MetLife MET Fixed Annuity — Net liability for FPBs

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PFGFixed Annuity — Liability For Future Policy Benefit Expected Future Policy Benefit Undiscounted Before Reinsurance

$6.12B-6.2%

PFGFixed Annuity — Liability For Future Policy Benefits

$4.24B-5.6%

PFGFixed Annuity — Liability For Future Policy Benefit After Reinsurance

$59M+48.2%

HIGFixed Annuity — Liability for Future Policy Benefit, Expected Future Policy Benefit, Interest Expense

$1M0.0%

PFGFixed Annuity — Liability For Future Policy Benefit Expected Future Policy Benefit Before Reinsurance After Discount Rate Change

424,020,000,000%-25,350,000,000pp

HIGFixed Annuity — Liability for Future Policy Benefit, Expected Future Gross Premium, Undiscounted, before Reinsurance

$0—

Questions, answered.

What is MetLife's fixed annuity — net liability for fpbs?

MetLife (MET) reported fixed annuity — net liability for fpbs of $12.45B in Q1 2026.

How has MetLife's fixed annuity — net liability for fpbs changed year-over-year?

MetLife's fixed annuity — net liability for fpbs increased by 19.9% year-over-year, from $10.39B to $12.45B.

What is the long-term trend for MetLife's fixed annuity — net liability for fpbs?

Over 3 years (2022 to 2025), MetLife's fixed annuity — net liability for fpbs has grown at a 11.2% compound annual growth rate (CAGR), from $32.61B to $44.8B.

What does fixed annuity — net liability for fpbs mean?

This represents the net liability for future policy benefits (FPBs) specifically associated with the fixed annuity product line. It reflects the actuarial estimate of the present value of future benefit payments minus the present value of future net premiums, adjusted for reinsurance. This is a core measure of the long-term financial obligation the insurer holds toward its fixed annuity policyholders.