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MetLife MET Investment Product — Separate account liabilities

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Other financials

Income statement

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Revenue$19.1B+2.7%
Net income$1.2B+25.4%
EPS (diluted)$1.74+35.9%

Balance sheet

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Cash & equivalents$22.7B+6.4%
Total debt$14.8B-1.5%
Total equity$27.3B-0.6%
Total assets$743.21B+8.0%

Cash flow

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Operating cash flow$2.7B-37.0%

Valuation

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Market cap$55.3B+3.4%
Enterprise value$47.47B+0.9%
P/E15.3×+2.8×
P/S0.7×0.0×

Profitability

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Net margin4.7%-1.5pp

Returns & leverage

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Return on equity13.2%-2.9pp
Debt / equity0.5×0.0×

Where this comes from

Reported directly by MetLife in its filing.

Tagged under the XBRL concept us-gaap:SeparateAccountsLiability.

The official record: MetLife’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MetLife's investment product — separate account liabilities?
MetLife (MET) reported investment product — separate account liabilities of 3,605,300,000,000% in Q1 2026.
How has MetLife's investment product — separate account liabilities changed year-over-year?
MetLife's investment product — separate account liabilities decreased by 3.9% year-over-year, from 3,751,600,000,000% to 3,605,300,000,000%.
What is the long-term trend for MetLife's investment product — separate account liabilities?
Over 3 years (2022 to 2025), MetLife's investment product — separate account liabilities has grown at a -4.4% compound annual growth rate (CAGR), from 17,403,700,000,000% to 15,199,300,000,000%.
What does investment product — separate account liabilities mean?
This represents the total liabilities held in separate accounts where the investment risk is primarily borne by the policyholder rather than the insurer. These assets are legally segregated from the general account to support specific variable insurance and retirement products. It is a key measure of the scale of the company's unit-linked or variable product business.