Discontinued — last reported Q3 '25

Business Segments · Deferred Policy Acquisition Cost

MetLife Holdings — Deferred Policy Acquisition Cost

MetLife MetLife Holdings — Deferred Policy Acquisition Cost decreased by 1.7% to $2.91B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.5%, from $3.11B to $2.91B. Over 2 years (FY 2022 to FY 2024), MetLife Holdings — Deferred Policy Acquisition Cost shows a downward trend with a -10.0% CAGR.

Analysis

StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2020
Last reportedQ3 2025

How to read this metric

A high balance indicates significant past investment in acquiring policies, which will be amortized as future revenue is recognized.

Detailed definition

Costs incurred to acquire new insurance business, such as commissions and underwriting expenses, that are capitalized an...

Peer comparison

Standard accounting metric (DAC) for life insurance companies under GAAP.

Metric ID: met_segment_metlife_holdings_deferred_policy_acquisition_cost

Historical Data

16 periods
 Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$4.03B$3.96B$3.90B$3.84B$3.79B$3.73B$3.67B$3.61B$3.27B$3.22B$3.17B$3.11B$3.06B$3.01B$2.96B$2.91B
QoQ Change-1.7%-1.6%-1.4%-1.4%-1.6%-1.5%-1.6%-9.5%-1.6%-1.6%-1.7%-1.6%-1.6%-1.7%-1.7%
YoY Change-5.9%-5.8%-5.8%-6.0%-13.7%-13.7%-13.8%-13.9%-6.4%-6.4%-6.4%-6.5%
Range$2.91B$4.03B
CAGR-8.3%
Avg YoY Growth-8.7%
Median YoY Growth-6.4%
Current Streak15+ quarters decline

Frequently Asked Questions

What is MetLife's metlife holdings — deferred policy acquisition cost?
MetLife (MET) reported metlife holdings — deferred policy acquisition cost of $2.91B in Q3 2025.
How has MetLife's metlife holdings — deferred policy acquisition cost changed year-over-year?
MetLife's metlife holdings — deferred policy acquisition cost decreased by 6.5% year-over-year, from $3.11B to $2.91B.
What is the long-term trend for MetLife's metlife holdings — deferred policy acquisition cost?
Over 2 years (2022 to 2024), MetLife's metlife holdings — deferred policy acquisition cost has grown at a -10.0% compound annual growth rate (CAGR), from $15.50B to $12.56B.
What does metlife holdings — deferred policy acquisition cost mean?
Capitalized costs related to acquiring new insurance policies that will be expensed over time.