What does MIM — amortization of DAC, VOBA and negative VOBA mean?

Reflects the systematic expensing of Deferred Acquisition Costs (DAC) and the Value of Business Acquired (VOBA) over the life of the insurance contracts. This non-cash expense aligns the cost of acquiring new business with the revenue generated from those policies. It is a vital metric for assessing the long-term profitability and accounting efficiency of the segment.

MetLife MET MIM — Amortization of DAC, VOBA and negative VOBA

Similar metrics at other companies

VOYAInvestment Management — Amortization of DAC and VOBA

$0—

LNCOther Operations — Amortization of DAC and VOBA

$0—

LNCLife Insurance — Amortization of DAC and VOBA

$127.75M+1.6%

VOYAEmployee Benefits — Amortization of DAC and VOBA

$10M+11.1%

LNCAnnuities — Amortization of DAC and VOBA

$119.75M+12.2%

VOYAInvestment Management — DAC and VOBA

$0—

Other financials

Income statement

See full

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

See full

Operating cash flow$2.7B-37.0%

Valuation

See full

Market cap$54.45B+2.4%

Enterprise value$46.62B-0.7%

P/E15.1×+3.2×

P/S0.7×0.0×

Profitability

See full

Net margin4.7%-1.5pp

Returns & leverage

See full

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 met:AmortizationOfDACVOBAAndNegativeVOBA.

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 MIM — amortization of DAC, VOBA and negative VOBA?: MetLife (MET) reported MIM — amortization of DAC, VOBA and negative VOBA of $0 in Q1 2026.
What does MIM — amortization of DAC, VOBA and negative VOBA mean?: Reflects the systematic expensing of Deferred Acquisition Costs (DAC) and the Value of Business Acquired (VOBA) over the life of the insurance contracts. This non-cash expense aligns the cost of acquiring new business with the revenue generated from those policies. It is a vital metric for assessing the long-term profitability and accounting efficiency of the segment.