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

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LNCOther Operations — Amortization of DAC and VOBA
$0
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VOYAWealth Solutions — Amortization of DAC and VOBA
$27.5M+32.5%
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VOYAInvestment Management — Amortization of DAC and VOBA
$0
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LNCRetirement Plan Services — Amortization of DAC and VOBA
$4.75M+5.6%
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VOYAEmployee Benefits — Amortization of DAC and VOBA
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LNCAnnuities — Amortization of DAC and VOBA
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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$54.45B+2.4%
Enterprise value$46.62B-0.7%
P/E15.1×+3.2×
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 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 RIS — amortization of DAC, VOBA and negative VOBA?
MetLife (MET) reported RIS — amortization of DAC, VOBA and negative VOBA of -$23M in Q1 2026.
How has MetLife's RIS — amortization of DAC, VOBA and negative VOBA changed year-over-year?
MetLife's RIS — amortization of DAC, VOBA and negative VOBA decreased by 21.1% year-over-year, from -$19M to -$23M.
What is the long-term trend for MetLife's RIS — amortization of DAC, VOBA and negative VOBA?
Over 3 years (2022 to 2025), MetLife's RIS — amortization of DAC, VOBA and negative VOBA has grown at a 27.5% compound annual growth rate (CAGR), from -$40M to -$83M.
What does RIS — amortization of DAC, VOBA and negative VOBA mean?
This represents the amortization of Deferred Acquisition Costs (DAC) and the Value of Business Acquired (VOBA) for the Retirement and Income Solutions segment. It reflects the systematic recognition of costs incurred to acquire new business over the life of the policies. This metric is vital for understanding the timing of profit recognition.