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MetLife MET Universal and Variable Universal Life — Interest Expense (2)

Other product segments

Fixed & Immediate Annuities
$966M+16.0%
Long-term Care
$212M+3.4%
Long-Duration Insurance, Other
$126M+3.3%
Fixed Annuity
$104M+19.5%
Whole and Term Life & Endowments
$75M+4.2%
Accident & health insurance
$62M+1.6%
Fixed & Immediate Annuities for Deferred Profit Liabilities
$47M+2.2%
Whole and Term Life & Endowments for Deferred Profit Liabilities
$12M+20.0%
Accident and Health Insurance Product Line for Deferred Profit Liabilities
$6M+20.0%
Fixed Annuity for Deferred Profit Liabilities
$5M0.0%
Variable Life
$4M0.0%

Similar metrics at other companies

Chubb logo
CBUniversal Life — Policyholder Account Balance, Interest Expense
$12M0.0%
Prudential Financial logo
PRUGuaranteed Universal Life — Interest Expense
$151M+8.6%
F&G Annuities & Life logo
FGUniversal life — Interest credited
$57M+26.7%
Brighthouse Financial logo
BHFUniversal Life Insurance — Interest credited to policyholder account balances, excluding market value adjustments
$15M-40.0%
Prudential Financial logo
PRUVariable Universal Life — Interest credited to policyholders’ account balances
$93M-13.1%
The Hartford Financial Services Group logo
HIGUniversal Life — Policyholder Account Balance, Interest Expense
$2M0.0%

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 us-gaap:LiabilityForFuturePolicyBenefitInterestExpense.

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 universal and variable universal life — interest expense (2)?
MetLife (MET) reported universal and variable universal life — interest expense (2) of $38M in Q1 2026.
How has MetLife's universal and variable universal life — interest expense (2) changed year-over-year?
MetLife's universal and variable universal life — interest expense (2) increased by 8.6% year-over-year, from $35M to $38M.
What is the long-term trend for MetLife's universal and variable universal life — interest expense (2)?
Over 4 years (2021 to 2025), MetLife's universal and variable universal life — interest expense (2) has grown at a 5.6% compound annual growth rate (CAGR), from $116M to $144M.
What does universal and variable universal life — interest expense (2) mean?
This represents the interest expense incurred by the company on the policyholder account balances for universal and variable universal life products. It is a direct cost of maintaining these liabilities and is a key component of the segment's net income calculation. It reflects the financial cost of servicing the policyholder funds.