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MetLife MET Variable Annuity — Attributed fees collected

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LNCVariable Annuities — Market Risk Benefit, Attributed Fee Collected
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KKRVariable- and Other Annuities — Attributed Fees Collected
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LNCFixed Annuities — Market Risk Benefit, Attributed Fee Collected
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JXNVariable annuity — Policyholder Account Balance, Policy Income (Charge)
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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:MarketRiskBenefitAttributedFeeCollected.

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 variable annuity — attributed fees collected?
MetLife (MET) reported variable annuity — attributed fees collected of $74M in Q1 2026.
How has MetLife's variable annuity — attributed fees collected changed year-over-year?
MetLife's variable annuity — attributed fees collected decreased by 7.5% year-over-year, from $80M to $74M.
What is the long-term trend for MetLife's variable annuity — attributed fees collected?
Over 4 years (2021 to 2025), MetLife's variable annuity — attributed fees collected has grown at a -6.6% compound annual growth rate (CAGR), from $413M to $314M.
What does variable annuity — attributed fees collected mean?
This represents the revenue generated from fees charged to variable annuity policyholders, specifically attributed to the market risk benefits provided. These fees are a primary source of income to offset the costs of hedging and maintaining the guarantees. It reflects the pricing power and volume of the underlying annuity business.