MetLife Variable Annuity — Effect of changes in equity index volatility increased by 925.0% to $66.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 371.4%, from $14.00M to $66.00M. Over 3 years (FY 2021 to FY 2025), Variable Annuity — Effect of changes in equity index volatility shows a downward trend with a -100.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase in volatility typically raises the cost of guarantees, signaling higher potential future claims and hedging costs.
This metric measures the impact of changes in implied equity market volatility on the valuation of variable annuity mark...
Comparable to 'vega' sensitivity or volatility-related adjustments in insurance liability valuation models.
met_segment_variable_annuity_effect_of_changes_in_equity_index_volatility| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.25M | $6.25M | $6.25M | $43.00M | $14.00M | $34.00M | -$132.00M | $23.00M | $25.00M | -$51.00M | $34.00M | -$8.00M | $11.00M | $3.00M | $14.00M | -$18.00M | $12.00M | -$8.00M | $66.00M |
| QoQ Change | — | +0.0% | +0.0% | +588.0% | -67.4% | +142.9% | -488.2% | +117.4% | +8.7% | -304.0% | +166.7% | -123.5% | +237.5% | -72.7% | +366.7% | -228.6% | +166.7% | -166.7% | +925.0% |
| YoY Change | — | — | — | — | +124.0% | +444.0% | -407.0% | +64.3% | -26.5% | — | +125.8% | -134.8% | -56.0% | +105.9% | -58.8% | -125.0% | +9.1% | -366.7% | +371.4% |