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MetLife MET Variable Annuity — Less: Reinsurance recoverable

Similar metrics at other companies

BHFVariable Annuities — Less: Reinsurance recoverable, end of period

$21M-30.0%

LNCVariable Annuities — Less: Ceded MRB assets (liabilities)

-$327M-4.8%

CIVariable Annuity — Remaining overall limit under reinsurance agreement

$3B0.0%

FNFImmediate annuities — Less: Reinsurance recoverable

$104M-4.6%

JXNVariable annuity — Reinsurance recoverable on market risk benefits, at fair value

$43M-24.6%

BHFVariable Annuities — Balance, end of period, net of reinsurance

$7.63B-7.1%

Other financials

Income statement

Revenue$19.1B+2.7%

Net income$1.2B+25.4%

EPS (diluted)$1.74+35.9%

Balance sheet

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

Operating cash flow$2.7B-37.0%

Valuation

Market cap$55.3B+3.4%

Enterprise value$47.47B+0.9%

P/E15.3×+2.8×

P/S0.7×0.0×

Profitability

Net margin4.7%-1.5pp

Returns & leverage

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:MarketRiskBenefitReinsuranceRecoverableAfterAllowance.

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 — less: reinsurance recoverable?: MetLife (MET) reported variable annuity — less: reinsurance recoverable of $373M in Q1 2026.
What does variable annuity — less: reinsurance recoverable mean?: This metric quantifies the portion of variable annuity liabilities that are covered by reinsurance agreements. It represents the amount the company expects to collect from reinsurers to offset claims or benefit payments associated with these annuity products. Monitoring this helps investors assess the company's reliance on third-party risk transfer mechanisms.