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MetLife MET Variable Life — Adjusted balance

Other product segments

Universal and Variable Universal Life
303,000,000,000%+5.7%

Similar metrics at other companies

Brighthouse Financial logo
BHFVariable Annuities — Balance, end of period, net of reinsurance
$7.63B-7.1%
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PRUVariable Universal Life — Policyholder Account Balance, Benefit Payment
$10M-56.5%
Ameriprise Financial logo
AMPFixed accounts of variable universal life insurance — Policyholder account balances
$751M-3.1%
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AMPOther Life Insurance — Variable account index-linked adjustments
$0
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UHALLife Insurance — Liability For Future Policy Benefit Expected Adjusted Beginning Balance
$483.95M-5.0%
Prudential Financial logo
PRUVariable Universal Life — Balance, end of period
$15.5B+3.8%

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:AdditionalLiabilityLongDurationInsuranceOriginalDiscountRateBeforeReinsuranceAfterCashFlowChange.

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 life — adjusted balance?
MetLife (MET) reported variable life — adjusted balance of 107,200,000,000% in Q1 2026.
How has MetLife's variable life — adjusted balance changed year-over-year?
MetLife's variable life — adjusted balance decreased by 3.1% year-over-year, from 110,600,000,000% to 107,200,000,000%.
What is the long-term trend for MetLife's variable life — adjusted balance?
Over 3 years (2022 to 2025), MetLife's variable life — adjusted balance has grown at a -11.8% compound annual growth rate (CAGR), from 640,300,000,000% to 438,800,000,000%.
What does variable life — adjusted balance mean?
This represents the final adjusted balance of the variable life insurance liability after accounting for all period-specific adjustments, including experience variances and other reconciliations. It serves as the definitive carrying value of the liability on the balance sheet for the reporting period. This is the primary figure used to assess the total exposure of the variable life segment.