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MetLife MET Variable Life — Excess benefits paid

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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:AdditionalLiabilityLongDurationInsuranceBenefitPayment.

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 — excess benefits paid?
MetLife (MET) reported variable life — excess benefits paid of -800,000,000% in Q1 2026.
How has MetLife's variable life — excess benefits paid changed year-over-year?
MetLife's variable life — excess benefits paid increased by 11.1% year-over-year, from -900,000,000% to -800,000,000%.
What is the long-term trend for MetLife's variable life — excess benefits paid?
Over 4 years (2021 to 2025), MetLife's variable life — excess benefits paid has grown at a -4.7% compound annual growth rate (CAGR), from -4,000,000,000% to -3,300,000,000%.
What does variable life — excess benefits paid mean?
This metric measures the actual cash payments made to policyholders that exceed the standard benefit expectations, often related to specific guarantees or riders in variable life products. It captures the realized cost of providing enhanced benefits during the period. High levels of excess benefits can indicate significant market-related payouts or adverse policyholder behavior.