Operating
Effect of changes in capital markets
MetLife Effect of changes in capital markets remained flat by 0.0% to $58.75M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 69.9%, from $195.5M to $58.75M. Over 4 years (FY 2021 to FY 2025), Effect of changes in capital markets shows a downward trend with a -27.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryRisk
SignalHigher is better
VolatilityVolatile
First reportedQ1 2021
Last reportedQ4 2025Feb 19, 2026
How to read this metric
An increase indicates positive market impact on cash flow, while a decrease indicates negative market impact.
Detailed definition
Reflects the impact of fluctuations in capital market conditions on the valuation of insurance-related assets or liabili...
Peer comparison
Common in large life insurers with significant variable annuity or market-sensitive product portfolios.
Metric ID:
operating_market_risk_benefit_increase_decrease_from_equ_236ee5Historical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $839M | $3.35B | $658M | $782M | $235M |
| YoY Change | — | +298.9% | -80.3% | +18.8% | -69.9% |
Range$235M – $3.35B
CAGR-27.3%
Avg YoY Growth+41.9%
Median YoY Growth-25.6%
Product Breakdown
| Segment | Q4 '23 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 |
|---|---|---|---|---|---|
| Variable Annuity | -$358M | -$66M | -$155M | $0 | $76M |
| Insurance, Other | -$26M | -$2M | — | — | $5M |
| Total | $164.5M | $195.5M | $195.5M | $195.5M | $58.75M |
Effect of changes in capital markets at Other Companies
Frequently Asked Questions
- What is MetLife's effect of changes in capital markets?
- MetLife (MET) reported effect of changes in capital markets of $58.75M in Q4 2025.
- How has MetLife's effect of changes in capital markets changed year-over-year?
- MetLife's effect of changes in capital markets decreased by 69.9% year-over-year, from $195.5M to $58.75M.
- What is the long-term trend for MetLife's effect of changes in capital markets?
- Over 4 years (2021 to 2025), MetLife's effect of changes in capital markets has grown at a -27.3% compound annual growth rate (CAGR), from $839M to $235M.
- What does effect of changes in capital markets mean?
- The cash flow impact resulting from changes in market prices or economic conditions.