Benefits, Losses and Expenses
MetLife Benefits, Losses and Expenses decreased by 22.6% to $17.57B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.0%, from $17.22B to $17.57B. Over 4 years (FY 2021 to FY 2025), Benefits, Losses and Expenses shows an upward trend with a 3.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase often reflects higher claim frequency or severity, which can negatively impact underwriting margins.
Detailed definition
This captures the total outflows related to policyholder benefits, claims, and other associated insurance expenses. It r...
Peer comparison
This is a fundamental metric for insurance companies; peers are compared based on their loss ratios to determine underwriting discipline.
other_benefits_losses_and_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '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 | $14.04B | $14.86B | $18.78B | $15.04B | $15.56B | $21.85B | $13.58B | $15.13B | $16.19B | $15.33B | $18.09B | $15.01B | $16.62B | $16.45B | $17.29B | $17.22B | $16.36B | $16.15B | $22.70B | $17.57B |
| QoQ Change | — | +5.9% | +26.4% | -19.9% | +3.4% | +40.4% | -37.8% | +11.4% | +7.0% | -5.3% | +18.0% | -17.0% | +10.7% | -1.1% | +5.1% | -0.4% | -5.0% | -1.3% | +40.5% | -22.6% |
| YoY Change | — | — | — | — | +10.8% | +47.0% | -27.7% | +0.6% | +4.1% | -29.8% | +33.2% | -0.8% | +2.6% | +7.3% | -4.4% | +14.7% | -1.6% | -1.8% | +31.3% | +2.0% |
Business Segments
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Group Benefits | — | — | — | — | $5.75B | $6.29B | $5.85B | $5.99B |
| Asia | $2.29B | $2.27B | $2.17B | $2.36B | $2.29B | $2.27B | $2.21B | $2.41B |
| Latin America | $1.34B | $1.45B | $1.52B | $1.57B | $1.70B | $1.55B | $1.59B | $1.62B |
| MetLife Holdings | $1.96B | $1.89B | $1.85B | $1.80B | $1.75B | $1.66B | $1.65B | $1.55B |
| EMEA | $524.00M | $550.00M | $537.00M | $527.00M | $586.00M | $571.00M | $577.00M | $616.00M |
| Corporate & Other | — | — | — | — | — | — | $441.00M | $411.00M |
| Corporate and Other | $450.00M | $440.00M | $485.00M | $511.00M | $539.00M | $454.00M | — | — |
| U.S. | $7.73B | $7.93B | $10.11B | $9.44B | — | — | — | — |
| Total | $13.58B | $15.13B | $16.19B | $15.33B | $18.09B | $15.01B | $16.62B | $16.45B |
Asia, Corporate & Other, Corporate and Other, EMEA, Group Benefits, Latin America, MetLife Holdings, U.S. were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Benefits, Losses and Expenses at Other Companies
Frequently Asked Questions
- What is MetLife's benefits, losses and expenses?
- MetLife (MET) reported benefits, losses and expenses of $17.57B in Q1 2026.
- How has MetLife's benefits, losses and expenses changed year-over-year?
- MetLife's benefits, losses and expenses increased by 2.0% year-over-year, from $17.22B to $17.57B.
- What is the long-term trend for MetLife's benefits, losses and expenses?
- Over 4 years (2021 to 2025), MetLife's benefits, losses and expenses has grown at a 3.6% compound annual growth rate (CAGR), from $62.95B to $72.42B.
- What does benefits, losses and expenses mean?
- The total costs associated with paying out insurance claims and managing policyholder benefits.