Policy liabilities
MetLife Policy liabilities increased by 1.3% to $239.84B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.3%, from $225.62B to $239.84B. Over 5 years (FY 2020 to FY 2025), Policy liabilities shows an upward trend with a 2.9% CAGR.
Analysis
How to read this metric
Increases reflect higher inflows of customer capital, while decreases may indicate withdrawals or shifts in product strategy.
Detailed definition
These are liabilities representing funds held on behalf of policyholders that are not yet recognized as insurance premiu...
Peer comparison
Common in firms offering annuity and wealth management products; peers report this to show the scale of customer assets under management.
other_policyholder_contract_depositsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q4 '23 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $204.95B | $203.97B | $203.47B | $206.76B | $200.58B | $198.25B | $203.08B | $219.27B | $219.54B | $224.61B | $221.45B | $225.62B | $232.43B | $235.31B | $236.86B | $239.84B |
| QoQ Change | — | -0.5% | -0.2% | +1.6% | -3.0% | -1.2% | +2.4% | +8.0% | +0.1% | +2.3% | -1.4% | +1.9% | +3.0% | +1.2% | +0.7% | +1.3% |
| YoY Change | — | — | — | — | -2.1% | -2.8% | -0.2% | +8.0% | — | — | +1.0% | — | +5.9% | +4.8% | +7.0% | +6.3% |
Business Segments
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| RIS | — | — | $82.41B | $84.92B | $93.55B |
| Corporate And Other | — | — | — | $21.26B | $13.48B |
| Group Benefits | — | — | $7.69B | $7.63B | $11.01B |
| EMEA | $9.39B | $7.24B | $7.58B | $7.21B | $8.06B |
| Latin America | $5.02B | $5.49B | $6.37B | $5.51B | $6.53B |
| MetLife Holdings | $27.45B | $26.23B | $23.18B | $21.27B | — |
| MIM | — | — | — | — | $0.00 |
| Total | $203.47B | $203.08B | $219.27B | $221.45B | $236.86B |
MetLife Holdings was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Policy liabilities at Other Companies
Frequently Asked Questions
- What is MetLife's policy liabilities?
- MetLife (MET) reported policy liabilities of $239.84B in Q1 2026.
- How has MetLife's policy liabilities changed year-over-year?
- MetLife's policy liabilities increased by 6.3% year-over-year, from $225.62B to $239.84B.
- What is the long-term trend for MetLife's policy liabilities?
- Over 5 years (2020 to 2025), MetLife's policy liabilities has grown at a 2.9% compound annual growth rate (CAGR), from $205.18B to $236.86B.
- What does policy liabilities mean?
- Funds held by the company that belong to policyholders, often related to investment-linked insurance products.