Policy loans
Non-Current AssetsMorgan Stanley Policy loans increased by 12.0% to $4.86B in Q4 2025 compared to the prior quarter.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryLiquidity
SignalContext dependent
VolatilityStable
First reportedQ4 2024
Last reportedQ4 2025
How to read this metric
An increase may indicate policyholders need liquidity; for the company, it represents a safe but often lower-yielding investment.
Detailed definition
Loans granted to life insurance policyholders, secured by the cash surrender value of their respective policies. These a...
Peer comparison
Directly comparable to other life insurance providers like MetLife or Prudential.
Metric ID:
ins_policy_loansHistorical Data
2 periods
| Q4 '24 | Q4 '25 | |
|---|---|---|
| Value | $4.34B | $4.86B |
| QoQ Change | — | +12.0% |
| YoY Change | — | +12.0% |
Range$4.34B – $4.86B
Avg YoY Growth+12.0%
Median YoY Growth+12.0%
Policy loans at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's policy loans?
- Morgan Stanley (MS) reported policy loans of $4.86B in Q4 2025.
- What does policy loans mean?
- Money lent to customers using their life insurance policies as collateral.