METLIFE INC MET

Financials SIC 6311 - Life Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Life, Health, and Medical Insurance Carriers › Direct Life Insurance Carriers derived NYSE

MetLife is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management. We hold leading market positions in the United States ("U.S."), Asia, Latin America, Europe and the Middle East. We are also one of the largest institutional investors in the U.S. with a general account portfolio invested primarily in fixed income securities (corporate, structured products, municipals, and government and agency) and mortgage loans, as well as real estate, real estate joint ventures ("REJVs"), other limited partnerships and equity securities.

We believe that our trusted global brand, diversified and resilient business, and position as a leader in attractive markets are the powers of our business. Over the next four years we will continue to execute on our New Frontier strategy, which was designed to accelerate growth across our global platform while delivering attractive returns and all-weather performance. New Frontier builds upon the success of our Next Horizon strategy, which we implemented in 2019, with an aim to focus, simplify and differentiate the Company.

Last close 98.82 2026-10-23
Market cap $62.80B 2026-06-30 share count
52-week range 67.33 - 103.65

Valuation FY2025 figures against the last close

P/S25.8x
P/E21.0x
P/FCF3.7x
EV/EBITDA6.0x
Dividend yield2.4%
Diluted EPS4.71

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.44B$2.25B$2.23B$2.11B$2.07B$1.35B$1.29B$1.26B$62.31B$60.79B
SG&A $560.0M$481.0M$828.0M$669.0M$670.0M$761.0M$901.0M$910.0M$1.13B$1.01B
Total operating expenses $13.86B$13.02B$12.71B$11.86B$12.02B$13.15B$13.69B$13.71B$13.62B$13.75B
Operating income $6.14B$6.00B$5.72B$5.98B——————
Pre-tax income $4.66B$5.62B$2.16B$6.36B$8.52B$6.93B$6.79B$6.31B$3.54B$4.28B
Income tax $1.26B$1.18B$560.0M$1.06B$1.64B$1.51B$886.0M$1.18B$1.47B$693.0M
Net income $3.17B$4.23B$1.38B$2.35B$6.35B$5.41B$5.90B$5.12B$4.01B$850.0M
EPS, basic 4.745.981.826.357.715.726.104.953.650.68
EPS, diluted 4.715.941.816.307.655.686.064.913.620.67
Shares, diluted (wtd. avg.) 673.3M711.1M762.3M808.9M869.4M913.2M944.4M1.01B1.08B1.11B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $22.03B$20.07B$20.64B$20.20B$20.05B$19.80B$16.60B$15.82B$12.70B$12.65B
Short-term investments $3.60B$5.16B$6.04B$4.93B$7.18B$3.90B$3.85B$3.94B$4.87B$6.52B
Goodwill $9.61B$8.90B$9.24B$9.30B$9.54B$10.11B$9.31B$9.42B$9.59B$9.22B
Other intangibles $636.0M$710.0M$794.0M$876.0M$972.0M$1.10B$335.0M$384.0M$459.0M$509.0M
Total assets $745.17B$677.46B$687.58B$663.07B$759.71B$795.15B$740.46B$687.54B$719.89B$898.76B
Short-term debt $355.0M$465.0M$119.0M$175.0M$341.0M$393.0M$235.0M$268.0M$477.0M$242.0M
Total liabilities $716.25B$649.75B$657.33B$632.95B$691.96B$720.33B$674.08B$634.58B$661.02B$831.06B
Retained earnings $44.29B$42.63B$40.15B$40.33B$41.20B$31.82B$33.08B$28.93B$26.53B$34.68B
Total equity $28.40B$27.45B$30.25B$30.12B$50.01B$74.82B$66.38B$52.96B$58.87B$67.70B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $17.09B$14.60B$13.72B$13.04B$12.35B$11.64B$13.79B$11.74B$12.28B$14.77B
Depreciation and amortisation $117.0M$124.0M$112.0M$118.0M$123.0M$194.0M$207.0M$191.0M$207.0M$206.0M
Investing cash flow -$15.61B-$11.49B-$10.25B-$2.62B-$11.19B-$18.57B-$17.59B-$5.63B-$16.88B-$5.85B
Financing cash flow $163.0M-$3.13B-$2.94B-$9.95B-$1.13B$10.73B$4.57B-$2.80B-$906.0M-$3.50B
Dividends paid $1.51B$1.53B$1.57B$1.60B$1.65B$1.66B$1.64B$1.68B$1.72B$1.74B
Buybacks $2.88B$3.21B$3.10B$3.33B$4.30B$1.15B$2.29B$3.99B$2.93B$372.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001099219-26-000026.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20B 40B 60B 80B Revenue, FY2016: 60.8B Net income, FY2016: 850M Revenue, FY2017: 62.3B Net income, FY2017: 4B Revenue, FY2018: 1.3B Net income, FY2018: 5.1B Revenue, FY2019: 1.3B Net income, FY2019: 5.9B Revenue, FY2020: 1.4B Net income, FY2020: 5.4B Revenue, FY2021: 2.1B Net income, FY2021: 6.4B Revenue, FY2022: 2.1B Net income, FY2022: 2.4B Revenue, FY2023: 2.2B Net income, FY2023: 1.4B Revenue, FY2024: 2.2B Net income, FY2024: 4.2B Revenue, FY2025: 2.4B Net income, FY2025: 3.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $60.79B $62.31B $1.26B $1.29B $1.35B $2.07B $2.11B $2.23B $2.25B $2.44B
Gross profit — — — — — — — — — —
Net income $850.0M $4.01B $5.12B $5.90B $5.41B $6.35B $2.35B $1.38B $4.23B $3.17B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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