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Metlife Inc. (MET)

MetLife provides insurance, annuities, employee benefits and asset management, in the United States, Asia, Latin America, Europe and the Middle East. It sells to corporations and other institutions, including local, state and federal governments, to their employees, and to individuals. MetLife, Inc. is a Delaware corporation incorporated in 1999.

Metlife Inc.

MetLife provides insurance, annuities, employee benefits and asset management, in the United States, Asia, Latin America, Europe and the Middle East. It sells to corporations and other institutions, including local, state and federal governments, to their employees, and to individuals. MetLife, Inc. is a Delaware corporation incorporated in 1999.

Six segments after a reorganisation in late 2025

Group Benefits, Retirement and Income Solutions, Asia, Latin America, EMEA and MetLife Investment Management, with a Corporate & Other category beside them. The last of those six is new: in the fourth quarter of 2025 the company moved its institutional asset management business out of Corporate & Other and made it a reportable segment, removed MetLife Holdings as a segment and moved that business mostly into Corporate & Other, and shifted some products into Group Benefits and Retirement and Income Solutions. Corporate & Other now holds run-off and developing businesses, unallocated capital and charges, interest on most of the group's debt, and intersegment eliminations.

Group Benefits

The United States group insurance business, sold to employers for their staff. It writes life insurance, dental, group short-term and long-term disability, paid family and medical leave, individual disability, accidental death and dismemberment, accident and health, and vision, plus prepaid legal plans and pet insurance. It also sells administrative services-only arrangements to some employers. Selling is done mainly by MetLife's own sales force, segmented by the size of the customer, either directly or through a broker or consultant, and also through sponsoring associations and affinity groups. The segment provides life, dental, accident and health and vision cover to some employees of the US government. Employers have been emphasising voluntary products, so MetLife has increased its marketing and communication to employees to help sell them. Claims experience moves with seasonal illness, and fourth-quarter expenses are normally higher because that is when benefit renewals, enrolment and marketing fall.

Retirement and Income Solutions

Funding and financing for institutions carrying employee benefit liabilities. Stable value products include guaranteed interest contracts inside defined contribution plans, separate account versions of the same, synthetic contracts that wrap a portfolio the plan itself owns so that participants can always transact at contract value, and private floating rate funding agreements used by money market funds and securities lending collateral portfolios. Pension risk transfer annuities let a company hand over all or part of a defined benefit pension scheme, as a buyout or a buy-in. Institutional income annuities are guaranteed payout contracts bought for employees at retirement or on leaving. Structured settlements are annuities used instead of a lump sum in a personal injury, wrongful death or workers' compensation claim. The segment also writes longevity reinsurance and funded reinsurance for UK pension risk transfer business, benefit funding products including company-owned and bank-owned life insurance, and capital markets products such as funding agreement-backed notes and commercial paper.

The three international segments

Asia runs in nine jurisdictions, with Japan the largest. In Japan the business is sold face to face through career and general agency channels; elsewhere it uses career and general agencies, bancassurance, independent brokers for retail and an employee sales force for group. Products are life, accident and health, and retirement and savings. Latin America is largest in Mexico and Chile, sold through an exclusive captive agency network, a direct marketing channel using sponsors and digital sales, and brokers and independent agents; it adds credit insurance, which pays off a loan if the borrower dies, and savings-oriented pension products mostly in Chile. EMEA is largest in the Gulf region, the United Kingdom, Turkey and France, and sells through captive and independent agency, brokerage, bancassurance, corporate solutions and direct to consumer.

MetLife Investment Management

Asset management and advisory services for institutional investors in public and private fixed income, real estate, equity, alternatives, multi-asset solutions and insurance solutions. It also manages the money backing MetLife's own general account. Clients include insurance companies, pension plans and defined contribution plans. Products run from separately managed accounts to open-ended and closed-ended funds and other pooled vehicles. On 30 December 2025 it completed the purchase of PineBridge Investments, a global asset manager, which the company says adds scale and broadens its product range and distribution.

From MetLife's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Metlife became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 6 November 2026
Revenue
$20.5 billion
+18.2% on the year · +7.1% on the quarter
Q4 FY2024Q3 FY2026
Net income
$2.4 billion
+167.5% on the year · +225.7% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$3.67
+200.8% on the year · +236.7% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 19 February 2026
Revenue
$77.1 billion
+8.6% on the year
FY2018FY2025
Net income
$3.4 billion
-23.7% on the year
FY2018FY2025
Diluted EPS
$4.71
-20.7% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsMetlife (MET) reported revenue of $77.1 billion for fiscal 2025, the year ended 31 December 2025, up 8.6% on the year before. Net income was $3.4 billion and diluted earnings per share $4.71. Revenue was $71.0 billion in fiscal 2024, $66.9 billion in fiscal 2023, $68.8 billion in fiscal 2022 and $68.7 billion in fiscal 2021. Net income in the same years was $4.4 billion, $1.6 billion, $5.3 billion and $6.9 billion. Over the twelve months to 30 September 2026, Metlife reported revenue of $82.6 billion and net income of $5.1 billion. Revenue grew 2.6% a year, compounded, over the five years to fiscal 2025. Metlife declared $2.32 a share in dividends over the last four quarters and had 631 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Metlife was $62.0 billion, 12.8 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE23.1%
ROCE18.5%
Operating margin8.2%
Net margin6.2%
FCF marginn/a
Interest covern/a
Debt to equity0.64x
Cash conversion2.73x
Share count, last 12 months-4.5%
Sales CAGR, 3 years3.9%
Profit CAGR, 3 years-13.8%
EPS, TTM$7.68

At the close of 6 November 2026

Price$98.28
Market cap$62.0 billion
Stock P/E12.8x
Price to book2.8x
EV / EBITDAn/a
Dividend yield2.4%
Market cap / sales0.75x
52-week high$103.54
52-week low$67.70
Price, 1 year29.4%
Price CAGR, 3 years17.8%
Price CAGR, 5 years9.0%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowings Metlife Inc. reports under its own heading, which is the only one it files; lease liabilities are separate lines. Nothing here is a valuation or a view.
METgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue20,08915,40515,47422,27015,60815,38816,62315,86619,02816,05717,82318,44018,66618,56917,34017,36123,81419,07419,15420,522
Operating income1,3061,9359881,4022,0262574305349411,4011,6621,4421,4911,4151,3931,6501,6791,6311,6041,826
Operating margin7%13%6%6%13%2%3%3%5%9%9%8%8%8%8%10%7%9%8%9%
Pre-tax income1,3061,9359881,4151,7272574305349411,0451,2021,9941,3811,3549801,2101,1171,5071,0353,000
Tax rate7%15%7%18%22%67%5%7%35%16%21%33%8%30%25%25%27%23%25%20%
Net income1,2051,6349101,1621,57880.04024896078679461,3421,2719457298968091,1857362,397
Net margin6%11%6%5%10%1%2%3%3%5%5%7%7%5%4%5%3%6%4%12%
Diluted EPS$1.38$1.89$1.08$1.37$1.96$0.02$0.48$0.56$0.77$1.10$1.28$1.81$1.75$1.28$1.03$1.22$1.18$1.74$1.09$3.67
Operating cash flow5,3402,0404,4384,2782,5342,0263,0383,4755,1822,3283,4904,1694,6114,2622,1873,5677,0762,6872,2282,000
Buybacks1,1769401,1166745967806727928591,1728557744061,411510502460755722651
Dividends paid405397408400393389399392386377389383378374382378375372383379
Shares outstanding826m815m798m787m779m769m757m744m731m716m704m694m689m673m667m661m655m646m638m631m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue47,15250,98440,64552,24770,26268,15068,19963,97461,34360,78762,30867,94169,62067,84268,69668,77066,90570,98677,08482,564
Operating income5,7805,061-4,6153,7299,2051,4424,0526,8835,6514,2813,5366,3076,7956,9278,5185,9785,7235,9966,1376,740
Operating margin12.3%9.9%-11.4%7.1%13.1%2.1%5.9%10.8%9.2%7.0%5.7%9.3%9.8%10.2%12.4%8.7%8.6%8.4%8.0%8.2%
Interest expensen/a1,0511,0441,550975871854871890874841827656632647655740738724n/a
Pre-tax incomen/an/a-4,6153,7299,1841,4424,0526,8835,6514,2813,5366,3076,7956,9278,5186,3642,1625,6224,6616,659
Income tax1,6751,580-2,1061,1102,7931286611,9361,590693-1,4701,1798861,5091,6421,0625601,1781,2581,490
Effective tax raten/an/an/a29.8%30.4%8.9%16.3%28.1%28.1%16.2%-41.6%18.7%13.0%21.8%19.3%16.7%25.9%21.0%27.0%22.4%
Net income4,3173,209-2,4112,6676,4231,3243,3686,3095,3738504,0105,1235,8995,4076,8555,2841,5784,4263,3795,127
Net margin9.2%6.3%-5.9%5.1%9.1%1.9%4.9%9.9%8.8%1.4%6.4%7.5%8.5%8.0%10.0%7.7%2.4%6.2%4.4%6.2%
Diluted EPS$5.48$4.14-$3.09$2.86$5.76$1.12$2.91$5.42$4.62$0.63$3.62$4.91$6.06$5.68$7.65$6.30$1.81$5.94$4.71$7.68
Filing10-K10-K8-K10-K8-K10-K10-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025, 2 years left out

FY2009FY2010FY2011FY2012FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Group Benefitsn/an/an/an/an/an/an/an/an/an/a23,70324,40225,23026,12226,88137.2%
RISn/an/an/an/an/an/an/an/an/an/a12,52120,51816,63517,07621,03629.1%
Asian/an/an/an/a11,25911,15811,36711,76412,05312,46213,17211,25510,92611,41511,95516.5%
Latin American/an/an/an/a4,7774,6724,9885,0845,1324,2895,0616,0317,3717,5868,30411.5%
EMEAn/an/an/an/a2,8472,8092,8332,9212,9453,0132,9232,4412,5432,7703,1544.4%
MIMn/an/an/an/an/an/an/an/an/an/an/an/a7227259381.3%
Corporate and Othern/an/an/an/a233330354629651411766n/an/an/an/an/a
MetLife Holdingsn/an/an/an/a13,14612,46711,35610,72610,40610,09510,8989,037n/an/an/an/a
Operating Segments47,28551,13665,08768,351n/an/an/an/an/an/an/an/an/an/an/an/a
U.S.n/an/an/an/a28,73829,48031,84637,03735,78736,195n/an/an/an/an/an/a
Not assigned to a part in the filingn/an/an/an/an/an/an/an/a2,6461,377n/an/a3,4785,2924,816n/a
Material Reconciling Items-6,6281,1115,154-201n/an/an/an/an/an/an/an/an/an/an/an/a
Sales between segments, taken outn/an/an/an/an/an/an/an/an/an/an/a-4,914n/an/an/an/a
Group Benefits FY2021 to FY2025RIS FY2021 to FY2025Asia FY2015 to FY2025Latin America FY2015 to FY2025EMEA FY2015 to FY2025MIM FY2023 to FY2025MetLife Holdings FY2015 to FY2022Corporate and Other FY2015 to FY2021U.S. FY2015 to FY2020Operating Segments FY2009 to FY2012
47.3FY200965.1FY201161.0FY201562.7FY201767.0FY201969.0FY202163.4FY202372.3FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Not assigned to a part in the filing, Material Reconciling Items and Sales between segments, taken out are the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2009 to FY2025, 2 years left out

The operating profit each segment reports. Costs Metlife does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2009FY2010FY2011FY2012FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Group Benefitsn/an/an/an/an/an/an/an/an/an/a4631,3321,6551,6061,6926.3%
RISn/an/an/an/an/an/an/an/an/an/a2,5911,6351,7081,6671,6717.9%
Asian/an/an/an/a1,3881,2241,2291,2371,4051,5652,5171,6171,2821,6211,70214.2%
Latin American/an/an/an/a6255435855926092802747298408817989.6%
EMEAn/an/an/an/a24027329727728232730624926528336711.6%
MIMn/an/an/an/an/an/an/an/an/an/an/an/a705520021.3%
Corporate and Othern/an/an/an/a-1,410-506-982-563-223-547-156n/an/an/an/an/a
MetLife Holdingsn/an/an/an/a1,2407061,1821,2551,0349762,1031,031n/an/an/an/a
Operating Segments2,3543,6964,7995,808n/an/an/an/an/an/an/an/an/an/an/an/a
U.S.n/an/an/an/a1,9471,8962,0272,8042,8383,224n/an/an/an/an/an/a
Group Benefits FY2021 to FY2025Operating Segments FY2009 to FY2012U.S. FY2015 to FY2020RIS FY2021 to FY2025Asia FY2015 to FY2025Latin America FY2015 to FY2025EMEA FY2015 to FY2025MIM FY2023 to FY2025MetLife Holdings FY2015 to FY2022Corporate and Other FY2015 to FY2021
2,354FY20094,799FY20114,030FY20154,338FY20175,945FY20198,098FY20215,820FY20236,430FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Group Benefits37%26%
RIS29%26%
Asia17%26%
Latin America11%12%
EMEA4%6%
MIM1%3%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Cash flow

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Metlife: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow9,90210,7023,8037,99610,29017,16016,13116,37614,05214,77412,28311,73813,78611,63912,34713,04413,72114,59817,09213,991
Cash from investing-10,644-2,671-13,935-18,314-22,235-11,929-15,165-15,055-10,398-5,850-16,876-5,634-17,586-18,569-11,187-2,620-10,246-11,493-15,607-22,117
Cash from financing3,9426,189-4,10313,3819,38235.0-8,9072,256-1,218-3,497-906-2,8014,56810,729-1,126-9,948-2,940-3,1311637,806
Depreciation and amortisationn/an/an/a193259358267244271263258238249235223210200209200n/a
Share-based compensationn/a12369.084.014416817517613714712886.0150127173184171168131n/a
Buybacks1,7051,2500.00.0n/a0.00.01,0001,9303722,9273,9922,2851,1514,3033,3263,1033,2072,8832,588
Dividends paid5415926107847878111,1191,4991,6531,7361,7171,6781,6431,6571,6471,5981,5661,5271,5091,509
Dividend per share$0.74$0.74$0.74$0.74$0.74$0.74$1.01$1.33$1.48$1.57$1.60$1.66$1.74$1.82$1.90$1.98$2.06$2.15$2.25n/a
Diluted shares, weightedn/a745m818m890m1,068m1,077m1,116m1,142m1,128m1,108m1,078m1,014m944m913m869m809m762m711m673m640m
Shares outstanding at period endn/a794m819m986m1,058m1,092m1,122m1,132m1,098m1,096m1,044m959m915m893m826m779m731m689m655m631m
Filing10-K10-K8-K10-K8-K10-K10-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity36,98523,73433,12146,85357,51964,45361,55372,20868,09867,53158,67652,74166,14474,55867,48229,88130,01527,44528,39822,226
Non-controlling interestn/a251377365370384543507470171194217238259267244238258282293
Redeemable equityn/an/an/an/an/a12188799.077.00.0n/an/an/an/an/an/an/a0.0241195
Depositsn/a6,88410,21110,31610,5076,4160.0n/an/an/an/an/an/an/an/an/an/an/an/an/a
Short-term borrowingsn/a2,659912306686100175100100242477268235393341175119465355289
Debtn/a9,66713,22027,58623,692n/a18,65316,28617,93616,44115,68612,82913,46614,60313,93314,64715,54815,08614,46714,301
Other liabilitiesn/a458,483481,473642,823703,452765,307803,485813,137791,252814,379644,859621,483660,380705,333677,685618,125641,664634,203701,423707,304
Total liabilities and equityn/a501,678539,314728,249796,226836,781885,296902,337877,933898,764719,892687,538740,463795,146759,708663,072687,584677,457745,166744,608
Owned
Goodwill4,8145,0085,04711,78111,9359,95310,2229,6129,2179,2209,5909,4229,30810,1129,5359,2979,2368,9019,6139,544
Intangible assets7068227921,0941,2641,1088016925835094593843351,099972876794710636n/a
Investmentsn/a13,8788,3749,387292,896318,567296,966305,6197,4676,5234,8703,9373,8503,9047,1764,9356,0455,1563,6017,879
Loansn/an/an/a52,13653,77753,92655,76759,53059,26464,60168,21175,45380,28283,75479,22683,763n/an/an/an/a
Trading assetsn/a9464204634736596627044040.016,74512,61613,10213,31912,1429,66810,33110,67213,95915,516
Cash and equivalents9,96124,13110,02412,95710,46115,7386,4889,20511,18212,65112,70115,82116,59819,79520,04720,19520,63920,06822,03219,786
Other assetsn/a456,893514,657640,431425,420436,830514,390516,975789,816805,260607,316569,905616,988663,163630,610534,338640,539631,950695,325691,883
Total assetsn/a501,678539,314728,249796,226836,781885,296902,337877,933898,764719,892687,538740,463795,146759,708663,072687,584677,457745,166744,608
Filing10-K10-K8-K10-K8-K10-K10-K8-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded2.3%2.6%3.9%14.8%
Profit growth, compounded-4.5%-9.0%-13.8%33.5%
Return on equity, average9.5%12.2%11.1%11.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Metlife's revenue in fiscal 2025?

Metlife (MET) reported revenue of $77.1 billion for fiscal 2025, the year ended 31 December 2025, up 8.6% on the year before.

How much did Metlife earn in fiscal 2025?

Net income was $3.4 billion for fiscal 2025, and diluted earnings per share $4.71.

What is Metlife's P/E ratio?

At the close of 6 November 2026, Metlife traded at 12.8 times its earnings over the twelve months to 30 September 2026.

What is Metlife's market cap?

The market cap of Metlife was $62.0 billion at the close of 6 November 2026.

Does Metlife pay a dividend?

Yes. Metlife declared $2.32 a share in dividends over the four quarters to 30 September 2026.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Manulife Financial Corporation MFC *$72.5 billion19.6611.1%n/an/a0.153.3%
Metlife Inc. MET$62.0 billion12.8023.1%8.2%14.8%0.642.4%
Prudential Financial Inc. PRU$40.9 billion10.8613.1%7.8%6.5%0.674.7%
Sun Life Financial Inc. SLF *$39.6 billion16.2414.5%n/a8.0%0.333.7%
Reinsurance Group of America Inc. RGA$17.0 billion10.1214.7%8.0%22.5%0.461.4%
Corebridge Financial, Inc. CRBG$15.0 billion7.3132.7%16.6%13.3%0.832.9%
Globe Life Inc. GL$14.5 billion10.5317.9%23.3%5.6%0.450.8%
Voya Financial, Inc. VOYA$8.9 billion15.9216.4%8.9%-0.3%0.551.9%
Primerica, Inc. PRI$8.9 billion11.4828.2%29.4%8.3%0.211.6%
Jackson Financial Inc. JXN$8.7 billion10.7310.4%56.7%34.1%0.332.7%
Lincoln National Corp. LNC$7.6 billion2.4835.2%20.0%10.3%0.684.5%
Genworth Financial Inc. GNW$3.2 billion67.000.6%3.3%-0.6%0.17n/a
All 112 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.23 trillion14.3611.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$353.2 billion22.5115.3%5.3%3.3%0.712.3%
Chubb Ltd. CB$139.6 billion12.7715.3%22.3%5.7%0.251.1%
Progressive Corp. PGR$132.0 billion11.4833.7%16.0%7.7%0.246.1%
Marsh & McLennan Companies, Inc. MRSH$97.3 billion24.4927.1%21.4%7.6%1.271.8%
Elevance Health, Inc. ELV$92.0 billion18.1511.5%2.7%3.6%0.691.6%
Travelers Companies, Inc. TRV$81.0 billion10.3128.7%21.2%1.1%0.341.2%
Cigna Group CI$77.4 billion12.9613.8%3.4%6.8%0.722.1%
Manulife Financial Corporation MFC *$72.5 billion19.6611.1%n/an/a0.153.3%
Arthur J. Gallagher & Co. AJG$72.2 billion43.067.1%13.1%25.6%0.541.0%
Aon plc AON$71.0 billion18.3438.9%26.3%3.8%2.610.9%
Allstate Corp. ALL$63.4 billion5.7735.9%21.1%5.1%0.231.7%
Metlife Inc. MET$62.0 billion12.8023.1%8.2%14.8%0.642.4%
Aflac Inc. AFL$61.5 billion18.2412.0%25.9%-6.2%0.281.9%
Humana Inc. HUM$52.1 billion42.176.6%1.5%22.0%0.660.8%
Prudential Financial Inc. PRU$40.9 billion10.8613.1%7.8%6.5%0.674.7%
American International Group, Inc. AIG$40.3 billion12.668.5%14.5%1.2%0.222.4%
Sun Life Financial Inc. SLF *$39.6 billion16.2414.5%n/a8.0%0.333.7%
Hartford Insurance Group, Inc. HIG$35.8 billion8.1124.4%18.2%6.2%0.231.8%
Arch Capital Group Ltd. ACGL$34.9 billion8.7819.0%25.9%-3.9%0.194.7%
Centene Corp. CNC$34.5 billion23.886.6%0.5%9.7%0.70n/a
Everest Group, Ltd. EG$30.6 billion8.6913.3%13.9%-8.7%n/a1.9%
Willis Towers Watson plc WTW$30.3 billion20.0720.1%22.0%4.8%0.841.2%
Cincinnati Financial Corp. CINF$28.5 billion10.8816.5%24.8%9.9%0.052.0%
W. R. Berkley Corp. WRB$27.9 billion15.9119.4%n/a1.5%n/a2.5%
Markel Group Inc. MKL$23.7 billion13.779.7%15.7%2.5%0.24n/a
Principal Financial Group Inc. PFG$23.6 billion12.3516.7%14.7%5.2%0.372.9%
Brown & Brown, Inc. BRO$23.6 billion22.829.7%n/a26.1%0.620.9%
Loews Corp. L$22.2 billion15.208.1%10.8%2.8%0.460.2%
Reinsurance Group of America Inc. RGA$17.0 billion10.1214.7%8.0%22.5%0.461.4%
Assurant, Inc. AIZ$15.1 billion14.4517.9%9.8%9.4%n/a1.1%
Corebridge Financial, Inc. CRBG$15.0 billion7.3132.7%16.6%13.3%0.832.9%
Globe Life Inc. GL$14.5 billion10.5317.9%23.3%5.6%0.450.8%
Renaissancere Holdings Ltd. RNR$14.2 billion9.7813.8%30.1%-20.9%0.210.5%
Equitable Holdings, Inc. EQH$14.1 billion10.11n/a16.3%8.6%n/a2.2%
CNA Financial Corp. CNA$12.8 billion12.4710.1%8.5%2.1%0.248.2%
American Financial Group Inc. AFG$12.8 billion12.6121.6%15.2%3.3%0.394.5%
Erie Indemnity Co. ERIE$12.6 billion24.7822.6%17.9%2.0%n/a2.1%
Unum Group UNM$11.9 billion54.432.3%2.4%-4.2%0.352.5%
Fidelity National Financial, Inc. FNF$11.7 billion11.2114.2%17.0%6.4%0.594.7%
Molina Healthcare, Inc. MOH$10.8 billionn/a-1.2%0.4%-0.9%0.91n/a
Oscar Health, Inc. OSCR$9.5 billion12.6638.5%5.4%54.8%0.19n/a
Old Republic International Corp. ORI$9.5 billion8.9218.8%13.8%12.5%n/a9.2%
Voya Financial, Inc. VOYA$8.9 billion15.9216.4%8.9%-0.3%0.551.9%
Primerica, Inc. PRI$8.9 billion11.4828.2%29.4%8.3%0.211.6%
Jackson Financial Inc. JXN$8.7 billion10.7310.4%56.7%34.1%0.332.7%
Kinsale Capital Group, Inc. KNSL$8.6 billion16.7227.4%33.7%8.3%0.120.2%
Hanover Insurance Group, Inc. THG$8.3 billion11.6121.8%15.2%5.0%0.25n/a
Axis Capital Holdings Ltd. AXS$7.6 billion8.0616.1%17.5%9.8%0.211.7%
Lincoln National Corp. LNC$7.6 billion2.4835.2%20.0%10.3%0.684.5%
First American Financial Corp. FAF$6.8 billion9.4413.6%11.9%14.1%n/a3.3%
Enact Holdings, Inc. ACT$6.3 billion9.6713.1%68.5%2.5%0.141.9%
RLI Corp. RLI$6.3 billion15.9323.3%25.8%4.6%0.183.9%
Hagerty, Inc. HGTY$6.2 billionn/a23.4%4.5%-0.9%0.96n/a
Selective Insurance Group Inc. SIGI$5.9 billion11.9514.8%11.9%4.0%0.261.7%
Mgic Investment Corp. MTG$5.8 billion8.8914.3%73.2%-2.2%n/a2.2%
Essent Group Ltd. ESNT$5.6 billion8.6712.2%59.2%9.6%n/a2.1%
White Mountains Insurance Group Ltd. WTM$5.4 billion5.9518.1%30.7%44.9%0.170.0%
CNO Financial Group, Inc. CNO$5.1 billion12.6618.0%14.8%2.3%0.581.2%
Radian Group Inc. RDN$4.7 billion8.8112.0%38.3%65.3%0.132.8%
Mercury General Corp. MCY$4.6 billion7.1222.9%12.9%5.4%0.201.5%
Accelerant Holdings ARX$4.3 billionn/a-180.6%-110.8%n/a0.17n/a
Corvel Corp. CRVL$4.2 billion34.9428.2%n/a8.3%n/an/a
Palomar Holdings, Inc. PLMR$4.1 billion19.5122.0%22.8%58.5%0.30n/a
Neptune Insurance Holdings Inc. NP$3.9 billion90.02n/a41.3%n/an/an/a
Hamilton Insurance Group, Ltd. HG$3.6 billion7.0631.2%28.3%14.8%0.05n/a
Assured Guaranty Ltd. AGO$3.2 billion10.406.0%33.8%-4.2%0.322.0%
Genworth Financial Inc. GNW$3.2 billion67.000.6%3.3%-0.6%0.17n/a
Lemonade, Inc. LMND$3.1 billionn/a-30.6%-12.6%69.5%n/an/a
F&G Annuities & Life, Inc. FG$3.1 billion3.1023.8%n/a-0.4%0.514.3%
Slide Insurance Holdings, Inc. SLDE$3.0 billion5.8944.8%50.4%n/a0.02n/a
SiriusPoint Ltd. SPNT$3.0 billion6.4022.5%17.6%18.1%0.30n/a
Baldwin Insurance Group, Inc. BWIN$3.0 billionn/a-9.2%-6.9%18.9%2.67n/a
NMI Holdings, Inc. NMIH$2.9 billion7.6614.5%68.1%6.9%n/an/a
Skyward Specialty Insurance Group, Inc. SKWD$2.7 billion14.0715.0%13.5%35.3%0.33n/a
Porch Group, Inc. PRCH$2.6 billion246.38127.2%7.7%23.4%53.60n/a
Clover Health Investments, Corp. CLOV$2.6 billion483.003.2%0.5%54.5%0.00n/a
Brighthouse Financial, Inc. BHF$2.5 billion4.3713.6%14.0%-9.4%0.63n/a
HCI Group, Inc. HCI$2.3 billion7.5229.3%49.6%20.1%0.030.9%
Horace Mann Educators Corp. HMN$2.2 billion12.4112.5%12.5%4.2%0.422.7%
Goosehead Insurance, Inc. GSHD$2.0 billion40.58n/a23.3%17.7%n/an/a
Kemper Corp. KMPR$2.0 billionn/a-22.6%n/a-4.5%0.433.8%
Trupanion, Inc. TRUP$1.6 billion60.316.7%1.8%11.4%0.26n/a
Alignment Healthcare, Inc. ALHC$1.5 billion56.3810.4%0.9%35.9%1.17n/a
Safety Insurance Group Inc. SAFT$1.5 billion21.828.2%7.0%4.6%0.063.5%
Twfg, Inc. TWFG$1.5 billion47.5117.4%17.3%36.2%0.05n/a
Stewart Information Services Corp. STC$1.4 billion11.777.2%5.2%20.5%0.394.5%
Universal Insurance Holdings, Inc. UVE$1.3 billion5.8336.0%19.0%5.5%0.151.3%
United Fire Group Inc. UFCS$1.2 billion9.1014.6%11.5%11.6%0.161.6%
Ategrity Specialty Insurance Co. Holdings ASIC$1.2 billion12.1715.0%24.4%n/an/a0.0%
Bowhead Specialty Holdings Inc. BOW$1.1 billion19.1513.3%11.7%23.8%0.33n/a
Heritage Insurance Holdings, Inc. HRTG$983 million4.6736.1%34.1%2.3%0.12n/a
Hippo Holdings Inc. HIPO$929 million28.826.8%6.2%20.6%n/an/a
Employers Holdings, Inc. EIG$832 million25.993.5%4.1%-13.0%0.162.8%
Donegal Group Inc. DGICA$701 million10.0210.5%8.9%-3.4%n/a4.0%
Root, Inc. ROOT$659 million9.1324.8%6.7%7.9%0.60n/a
Ethos Technologies Inc. LIFE$558 millionn/a-23.0%-16.1%n/an/an/a
Crawford & Co. CRD-A$554 million21.9414.1%3.9%-3.6%0.81n/a
American Integrity Insurance Group, Inc. AII$528 million5.9923.8%36.2%29.3%0.00n/a
Greenlight Capital RE, Ltd. GLRE$522 million9.458.4%8.8%3.7%0.01n/a
Investors Title Co. ITIC$483 million11.9814.1%17.7%8.7%n/a4.1%
American Coastal Insurance Corp. ACIC$475 million5.7424.5%37.7%-5.3%0.427.5%
Amerisafe Inc. AMSF$363 million9.1017.0%15.0%7.7%n/a8.3%
NI Holdings, Inc. NODK$311 million21.266.1%7.7%-12.9%0.01n/a
Kingstone Companies, Inc. KINS$296 million7.1230.7%21.2%24.5%0.030.8%
Mbia Inc. MBI$235 millionn/an/a-155.2%18.0%n/an/a
Kingsway Corp. KWY$230 millionn/a-79.5%0.7%23.6%5.13n/a
Octave Specialty Group Inc. OSG$226 millionn/a-23.0%-24.3%26.8%0.22n/a
Citizens, Inc. CIA$208 million25.694.0%3.8%4.1%n/an/a
James River Group Holdings, Inc. JRVR$180 million10.145.8%3.8%-1.8%n/a1.0%
Roadzen Inc. RDZN$100 millionn/an/a-21.6%30.5%n/an/a
Ryan Specialty Holdings, Inc. RYANn/an/a23.4%15.6%9.8%8.231.1%
14 companies share its SEC industry code (Life Insurance); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on MET

Dividends$2.321 a share over the four quarters to 30 September 2026, a 2.36% yield
Filings26 in twelve months: 19 current reports (8-K), about 11 regulation FD disclosure; 11 other events; 4 results of operations; 1 shareholder vote; 1 new financial obligation
Planned insider sales31 Form 144 notices in twelve months, $2.2 million; latest 6 October 2026
Options tapeput/call 1.41 by open interest at the 6 November 2026 close; the straddle prices a 4.8% move to 20 November 2026
13F holders1,454 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest10.8 million shares short, 3.28 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20266 November 2026EDGAR
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202421 February 2025EDGAR
10-Q30 September 20241 November 2024EDGAR
10-Q30 June 20241 August 2024EDGAR

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