Metlife (MET) FY2024 results: revenue $71.0 billion, up 6.1% on the year
Metlife Inc. (MET) reported revenue of $71.0 billion for fiscal 2024, the year ended 31 December 2024, up 6.1% on the year before. Net income was $4.4 billion, up 180.5%, and diluted earnings per share $5.94. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$71.0 billion
+6.1% on the year
FY2017FY2024
Operating margin
8.4%
8.6% a year earlier
FY2017FY2024
Net income
$4.4 billion
+180.5% on the year
FY2017FY2024
Diluted EPS
$5.94
+228.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
14,598
13,721
13,044
+6.4%
Cash from investing
-11,493
-10,246
-2,620
Cash from financing
-3,131
-2,940
-9,948
Depreciation and amortisation
209
200
210
+4.5%
Share-based compensation
168
171
184
-1.8%
Buybacks
3,207
3,103
3,326
+3.4%
Dividends paid
1,527
1,566
1,598
-2.5%
Dividend per share
$2.15
$2.06
$1.98
+4.6%
Diluted shares, weighted
711m
762m
809m
-6.7%
Shares outstanding at period end
689m
731m
779m
-5.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
27,445
30,015
29,881
-8.6%
Non-controlling interest
258
238
244
+8.4%
Redeemable equity
0.0
n/a
n/a
Short-term borrowings
465
119
175
+290.8%
Debt
15,086
15,548
14,647
-3.0%
Other liabilities
634,203
641,664
618,125
-1.2%
Total liabilities and equity
677,457
687,584
663,072
-1.5%
Goodwill
8,901
9,236
9,297
-3.6%
Intangible assets
710
794
876
-10.6%
Investments
5,156
6,045
4,935
-14.7%
Loans
n/a
n/a
83,763
Trading assets
10,672
10,331
9,668
+3.3%
Cash and equivalents
20,068
20,639
20,195
-2.8%
Other assets
631,950
640,539
534,338
-1.3%
Total assets
677,457
687,584
663,072
-1.5%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.