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MET logoMetLife, Inc.(MET)Earnings, Financials & Key Ratios

MET•NYSE•Insurance & Managed Care
$79.90
$52.79B mkt cap·13.5× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryLife InsuranceSub-IndustryDiversified global life and asset managers
AboutMetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements. It also provides pension risk transfers, institutional income annuities, structured settlements, and capital markets investment products; and other products and services, such as life insurance products and funding agreements for funding postretirement benefits, as well as company, bank, or trust-owned life insurance used to finance nonqualified benefit programs for executives. In addition, it provides fixed, indexed-linked, and variable annuities; and pension products; regular savings products; whole and term life, endowments, universal and variable life, and group life products; longevity reinsurance solutions; credit insurance products; and protection against long-term health care services. MetLife, Inc. was founded in 1863 and is headquartered in New York, New York.Show more
  • Revenue$69.94B+3.3%
  • Combined Ratio91.96%-5.0%
  • Net Income$4.43B+180.5%
  • Return on Equity15.27%+192.2%
  • Medical Cost Ratio72.83%-2.2%
  • Operating Margin8.04%+151.7%
  • Net Margin6.33%+171.5%
  • ROA0.65%+177.5%
  • Equity / Assets4.09%-7.1%
  • Book Value per Share38.96-1.8%
  • Tangible BV/Share26.44-4.1%
  • Debt/Equity0.68+8.5%
Analysis→Technical→

MET Key Insights

MetLife, Inc. (MET) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 92.0% combined ratio
  • ✓Strong Piotroski F-Score: 7/9
  • ✓12 consecutive years of dividend growth
  • ✓Healthy dividend yield of 2.7%
  • ✓Share count reduced 6.7% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MET Price & Volume

MetLife, Inc. (MET) stock price & volume — 10-year historical chart

Loading chart...

MET Growth Metrics

MetLife, Inc. (MET) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-0.47%
5 Years0.09%
3 Years3.34%
TTM0.06%

Profit CAGR

10 Years-3.48%
5 Years-5.58%
3 Years-13.57%
TTM2.1%

EPS CAGR

10 Years0.92%
5 Years-0.4%
3 Years-8.09%
TTM7.06%

Return on Capital

10 Years0.76%
5 Years0.81%
3 Years0.68%
Last Year0.82%

MET Recent Earnings

MetLife, Inc. (MET) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 1/12 qtrs (8%)
Q1 2026Latest
Feb 4, 2026
EPS
$2.58
Est $2.34
+10.3%
Revenue
$23.8B
Est $27.2B
-12.5%
Q4 2025
Nov 5, 2025
EPS
$2.34
Est $2.31
+1.3%
Revenue
$16.9B
Est $18.6B
-9.4%
Q3 2025
Aug 6, 2025
EPS
$2.02
Est $2.15
-6.0%
Revenue
$17.3B
Est $18.5B
-6.4%
Q2 2025
Apr 30, 2025
EPS
$1.96
Est $2.00
-2.0%
Revenue
$18.3B
Est $18.4B
-0.5%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 4, 2026
$2.58vs $2.34+10.3%
$23.8Bvs $27.2B-12.5%
Q4 2025Nov 5, 2025
$2.34vs $2.31+1.3%
$16.9Bvs $18.6B-9.4%
Q3 2025Aug 6, 2025
$2.02vs $2.15-6.0%
$17.3Bvs $18.5B-6.4%
Q2 2025Apr 30, 2025
$1.96vs $2.00-2.0%
$18.3Bvs $18.4B-0.5%
Based on last 12 quarters of dataView full earnings history →

MET Peer Comparison

MetLife, Inc. (MET) competitors in Diversified global life and asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PRU logoPRUPrudential Financial, Inc.Direct Competitor34.89B100.279.81-14.01%5.87%10.54%17.97%0.94
LNC logoLNCLincoln National CorporationDirect Competitor6.4B37.542.0453.61%11.43%20.18%0.77
UNM logoUNMUnum GroupDirect Competitor13.05B80.8318.892.07%5.87%7.07%4.25%0.35
PFG logoPFGPrincipal Financial Group, Inc.Direct Competitor21.86B100.8719.21-3.11%7.58%9.89%20.31%0.34
EQH logoEQHEquitable Holdings, Inc.Direct Competitor12.4B44.04-9.12-6.21%-12.55%-49.32%5.48%3.67
GNW logoGNWGenworth Financial, Inc.Direct Competitor3.44B8.8716.43-10.86%3.25%2.28%9.52%0.15
AFL logoAFLAflac IncorporatedProduct Competitor58.97B114.4616.76-8.84%21%13.05%4.33%0.29
GL logoGLGlobe Life Inc.Product Competitor12.09B154.1410.963.82%19.36%20.64%10.37%0.44

Compare MET vs Peers

MetLife, Inc. (MET) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PRU

Most directly comparable listed peer for MET.

Scale Benchmark

vs MS

Larger-name benchmark to compare MET against a more recognizable public peer.

Peer Set

Compare Top 5

vs PRU, LNC, UNM, PFG

MET Income Statement

MetLife, Inc. (MET) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue60.53B62.31B67.94B69.62B67.89B63.37B67.97B67.71B69.94B70.76B
Revenue Growth %-1.33%2.94%9.04%2.47%-2.49%-6.66%7.26%-0.38%3.29%0.06%
Medical Costs & Claims46.57B48.85B52.04B53.43B52.42B46.53B49.03B50.42B50.94B53.7B
Medical Cost Ratio %76.94%78.39%76.6%76.75%77.21%73.43%72.14%74.47%72.83%75.89%
Gross Profit
13.96B▲ 0%
13.46B▼ 3.5%
15.9B▲ 18.1%
16.19B▲ 1.8%
15.47B▼ 4.4%
16.84B▲ 8.8%
18.94B▲ 12.5%
17.29B▼ 8.7%
19B▲ 9.9%
17.06B▲ 0%
Gross Margin %23.06%21.61%23.4%23.25%22.79%26.57%27.86%25.53%27.17%24.11%
Gross Profit Growth %-13.69%-3.53%18.11%1.82%-4.45%8.83%12.48%-8.7%9.89%-
Operating Expenses9.67B9.93B9.59B9.39B8.54B8.32B12.57B15.13B13.38B12.14B
OpEx / Revenue %15.98%15.93%14.12%13.49%12.58%13.13%18.5%22.34%19.13%17.15%
Depreciation & Amortization652M795M628M630M619M694M673M718M714M0
Combined Ratio %92.93%94.32%90.72%90.24%89.8%86.56%90.64%96.81%91.96%93.04%
Operating Income
4.28B▲ 0%
3.54B▼ 17.4%
6.31B▲ 78.4%
6.79B▲ 7.7%
6.93B▲ 1.9%
8.52B▲ 23.0%
6.36B▼ 25.3%
2.16B▼ 66.0%
5.62B▲ 160.0%
4.92B▲ 0%
Operating Margin %7.07%5.68%9.28%9.76%10.2%13.44%9.36%3.19%8.04%6.96%
Operating Income Growth %-24.24%-17.4%78.37%7.74%1.94%22.97%-25.29%-66.03%160.04%-
EBITDA4.93B4.33B6.93B7.42B7.55B9.21B7.04B2.88B6.34B5.98B
EBITDA Margin %8.15%6.95%10.21%10.67%11.12%14.54%10.35%4.25%9.06%8.45%
Interest Expense1.16B1.13B1.12B955M913M920M938M1.04B1.04B1.06B
Non-Operating Income-1.16B-1.13B-1.12B-955M-913M-920M-938M-1.04B-1.04B-1.06B
Pretax Income
4.28B▲ 0%
3.54B▼ 17.4%
6.31B▲ 78.4%
6.79B▲ 7.7%
6.93B▲ 1.9%
8.52B▲ 23.0%
6.36B▼ 25.3%
2.16B▼ 66.0%
5.62B▲ 160.0%
4.92B▲ 0%
Pretax Margin %7.07%5.68%9.28%9.76%10.2%13.44%9.36%3.19%8.04%6.96%
Income Tax693M-1.47B1.18B886M1.51B1.64B1.06B560M1.18B1.06B
Effective Tax Rate %16.19%-41.57%18.69%13.04%21.78%19.28%16.69%25.9%20.95%21.58%
Net Income
850M▲ 0%
4.01B▲ 371.8%
5.12B▲ 27.8%
5.9B▲ 15.1%
5.41B▼ 8.3%
6.86B▲ 26.8%
5.28B▼ 22.9%
1.58B▼ 70.1%
4.43B▲ 180.5%
3.84B▲ 0%
Net Margin %1.4%6.44%7.54%8.47%7.96%10.82%7.77%2.33%6.33%5.43%
Net Income Growth %-84.18%371.76%27.76%15.15%-8.34%26.78%-22.92%-70.14%180.48%2.1%
EPS (Diluted)
0.67▲ 0%
3.74▲ 458.2%
4.91▲ 31.3%
6.06▲ 23.4%
5.68▼ 6.3%
7.65▲ 34.7%
6.30▼ 17.6%
1.81▼ 71.3%
5.94▲ 228.2%
5.74▲ 0%
EPS Growth %-85.34%458.21%31.28%23.42%-6.27%34.68%-17.65%-71.27%228.18%7.06%
EPS (Basic)0.683.744.956.105.727.706.351.825.98-
Diluted Shares Outstanding1.1B1.04B1.01B944.4M913.2M869.4M808.9M762.43M711.1M669.1M

MET Balance Sheet

MetLife, Inc. (MET) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets898.76B719.89B687.54B740.46B795.15B759.71B663.07B687.58B677.46B719.73B
Asset Growth %2.37%-19.9%-4.49%7.7%7.38%-4.46%-12.72%3.7%-1.47%6.16%
Total Investment Assets667.65B313.8B436.21B473.8B508.52B494.82B433.29B434.34B435.38B4M
Long-Term Investments368.67B0134.01B142.13B149.81B375.49B151.58B152.93B314.67B1.31T
Short-Term Investments298.98B313.8B302.2B331.67B358.71B347.45B281.71B281.41B80.5B94.54B
Total Current Assets37.95B21.09B23.34B368.71B396.38B55.36B296.98B331.21B69.76B0
Cash & Equivalents12.65B12.7B15.82B16.6B19.8B20.05B20.2B20.64B20.07B20.23B
Receivables15.46B18.42B19.64B20.44B17.87B17.33B17.41B30.2B30.77B137.18B
Other Current Assets-289.15B-323.83B-16.06B00-329.47B-22.34B-1.03B-61.58B-156.18B
Goodwill & Intangibles9.22B9.59B9.42B9.31B10.11B9.54B9.3B9.24B8.9B36.17B
Goodwill9.22B9.59B9.42B9.31B10.11B9.54B9.3B9.24B8.9B9.1B
Intangible Assets0000000000
PP&E (Net)2.4B02.6B2.79B2.8B03.46B3.56B1.85B1.62B
Other Assets-7.51B0513.18B569.64B612.63B-385.02B476.1B154.21B-325.42B-351.43B
Total Liabilities831.06B661.02B634.58B674.08B720.33B691.96B632.95B657.33B649.75B690.53B
Total Debt21.13B19.31B16.24B16.85B18.15B17.43B17.98B18.83B18.71B19.83B
Net Debt7.2B6.61B423M253M-1.65B-2.62B-2.21B-1.81B-1.35B-401M
Long-Term Debt20.88B19.95B15.98B16.62B17.76B17.09B17.75B18.68B18.24B19.45B
Short-Term Debt242M477M268M235M393M341M175M119M465M378M
Total Current Liabilities026.51B25.5B235M393M32.28B0119M00
Accounts Payable0000000000
Deferred Revenue0000002.83B000
Other Current Liabilities-938M25.04B24.12B-1.04B-716M29.77B-3.39B-386M-850M-747M
Deferred Taxes01000K01000K1000K1000K1000K1000K1000K1.57B
Other Liabilities810.18B607.79B618.6B648.37B691.57B616.78B615.14B637B607.23B689.21B
Total Equity
67.7B▲ 0%
58.87B▼ 13.0%
52.96B▼ 10.0%
66.38B▲ 25.3%
74.82B▲ 12.7%
67.75B▼ 9.4%
30.13B▼ 55.5%
30.25B▲ 0.4%
27.7B▼ 8.4%
29.19B▲ 0%
Equity Growth %-1.16%-13.05%-10.04%25.35%12.71%-9.45%-55.53%0.42%-8.43%-16.97%
Shareholders Equity67.53B58.68B52.74B66.14B74.56B67.48B29.88B30.02B27.45B28.94B
Minority Interest171M194M217M238M259M267M244M238M258M247M
Retained Earnings34.68B26.53B28.93B33.08B36.49B41.2B40.33B40.15B42.63B43.89B
Common Stock12M12M12M12M12M12M12M12M12M12M
Accumulated OCI5.37B7.43B1.72B13.05B18.07B10.92B-22.62B-19.24B-21.19B-17.57B
Return on Equity (ROE)1.25%6.34%9.16%9.89%7.66%9.62%10.8%5.23%15.27%13.16%
Return on Assets (ROA)0.1%0.5%0.73%0.83%0.7%0.88%0.74%0.23%0.65%0.53%
Equity / Assets7.53%8.18%7.7%8.96%9.41%8.92%4.54%4.4%4.09%4.06%
Debt / Equity0.31x0.33x0.31x0.25x0.24x0.26x0.60x0.62x0.68x0.68x
Book Value per Share61.8056.4152.2370.2981.9377.9337.2439.6838.9643.63
Tangible BV per Share53.3847.2242.9460.4370.8666.9625.7527.5726.4430.03

MET Cash Flow Statement

MetLife, Inc. (MET) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations14.66B12.72B9.53B13.93B11.51B12.83B11.37B14.26B15.12B15.12B
Operating CF Growth %9.88%-13.26%-25.1%46.18%-17.36%11.46%-11.34%25.38%6%20.95%
Operating CF / Revenue %24.23%20.41%14.02%20%16.95%20.24%16.73%21.06%21.61%21.36%
Net Income3.58B5B5.12B5.9B5.41B6.55B5.28B1.58B4.43B3.84B
Depreciation & Amortization0000000000
Stock-Based Compensation0000000000
Deferred Taxes0000000000
Other Non-Cash Items3.36B1.68B-1.59B462M1.38B3.64B4.19B10.5B8.84B10.35B
Working Capital Changes7.72B6.04B5.99B7.56B4.72B2.63B1.9B2.18B1.85B1.85B
Cash from Investing-5.85B-16.88B-5.63B-17.59B-18.57B-11.19B-2.62B-10.25B-11.49B-16.68B
Capital Expenditures000004.36B0-1.17B00
Acquisitions385M-1.28B0-1.08B-1.68B3.27B-709M-755M-358M-3M
Purchase of Investments-154.63B-115.47B-108.16B-91.79B-93.58B-109.32B-104.64B-84.27B-82.14B-69.36B
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K4M
Other Investing-9.03B-1.65B-7.61B-4.73B-2.36B-20.29B-5.7B-143M1.07B-20.81B
Cash from Financing-3.5B-906M-2.8B4.57B10.73B-1.38B-9.95B-2.94B-3.13B642M
Dividends Paid-1.84B-1.82B-1.82B-1.82B-1.86B-1.84B-1.78B-1.76B-1.73B-1.71B
Share Repurchases-372M-2.93B-3.99B-2.29B-2.15B-4.8B-3.33B-3.1B-3.21B-2.83B
Stock Issued001.27B01.96B00000
Debt Issuance (Net)-1000K-1000K-1000K1000K1000K-1000K1000K1000K-1000K0
Other Financing61M4.21B3.64B8.27B11.9B5.9B-5.72B1.05B2.79B4.86B
Net Change in Cash
-101M▲ 0%
50M▲ 149.5%
3.12B▲ 6140.0%
777M▼ 75.1%
3.2B▲ 311.5%
252M▼ 92.1%
148M▼ 41.3%
444M▲ 200.0%
-571M▼ 228.6%
-1.53B▲ 0%
Exchange Rate Effect-1000K1000K1000K-1000K-1000K-1000K1000K-1000K-1000K2M
Cash at Beginning12.75B12.65B12.7B15.82B16.6B19.8B20.05B20.2B20.64B22.18B
Cash at End17.88B12.7B15.82B16.6B19.8B20.05B20.2B20.64B20.07B20.23B
Free Cash Flow
14.66B▲ 0%
12.72B▼ 13.3%
9.53B▼ 25.1%
13.93B▲ 46.2%
11.51B▼ 17.4%
12.83B▲ 11.5%
11.37B▼ 11.3%
14.26B▲ 25.4%
15.12B▲ 6.0%
15.14B▲ 0%
FCF Growth %9.88%-13.26%-25.1%46.18%-17.36%11.46%-11.34%25.38%6%-3.58%
FCF Margin %24.23%20.41%14.02%20%16.95%20.24%16.73%21.06%21.61%21.4%
FCF per Share13.3812.199.414.7412.614.7514.0618.721.2621.26

MET Key Ratios

MetLife, Inc. (MET) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Combined Ratio92.93%94.32%90.72%90.24%89.8%86.56%90.64%96.81%91.96%93.04%
Medical Cost Ratio76.94%78.39%76.6%76.75%77.21%73.43%72.14%74.47%72.83%75.89%
Return on Equity (ROE)1.25%6.34%9.16%9.89%7.66%9.62%10.8%5.23%15.27%13.16%
Return on Assets (ROA)0.1%0.5%0.73%0.83%0.7%0.88%0.74%0.23%0.65%0.53%
Equity / Assets7.53%8.18%7.7%8.96%9.41%8.92%4.54%4.4%4.09%4.06%
Book Value / Share61.856.4152.2370.2981.9377.9337.2439.6838.9643.63
Debt / Equity0.31x0.33x0.31x0.25x0.24x0.26x0.60x0.62x0.68x0.68x
Revenue Growth-1.33%2.94%9.04%2.47%-2.49%-6.66%7.26%-0.38%3.29%0.06%

MET SEC Filings & Documents

MetLife, Inc. (MET) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 7, 2026·SEC

Material company update

Mar 5, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 21, 2025·SEC

10-Q Quarterly Reports

3
FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 1, 2025·SEC

MET Frequently Asked Questions

MetLife, Inc. (MET) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

MetLife, Inc. (MET) grew revenue by 3.3% over the past year. Growth has been modest.

Yes, MetLife, Inc. (MET) is profitable, generating $3.84B in net income for fiscal year 2024 (6.3% net margin).

Dividend & Returns

Yes, MetLife, Inc. (MET) pays a dividend with a yield of 2.69%. This makes it attractive for income-focused investors.

MetLife, Inc. (MET) has a return on equity (ROE) of 15.3%. This is reasonable for most industries.

Industry Metrics

MetLife, Inc. (MET) has a combined ratio of 92.0%. A ratio below 100% indicates underwriting profitability.

Explore More MET

MetLife, Inc. (MET) financial analysis — history, returns, DCA and operating performance tools

Full MET Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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