FirmAtlas
Company handbook · MET · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
MET · CIK 1099219 · LATEST FILING: 10-Q JUN '26 · FILED AUG 6, 2026
MetLife, Inc.
$100.76
+0.49 (+0.49%)
Close, Oct 16, 2026 · 52-week $67–102
Last fiscal year
MetLife, Inc. reported revenue of $2.4B for the year ended Dec 31, 2025 (FY25), up 8.5% from FY24. Net income was $3.4B. Source: 10-K filed Feb 19, 2026.
Market cap
$66.0B
P/E
18.2
P/B
2.4
Div yield
2.30%
Op. ROE
13.4%
Revenue 1Y
8.5%/yr
EPS 1Y
−20.7%/yr
Shares 1Y
−5%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOMichel A. Khalaf
HQNew York, NY
AuditorDeloitte & Touche LLP
Employees46,000
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
7.9%
9.0%
16.7%
29.4%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the earnings went · FY24–FY25
$7.8B net income
Dividends
$3.0B
38.9%
Buybacks
$6.1B
78.0%
Retained
−$1.3B
-16.9%
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Net premiums earned
44,945
49,779+10.8%
—
Net investment income
21,273
22,559+6.0%
—
Total revenue
2,245
2,436+8.5%
2,679
YoY
+8.5%
Losses & loss adjustment expenses
44,728
49,718+11.2%
—
Policy acquisition costs
1,912
2,018+5.5%
—
Pre-tax income
5,622
4,661−17.1%
—
Net income
4,426
3,379−23.7%
3,626
YoY
−23.7%
EPS (diluted, $)
5.94
4.71−20.7%
5.28
YoY
−20.7%
Balance sheet
Total assets
677,457
745,166+10.0%
759,372
Cash & short-term investments
25,224
25,633+1.6%
—
Investments
441,364
472,178+7.0%
—
Other assets
210,869
247,355+17.3%
—
Total liabilities
650,012
716,768+10.3%
731,931
Loss & LAE reserves
16,118
17,130+6.3%
—
Other liabilities
633,894
699,638+10.4%
—
Shareholders’ equity
27,445
28,398+3.5%
27,441
Shares outstanding (M)
689
655−4.9%
—
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
14,598
17,092+17.1%
15,558
Net income
4,444
3,403−23.4%
—
Depreciation & amortization
124
117−5.6%
—
Stock-based compensation
168
131−22.0%
—
Working capital & other
9,862
13,441+36.3%
—
Cash from investing
(11,493)
(15,607)n/m
—
Acquisitions
0
(738)n/m
—
Investments bought
(65,667)
(77,614)n/m
—
Investments sold / matured
55,650
59,471+6.9%
—
Other investing
(1,476)
3,274n/m
—
Cash from financing
(3,131)
163n/m
—
Debt raised
1,568
743−52.6%
—
Dividends
(1,527)
(1,509)n/m
—
Buybacks
(3,207)
(2,883)n/m
—
Shares issued
40
14−65.0%
—
Other financing
(5)
3,798n/m
—
Net change in cash
(571)
1,964n/m
—
Where the earnings went
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
621
600
734
724
vs year-ago quarter
Operating income
1,650
1,679
1,631
1,604
Net income
896
809
1,185
736
vs year-ago quarter
Net margin
144.3%
134.8%
161.4%
101.7%
EPS (diluted, $)
1.22
1.23
1.74
1.09
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
719,726
745,166
743,211
759,372
Cash & equivalents
20,233
25,633
22,687
19,301
Total debt
378
14,822
404
460
Shareholders’ equity
28,944
28,398
27,324
27,441
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
3,567
7,076
2,687
2,228