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MET-PA

MetLife, Inc.

MET-PA

MetLife, Inc. • NYSE
$22.25 ▲ 0.66% (+0.14)
Market Cap $43.22 B
52w High $25.43
52w Low $22.07
Dividend Yield 1.39%
P/E 2.85
Volume 63.04K
Outstanding Shares 1.94B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $16.881B ▼ $1.727B ▼ $896M ▲ 5.308% ▲ $1.23 ▲ $1.481B ▲
Q2-2025 $17.176B ▼ $3.56B ▲ $729M ▼ 4.244% ▼ $1.04 ▼ $1.249B ▼
Q1-2025 $18.263B ▼ $3.367B ▼ $945M ▼ 5.174% ▼ $1.29 ▼ $1.612B ▼
Q4-2024 $18.44B ▲ $3.483B ▲ $1.271B ▼ 6.893% ▼ $1.79 ▼ $1.64B ▼
Q3-2024 $18.298B $3.453B $1.342B 7.334% $1.82 $2.251B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $114.769B ▲ $719.726B ▲ $690.535B ▲ $28.944B ▲
Q2-2025 $112.685B ▲ $702.47B ▲ $674.543B ▲ $27.685B ▲
Q1-2025 $109.125B ▲ $688.316B ▲ $660.561B ▲ $27.493B ▲
Q4-2024 $100.57B ▼ $677.457B ▼ $649.754B ▼ $27.445B ▼
Q3-2024 $320.153B $704.976B $673.812B $30.885B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $0 ▼ $3.567B ▲ $-5.018B ▼ $-508M ▼ $-1.945B ▼ $3.567B ▲
Q2-2025 $729M ▼ $2.187B ▼ $-2.981B ▲ $1.449B ▲ $852M ▼ $2.187B ▼
Q1-2025 $945M ▼ $4.262B ▼ $-3.322B ▲ $220M ▲ $1.258B ▲ $4.262B ▼
Q4-2024 $1.271B ▼ $5.129B ▲ $-5.364B ▼ $-519M ▲ $-1.697B ▼ $5.129B ▲
Q3-2024 $1.342B $4.169B $-2.162B $-1.146B $979M $4.169B

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Administrative Service
Administrative Service
 $70.00M ▲$140.00M ▲$70.00M ▼$70.00M ▲
Distribution Service
Distribution Service
 $40.00M ▲$70.00M ▲$40.00M ▼$30.00M ▼
Feebased investment management services
Feebased investment management services
 $100.00M ▲$200.00M ▲$100.00M ▼$120.00M ▲
Other revenue from service contracts from customers
Other revenue from service contracts from customers
 $80.00M ▲$160.00M ▲$80.00M ▼$90.00M ▲
Prepaid legal plans and administrativeonly contracts
Prepaid legal plans and administrativeonly contracts
 $140.00M ▲$280.00M ▲$160.00M ▼$160.00M ▲
Vision fee for service arrangements
Vision fee for service arrangements
 $130.00M ▲$260.00M ▲$150.00M ▼$130.00M ▼

Five-Year Company Overview

Income Statement

Income Statement MetLife’s revenue base is large and fairly steady, with only modest ups and downs over the past five years. Profitability, however, is more volatile: earnings fell sharply two years ago, then recovered strongly in the most recent year, though not back to the prior peak. This pattern is typical for a global life insurer, where results are influenced by markets, interest rates, and claims experience. Overall, the latest year shows healthier margins and improved earnings compared with the recent low point, signaling solid underlying resiliency but also reminding that results can swing from year to year.

Balance Sheet

Balance Sheet The balance sheet is very large, as expected for a global life insurer, with assets remaining broadly stable over time. Cash and debt levels have been relatively steady, suggesting a consistent approach to funding and liquidity. Shareholders’ equity has trended lower compared with a few years ago, which likely reflects a mix of capital returns, interest-rate impacts on investment portfolios, and accounting effects. This means reported book value is thinner, and leverage looks higher, but that is not unusual for the sector and needs to be interpreted in the context of regulatory capital strength, not just headline balance sheet figures.

Cash Flow

Cash Flow MetLife generates strong and recurring cash flow from its operations, with a clear upward trend over the five-year period. The business is not capital‑intensive in terms of physical investment, so almost all operating cash flow effectively becomes free cash flow. This is a positive sign for financial flexibility, supporting the company’s ability to service obligations, invest in growth initiatives, and return capital when appropriate. The stability and growth of cash generation paint a more consistent picture than the sometimes choppy accounting earnings.

Competitive Edge

Competitive Edge MetLife holds a leading position in global life insurance and employee benefits, supported by a long-established brand and a broad international footprint. Its deep relationships with employers create meaningful switching costs, as changing benefit providers can be disruptive for both companies and employees. A diversified mix of life insurance, annuities, group benefits, and asset management reduces dependence on any single product or geography. Overall, the firm appears to have a solid, if not unassailable, competitive moat built on scale, trust, distribution reach, and embedded employer relationships.

Innovation and R&D

Innovation and R&D The company is actively modernizing its operations, investing in artificial intelligence, automation, data analytics, and digital platforms to improve customer experience and reduce costs. It is experimenting with tools that help agents understand customer emotions, apps that personalize insurance solutions, and platforms that give customers a unified view of their benefits and coverage. Strategic technology partnerships, including with large cloud and AI providers, help accelerate this transformation. MetLife’s multi‑year “New Frontier” strategy ties these efforts together, aiming to deepen its lead in group benefits, retirement solutions, asset management, and high‑growth international markets.

Summary

MetLife combines the scale and diversification of a global life insurer with solid cash generation and an improving profit picture after a weaker recent year. The firm’s reported earnings can be bumpy, and book value is sensitive to markets and interest rates, but the underlying cash flow trend is positive. Its long-standing brand, embedded role in employee benefits, and broad product set support a defensible competitive position. At the same time, ongoing digital and AI investments suggest a focus on efficiency and customer centricity, positioning the company to adapt as insurance and workplace benefits continue to evolve.