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MetLife MET

US equityMarket cap rank #258
$97.84
+$0.64 (+0.66%)
Market open · Sep 24, 2:00 pm ET
After hours $96.40 -0.83%
Open$97.33
Prev close$97.20
Day range$97.06 – $98.18
Volume1.44M
Market cap$62.18B
P/E (TTM)18.7
Dividend yield2.35%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$18.88B+9.9% YoY
Net profit$779.00M+6.0% YoY
Diluted EPS$1.09+5.8% YoY
Free cash flow$2.23B+1.9% YoY
Operating cash flow$2.23B

Revenue, last 8 quarters

$18.3BSep '24$18.6BDec '24$18.3BMar '25$17.2BJun '25$16.9BSep '25$23.3BDec '25$18.6BMar '26$18.9BJun '26

Net profit, last 8 quarters

$1.3BSep '24$1.3BDec '24$950.0MMar '25$735.0MJun '25$902.0MSep '25$816.0MDec '25$1.2BMar '26$779.0MJun '26

Diluted EPS by quarter

1.81Sep '241.78Dec '241.28Mar '251.03Jun '251.22Sep '251.17Dec '251.74Mar '261.09Jun '26

Free cash flow by quarter

$4.2BSep '24$4.6BDec '24$4.3BMar '25$2.2BJun '25$3.6BSep '25$7.1BDec '25$2.7BMar '26$2.2BJun '26

Annual revenue

$66.9BFY20$63.4BFY21$67.4BFY22$67.9BFY23$70.1BFY24$75.7BFY25

Profitability & balance sheet

Net margin4.4%
Return on equity12.5%
Return on assets0.5%
Liabilities / assets96.3%
Total debt$21.35B
Free cash flow / sales20.0%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Group Benefits$6.87B 33.7%
  • Retirement and Income Solutions (RIS)$3.99B 19.5%
  • Asia$3.07B 15.1%
  • Latin America$2.49B 12.2%
  • Corporate & Other$1.47B 7.2%
  • Unit-linked investment income$998.00M 4.9%
  • Europe, the Middle East, and Africa (EMEA)$873.00M 4.3%
  • Reinsurance activity$331.00M 1.6%
  • MetLife Investment Management, the Company’s institutional asset management business (MIM)$319.00M 1.6%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $19.15B $19.07B $77.08B $23.81B $17.36B
Total Operating Revenue $18.88B $18.62B $75.65B $23.29B $16.88B
Total Premiums Earned $11.44B $12.12B $49.78B $16.69B $10.56B
Fee Revenue and Other Income $2.22B $2.20B $7.83B $2.01B $1.97B
-Fees and Commissions $2.10B $2.08B $7.06B $1.48B $1.87B
-Other Income Expense $121.00M $118.00M $775.00M $521.00M $103.00M
Net Investment Income $5.68B $4.91B $19.12B $4.75B $4.59B
Net Realized Gain/Loss on Investments -$450.00M -$605.00M -$1.08B -$159.00M -$231.00M
Total Expenses $17.84B $17.11B $70.99B $22.17B $15.67B
Loss Adjustment Expense $11.35B $11.85B $49.06B $16.30B $10.21B
Policyholder Interest $3.07B $1.67B $8.95B $2.34B $2.56B
Policyholder Dividends $125.00M $124.00M $553.00M $129.00M $134.00M
Policy Acquisition Expense -$362.00M -$391.00M -$1.11B -$337.00M -$330.00M
Fees & Commission Expense $2.03B $2.03B $6.79B $1.87B $1.77B
Selling and Admin Expenses $1.69B $1.70B $6.28B $1.64B $1.53B
-General & Admin Expense $1.69B $1.70B $6.28B $1.64B $1.53B
Net Non-Operating Interest Income (Expense) -$292.00M -$265.00M -$1.06B -$263.00M -$271.00M
-Interest Expense Non-Operating $292.00M $265.00M $1.06B $263.00M $271.00M
Income from Associates and Other Participating Interests $226.00M $482.00M $1.52B $525.00M $577.00M
Other Operating Expenses -$126.00M $343.00M $931.00M $488.00M $107.00M
Pretax Profit $1.04B $1.51B $4.66B $1.12B $1.21B
Tax $256.00M $345.00M $1.26B $301.00M $308.00M
Net Profit $779.00M $1.16B $3.40B $816.00M $902.00M
Profit from Continuing Operations $779.00M $1.16B $3.40B $816.00M $902.00M
Minority Interests $43.00M -$23.00M $24.00M $7.00M $6.00M
Net Income to Parent Company $736.00M $1.19B $3.38B $809.00M $896.00M
Preferred Stock Dividends $31.00M $45.00M $206.00M $31.00M $78.00M
Net Income to Common Stockholders $705.00M $1.14B $3.17B $778.00M $818.00M
Basic EPS $1.10 $1.75 $4.74 $1.18 $1.23
Diluted EPS $1.09 $1.74 $4.71 $1.17 $1.22
Dividend Per Share $0.59 $0.57 $2.25 $0.57 $0.57
-Net Premiums Written – – $49.78B – –

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $759.37B $743.21B $745.17B $745.17B $719.73B
Cash and Cash Equivalents $19.30B $22.69B $22.03B $22.03B $20.23B
Total Investments $476.10B $466.82B $466.11B $466.11B $457.78B
-Short Term Investments $102.74B $97.93B $96.29B $96.29B $94.54B
-Net Loan $91.08B $92.18B $93.14B $93.14B $94.43B
-Equity Investments $243.91B $238.19B $238.76B $238.76B $229.83B
-Derivative Assets $7.49B $7.54B $7.02B $7.02B $7.30B
-Long Term Equity Investment $16.12B $15.87B $16.15B $16.15B $16.35B
-Other Invested Assets $14.77B $15.10B $14.75B $14.75B $15.33B
Reinsurance Recoverable $203.00M $233.00M $139.00M $139.00M $61.00M
Receivables $52.11B $51.73B $50.40B $50.40B $41.41B
-Accounts Receivable $50.64B $50.34B $49.06B $49.06B $40.33B
-Taxes Receivable $1.48B $1.39B $1.34B $1.34B $1.08B
Accrued Investment Income $3.77B $3.80B $3.72B $3.72B $3.79B
Net PPE $1.64B $1.59B $1.70B $1.70B $1.62B
Goodwill and Other Intangible Assets $9.54B $9.57B $9.61B $9.61B $9.10B
-Goodwill $9.54B $9.57B $9.61B $9.61B $9.10B
Deferred Policy Acquisition Costs $21.57B $21.27B $21.11B $21.11B $21.18B
Separate Account Assets $156.85B $147.69B $151.93B $151.93B $146.34B
Other Assets $15.12B $14.95B $15.83B $15.83B $15.50B
Total Liabilities $731.41B $715.41B $716.25B $716.25B $690.54B
Policy Holders Liabilities $472.17B $466.91B $465.78B $465.78B $454.84B
Short-Term Debt and Capital Lease Obligation $460.00M $404.00M $1.56B $1.56B $378.00M
-Current Debt $460.00M $404.00M $1.56B $1.56B $378.00M
Payables $349.00M $337.00M $356.00M $356.00M $369.00M
-Dividends Payable $349.00M $337.00M $356.00M $356.00M $369.00M
Long Term Debt and Capital Lease Obligation $20.89B $20.73B $18.62B $18.62B $19.45B
-Long Term Debt $20.89B $20.73B $18.62B $18.62B $19.45B
Unrepurchased Pre-Sale Securities $18.88B $18.16B $17.12B $17.12B $17.14B
Separate Account Liability $156.85B $147.69B $151.93B $151.93B $146.34B
Non-Current Deferred Liabilities $311.00M $382.00M $536.00M $536.00M $574.00M
Other Liabilities $61.51B $60.81B $60.34B $60.34B $51.44B
Total Equity $27.96B $27.80B $28.92B $28.92B $29.19B
Stockholders' Equity $27.44B $27.32B $28.40B $28.40B $28.94B
Capital Stock $12.00M $12.00M $12.00M $12.00M $12.00M
-Common Stock $12.00M $12.00M $12.00M $12.00M $12.00M
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $32.93B $32.92B $32.86B $32.86B $32.86B
Retained Earnings $45.38B $45.06B $44.29B $44.29B $43.89B
Less: Treasury Stock $32.14B $31.44B $30.68B $30.68B $30.24B
Gains/Losses Not Affecting Retained Earnings -$18.74B -$19.23B -$18.08B -$18.08B -$17.57B
Minority Interests $520.00M $477.00M $523.00M $523.00M $247.00M
-Long Term Capital Lease Obligation – – $6.00M $6.00M –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $2.23B $2.69B $17.09B $7.08B $3.57B
Net cash flow from investing -$8.87B -$5.46B -$15.61B -$4.29B -$5.02B
Net Cash Flow from Continuing Investing Activities -$8.87B -$5.46B -$15.61B -$4.29B -$5.02B
Net Business Purchase and Sale -$421.00M $56.00M -$1.37B -$897.00M -$322.00M
Net Investment Purchase and Sale -$9.42B -$6.07B -$17.91B -$4.44B -$5.52B
Net Amount of Loans Acquired/Repaid $729.00M $672.00M $3.87B $857.00M $833.00M
Net Other Investing Changes $13.00M -$23.00M -$75.00M $12.00M -$13.00M
Financing Cash Flow $3.22B $3.56B $163.00M -$998.00M -$508.00M
Net Cash Flow from Continuing Financing Activities $3.22B $3.56B $163.00M -$998.00M -$508.00M
Increase/Decrease in Deposit $756.00M $1.07B -$25.00M $65.00M $28.00M
Net Issuance Payments of Debt -$130.00M $628.00M -$442.00M -$1.05B -$209.00M
Net Common Stock Issuance -$722.00M -$755.00M -$2.88B -$460.00M -$502.00M
Cash Dividends Paid -$414.00M -$417.00M -$1.70B -$406.00M -$444.00M
Net Other Financing Charges $3.73B $3.04B $6.22B $853.00M $1.62B
Ending Cash Balance $19.30B $22.69B $22.03B $22.03B $20.23B
Net Change in Cash -$3.43B $791.00M $1.65B $1.79B -$1.96B
Beginning Cash Balance $22.69B $22.03B $20.07B $20.23B $22.18B
Effect of Exchange Rate Changes $41.00M -$136.00M $316.00M $7.00M $14.00M
Free Cash Flow $2.23B $2.69B $17.09B $7.08B $3.57B
Net cash flow from continuing operations – – $17.09B – –
Net Income from Continuing Operations – – $3.40B – –
Gain/Loss from Continuing Operations – – $1.51B – –
Other Non-Cash Items – – -$3.74B – –
Change in Working Capital – – $5.38B – –
-Change in Receivables – – -$27.00M – –
-Change in Loss and Loss Adjustment Expense Reserves – – $7.26B – –
-Change in Deferred Acquisition Costs – – -$1.07B – –
-Change in Accrued Investment Income – – -$272.00M – –
-Change in Other Current Assets – – -$1.57B – –
-Change in Other Current Liabilities – – $1.92B – –
-Change in Other Working Capital – – -$859.00M – –
Net Preferred Stock Issuance – – -$1.00B $0.00 –
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