MET
MetLife Inc.Stock · FinancialsS&P 500 Equal Weight 0.2% · S&P 500 0.07% · Russell 1000 0.07% · US Stock Market 0.06% · Russell 3000 0.06% · MSCI World 0.05% · MSCI ACWI 0.04%$97.14+0.37%
as of market close, Sep 11, 2026
☾ AH — —
MET financial statements
The full income statement, balance sheet, and cash-flow statement for MetLife Inc. (MET), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 700.3M2024-09 692.4M2024-12 681.2M2025-03 671.3M2025-06 665.0M2025-09 658.9M2025-12 652.1M2026-03 643.4M2026-06 635.5M-9.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 77.1B+8.6% | 71.0B+6.1% | 66.9B-2.7% | 68.8B+0.1% | 68.7B+1.3% | ||
| Lease income | 358M+5.0% | 341M-6.8% | 366M-6.6% | 392M | — | |
| 13.9B+6.5% | 13.0B+2.4% | 12.7B+7.2% | 11.9B-1.3% | 12.0B-8.6% | ||
| Selling, general & administrative | 560M+16.4% | 481M-41.9% | 828M+23.8% | 669M-0.1% | 670M-12.0% | |
| General & administrative | 560M+16.4% | 481M-41.9% | 828M+23.8% | 669M-0.1% | 670M-12.0% | |
| Selling & marketing | 6.79B+12.8% | 6.02B+3.4% | 5.82B+10.5% | 5.26B-3.6% | 5.46B-2.4% | |
| Amortization of intangibles | 83.0M-2.4% | 85.0M-3.4% | 88.0M-4.3% | 92.0M-8.0% | 100M+143.9% | |
| Operating income | 6.14B+2.4% | 6.00B+4.8% | 5.72B-4.3% | 5.98B | — | |
| Interest expense | 1.06B+2.3% | 1.04B-0.8% | 1.04B+11.4% | 938M+2.0% | 920M+0.8% | |
| Equity-method income | 1.55B+57.3% | 988M+554.3% | 151M-88.4% | 1.30B-74.6% | 5.14B+519.5% | |
| Gain (loss) on equity securities | 65.0M+461.1% | -18.0M-122.2% | 81.0M+160.9% | -133M-223.1% | 108M+178.8% | |
| Pre-tax income | 4.66B-17.1% | 5.62B+160.0% | 2.16B-66.0% | 6.36B-25.3% | 8.52B+23.0% | |
| Income tax | 1.26B+6.8% | 1.18B+110.4% | 560M-47.3% | 1.06B-35.3% | 1.64B+8.8% | |
| 3.38B-23.7% | 4.43B+180.5% | 1.58B-70.1% | 5.28B-22.9% | 6.86B+26.8% | ||
| Net income to non-controlling interest | 24.0M+33.3% | 18.0M-25.0% | 24.0M+33.3% | 18.0M-14.3% | 21.0M+90.9% | |
| Preferred dividends | 194M-3.0% | 200M+1.0% | 198M+7.0% | 185M-5.1% | 195M-3.5% | |
| Net income to common | 3.17B-24.9% | 4.23B+206.2% | 1.38B-72.9% | 5.10B-23.4% | 6.65B+28.2% | |
| $4.71-20.7% | $5.94+228.2% | $1.81-71.3% | $6.30-17.6% | $7.65+34.7% | ||
| EPS (basic) | $4.74-20.7% | $5.98+228.6% | $1.82-71.3% | $6.35-17.6% | $7.71+34.8% | |
| Weighted-avg shares (basic) | 669M-5.3% | 706M-6.8% | 758M-5.7% | 803M-6.9% | 863M-5.0% | |
| Weighted-avg shares (diluted) | 673M-5.3% | 711M-6.7% | 762M-5.8% | 809M-7.0% | 869M-4.8% | |
| Dividends per share | $2.25+4.3% | $2.15+4.6% | $2.06+4.0% | $1.98+4.2% | $1.90+4.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 22.0B+9.8% | 20.1B-2.8% | 20.6B+2.2% | 20.2B+0.7% | 20.0B+1.3% | |
| Short-term investments | 3.60B-30.2% | 5.16B-14.7% | 6.04B+22.5% | 4.93B-31.2% | 7.18B+83.8% | |
| 745B+10.0% | 677B-1.5% | 688B+3.7% | 663B-12.7% | 760B-4.5% | ||
| Operating lease right-of-use | 984M+6.0% | 928M-12.5% | 1.06B+10.4% | 961M-13.4% | 1.11B-15.5% | |
| Goodwill | 9.61B+8.0% | 8.90B-3.6% | 9.24B-0.7% | 9.30B-2.5% | 9.54B-5.7% | |
| Intangible assets | 636M-10.4% | 710M-10.6% | 794M-9.4% | 876M-9.9% | 972M-11.6% | |
| Deferred tax assets | 2.58B-13.7% | 2.99B+14.6% | 2.61B+7.1% | 2.44B+1190.5% | 189M | |
| Short-term & current debt | 355M-23.7% | 465M+290.8% | 119M-32.0% | 175M-48.7% | 341M-13.2% | |
| 716B+10.2% | 650B-1.2% | 657B+3.9% | 633B-8.5% | 692B-3.9% | ||
| Long-term debt | 14.5B-4.1% | 15.1B-3.0% | 15.5B+6.2% | 14.6B+5.1% | 13.9B-4.6% | |
| Operating lease liability (total) | 1.14B+5.5% | 1.08B-12.3% | 1.23B+7.3% | 1.15B-11.4% | 1.29B | |
| Finance lease liability (total) | 6.00M+0.0% | 6.00M-81.3% | 32.0M-42.9% | 56.0M-30.9% | 81.0M | |
| Deferred tax liabilities | 536M+306.1% | 132M-85.8% | 927M-2.4% | 950M-90.2% | 9.69B+105.2% | |
| 28.4B+3.5% | 27.4B-8.6% | 30.0B+0.4% | 29.9B-55.7% | 67.5B-9.5% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 12.0M+0.0% | 12.0M+0.0% | 12.0M+0.0% | 12.0M+0.0% | 12.0M+0.0% | |
| Additional paid-in capital | 32.9B-2.8% | 33.8B+0.3% | 33.7B+0.2% | 33.6B+0.3% | 33.5B-0.9% | |
| Retained earnings | 44.3B+3.9% | 42.6B+6.2% | 40.1B-0.5% | 40.3B-2.1% | 41.2B+29.5% | |
| Treasury stock | 30.7B+10.4% | 27.8B+13.0% | 24.6B+14.6% | 21.5B+18.2% | 18.2B+31.3% | |
| Accumulated other comprehensive income | -18.1B+14.6% | -21.2B-10.1% | -19.2B+14.9% | -22.6B-822.9% | -2.45B-878.1% | |
| Non-controlling interest | 282M+9.3% | 258M+8.4% | 238M-2.5% | 244M-8.6% | 267M+3.1% | |
| Total equity incl. non-controlling | 28.7B+3.5% | 27.7B-8.4% | 30.3B+0.4% | 30.1B-39.8% | 50.0B-33.2% | |
| Total liabilities & equity | 745B+10.0% | 677B-1.5% | 688B+3.7% | 663B-12.7% | 760B-4.5% | |
| Common shares issued | 1.20B+0.1% | 1.19B+0.2% | 1.19B+0.2% | 1.19B+0.3% | 1.19B+0.4% | |
| Common shares outstanding | 655M-4.9% | 689M-5.7% | 731M-6.2% | 779M-5.6% | 826M-7.5% | |
| Shares outstanding (cover) | 652M-4.3% | 681M-5.8% | 723M-6.6% | 774M-6.1% | 825M-6.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 17.1B+17.1% | 14.6B+6.4% | 13.7B+5.2% | 13.0B+5.6% | 12.3B+6.1% | ||
| Depreciation & amortization | 200M-4.3% | 209M+4.5% | 200M-4.8% | 210M-5.8% | 223M-5.1% | |
| Intangible amortization | 83.0M-2.4% | 85.0M-3.4% | 88.0M-4.3% | 92.0M-8.0% | 100M+143.9% | |
| Deferred income taxes | 7.00M+100.9% | -766M+30.8% | -1.11B-412.5% | -216M-128.9% | 747M+127.1% | |
| Other operating activities | 443M-29.5% | 628M+218.8% | 197M-19.6% | 245M+116.8% | 113M-67.8% | |
| -15.6B-35.8% | -11.5B-12.2% | -10.2B-291.1% | -2.62B+76.6% | -11.2B+39.8% | ||
| Acquisitions | 738M | 0.00 | 0.00-100.0% | 35.0M | 0.00-100.0% | |
| Other investing activities | 75.0M-56.6% | 173M+21.0% | 143M+127.0% | 63.0M+37.0% | 46.0M+133.1% | |
| 163M+105.2% | -3.13B-6.5% | -2.94B+70.4% | -9.95B-783.5% | -1.13B-110.5% | ||
| Long-term debt issued | 743M-52.6% | 1.57B-21.2% | 1.99B+96.3% | 1.01B+3393.1% | 29.0M-97.4% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 2.88B-10.1% | 3.21B+3.4% | 3.10B-6.7% | 3.33B-22.7% | 4.30B+273.8% | |
| Dividends paid | 1.51B-1.2% | 1.53B-2.5% | 1.57B-2.0% | 1.60B-3.0% | 1.65B-0.6% | |
| Other financing activities | -261M-217.0% | 223M+260.4% | -139M+41.1% | -236M-1172.7% | 22.0M-88.5% | |
| Net change in cash | 1.96B+444.0% | -571M-228.6% | 444M+462.0% | 79.0M+117.8% | -444M-111.2% | |
| Interest paid | 1.04B+0.4% | 1.04B+4.9% | 989M+9.3% | 905M-1.0% | 914M+2.6% | |
| Income taxes paid | 1.56B-2.3% | 1.60B-12.7% | 1.83B+73.6% | 1.06B-4.2% | 1.10B+40.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 51.5B-7.7% | 55.8B+14.0% | 48.9B-13.8% | 56.8B+10.1% | 51.6B+24.2% | |
| P/E | 15.2×+20.9% | 12.6×-34.4% | 19.2×+76.3% | 10.9×+44.8% | 7.5×-2.1% | |
| P/S | 0.7×-15.0% | 0.8×+1.9% | 0.8×-3.8% | 0.8×+6.8% | 0.8×+22.6% | |
| P/B | 1.8×-10.8% | 2.0×+6.5% | 1.9×-15.8% | 2.3×+196.4% | 0.8×+37.2% | |
| Earnings yield | 6.6%-17.3% | 7.9%+52.4% | 5.2%-43.3% | 9.2%-31.0% | 13.3%+2.1% | |
| Dividend yield | 2.8%+8.2% | 2.6%-15.5% | 3.1%+13.9% | 2.7%-10.0% | 3.0%-21.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MET’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MET filings on SEC EDGAR → Not investment advice.