MetLife
Provides employer benefits, retirement solutions, international life insurance, and institutional asset management.
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Profile
Sells employer benefits and institutional retirement solutions in the United States, life and health products across international markets, and asset management worldwide. Premiums, policy fees, investment income, and management fees support a diversified business exposed to underwriting, claims experience, and financial markets.
Sells employer-sponsored life, dental, disability, vision, and accident-and-health coverage through Group Benefits in the United States. Retirement and Income Solutions handles pension risk transfers, stable value, structured settlements, longevity reinsurance, and institutional annuities. Asia, Latin America, and EMEA offer life, health, savings, retirement, and credit products. MetLife Investment Management manages fixed income, real estate, equities, alternatives, and multi-asset portfolios for institutions and the insurer's general account.
Premiums, policy fees, investment income, and asset-management fees support a diversified mix across employer, institutional, and international channels. Long-standing employer relationships and pension risk-transfer capabilities anchor the U.S. franchise. Results depend on underwriting and claims experience, interest rates, credit markets, and investment performance. Legacy U.S. blocks sit mainly in Corporate & Other, while insurance subsidiaries operate under jurisdiction-specific capital, reserve, solvency, and dividend restrictions.
Company facts
Categories
Key statistics
Year to date +20.2% · Average volume (30d) 3.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 24, 2026 | Morgan Stanley | Reiterate | Overweight | $103 | $111 |
| Aug 19, 2026 | Wells Fargo | Reiterate | Overweight | $95 | $109 |
| Aug 6, 2026 | Barclays | Reiterate | Overweight | $94 | $97 |
| Jul 15, 2026 | Atlantic Equities | Target | $103 | ||
| Jul 10, 2026 | Jefferies | Reiterate | Buy | $82 | $103 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $2.30 | $2.43 | +5.7% | $19.67B | $19.08B | −3.0% | +3.83% |
| May 6, 2026Q1 FY26 | $2.27 | $2.42 | +6.6% | $19.49B | $19.07B | −2.1% | −1.67% |
| Feb 4, 2026Q4 FY25 | $2.34 | $2.58 | +10.3% | $27.22B | $23.81B | −12.5% | −3.45% |
| Nov 5, 2025Q3 FY25 | $2.31 | $2.34 | +1.3% | $18.64B | $16.88B | −9.4% | −3.44% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $18.26B | $17.18B | $16.88B | $23.81B | $19.07B | $18.88B | |
| Gross profit | $4.72B | $4.54B | $2.94B | $7.27B | $7.10B | $2.79B | |
| Operating income | $1.35B | $980.0M | $1.21B | $1.12B | $1.51B | $1.03B | |
| Net income | $945.0M | $729.0M | $896.0M | $809.0M | $1.19B | $736.0M | |
| Diluted EPS | $1.28 | $1.03 | $1.22 | $1.17 | $1.74 | $1.08 | |
| Gross margin | 25.9% | 26.4% | 17.4% | 30.5% | 37.2% | 14.8% | |
| Operating margin | 7.4% | 5.7% | 7.2% | 4.7% | 7.9% | 5.5% |
Fiscal years (4-quarter sums)FY21 $72.14B · FY22 $69.48B · FY23 $66.91B · FY24 $70.13B · FY25 $76.13B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $338.80B · Total debt $20.29B · Total assets $748.13B · Shareholders' equity $27.32B
Dividends
Raised for 25 straight years — most recently to $0.5925 from $0.5675 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 4, 2026 | Aug 4 | Sep 8 | $0.5925 | |
| May 12, 2026 | May 12 | Jun 9 | $0.5925 | raised from $0.5675 |
| Feb 3, 2026 | Feb 3 | Mar 10 | $0.5675 | |
| Nov 4, 2025 | Nov 4 | Dec 9 | $0.5675 | |
| Aug 5, 2025 | Aug 5 | Sep 9 | $0.5675 | |
| May 6, 2025 | May 6 | Jun 10 | $0.5675 | raised from $0.545 |
| Feb 4, 2025 | Feb 4 | Mar 11 | $0.545 | |
| Nov 5, 2024 | Nov 5 | Dec 16 | $0.545 |
Ownership
Shares outstanding 643.44M · Float 537.49M · 83.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Board of Directors of MetLife, Inc., as an entity | 102.10M | 16.10% | 13D | Aug 6, 2026 |
| BlackRock, Inc. | 51.79M | 8.05% | 13F | Aug 7, 2026 |
| Dodge & Cox | 48.43M | 7.53% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 35.48M | 5.51% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 30.03M | 4.67% | 13F | Aug 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Prudential Financial
Nearest peer in US group benefits, pension risk transfer, and Japan life.
- Unum Group
Market leader in US group disability; head-to-head in employer benefits RFPs.
- Aflac
Dominant in Japan cancer insurance and US worksite voluntary benefits.
- Manulife Financial
Widest Asia/international life overlap; US presence via John Hancock.
- The Hartford
Top US group life/disability carrier with leading absence management.
- Principal Financial Group
Competes in US pension risk transfer and SMB/mid-market group benefits.
- Lincoln Financial
US group life/disability and annuity peer; domestic-only focus.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MetLife | $97.91 | +1.46% | $62.10B | 18.5 | 9.2 | 0.8 | +10.0% |
| Prudential Financial | $119.79 | +0.01% | $41.57B | 10.8 | 8.5 | 0.6 | +2.8% |
| Unum Group | $93.38 | +0.31% | $14.73B | 21.7 | 10.4 | 1.1 | −13.8% |
| Aflac | $116.52 | −0.00% | $59.31B | 12.6 | 15.9 | 3.3 | −2.4% |
| Manulife Financial | $42.70 | −0.20% | $71.36B | 16.2 | 13.1 | 1.7 | +22.6% |
| The Hartford | $137.85 | −0.49% | $37.98B | 9.0 | 10.6 | 1.3 | +4.0% |
| Principal Financial Group | $111.41 | 0.00% | $23.85B | 15.8 | 11.2 | 1.5 | +8.8% |
| Lincoln Financial | $43.25 | −0.07% | $8.29B | 3.7 | 5.3 | 0.4 | +21.2% |
| Median | 12.6 | 10.6 | 1.3 | +4.0% |