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One of the largest US life insurers, also offering group benefits, annuities and international insurance operations across Latin America and Asia.
One of the largest US life insurers, also offering group benefits, annuities and international insurance operations across Latin America and Asia.
Earns premiums on group insurance sold through employers, takes in money on annuities and pension buyout deals, and earns a spread by investing it at higher returns than it credits customers. Its US retail life and annuity arm was spun off in 2017 as Brighthouse Financial. Japan and Latin America are the largest international markets.
Moat: narrow (scale, brand, distribution). Large-scale group-benefits distribution through employers and a globally recognized life-insurance brand.
Headquarters: New York, New York, USA · Founded: 1868 · Employees: 46,000
Size MetLife (MET) is a United States Financials company (Multi-Line Insurance) with a market value of $62.4B, the 211th largest of 3,117 United States companies the cockpit tracks. Shares closed at $98.27 on 6 Nov 2026.
Performance Over six months the shares gained 26.8%, against +15.1% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 9.0% over the last twelve months (peer median +11.1%); the operating margin is 7.7% (peer median 17.3%).
Valuation It trades at 2.28× book value against a peer median of 2.05× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 16.2%; MetLife delivers 13.2%, so the price asks more than the business earns today.
Credit MetLife has 19 bonds outstanding ($16.1B), rated A- by the agencies and trading like A at a weighted spread of 79 bp.
Short interest Short interest is 1.7% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $79.6B | $77.1B | $71.0B | $66.9B | $68.8B |
| Revenue growth | — | +9% | +6% | -3% | — |
| Net income | $3.63B | $3.38B | $4.43B | $1.58B | $5.28B |
| Free cash flow | $16.6B | $18.1B | $15.1B | $14.3B | $11.4B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $21.6B | $20.5B | $19.2B | $19.5B | $18.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| MetLife MET | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% |
| Prudential Financial PRU | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% |
| Manulife Financial MFC.TO | $72.2B | +13% | +18% | 13% | 2.22× | 13.0% |
| Principal Financial PFG | $23.6B | +10% | +5% | 17% | 2.00× | 15.5% |
| Lincoln National LNC | $7.67B | +12% | +12% | 23% | 0.74× | 8.6% |
| Unum UNM | $12.2B | -5% | -5% | 3% | 1.52× | 8.1% |
| Corebridge Financial CRBG | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% |
| Equitable EQH | $14.1B | +24% | +6% | -183% | n/a | n/a |
| AIA 1299.HK | $104B | -10% | +13% | 20% | 2.53× | 18.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MET | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.2% | +3.9% | 3rd lowest of 21 |
| 6-month return | +26.8% | +15.1% | 3rd highest of 21 |
| Return on equity | 13.2% | 17.5% | 4th lowest of 21 |
| Price / book | 2.28× | 2.05× | 8th most expensive of 21 |
| Trailing P/E | 18.8× | 11.6× | 3rd most expensive of 21 |
| ROE the price implies | 16.2% | 11.2% | 4th most demanding of 21 |
| ROE delivered | 13.2% | 17.5% | 4th lowest of 21 |
| Bond spread | 79 bp | 79 bp | 6th tightest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| MetLife MET | United States | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% | 13.2% |
| Fubon Financial Hldg 2881.TW | Taiwan | $62.7B | +66% | +12% | 16% | 1.66× | 7.4% | 16.0% |
| Aflac AFL | United States | $62.2B | +10% | +14% | 17% | 2.06× | 12.5% | 16.9% |
| Allstate ALL | United States | $64.4B | +20% | +6% | 46% | 2.04× | 9.9% | 46.1% |
| Great-West Lifeco GWO.TO | Canada | $57.4B | +18% | +4% | 16% | 3.02× | 15.7% | 16.0% |
| Swiss Re SREN.SW | Switzerland | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% | 20.4% |
| People's Insurance Co. (Group) of China 1339.HK | Hong Kong | $46.1B | -2% | +11% | 18% | 0.60× | 5.6% | 18.1% |
| Ms&ad Ins Gp Hldgs 8725.T | Japan | $44.4B | +22% | +21% | 17% | 1.07× | 6.9% | 16.6% |
| China Pacific Insurance (Group) 601601.SS | China | $42.6B | -14% | +4% | 14% | 0.93× | 8.2% | 14.4% |
| Power Corporation of Canada POW.TO | Canada | $40.7B | +16% | +10% | 11% | 2.42× | 15.9% | 11.0% |
| American International AIG | United States | $40.7B | +2% | +1% | 8% | 1.04× | 7.5% | 8.2% |
| Sun Life Financial SLF.TO | Canada | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% | 13.5% |
| Sompo 8630.T | Japan | $39.6B | +17% | +41% | 15% | 1.14× | 6.2% | 14.6% |
| Axa CS.PA | France | $103B | +13% | +11% | 19% | 2.24× | 17.8% | 19.0% |
| AIA 1299.HK | Hong Kong | $104B | -10% | +13% | 20% | 2.53× | 18.4% | 19.6% |
| Arch Capital ACGL | United States | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% | 18.7% |
| Zurich Insurance ZURN.SW | Switzerland | $114B | +16% | +19% | 26% | 3.67× | 11.2% | 25.5% |
| Prudential plc Sponsored ADR PUK | United States | $31.7B | -21% | +39% | 19% | 1.56× | 11.4% | 19.2% |
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| Progressive PGR | United States | $132B | +17% | +8% | 33% | 3.82× | 15.8% | 33.2% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
MetLife has 19 bonds outstanding with $16.1B face value. The agencies rate it A-; its bonds trade like A. Weighted yield 5.77%, a spread of 79 bp over government bonds.