cash flow reconciliationreview2025-12-31
Operating, investing and financing flows differ from the reported change in cash by 316000000, beyond tolerance 170920000.00.
Revenue
$77.08B
Fiscal year ended 2025-12-31Net income
$3.38B
Fiscal year ended 2025-12-31Total assets
$745.17B
Fiscal year ended 2025-12-31METLIFE INC (MET) reported revenue of $77.08B and net income of $3.38B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from METLIFE INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Life Insurance.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.08B | $70.99B | $66.90B | $68.77B | $68.70B | $67.84B | $69.62B | $67.94B | $62.31B | $60.79B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $6.14B | $6.00B | $5.72B | $5.98B | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $3.38B | $4.43B | $1.58B | $5.28B | $6.86B | $5.41B | $5.90B | $5.12B | $4.01B | $850.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 673.30M | shares 711.10M | shares 762.30M | shares 808.90M | shares 869.40M | shares 913.20M | shares 944.40M | shares 1.01B | shares 1.08B | shares 1.11B |
| Pretax income | $4.66B | $5.62B | $2.16B | $6.36B | $8.52B | $6.93B | $6.80B | $6.31B | $3.54B | $4.28B |
| Income tax expense | $1.26B | $1.18B | $560.00M | $1.06B | $1.64B | $1.51B | $886.00M | $1.18B | -$1.47B | $693.00M |
| Diluted EPS | $4.71 | $5.94 | $1.81 | $6.30 | $7.65 | $5.68 | $6.06 | $4.91 | $3.62 | $0.67 |
| Selling, general & administrative | $7.35B | $6.50B | $6.65B | $5.93B | $6.13B | $6.36B | $6.90B | $6.62B | $6.52B | $6.75B |
| General & administrative | $560.00M | $481.00M | $828.00M | $669.00M | $670.00M | $761.00M | $901.00M | $910.00M | $1.13B | $1.01B |
| Selling & marketing | $6.79B | $6.02B | $5.82B | $5.26B | $5.46B | $5.60B | $6.00B | $5.71B | $5.39B | $5.74B |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $22.03B | $20.07B | $20.64B | $20.20B | $20.05B | $19.80B | $16.60B | $15.82B | $12.70B | $12.65B |
| Total assets | $745.17B | $677.46B | $687.58B | $663.07B | $759.71B | $795.15B | $740.46B | $687.54B | $719.89B | $898.76B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $716.24B | $649.75B | $657.33B | $632.95B | $691.96B | $720.33B | $674.08B | $634.58B | $661.02B | $831.06B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $28.68B | $27.70B | $30.25B | $30.12B | $50.01B | $74.82B | $66.38B | $52.96B | $58.87B | $67.70B |
| Temporary (mezzanine) equity | $241.00M | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $272.00M | $238.00M | $243.00M | $226.00M | $235.00M | $132.00M | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $9.61B | $8.90B | $9.24B | $9.30B | $9.54B | $10.11B | $9.31B | $9.42B | $9.59B | $9.22B |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $17.09B | $14.60B | $13.72B | $13.04B | $12.35B | $11.64B | $13.79B | $11.74B | $12.28B | $14.77B |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$15.61B | -$11.49B | -$10.25B | -$2.62B | -$11.19B | -$18.57B | -$17.59B | -$5.63B | -$16.88B | -$5.85B |
| Financing cash flow | $163.00M | -$3.13B | -$2.94B | -$9.95B | -$1.13B | $10.73B | $4.57B | -$2.80B | -$906.00M | -$3.50B |
| Net change in cash | $1.96B | -$571.00M | $444.00M | $79.00M | -$444.00M | $3.96B | $777.00M | $3.12B | -$5.18B | $5.12B |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | $1.51B | $1.53B | $1.57B | $1.60B | $1.65B | $1.66B | $1.64B | $1.68B | $1.72B | $1.74B |
| Common share repurchases | $2.88B | $3.21B | $3.10B | $3.33B | $4.30B | $1.15B | $2.28B | $3.99B | $2.93B | $372.00M |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 8.0% | 8.4% | 8.6% | 8.7% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 8.6% | 6.1% | -2.7% | 0.1% | 1.3% | -2.6% | 2.5% | 9.0% | 2.5% | Unavailable |
| Net margin | 4.4% | 6.2% | 2.4% | 7.7% | 10.0% | 8.0% | 8.5% | 7.5% | 6.4% | 1.4% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 27.0% | 21.0% | 25.9% | 16.7% | 19.3% | 21.8% | 13.0% | 18.7% | -41.6% | 16.2% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MET in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-19View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-01View SEC filing
Reconciliation checks needing review
5 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2024-12-31
Operating, investing and financing flows differ from the reported change in cash by 545000000, beyond tolerance 145980000.00.
cash flow reconciliationreview2022-12-31
Operating, investing and financing flows differ from the reported change in cash by 397000000, beyond tolerance 130440000.00.
cash flow reconciliationreview2021-12-31
Operating, investing and financing flows differ from the reported change in cash by 478000000, beyond tolerance 123470000.00.
balance equationreview2021-12-31
Difference 17736000000 exceeds tolerance 759708000.000. Presentation or filing-vintage differences need review.