MetLife is the largest life insurance provider in the U.S. and serves 100 million customers in nearly 50 countries. MetLife’s revenues for 2021 were up almost 5% over 2020, to $71.1 billion, and profits rose 21.2%, as strong gains in the insurer’s investment portfolio helped offset the impact of high payouts for deaths related to COVID-19. In 2022, MetLife announced diversity, equity, and inclusion commitments that include spending $5 billion with diverse suppliers by 2030 and committing $150 million in funding through the MetLife Foundation to support underserved and underrepresented communities over that same time span.
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Company Information
As of 4/4/23
Country
U.S.
Headquarters
New York City
Industry
Insurance: Life, Health (Stock)
CEO
Michel Khalaf
Website
Company Type
Public
Ticker
MET
Revenues ($M)
$69,898
Profits ($M)
$2,539
Market Value ($M)
$42,489
Employees
45,000
Figures are for fiscal year ended Dec. 31, 2022. Market value as of March 17, 2023. Sources: S&P Global; Bloomberg.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$71,080
4.8%
Profits ($M)
$6,554
21.2%
Assets ($M)
$759,708
-
Total Stockholder Equity ($M)
$67,482
-
Profit Ratios
Profit as % of Revenues
9.2%
Profits as % of Assets
0.9%
Profits as % of Stockholder Equity
9.7%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
731
EPS % Change (from 2020)
28.7%
EPS % Change (5 year annual rate)
63.3%
EPS % Change (10 year annual rate)
1.5%
Total Return
Total Return to Investors (2021)
37.3%
Total Return to Investors (5 year, annualized)
9.3%
Total Return to Investors (10 year, annualized)
11.9%
MetLife Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $67,842-2.6% | $5,407-8.3% | $795,146 | $74,558 |
| 2020 | $69,6202.5% | $5,89915.1% | $740,463 | $66,144 |
| 2019 | $67,9412.7% | $5,12327.8% | $687,538 | $52,741 |
| 2018 | $66,1534.2% | $4,010401.3% | $719,892 | $58,676 |
| 2017 | $63,476-9.3% | $800-84.9% | $898,764 | $67,309 |
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