MET · NYSE · Insurance - Life

MetLife (MET)

Provides employer benefits, retirement solutions, international life insurance, and institutional asset management.

$96.28
vs last close−0.36 (−0.38%)
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MetLife, Inc.MET
Financial sector

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

CEOMichel A. Khalaf
ListedApr 5, 2000
ExchangeNYSE
HeadquartersNew York City, NY
CountryUnited States
Employees46,000
CIK0001099219
ISINUS59156R1086

Market cap$62.18B
EPS (ttm)$5.21
P/E (ttm)18.55
ROE13.0%
P/B2.28
P/S0.7907
Dividend yieldDiv yield2.40%
Beta0.67vs XLF 1.24

Price target$103.00+6.6%Average of 33 analysts
ConsensusBuy25 of 33 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 22, 2026Piper SandlerUpgrade
Rating: NeutralTarget: $90
Rating: OverweightTarget: $110
Aug 24, 2026Morgan StanleyReiterate
Rating: Target: $103
Rating: OverweightTarget: $111
Aug 19, 2026Wells FargoReiterate
Rating: Target: $95
Rating: OverweightTarget: $109
Aug 6, 2026BarclaysReiterate
Rating: Target: $94
Rating: OverweightTarget: $97
Jul 15, 2026Atlantic EquitiesTarget
Target:
Target: $103

Next report
Nov 4, 26
in 43 days
EPS estimate
$2.55
Revenue estimate
$20.10B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$2.08$1.96$2.02$2.34$2.58$2.42$2.43Pending
Estimate$2.11$2.00$2.15$2.31$2.34$2.27$2.30$2.55
Surprise−1.4%−2.0%−6.0%+1.3%+10.3%+6.6%+5.7%

RevenueReportedEstimate

Feb '25Apr '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$18.38B$18.28B$17.34B$16.88B$23.81B$19.68B$19.08BPending
Estimate$19.50B$18.37B$18.53B$18.64B$27.22B$19.49B$19.67B$20.10B
Surprise−5.8%−0.5%−6.4%−9.4%−12.5%+1.0%−3.0%
Estimate$2.55
ReportedDue Nov 4, 2026
Estimate$20.10B
ReportedDue Nov 4, 2026
View details

Debt to equity74.30%
Current ratio45,300.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$18.30B$18.44B$18.26B$17.18B$16.88B$23.81B$19.07B$18.88B
Net income$1.34B$1.27B$945.0M$729.0M$896.0M$809.0M$1.19B$736.0M
Net margin7.3%6.9%5.2%4.2%5.3%3.4%6.2%3.9%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$1.99B$1.38B$1.35B$980.0M$1.21B$1.12B$1.51B$1.03B
YoY growth+273.4%+46.8%+29.6%−18.5%−39.3%−19.1%+11.3%+5.5%

Balance sheet, Jun 30, 2026Cash & short-term investments $338.80B · Total debt $20.29B · Total assets $748.13B · Shareholders' equity $27.32B

Revenue
$18.88B
Operating income
$1.03B
Net income
$736.0M
View details

Dividend yield
2.40%
Next ex-date
Nov 4, 26
estimated · in 43 days
Annual dividend
$2.32
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Dividend$0.545$0.545$0.5675$0.5675$0.5675$0.5675$0.5925$0.5925
Annual yield2.76%2.58%2.88%2.97%2.83%2.95%2.92%2.41%
Ex-dateNov 5Feb 4May 6Aug 5Nov 4Feb 3May 12Aug 4
Payment dateDec 16Mar 11Jun 10Sep 9Dec 9Mar 10Jun 9Sep 8
View details

Institutions76.02%489.12M shares
1,516 holders · as of Jun 30, 2026
Insiders0.31%1.96M shares
25 holders · as of Sep 10, 2026
Other23.67%152.35M shares
remainder

643.44M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Board of Directors of MetLife, Inc., as an entityInstitution
15.87%102.10Mfiled Aug 6, 2026
BlackRock, Inc.Institution
8.05%51.79Mas of Jun 30, 2026
Dodge & CoxInstitution
7.53%48.43Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
5.51%35.48Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
4.67%30.03Mas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • 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.

Compare

CompanyPriceChange
MetLife$96.28−0.38%$62.18B18.59.10.8+10.0%
Prudential Financial$117.70−0.70%$41.13B10.78.30.6+2.8%
Unum Group$93.76+0.21%$14.81B21.810.51.1−13.8%
Aflac$114.73−0.39%$58.62B12.415.73.2−2.4%
Manulife Financial$44.26−0.72%$74.40B17.013.91.8+22.6%
The Hartford$129.39−1.03%$35.84B8.59.91.2+4.0%
Principal Financial Group$114.05−2.07%$24.94B16.611.41.6+8.9%
Lincoln Financial$41.03−1.57%$7.98B3.55.00.4+21.2%
Median12.410.51.2+4.0%