MetLife (MET)
Provides employer benefits, retirement solutions, international life insurance, and institutional asset management.
Something off on this page? Send us feedback.
MetLife is built around two big engines: employee benefits sold through American workplaces and long-term retirement promises taken from pension plans and insurers. Household insurance across Asia, Latin America, Europe and the Gulf adds geographic growth, while a newly enlarged money-management arm is becoming more important. The model hangs on pricing claims correctly and earning more on invested customer money than it ultimately pays out.
Item facts: FY2025 · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
6 in detail · 11 more below
Group Benefits
Insurance and benefit administration for U.S. employers produced $26.88 billion of FY2025 gross revenue. Sales were rising through mid-2026; claims use and successful repricing decide how much of that growth pays.
Competes with US workplace products (Unum Group) · Employee Benefits (The Hartford)
In plain English
Picture an employer shopping for a shelf of safety nets for its workers. MetLife supplies life, dental, disability, leave, accident, vision, legal and pet coverage, then handles much of the paperwork when someone needs help.
Employers choose the package, often help pay for it and renew it through brokers or benefits advisers. MetLife collects insurance payments and service fees, invests money while claims are pending, pays workers and care providers when covered events happen, and keeps what remains after claims and expenses.
Retirement and Income Solutions
MetLife takes over long-lived retirement payments and sells products that promise steady income, producing $21.04 billion of FY2025 gross revenue. Pension-transfer deal flow is the key growth rhythm to watch.
Competes with Pension Group Annuities (Athene) · Retirement Strategies (Prudential Financial)
In plain English
A company pension is a promise that may need paying for decades. MetLife lets the employer hand over that promise: it receives money and investments today, then takes responsibility for sending retirees their checks later. It also takes similar long-life risks from other insurers and sells contracts designed to provide stable income.
The earnings come from carefully matching those future checks with bonds and other investments. MetLife aims to earn more on the money than it must pay retirees, after costs and safeguards; interest rates, credit losses and how long people live can change the result.
MetLife Investment Management
The investing arm managed $742 billion at FY2025 year-end after buying PineBridge. Its revenue footprint is still small, but outside clients, retirement deals and the integration of new teams can expand fee income.
Competes with Public and private markets (PGIM) · Public and private strategies (Nuveen)
In plain English
Behind every long insurance promise sits a large pool of money that must be put to work. This arm chooses bonds, property, company loans, shares and other investments for MetLife and for outside institutions such as pension funds and insurers.
Think of it as a warehouse that sorts money into shelves built for different needs. Clients pay management fees for that work. Buying PineBridge added more shelves and more client money, while MetLife's retirement transactions create additional pools to manage even when another insurer takes some of the risk.
Asia
Life, health and savings products across nine Asian markets generated $11.96 billion of FY2025 gross revenue. Japan is the anchor; new medical products and bank distribution are the clearest growth signals.
Competes with Cancer and medical insurance (Aflac Japan) · Asian health, protection and savings (Prudential plc)
In plain English
Here the buyers are households, not one giant corporate customer. People choose protection for death, illness or accidents, alongside products meant to build retirement savings; Japan is the largest market and Korea also matters.
MetLife reaches them through its own agents, bank branches, brokers and direct sales. Some customers pay regularly and others put in one larger amount. The company invests that money, pays covered claims or later savings benefits, and earns what remains after those payments, selling costs and expenses. Local currencies, rules and hospital use can all move the outcome.
Latin America
Protection, medical and savings products led by Mexico and Chile produced $8.30 billion of FY2025 gross revenue. Recent quarterly revenue was higher than a year earlier; inflation, taxes and medical costs remain the watchpoints.
Competes with Life and Major Medical Expenses (GNP) · Corporate Life & Pensions (Zurich)
In plain English
Insurance here can appear where someone already shops or pays: at a bank, inside a digital wallet, through a retailer or on an online marketplace. Agents and brokers still matter too. MetLife sells life, medical, dental, loan protection and retirement savings, with Mexico and Chile carrying the most weight.
Each route brings in insurance payments from households, workers and retirement savers. MetLife then pays claims and invests the waiting money. Wider distribution can add customers quickly, but rising prices can make coverage harder to afford and can also lift the cost of medical care.
Europe, Middle East and Africa
Life, health, credit and employee coverage across the Gulf and parts of Europe generated $3.15 billion of FY2025 gross revenue. Recent sales were growing quickly, but medical inflation and local currencies can bite.
Competes with Life, Health and Pensions (Allianz Turkey) · Corporate and individual health (Cigna Middle East)
In plain English
Smaller than MetLife's other regional businesses, this one is a patchwork led by the Gulf, Britain, Turkey and France. Employers buy worker benefits, while households buy life, health, loan protection and retirement products.
There is no single front door: banks, agents, brokers, employers and partner groups all bring customers in. Their payments are pooled and invested until MetLife pays a claim or savings benefit. Growth depends on keeping those partners and setting prices ahead of medical bills and inflation, while local rules and currencies make each country behave differently.
Group BenefitsInsurance and benefit administration for U.S. employers produced $26.88 billion of FY2025 gross revenue. Sales were rising through mid-2026; claims use and successful repricing decide how much of that growth pays.Insurance and benefit administration for U.S. employers produced $26.88 billion of FY2025 gross revenue. Sales were rising through mid-2026; claims use and successful repricing decide how much of that growth pays.
In plain English
Picture an employer shopping for a shelf of safety nets for its workers. MetLife supplies life, dental, disability, leave, accident, vision, legal and pet coverage, then handles much of the paperwork when someone needs help.
Employers choose the package, often help pay for it and renew it through brokers or benefits advisers. MetLife collects insurance payments and service fees, invests money while claims are pending, pays workers and care providers when covered events happen, and keeps what remains after claims and expenses.
Competes with US workplace products (Unum Group) · Employee Benefits (The Hartford)
Retirement and Income SolutionsMetLife takes over long-lived retirement payments and sells products that promise steady income, producing $21.04 billion of FY2025 gross revenue. Pension-transfer deal flow is the key growth rhythm to watch.MetLife takes over long-lived retirement payments and sells products that promise steady income, producing $21.04 billion of FY2025 gross revenue. Pension-transfer deal flow is the key growth rhythm to watch.
In plain English
A company pension is a promise that may need paying for decades. MetLife lets the employer hand over that promise: it receives money and investments today, then takes responsibility for sending retirees their checks later. It also takes similar long-life risks from other insurers and sells contracts designed to provide stable income.
The earnings come from carefully matching those future checks with bonds and other investments. MetLife aims to earn more on the money than it must pay retirees, after costs and safeguards; interest rates, credit losses and how long people live can change the result.
Competes with Pension Group Annuities (Athene) · Retirement Strategies (Prudential Financial)
MetLife Investment ManagementThe investing arm managed $742 billion at FY2025 year-end after buying PineBridge. Its revenue footprint is still small, but outside clients, retirement deals and the integration of new teams can expand fee income.The investing arm managed $742 billion at FY2025 year-end after buying PineBridge. Its revenue footprint is still small, but outside clients, retirement deals and the integration of new teams can expand fee income.
In plain English
Behind every long insurance promise sits a large pool of money that must be put to work. This arm chooses bonds, property, company loans, shares and other investments for MetLife and for outside institutions such as pension funds and insurers.
Think of it as a warehouse that sorts money into shelves built for different needs. Clients pay management fees for that work. Buying PineBridge added more shelves and more client money, while MetLife's retirement transactions create additional pools to manage even when another insurer takes some of the risk.
Competes with Public and private markets (PGIM) · Public and private strategies (Nuveen)
AsiaLife, health and savings products across nine Asian markets generated $11.96 billion of FY2025 gross revenue. Japan is the anchor; new medical products and bank distribution are the clearest growth signals.Life, health and savings products across nine Asian markets generated $11.96 billion of FY2025 gross revenue. Japan is the anchor; new medical products and bank distribution are the clearest growth signals.
In plain English
Here the buyers are households, not one giant corporate customer. People choose protection for death, illness or accidents, alongside products meant to build retirement savings; Japan is the largest market and Korea also matters.
MetLife reaches them through its own agents, bank branches, brokers and direct sales. Some customers pay regularly and others put in one larger amount. The company invests that money, pays covered claims or later savings benefits, and earns what remains after those payments, selling costs and expenses. Local currencies, rules and hospital use can all move the outcome.
Competes with Cancer and medical insurance (Aflac Japan) · Asian health, protection and savings (Prudential plc)
Latin AmericaProtection, medical and savings products led by Mexico and Chile produced $8.30 billion of FY2025 gross revenue. Recent quarterly revenue was higher than a year earlier; inflation, taxes and medical costs remain the watchpoints.Protection, medical and savings products led by Mexico and Chile produced $8.30 billion of FY2025 gross revenue. Recent quarterly revenue was higher than a year earlier; inflation, taxes and medical costs remain the watchpoints.
In plain English
Insurance here can appear where someone already shops or pays: at a bank, inside a digital wallet, through a retailer or on an online marketplace. Agents and brokers still matter too. MetLife sells life, medical, dental, loan protection and retirement savings, with Mexico and Chile carrying the most weight.
Each route brings in insurance payments from households, workers and retirement savers. MetLife then pays claims and invests the waiting money. Wider distribution can add customers quickly, but rising prices can make coverage harder to afford and can also lift the cost of medical care.
Competes with Life and Major Medical Expenses (GNP) · Corporate Life & Pensions (Zurich)
Europe, Middle East and AfricaLife, health, credit and employee coverage across the Gulf and parts of Europe generated $3.15 billion of FY2025 gross revenue. Recent sales were growing quickly, but medical inflation and local currencies can bite.Life, health, credit and employee coverage across the Gulf and parts of Europe generated $3.15 billion of FY2025 gross revenue. Recent sales were growing quickly, but medical inflation and local currencies can bite.
In plain English
Smaller than MetLife's other regional businesses, this one is a patchwork led by the Gulf, Britain, Turkey and France. Employers buy worker benefits, while households buy life, health, loan protection and retirement products.
There is no single front door: banks, agents, brokers, employers and partner groups all bring customers in. Their payments are pooled and invested until MetLife pays a claim or savings benefit. Growth depends on keeping those partners and setting prices ahead of medical bills and inflation, while local rules and currencies make each country behave differently.
Competes with Life, Health and Pensions (Allianz Turkey) · Corporate and individual health (Cigna Middle East)
Named in filings, launches and programs
- Pension Risk TransfersProduct lineGroup annuities that take over company pension promises; MetLife wrote more than $14 billion in 2025, though deal flow slowed in early 2026.
- U.K. Longevity ReinsuranceServiceAgreements that pay when pensioners live longer than expected; roughly $11 billion of 2025 business made this a major retirement channel.
- U.K. Funded ReinsuranceService · RampingA newer deal type that takes both insurance risk and the investments supporting it; first-half 2026 activity exceeded $1 billion.
- Chariot ReEcosystemA Bermuda reinsurer co-sponsored with General Atlantic, launched around a roughly $10 billion block of MetLife payment obligations.
- Talcott Variable Annuity Risk TransferCustomer programA $10 billion handoff of guarantees on market-linked retirement accounts; MetLife kept customer service while its investing arm continued managing about $6 billion.
- MetLife XceleratorPlatformPuts insurance inside Latin American banks, digital wallets, online marketplaces and retailers, reaching roughly four million customers through partners including Mercado Libre.
- Upwise / Workday MarketplacePlatformA Nayya collaboration that helps employees choose and use workplace benefits through software their employers already use.
- PineBridge InvestmentsBrandThe acquired investment manager that broadened MetLife's investing menu and helped lift the money-management arm's scale.
- MetLife Legal PlansProduct linePrepaid access to legal help within workplace benefits; related service revenue was $637 million in FY2025.
- MetLife Pet InsuranceProduct lineHelps cover pet-health expenses through employers, partner groups and direct sales.
- PNB MetLife IndiaBrandAn Indian life-insurance joint venture that received strategic investment from MetLife during FY2025.
Pension Risk TransfersProduct line
Group annuities that take over company pension promises; MetLife wrote more than $14 billion in 2025, though deal flow slowed in early 2026.
U.K. Longevity ReinsuranceService
Agreements that pay when pensioners live longer than expected; roughly $11 billion of 2025 business made this a major retirement channel.
U.K. Funded ReinsuranceService · Ramping
A newer deal type that takes both insurance risk and the investments supporting it; first-half 2026 activity exceeded $1 billion.
Chariot ReEcosystem
A Bermuda reinsurer co-sponsored with General Atlantic, launched around a roughly $10 billion block of MetLife payment obligations.
Talcott Variable Annuity Risk TransferCustomer program
A $10 billion handoff of guarantees on market-linked retirement accounts; MetLife kept customer service while its investing arm continued managing about $6 billion.
MetLife XceleratorPlatform
Puts insurance inside Latin American banks, digital wallets, online marketplaces and retailers, reaching roughly four million customers through partners including Mercado Libre.
Upwise / Workday MarketplacePlatform
A Nayya collaboration that helps employees choose and use workplace benefits through software their employers already use.
PineBridge InvestmentsBrand
The acquired investment manager that broadened MetLife's investing menu and helped lift the money-management arm's scale.
MetLife Legal PlansProduct line
Prepaid access to legal help within workplace benefits; related service revenue was $637 million in FY2025.
MetLife Pet InsuranceProduct line
Helps cover pet-health expenses through employers, partner groups and direct sales.
PNB MetLife IndiaBrand
An Indian life-insurance joint venture that received strategic investment from MetLife during FY2025.