MetLife Inc. (MET) Financial Statements (2025 and earlier)

Company Profile

Business Address 200 PARK AVENUE
NEW YORK, NY 10166
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6311 - Life Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,59024,72426,68421,40922,33822,640
Cash and cash equivalents20,78619,84020,63914,91215,41718,456
Short-term investments3,8044,8846,0456,4976,9214,184
Total current assets:24,59024,72426,68421,40922,33822,640
Noncurrent Assets
Operating lease, right-of-use asset   1,061   
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases    732725725
Long-term investments and receivables   25,200   
Long-term investments   25,200   
Intangible assets, net (including goodwill)8,9509,03710,0309,1099,2619,379
Goodwill8,9509,0379,2369,1099,2619,379
Intangible assets, net (excluding goodwill)   794   
Deferred income tax assets2,6812,7512,6123,1742,3772,257
Total noncurrent assets:11,63111,78838,90313,01512,36312,361
Other undisclosed assets639,524641,064621,997617,696642,578639,265
TOTAL ASSETS:675,745677,576687,584652,120677,279674,266
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  10 59 554
Accrued liabilities  10 59 554
Debt390127119161200168
Total current liabilities:390137119220200722
Noncurrent Liabilities
Liabilities, other than long-term debt2168359271287521,111
Deferred income tax liabilities2168359271287521,111
Total noncurrent liabilities:2168359271287521,111
Other undisclosed liabilities647,599647,808656,285625,877645,835640,010
Total liabilities:648,205648,780657,331626,225646,787641,843
Equity
Equity, attributable to parent27,25228,53530,01525,65830,26132,194
Common stock121212121212
Treasury stock, value(26,637)(25,774)(24,591)(23,724)(22,923)(22,245)
Additional paid in capital33,74033,71833,69033,66633,63033,617
Accumulated other comprehensive loss(20,736)(19,771)(19,242)(24,254)(20,386)(19,147)
Retained earnings40,87340,35040,14639,95839,92839,957
Equity, attributable to noncontrolling interest288261238237231229
Total equity:27,54028,79630,25325,89530,49232,423
TOTAL LIABILITIES AND EQUITY:675,745677,576687,584652,120677,279674,266

Income Statement (P&L) ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues17,82316,05719,02815,86616,62315,388
Premiums earned, net11,62810,05311,78611,23011,6789,589
Net investment income5,2055,4365,3664,8255,0724,645
Cost of revenue(13,633)(12,511)(14,343)(12,941)(13,893)(11,895)
Policyholder benefits and claims incurred, net(11,485)(10,074)(11,779)(11,130)(11,809)(9,872)
Policyholder account balance, interest expense(2,000)(2,290)(2,405)(1,658)(1,933)(1,864)
Gross profit:4,1903,5464,6852,9252,7303,493
Operating expenses(3,180)(3,217)(3,316)(3,204)(3,133)(3,057)
Other operating expense, net
(Other Expenses)
(3,113)(3,191)(3,277)(3,189)(3,133)(3,057)
Operating loss:(2,103)(2,862)(1,908)(3,468)(3,536)(2,621)
Interest and debt expense(257)(264)(269)(265)(256)(255)
Loss from continuing operations before equity method investments, income taxes:(2,360)(3,126)(2,177)(3,733)(3,792)(2,876)
Other undisclosed income from continuing operations before income taxes3,5624,1713,1184,2674,2223,133
Income from continuing operations before income taxes:1,2021,045941534430257
Income tax expense(249)(170)(327)(39)(22)(172)
Net income:95387561449540885
Net income (loss) attributable to noncontrolling interest(7)(8)(7)(6)(6)(5)
Net income attributable to parent:94686760748940280
Other undisclosed net loss available to common stockholders, basic(34)(67)(33)(67)(32)(66)
Net income available to common stockholders, diluted:91280057442237014

Comprehensive Income ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:95387561449540885
Other comprehensive income (loss)(964)(528) (3,868)(1,237)3,456
Other undisclosed comprehensive income   5,010   
Comprehensive income (loss):(11)3475,624(3,373)(829)3,541
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(9)(5)(6)(8)13
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(19)3385,619(3,379)(837)3,554

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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