MetLife, Inc.
metlife.comWhat Do They Do?
Provides insurance, annuities, employee benefits and asset management to corporations, other institutions, their employees and individuals.
10-K for FY2025, filed Feb 19, 2026
How Do They Make Money?
Customers pay premiums for insurance coverage over the coverage period; employers and institutions pay fees for vision, prepaid legal, administrative and asset-management services, generally as services are provided. Asset-management fees are based on assets under management or committed or invested capital.
10-K for FY2025, filed Feb 19, 2026A guaranteed benefit upon the death of the insured for a specified time period in return for the periodic payment of premiums. Premiums may…View ↗
Other revenues primarily include fees related to service contracts from customers for vision fee for service arrangements, prepaid legal…View ↗
Asset management fees are principally based on contractual rates applied to assets under management, or committed or invested capital…View ↗
-
10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by product or service (Revenue from Contract with Customer, Excluding Assessed Tax) ↗
$77.1B
-
10-K for FY2025, filed Feb 19, 2026
$77.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Vision fee for service arrangements
Recurring
10-K for FY2025, filed Feb 19, 2026 |
23%
FY2022: 27%
|
Vision fee for service arrangements, FY2025
$561M Sources
|
Recurring |
|
Prepaid legal plans
Recurring
10-K for FY2025, filed Feb 19, 2026 |
26%
FY2022: 22%
|
Prepaid legal plans, FY2025
$637M Sources
|
Recurring |
|
Institutional Client asset management fees (1)
Recurring
10-K for FY2025, filed Feb 19, 2026 |
15%
FY2022: 19%
|
Institutional Client asset management fees (1), FY2025
$369M Sources
|
Recurring |
|
ASO contracts
Recurring
10-K for FY2025, filed Feb 19, 2026 |
12%
FY2022: 11%
|
ASO contracts, FY2025
$295M Sources
|
Recurring |
|
Recordkeeping and administrative services (2)
Recurring
|
5.8%
FY2022: 8.0%
|
Recordkeeping and administrative services (2), FY2025
$142M Sources
|
Recurring |
|
Other revenue from service contracts from customers
Recurring
10-K for FY2025, filed Feb 19, 2026 |
18%
FY2022: 13%
|
Other revenue from service contracts from customers, FY2025
$432M Sources
|
Recurring |
Who Are Their Customers?
Employers and other group customers buy directly or through brokers or consultants; institutional retirement customers buy directly or through brokers, consultants or other intermediaries; individual customers are reached through agency and bank channels.
10-K for FY2025, filed Feb 19, 2026We distribute Group Benefits products and services through a sales force primarily comprised of MetLife employees that is segmented by the…View ↗
We distribute RIS products and services through dedicated sales teams and relationship managers primarily comprised of MetLife employees.…View ↗
Our Asia operations are geographically diverse encompassing both developed and emerging markets. We operate in nine jurisdictions…View ↗
In Japan, our face-to-face channels, including both career and general agency, continue to be critical to our overall distribution…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 19, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Growing. Revenue grew 12% in 4 years, from $68.7B in FY2021 to $77.1B in FY2025, about 3% a year.
Loading...
