MetLife Inc
MET—
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MetLife Inc AI Insights
Informational only. Not investment advice.Snapshot
- FCF of 14.6B TTM equals 28% of market cap - exceptional cash generation for a life insurer trading at 14.7x P/E[Free Cash Flow TTM]
- Revenue declining 7.7% 1Y and -8.9% 3Y CAGR while industry median grows 6.9% - structural headwind[Total Revenue 1Y Growth]
- Goodwill 9.1B is 31% of equity - manageable but watch for impairment if earnings pressure continues[Goodwill]
Watch Triggers
- Total Revenue 1Y Growth: Turns positive or decline accelerates beyond -10% — Revenue trajectory determines if decline is cyclical or structural
- Free Cash Flow TTM: Falls below 10B or FCF/Net Income diverges significantly — Cash generation is primary bull case - degradation invalidates thesis
- Goodwill: Impairment charge announced — 9.1B goodwill (31% of equity) impairment would pressure book value
Bull Case
FCF machine: 14.6B TTM cash flow on 52B market cap = 28% FCF yield, funding buybacks and 2.23 dividend at 0.69 debt/equity
Free Cash Flow TTMDebt to EquityDividends Paid Per Share TTM
Valuation discount: P/E 14.7x near industry median 13.8x despite 3x larger scale (70.8B revenue vs 4.3B median)
PE RatioTotal Revenue TTMPS Ratio
Bear Case
Revenue in structural decline: -7.7% 1Y, -8.9% 3Y CAGR vs industry +6.9% median - suggests market share loss or product headwinds
Total Revenue 1Y GrowthTotal Revenue 3Y Growth
EPS down 33% 1Y and -3.8% 3Y CAGR - earnings quality deteriorating despite strong cash flow
EPS Growth 1YEPS Growth 3YNet Margin TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
45%
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Forward Thesis
Capital return acceleration likely as FCF yield (28%) vastly exceeds dividend yield (~3%)
1-3ymed
- 14.6B FCF vs 1.5B dividends leaves 13B+ for buybacks/debt paydown
- Debt/equity 0.69 provides balance sheet flexibility
- Shares outstanding 669M can shrink meaningfully
FCF TTM 14.6B, dividend 2.23/shareNet debt issuance -209M (paying down)P/B 2.6x vs book 43.26/share
Valuation Context
Caveats
MET Fundamentals
Finance and Insurance → Insurance Carriers and Related Activities
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$56.34B | — | ||
$54.78B | — | ||
17 | — | ||
$75.98B | +4.7% | — | |
$5.17 | -15.5% | — | |
0% | — | ||
4.76% | -1.5% | — | |
$15.52B | -6.1% | — | |
13.2% | -2.9% | — | |
Beta 5Y (Monthly) | unknown | — |
MET Dividend History
67 dividends
2026
$1.160005/12/26$0.5925
02/03/26$0.5675
2025
$2.247511/04/25$0.5675
08/05/25$0.5675
05/06/25$0.5675
02/04/25$0.5450
2024
$2.155011/05/24$0.5450
08/06/24$0.5450
05/06/24$0.5450
02/05/24$0.5200
2023
$2.060011/08/23$0.5200
08/07/23$0.5200
05/08/23$0.5200
02/06/23$0.5000
2022
$1.980011/07/22$0.5000
08/08/22$0.5000
05/09/22$0.5000
02/07/22$0.4800
2021
$1.900011/08/21$0.4800
08/09/21$0.4800
05/10/21$0.4800
02/04/21$0.4600
2020
$1.820011/02/20$0.4600
08/03/20$0.4600
05/07/20$0.4600
02/03/20$0.4400
2019
$1.740011/04/19$0.4400
08/05/19$0.4400
05/06/19$0.4400
02/04/19$0.4200
2018
$1.660011/05/18$0.4200
08/03/18$0.4200
05/04/18$0.4200
02/02/18$0.4000
2017
$1.600011/03/17$0.4000
08/03/17$0.4000
05/04/17$0.4000
02/02/17$0.4000
2016
$1.575011/03/16$0.4000
08/04/16$0.4000
05/05/16$0.4000
02/03/16$0.3750
2015
$1.475011/04/15$0.3750
08/05/15$0.3750
05/07/15$0.3750
02/04/15$0.3500
2014
$1.325011/05/14$0.3500
08/06/14$0.3500
05/07/14$0.3500
02/04/14$0.2750
2013
$1.010011/06/13$0.2750
08/07/13$0.2750
05/07/13$0.2750
02/04/13$0.1850
2012
$0.740011/07/12$0.7400
2011
$0.740011/07/11$0.7400
2010
$0.740011/05/10$0.7400
2009
$0.740011/05/09$0.7400
2008
$0.740011/06/08$0.7400
2007
$0.740011/02/07$0.7400
2006
$0.590011/02/06$0.5900
2005
$0.520011/03/05$0.5200
2004
$0.460011/03/04$0.4600
2003
$0.230011/05/03$0.2300
2002
$0.210011/06/02$0.2100
2001
$0.200011/02/01$0.2000
2000
$0.200011/03/00$0.2000
MET Stock Splits
No stock splits
MET SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/07/26 | 03/31/26 | 10-Q | |
02/19/26 | 12/31/25 | 10-K | |
11/07/25 | 09/30/25 | 10-Q | |
08/07/25 | 06/30/25 | 10-Q | |
05/01/25 | 03/31/25 | 10-Q | |
02/21/25 | 12/31/24 | 10-K | |
11/01/24 | 09/30/24 | 10-Q | |
08/01/24 | 06/30/24 | 10-Q | |
05/02/24 | 03/31/24 | 10-Q | |
02/16/24 | 12/31/23 | 10-K | |
11/02/23 | 09/30/23 | 10-Q | |
08/04/23 | 06/30/23 | 10-Q | |
05/04/23 | 03/31/23 | 10-Q | |
02/23/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
02/18/22 | 12/31/21 | 10-K | |
11/09/21 | 09/30/21 | 10-Q | |
08/06/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
02/19/21 | 12/31/20 | 10-K | |
11/09/20 | 09/30/20 | 10-Q | |
08/07/20 | 06/30/20 | 10-Q | |
05/08/20 | 03/31/20 | 10-Q | |
02/21/20 | 12/31/19 | 10-K | |
11/05/19 | 09/30/19 | 10-Q | |
08/06/19 | 06/30/19 | 10-Q | |
05/08/19 | 03/31/19 | 10-Q | |
02/22/19 | 12/31/18 | 10-K | |
11/08/18 | 09/30/18 | 10-Q | |
08/07/18 | 06/30/18 | 10-Q | |
05/08/18 | 03/31/18 | 10-Q | |
03/01/18 | 12/31/17 | 10-K | |
11/06/17 | 09/30/17 | 10-Q | |
08/04/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
03/01/17 | 12/31/16 | 10-K | |
11/03/16 | 09/30/16 | 10-Q | |
08/05/16 | 06/30/16 | 10-Q | |
05/06/16 | 03/31/16 | 10-Q | |
02/25/16 | 12/31/15 | 10-K | |
11/05/15 | 09/30/15 | 10-Q | |
08/06/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
02/27/15 | 12/31/14 | 10-K | |
11/06/14 | 09/30/14 | 10-Q | |
08/08/14 | 06/30/14 | 10-Q | |
05/08/14 | 03/31/14 | 10-Q | |
02/27/14 | 12/31/13 | 10-K | |
11/07/13 | 09/30/13 | 10-Q | |
08/07/13 | 06/30/13 | 10-Q | |
05/07/13 | 03/31/13 | 10-Q | |
02/27/13 | 12/31/12 | 10-K | |
11/07/12 | 09/30/12 | 10-Q | |
08/07/12 | 06/30/12 | 10-Q | |
05/08/12 | 03/31/12 | 10-Q | |
02/28/12 | 12/31/11 | 10-K | |
11/04/11 | 09/30/11 | 10-Q | |
08/05/11 | 06/30/11 | 10-Q | |
05/10/11 | 03/31/11 | 10-Q | |
02/25/11 | 12/31/10 | 10-K | |
11/04/11 | 09/30/10 | 10-Q | |
08/02/10 | 06/30/10 | 10-Q | |
05/05/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
11/04/09 | 09/30/09 | 10-Q | |
11/04/10 | 09/30/09 | 10-Q | |
08/04/09 | 06/30/09 | 10-Q | |
05/07/09 | 03/31/09 | 10-Q | |
03/02/09 | 12/31/08 | 10-K | |
11/07/08 | 09/30/08 | 10-Q | |
08/04/08 | 06/30/08 | 10-Q | |
05/09/08 | 03/31/08 | 10-Q | |
02/28/08 | 12/31/07 | 10-K | |
11/05/07 | 09/30/07 | 10-Q | |
08/03/07 | 06/30/07 | 10-Q | |
05/04/07 | 03/31/07 | 10-Q | |
03/01/07 | 12/31/06 | 10-K | |
11/08/06 | 09/30/06 | 10-Q | |
08/08/06 | 06/30/06 | 10-Q | |
05/09/06 | 03/31/06 | 10-Q | |
02/28/06 | 12/31/05 | 10-K | |
11/09/05 | 09/30/05 | 10-Q | |
08/03/05 | 06/30/05 | 10-Q | |
05/06/05 | 03/31/05 | 10-Q | |
03/07/05 | 12/31/04 | 10-K | |
11/05/04 | 09/30/04 | 10-Q | |
08/03/04 | 06/30/04 | 10-Q | |
05/05/04 | 03/31/04 | 10-Q | |
03/05/04 | 12/31/03 | 10-K | |
11/07/03 | 09/30/03 | 10-Q | |
08/13/03 | 06/30/03 | 10-Q | |
05/14/03 | 03/31/03 | 10-Q | |
03/19/03 | 12/31/02 | 10-K | |
11/14/02 | 09/30/02 | 10-Q | |
08/14/02 | 06/30/02 | 10-Q | |
05/14/02 | 03/31/02 | 10-Q | |
03/18/02 | 12/31/01 | 10-K405 | |
11/13/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/15/01 | 03/31/01 | 10-Q | |
03/14/01 | 12/31/00 | 10-K405 | |
11/14/00 | 09/30/00 | 10-Q | |
08/14/00 | 06/30/00 | 10-Q | |
05/19/00 | 03/31/00 | 10-Q |