MetLife (MET) Revenue & Revenue Breakdown
MetLife Revenue Highlights
Latest Revenue (Y)
$66.41B
Latest Revenue (Q)
$17.82B
Main Segment (Y)
Life Insurance Product Line
Main Geography (Y)
Asia Segment
MetLife Revenue by Period
MetLife Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $66.41B | -4.99% |
| 2022-12-31 | $69.90B | -1.66% |
| 2021-12-31 | $71.08B | 4.77% |
| 2020-12-31 | $67.84B | -2.55% |
| 2019-12-31 | $69.62B | 2.47% |
| 2018-12-31 | $67.94B | 9.04% |
| 2017-12-31 | $62.31B | 2.60% |
| 2016-12-31 | $60.73B | -0.86% |
| 2015-12-31 | $61.26B | -16.39% |
| 2014-12-31 | $73.27B | 5.58% |
| 2013-12-31 | $69.40B | 1.20% |
| 2012-12-31 | $68.57B | 4.87% |
| 2011-12-31 | $65.38B | 23.18% |
| 2010-12-31 | $53.08B | 29.28% |
| 2009-12-31 | $41.06B | -19.48% |
| 2008-12-31 | $50.99B | -3.81% |
| 2007-12-31 | $53.01B | 9.53% |
| 2006-12-31 | $48.40B | 8.08% |
| 2005-12-31 | $44.78B | 14.77% |
| 2004-12-31 | $39.01B | 9.01% |
| 2003-12-31 | $35.79B | 7.97% |
| 2002-12-31 | $33.15B | 3.82% |
| 2001-12-31 | $31.93B | -0.06% |
| 2000-12-31 | $31.95B | 29.09% |
| 1999-12-31 | $24.75B | -6.70% |
| 1998-12-31 | $26.52B | 1770.59% |
| 1997-12-31 | $1.42B | 14.08% |
| 1996-12-31 | $1.24B | 5.61% |
| 1995-12-31 | $1.18B | - |
MetLife generated $66.41B in revenue during NA 2023, up -4.99% compared to the previous quarter, and up 97.74% compared to the same period a year ago.
MetLife Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $17.82B | 11.00% |
| 2024-03-31 | $16.06B | -15.61% |
| 2023-12-31 | $19.03B | 19.93% |
| 2023-09-30 | $15.87B | -4.55% |
| 2023-06-30 | $16.62B | 8.03% |
| 2023-03-31 | $15.39B | -5.69% |
| 2022-12-31 | $16.32B | -26.78% |
| 2022-09-30 | $22.28B | 44.00% |
| 2022-06-30 | $15.47B | 0.45% |
| 2022-03-31 | $15.40B | -23.32% |
| 2021-12-31 | $20.09B | 18.83% |
| 2021-09-30 | $16.91B | -8.74% |
| 2021-06-30 | $18.52B | 19.03% |
| 2021-03-31 | $15.56B | -19.86% |
| 2020-12-31 | $19.42B | 21.25% |
| 2020-09-30 | $16.02B | 13.59% |
| 2020-06-30 | $14.10B | -23.00% |
| 2020-03-31 | $18.31B | 6.81% |
| 2019-12-31 | $17.14B | -8.22% |
| 2019-09-30 | $18.68B | 6.75% |
| 2019-06-30 | $17.50B | 7.33% |
| 2019-03-31 | $16.30B | 4.09% |
| 2018-12-31 | $15.66B | -3.85% |
| 2018-09-30 | $16.29B | -23.11% |
| 2018-06-30 | $21.18B | 43.09% |
| 2018-03-31 | $14.80B | -6.49% |
| 2017-12-31 | $15.83B | -2.01% |
| 2017-09-30 | $16.16B | 5.44% |
| 2017-06-30 | $15.32B | 2.49% |
| 2017-03-31 | $14.95B | 16.54% |
| 2016-12-31 | $12.83B | -18.81% |
| 2016-09-30 | $15.80B | 15.52% |
| 2016-06-30 | $13.68B | -17.65% |
| 2016-03-31 | $16.61B | -2.54% |
| 2015-12-31 | $17.04B | -5.47% |
| 2015-09-30 | $18.03B | 11.54% |
| 2015-06-30 | $16.17B | -13.60% |
| 2015-03-31 | $18.71B | -2.14% |
| 2014-12-31 | $19.12B | 1.45% |
| 2014-09-30 | $18.85B | 3.18% |
| 2014-06-30 | $18.27B | 6.91% |
| 2014-03-31 | $17.09B | -7.44% |
| 2013-12-31 | $18.46B | 12.98% |
| 2013-09-30 | $16.34B | 3.92% |
| 2013-06-30 | $15.72B | -11.10% |
| 2013-03-31 | $17.68B | 2.02% |
| 2012-12-31 | $17.33B | 5.03% |
| 2012-09-30 | $16.50B | -10.30% |
| 2012-06-30 | $18.40B | 15.59% |
| 2012-03-31 | $15.92B | -4.95% |
| 2011-12-31 | $16.75B | -18.15% |
| 2011-09-30 | $20.46B | 19.29% |
| 2011-06-30 | $17.15B | 7.78% |
| 2011-03-31 | $15.91B | 23.95% |
| 2010-12-31 | $12.84B | 4.04% |
| 2010-09-30 | $12.34B | -13.39% |
| 2010-06-30 | $14.25B | 8.01% |
| 2010-03-31 | $13.19B | 6.88% |
| 2009-12-31 | $12.34B | 20.54% |
| 2009-09-30 | $10.24B | 23.86% |
| 2009-06-30 | $8.27B | -19.09% |
| 2009-03-31 | $10.22B | -26.42% |
| 2008-12-31 | $13.88B | 3.79% |
| 2008-09-30 | $13.38B | -2.46% |
| 2008-06-30 | $13.71B | 5.28% |
| 2008-03-31 | $13.03B | - |
MetLife generated $17.82B in revenue during Q2 2024, up 11.00% compared to the previous quarter, and up 115.82% compared to the same period a year ago.
MetLife Revenue Breakdown
MetLife Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Accident and Health Insurance Product Line | $18.01B | $15.35B | $15.16B | - | - |
| Life Insurance Product Line | $22.11B | $21.26B | $20.76B | - | - |
| Investment Product | $10.19B | $7.92B | $8.59B | - | - |
| Other Products | $1.64B | $1.38B | $1.46B | - | - |
| Administrative Service | - | $238.00M | $231.00M | - | - |
| Distribution Service | - | $168.00M | $213.00M | - | - |
| Vision fee for service arrangements | - | $566.00M | $546.00M | - | - |
| Prepaid legal plans and administrative-only contracts | - | $471.00M | $432.00M | $347.00M | - |
| Other revenue from service contracts from customers | - | $271.00M | $289.00M | $240.00M | - |
| Fee-based investment management services | - | $396.00M | $363.00M | $286.00M | - |
| Property, Liability and Casualty Insurance Product Line | - | - | - | $3.59B | $3.72B |
| Administrative services-only contracts | - | - | - | - | $210.00M |
| Distribution and Administrative Services fees | - | - | - | - | $206.00M |
MetLife's latest annual revenue breakdown by segment (product or service), as of Dec 23: Life Insurance Product Line (42.55%), Accident and Health Insurance Product Line (34.67%), Investment Product (19.62%), and Other Products (3.16%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other revenue from service contracts from customers | $79.00M | $75.00M | $68.00M | $71.00M | $74.00M | $62.00M | $67.00M | $68.00M | $79.00M | $69.00M | $74.00M | $67.00M | $68.00M | $45.00M | $54.00M | $60.00M | $51.00M | $54.00M | $64.00M | $71.00M |
| Fee-based investment management services | $98.00M | $103.00M | $103.00M | $100.00M | $97.00M | $97.00M | $100.00M | $102.00M | $97.00M | $95.00M | $86.00M | $85.00M | $86.00M | $82.00M | $71.00M | $79.00M | $73.00M | $67.00M | $69.00M | $77.00M |
| Vision fee for service arrangements | $130.00M | $144.00M | $143.00M | $159.00M | $139.00M | $135.00M | $138.00M | $154.00M | $136.00M | $135.00M | $135.00M | $140.00M | - | - | - | - | - | - | - | - |
| Prepaid legal plans and administrative-only contracts | $145.00M | $128.00M | $130.00M | $131.00M | $115.00M | $118.00M | $118.00M | $120.00M | $108.00M | $107.00M | $108.00M | $109.00M | $95.00M | $100.00M | $99.00M | $101.00M | $88.00M | $87.00M | $86.00M | $86.00M |
| Administrative Service | $69.00M | $65.00M | $64.00M | $64.00M | $61.00M | $59.00M | $59.00M | $59.00M | - | - | - | - | - | - | - | - | - | - | - | - |
| Distribution Service | $37.00M | $39.00M | $38.00M | $37.00M | $38.00M | $40.00M | $43.00M | $47.00M | - | - | - | - | - | - | - | - | - | - | - | - |
| Distribution and Administrative Services fees | - | - | - | - | - | - | - | - | - | $54.00M | $53.00M | $53.00M | $51.00M | $50.00M | $46.00M | $49.00M | $52.00M | $52.00M | $52.00M | $50.00M |
| Administrative services-only contracts | - | - | - | - | - | - | - | - | - | $56.00M | $58.00M | $61.00M | $54.00M | $54.00M | $54.00M | $56.00M | $51.00M | $53.00M | $53.00M | $53.00M |
MetLife's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Prepaid legal plans and administrative-only contracts (25.99%), Vision fee for service arrangements (23.30%), Fee-based investment management services (17.56%), Other revenue from service contracts from customers (14.16%), Administrative Service (12.37%), and Distribution Service (6.63%).
MetLife Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Latin America Segment | $7.37B | - | - | - | - |
| Asia Segment | $10.93B | - | - | - | - |
| EMEA Segment | $2.54B | - | - | - | - |
| UNITED STATES | - | $43.32B | $35.25B | $34.72B | $34.43B |
| Other Foreign Countries | - | $8.77B | $8.71B | $8.02B | $8.64B |
| JAPAN | - | $5.53B | $6.43B | $6.75B | $6.61B |
MetLife's latest annual revenue breakdown by geography, as of Dec 23: Asia Segment (52.43%), Latin America Segment (35.37%), and EMEA Segment (12.20%).
Quarterly Revenue by Country
| Country | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Europe, Middle East And Africa Segment | $675.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Latin America Segment | $1.90B | $1.97B | $1.85B | $1.80B | $1.75B | $1.57B | $1.52B | $1.59B | $1.35B | $1.32B | $1.29B | $1.24B | $1.17B | - | - | - | - | - | - | - |
| Asia Segment | $2.83B | $2.71B | $2.77B | $2.78B | $2.67B | $2.60B | $2.62B | $2.93B | $3.26B | $3.30B | $3.44B | $3.19B | $3.42B | - | - | - | - | - | - | - |
| EMEA Segment | - | $649.00M | $639.00M | $629.00M | $626.00M | $603.00M | $585.00M | $624.00M | $647.00M | $665.00M | $716.00M | $806.00M | $741.00M | - | - | - | - | - | - | - |
| UNITED STATES | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.66B | $7.12B | $7.96B | $10.33B | $9.15B | $8.53B | $7.78B |
| EMEA | - | - | - | - | - | - | - | - | - | - | - | - | - | $747.00M | $723.00M | $766.00M | $741.00M | $729.00M | $742.00M | $733.00M |
| Asia | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.35B | $2.79B | $3.02B | $3.03B | $3.01B | $3.01B | $3.00B |
| Latin America | - | - | - | - | - | - | - | - | - | - | - | - | - | $982.00M | $997.00M | $1.14B | $1.21B | $1.26B | $1.42B | $1.24B |
MetLife's latest quarterly revenue breakdown by geography, as of Jun 24: Asia Segment (52.36%), Latin America Segment (35.17%), and Europe, Middle East And Africa Segment (12.47%).
MetLife Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| MET | MetLife | $66.41B | $17.82B |
| MFC | Manulife Financial | $42.31B | $12.55B |
| AFL | Aflac | $18.70B | $5.14B |
| UNM | Unum Group | $12.39B | $3.23B |
| LNC | Lincoln National | $11.64B | $5.15B |
| PUK | Prudential | $10.86B | $5.37B |
| GL | Globe Life | $5.45B | $1.44B |
| CNO | CNO Financial Group | $4.15B | $1.07B |
| JXN | Jackson Financial | $3.16B | $-322.00M |
| PRU | Prudential Financial | $-3.17B | $14.88B |
MET Revenue FAQ
What is MetLife’s yearly revenue?
MetLife's yearly revenue for 2023 was $66.41B, representing a decrease of -4.99% compared to 2022. The company's yearly revenue for 2022 was $69.9B, representing a decrease of -1.66% compared to 2021. MET's yearly revenue for 2021 was $71.08B, representing an increase of 4.77% compared to 2020.
What is MetLife’s quarterly revenue?
MetLife's quarterly revenue for Q2 2024 was $17.82B, a 11.00% increase from the previous quarter (Q1 2024), and a 7.22% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $16.06B, a -15.61% decrease from the previous quarter (Q4 2023), and a 4.35% increase year-over-year (Q1 2023). MET's quarterly revenue for Q4 2023 was $19.03B, a 19.93% increase from the previous quarter (Q3 2023), and a 16.62% increase year-over-year (Q4 2022).
What is MetLife’s revenue growth rate?
MetLife's revenue growth rate for the last 3 years (2021-2023) was -6.57%, and for the last 5 years (2019-2023) was -4.62%.
What are MetLife’s revenue streams?
MetLife's revenue streams in c 23 are Accident and Health Insurance Product Line, Life Insurance Product Line, Investment Product, and Other Products. Accident and Health Insurance Product Line generated $18.01B in revenue, accounting 34.67% of the company's total revenue, up 17.39% year-over-year. Life Insurance Product Line generated $22.11B in revenue, accounting 42.55% of the company's total revenue, up 4.02% year-over-year. Investment Product generated $10.19B in revenue, accounting 19.62% of the company's total revenue, up 28.76% year-over-year. Other Products generated $1.64B in revenue, accounting 3.16% of the company's total revenue, up 19.14% year-over-year.
What is MetLife’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of MetLife was Life Insurance Product Line. This segment made a revenue of $22.11B, representing 42.55% of the company's total revenue.