MetLife (MET) Revenue & Revenue Breakdown

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MetLife Revenue Highlights

Latest Revenue (Y)

$66.41B

Latest Revenue (Q)

$18.44B

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
2024-09-30	$18.44B	3.46%
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	-27.43%
2022-09-30	$22.48B	45.30%
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 $18.44B in revenue during Q3 2024, up 3.46% compared to the previous quarter, and up 110.93% 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
Other Products	$1.64B	$1.38B	$1.46B	-	-
Investment Product	$10.19B	$7.92B	$8.59B	-	-
Accident and Health Insurance Product Line	$18.01B	$15.35B	$15.16B	-	-
Life Insurance Product Line	$22.11B	$21.26B	$20.76B	-	-
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	Sep 24	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
Administrative Service	$69.00M	$69.00M	$65.00M	$64.00M	$64.00M	$61.00M	$59.00M	$59.00M	$59.00M	-	-	-	-	-	-	-	-	-	-	-
Distribution Service	$38.00M	$37.00M	$39.00M	$38.00M	$37.00M	$38.00M	$40.00M	$43.00M	$47.00M	-	-	-	-	-	-	-	-	-	-	-
Other revenue from service contracts from customers	$78.00M	$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
Vision fee for service arrangements	$126.00M	$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	$144.00M	$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
Fee-based investment management services	$99.00M	$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
Administrative services-only contracts	-	-	-	-	-	-	-	-	-	-	$56.00M	$58.00M	$61.00M	$54.00M	$54.00M	$54.00M	$56.00M	$51.00M	$53.00M	$53.00M
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

MetLife's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Prepaid legal plans and administrative-only contracts (25.99%), Vision fee for service arrangements (22.74%), Fee-based investment management services (17.87%), Other revenue from service contracts from customers (14.08%), Administrative Service (12.45%), and Distribution Service (6.86%).

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	Sep 24	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
Latin America Segment	$1.93B	$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	-	-	-	-	-	-
Europe, Middle East And Africa Segment	$710.00M	$675.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asia Segment	$2.84B	$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
Latin America	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$982.00M	$997.00M	$1.14B	$1.21B	$1.26B	$1.42B
EMEA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$747.00M	$723.00M	$766.00M	$741.00M	$729.00M	$742.00M
Asia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.35B	$2.79B	$3.02B	$3.03B	$3.01B	$3.01B

MetLife's latest quarterly revenue breakdown by geography, as of Sep 24: Asia Segment (51.83%), Latin America Segment (35.22%), and Europe, Middle East And Africa Segment (12.95%).

MetLife Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MET	MetLife	$66.41B	$18.44B
MFC	Manulife Financial	$42.31B	$12.55B
AFL	Aflac	$18.70B	$2.95B
UNM	Unum Group	$12.39B	$3.22B
LNC	Lincoln National	$11.64B	$4.11B
PUK	Prudential	$10.86B	$5.37B
GL	Globe Life	$5.45B	$1.46B
CNO	CNO Financial Group	$4.15B	$1.12B
JXN	Jackson Financial	$3.16B	$1.25B
PRU	Prudential Financial	$-3.17B	$19.49B

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 Q3 2024 was $18.44B, a 3.46% increase from the previous quarter (Q2 2024), and a 16.22% increase year-over-year (Q3 2023). The company'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). MET'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).

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 Other Products, Investment Product, Accident and Health Insurance Product Line, and Life Insurance Product Line. Other Products generated $1.64B in revenue, accounting 3.16% of the company's total revenue, up 19.14% 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. 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.

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.