Jennifer Rudden
Research Lead Financial Services & Real estate
MetLife - statistics & facts
Metropolitan Life Insurance Company—more commonly referred to as MetLife—is a global provider of insurance, annuities, and employee benefit programs. The company was founded in 1868 and has since grown to become one of the leading global life and health insurance companies worldwide, with total revenues of approximately 70 million U.S. dollars in 2022 alone. The company’s principal office is located in New York City’s Midtown Manhattan. In recent years, MetLife’s profit was the highest of stock life and health insurance companies in the United States, amounting to a value of over five billion U.S. dollars.
Where does MetLife generate most of their revenue?
MetLife offers a diverse range of products which includes home, car, and life insurance as well as commercial mortgages and securities. Other products and services offered by MetLife include critical illness insurances; fee based financial planning, wealth management, as well as the provision of retirement plans. It was the second largest life insurance company in the United States in terms of assets in 2021. The U.S. also accounted for the majority share of MetLife’s operating earnings in 2022. However, Asia was the second most important region for MetLife in that same year.Metlife's financial performance in 2022
2022 was not a particularly strong year for MetLife financially. The total expenses of MetLife amounted to almost 70 billion U.S. dollars, while MetLife's net income in that same year fell to 2.6 billion U.S. dollars. These results impacted the company's net worth and MetLife’s total stockholders’ equity dropped to 27 billion U.S. dollars in 2022. Earlier years saw higher income: In January 2016, MetLife announced the formation of an independent spin off retail business named Brighthouse Financial focused on life insurance and annuities, which then completely separated from MetLife in March 2017.
