Income StatementBalance SheetCash FlowSegments
MetLife logo

MetLife Balance Sheet Statement

Assets, liabilities, and shareholders' equity

MetLife holds $743.21B in total assets. Shareholders' equity is $27.3B against $15.3B in total debt. Cash and equivalents total $22.7B. Based on the Q1 2026 filing.

Total Assets$743.21BTotal Stockholders Equity$27.3BLong Term Debt$14.4BCash And Equivalents$22.7B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$50.6B
P/E Ratio13.98
ROE13.2%

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$33.8B$33.8B$33.8B$32.9B$32.9B$32.9B
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Accumulated Loss7220.006766.006118.004605.005489.009486.00
Accumulated other comprehensive income (loss)-$21.2B-$20.2B-$19.9B-$17.6B-$18.1B-$19.2B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March&#160;31, 2026 and December&#160;31, 2025, respectively$12.0M$12.0M$12.0M$12.0M$12.0M$12.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Treasury Stock, Value$27.8B$29.2B$29.7B$30.2B$30.7B$31.4B
Retained earnings$42.6B$43.1B$43.4B$43.9B$44.3B$45.1B
Total liabilities and stockholders' equity$677.5B$688.3B$702.5B$719.7B$745.2B$743.2B
Total stockholders' equity$27.4B$27.5B$27.7B$28.9B$28.4B$27.3B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AFS and Trading Securities - Unrealized Loss Position (>=12 Months)$120.0B$118.1B$113.7B$112.6B$118.9B$112.5B
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$59.8B$53.9B$48.6B$38.2B$43.5B$85.3B
Assets held for sale$65.0M$79.0M$152.0M$208.0M$132.0M$164.0M
Cash and cash equivalents$20.1B$21.3B$22.2B$20.2B$22.0B$22.7B
Premiums And Other Receivables Net$29.8B$31.3B$31.5B$40.3B$49.1B$50.3B
Derivative Assets - Fair Value$8.4B$8.8B$7.6B$7.4B$7.2B$7.8B
Equipment Installment Plan Receivables, Gross$89.8B$88.9B$88.1B$87.1B$85.8B$84.9B
Accrued investment income$3.5B$3.6B$3.5B$3.8B$3.7B$3.8B
Trading assets$10.7B$10.7B$11.7B$12.3B$14.0B$13.4B
Financing Receivables————$84.6B$83.7B
Marketable Equity Securities (FV-NI) - Cost Basis$8.3B$8.6B$9.0B$9.1B$10.7B$10.6B
Loans held for sale—$0.0——$35.0M$35.0M
Nonaccrual Loans - No Related Allowance$1.7B$2.0B$2.3B$2.8B$2.6B$2.6B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Borrowings at Fair Value$3.2B$4.2B$4.2B$4.2B$4.2B$5.1B
Finance Lease Liabilities (Total)$6.0M———$6.0M—
Future policy benefits$193.6B$197.7B$199.0B$199.2B$208.9B$206.6B
Separate account liabilities$139.5B$138.1B$143.2B$146.3B$151.9B$147.7B
Long-term debt$15.1B$14.7B$15.4B$15.3B$14.5B$14.4B
Market risk benefits$2.6B$2.8B$2.7B$2.6B$2.4B$2.5B
Notes Issued by Collateralized Financing Entities$0.0———$1.2B$1.1B
Other Policy-Related Balances$18.9B$19.5B$19.9B$20.4B$20.1B$20.4B
Payables For Collateral Under Securities Loaned And Other Transactions$17.1B$17.4B$17.1B$17.1B$17.1B$18.2B
Policyholders' account balances$221.4B$225.6B$232.4B$235.3B$236.9B$239.8B
Other non-current liabilities$36.8B$38.8B$39.1B$48.5B$57.6B$58.0B
Other Secured Financings$11.4B$11.8B$12.5B$12.2B$12.2B$12.6B
Secured Debt$476.0M$463.0M$438.0M$398.0M$352.0M$299.0M
Total liabilities$649.8B$660.6B$674.5B$690.5B$716.2B$715.4B

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Liability for Claims and Claims Adjustment Expense$16.1B$16.8B$17.2B$17.6B$17.1B$17.6B
Current portion of long-term debt$465.0M$381.0M$379.0M$378.0M$355.0M$404.0M
Derivative Liabilities - Fair Value$7.3B$6.8B$7.6B$7.3B$7.5B$7.0B
Short-term borrowings$465.0M$381.0M$379.0M$378.0M$355.0M$404.0M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Goodwill$8.9B$9.0B$9.1B$9.1B$9.6B$9.6B
Deferred policy acquisition costs$19.6B$20.2B$21.0B$21.2B$21.1B$21.3B
Equity securities$712.0M$747.0M$790.0M$788.0M$858.0M$927.0M
Mortgage loans$89.0B$87.9B$86.9B$85.8B$84.6B$83.7B
Policy loans$8.5B$8.7B$8.7B$8.6B$8.5B$8.5B
Reinsurance recoverables$2.8B$2.9B$3.0B$3.0B$2.9B$3.0B
Separate account assets$139.5B$138.1B$143.2B$146.3B$151.9B$147.7B
Allowance For Loan And Lease Losses Real Estate$800.0M$981.0M$1.2B$1.3B$1.2B$1.2B
Contractholder-directed equity securities and fair value option securities, at estimated fair value (includes $1,665 and $1,751, respectively, relating to variable interest entities)$10.7B$10.7B$11.7B$12.3B$14.0B$13.4B
Deferred tax assets$3.0B$2.5B$2.9B$2.7B$2.6B$2.9B
Allowance for loan losses$800.0M$981.0M$1.2B$1.3B$1.2B$1.2B
Investments$441.4B$450.4B$456.7B$463.7B$472.2B$473.1B
Other Assets$11.1B$11.3B$11.4B$11.6B$11.8B$11.0B
Other Limited Partnership Interests$14.4B$14.1B$14.3B$14.7B$14.9B$14.5B
Real Estate Investment Property, Net$1.0B$1.1B$1.1B$1.1B$1.1B$1.1B
Net real estate investments$13.3B$13.5B$14.0B$13.9B$13.4B$13.4B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$5.2B$5.5B$5.3B$6.0B$3.6B$4.9B
Present Value of Future Insurance Profits, Net$1.4B$1.5B$1.5B$1.4B$1.4B$1.3B
Other Investments$18.5B$17.5B$16.4B$16.9B$16.3B$17.6B
Total assets$677.5B$688.3B$702.5B$719.7B$745.2B$743.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts Receivable, after Allowance for Credit Loss$238.0M$254.0M$265.0M$280.0M$272.0M$393.0M
Accumulated Other Comprehensive Income Loss$357.0M$212.0M-$1.9B-$1.6B-$2.1B-$1.4B
Balance in trust account$1.3B$1.3B$1.3B$1.5B$1.8B$3.6B
Assets On Deposit Held In Trust And Pledged As Collateral$29.9B$31.7B$32.9B$33.6B$30.8B$33.7B
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax$31.2B$29.0B$29.1B$27.2B$28.2B$31.4B
Gross Unrealized Gains$5.0B$5.4B$6.2B$7.3B$7.1B$5.6B
Total$307.4B$315.5B$321.7B$324.8B$337.2B$342.2B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10—$53.2B$53.9B$53.5B—$57.6B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10—$51.7B$53.4B$53.5B—$56.5B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five—$48.6B$48.6B$48.4B—$50.9B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five—$48.4B$49.0B$48.9B—$50.8B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10—$128.6B$131.6B$132.4B—$138.5B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10—$109.3B$111.1B$113.6B—$115.8B
Debt Securities, Available-for-Sale, Maturity, without Single Maturity Date, Amortized Cost—$72.6B$74.4B$77.0B—$82.3B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One—$12.3B$13.2B$13.3B—$12.6B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One—$12.3B$13.3B$13.4B—$12.7B
Available for sale investments$281.0B$291.7B$298.7B$304.6B$315.9B$316.1B
Carrying Value of Tax Equity Investments$714.0M$688.0M$661.0M$707.0M$676.0M$935.0M
Collateral Amount Not Provided Due to Downgrade Threshold—$15.0M$15.0M$15.0M—$15.0M
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)3B3B3B3B3B3B
Common stock, shares issued (in shares)1.2B1.2B1.2B1.2B1.2B1.2B
Common Stock, Shares, Outstanding689.2M673.3M666.8M660.7M655.3M646M
Credit Derivative, Maximum Exposure, Undiscounted$11.8B$12.1B$12.0B$12.0B$8.9B$14.8B
Credit Risk Derivatives, at Fair Value, Net$196.0M$201.0M$233.0M$232.0M$152.0M$196.0M
Collateral that was sold or repledged—$0.0$0.0$0.0—$0.0
Debt Designated as Non-derivative Hedging Instrument$267.0M$281.0M$290.0M$284.0M$268.0M$264.0M
Debt Securities, Available-for-Sale, Allowance for Credit Loss$160.0M$137.0M$151.0M$248.0M$249.0M$273.0M
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss—$315.3B$321.6B$324.6B—$341.9B
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss$26.9B$25.3B$25.3B$24.5B$26.3B$28.3B
Number of Securities, Greater than 12 months10468.0010128.009686.009486.009850.009439.00
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss$4.3B$3.7B$3.7B$2.7B$1.8B$3.0B
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss—$29.0B$29.0B$27.2B—$31.3B
Deferred Income$4.6B$4.7B$4.9B$5.1B$5.2B$5.2B
Deferred income taxes$132.0M$430.0M$430.0M$574.0M$536.0M$382.0M
Deposit Assets$1.5B$1.5B$1.6B$1.6B$1.4B$1.5B
Margin cash collateral received from counterparties that was not offset against derivative assets$26.0M$45.0M$49.0M$30.0M$29.0M$66.0M
Margin cash collateral provided to counterparties that was not offset against derivative assets or liabilities$86.0M$86.0M$74.0M$77.0M$68.0M$75.0M
Derivative, gross, assets$8.2B$8.6B$7.5B$7.3B$7.0B$7.7B
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$53.0M$225.0M$74.0M$83.0M$32.0M$112.0M
Derivatives, gross, liabilities$7.3B$6.8B$7.5B$7.4B$7.5B$7.0B
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$9.0M$6.0M$14.0M$16.0M$13.0M$13.0M
Derivative, Net Liability Position, Aggregate Fair Value$3.3B$3.1B$3.9B$3.6B$4.0B$3.4B
Notional$265.5B$275.4B$264.8B$263.0B$251.1B$259.5B
Equity Securities, FV-NI, Unrealized Gains (Losses)$2.4B$2.2B$2.7B$3.2B$3.3B$2.8B
Federal Home Loan Bank stock, at cost$699.0M$699.0M$700.0M$700.0M$700.0M$700.0M
With an allowance$280.0M$363.0M$469.0M$211.0M$92.0M$95.0M
Assets held in trust accounts, reinsurance agreements———$12.5B$22.4B$22.3B
Guarantor obligations, current carrying value$19.0M$19.0M$19.0M$19.0M$19.0M$19.0M
Value of financial guarantee (up to)—$635.0M$643.0M$642.0M—$628.0M
Income taxes receivable$295.0M$338.0M$554.0M$374.0M$660.0M$455.0M
Liability for Unpaid Claims and Claims Adjustment Expense, Net$13.3B$13.9B$14.2B$14.6B$14.2B$14.6B
Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk$2.2B$2.5B$2.4B$2.2B$1.9B$2.1B
Asset$372.0M$317.0M$352.0M$392.0M$458.0M$392.0M
Noncontrolling interests in subsidiaries$258.0M$262.0M$242.0M$247.0M$282.0M$271.0M
Mortgage Loans In Process Of Foreclosure Amount$140.0M$161.0M$179.0M$168.0M$186.0M$179.0M
Net Investment in Lease, after Allowance for Credit Loss$1.9B$1.8B$1.8B$1.6B$1.7B$1.6B
Percentage of Mortgage Loans Classified as Performing98.0%98.0%98.0%98.0%98.0%98.0%
Percentage Of mortgage total recorded investment To Mortgage Loans On Real Estate Commercial And Consumer Net100.9%101.1%101.4%101.5%101.4%101.4%
Percentage Of Mortgage Loans On Real Estate To Mortgage Loans On Real Estate Commercial And Consumer Net100.0%100.0%100.0%100.0%100.0%100.0%
Percentage of total mortgage loans held-for-investments————100.0%100.0%
Percentage of Allowance for Credit Losses for Financing Receivables0.9%1.1%1.4%1.5%1.4%1.4%
Policy liabilities$221.4B$225.6B$232.4B$235.3B$236.9B$239.8B
Liability accrued for policyholder dividends$385.0M$356.0M$367.0M$369.0M$356.0M$337.0M
Preferred stock, liquidation preference, value$3.9B$3.9B$3.9B$2.9B$2.9B—
Preferred Stock, Par or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Preferred Stock, Shares Authorized200M200M200M200M200M200M
Preferred Stock, Shares Issued25.6M25.6M25.6M24.6M24.6M24.6M
Preferred Stock, Shares Outstanding25.6M25.6M25.6M24.6M24.6M24.6M
Real Estate Investments Joint Ventures$8.4B$8.4B$8.7B$8.7B$8.6B$8.2B
Other real estate investments, Carrying Value$650.0M$660.0M$677.0M$691.0M$710.0M$773.0M
Redeemable noncontrolling interests in subsidiaries$0.0———$241.0M$206.0M
Leased real estate investments, Carrying Value$4.3B$4.4B$4.7B$4.5B$4.2B$4.4B
Securities lending collateral$27.1B$28.9B$30.0B$30.6B$27.7B$28.5B
Securities Lending Reinvestment Portfolio Estimated Fair Value$11.2B$11.6B$12.5B$12.2B$12.1B$12.5B
Share Repurchase Program, Authorized, Amount——$3.0B———
Derivatives used in Net Investment Hedge, Net of Tax$1.1B$1.0B$941.0M$1.0B—$1.2B
Treasury stock, shares (in shares)505M521.9M528.5M534.8M540.3M550.4M
Unamortized premiums and discounts, deferred fees and costs-$879.0M-$850.0M-$821.0M-$796.0M-$789.0M-$759.0M
Stated Maturities—$70.0B$71.9B$75.2B—$80.3B