Income StatementBalance SheetCash FlowSegments
MetLife logo

MetLife Cash Flow Statement

Operating, investing, and financing cash movements

MetLife generated $15.5B in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$15.5BNet Cash From Investing (TTM)-$17.7BNet Cash From Financing (TTM)$642.0MNet Change In Cash (TTM)$1.4B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$50.6B
P/E Ratio13.98
ROE13.2%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in income taxes payable/receivable-$121.0M-$156.0M-$156.0M-$156.0M-$156.0M—
Change in other liabilities-$145.0M$479.3M$479.3M$479.3M$479.3M—
Other working capital changes$157.0M$110.8M$110.8M$110.8M$110.8M—
Net cash from operating activities$4.6B$4.3B$2.2B$3.6B$7.1B$2.7B
Net income$1.1B$850.8M$850.8M$850.8M$850.8M—
Accretion (Amortization) of Discounts and Premiums, Investments$378.0M$460.0M$460.0M$460.0M$460.0M—
(Gains) Losses On Derivatives Net-$679.0M-$577.5M-$577.5M-$577.5M-$577.5M—
(Gains) Losses On Investments And From Sales Of Businesses, Net-$291.3M-$286.0M-$286.0M-$286.0M-$286.0M—
Income Loss From Equity Method Investments Net Of Dividends Or Distributions-$211.0M-$91.3M-$91.3M-$91.3M-$91.3M—
Increase (Decrease) in Accounts and Other Receivables-$115.0M$6.8M$6.8M$6.8M$6.8M—
Increase (Decrease) in Accrued Investment Income Receivable$4.5M$68.0M$68.0M$68.0M$68.0M—
Increase (Decrease) in Deferred Policy Acquisition Costs$197.8M$267.0M$267.0M$267.0M$267.0M—
Increase (Decrease) in Other Operating Assets$0.0$138.8M$138.8M$138.8M$138.8M—
Insurance Commissions and Fees1$1.1B$1.0B$1.0B$1.0B$1.0B—
Interest credited to policyholder account balances$2.1B$2.3B$2.3B$2.3B$2.3B—
Effect of changes in capital markets$195.5M$58.8M$58.8M$58.8M$58.8M—
Depreciation and amortization$178.5M$188.3M$188.3M$188.3M$188.3M—
Change in trading and equity securities$129.5M$253.3M$253.3M$253.3M$253.3M—

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$21.0M$89.0M$624.0M$30.0M$0.0$61.0M
Dividends paid$378.0M$374.0M$382.0M$378.0M$375.0M$372.0M
Net change in payables for collateral under securities loaned and other transactions—$233.0M-$351.0M$28.0M—$1.1B
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$32.0M$66.0M$31.0M$66.0M$31.0M$45.0M
Deposits on investment-type policies and contracts$23.0B$28.7B$27.1B$27.2B$25.4B$27.4B
Proceeds from mortgage loan secured financing$138.0M$66.0M$268.0M$17.0M$88.0M$115.0M
Other, net$83.0M-$199.0M-$32.0M$16.0M-$46.0M-$67.0M
Repayments of Annuities and Investment Certificates$22.6B$26.9B$24.8B$25.5B$24.4B$24.1B
Repayments of mortgage loan secured financing$304.0M$255.0M$417.0M$205.0M$364.0M$495.0M
Cash Flows from Financing Derivatives$116.0M$71.0M$3.0M$58.0M$115.0M$71.0M
Repayments of Secured Debt$53.0M$13.0M$25.0M$40.0M$46.0M$53.0M
Net cash from financing activities-$519.0M$220.0M$1.4B-$508.0M—$3.6B
Net Proceeds from (Repayments of) Other Long-Term Debt$50.0M$555.0M$3.0M$51.0M$774.0M$53.0M
Net Proceeds from (Repayments of) Other Long-Term Debt$0.0$1.0B$0.0$0.0$0.0$1.0B
Repurchases of common stock$406.0M$1.4B$510.0M$502.0M$460.0M$755.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$287.0M$224.0M$283.0M$247.0M$287.0M$243.0M
Income Taxes Paid, Net$327.0M$147.0M$783.0M$308.0M$326.0M$231.0M
Health care costs payable and other insurance liabilities$1.0B$1.8B$1.8B$1.8B$1.8B—
Common stock issued for acquisition of NEX$884.5M$0.0$0.0$0.0$7.6B$715.0M
Other invested assets received in connection with the sale of other limited partnership interests—$20.0M$0.0$0.0$0.0$347.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid In Connection With Freestanding Derivatives$1.2B$1.0B$946.0M$1.2B$1.3B$1.5B
Cash received in connection with freestanding derivatives$563.0M$803.0M$635.0M$723.0M$367.0M$601.0M
Net Change In Other Invested Assets$978.0M-$457.0M-$100.0M$103.0M—$423.0M
Payment for (Proceeds from) Other Investing Activity$0.0$51.0M$23.0M$13.0M—$23.0M
Payments for (Proceeds from) Policy Loans-$165.0M$87.0M-$57.0M-$44.0M-$7.0M-$54.0M
Payments to Acquire Equity Securities, FV-NI$32.0M$35.0M$13.0M$14.0M$5.0M$128.0M
Payments to Acquire Limited Partnership Interests$471.0M$278.0M$372.0M$271.0M$495.0M$381.0M
Payments to Acquire Mortgage Notes Receivable$2.9B$2.0B$2.2B$2.0B$4.5B$3.6B
Payments To Acquire Real Estate And Real Estate Joint Ventures$183.0M$114.0M$273.0M$168.0M$78.0M$215.0M
Payments to Acquire Short-Term Investments$2.8B$4.4B$3.0B$4.8B$2.7B$4.6B
Proceeds from Limited Partnership Investments$241.0M$301.0M$203.0M$165.0M$356.0M$437.0M
Proceeds From Real Estate And Real Estate Joint Ventures$191.0M$48.0M$24.0M$174.0M$259.0M$128.0M
Proceeds from Sale and Collection of Mortgage Notes Receivable$3.2B$3.2B$3.2B$2.8B$5.4B$4.2B
Proceeds From Sale And Maturity Of Available For Sale Securities$14.3B$14.1B$13.4B$15.4B$16.5B$19.8B
Proceeds from maturities of short-term investments$2.1B$4.1B$3.3B$4.1B$5.1B$3.7B
Proceeds from disposal of certain strategic investments$69.0M$9.0M$45.0M$42.0M$44.0M$8.0M
Net cash from investing activities-$5.4B-$3.3B-$3.0B-$5.0B-$4.3B-$5.5B
Purchases of investments$17.5B$18.4B$17.1B$19.7B$22.4B$23.7B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash-$1.7B$1.3B$852.0M-$1.9B$1.8B$655.0M
Fixed maturity securities available-for-sale disposed of in connection with a reinsurance transaction$0.0$0.0$0.0$0.0$0.0—
Funds withheld liabilities established in connection with reinsurance transactions$0.0$4.6B$4.6B$4.6B$4.6B—
Mortgage loans disposed of in connection with a reinsurance transaction$0.0$0.0$0.0$0.0$0.0—
Short-term investments received in connection with pension risk transfer transactions$0.0$30.5M$30.5M$30.5M$30.5M—
FX Effect on Cash from Discontinued Operations-$425.0M$98.0M$197.0M$14.0M$7.0M-$136.0M