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MetLife MET Group Benefits — Operating Income (Loss)

Other segment segments

Asia
$487M+30.9%
RIS
$451M+11.1%
Latin America
$229M+4.6%
EMEA
$110M+32.5%
MIM
$47M

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Other financials

Income statement

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Revenue$19.1B+2.7%
Net income$1.2B+25.4%
EPS (diluted)$1.74+35.9%

Balance sheet

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Cash & equivalents$22.7B+6.4%
Total debt$14.8B-1.5%
Total equity$27.3B-0.6%
Total assets$743.21B+8.0%

Cash flow

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Operating cash flow$2.7B-37.0%

Valuation

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Market cap$54.45B+2.4%
Enterprise value$46.62B-0.7%
P/E15.1×+3.2×
P/S0.7×0.0×

Profitability

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Net margin4.7%-1.5pp

Returns & leverage

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Return on equity13.2%-2.9pp
Debt / equity0.5×0.0×

Where this comes from

Reported directly by MetLife in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: MetLife’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MetLife's group benefits — operating income (loss)?
MetLife (MET) reported group benefits — operating income (loss) of $439M in Q1 2026.
How has MetLife's group benefits — operating income (loss) changed year-over-year?
MetLife's group benefits — operating income (loss) increased by 18.6% year-over-year, from $370M to $439M.
What is the long-term trend for MetLife's group benefits — operating income (loss)?
Over 4 years (2021 to 2025), MetLife's group benefits — operating income (loss) has grown at a 38.3% compound annual growth rate (CAGR), from $463M to $1.7B.
What does group benefits — operating income (loss) mean?
The primary measure of profitability for the Group Benefits segment, calculated as total revenues minus benefits, expenses, and other operating costs. It excludes certain items like net realized investment gains or losses to provide a clearer view of core underwriting and operational performance.