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MetLife MET MIM — Unearned Revenue

Other segment segments

Asia
$3.37B+7.9%
Latin America
$996M+15.3%
EMEA
$717M+10.8%
Corporate And Other
$75M+7.1%
RIS
$22M-15.4%
Group Benefits
$0

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$50.43M+0.9%
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FServices and other revenue — Unearned revenue
$6.3B+14.5%
GCM Grosvenor Inc. logo
GCMGManagement Fees — Deferred Revenue
$4.2M+13.5%
Arthur J. Gallagher logo
AJGRisk Management — Incremental deferred revenue
$26M-0.8%

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:DeferredIncome.

The official record: MetLife’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MetLife's MIM — unearned revenue?
MetLife (MET) reported MIM — unearned revenue of $0 in Q4 2025.
What does MIM — unearned revenue mean?
Revenue received in advance for services that have not yet been performed or delivered by the investment management segment. This acts as a liability on the balance sheet until the service obligation is satisfied. It reflects the pipeline of future service recognition.