MetLife Revenue & Financials

MetLife reported FY2025 total revenues of $77.084 billion and net income available to common shareholders of $3.173 billion. In its annual results release, the company reported premiums, fees and other revenues of $57.6 billion, adjusted PFOs excluding pension risk transfers of $49.8 billion, 16% adjusted ROE excluding notable items, and nearly $4.4 billion returned to shareholders. The business model is balance-sheet intensive: MetLife earns from premiums, fees, spread income, investment returns, and institutional risk-transfer activity. The 2025 revenue jump was helped by pension risk transfer and investment income, while the profit story remained sensitive to derivatives, investment results, capital markets, and reserve assumptions.