MetLife (MET) revenue breakdown
By segment, Group Benefits is the largest at 35% of fiscal 2023 revenue; Retirement and Income Solutions grew fastest, 15% a year over 2 years.
By product, Prepaid legal plans is the largest at 26% of fiscal 2025 revenue, growing 12% a year over 7 years.
Revenue by segment
Fiscal years, as MetLife reports them in its 10-K filings; fiscal 2023 total $71.7B.
| Segments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Share |
|---|---|---|---|---|---|---|---|
| Group Benefits | — | — | — | $23.7B | $24.4B | $25.2B | 35% |
| Retirement and Income Solutions | — | — | — | $12.5B | $20.5B | $16.6B | 23% |
| Asia | $11.8B | $12.1B | $12.5B | $13.2B | $11.3B | $10.9B | 15% |
| MetLife Holdings | $10.7B | $10.4B | $10.1B | $10.9B | $9.0B | $8.2B | 11% |
| Latin America | $5.1B | $5.1B | $4.3B | $5.1B | $6.0B | $7.4B | 10% |
| EMEA | $2.9B | $2.9B | $3.0B | $2.9B | $2.4B | $2.5B | 4% |
| Corporate and Other | $629M | $651M | $411M | $766M | $655M | $808M | 1% |
| U.S. | $37.0B | $35.8B | $36.2B | — | — | — | — |
Revenue by product
Fiscal years, as MetLife reports them in its 10-K filings; fiscal 2025 total $2.4B.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Prepaid legal plans | $296M | $347M | $395M | $432M | $471M | $516M | $572M | $637M | 26% |
| Vision fee for service arrangements | — | — | — | $546M | $566M | $598M | $536M | $561M | 23% |
| Other revenue from service contracts from customers | $241M | $240M | $227M | $289M | $271M | $390M | $412M | $432M | 18% |
| Institutional Client asset management fees (1) | $293M | $286M | $318M | $363M | $396M | $316M | $301M | $369M | 15% |
| ASO contracts | $205M | $210M | $218M | $231M | $238M | $259M | $273M | $295M | 12% |
| Recordkeeping and administrative services (2) | $221M | $206M | $196M | $213M | $168M | $150M | $151M | $142M | 6% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for MET.
Open MET in InvestinglyQuestions
Where does MetLife make its money?
In fiscal 2023, by segment: Group Benefits $25.2B, Retirement and Income Solutions $16.6B, Asia $10.9B, MetLife Holdings $8.2B, Latin America $7.4B.
From MetLife's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.