METMetLife

Financials · Life Insurance · NYSE

Employees: 46,000
Headquarters: New York, NY
Next results: around Feb 3, 2027

The biggest changes in the 10-K filed 2026-02-19, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Operating margin

267.1% → 251.9% (-15.2 pts) Big change FY to 2025-12-31 vs 2024-12-31

“Higher corporate-related and various other operating expenses, primarily in Mexico and Chile”
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Net income

-23.7% Big change FY to 2025-12-31 vs 2024-12-31

“Net income (loss) available to MetLife, Inc.’s common shareholders - Decreased $1.1 billion primarily due to the following:”
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“Net income (loss) available to MetLife, Inc.’s common shareholders - Increased $2.8 billion primarily due to the following:”
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Cash from operations

+17.1% Big change FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Revenue

+8.5% FY to 2025-12-31 vs 2024-12-31

“Adjusted premiums, fees and other revenues for the year ended December 31, 2025 increased $599 million, or 2%, compared to 2024, primarily driven by growth in both core and voluntary products, partially offset by a decrease in premiums related to our participating life contracts, which can fluctuate with claims experience.”
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“Other revenues for the year ended December 31, 2025 increased $214 million, or 30%, compared to 2024, primarily as a result of the Company amending agreements between MIM and other MetLife entities to manage general account investments at current market rate fees, effective January 1, 2025, a change from 2024.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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