MetLife : 1Q25 Investor Presentation
MET
Published on 05/02/2025 at 13:52
Growing and established markets around the world
MetLife at a Glance1 Diversified by Geography and Business
156 years of operation
~45,000 employees
More than 40 markets served
Top established markets:
U.S., Japan, Mexico, Chile, Korea
Top emerging markets:
China, India, Brazil
Total Assets Under Management (AUM)2
Market capitalization3
Stock price3
Adjusted Return on Equity (ROE)4
MetLife Holdings7 10%
Asia 25%
Retirement & Income Solutions 23%
Latin America 13%
Group Benefits 25%
EMEA8 4%
2024 Adjusted Earnings5,6
60 on the 2024 Fortune 500® list
billion
Capital returned in 2024
$3.2 billion
Share repurchases
$1.5 billion
Common stock dividends
1 As of 12/31/2024, unless otherwise noted. 2 As of 3/31/2025. At estimated fair value. Includes all assets managed by MetLife Investment Management LLC and certain of its affiliates (MIM). See MetLife's 1Q 2025 Total
Assets Under Management Fact Sheet. 3 As of 4/30/2025. 4 Adjusted ROE, excluding total notable items. 5 As of 12/31/2024. Excludes Corporate & Other adjusted losses of $919 million. 6 Adjusted earnings available to 2
common shareholders, excluding total notable items. 7 MetLife Holdings is a legacy business. 8 Europe, the Middle East, and Africa (EMEA).
Trusted global brand
Diversified & resilient
Leader in attractive markets
~120M
customers
90+
of Fortune 100 companies2
Delivered across economic cycles
for over 150 years
MetLife Holdings
10% Asia
25%
#1
US Group Benefit provider5
#1
Life insurer in Latin America6
40+
markets
~80%
covering world premiums3
Retirement & Income Solutions 23%
Adjusted Earnings 20244
Group Benefits 25%
Latin America 13%
EMEA 4%
Top 2
US Retirement Business markets7
#3
Multinational insurer in Asia8
1 As of 12/31/2024, unless otherwise indicated. 2 MetLife Book of Business analysis (2024). 3 MetLife presence in countries representing ~80% of world GWP. MetLife internal analysis based on Swiss Re Sri Sigma report No. 3/2024. 4 Excludes Corporate & Other adjusted losses of $919 million. 5 Based on PFOs. MetLife internal analysis of in-force, industry market data self-reported to LIMRA (2023). 6 Based on GWP. Latino Insurance (2023). 7 Based on (i) sales of PRT, Structured Settlements, and Institutional Income Annuities as of 2Q2024 (LIMRA Secure Retirement Institute®); (ii) sales of COLI as of 2Q2024 (IBIS Associates and MetLife market intelligence); (iii) sales of Post Retirement
Benefits and Capital Markets as of 2Q2024 (MetLife internal analysis); and (iv) in-force for Stable Value as of 2Q2024 (Valerian Capital Group). 8 As of 12/31/2023. Based on GWP. MetLife internal analysis of publicly available 3
information.
Diversified set of businesses and product offerings
Group Benefits
Provides financial products and services to 94 of the top 100 Fortune 500® and over 80% of all Fortune 500® companies
Serving more than 55,000 U.S.
group customers and
50 million U.S. employees and their dependents
Product offerings:
Life, Dental, Disability, Accidental Death & Dismemberment (AD&D), Vision, Accident & Health,
Legal Plans, Pet
Largest non-medical, commercial carrier1 in the
U.S. group insurance industry
$19.8 billion in policyholder benefits and claims in 2024
Retirement & Income Solutions
Provides funding and financing solutions that help institutional customers mitigate and manage liabilities
Generates a combination of spread, fee-based earnings, and underwriting
Broad set of market leading
businesses:
Stable Value, Pension Risk Transfer (PRT),
Structured Settlements, Institutional Income Annuities,
Risk Solutions2, and Capital Markets Investments Products (CMIP)
Asia
Diverse set of product offerings: protection, health and savings products to ~19 million customers
in 9 markets
Japan is MetLife's
second largest market Leading foreign insurer in Korea
Building presence in growth markets:
China and India
#3 multinational insurer in the region3
~180 bank partners around the region
~57,000 career agents and
~239,000 general agents
Latin America
Serving almost 30 million customers across Mexico, Chile, Brazil,
Colombia, and Uruguay
#1 life insurer in Mexico4 and Chile5, and fast-growing presence in Brazil6
Diverse set of product offerings:
life insurance, retirement, savings, personal accident and health products
Well-diversified distribution, positioned to capture growth opportunities
EMEA
EMEA is MetLife's most diverse region, with a presence in
23 markets across
3 different continents
EMEA is divided into 4 geographies: Europe, Gulf, Levant,
and Turkey
Leading provider of Bancassurance & Direct Insurance distribution with
~150 partnerships
Strong presence across face-
to-face distribution networks: Over 4,000 captive agents Circa 1,400 brokers and 3rd
party networks
1 Based on 2024 annualized premiums. 2 Includes Longevity Reinsurance and Benefit Funding Solutions. 3 Based on gross written premiums (GWP) 2023. 4 AMIS (Asociación Mexicana de Instituciones de Seguros), GWP
2024. 5 AACH (Asociación de Aseguradoras de Chile), GWP 2023. 6 In terms of gross written premium among the top 15 companies operating in Brazil. MetLife internal analysis of publicly available information from 4
Superintendência de Seguros Privados.
Deliver 12-14% Adjusted ROE1
Accretive
Returns
Strong Free
Cash Flow
Generate ~$20B of distributable cash2 over 5 years
Positive Operating
Leverage
Create ~$1B additional capacity to accelerate growth over 5 years
15.2%
FY 2024
$20.7B
2020-2024
$1.2B
2020-2024
1Excluding total notable items. Next Horizon target of 12-14% communicated at 2019 Investor Day, was updated to 13-15% in 4Q2022 earnings call. 2Represents free cash flow of all holding companies. 5
Disclaimer
Metlife Inc. published this content on May 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 02, 2025 at 17:49 UTC.