MetLife (MET) Balance Sheet: Assets & Liabilities

MetLife (MET) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), MetLife reported total assets of $745.17B and total liabilities of $716.25B. Shareholders' equity was $28.92B, up 5.4% from $27.45B a year earlier. Total debt stood at $46.74B against $125.34B in cash and short-term investments, a net cash position of $78.60B. That puts debt-to-equity at 1.62, compared with 0.68 a year earlier.

MetLife Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for MetLife, Inc. (MET) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	22.03	20.07	20.64	20.20	20.05	19.80	16.60	15.82	12.70
Short-Term Investments	103.31	88.71	296.19	293.13	347.45	358.71	331.67	302.20	313.80
Cash & Short-Term Investments	125.34	108.78	316.83	313.32	367.50	378.51	348.27	318.02	326.50
Accounts Receivable	54.25	34.26	33.78	22.17	17.15	17.87	20.44	19.64	18.42
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00	-396.38	-368.71	-337.67	-344.93
Total Current Assets	179.59	143.04	350.62	335.49	388.02	0.00	0.00	0.00	0.00
Non-Current Assets
Property, Plant & Equipment (Net)	3.78	1.85	3.56	1.93	2.21	0.00	0.00	0.00	0.00
Long-Term Investments	362.81	346.67	144.19	134.83	14.63	382.58	353.83	322.87	338.77
Goodwill	9.61	8.90	9.24	9.30	9.54	10.11	9.31	9.42	9.59
Intangible Assets	21.11	19.63	20.15	19.65	16.06	0.00	0.00	0.00	0.00
Other Non-Current Assets	167.77	154.38	158.79	159.44	198.54	-392.69	-363.14	-332.29	-348.36
Total Non-Current Assets	565.58	534.42	336.97	327.58	371.69	0.00	0.00	0.00	0.00
Total Assets	745.17	677.46	687.58	663.07	759.71	795.15	740.46	687.54	719.89
Current Liabilities
Accounts Payable	0.00	0.00	0.00	0.00	2.16	0.00	0.00	0.00	0.00
Short-Term Debt	3.94	0.47	2.98	0.18	0.34	0.39	0.24	0.27	0.48
Current Portion of Long-Term Debt	3.94	3.71	2.98	3.56	0.28	-	-	-	-
Other Current Liabilities	274.58	257.60	257.27	250.87	262.84	-0.52	-0.60	-0.71	-0.79
Total Current Liabilities	276.14	258.07	257.58	251.08	263.18	0.00	0.00	0.00	0.00
Non-Current Liabilities
Long-Term Debt	42.80	18.25	44.51	17.81	17.09	17.76	16.62	15.98	18.83
Deferred Tax Liabilities	0.54	0.13	0.93	0.95	9.69	11.01	9.10	5.41	6.77
Other Non-Current Liabilities	420.95	373.30	380.12	363.11	402.00	-28.76	-25.71	-21.39	-25.60
Total Non-Current Liabilities	440.11	391.69	399.76	381.86	428.78	0.00	0.00	0.00	0.00
Total Liabilities	716.25	649.75	657.33	632.95	691.96	720.33	674.08	634.58	661.02
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Retained Earnings	44.29	42.63	40.15	40.33	41.20	36.49	33.08	28.93	26.53
Accumulated Other Comprehensive Income	-18.08	-21.19	-19.24	-22.62	10.92	18.07	13.05	1.72	7.43
Treasury Stock	30.68	27.80	24.59	21.46	18.16	-	-	-	-
Additional Paid-in Capital	2.18	5.99	9.10	12.16	33.51	19.98	20.00	22.08	24.71
Minority Interest	0.52	0.26	0.24	0.24	0.27	0.26	0.24	0.22	0.19
Shares Outstanding	0.66	0.69	0.73	0.78	0.83	-	-	-	-
Total Stockholders' Equity	28.92	27.45	30.25	29.88	67.48	74.56	66.14	52.74	58.68
Total Liabilities & Equity	745.17	677.46	687.58	663.07	759.71	795.15	740.46	687.54	719.89

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About MetLife Balance Sheet

How much debt does MetLife have?

MetLife had total debt of $46.74B as of Dec 31, 2025, against $125.34B in cash and short-term investments. Its debt-to-equity ratio was 1.62. Total debt was $18.71B a year earlier.

What are MetLife's total assets?

MetLife reported total assets of $745.17B as of Dec 31, 2025, up 10.0% from $677.46B a year earlier. Total liabilities were $716.25B.

What is MetLife's shareholders' equity?

MetLife's shareholders' equity was $28.92B as of Dec 31, 2025, or about $44.13 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition