MetLife Inc. (NYSE: MET) is a global financial services company providing insurance, employee benefits, annuities, and asset management services. As of January 2024 , MetLife was the largest life insurance provider in the US by market capitalization, which amounted to USD 51 billion. MetLife generated USD 51.9 billion in adjusted premiums in 2023 and revenue of USD 66.9 billion.
MetLife operates under six segments. The Group Benefits (~49% of total adjusted premiums in 2023) and Retirement and Income Solutions (RIS; ~19% of total adjusted premiums in 2023) segments provide a range of insurance and financial products in the US. Other segments are Asia (~12% of total adjusted premiums in 2023), Latin America (~10% of total adjusted premiums in 2023), the Middle East and Africa (EMEA; ~5% of total adjusted premiums in 2023), and MetLife Holdings (~7% of total adjusted premiums in 2023). The company serves around 100 million customers in nearly 50 countries (2023).
MetLife has introduced its Next Horizon Strategy to optimize its resource allocation and create a sustainable competitive advantage. The company has also set a 2050 net-zero target.
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