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MetLife

NYSE:MET
Snowflake Description

Established dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MET
NYSE
$46B
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

MetLife, Inc. engages in the insurance, annuities, employee benefits, and asset management businesses. The last earnings update was 49 days ago. More info.


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MET Share Price and Events
7 Day Returns
0.2%
NYSE:MET
0.1%
US Insurance
-0.4%
US Market
1 Year Returns
11.3%
NYSE:MET
15.4%
US Insurance
4.3%
US Market
MET Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MetLife (MET) 0.2% 2.2% 15.1% 11.3% 24.7% -12.9%
US Insurance 0.1% 2.9% 10.8% 15.4% 42.8% 45.8%
US Market -0.4% 2.8% 2.7% 4.3% 40.9% 38.2%
1 Year Return vs Industry and Market
  • MET underperformed the Insurance industry which returned 15.4% over the past year.
  • MET outperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
MET
Industry
5yr Volatility vs Market

Value

 Is MetLife undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MetLife to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MetLife.

NYSE:MET Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= $63.45 * 11.6%
$7.36
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. $63.45
Discount Rate (Cost of Equity) See below 12%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:MET
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.689 (1 + (1- 21%) (207.29%))
1.548
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.55
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.548 * 5.96%)
11.96%

Discounted Cash Flow Calculation for NYSE:MET using Excess Returns Model Model

The calculations below outline how an intrinsic value for MetLife is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:MET Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.6% – 11.96%) * $63.45)
$-0.23
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.23 / (11.96% - 2.73%)
$-2.47
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $63.45 + $-2.47
$60.97
NYSE:MET Discount to Share Price
Calculation Result
Value per share (USD) From above. $60.97
Current discount Discount to share price of $48.87
= -1 x ($48.87 - $60.97) / $60.97
19.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price MetLife is available for.
Intrinsic value
20%
Share price is $48.87 vs Future cash flow value of $60.97
Current Discount Checks
For MetLife to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MetLife's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • MetLife's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MetLife's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MetLife's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MET PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $5.16
NYSE:MET Share Price ** NYSE (2019-06-26) in USD $48.87
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 17.69x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MetLife.

NYSE:MET PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MET Share Price ÷ EPS (both in USD)

= 48.87 ÷ 5.16

9.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MetLife is good value based on earnings compared to the US Insurance industry average.
  • MetLife is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does MetLife's expected growth come at a high price?
Raw Data
NYSE:MET PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
4.2%per year
United States of America Insurance Industry PEG Ratio Median Figure of 66 Publicly-Listed Insurance Companies 1.53x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NYSE:MET PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.48x ÷ 4.2%

2.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MetLife is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on MetLife's assets?
Raw Data
NYSE:MET PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $61.58
NYSE:MET Share Price * NYSE (2019-06-26) in USD $48.87
United States of America Insurance Industry PB Ratio Median Figure of 119 Publicly-Listed Insurance Companies 1.22x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.78x
NYSE:MET PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MET Share Price ÷ Book Value per Share (both in USD)

= 48.87 ÷ 61.58

0.79x

* Primary Listing of MetLife.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MetLife is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess MetLife's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. MetLife has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is MetLife expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MetLife expected to grow at an attractive rate?
  • MetLife's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • MetLife's earnings growth is positive but not above the United States of America market average.
  • MetLife's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MET Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MET Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 4.2%
NYSE:MET Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.5%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:MET Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MET Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 67,914 5,449 4
2020-12-31 66,975 5,185 8
2019-12-31 64,758 4,905 8
NYSE:MET Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 69,412 12,514 5,084
2018-12-31 67,915 11,738 4,982
2018-09-30 68,098 12,487 5,244
2018-06-30 67,971 13,688 5,235
2018-03-31 62,119 11,481 5,197
2017-12-31 62,266 12,283 4,893
2017-09-30 59,263 15,876 1,893
2017-06-30 58,908 14,069 2,044
2017-03-31 57,263 14,959 2,229
2016-12-31 60,732 14,774 3,481
2016-09-30 65,209 13,733 4,994
2016-06-30 67,255 13,445 5,169

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MetLife's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
  • MetLife's revenue is expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MET Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from MetLife Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MET Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 6.24 6.24 6.24 1.00
2020-12-31 5.50 6.10 5.14 6.00
2019-12-31 5.20 5.52 4.89 5.00
NYSE:MET Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 5.16
2018-12-31 4.95
2018-09-30 5.12
2018-06-30 5.03
2018-03-31 4.92
2017-12-31 4.57
2017-09-30 1.75
2017-06-30 1.87
2017-03-31 2.03
2016-12-31 3.16
2016-09-30 4.53
2016-06-30 4.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • MetLife is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MetLife's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MetLife has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MetLife performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MetLife's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MetLife's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • MetLife's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MetLife's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
MetLife's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MetLife Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MET Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 69,412.00 5,084.00
2018-12-31 67,915.00 4,982.00
2018-09-30 68,098.00 5,244.00 -107.00
2018-06-30 67,971.00 5,235.00 -68.00
2018-03-31 62,119.00 5,197.00
2017-12-31 62,266.00 4,893.00
2017-09-30 59,263.00 1,893.00 -33.00
2017-06-30 58,908.00 2,044.00 -28.00
2017-03-31 57,263.00 2,229.00 -97.00
2016-12-31 60,732.00 3,481.00
2016-09-30 65,209.00 4,994.00 368.00
2016-06-30 67,255.00 5,169.00 355.00
2016-03-31 69,952.00 5,219.00 342.00
2015-12-31 61,257.00 3,891.00
2015-09-30 71,888.00 5,857.00 333.00
2015-06-30 72,677.00 6,724.00 350.00
2015-03-31 74,596.00 7,017.00 359.00
2014-12-31 73,265.00 6,190.00 361.00
2014-09-30 72,639.00 5,576.00 366.00
2014-06-30 70,514.00 4,452.00 360.00
2014-03-31 68,330.00 3,586.00 368.00
2013-12-31 69,396.00 3,244.00 376.00
2013-09-30 68,313.00 2,433.00 366.00
2013-06-30 68,472.00 509.00 384.00
2013-03-31 70,587.00 2,301.00 395.00
2012-12-31 68,571.00 1,154.00 422.00
2012-09-30 67,696.00 2,023.00 446.00
2012-06-30 71,017.00 6,425.00 438.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • MetLife has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MetLife used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • MetLife has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MetLife's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MetLife has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MetLife's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MetLife's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MetLife is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MetLife's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of MetLife's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MetLife Company Filings, last reported 2 months ago.

NYSE:MET Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 58,738.00 94,604.00 24,459.00
2018-12-31 52,958.00 92,509.00 24,601.00
2018-09-30 51,809.00 95,639.00 21,768.00
2018-06-30 53,832.00 97,797.00 24,740.00
2018-03-31 56,508.00 83,431.00 23,792.00
2017-12-31 58,870.00 99,018.00 23,134.00
2017-09-30 56,944.00 51,327.00 25,954.00
2017-06-30 69,669.00 61,994.00 31,629.00
2017-03-31 68,108.00 76,662.00 34,235.00
2016-12-31 67,702.00 97,916.00 26,735.00
2016-09-30 78,466.00 71,600.00 42,970.00
2016-06-30 79,373.00 73,316.00 43,199.00
2016-03-31 75,965.00 69,772.00 38,597.00
2015-12-31 68,496.00 114,365.00 31,889.00
2015-09-30 71,067.00 64,853.00 36,147.00
2015-06-30 69,989.00 77,312.00 31,176.00
2015-03-31 74,409.00 65,208.00 33,585.00
2014-12-31 72,659.00 113,150.00 29,138.00
2014-09-30 71,401.00 59,571.00 28,518.00
2014-06-30 70,282.00 59,372.00 26,913.00
2014-03-31 66,439.00 58,990.00 29,285.00
2013-12-31 62,983.00 74,191.00 27,796.00
2013-09-30 61,378.00 60,090.00 30,949.00
2013-06-30 60,538.00 61,812.00 29,547.00
2013-03-31 64,968.00 63,225.00 33,581.00
2012-12-31 64,958.00 78,672.00 43,158.00
2012-09-30 64,550.00 68,379.00 43,553.00
2012-06-30 62,824.00 69,224.00 46,770.00
  • MetLife's level of debt (161.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (88.7% vs 161.1% today).
  • Debt is not well covered by operating cash flow (13.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
X
Financial health checks
We assess MetLife's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MetLife has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is MetLife's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.6%
Current annual income from MetLife dividends. Estimated to be 3.74% next year.
If you bought $2,000 of MetLife shares you are expected to receive $72 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • MetLife's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • MetLife's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:MET Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:MET Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.97 7.00
2020-12-31 1.84 12.00
2019-12-31 1.73 12.00
NYSE:MET Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-23 1.760 3.703
2019-01-07 1.680 3.777
2018-10-23 1.680 4.008
2018-07-06 1.680 3.681
2018-04-24 1.680 3.621
2018-01-05 1.600 3.346
2017-10-24 1.600 3.049
2017-07-07 1.600 3.136
2017-04-25 1.600 3.058
2017-01-06 1.600 3.012
2016-10-25 1.600 3.021
2016-07-07 1.600 3.707
2016-04-26 1.600 3.721
2016-01-06 1.500 3.550
2015-10-27 1.500 3.038
2015-04-28 1.500 2.875
2015-01-06 1.400 2.777
2014-10-28 1.400 2.577
2014-07-07 1.400 2.624
2014-04-22 1.400 2.643
2014-01-06 1.100 2.138
2013-10-22 1.100 2.154
2013-06-25 1.100 2.285
2013-04-23 1.100 2.592
2013-01-04 0.740 1.997
2012-10-23 0.740 2.226
2012-08-07 0.740 2.118
2012-08-01 0.740 2.273
2011-10-25 0.740 2.228
2010-10-26 0.740 1.857
2009-10-29 0.740 1.906
2009-03-02 0.740 2.518
2009-02-03 0.740 3.033

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of MetLife's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess MetLife's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MetLife afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MetLife has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of MetLife's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michel Khalaf
COMPENSATION $10,807,500
AGE 54
TENURE AS CEO 0.1 years
CEO Bio

Mr. Michel A. Khalaf has been President and Chief Executive Officer of MetLife, Inc. since May 1, 2019. Mr. Khalaf served as President of U.S. Business & EMEA at MetLife, Inc. since July 11, 2017 until May 1, 2019. Mr. Khalaf served as the President of EMEA at Metropolitan Life Insurance Company since November 2011 until July 11, 2017 and also served as its Executive Vice President since January 2011 until November 2011. He served as the President of the EMEA Division and President of the U.S. Business at MetLife, Inc. since November 21, 2011 and July 1, 2017 respectively and served as its Chief Executive Officer. He served as the President of MetLife S.A. He served as Deputy President and Chief Operating Officer at The Philippine American Life and General Insurance Company. He served as the President and Chief Executive Officer of Amplico Life S.A. Since joining Alico’s Investment Department in 1989, he has held a number of leadership roles in various markets around the world including the Caribbean, France and Italy. He served as Regional President, Middle East, Africa and South Asia at ALICO since November 2008 until November 2011. He was named the first General Manager of Alico’s operation in Egypt in 1994. In 1996, he assumed the position of Regional Senior Vice President in charge of Alico’s life, pension and mutual fund operations in Poland, Romania and the Baltic countries. He serves as the Chairman of MetLife Emeklilik ve Hayat A.S. He has been the Chairman of The Board at Deniz Emeklilik ve Hayat A.S. since October 3, 2011. He serves as a Member of Supervisory Board at Amplico PTE SA. He serves as a Member of Supervisory Board at MetLife Powszechne Towarzystwo Emerytalne S.A. He served as a Non Executive Director at IGI Life Insurance Limited from January 16, 2009 to April 10, 2014. He served as a Non Executive Director of American Life Insurance Company (Pakistan) Ltd. from January 16, 2009 to April 10, 2014. He served as a Director of The Philippine American Life and General Insurance Company. He served as a Member of Supervisory Board at AIG Bank Polska SA until June 08, 2006. Mr. Khalaf is a Graduate of Syracuse University with a BS in Engineering and an MBA.

CEO Compensation
  • Michel's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Michel's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the MetLife management team in years:

1.5
Average Tenure
54
Average Age
  • The average tenure for the MetLife management team is less than 2 years, this suggests a new team.
Management Team

Michel Khalaf

TITLE
CEO, President & Director
COMPENSATION
$11M
AGE
54
TENURE
0.1 yrs

John McCallion

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
44
TENURE
1.1 yrs

Steve Goulart

TITLE
Executive VP & Chief Investment Officer
COMPENSATION
$7M
AGE
59
TENURE
8.1 yrs

Tammy Schock

TITLE
Executive VP & Chief Accounting Officer
AGE
46
TENURE
0.3 yrs

John Hall

TITLE
Senior VP & Head of Investor Relations

Stephen Gauster

TITLE
Executive VP & General Counsel
AGE
48
TENURE
1.9 yrs

Randy Clerihue

TITLE
Chief Communications Officer
TENURE
1.2 yrs

Esther Lee

TITLE
Executive VP & Global Chief Marketing Officer
AGE
59
TENURE
4.4 yrs

Susan Podlogar

TITLE
Executive VP & Chief HR Officer
AGE
54
TENURE
1.9 yrs

David Lindstrom

TITLE
Managing Director of Alternative Investments
Board of Directors Tenure

Average tenure and age of the MetLife board of directors in years:

5
Average Tenure
62.5
Average Age
  • The tenure for the MetLife board of directors is about average.
Board of Directors

Robert Hubbard

TITLE
Non-Executive Chairman & Independent Lead Director
COMPENSATION
$357K
AGE
59
TENURE
0.2 yrs

Michel Khalaf

TITLE
CEO, President & Director
COMPENSATION
$11M
AGE
54
TENURE
0.1 yrs

Eric Sacha Clurfain

TITLE
Chairman
AGE
46
TENURE
0.3 yrs

Cheryl Grisé

TITLE
Director
COMPENSATION
$327K
AGE
65
TENURE
15.3 yrs

Jim Kilts

TITLE
Director
COMPENSATION
$337K
AGE
70
TENURE
14.4 yrs

Bill Kennard

TITLE
Director
COMPENSATION
$332K
AGE
61
TENURE
5.8 yrs

Ned Kelly

TITLE
Director
COMPENSATION
$337K
AGE
64
TENURE
4.3 yrs

David Herzog

TITLE
Director
COMPENSATION
$342K
AGE
59
TENURE
2.7 yrs

Cathy Kinney

TITLE
Independent Director
COMPENSATION
$307K
AGE
66
TENURE
10.2 yrs

Carlos Gutierrez

TITLE
Director
COMPENSATION
$302K
AGE
64
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Dec 18 Buy Carlos Gutierrez Individual 17. Dec 18 17. Dec 18 6,400 $39.04 $249,865
X
Management checks
We assess MetLife's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MetLife has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why MetLife, Inc. (NYSE:MET) Could Be Your Next Investment

Established dividend payer and good value MET is currently trading below its true value, which means the market is undervaluing the company's expected cash flow going forward. … According to my intrinsic value of the stock, which is driven by analyst consensus forecast of MET's earnings, investors now have the opportunity to buy into the stock to reap capital gains. … NYSE:MET Intrinsic value, June 13th 2019 MET is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.

Simply Wall St -

Does MetLife, Inc. (NYSE:MET) Have A Good P/E Ratio?

MetLife has a price to earnings ratio of 9.16, based on the last twelve months. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for MetLife: P/E of 9.16 = $47.25 ÷ $5.16 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each $1 of company earnings.

Simply Wall St -

Should You Take Comfort From Insider Transactions At MetLife, Inc. (NYSE:MET)?

So we'll take a look at whether insiders have been buying or selling shares in MetLife, Inc. … In the last twelve months, the biggest single purchase by an insider was when Gerald Hassell bought US$462k worth of shares at a price of US$46.18 per share. … Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Simply Wall St -

Imagine Owning MetLife (NYSE:MET) And Wondering If The 10% Share Price Slide Is Justified

By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … It is unusual to see such modest share price growth in the face of sustained EPS improvements. … But if the market expected durable top line growth, then that could explain the share price weakness.

Simply Wall St -

Why Dividend Hunters Love MetLife, Inc. (NYSE:MET)

Over the past 10 years MetLife, Inc. … The company is currently worth US$42b, and now yields roughly 3.8%. … Let's dig deeper into whether MetLife should have a place in your portfolio.

Simply Wall St -

Should You Think About Buying MetLife, Inc. (NYSE:MET) Now?

The company's stock. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on MetLife’s outlook and valuation to see if the opportunity still exists.

Simply Wall St -

What Are Analysts Saying About MetLife, Inc.'s (NYSE:MET) Earnings Trend?

In December 2018, MetLife, Inc. … (NYSE:MET) announced its latest earnings update, whicha … signalled

Simply Wall St -

MetLife, Inc. (NYSE:MET) Is A Real Dividend Rock Star - Here Is Why

Over the past 10 years, the US$43b market cap company has been growing its dividend payments, from $0.74 to $1.68. … Currently yielding 3.8%, let's take a closer look at MetLife's dividend profile. … stable and consistent dividend, having done so reliably for the past decade with the expectation of this continuing into the future

Simply Wall St -

MetLife, Inc. (NYSE:MET): Earnings To Drop Next Year

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … (NYSE:MET) announced its recent earnings release on 31 December 2018,

Simply Wall St -

MetLife, Inc. (NYSE:MET): Ex-Dividend Is In 3 Days

Attention dividend hunters! … (NYSE:MET) will be distributing its dividend of US$0.42 per share on the 13 March 2019, and will start trading ex-dividend in 3 days time on the 04 February 2019. … Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail.

Simply Wall St -

Company Info

Description

MetLife, Inc. engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements. It also provides pension risk transfers, institutional income annuities, tort settlements, and capital markets investment products; and other products and services, such as life insurance products and funding agreements for funding postretirement benefits, as well as company, bank, or trust-owned life insurance used to finance nonqualified benefit programs for executives. In addition, the company offers automobile, homeowners’, and personal excess liability, as well as small business owners’ property, liability, and business interruption insurance products. Further, it provides fixed annuities and pension products; medical and credit insurance products; variable, universal, term, endowment, and whole life insurance products; variable, and fixed and indexed-linked annuities; and protection against costs of long-term health care services. The company serves individuals, corporations and their employees, and other institutions and their members through independent agents, property and casualty specialists, sales forces, sales teams and relationship managers, and sponsoring organizations and affinity groups, as well as through career and independent agencies, bancassurance, direct marketing and e-commerce, brokers, and other third-party distribution channels. MetLife, Inc. was founded in 1868 and is headquartered in New York, New York.

Details
Name: MetLife, Inc.
MET
Exchange: NYSE
Founded: 1868
$46,444,549,939
950,369,346
Website: http://www.metlife.com
Address: MetLife, Inc.
200 Park Avenue,
New York,
New York, 10166,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MET Common Stock New York Stock Exchange US USD 05. Apr 2000
DB MWZ Common Stock Deutsche Boerse AG DE EUR 05. Apr 2000
LSE 0K0X Common Stock London Stock Exchange GB USD 05. Apr 2000
BMV MET * Common Stock Bolsa Mexicana de Valores MX MXN 05. Apr 2000
NYSE MET.PRA PFD A FLT RATE New York Stock Exchange US USD 09. Jun 2005
NYSE MET.PRE 5.625 NCUM PFD E New York Stock Exchange US USD 31. May 2018
BOVESPA METB34 EACH BDR REPR 1 COM STK USD0.01 Bolsa de Valores de Sao Paulo BR BRL 24. Aug 2015
Number of employees
Current staff
Staff numbers
0
MetLife employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 23:42
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/26
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.