MetLife
Market Cap
US$47.9b
Last Updated
2020/02/16 23:37 UTC
Data Sources
Company Financials +
Executive Summary
MetLife, Inc. engages in the insurance, annuities, employee benefits, and asset management businesses.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -1% per year for the next 3 years
Snowflake Analysis
Undervalued established dividend payer.
Similar Companies
Share Price & News
How has MetLife's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MET has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.4%
MET
0.9%
US Insurance
1.5%
US Market
1 Year Return
16.5%
MET
19.2%
US Insurance
20.1%
US Market
Return vs Industry: MET underperformed the US Insurance industry which returned 19.2% over the past year.
Return vs Market: MET underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| MET | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 0.9% | 1.5% |
| 30 Day | -0.6% | 3.3% | 1.4% |
| 90 Day | 6.4% | 6.8% | 8.7% |
| 1 Year | 20.9%16.5% | 22.1%19.2% | 22.7%20.1% |
| 3 Year | 22.6%-1.3% | 37.3%26.8% | 50.1%40.5% |
| 5 Year | 34.2%1.3% | 73.7%52.9% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is MetLife's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
There's A Lot To Like About MetLife, Inc.'s (NYSE:MET) Upcoming US$0.44 Dividend1 month ago | Simply Wall St
Here's Why I Think MetLife (NYSE:MET) Might Deserve Your Attention Today1 month ago | Simply Wall St
What Makes MetLife, Inc. (NYSE:MET) A Great Dividend Stock?Valuation
Is MetLife undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MET ($52.28) is trading below our estimate of fair value ($117.32)
Significantly Below Fair Value: MET is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MET is good value based on its PE Ratio (8.6x) compared to the Insurance industry average (14x).
PE vs Market: MET is good value based on its PE Ratio (8.6x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: MET's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MET is good value based on its PB Ratio (0.7x) compared to the US Insurance industry average (1.1x).
Next Steps
Future Growth
How is MetLife forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
-1.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MET's earnings are forecast to decline over the next 3 years (-1% per year).
Earnings vs Market: MET's earnings are forecast to decline over the next 3 years (-1% per year).
High Growth Earnings: MET's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MET's revenue (0.7% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: MET's revenue (0.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MET's Return on Equity is forecast to be low in 3 years time (10.8%).
Next Steps
Past Performance
How has MetLife performed over the past 5 years?
-0.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MET has high quality earnings.
Growing Profit Margin: MET's current net profit margins (8.2%) are higher than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: MET's earnings have declined by -0.5% per year over the past 5 years.
Accelerating Growth: MET's earnings growth over the past year (14.8%) exceeds its 5-year average (-0.5% per year).
Earnings vs Industry: MET earnings growth over the past year (14.8%) underperformed the Insurance industry 22%.
Return on Equity
High ROE: MET's Return on Equity (8.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is MetLife's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: MET has a low level of unsold assets or inventory.
Debt Coverage by Assets: MET's debt is covered by short term assets (assets are 1x debt).
Financial Institutions Analysis
Asset Level: MET's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if MET has a sufficient allowance for bad loans.
Low Risk Liabilities: MET reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if MET has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MET has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if MET has an appropriate level of bad loans.
Next Steps
Dividend
What is MetLife's current dividend yield, its reliability and sustainability?
3.37%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MET's dividend (3.37%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: MET's dividend (3.37%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: MET's dividends per share have been stable in the past 10 years.
Growing Dividend: MET's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.7%), MET's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MET's dividends in 3 years are forecast to be well covered by earnings (31% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Michel Khalaf (55yo)
0.8yrs
Tenure
US$10,807,500
Compensation
Mr. Michel A. Khalaf has been President, Chief Executive Officer and Director of MetLife, Inc. since May 1, 2019. Mr. Khalaf served as President of U.S. Business & EMEA at MetLife, Inc. since July 11, 2017 ...
CEO Compensation Analysis
Compensation vs Market: Michel's total compensation ($USD10.81M) is about average for companies of similar size in the US market ($USD10.81M).
Compensation vs Earnings: Michel's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 0.8yrs | US$10.81m | 0.0025% $1.2m | |
| Executive VP & CFO | 1.8yrs | US$3.34m | 0.0027% $1.3m | |
| Executive VP & Chief Investment Officer | 8.8yrs | US$6.73m | 0.012% $5.9m | |
| Executive VP and Head of Global Technology & Operations | 0.3yrs | no data | no data | |
| Executive VP & Chief Accounting Officer | 0.9yrs | no data | no data | |
| Senior VP & Head of Investor Relations | 0yrs | no data | no data | |
| Executive VP & General Counsel | 2.6yrs | no data | 0.00027% $129.2k | |
| Chief Communications Officer | 1.8yrs | no data | no data | |
| Executive VP & Global Chief Marketing Officer | 5.1yrs | no data | 0.0033% $1.6m | |
| Executive VP & Chief HR Officer | 2.6yrs | no data | 0.000040% $19.1k |
1.8yrs
Average Tenure
55yo
Average Age
Experienced Management: MET's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 0.8yrs | US$10.81m | 0.0025% $1.2m | |
| Chairman | 1yrs | no data | no data | |
| Independent Director | 6.4yrs | US$331.68k | no data | |
| Independent Director | 3.3yrs | US$341.68k | 0.0012% $574.2k | |
| Independent Director | 6.9yrs | US$301.68k | 0.0030% $1.4m | |
| Independent Director | 15.1yrs | US$336.68k | 0.0085% $4.1m | |
| Independent Director | 5yrs | US$336.68k | 0.0019% $918.8k | |
| Independent Director | 10.8yrs | US$306.68k | 0.0052% $2.5m | |
| Non-Executive Chairman & Independent Lead Director | 0.8yrs | US$356.68k | 0.00085% $406.7k | |
| Independent Director | 16yrs | US$326.68k | 0.00051% $244.0k |
5.7yrs
Average Tenure
63.5yo
Average Age
Experienced Board: MET's board of directors are considered experienced (5.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MetLife, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: MetLife, Inc.
- Ticker: MET
- Exchange: NYSE
- Founded: 1868
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: US$47.852b
- Shares outstanding: 915.30m
- Website: https://www.metlife.com
Number of Employees
Location
- MetLife, Inc.
- 200 Park Avenue
- New York
- New York
- 10166
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MET | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Apr 2000 |
| MWZ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 2000 |
| MET * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Apr 2000 |
| 0K0X | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Apr 2000 |
| METL | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Apr 2000 |
| MET.PRA | NYSE (New York Stock Exchange) | PFD A FLT RATE | US | USD | Jun 2005 | |
| METB34 | BOVESPA (Bolsa de Valores de Sao Paulo) | EACH BDR REPR 1 COM STK USD0.01 | BR | BRL | Aug 2015 | |
| A19YH3 | DB (Deutsche Boerse AG) | 5.875%-FRN T1 PERP USD 'D' | DE | USD | Mar 2018 | |
| MET.PRE | NYSE (New York Stock Exchange) | DEP SHS PFD E | US | USD | May 2018 | |
| MET.PRF | NYSE (New York Stock Exchange) | 4.75% DP PFD F | US | USD | Jan 2020 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:37 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.