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Private company

METROPOLITAN LIFE INSURANCE CO

In its 2026 annual report the company says: “The Company is a provider of insurance, annuities and employee benefits. We are also one of the largest institutional investors in the United States with a general account portfolio invested primarily in fixed income securities (corporate, structured products, municipals, and government and agency) and mortgage loans, as well as real estate, real estate joint ventures and other limited partnerships.”4 It is headquartered in New York, United States.2

Last updated Oct 21, 2026.

Overview

  • IndustryLife Insurance2
  • HeadquartersNew York, United States2
  • Incorporated inNY3
  • Business address200 Park Avenue, New York, Ny 101663
  • Legal formCorporation2
  • LEI549300H7EXFMRS4875442
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address18210 Crane Nest Drive, 33647 Tampa, United States2
  • Registered withNew York State Government, Department of Financial Services, 659782

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The Company is a provider of insurance, annuities and employee benefits. We are also one of the largest institutional investors in the United States (“U.S.”) with a general account portfolio invested primarily in fixed income securities (corporate, structured products, municipals, and government and agency) and mortgage loans, as well as real estate, real estate joint ventures (“REJVs”) and other limited partnerships.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

173.3%Net margin5
0.8%Revenue growth, 20255
11.2%Return on equity5
0.08×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax14¢$255.0M
  • Profit86¢$1.6B

Out of $903.0M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid26¢$2.3B
  • Kept or used elsewhere74¢$6.7B

Out of $9.0B of cash from operations.5

Financial statements

Revenue675$903.0M in 2025+5% since 2021
0$250.0M$500.0M$750.0M$1.0B2021: $860.0M$860.0M20212022: $847.0M$847.0M2022−2%2023: $887.0M$887.0M2023+5%2024: $896.0M$896.0M2024+1%2025: $903.0M$903.0M2025+1%
Operating income7$3.4B in 2024+12% since 2022
0$1.0B$2.0B$3.0B$4.0B2022: $3.0B$3.0B20222023: $3.5B$3.5B2023+16%2024: $3.4B$3.4B2024−3%
Net income675$1.6B in 2025−58% since 2021
0$2.0B$4.0B$6.0B2021: $3.7B$3.7B20212022: $5.6B$5.6B2022+52%2023: $1.1B$1.1B2023−81%2024: $3.5B$3.5B2024+219%2025: $1.6B$1.6B2025−55%
Fiscal year20212022202320242025
Revenue$860.0M6$847.0M7$887.0M5$896.0M5$903.0M5
Operating expenses$5.7B6$5.7B7$5.8B5$5.7B5$5.5B5
Operating income$3.0B7$3.5B7$3.4B7
Income before tax$4.2B6$6.9B7$1.2B5$4.3B5$1.8B5
Income tax$529.0M6$1.3B7$60.0M5$776.0M5$255.0M5
Net income$3.7B6$5.6B7$1.1B5$3.5B5$1.6B5

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What it owns

What METROPOLITAN LIFE INSURANCE CO reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$647.0M5 Dec 31, 2025$800.0M5 Dec 31, 2024−19.1%
Accumulated depreciation$605.0M5 Dec 31, 2025$746.0M5 Dec 31, 2024−18.9%
Operating-lease assets (leased space)$268.0M5 Dec 31, 2025$340.0M5 Dec 31, 2024−21.2%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$783.0M5 Dec 31, 2025$734.0M5 Dec 31, 2024+6.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$8.4B5 Dec 31, 2025$7.3B5 Dec 31, 2024+15.4%
Marketable securities, current$2.2B5 Dec 31, 2025$2.4B5 Dec 31, 2024−7.1%
Debt securities available for sale$159.3B5 Dec 31, 2025$140.8B5 Dec 31, 2024+13.1%
Stakes in other companies (equity method)$14.3B5 Dec 31, 2025$15.3B7 Dec 31, 2024−6.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$117.0M5 Dec 31, 2025$117.0M5 Dec 31, 20240%
Accumulated amortization$398.0M5 Dec 31, 2025$386.0M5 Dec 31, 2024+3.1%
Finite-lived intangibles, net$59.0M5 Dec 31, 2025$71.0M5 Dec 31, 2024−16.9%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerAdrienne S. O'Neill named Dec 16, 2025 to Dec 17, 202511
  • Executive OfficerBill C. Pappas named Dec 9, 2022 to Dec 17, 202511
  • Executive OfficerBryan E. Boudreau named Dec 16, 2025 to Dec 17, 202511
  • Executive OfficerGeoffrey A. Fradkin named Dec 17, 202511
  • Executive OfficerJohn D. McCallion named Dec 9, 2022 to Dec 17, 202511
  • Executive OfficerMarlene A. Debel named Dec 9, 2022 to Dec 17, 202511
  • Executive Officer, DirectorMichel A. Khalaf named Dec 9, 2022 to Dec 17, 202511
  • Executive OfficerRamy C. Tadros named Dec 20, 2024 to Dec 17, 202511
  • Executive OfficerWilliam C. O'Donnell named Dec 20, 2024 to Dec 17, 202511
  • Executive OfficerCharles S. Scully named Dec 20, 202412
  • Executive OfficerKishore A Ponnavolu named Dec 9, 202213
  • Executive OfficerRemy A Tadros named Dec 9, 202213
  • Executive OfficerStephen A Gauster named Dec 9, 202213
  • Executive OfficerSteven A Goulart named Dec 9, 202213
  • Executive OfficerTamara A Schock named Dec 9, 202213
  • DirectorCarla A. Harris named Dec 9, 2022 to Dec 17, 202511
  • DirectorCarlos M. Gutierrez named Dec 9, 2022 to Dec 17, 202511
  • DirectorChristian S. Mumenthaler named Dec 16, 2025 to Dec 17, 202511
  • DirectorDenise M. Morrison named Dec 9, 2022 to Dec 17, 202511
  • DirectorDiana L. McKenzie named Dec 9, 2022 to Dec 17, 202511
  • DirectorJeh C. Johnson named Dec 20, 2024 to Dec 17, 202511
  • DirectorLaura J. Hay named Dec 20, 2024 to Dec 17, 202511
  • DirectorMark A. Weinberger named Dec 20, 2024 to Dec 17, 202511
  • DirectorRobert G. Hubbard named Dec 16, 2025 to Dec 17, 202511
  • DirectorWilliam E. Kennard named Dec 9, 2022 to Dec 17, 202511
  • DirectorCheryl W. Grise named Dec 9, 2022 to Dec 20, 202412
  • DirectorDavid L. Herzog named Dec 9, 2022 to Dec 20, 202412
  • DirectorEdward J. Kelly, III named Dec 9, 2022 to Dec 20, 202412
  • DirectorR. Glenn Hubbard named Dec 9, 2022 to Dec 20, 202412
  • DirectorCatherine R. Kinney named Dec 9, 202213
  • DirectorGerald L Hassell named Dec 9, 202213
  • DirectorMark A Weinbrger named Dec 9, 202213
  • DirectorMark A Wienberger named Dec 9, 202213

Timeline

  1. Dec 26, 20238-K Bylaws or fiscal year changed14
  2. Nov 16, 20238-K Other events15
  3. May 25, 20238-K Other events16
  4. May 9, 20238-K Entered a material agreement; New debt or obligation17
  5. Aug 26, 20228-K Bylaws or fiscal year changed18
  6. May 4, 1866Founded METROPOLITAN LIFE INSURANCE CO is founded2

Filings

89 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 5 major events, 41 private raises, 23 other. The latest 20:

  1. Oct 1, 2026497J 333-207093 METLIFE SHIELD LEVEL SELECTORSM 3-YEAR ANNUITY EDGAR
  2. Oct 1, 2026497J 333-209461 METLIFE SHIELD LEVEL SELECTORSM - 497J LETTER EDGAR
  3. Oct 1, 2026497 333-209461 METLIFE SHIELD LEVEL SELECTORSM EDGAR
  4. Oct 1, 2026497 333-207093 METLIFE SHIELD LEVEL SELECTORSM 3-YEAR ANNUITY EDGAR
  5. Oct 1, 2026497VPU METLIFE SHIELD LEVEL SELECTORSM EDGAR
  6. Oct 1, 2026497VPU METLIFE SHIELD LEVEL SELECTORSM 3-YEAR EDGAR
  7. Sep 17, 2026485BPOS 333-207093 METLIFE SHIELD LEVEL SELECTORSM 3-YEAR ANNUITY EDGAR
  8. Sep 16, 2026485BPOS 333-209461 METLIFE SHIELD LEVEL SELECTORSM EDGAR
  9. Sep 14, 2026N-VPFS EDGAR
  10. Aug 11, 202610-Q EDGAR
  11. Jul 2, 2026485APOS 333-209461 ML SHIELD LEVEL SELECTORSM EDGAR
  12. May 12, 202610-Q EDGAR
  13. May 1, 2026497J REGISTERED FIXED ACCOUNT OPTION PROSPECTUS EDGAR
  14. Apr 16, 2026485BPOS 333-268428 - REGISTERED FIXED ACCOUNT OPTION PROSPECTUS EDGAR
  15. Mar 11, 202610-K EDGAR
  16. Jan 29, 2026485BXT 333-268428 - REGISTERED FIXED ACCOUNT OPTION EDGAR
  17. Dec 17, 2025D/A EDGAR
  18. Dec 17, 2025D/A EDGAR
  19. Dec 17, 2025D/A EDGAR
  20. Dec 16, 2025D/A EDGAR

The 89 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$9.7B 1990–2026
Money received by yearMoney received by year, 1990–2026: $9.7B in all. Private raises (Form D) $7.8B; Federal contracts $1.9B.$0$1B$2B$3B$4B1990 · Private raises (Form D): $3.6B199019941998200220062008 · Federal contracts: $223.3K2009 · Federal contracts: $233.3K2010 · Federal contracts: $395.2K20102011 · Federal contracts: $12.0M2012 · Federal contracts: $254.2M2013 · Federal contracts: $342.9M2014 · Federal contracts: $333.3M20142015 · Federal contracts: $331.4M2016 · Federal contracts: $425.0M2017 · Federal contracts: $62.0M2018 · Private raises (Form D): $644.4M2018 · Federal contracts: $12.1M20182019 · Federal contracts: $157.8K2020 · Private raises (Form D): $399.1M2020 · Federal contracts: $9.9M2021 · Private raises (Form D): $2.7B2021 · Federal contracts: $13.8M2022 · Federal contracts: $12.5M20222023 · Private raises (Form D): $231.2M2023 · Federal contracts: $15.9M2024 · Private raises (Form D): $219.2M2024 · Federal contracts: $16.9M2025 · Federal contracts: $14.2M2026 · Federal contracts: $7.0M2026
Figures by year
YearPrivate raises (Form D)Federal contractsTotal
2026–$7.0M$7.0M
2025–$14.2M$14.2M
2024$219.2M$16.9M$236.2M
2023$231.2M$15.9M$247.2M
2022–$12.5M$12.5M
2021$2.7B$13.8M$2.7B
2020$399.1M$9.9M$409.0M
2019–$157.8K$157.8K
2018$644.4M$12.1M$656.6M
2017–$62.0M$62.0M
2016–$425.0M$425.0M
2015–$331.4M$331.4M
2014–$333.3M$333.3M
2013–$342.9M$342.9M
2012–$254.2M$254.2M
2011–$12.0M$12.0M
2010–$395.2K$395.2K
2009–$233.3K$233.3K
2008–$223.3K$223.3K
1990$3.6B–$3.6B

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Dec 18, 2024Raised $219.2 million in a private offering of securities12 Form D: 1 investor so far Form D
  2. Aug 3, 2023Raised $231.2 million in a private offering of securities19 Form D: 12 investors so far Form D
  3. Dec 8, 2021Raised $2.7 billion in a private offering of securities11 Form D: 28 investors so far Form D
  4. Jan 1, 2021Raised $2.4 million in a private offering of securities20 Form D: 1 investor so far Form D
  5. Oct 1, 2020Raised $82.4 million in a private offering of securities21 Form D: 1 investor so far Form D
  6. Aug 17, 2020Raised $300 million in a private offering of securities22 Form D: 2 investors so far Form D
  7. Aug 14, 2020Raised $16.8 million in a private offering of securities23 Form D: 11 investors so far Form D
  8. Jul 6, 2018Raised $644.4 million in a private offering of securities13 Form D: 107 investors so far Form D
  9. Aug 30, 1990Raised $267.1 million in a private offering of securities24 Form D: 1 investor so far Form D
  10. Aug 30, 1990Raised $3.4 billion in a private offering of securities25 Form D: 16 investors so far Form D

Federal awards

Obligated amounts from USAspending.gov26, by calendar year, 2008–2026, for its registration. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest contracts

  1. Feb 1, 2011$1.7B from Defense Health Agency: Tricare dental program, base year 1 feb 2011-31 jan 2012, clins0001, 0002 and 000327 To METROPOLITAN LIFE INSURANCE CO Award HT940211C0001
  2. Jan 1, 2021$38.6M from Securities and Exchange Commission: Sec supplemental benefits plan (sbp)28 To METROPOLITAN LIFE INSURANCE CO Award 50310220C0045
  3. Nov 12, 2015$31.0M from Securities and Exchange Commission: Igf::ot::igf supplemental health benefit plan29 To METROPOLITAN LIFE INSURANCE CO Award SECHQ116C0010
  4. Jan 1, 2026$15.9M from Securities and Exchange Commission: Supplemental benefits program30 To METROPOLITAN LIFE INSURANCE CO Award 50310225C0033
  5. Aug 1, 2021$11.3M from Office of the Comptroller of the Currency: Group life insurance services31 To METROPOLITAN LIFE INSURANCE CO Award 2031JW21C00019

SEC filer profile

How METROPOLITAN LIFE INSURANCE CO is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMETROPOLITAN LIFE INSURANCE CO1
  • CIK0000937834
  • Employer ID (EIN)13-55818294
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inNew York4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6311 Life Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address200 Park Avenue, New York, NY 101661
  • Phone212-578-90001
  • Shares outstanding494,466,664 as of Aug 11, 20269
  • Public float$0 as of Dec 31, 20255
  • AuditorDELOITTE & TOUCHE LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 25, 20061
  • Filings237 in all: D/A (57), 10-Q (39), D (27), 424B3 (15), 10-K (13), 8-K (12), EFFECT (7), S-3 (7)1
    All 31 form types

    40-OIP/A (6), CORRESP (6), S-3/A (5), 40-OIP (4), REGDEX (4), UPLOAD (4), 485BPOS (3), 497J (3), IRANNOTICE (3), REGDEX/A (3), 10-12G/A (2), 40-APP (2), 485APOS (2), 485BXT (2), 497 (2), 497VPU (2), 10-12G (1), 40-APP/A (1), N-4 (1), N-VPFS (1), OIP NTC (1), OIP ORDR (1), RW (1)

  • Latest filingsAnnual report (10-K) Mar 11, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Latest 8-K (8-K) Dec 26, 2023

Risk factors and legal proceedings

The risks METROPOLITAN LIFE INSURANCE CO names in Item 1A of its 10-K filed Mar 11, 2026: 23 risks under these headings, as written.4

  • Economic Environment and Capital Markets Risks
  • We May Face Difficult Economic Conditions
  • Interest Rate Risks
  • Credit Spread Risks
  • Equity Market Risks
  • Real Estate Risks
  • Political, Obligor and Counterparty Risks
  • Derivatives Risks
  • We May Not Meet Our Liquidity Needs, Access Capital, or May Face Significantly Increased Cost of Capital Due to Adverse Capital and Credit Market Conditions
  • MetLife, Inc. May Be Unable to Access Its Credit Facility, Reducing Our Liquidity and Leading to Downgrades in Credit and Financial Strength Ratings
  • We May Lose Business Due to a Downgrade or a Potential Downgrade in Our Financial Strength or Credit Ratings
  • We May Not Find Available, Affordable or Adequate Reinsurance to Protect Us Against Losses
The other 19 risks
  • Our Statutory Life Insurance Reserve Financings Costs May Increase, and We May Find Limited Market Capacity for New Financings
  • Regulatory and Legal Risks
  • Changes in Laws or Regulation, or in Supervisory and Enforcement Policies, May Reduce Our Profitability, Limit Our Growth, or Otherwise Adversely Affect Us
  • Governments or Others May Increase our Taxes by Changing or Re-Interpreting Tax Laws, Making Some of Our Products Less Attractive to Consumers
  • We May Face Increasing Litigation and Regulatory Investigations
  • Our Efforts to Enhance the Sustainability of our Businesses May Not Meet Regulators' or Customers' Expectations
  • Investment Risks
  • We May Face Defaults, Downgrades, Volatility or Other Events That Adversely Affect the Investments We Hold
  • We May Have Difficulty Selling Holdings in Our Investment Portfolio or in Our Securities Lending Program in a Timely Manner to Realize Their Full Value
  • We May Have to Pledge Collateral or Make Payments in Derivatives and Reinsurance Transactions
  • We May Change Our Securities and Investments Valuation, or Take Allowances and Impairments on Our Investments, or Change Our Methodologies, Estimations, and Assumptions
  • Business Risks
  • Our Actual Claims or Other Results May Differ From Our Estimates, Assumptions, or Models
  • We May Face Competition for Business
  • We Face Technological Changes That Present New and Intensified Challenges and May Fail to Foresee or Adapt to These Changes
  • We May Face Catastrophes That Affect Liabilities for Policyholder Claims and Reinsurance Availability
  • We May Face Direct or Indirect Effects of Climate Change or Responses to It
  • We May Need to Fund Deficiencies in Our Closed Block, and May Not Re-Allocate Closed Block Assets
  • We May Be Required to Impair VODA, VOBA or VOCRA
  • We May Face Volatility, Higher Risk Management Costs, and Increased Counterparty Risk Due to Guarantees Within Certain of Our Products
  • Operational Risks
  • Our Risk Management Policies and Procedures, or Our Models, May Leave Us Exposed to Unidentified or Unanticipated Risk
  • Our Policies and Procedures May Be Insufficient to Protect Us From Operational Risks
  • We May Fail to Protect the Confidentiality, Integrity or Availability of Our Systems or Data, Including As a Result of a Failure in Our Cybersecurity or Other Information Security Systems or Our Disaster Recovery Plans or Those of Our Vendors
  • We May Face Changes in Accounting Standards
  • Our Associates May Take Excessive Risks
  • We May Have Difficulty in or Complications from Marketing and Distributing Our Products

Legal proceedings

See Note 19 of the Notes to the Consolidated Financial Statements.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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