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METLIFE INC (MET)

Income Statement

Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    U.S.  37,084.036,195.035,787.037,037.031,846.029,480.028,738.0 
    MetLife Holdings  11,141.010,095.010,406.010,726.011,356.012,467.013,146.0 
    EMEA  2,928.03,013.02,945.02,921.02,833.02,809.02,847.0 
    Significant Reconciling Items  836.01,377.02,646.0   343.02,236.0
    Other      16,273.016,031.016,269.071,080.0
Total revenues  2,074.01,354.01,289.01,256.062,308.060,787.061,343.073,316.0
            Revenue growth  53.2%5.0%2.6%-98.0%2.5%-0.9%-16.3%7.5%
Loss and loss adjustment expenses  43,954.041,461.041,461.042,656.038,313.036,358.035,144.039,102.0
Investment expenses  949.01,054.01,422.01,285.01,122.0972.01,082.01,178.0
Other operating expenses  -51,875.0-49,001.0-49,344.0-50,114.018,208.018,019.018,298.023,016.0
EBITDA  9,754.08,496.08,419.08,090.05,489.05,148.05,770.06,027.0
            EBITDA margin  470.3%627.5%653.1%644.1%8.8%8.5%9.4%8.2%
Depreciation  694.0619.0630.0628.0795.0652.0693.0713.0
EBIT  9,060.07,877.07,789.07,462.04,694.04,496.05,077.05,314.0
            EBIT margin  436.8%581.8%604.3%594.1%7.5%7.4%8.3%7.2%
Interest expense, net   [+]906.0876.0916.01,089.01,100.0169.0282.096.0
Other income (expense), net  -14.0-37.0-39.0-33.0-29.0-23.0-30.0130.0
Pre-tax income  8,126.06,927.06,795.06,307.03,536.04,281.05,651.08,804.0
Income taxes  1,551.01,509.0886.01,179.0-1,470.0693.01,590.02,465.0
            Tax rate  19.1%21.8%13.0%18.7% 16.2%28.1%28.0%
Minority interest  21.011.010.05.010.04.012.027.0
Earnings from continuing ops  6,353.05,191.05,721.04,982.04,893.03,481.03,891.06,190.0
Earnings from discontinued ops      -986.0-2,734.01,324.0-3.0
Net income  6,353.05,191.05,721.04,982.03,907.0747.05,215.06,187.0
            Net margin  306.3%383.4%443.8%396.7%6.3%1.2%8.5%8.4%
   
Basic EPS  $7.36$5.72$6.10$4.95$4.57$3.16$3.48$5.48
Diluted EPS  $7.31$5.68$6.06$4.91$4.54$3.14$3.45$5.42
   
Shares outstanding (basic)  862.7907.8937.61,005.91,069.71,100.51,117.81,128.7
Shares outstanding (diluted)  869.4913.2944.41,013.91,078.51,108.51,128.31,142.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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