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Metlife Inc   (MET)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial

Metlife Inc 's

Competitiveness


 

MET Sales vs. its Competitors Q3 2021



Comparing the results to its competitors, Metlife Inc reported Total Revenue increase in the 3 quarter 2021 by 5.56 % year on year.
The revenue growth was below Metlife Inc 's competitors average revenue growth of 12.87 %, recorded in the same quarter.

List of MET Competitors

With net margin of 9.4 % company achieved higher profitability than its competitors.

More on MET Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Metlife Inc Net Income in the 3 quarter 2021 grew year on year by 124.12 %, while most of its competitors have experienced contraction in net income by -35.26 %.

<<  More on MET Income Comparisons


Metlife Inc 's Comment on Competitors and Industry Peers


We believe that competition faced by our segments is based on a number of factors, including service, product features, scale, price, financial strength, claims-paying ratings, credit ratings, e-business capabilities and name recognition. We compete globally with other insurance companies, as well as non-insurance financial services companies, such as banks, broker-dealers and asset managers, for individual consumers, employer and other group customers, as well as agents and other distributors of insurance and investment products. Some of these companies offer a broader array of products, have more competitive pricing or, with respect to other insurance companies, have higher claims paying ability ratings. In the U.S. and Japan, we compete with a large number of domestic and foreign-owned life insurance companies, many of which offer products in categories on which we focus. Elsewhere, we compete with the foreign insurance operations of large U.S. insurers and with global insurance groups and local companies in particular areas in which they are active. Many of our group insurance products are underwritten annually and, accordingly, there is a risk that group purchasers may be able to obtain more favorable terms from competitors rather than renewing coverage with us.

We believe that the continued volatility of the financial markets, its impact on the capital position of many competitors, and subsequent actions by regulators and rating agencies have altered the competitive environment. In particular, we believe that these factors have highlighted financial strength as the most significant differentiator from the perspective of some customers and certain distributors. We believe the Company is well positioned to compete in this environment. In particular, the Company distributes many of its individual products through other financial institutions such as banks and broker-dealers. These distribution partners are currently placing greater emphasis on the financial strength of the company whose products they sell. In addition, the financial market turbulence has highlighted the extent of the risk associated with certain variable annuity products and has led us, along with many companies in our industry, to re-examine the pricing and features of the products offered. The effects of current market conditions may also lead to consolidation in the life insurance industry. Although we cannot predict the ultimate impact of these conditions, we believe that the strongest companies will enjoy a competitive advantage as a result of the current circumstances.





  

Overall company Market Share Q3 2021

Revenue in Overall company grew by 5.56 %, less than Metlife Inc peers within this division.

<<  More on MET Market Share.
 

*Market share calculated with total revenue.


MET's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Metlife Inc 70,409 51,061 5,522 66,000
Aflac Incorporated 22,583 36,472 4,237 9,235
Allstate Corp 49,595 32,269 3,399 38,800
American International Group Inc 47,646 46,070 5,801 65,000
Truist Financial Corporation 22,914 78,764 6,165 0
Chubb Limited 40,328 0 8,816 0
Cigna Corporation 170,102 67,494 8,424 37,200
Cincinnati Financial Corporation 9,001 18,861 2,525 4,305
Humana Inc 81,072 54,529 2,673 57,000
Principal Financial Group inc 13,482 18,862 1,488 14,873
Progressive Corp 46,157 55,904 3,919 26,501
Prudential Financial Inc 70,539 40,302 7,574 48,331
Safeco Corporation 0 0 0 0
Unitedhealth Group Incorporated 278,969 429,101 16,797 170,000
Unum Group 13,308 4,767 800 9,500
Wellpoint, Inc. 71,427 0 2,570 0
Aetna Inc 60,705 70,069 3,503 48,800
Aon Plc 12,090 66,017 969 69,000
Lincoln National Corporation 18,761 12,408 1,328 9,627
Mbia Inc 233 561 -348 252
The Hartford Financial Services Group Inc 21,902 23,324 2,152 17,500
Loews Corp 14,799 14,449 1,685 17,510
Xl Fleet Corp 28 551 -15 4,663
Genworth Financial Inc 8,359 2,005 1,019 5,300
Assurant Inc 10,168 9,055 1,388 17,600
Travelers Companies inc 34,202 37,305 4,113 30,200
Berkshire Hathaway Inc 267,320 511,121 81,322 0
Anthem Inc 133,882 97,236 5,521 48,200
Firstmerit Corp 956 0 185 4,112
International Bancshares Corporation 575 2,649 246 2,822
Mb Financial Inc 955 3,598 331 2,980
Old National Bancorp 860 2,926 295 2,652
Trustmark Corp 687 1,956 172 2,941
Cifc Llc 0 0 0 82
Kkr Financial Holdings Llc 546 0 293 1
Leaf Group Ltd 231 304 -4 0
Investors Heritage Capital Corp 63 49 1 1
Security National Financial Corporation 496 181 38 1,271
American Independence Corp. 0 0 0 268
Centene Corporation 121,702 41,969 724 18,200
Cno Financial Group Inc 4,124 2,985 437 3,500
Futu Holdings Ltd 427 41,145 171 150
Triple s Management Corporation 4,115 830 81 3,257
Health Net Inc 0 0 0 50
Molina Healthcare Inc 25,597 16,622 590 21,000
Trupanion Inc 647 4,495 -32 439
Universal American Corp. 0 0 0 961
Wellcare Health Plans inc 26,983 17,792 631 6,900
Partnerre Ltd 7,876 0 254 1,035
Atlantic American Corp 210 76 13 147
American National Group Inc 4,376 5,095 756 4,736
Citizens Inc 246 268 0 620
Fbl Financial Group Inc 788 1,494 103 1,637
Fidelity & Guaranty Life 1,585 1,532 243 220
First Trinity Financial Corp 56 0 3 9
Kansas City Life Insurance Co 484 458 30 436
National Security Group Inc 66 27 -3 1
National Western Life Group Inc 831 743 187 261
Protective Life Corporation 5,799 0 457 2,541
Phoenix Companies Inc 0 0 0 630
Symetra Financial Corporation 2,111 0 210 1,400
Utg Inc 44 86 15 42
Voya Financial Inc 4,626 7,693 2,167 7,000
Brown and Brown Inc 2,955 18,353 583 7,807
Tiptree Inc 1,138 415 59 929
Patriot National, Inc. 0 0 0 1,145
Arch Capital Group Ltd 9,323 16,811 2,215 2,030
Amtrust Financial Services, Inc. 6,800 2,905 291 6,200
Aspen Insurance Holdings Limited 2,836 0 -40 0
Aspira Women s Health Inc -1,277 193 -186 1,433
Axis Capital Holdings Ltd 5,206 4,430 416 1,225
Protective Insurance Corporation 518 333 40 0
Conifer Holdings Inc 118 21 3 133
China United Insurance Service inc 128 48 9 2,239
Donegal Group Inc 804 420 35 0
Emc Insurance Group Inc. 722 780 32 1
Endurance Specialty Holdings Ltd. 2,539 0 283 1,154
Essent Group Ltd 1,019 4,741 624 366
First Acceptance Corp 348 34 -9 1,400
Fednat holding company 263 26 -133 297
Enstar Group Ltd 1,428 4,293 1,050 1,327
Global Indemnity Group Llc 647 374 5 460
Homeowners Of America Holding Corp 0 0 0 56
Hallmark Financial Services inc 440 71 6 411
Hci Group Inc 366 963 9 225
Horace Mann Educators Corporation 1,351 1,587 150 1,350
Heritage Insurance Holdings Inc 624 187 -23 247
Infinity Property & Casualty Corp 1,345 1,658 33 2,300
James River Group Holdings Ltd 609 858 -121 367
Kingsway Financial Services Inc 80 115 -1 305
Kingstone Companies Inc 144 52 6 69
Kemper Corporation 5,707 3,442 112 5,600
Mercury General Corporation 4,016 2,841 384 4,500
Markel Corporation 12,444 15,067 2,420 10,600
National Interstate Corp 0 0 0 715
Navigators Group Inc 1,527 2,090 2 675
National General Holdings Corp 5,552 3,976 524 4,630
Outbrain Inc 1,097 693 -6 1,150
Old Republic International Corporation 8,505 7,209 1,153 8,200
Fg Financial Group Inc 10 16 -6 0
Proassurance Corporation 1,041 1,236 126 938
Rli Corp 1,160 4,762 268 902
Safety Insurance Group inc 902 1,192 172 622
State National Companies, Inc. 237 908 55 400
State Auto Financial Corporation 1,659 2,306 72 2,065
Hanover Insurance Group Inc 5,150 4,599 420 4,800
United Fire Group Inc 1,105 559 14 1,057
United Insurance Holdings Corp 721 187 -91 119
Unico American Corporation 36 17 -19 86
Universal Insurance Holdings Inc 1,102 485 51 392
W R Berkley Corp 7,776 0 1,049 7,621
White Mountains Insurance Group ltd 1,116 0 112 2,973
Alleghany Corp 10,769 9,163 970 3,135
Midwest Holding Inc 13 59 -22 0
SUBTOTAL 1,920,164 2,054,003 205,040 1,002,355


       
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