Metlife Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Metlife Inc (MET) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Metlife Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 79,403M vs 2,130,280M combined for tracked competitors (3.6% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-3.5% annualized vs trailing 12 months), vs accelerating (+2.1%) for its tracked peer group.
- Growth: Metlife Inc generated 10.5% revenue growth year over year in Q2 2026, vs 5.4% for its tracked competitors combined.
- Profitability: Its 4.1% net margin compares with 10.6% for the peer group.
- Scale: Metlife Inc ranks #2 of 19 companies by market capitalization in the Life Insurance industry, holding 17.2% of industry market cap.
- Peer revenue share: Metlife Inc accounted for 3.4% of combined revenue among its tracked peer group, up from 3.3% a year earlier.
- Peer differentiation: Revenue per employee of $1.73M compares with $1.36M for the peer group (1.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MET Sales vs. its Competitors, Q2 2026
Metlife Inc reported revenue growth of 10.46 % year on year in Q2 2026, above its competitors' combined revenue growth of 5.44 %.
With a net margin of 4.07 %, Metlife Inc reported lower profitability than its competitors (10.64 %).
Metlife Inc generated 3.40 % of the combined sales of its peer group, up from 3.25 % a year earlier.
Metlife Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Metlife Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Metlife Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Metlife Inc's competitor groups requires a Commercial License.
For context: the Life Insurance industry grew revenue 5.1% year over year, combined, vs 10.5% for Metlife Inc. Metlife Inc's share of combined industry revenue moved from 8.30% to 8.72%, a gain of 0.43 percentage points.
Metlife Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Metlife Inc | Yes | Yes | Yes | No |
| Competitors combined (70) | ||||
| Similar-Size Competitors (6) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 12.50 % (1 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MET Stock Performance relative to its Competitors
MET Stock Performance relative to High-Confidence Competitors
MET Stock Performance relative to Similar-Size Competitors
MET Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Centene Corporation | 282.9% | Outperformed |
| 2 | United Fire Group Inc | 282.9% | Outperformed |
| 3 | Universal Insurance Holdings Inc | 282.9% | Outperformed |
| 4 | Humana Inc | 282.9% | Outperformed |
| 5 | Safety Insurance Group Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Metlife Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Metlife Inc's Comment on Competition and Industry Peers
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.
Publicly Traded Peers of Metlife Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Metlife Inc | 61,985.96 | 79,403.00 |
| Unitedhealth Group Incorporated | 342,313.98 | 450,129.00 |
| Futu Holdings Ltd | 126,960.16 | 2,935.37 |
| Progressive Corp | 122,372.37 | 91,055.00 |
| Elevance Health Inc | 85,981.16 | 201,113.00 |
| Travelers Companies inc | 77,570.98 | 48,979.00 |
| SUBTOTAL | 1,656,772.35 | 2,409,733.40 |
Sign in to see all competitors of Metlife Inc .
Sources: Metlife Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Metlife Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Metlife Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Aegon Ltd | Named by the company | 85% |
| Cno Financial Group Inc | Named by the company | 85% |
| Bank Bradesco | Named by the company | 85% |
| Business First Bancshares Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Metlife Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Metlife Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Metlife Inc | Group Benefits 36.13 % |
| Unitedhealth Group Incorporated | UnitedHealthcare 76.78 % |
| Elevance Health Inc | Reportable 100.00 % |
| Travelers Companies inc | Business Insurance 45.68 % |
| The Cigna Group | Evernorth 85.32 % |
| Allstate Corp | Allstate Protection 87.37 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Metlife Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Metlife Inc | 61,986 | 1,726,152 | 79,543 |
| Unitedhealth Group Incorporated | 342,314 | 1,154,177 | 38,236 |
| Futu Holdings Ltd | 126,960 | 14,531,554 | 7,188,465 |
| Progressive Corp | 122,372 | 1,821,100 | 233,900 |
| Elevance Health Inc | 85,981 | 2,071,195 | 51,040 |
| Travelers Companies inc | 77,571 | 1,440,559 | 243,765 |
| PEERS TOTAL | 1,594,786 | 1,357,402 | 119,902 |
Metlife Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Aon Plc | Europe, Middle East, and Africa, Other Than United Kingdom and Ireland 16.91 % |
| Brown and Brown Inc | US 86.46 % |
| Ncr Atleos Corporation | United States 47.84 % |
| Trupanion Inc | United States 82.85 % |
| Citizens Inc | All Countries 66.88 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Metlife Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 18 companies in Metlife Inc's industry classification, broader than the peer set above. Market cap in millions of $.Metlife Inc ranks #2 of 18 companies by market capitalization in its industry, holding 17.20 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,326, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Manulife Financial Corporation | 85,050 | 23.60 % |
| 2 | Metlife Inc | 61,986 | 17.20 % |
| 3 | Sun Life Financial Inc | 47,824 | 13.27 % |
| 4 | Prudential Financial Inc | 40,411 | 11.21 % |
| 5 | Prudential Plc | 1,234 | 5.2% |
| 6 | Reinsurance Group Of America Incorporated | 1,234 | 5.2% |
| 7 | Corebridge Financial Inc | 1,234 | 5.2% |
| 8 | Globe Life Inc | 1,234 | 5.2% |
| 9 | Jackson Financial Inc | 1,234 | 5.2% |
| 10 | Voya Financial Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Metlife Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Metlife Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Manulife Financial Corporation | 85,050 | 42.70 % |
| 2 | Metlife Inc | 61,986 | 20.89 % |
| 3 | Sun Life Financial Inc | 47,824 | 35.67 % |
| 4 | Prudential Financial Inc | 1,234 | 12.3% |
| 5 | Prudential Plc | 1,234 | 12.3% |
| 6 | Reinsurance Group Of America Incorporated | 1,234 | 12.3% |
| 7 | Corebridge Financial Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Metlife Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Metlife Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Life Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (28 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 46.12 % | 44.67 % (avg) | +1.5 pp |
| Operating Margin | 28.68 % | industry median | -22.3 pp |
| EBITDA Margin | 8.87 % | 20.82 % (avg) | -12.0 pp |
| Capital Intensity (Capex / Revenue) | 0.00 % | 0.70 % (avg) | -0.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Metlife Inc's Valuation vs Competitive Position
Valuation multiples vs the Life Insurance industry average (28 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 16.6x | 17.6x | -0.9x |
| EV / EBITDA | 7.7x | 13.8x | -6.1x |
| P/B | 2.0x | 1.2x | +0.8x |
| Return on Equity | 12.93 % | industry aggregate | 1.95 % |
| Return on Invested Capital | 4.52 % | 5.48 % (avg) | -0.96 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Metlife Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 9.04 % | 2.47 % | -2.55 % | 4.77 % | -1.66 % | -4.28 % | 6.10 % | 8.59 % |
| Operating Margin | 29.47 % | 29.42 % | 29.59 % | 29.14 % | 45.67 % | 34.62 % | 36.87 % | 35.34 % |
| Return on Invested Capital | 3.80 % | 3.70 % | 3.47 % | 3.64 % | 5.46 % | 3.30 % | 3.67 % | 5.04 % |
| P/E | 8.7x | 8.3x | 8.3x | 8.7x | 25.4x | 36.9x | 14.1x | 16.7x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Metlife Inc's Strategic Group Map
Every company in Metlife Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Metlife Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Metlife Inc's BCG Growth-Share Matrix
Relative market share (vs Metlife Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Metlife Inc falls in the Dog quadrant: relative market share of 0.73x vs its largest competitor, in an industry growing revenue 7.0% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Metlife Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,326 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 0.70 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Metlife Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Metlife Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Metlife Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Metlife Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Metlife Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Operating margin 22.3 points below the industry median.
- Latest-quarter revenue run-rate is decelerating (-3.5% annualized vs trailing 12 months).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Metlife Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Metlife Inc | 0.08 | 0.29 | 0.70 |
| Unitedhealth Group Incorporated | 0.24 | 0.81 | 0.75 |
| Futu Holdings Ltd | 0.06 | 1.19 | 0.30 |
| Progressive Corp | 0.06 | 1.06 | 0.23 |
| Elevance Health Inc | 0.22 | 1.50 | 0.72 |
| Travelers Companies inc | 0.01 | 1.08 | 0.28 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Metlife Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Metlife Inc | Q2 2026 | +10.5 % | +6.0 % |
| Unitedhealth Group Incorporated | Q2 2026 | +0.4 % | +58.7 % |
| Futu Holdings Ltd | Q4 2025 | +67.8 % | +107.6 % |
| Progressive Corp | Q2 2026 | +7.3 % | +4.3 % |
| Elevance Health Inc | Q2 2026 | +1.4 % | -16.1 % |
| Travelers Companies inc | Q2 2026 | +0.3 % | +45.3 % |
| PEERS TOTAL | +6.6 % | +52.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Metlife Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Metlife Inc | Q2 2026 | +1,959.3 % | - |
| Unitedhealth Group Incorporated | Q2 2026 | +2.7 % | -9.8 % |
| Futu Holdings Ltd | Q4 2025 | +29.0 % | -67.4 % |
| Progressive Corp | Q2 2026 | +1,027.3 % | +35.3 % |
| Elevance Health Inc | Q2 2026 | +3.8 % | +7.5 % |
| Travelers Companies inc | Q2 2026 | -0.9 % | - |
Metlife Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Metlife Inc | 0.49% | 0.77% | 12.93% |
| Unitedhealth Group Incorporated | 4.78% | 7.51% | 14.55% |
| Futu Holdings Ltd | 4.95% | 19.69% | 28.25% |
| Progressive Corp | 9.51% | 11.22% | 35.40% |
| Elevance Health Inc | 3.99% | 6.09% | 11.19% |
| Travelers Companies inc | 5.78% | 10.84% | 25.58% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Metlife Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Metlife Inc | 18.39 | 0.78 |
| Unitedhealth Group Incorporated | 24.31 | 0.76 |
| Futu Holdings Ltd | 87.03 | 43.25 |
| Progressive Corp | 10.51 | 1.34 |
| Elevance Health Inc | 17.56 | 0.43 |
| Travelers Companies inc | 9.72 | 1.58 |
| PEERS AVERAGE | 7.91 | 0.69 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.