MetLife Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,379	4,426	1,578	5,284	6,855
Depreciation & Amortization	753	714	718	673	694
Gain (Loss) on Sale of Investments	-696	-347	1,468	268	-2,417
Change in Accounts Receivable	-27	460	-1,952	299	362
Change in Income Taxes	-624	-484	-1,177	198	856
Change in Insurance Reserves / Liabilities	7,257	4,079	4,637	3,937	5,002
Change in Other Net Operating Assets	-158	-1,898	600	-1,535	-2,021
Other Operating Activities	7,911	7,595	7,419	4,215	6,775
Operating Cash Flow	17,092	14,598	13,721	13,044	12,347
Operating Cash Flow Growth	17.09%	6.39%	5.19%	5.64%	6.08%
Cash Acquisitions	-738	-	-	-	-
Investment in Securities	-16,564	-10,866	-6,416	5,754	-14,234
Other Investing Activities	-2,044	-1,866	-2,660	-3,332	-4,583
Investing Cash Flow	-15,607	-11,493	-10,246	-2,620	-11,187
Short-Term Debt Issued	-	-	-	-	1,883
Long-Term Debt Issued	2,182	1,853	2,671	1,013	29
Total Debt Issued	2,182	1,853	2,671	1,013	1,912
Total Debt Repaid	-2,773	-3,079	-5,242	-10,865	-661
Net Debt Issued (Repaid)	-591	-1,226	-2,571	-9,852	1,251
Repurchases of Common Stock	-2,883	-3,207	-3,103	-3,326	-4,303
Repurchases of Preferred Stock	-1,000	-	-	-	-500
Common Dividends Paid	-1,509	-1,527	-1,566	-1,598	-1,647
Preferred Dividends Paid	-194	-200	-198	-185	-195
Total Dividends Paid	-1,703	-1,727	-1,764	-1,783	-1,842
Other Financing Activities	-508	66	-213	-297	192
Financing Cash Flow	163	-3,131	-2,940	-9,948	-1,126
Foreign Exchange Rate Adjustments	316	-545	-91	-397	-478
Miscellaneous Cash Flow Adjustments	-	-	-	69	696
Net Cash Flow	1,964	-571	444	148	252
Cash Income Tax Paid	1,564	1,600	1,833	1,056	1,102
Levered Free Cash Flow	-12,739	2,877	-8,100	1,412	5,546
Unlevered Free Cash Flow	-12,075	3,525	-7,447	1,998	6,121
Change in Working Capital	5,380	1,366	1,448	2,099	3,491

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.