MetLife Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	3,841	4,426	1,578	5,284	6,855	5,407
Depreciation & Amortization	710	714	718	673	694	412
Other Amortization	-	-	-	-	-	207
Gain (Loss) on Sale of Investments	-347	-347	1,468	268	-2,417	-706
Change in Accounts Receivable	460	460	-1,952	299	362	842
Change in Income Taxes	-484	-484	-1,177	198	856	-11
Change in Insurance Reserves / Liabilities	4,079	4,079	4,637	3,937	5,002	5,112
Change in Other Net Operating Assets	-1,898	-1,898	600	-1,535	-2,021	-1,191
Other Operating Activities	8,213	7,595	7,419	4,215	6,775	1,390
Operating Cash Flow	14,627	14,598	13,721	13,044	12,347	11,639
Operating Cash Flow Growth	-3.57%	6.39%	5.19%	5.64%	6.08%	-15.57%
Cash Acquisitions	-	-	-	-	-	-1,684
Investment in Securities	-18,063	-10,866	-6,416	5,754	-14,234	-13,355
Other Investing Activities	-1,714	-1,866	-2,660	-3,332	-4,583	739
Investing Cash Flow	-16,685	-11,493	-10,246	-2,620	-11,187	-18,569
Short-Term Debt Issued	-	-	-	-	1,883	3,538
Long-Term Debt Issued	-	1,853	2,671	1,013	29	1,124
Total Debt Issued	2,253	1,853	2,671	1,013	1,912	4,662
Total Debt Repaid	-1,911	-3,079	-5,242	-10,865	-661	-247
Net Debt Issued (Repaid)	342	-1,226	-2,571	-9,852	1,251	4,415
Repurchases of Common Stock	-2,829	-3,207	-3,103	-3,326	-4,303	-1,151
Issuance of Preferred Stock	-	-	-	-	-	1,961
Repurchases of Preferred Stock	-1,000	-	-	-	-500	-1,003
Common Dividends Paid	-1,512	-1,527	-1,566	-1,598	-1,647	-1,657
Preferred Dividends Paid	-195	-200	-198	-185	-195	-202
Total Dividends Paid	-1,707	-1,727	-1,764	-1,783	-1,842	-1,859
Other Financing Activities	-380	66	-213	-297	192	120
Financing Cash Flow	642	-3,131	-2,940	-9,948	-1,126	10,729
Foreign Exchange Rate Adjustments	-116	-545	-91	-397	-478	163
Miscellaneous Cash Flow Adjustments	-	-	-	69	696	-765
Net Cash Flow	-1,532	-571	444	148	252	3,197
Cash Income Tax Paid	1,565	1,600	1,833	1,056	1,102	787
Levered Free Cash Flow	-10,518	2,877	-8,100	1,412	5,546	4,167
Unlevered Free Cash Flow	-9,858	3,525	-7,447	1,998	6,121	4,738
Change in Working Capital	1,366	1,366	1,448	2,099	3,491	4,853

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