Direct Answer
MetLife reports revenue across 6 business segments in its fiscal 2025 Form 10-K. Group Benefits is the largest, with $26.9 billion of revenue (35% of the total), followed by Retirement and Income Solutions at $21.0 billion (27%).
How Does MetLife Make Money?
No single line supplies a majority of revenue: the largest, Group Benefits, is 35%, which spreads MetLife's exposure across several demand drivers. Between fiscal 2024 and 2025, Met Life Investment Management grew fastest (+29.4%) and Group Benefits slowest (+2.9%), so the revenue mix tilts toward Met Life Investment Management while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Group Benefits | $26.9 billion | $26.1 billion | 34.9% | 2.9% |
| Retirement and Income Solutions | $21.0 billion | $17.1 billion | 27.3% | 23.2% |
| Asia | $12.0 billion | $11.4 billion | 15.5% | 4.7% |
| Latin America | $8.3 billion | $7.6 billion | 10.8% | 9.5% |
| EMEA | $3.2 billion | $2.8 billion | 4.1% | 13.9% |
| Met Life Investment Management | $938 million | $725 million | 1.2% | 29.4% |
What the Segment Figures Do Not Show
The rows above add up to 94% of MetLife's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value MetLife reported in the segment note and revenue disclosures of its Form 10-K filed February 19, 2026 (accession 0001099219-26-000013), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are MetLife's business segments?
In its fiscal 2025 Form 10-K, MetLife reports revenue for Group Benefits, Retirement and Income Solutions, Asia, Latin America, EMEA and Met Life Investment Management.
Which part of MetLife brings in the most revenue?
Group Benefits, with $26.9 billion of revenue in fiscal 2025, or 35% of the total.
Where does MetLife report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 19, 2026, alongside management's discussion of each segment's results.