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Metlife vs Reinsurance Group of America: revenue, profit, margins and growth compared

Metlife brought in $77.1B of revenue in fiscal 2025, Reinsurance Group of America $23.7B in fiscal 2025. Revenue changed by +8.6% at Metlife and +7.2% at Reinsurance Group of America on the year before, so Metlife grew faster. Metlife kept 4.4% of its revenue as net profit, Reinsurance Group of America 5.0%.

Side by side, latest fiscal year

METRGA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$77.1B$23.7B
Revenue growth+8.6%+7.2%
Net income$3.4B$1.2B
Net margin4.4%5.0%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$4.71$17.69
Cash$22B$4.2B
Debt$14.8B$5.7B
Price to earnings20.714.1
Market value$62.1B$16.2B
Dividend yield2.30%1.46%
Rank by revenue in sector#7 of 444 · Finance#27 of 444 · Finance

Over the years

Revenue
MET FY2018: $67.9BMET FY2019: $69.6BMET FY2020: $67.8BMET FY2021: $68.7BMET FY2022: $68.8BMET FY2023: $66.9BMET FY2024: $71BMET FY2025: $77.1BRGA FY2018: $12.9BRGA FY2019: $14.3BRGA FY2020: $14.6BRGA FY2021: $16.7BRGA FY2022: $16.2BRGA FY2023: $18.6BRGA FY2024: $22.1BRGA FY2025: $23.7BFY18FY19FY20FY21FY22FY23FY24FY25
MET $77.1BRGA $23.7B
Net income
MET FY2018: $5.1BMET FY2019: $5.9BMET FY2020: $5.4BMET FY2021: $6.9BMET FY2022: $5.3BMET FY2023: $1.6BMET FY2024: $4.4BMET FY2025: $3.4BRGA FY2018: $716MRGA FY2019: $870MRGA FY2020: $415MRGA FY2021: $1.2BRGA FY2022: $517MRGA FY2023: $902MRGA FY2024: $717MRGA FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
MET $3.4BRGA $1.2B
Net margin
MET FY2018: 7.5%MET FY2019: 8.5%MET FY2020: 8.0%MET FY2021: 10.0%MET FY2022: 7.7%MET FY2023: 2.4%MET FY2024: 6.2%MET FY2025: 4.4%RGA FY2018: 5.6%RGA FY2019: 6.1%RGA FY2020: 2.8%RGA FY2021: 7.0%RGA FY2022: 3.2%RGA FY2023: 4.9%RGA FY2024: 3.2%RGA FY2025: 5.0%FY18FY19FY20FY21FY22FY23FY24FY25
MET 4.4%RGA 5.0%
Revenue growth
MET FY2019: +2.5%MET FY2020: -2.6%MET FY2021: +1.3%MET FY2022: +0.1%MET FY2023: -2.7%MET FY2024: +6.1%MET FY2025: +8.6%RGA FY2019: +11.1%RGA FY2020: +2.1%RGA FY2021: +14.2%RGA FY2022: -2.6%RGA FY2023: +14.4%RGA FY2024: +19.1%RGA FY2025: +7.2%FY19FY20FY21FY22FY23FY24FY25
MET +8.6%RGA +7.2%
Free cash flow
RGA FY2018: $1.6BRGA FY2019: $2.3BRGA FY2020: $3.3BRGA FY2021: $4.2BRGA FY2022: $1.3BFY18FY19FY20FY21FY22
METRGA $1.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Metlife and Reinsurance Group of America

Which is bigger by revenue, Metlife or Reinsurance Group of America?

Metlife is bigger by revenue: $77.1B in fiscal 2025, against $23.7B for Reinsurance Group of America in fiscal 2025.

Which keeps more of its revenue as profit, Metlife or Reinsurance Group of America?

Metlife had a net margin of 4.4% in fiscal 2025; Reinsurance Group of America had 5.0% in fiscal 2025.

Which grew revenue faster, Metlife or Reinsurance Group of America?

In their latest fiscal years revenue changed by +8.6% at Metlife and +7.2% at Reinsurance Group of America.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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