MetLife total debt 1998–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
MetLife's total debt was 21.68B USD on 30 September 2026, up 9.3% on a year before. At the end of fiscal year 2025 it was 20.18B USD.
Last updated 8 Nov 2026 · Next report 3 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 21.68B | +9.29% | 354.48B | 332.81B | 0.98 |
| FY2025 | 31 Dec 2025 | 20.18B | +7.84% | 125.34B | 105.15B | 0.71 |
| FY2024 | 31 Dec 2024 | 18.72B | -0.60% | 108.78B | 90.07B | 0.68 |
| FY2023 | 31 Dec 2023 | 18.83B | +4.72% | 316.83B | 298.01B | 0.63 |
| FY2022 | 31 Dec 2022 | 17.98B | +3.16% | 313.32B | 295.34B | 0.60 |
| FY2021 | 31 Dec 2021 | 17.43B | -3.96% | 367.50B | 350.07B | 0.26 |
| FY2020 | 31 Dec 2020 | 18.15B | +7.70% | 378.51B | 360.36B | 0.24 |
| FY2019 | 31 Dec 2019 | 16.85B | +3.74% | 348.27B | 331.42B | 0.25 |
| FY2018 | 31 Dec 2018 | 16.24B | -15.86% | 318.02B | 301.78B | 0.31 |
| FY2017 | 31 Dec 2017 | 19.31B | -2.75% | 326.50B | 307.20B | 0.33 |
| FY2016 | 31 Dec 2016 | 19.85B | -6.87% | 311.63B | 291.78B | 0.29 |
| FY2015 | 31 Dec 2015 | 21.32B | +8.88% | 376.77B | 355.46B | 0.31 |
| FY2014 | 31 Dec 2014 | 19.58B | -11.09% | 388.49B | 368.91B | 0.27 |
| FY2013 | 31 Dec 2013 | 22.02B | -1.63% | 375.13B | 353.11B | 0.36 |
| FY2012 | 31 Dec 2012 | 22.39B | -18.80% | 409.80B | 387.41B | 0.35 |
| FY2011 | 31 Dec 2011 | 27.57B | -24.22% | 381.07B | 353.50B | 0.48 |
| FY2010 | 31 Dec 2010 | 36.38B | +60.83% | 22.43B | -13.95B | 0.75 |
| FY2009 | 31 Dec 2009 | 22.62B | +40.64% | 18.49B | -4.13B | 0.68 |
| FY2008 | 31 Dec 2008 | 16.08B | +16.20% | 38.09B | 22.00B | 0.68 |
| FY2007 | 31 Dec 2007 | 13.84B | -3.59% | 12.51B | -1.34B | 0.39 |
| FY2006 | 31 Dec 2006 | 14.36B | +6.86% | 9.82B | -4.54B | 0.42 |
| FY2005 | 31 Dec 2005 | 13.44B | +51.70% | 7.32B | -6.11B | 0.46 |
| FY2004 | 31 Dec 2004 | 8.86B | -5.22% | 6.71B | -2.14B | 0.39 |
| FY2003 | 31 Dec 2003 | 9.35B | +67.29% | 5.56B | -3.79B | 0.44 |
| FY2002 | 31 Dec 2002 | 5.59B | +40.25% | 4.24B | -1.34B | 0.32 |
| FY2001 | 31 Dec 2001 | 3.98B | +15.85% | 8.68B | 4.69B | 0.25 |
| FY2000 | 31 Dec 2000 | 3.44B | -48.49% | 4.70B | 1.27B | 0.21 |
| FY1999 | 31 Dec 1999 | 6.67B | +86.84% | 2.79B | -3.89B | 0.49 |
| FY1998 | 31 Dec 1998 | 3.57B | — | 0.00 | -3.57B | 0.24 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 21.68B | +9.29% | 354.48B | 332.81B | 0.98 |
| Q2 FY2026 | 30 Jun 2026 | 21.35B | +7.23% | 129.53B | 108.18B | 0.78 |
| Q1 FY2026 | 31 Mar 2026 | 21.13B | +9.89% | 128.16B | 107.03B | 0.77 |
| Q4 FY2025 | 31 Dec 2025 | 20.18B | +7.84% | 125.34B | 105.15B | 0.71 |
| Q3 FY2025 | 30 Sept 2025 | 19.83B | +5.24% | 122.07B | 102.23B | 0.69 |
| Q2 FY2025 | 30 Jun 2025 | 19.91B | +8.41% | 120.16B | 100.26B | 0.72 |
| Q1 FY2025 | 31 Mar 2025 | 19.23B | -0.17% | 117.73B | 98.50B | 0.70 |
| Q4 FY2024 | 31 Dec 2024 | 18.72B | -0.60% | 108.78B | 90.07B | 0.68 |
| Q3 FY2024 | 30 Sept 2024 | 18.85B | +0.26% | 320.15B | 301.31B | 0.61 |
| Q2 FY2024 | 30 Jun 2024 | 18.36B | +2.59% | 302.33B | 283.96B | 0.67 |
| Q1 FY2024 | 31 Mar 2024 | 19.26B | +7.31% | 332.29B | 313.03B | 0.67 |
| Q4 FY2023 | 31 Dec 2023 | 18.83B | +4.72% | 316.83B | 298.01B | 0.63 |
| Q3 FY2023 | 30 Sept 2023 | 18.80B | +5.23% | 321.57B | 302.77B | 0.73 |
| Q2 FY2023 | 30 Jun 2023 | 17.90B | +5.10% | 336.82B | 318.93B | 0.59 |
| Q1 FY2023 | 31 Mar 2023 | 17.95B | +3.59% | 337.73B | 319.78B | 0.56 |
| Q4 FY2022 | 31 Dec 2022 | 17.98B | +3.16% | 313.32B | 295.34B | 0.60 |
| Q3 FY2022 | 30 Sept 2022 | 17.86B | +2.00% | 330.46B | 312.60B | 0.71 |
| Q2 FY2022 | 30 Jun 2022 | 17.03B | -5.73% | 338.63B | 321.60B | 0.46 |
| Q1 FY2022 | 31 Mar 2022 | 17.33B | -3.55% | 377.82B | 360.49B | 0.32 |
| Q4 FY2021 | 31 Dec 2021 | 17.43B | -3.96% | 367.50B | 350.07B | 0.26 |
| Q3 FY2021 | 30 Sept 2021 | 17.51B | -2.94% | 398.82B | 381.31B | 0.25 |
| Q2 FY2021 | 30 Jun 2021 | 18.07B | +0.55% | 401.65B | 383.58B | 0.26 |
| Q1 FY2021 | 31 Mar 2021 | 17.96B | +0.03% | 390.07B | 372.11B | 0.27 |
| Q4 FY2020 | 31 Dec 2020 | 18.15B | +7.70% | 378.51B | 360.36B | 0.24 |
| Q3 FY2020 | 30 Sept 2020 | 18.04B | +7.82% | 382.05B | 364.00B | 0.25 |
| Q2 FY2020 | 30 Jun 2020 | 17.97B | +7.89% | 369.64B | 351.67B | 0.24 |
| Q1 FY2020 | 31 Mar 2020 | 17.96B | +10.27% | 356.71B | 338.75B | 0.26 |
| Q4 FY2019 | 31 Dec 2019 | 16.85B | +3.74% | 348.27B | 331.42B | 0.25 |
| Q3 FY2019 | 30 Sept 2019 | 16.73B | -0.65% | 349.04B | 332.30B | 0.24 |
| Q2 FY2019 | 30 Jun 2019 | 16.65B | -8.30% | 339.94B | 323.28B | 0.26 |
| Q1 FY2019 | 31 Mar 2019 | 16.29B | -15.95% | 327.44B | 311.15B | 0.28 |
| Q4 FY2018 | 31 Dec 2018 | 16.24B | -15.86% | 318.02B | 301.78B | 0.31 |
| Q3 FY2018 | 30 Sept 2018 | 16.84B | -15.97% | 322.56B | 305.72B | 0.33 |
| Q2 FY2018 | 30 Jun 2018 | 18.16B | -20.74% | 326.50B | 308.34B | 0.34 |
| Q1 FY2018 | 31 Mar 2018 | 19.38B | -2.82% | 323.76B | 304.38B | 0.34 |
| Q4 FY2017 | 31 Dec 2017 | 19.31B | -2.75% | 326.50B | 307.20B | 0.33 |
| Q3 FY2017 | 30 Sept 2017 | 20.05B | +0.62% | 331.91B | 311.86B | 0.35 |
| Q2 FY2017 | 30 Jun 2017 | 22.91B | +15.39% | 392.00B | 369.08B | 0.33 |
| Q1 FY2017 | 31 Mar 2017 | 19.94B | -5.87% | 386.28B | 366.34B | 0.29 |
| Q4 FY2016 | 31 Dec 2016 | 19.85B | -6.87% | 311.63B | 291.78B | 0.29 |
| Q3 FY2016 | 30 Sept 2016 | 19.92B | -0.63% | 421.27B | 401.35B | 0.25 |
| Q2 FY2016 | 30 Jun 2016 | 19.86B | -1.03% | 417.75B | 397.89B | 0.25 |
| Q1 FY2016 | 31 Mar 2016 | 21.18B | +0.84% | 400.27B | 379.08B | 0.28 |
| Q4 FY2015 | 31 Dec 2015 | 21.32B | +8.88% | 376.77B | 355.46B | 0.31 |
| Q3 FY2015 | 30 Sept 2015 | 20.05B | +1.86% | 380.15B | 360.10B | 0.28 |
| Q2 FY2015 | 30 Jun 2015 | 20.06B | -0.06% | 377.70B | 357.64B | 0.29 |
| Q1 FY2015 | 31 Mar 2015 | 21.01B | +4.59% | 392.25B | 371.24B | 0.28 |
| Q4 FY2014 | 31 Dec 2014 | 19.58B | -11.09% | 388.49B | 368.91B | 0.27 |
| Q3 FY2014 | 30 Sept 2014 | 19.68B | -8.65% | 392.78B | 373.10B | 0.28 |
| Q2 FY2014 | 30 Jun 2014 | 20.08B | -8.20% | 390.68B | 370.60B | 0.29 |
| Q1 FY2014 | 31 Mar 2014 | 20.09B | -8.76% | 381.24B | 361.16B | 0.31 |
| Q4 FY2013 | 31 Dec 2013 | 22.02B | -1.63% | 375.13B | 353.11B | 0.36 |
| Q3 FY2013 | 30 Sept 2013 | 21.55B | -20.52% | 376.07B | 354.52B | 0.35 |
| Q2 FY2013 | 30 Jun 2013 | 21.87B | -1.36% | 381.92B | 360.05B | 0.36 |
| Q1 FY2013 | 31 Mar 2013 | 22.01B | -17.49% | 401.12B | 379.10B | 0.34 |
| Q4 FY2012 | 31 Dec 2012 | 22.39B | -18.80% | 409.80B | 387.41B | 0.35 |
| Q3 FY2012 | 30 Sept 2012 | 27.11B | -19.54% | 31.63B | 4.52B | 0.42 |
| Q2 FY2012 | 30 Jun 2012 | 22.17B | -39.85% | 34.56B | 12.39B | 0.36 |
| Q1 FY2012 | 31 Mar 2012 | 26.68B | -27.23% | 30.47B | 3.79B | 0.45 |
| Q4 FY2011 | 31 Dec 2011 | 27.57B | -24.22% | 381.07B | 353.50B | 0.48 |
| Q3 FY2011 | 30 Sept 2011 | 33.69B | +13.22% | 25.91B | -7.78B | 0.56 |
| Q2 FY2011 | 30 Jun 2011 | 36.86B | +22.81% | 22.05B | -14.81B | 0.69 |
| Q1 FY2011 | 31 Mar 2011 | 36.66B | +26.50% | 19.51B | -17.15B | 0.74 |
| Q4 FY2010 | 31 Dec 2010 | 36.38B | +60.83% | 22.43B | -13.95B | 0.75 |
| Q3 FY2010 | 30 Sept 2010 | 29.76B | +24.93% | 275.12B | 245.36B | 0.64 |
| Q2 FY2010 | 30 Jun 2010 | 30.01B | +16.85% | 20.45B | -9.57B | 0.76 |
| Q1 FY2010 | 31 Mar 2010 | 28.98B | +16.62% | 17.22B | -11.76B | 0.81 |
| Q4 FY2009 | 31 Dec 2009 | 22.62B | +40.64% | 18.49B | -4.13B | 0.68 |
| Q3 FY2009 | 30 Sept 2009 | 23.82B | +14.48% | 22.42B | -1.40B | 0.70 |
| Q2 FY2009 | 30 Jun 2009 | 25.69B | +20.09% | 21.33B | -4.36B | 0.94 |
| Q1 FY2009 | 31 Mar 2009 | 24.85B | +68.40% | 30.32B | 5.47B | 1.08 |
| Q4 FY2008 | 31 Dec 2008 | 16.08B | +16.20% | 38.09B | 22.00B | 0.68 |
| Q3 FY2008 | 30 Sept 2008 | 20.81B | +13.73% | 22.78B | 1.97B | 0.75 |
| Q2 FY2008 | 30 Jun 2008 | 21.39B | +20.48% | 15.80B | -5.59B | 0.66 |
| Q1 FY2008 | 31 Mar 2008 | 14.76B | -15.63% | 13.49B | -1.27B | 0.45 |
| Q4 FY2007 | 31 Dec 2007 | 13.84B | -3.59% | 12.51B | -1.34B | 0.39 |
| Q3 FY2007 | 30 Sept 2007 | 18.30B | +25.74% | 10.35B | -7.94B | 0.53 |
| Q2 FY2007 | 30 Jun 2007 | 17.75B | +17.38% | 9.27B | -8.49B | 0.53 |
| Q1 FY2007 | 31 Mar 2007 | 17.49B | +30.29% | 9.03B | -8.47B | 0.51 |
| Q4 FY2006 | 31 Dec 2006 | 14.36B | +6.86% | 9.82B | -4.54B | 0.42 |
| Q3 FY2006 | 30 Sept 2006 | 14.55B | +12.55% | 11.76B | -2.79B | 0.46 |
| Q2 FY2006 | 30 Jun 2006 | 15.12B | +12.72% | 8.19B | -6.93B | 0.55 |
| Q1 FY2006 | 31 Mar 2006 | 13.43B | +57.32% | 8.51B | -4.91B | 0.47 |
| Q4 FY2005 | 31 Dec 2005 | 13.44B | +51.70% | 7.32B | -6.11B | 0.46 |
| Q3 FY2005 | 30 Sept 2005 | 12.93B | +56.51% | 11.43B | -1.50B | 0.45 |
| Q2 FY2005 | 30 Jun 2005 | 13.42B | +42.07% | 15.78B | 2.36B | 0.48 |
| Q1 FY2005 | 31 Mar 2005 | 8.53B | -2.75% | 6.48B | -2.06B | 0.37 |
| Q4 FY2004 | 31 Dec 2004 | 8.86B | -5.22% | 6.71B | -2.14B | 0.39 |
| Q3 FY2004 | 30 Sept 2004 | 8.26B | -4.36% | 6.04B | -2.22B | 0.36 |
| Q2 FY2004 | 30 Jun 2004 | 9.44B | +4.88% | 6.55B | -2.90B | 0.44 |
| Q1 FY2004 | 31 Mar 2004 | 8.78B | +10.77% | 5.14B | -3.63B | 0.39 |
| Q4 FY2003 | 31 Dec 2003 | 9.35B | +67.29% | 5.56B | -3.79B | 0.44 |
| Q3 FY2003 | 30 Sept 2003 | 8.64B | +100.60% | 8.09B | -548.00M | 0.41 |
| Q2 FY2003 | 30 Jun 2003 | 9.01B | +158.17% | 8.35B | -651.00M | 0.44 |
| Q1 FY2003 | 31 Mar 2003 | 7.92B | +99.05% | 8.13B | 204.00M | 0.44 |
| Q4 FY2002 | 31 Dec 2002 | 5.59B | +40.25% | 4.24B | -1.34B | 0.32 |
| Q3 FY2002 | 30 Sept 2002 | 4.31B | +41.04% | 6.31B | 2.00B | 0.25 |
| Q2 FY2002 | 30 Jun 2002 | 3.49B | -21.26% | 5.80B | 2.31B | 0.22 |
| Q1 FY2002 | 31 Mar 2002 | 3.98B | -1.70% | 6.43B | 2.45B | 0.26 |
| Q4 FY2001 | 31 Dec 2001 | 3.98B | +15.85% | 8.68B | 4.69B | 0.25 |
| Q3 FY2001 | 30 Sept 2001 | 3.05B | -34.48% | 5.46B | 2.40B | 0.18 |
| Q2 FY2001 | 30 Jun 2001 | 4.43B | -3.86% | 5.58B | 1.15B | 0.26 |
| Q1 FY2001 | 31 Mar 2001 | 4.05B | -36.52% | 5.12B | 1.07B | 0.24 |
| Q4 FY2000 | 31 Dec 2000 | 3.44B | -48.85% | 4.70B | 1.27B | 0.21 |
| Q3 FY2000 | 30 Sept 2000 | 4.66B | -42.98% | 3.59B | -1.08B | 0.31 |
| Q2 FY2000 | 30 Jun 2000 | 4.61B | — | 4.58B | -30.00M | 0.32 |
| Q1 FY2000 | 31 Mar 2000 | 6.38B | — | 3.82B | -2.56B | 0.46 |
| Q4 FY1999 | 31 Dec 1999 | 6.72B | — | 2.79B | -3.93B | 0.49 |
| Q3 FY1999 | 30 Sept 1999 | 8.17B | — | 5.05B | -3.12B | 0.60 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about MetLife's debt
Source: Financial Modeling Prep
