METLIFE INC Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (In millions, except per share data) | |||||||||||||||||
| Weighted Average Shares: | |||||||||||||||||
| Weighted average common stock outstanding - basic | 668.9 | 706.4 | 757.7 | ||||||||||||||
| Incremental common shares from assumed exercise or issuance of stock-based awards | 4.4 | 4.7 | 4.6 | ||||||||||||||
| Weighted average common stock outstanding - diluted | 673.3 | 711.1 | 762.3 | ||||||||||||||
| Net Income (Loss): | |||||||||||||||||
| Net income (loss) | $ | 3,403 | $ | 4,444 | $ | 1,602 | |||||||||||
| Less: Net income (loss) attributable to noncontrolling interests | 24 | 18 | 24 | ||||||||||||||
| Less: Preferred stock dividends | 194 | 200 | 198 | ||||||||||||||
Preferred stock redemption premium | 12 | — | — | ||||||||||||||
| Net income (loss) available to MetLife, Inc.’s common shareholders | $ | 3,173 | $ | 4,226 | $ | 1,380 | |||||||||||
| Basic | $ | 4.74 | $ | 5.98 | $ | 1.82 | |||||||||||
| Diluted | $ | 4.71 | $ | 5.94 | $ | 1.81 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 21, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.