MetLife Inc

MET
Failed

Company Overview

MetLife, Inc. provides insurance and financial services to individual and institutional customers. It offers life insurance, annuities, automobile and homeowner's insurance and retail banking services to individuals as well as group insurance, reinsurance and retirement and savings products and services. The firm operates through the following segments: U.S., Asia, Latin America, EMEA, MetLife Holdings and Corporate & Other. The U.S. segment offers a broad range of protection products and services aimed at serving the financial needs of customers throughout their lives. The U.S. segment is organized into three businesses: Group Benefits, Retirement and Income Solutions and Property & Casualty. The Asia segment offers a broad range of products to individuals and corporations, as well as other institutions and their respective employees, which include whole life, term life, variable life, universal life, accident & health insurance, fixed and variable annuities and endowment products. The Latin America segment offers a broad range of products to individuals and corporations, as well as other institutions and their respective employees, which include life insurance, accident & health insurance, credit insurance and retirement and savings products. The EMEA segment offers a broad range of products to individuals and corporations, as well as other institutions and their respective employees, which include life, accident & health, credit insurance and retirement and savings products. The MetLife Holdings segment consists of operations relating to products and businesses, such as variable, universal, term and whole life insurance, variable, fixed and index-linked annuities, long-term care insurance, as well as the assumed variable annuity guarantees. The Corporate & Other segment contains the excess capital, as well as certain charges and activities, not allocated to the segments. The company was founded on March 24, 1868 and is headquartered in New York, NY.

Country
US
Market Cap
$45.79B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.00% passed
5% Threshold
0.0%
Liabilities Compliance
41.12% failed
33% Threshold
41.1%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name MetLife Inc
Ticker MET
Main Business Insurance—Life
Type Common Stock
Industry Insurance—Life
Country US
Market Cap $45.79 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Retail $20,960.0 $0.0 -
Group,Voluntary and Worksite Benefits $19,450.0 $0.0 -
Asia $11,260.0 $0.0 -
Corporate Benefit Funding $9,270.0 $0.0 -
Latin America $5,100.0 $0.0 -
EMEA $2,850.0 $0.0 -
Corporate and Other $583.0 $0.0 -
Adjustments $481.0 $0.0 -
Interest income $0.0 $0.0 -
Total $69,954.0 $0.0 0.00% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
long term debt and capital lease obligation non current $18,710,000,000.0 40.86%
short term debt and capital lease obligation $119,000,000.0 0.26%
Total Interest-Bearing Debt $18,829,000,000.0 41.12%
Market Capitalization $45,789,734,600.0 100.00%
Compliance Status Threshold: 33% failed