MetLife management check
MET · Financials · Life & Health Insurance · CEO Mr. Khalaf
Filings as of
4 good · 2 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $196, against $201 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.29 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.7% of net income$22.4m of reported pay in fiscal 2025, against $3.2bn of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $1.7m sold in six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -6.0% a year over the last three fiscal years. Stock-based pay was 5.4% of revenue in the latest year.
- Good
Is leadership stable?
7 leadership filings in 3 yearsCEO in the pay table: Mr. Khalaf. 7 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Financials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 47 | 49 | |
| Pay for performance | 36 | 83 | |
| CEO cost | 63 | 67 | |
| Skin in the game | — | — | 51 |
| Dilution | 100 | 69 | |
| Stable leadership | 90 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Life & Health Insurance, by management score. MetLife is 32nd of 72 in its sector.
- 5AFLAflac92
- 141METMetLife73
- 142HBANHuntington Bancshares72
- 261PFGPrincipal Financial Group64
- 313PRUPrudential Financial60
- 381GLGlobe Life56
Pay versus performance
From the proxy statement filed April 29, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Khalaf | $22.4m | $13.8m | $8.0m | $196 | $201 | $3.2bn |
| 2024 | — | $20.3m | $30.4m | $7.1m | $198 | $190 | $4.2bn |
| 2023 | — | $20.5m | $15.4m | $7.6m | $155 | $158 | $1.4bn |
| 2022 | — | $18.1m | $33.0m | $7.5m | $164 | $151 | $2.4bn |
| 2021 | — | $16.6m | $32.5m | $6.9m | $137 | $137 | $6.4bn |
The board says pay is tied most to Adjusted Earnings. Its other key measures: Adjusted ROE, TSR relative to TSR Peer Group.
Insiders and the CEO's stake
Light activity: no buys, $1.7m sold in six months.
- SoldMarlene DebelEVP & Chief Risk Officer$1.7mJun 1, 2026
Leadership and governance on file
- Feb 24, 2026Leadership change8-K 5.02
- Jul 30, 2025Leadership change8-K 5.02
- Mar 28, 2025Leadership change8-K 5.02
- Feb 27, 2025Leadership change8-K 5.02
- Jan 10, 2025Leadership change8-K 5.02
- Jun 24, 2024Leadership change8-K 5.02
- Feb 28, 2024Leadership change8-K 5.02
- Jun 21, 2023Leadership change8-K 5.02
- Mar 1, 2023Leadership change8-K 5.02
- Jun 16, 2022Leadership change8-K/A 5.02
- Apr 4, 2022Leadership change8-K 5.02
Latest shareholder vote results: Jun 22, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $24.7bn returned to owners in buybacks and dividends, 141% of net income, and $827.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.1bn | $2.1bn | $2.2bn | $2.2bn | $2.4bn |
| Net income | $6.4bn | $2.4bn | $1.4bn | $4.2bn | $3.2bn |
| Stock-based pay | $173.0m | $184.0m | $171.0m | $168.0m | $131.0m |
| Buybacks | $4.3bn | $3.3bn | $3.1bn | $3.2bn | $2.9bn |
| Dividends | $1.6bn | $1.6bn | $1.6bn | $1.5bn | $1.5bn |
| Diluted shares | 869m | 809m | 762m | 711m | 673m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.