MetLife (MetLife) Intangible Assets

: $9,236 Mil (As of Dec. 2023)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. MetLife's intangible assets for the quarter that ended in Dec. 2023 was $9,236 Mil.

MetLife Intangible Assets Historical Data

The historical data trend for MetLife's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MetLife Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

9,308.00

10,112.00

9,535.00

9,297.00

9,236.00

MetLife Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intangible Assets																9,297.00	9,379.00	9,261.00	9,109.00	9,236.00

MetLife Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

MetLife (NYSE:MET) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

MetLife Intangible Assets Related Terms

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MetLife (MetLife) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MetLife Inc (NYSE:MET) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

METpF.PFD:USA METpE.PFD:USA METpA.PFD:USA MET:Mexico MWZ:Germany MWZ:Germany METB34:Brazil

Address

200 Park Avenue, New York, NY, USA, 10166-0188

Website

https://www.metlife.com

MetLife is one of the largest life insurers in the U.S. by assets and provides a variety of insurance and financial services products. The company is organized into five segments: U.S., Asia, Latin America, EMEA, and MetLife Holdings. The U.S. business contributes around 41% of earnings and is broken into the group benefits segment and the retirement solutions segment. The Asia segment contributes around 28% of earnings and is mainly composed of the Japan business with increasing contributions from India, China, and Bangladesh. The company also holds leading market positions in Mexico and Chile with the Latin America segment contributing around 6% of earnings. The EMEA and the MetLife segments contribute around 5% and 20% of earnings, respectively.

Executives

Marlene Debel	officer: EVP & Chief Risk Officer	METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Jeh C. Johnson	director	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Bill Pappas	officer: EVP, Global Tech. & Ops.	METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Robert Glenn Hubbard	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Susan M Podlogar	officer: EVP & Chief HR Officer	200 PARK AVENUE, NEW YORK NY 10166
Steven J Goulart	officer: EVP & Chief Investment Officer	200 PARK AVENUE, NEW YORK NY 10166
Michel Khalaf	director, officer: President & CEO	200 PARK AVENUE, NEW YORK NY 10166
Carla A Harris	director	702 SW 8TH STREET, BENTONVILLE AR 72716
William E Kennard	director	METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Catherine R Kinney	director	C/O QTS REALTY TRUST INC., 12851 FOSTER STREET, OVERLAND PARK KS 66213
Cheryl W Grise	director	NORTHEAST UTILITIES, 107 SELDEN STREET, BERLIN CT 06037
Gerald L Hassell	director
Mark A Weinberger	director	METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
David L Herzog	director	180 MAIDEN LANE, NEW YORK NY 10038
Denise M Morrison	director	METLIFE, 200 PARK AVENUE, NEW YORK NY 10166