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MetLife Executive Compensation (FY25)

MET · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): June 22, 2026
261 figures on this page: 254 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
Michel Khalaf was paid $22,364,273 in total compensation as President and Chief Executive Officer for fiscal 2025, and Khalaf's total moved 10.1% higher from the $20,321,179 reported for fiscal 2024. Meanwhile, the say-on-pay proposal drew 94.6% of votes cast for or against in favor at the meeting held June 16, 2026 for fiscal 2025. Separately, the disclosed peer group names Aflac Incorporated, Allstate Corporation, Aon plc, Cigna Group and Elevance Health, Inc., among others, and the fiscal 2025 disclosure covers 5 named executive officers.
Chief executive, fiscal 2025
◇
Michel Khalaf
Latest say-on-pay support
=
June 16, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michel Khalaf: $20,321,179 → $22,364,273 (10.1% higher)
Say-on-pay support: 95.3% → 94.6% (0.7 points lower)
CEO pay ratio: 246:1 → 278:1 (13.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is MetLife's chief executive and what were they paid?
Michel Khalaf was paid $22,364,273 in total compensation as President and Chief Executive Officer for fiscal 2025. Khalaf's total moved 10.1% higher from the $20,321,179 reported for fiscal 2024.
What was MetLife's say-on-pay result?
The say-on-pay proposal drew 94.6% of votes cast for or against in favor at the meeting held June 16, 2026 for fiscal 2025.
Which companies are in MetLife's peer group?
The disclosed peer group names Aflac Incorporated, Allstate Corporation, Aon plc, Cigna Group and Elevance Health, Inc., among others.
What is MetLife's chief executive pay ratio?
The company reported a chief executive pay ratio of 278:1 for fiscal 2025, against median employee compensation of $80,510.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michel Khalaf
President and CEO
◇—◇◇◇◇◇◇
John McCallion
EVP, CFO of MetLife, Inc., and Head of MIM
◇—◇◇◇◇◇◇
Ramy Tadros
Regional President, U.S. Business, and Head of MLH
◇—◇◇◇◇◇◇
Bill Pappas
EVP and Head of GTO
◇—◇◇◇◇◇◇
Marlene Debel
EVP, CRO of MetLife, Inc., and Head of MII
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michel Khalaf
President and CEO
◇—◇◇◇◇◇◇
John McCallion
EVP, CFO of MetLife, Inc., and Head of MIM
◇—◇◇◇◇◇◇
Bill Pappas
EVP and Head of GTO
◇—◇◇◇◇◇◇
Ramy Tadros
Regional President, U.S. Business, and Head of MLH
◇—◇◇◇◇◇◇
Marlene Debel
EVP, CRO of MetLife, Inc., and Head of MII
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michel Khalaf
President and Chief Executive Officer
◇—◇—◇◇◇◇
John McCallion
EVP, CFO of MetLife, Inc., and Head of MIM
◇—◇—◇◇◇◇
Ramy Tadros
Regional President, U.S. Business, and Head of MLH
◇—◇—◇◇◇◇
Bill Pappas
EVP and Head of Global Technology and Operations
◇—◇—◇◇◇◇
Marlene Debel
EVP, Chief Risk Officer of MetLife, Inc., and Head of MII
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Bill PappasPSU◇◇◇—◇—◇
Bill PappasRSU◇——◇——◇
John D. McCallionRSU◇——◇——◇
John D. McCallionPSU◇◇◇—◇—◇
Marlene DebelPSU◇◇◇—◇—◇
Marlene DebelRSU◇——◇——◇
Michel A. KhalafPSU◇◇◇—◇—◇
Michel A. KhalafRSU◇——◇——◇
Ramy TadrosRSU◇——◇——◇
Ramy TadrosPSU◇◇◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Ramy TadrosRSU◇◇——
Option◇—◇—
Option◇—◇—
PSU◇◇——
Michel KhalafPSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
John McCallionPSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Bill PappasPSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
Marlene DebelPSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
R. Glenn Hubbard
Board chair
◇◇———◇◇
David L. Herzog
◇◇———◇◇
Edward J. Kelly III
◇◇———◇◇
William E. Kennard
◇◇———◇◇
Denise M. Morrison
◇◇———◇◇
Mark A. Weinberger
◇◇———◇◇
Diana L. McKenzie
◇◇———◇◇
Jeh C. Johnson
◇◇———◇◇
Carla L. Harris
◇◇———◇◇
Carlos M. Gutierrez
◇◇———◇◇
Laura J. Hay
◇◇———◇◇
Catherine R. Kinney, Gerald L. Hassell, Cheryl W. Gris, Christian Mumenthaler and Michel A. Khalaf served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Aflac Incorporated AFL
  • Allstate Corporation ALL
  • Aon plc AON
  • Cigna Group CI
  • Elevance Health, Inc. ELV
  • Equitable Holdings, Inc. EQH
  • Lincoln National Corporation LNC
  • Manulife Financial Corporation MFC
  • Marsh & McLennan Companies, Inc. MRSH
  • Principal Financial Group, Inc. PFG
  • Prudential Financial, Inc. PRU
  • Sun Life Financial Inc. SLF
  • Travelers Companies, Inc. TRV
  • Unum Group UNM
  • Voya Financial, Inc. VOYA

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 16, 2026=◇◇◇
2024June 17, 2025=◇◇◇
2023June 18, 2024=◇◇◇
2022June 20, 2023=◇◇◇
2021June 21, 2022=◇◇◇
2020June 15, 2021=◇◇◇
2019June 16, 2020=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact MetLife disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where MetLife sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
261 figures on this page: 254 cited to the filing that reported them, 7 calculated from figures it prints.
254 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001099219-26-000041
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001099219-26-000026
    Director Compensation in 2025 · Grants of Plan-Based Awards in 202 · Outstanding Equity Awards at 2025 Fiscal Year-End · Summary Compensation Table
  3. 0001099219-25-000174
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001099219-25-000126
    Summary Compensation Table
  5. 0001099219-24-000193
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001099219-24-000133
    Summary Compensation Table
  7. 0001193125-23-173880
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-22-181566
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001099219-21-000254
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001099219-20-000279
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Velarion, “MetLife executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/MET (accessed 2026).
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers MetLife discloses

The companies named in MET's own disclosed peer group.

Aflac IncorporatedAllstate CorporationAon plcEquitable Holdings, Inc.Lincoln National CorporationMarsh & McLennan Companies, Inc.Principal Financial Group, Inc.Prudential Financial, Inc.Travelers Companies, Inc.Unum GroupVoya Financial, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy