Core Insights - MetLife reported a strong performance in Q4 2025, showcasing the firm's earnings power through a diversified set of market-leading businesses [1] - The company has restructured its business segments, establishing MetLife Investment Management as a stand-alone segment, highlighting the strategic importance of its asset management operations [2] Financial Performance - For the full year 2025, MetLife achieved a net income of $3.2 billion and adjusted earnings of $5.9 billion, with adjusted earnings per share rising 10% to $8.89 [3] - The company recorded $14.2 billion in pension risk transfer (PRT) transactions, indicating strong volume growth across its businesses [4] - MetLife maintained expense discipline with a direct expense ratio of 11.7%, outperforming its target of 12.1% for 2025, and achieved a full year adjusted return on equity of 15.9%, within the target range of 15% to 17% [4]

Core Insights - MetLife, Inc. reported fourth-quarter 2025 adjusted operating earnings per share (EPS) of $2.58, exceeding the Zacks Consensus Estimate by 9.3% and reflecting a 24% year-over-year increase [1][9] - Adjusted operating revenues reached $24.2 billion, marking a 22.6% year-over-year growth, although it fell short of the consensus estimate by 19.5% [1][9] Financial Performance - The quarterly earnings were bolstered by strong performance in Asia, Group Benefits, RIS, and EMEA segments, driven by higher volumes and improved investment income [2][9] - Adjusted premiums, fees, and other revenues (PFOs) grew 8% year over year to $12.8 billion, while adjusted net investment income rose 5% year over year to $5.6 billion [3] - Total expenses increased by 31.3% year over year to $22.7 billion, primarily due to higher policyholder benefits and claims [4] - Net income decreased by 37% year over year to $778 million, but adjusted return on equity improved by 300 basis points to 18.3% [4] Segment Performance - Group Benefits segment reported adjusted earnings of $465 million, a 12% year-over-year increase, surpassing the consensus estimate [5] - RIS segment's adjusted earnings grew 18% year over year to $454 million, also beating the consensus mark [6] - Asia segment's adjusted earnings were $444 million, up 1% year over year, exceeding the consensus estimate [7] - Latin America segment's adjusted earnings dropped 1% year over year to $198 million, impacted by a VAT charge in Mexico [8] - EMEA segment's adjusted earnings surged 64% year over year to $97 million, outperforming the consensus estimate [9] Financial Position - As of December 31, 2025, MetLife had cash and cash equivalents of $22 billion, a 9.8% increase from the previous year [11] - Total assets rose to $745.2 billion, a 10% increase year over year, while total equity increased by 3.5% to $28.7 billion [11] - Book value per share was $39.02, reflecting a 13.8% year-over-year increase [12] Capital Deployment - MetLife repurchased shares worth $430 million in the fourth quarter and planned additional repurchases of approximately $200 million in January 2026 [13] Full-Year Results and Outlook - For full-year 2025, adjusted operating revenues were $78.8 billion, up from $73.1 billion the previous year, with adjusted EPS rising 10% year over year to $8.89 [14] - Management projects a pre-tax variable investment income of around $1.6 billion for 2026 and expects an expense ratio of 12.1% [15] - Near-term targets include adjusted PFO growth in Group Benefits of 4-7% annually and double-digit adjusted EPS growth [16]

MetLife (NYSE:MET) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Company ParticipantsJohn Hall - SVP and Head of investor RelationsJohn McCallion - EVP and CFOLyndon Oliver - Regional President of AsiaMichel A. Khalaf - President and CEORamy Tadros - Regional President and U.S. Head of BusinessConference Call ParticipantsAlex Scott - Senior Equity Research AnalystJimmy Bhullar - Senior AnalystJoel Hurwitz - Lead AnalystSuneet Kamath - Senior Research AnalystThomas Gallagher - Senior Equity AnalystWesl ...

MetLife (NYSE:MET) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Company ParticipantsJohn Hall - SVP and Head of investor RelationsJohn McCallion - EVP and CFOLyndon Oliver - Regional President of AsiaMichel A. Khalaf - President and CEORamy Tadros - Regional President and U.S. Head of BusinessConference Call ParticipantsAlex Scott - Senior Equity Research AnalystJimmy Bhullar - Senior AnalystJoel Hurwitz - Lead AnalystSuneet Kamath - Senior Research AnalystThomas Gallagher - Senior Equity AnalystWesl ...

MetLife (NYSE:MET) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Speaker7Ladies and gentlemen, thank you for standing by. Welcome to the MetLife Fourth Quarter and Full Year 2025 Earnings and Outlook Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Instructions will be given at that time. As a reminder, this conference is being recorded. Before we get started, I refer you to the cautionary note about forward-looking statem ...

4Q25 Earnings Call Presentation1 John McCallion Chief Financial Officer and Head of MetLife Investment Management 1 These slides highlight information in MetLife, Inc.'s earnings release, quarterly financial supplement and other prior public disclosures. 1 These slides highlight information in MetLife, Inc.'s earnings release, quarterly financial supplement and other prior public disclosures. 1 Table of contents Page No. | Key 2025 highlights | 3 | | --- | --- | | Adjusted earnings by segment and Corporate ...

With a market cap of $51.4 billion, MetLife, Inc. (MET) is a global financial services company that provides insurance, annuities, employee benefits, and asset management solutions to individuals and institutions worldwide. Operating across six business segments, the company offers a broad portfolio of protection, retirement, and investment products. The New York-based company's shares have underperformed the broader market over the past 52 weeks. MET stock has decreased 7.8% over this time frame, while ...

大都会人寿公布去年第四季度业绩，营收同比增长27.5%至238.1亿美元，逊于分析师预期的272.2亿美 元；调整后每股收益为2.49美元，超过分析师预期的2.34美元。期内，净投资收益为59.2亿美元，同比 增长9.4%。 ...

MetLife (MET) reported $24.19 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 22.6%. EPS of $2.58 for the same period compares to $2.08 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $30.04 billion, representing a surprise of -19.47%. The company delivered an EPS surprise of +9.32%, with the consensus EPS estimate being $2.36.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Table of Contents Exhibit 99.2 Fourth Quarter Financial Supplement December 31, 2025 4 Table of Contents | METLIFE | | | --- | --- | | TABLE OF CONTENTS | | | GAAP CONSOLIDATED STATEMENTS OF OPERATIONS | 2 | | CORPORATE OVERVIEW | 3 | | KEY ADJUSTED EARNINGS STATEMENT LINE ITEMS | 5 | | EXPENSE DETAIL AND RATIOS | 7 | | GAAP CONSOLIDATED BALANCE SHEETS | 8 | | SUMMARY OF ADJUSTED EARNINGS AVAILABLE TO COMMON SHAREHOLDERS | 9 | | Group Benefits | | | Statements of Adjusted Earnings Available to Common Shareh ...