To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

MetLife (NYSE:MET) 2026 Conference February 10, 2026 09:40 AM ET Company ParticipantsJohn McCallion - Head of Investment ManagementMichel Khalaf - CEOOperatorTo the Bank of America U.S. Financial Services. This is the MetLife presentation, and really pleased to have Michel Khalaf, President and CEO, and John McCallion, Head of Investment Management. Is this a new title or just a title that's been more?Michel KhalafHead of it for a while.OperatorYeah, head of it for a while, but more.Michel KhalafCouple of y ...

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Insights - MetLife's shares have underperformed over the past year, losing approximately 9% of their value due to mixed operating results and only beating earnings estimates sporadically [1] Company Performance - The company has faced challenges in achieving consistent operating results, which has contributed to its stock price decline [1]

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 ...