Core Insights - MetLife reported an increase in third-quarter profit, driven by higher income from investments [1] Financial Performance - The insurer's profit rose in the third quarter, indicating a positive trend in financial performance [1]

Financial Performance - Total revenues for Q3 2025 were $17.361 billion, a decrease of 1.1% compared to Q3 2024's $18.440 billion[4] - Net income attributable to MetLife, Inc. for Q3 2025 was $896 million, reflecting a decrease of 29.5% from $1.271 billion in Q3 2024[4] - Premiums, fees, and other revenues for Q3 2025 totaled $12.526 billion, down 0.2% from $12.523 billion in Q3 2024[4] - Policyholder benefits and claims for Q3 2025 were $10.369 billion, a decrease of 17.3% from $12.572 billion in Q3 2024[4] - Net investment income for Q3 2025 was $6.089 billion, an increase of 12.5% compared to $5.405 billion in Q3 2024[4] - Total expenses for Q3 2025 were $16.151 billion, a decrease of 6.6% from $17.285 billion in Q3 2024[4] - Adjusted earnings available to common shareholders for Q3 2025 were $2.987 billion, compared to $2.395 billion in Q3 2024[4] - Total adjusted revenues for the three months ended September 30, 2024, were $17,614 million, compared to $19,738 million for the same period in 2024, reflecting a decrease of 10.7%[11] - Total adjusted revenues for the year-to-date period ended September 30, 2025, were $54,649 million, up from $53,313 million in 2024, indicating a growth of 2.5%[11] Investment Performance - The company reported net derivative gains of $929 million in Q3 2025, compared to losses of $903 million in Q3 2024[4] - Net investment income for the year-to-date period ended September 30, 2025, was $16,635 million, up from $15,868 million in the previous year, representing an increase of 4.8%[11] - Adjusted net investment income for the three months ended September 30, 2025, was $5,440 million, an increase from $5,213 million in the previous year, reflecting a growth of 4.4%[11] - The company reported variable investment income of $720 million for the year-to-date period ended September 30, 2025, compared to $1,005 million in the previous year, reflecting a decrease of 28.5%[11] - The company reported a net investment gain of $(325) million for the three months ended September 30, 2025, compared to $(77) million for the same period in 2024, indicating a worsening performance[60] Tax and Provision Expenses - The provision for income tax expense in Q3 2025 was $308 million, compared to $106 million in Q3 2024[4] - The total provision for income tax expense increased to $531 million for the third quarter of 2025, up from $458 million in the same quarter of 2024, indicating a rise of 15.9%[20] Shareholder Metrics - Adjusted earnings available to common shareholders reached $1,584 million for the three months ended September 30, 2025, representing an increase of 16.3% compared to $1,375 million in the same period of 2024[20] - The total equity of MetLife, Inc. increased to $29,191 million as of September 30, 2025, compared to $31,164 million at the end of 2024, reflecting a decrease of approximately 6.3%[19] - Book value per common share increased to $39.02 in Q3 2024 from $34.28 in Q4 2024[8] - Adjusted return on common stockholders' equity was 14.6% in Q3 2024, up from 14.4% in Q4 2024[8] - Common shares outstanding decreased to 693.7 million at the end of Q3 2024 from 689.2 million in Q4 2024, reflecting share repurchases[8] Segment Performance - The Group Benefits segment reported adjusted earnings of $455 million for the third quarter of 2025, an increase of 21.9% from $373 million in the same quarter of 2024[20] - The Asia segment's adjusted earnings surged to $543 million in the third quarter of 2025, a significant increase of 77.8% compared to $306 million in the same quarter of 2024[20] - The Corporate & Other segment reported adjusted losses of $288 million for the third quarter of 2025, widening from a loss of $249 million in the same quarter of 2024[20] Asset and Liability Management - Total assets increased to $719,726 million as of September 30, 2025, up from $704,976 million at the end of 2024, reflecting a growth of approximately 2.6%[19] - Total liabilities rose to $690,535 million as of September 30, 2025, compared to $673,812 million at the end of 2024, marking an increase of approximately 2.5%[19] - Cash and cash equivalents decreased to $20,233 million as of September 30, 2025, down from $21,765 million at the end of 2024, reflecting a decline of about 7.1%[19] Notable Items and Adjustments - Total notable items impacting adjusted earnings available to common shareholders were $16 million in Q3 2024, compared to $10 million in Q4 2024[6] - The total notable items for the year-to-date period ended September 30, 2025, amounted to $18 million, reflecting adjustments from various unexpected events[65] - MetLife's total notable items for Q3 2024 included $16 million from actuarial assumption reviews and other insurance adjustments[65] Operational Efficiency - The expense ratio for the three months ended September 30, 2024, was 17.8%, which increased to 21.7% for the three months ended June 30, 2025[17] - Adjusted other expenses for the year-to-date period ended September 30, 2025, were $9,860 million, compared to $9,443 million in 2024, representing an increase of 4.4%[15] - The adjusted expense ratio for the three months ended September 30, 2024, was 19.8%, which rose to 20.6% for the three months ended September 30, 2025[18]

Core Insights - MetLife reported strong third quarter results for 2025, showcasing the effectiveness of its diversified business model and strategic initiatives [2][4][3] Financial Performance - Net income for 3Q 2025 was $818 million, or $1.22 per share, a decrease of 36% year-over-year [12][5] - Adjusted earnings increased by 15% to $1.6 billion, with adjusted earnings per share rising 22% to $2.37 [12][5] - Premiums, fees, and other revenues were $12.5 billion, flat compared to the prior year, but adjusted revenues excluding pension risk transfers grew by 4% [9][6] - Net investment income rose 16% to $6.1 billion, driven by higher returns on private equity assets [10][5] Segment Performance - Group Benefits adjusted earnings were $455 million, up 22%, while adjusted premiums and fees increased by 3% to $6.3 billion [20][17] - Retirement and Income Solutions (RIS) adjusted earnings decreased by 8% to $436 million, with adjusted premiums and fees down 25% [21][18] - Asia segment saw adjusted earnings surge by 77% to $543 million, with sales up 34% on a constant currency basis [25][19] - Latin America adjusted earnings fell by 33% to $147 million, impacted by a tax charge, but adjusted premiums and fees rose by 11% [26][22] - EMEA adjusted earnings increased by 26% to $88 million, reflecting strong volume growth [27][23] Strategic Initiatives - The company secured $12 billion in pension risk transfer mandates in the fourth quarter to date, indicating strong momentum [3][5] - MetLife expanded its Xcelerator program in Latin America through a partnership with Mercado Libre, enhancing its market reach [5][5] Shareholder Returns - Approximately $875 million was returned to shareholders through share repurchases and dividends [5][5] - Book value per share increased by 1% to $39.52, while adjusted book value per share rose by 3% to $56.57 [5][6]

Core Insights - MetLife, Inc. has released a financial update for the third quarter of 2025, presented by CFO John McCallion [1][8] - The company reported a net income of $818 million, translating to earnings per share of $1.22, with adjusted earnings increasing by 15% to $1.6 billion [8] Financial Performance - Net income for Q3 2025 was $818 million, or $1.22 per share [8] - Adjusted earnings rose by 15% to $1.6 billion, driven by higher variable investment income and volume growth [8] - Adjusted earnings per share, excluding notable items, increased by 21% [8] - Return on Equity (ROE) was reported at 13.1%, while adjusted ROE was 16.9% [8] Company Overview - MetLife, Inc. is a leading financial services company providing insurance, annuities, employee benefits, and asset management [2] - The company operates in over 40 markets globally and has a strong presence in the U.S., Asia, Latin America, Europe, and the Middle East [2]

Core Viewpoint - MetLife Inc. is expected to report strong quarterly earnings with significant year-over-year growth in EPS and revenue, despite facing some challenges in specific segments [1][2][3]. Financial Performance Expectations - Analysts estimate an EPS of $2.31 for the upcoming quarterly earnings, with a projected revenue of $18.64 billion [1][6]. - The Zacks Consensus Estimate predicts an EPS of $2.33, reflecting a 20.7% increase from the previous year, driven by higher premiums and strong international operations [2][6]. - Revenue is expected to reach $18.8 billion, indicating a 7% year-over-year growth [2]. Challenges and Analyst Sentiment - MetLife faces challenges such as rising costs and weaker results in its Retirement and Income Solutions segment, which may temper profit gains [3]. - Despite these challenges, the earnings estimate has improved over the past month, indicating positive sentiment among analysts [3][6]. Valuation Metrics - The company has a price-to-earnings (P/E) ratio of approximately 12.43, suggesting the price investors are willing to pay for each dollar of earnings [4]. - The price-to-sales ratio is about 0.72, indicating that investors pay 72 cents for every dollar of sales [4]. - The enterprise value to sales ratio is around 0.69, reflecting MetLife's valuation compared to its sales [5]. - The enterprise value to operating cash flow ratio is approximately 3.21, indicating how well the company can cover its enterprise value with its operating cash flow [5]. - The earnings yield is about 8.04%, providing insight into the return on investment for shareholders [5].

Core Insights - MetLife, Inc. is scheduled to report its third-quarter 2025 results on November 5, with earnings estimated at $2.33 per share and revenues at $18.8 billion, reflecting a year-over-year growth of 20.7% and 7% respectively [1][6] Financial Performance - The Zacks Consensus Estimate for MetLife's total revenues for the current year is $74.6 billion, indicating a 2.1% increase year-over-year, while the EPS estimate stands at $8.69, suggesting a 7.2% rise [2] - MetLife has missed earnings consensus estimates in each of the last four quarters [2] Earnings Predictions - The current model does not predict an earnings beat for MetLife, with an Earnings ESP of -0.23% and a Zacks Rank of 3 (Hold) [3] - The expected revenue growth in Q3 is attributed to rising premiums and adjusted group benefits revenues, particularly in international markets such as Asia, EMEA, and Latin America, with a projected 7.2% increase in premiums year-over-year [4][5] Revenue Drivers - The adjusted group benefits revenue is expected to rise by 2.8% year-over-year, with significant contributions from improved profits in Asia and Latin America [5] - The Latin America segment is anticipated to show a 10.6% year-over-year growth in adjusted earnings [7] Cost Considerations - Rising costs and weaker results from the Retirement and Income Solutions segment may limit profit gains, with a projected 13% decline in adjusted earnings from this segment year-over-year [8]

Core Insights - Wall Street analysts anticipate MetLife (MET) will report quarterly earnings of $2.33 per share, reflecting a year-over-year increase of 20.7% [1] - Expected revenues for the quarter are projected at $18.84 billion, which represents a 7% increase from the same quarter last year [1] - Over the past 30 days, the consensus EPS estimate has been revised upward by 0.8%, indicating a reassessment of forecasts by analysts [1] Revenue Estimates - The consensus estimate for 'Revenue- Premiums' is $11.41 billion, indicating a year-over-year change of +7.2% [4] - 'Revenue- Other Revenues' is estimated at $653.32 million, reflecting a change of +0.8% from the prior-year quarter [4] - 'Revenue- Universal life and investment-type product policy fees' is projected to be $1.31 billion, showing a year-over-year change of +6.5% [4] Investment Income and Adjusted Revenue - Analysts forecast 'Revenue- Net investment income' to reach $5.47 billion, indicating a year-over-year change of +4.7% [5] - 'Total Adjusted Revenue- Latin America' is expected to be $2.09 billion, reflecting an increase of +8.4% year over year [5] - 'Adjusted Revenue- Corporate & other- Net investment income' is projected at $83.06 million, indicating a decrease of -13.5% from the year-ago quarter [5] Regional Revenue Projections - 'Total Adjusted Revenue- EMEA' is expected to reach $773.03 million, indicating a change of +8.9% from the prior-year quarter [6] - 'Total Adjusted Revenue- Asia' is projected at $3.08 billion, reflecting a year-over-year change of +8.5% [6] - 'Adjusted Revenue- Asia- Net investment income' is anticipated to be $1.31 billion, indicating a change of +15.5% from the prior-year quarter [6] Additional Revenue Insights - 'Adjusted Revenue- EMEA- Net investment income' is expected to be $62.02 million, reflecting a year-over-year change of +12.8% [7] - 'Adjusted Revenue- Latin America- Net investment income' is projected at $442.90 million, indicating a change of +1.8% from the year-ago quarter [7] - 'Adjusted Revenue- Asia- Other Revenues' is estimated at $20.48 million, suggesting a year-over-year change of +13.8% [8] Stock Performance - MetLife shares have shown a return of -2.7% over the past month, contrasting with the Zacks S&P 500 composite's +2.1% change [8] - The company holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [8]

Core Insights - MetLife, Inc. has partnered with Empathy to launch Leave Support, a digital platform aimed at assisting employees during their leave of absence from work [1][9] - Leave Support will be exclusively available through MetLife later this year, guiding employees through the leave process and their transition back to work [2] - The platform enhances MetLife's existing My Leave Navigator solution, providing personalized tools, expert guidance, and resources to improve employee well-being and simplify claims [3] Industry Context - The initiative addresses the growing need for support as many employees take time off for health-related reasons, which can complicate their recovery and return to work [4] - Providing effective support during leave can lead to quicker recovery and a more confident return to work, positioning MetLife to capitalize on this demand [5] Business Impact - The launch of Leave Support reflects MetLife's commitment to enhancing its disability and leave solutions, strengthening its relationship with Empathy, which began with the introduction of Loss Support in 2022 [6] - Integrating Leave Support into its offerings is expected to attract more customers to MetLife's insurance policies, potentially increasing premium revenues, which rose by 3.4% year over year in the first half of 2025 [7] Stock Performance - MetLife's shares have increased by 12.5% over the past six months, outperforming the industry average growth of 9.3% [8]

Core Viewpoint - MetLife, Inc. is set to announce its fiscal third-quarter earnings for 2025, with analysts expecting a profit increase compared to the previous year [1][2]. Financial Performance - Analysts anticipate MetLife to report a profit of $2.30 per share on a diluted basis, reflecting a 19.2% increase from $1.93 per share in the same quarter last year [2]. - For the full fiscal year, the expected EPS is $8.66, which is a 6.8% increase from $8.11 in fiscal 2024, and projected to rise to $10.09 in fiscal 2026, marking a 16.5% year-over-year increase [3]. Stock Performance - MetLife's stock has underperformed the S&P 500 Index, which gained 13.4% over the past 52 weeks, with MetLife shares down 5.1% during the same period [4]. - The stock also lagged behind the Financial Select Sector SPDR Fund, which saw a 14.3% increase [4]. Recent Earnings Report - In its Q2 results, MetLife reported an adjusted EPS of $2.02, which missed Wall Street expectations of $2.19, and its revenue was $17.3 billion, down 2.7% year over year [5]. Analyst Ratings - The consensus opinion on MetLife stock is moderately bullish, with a "Moderate Buy" rating overall. Out of 19 analysts, 12 recommend a "Strong Buy," one a "Moderate Buy," and six a "Hold" [6]. - The average analyst price target for MetLife is $93.81, indicating a potential upside of 17.6% from current levels [6].

Core Insights - MetLife, Inc. has formed a partnership with Global Citizen to tackle urgent social issues and empower underserved communities through economic and educational opportunities [1][9] - The MetLife Foundation has committed $9 million to the FIFA Global Citizen Education Fund to enhance access to quality education and sports for children globally [2][9] - This initiative reflects MetLife's commitment to corporate social responsibility, aiming to build long-term brand value and trust among communities [4] Financial Performance - MetLife reported a 3.9% year-over-year increase in total premiums and a 6% growth in total revenues in the first half of 2025 [5][9] - The company's stock has seen a decline of 1% over the past year, contrasting with the industry's growth of 7.3% [6] Strategic Implications - The partnership is expected to create a measurable impact beyond philanthropy, potentially leading to stronger local economies that support long-term growth in insurance and financial services [5] - MetLife's efforts in corporate social responsibility may strengthen community connections in emerging economies, where access to education and financial resources is limited [4]