MetLife(US:MET)2025-08-07 20:21Financial Performance - Total revenues for Q2 2025 were $17,340 million, a decrease of 2.7% compared to $17,823 million in Q2 2024[20] - Net income attributable to MetLife, Inc. for Q2 2025 was $729 million, down from $946 million in Q2 2024, representing a decline of 22.9%[20] - Premiums collected in Q2 2025 amounted to $10,810 million, a decrease of 7.0% from $11,628 million in Q2 2024[20] - Basic earnings per share for Q2 2025 were $1.04, down from $1.28 in Q2 2024, a decrease of 18.8%[20] - Comprehensive income attributable to MetLife, Inc. for Q2 2025 was $1,118 million, compared to a loss of $19 million in Q2 2024[20] - Net income for the first half of 2025 was $1,674 million, compared to $1,613 million in the same period of 2024, representing a 3.8% increase[24] - Comprehensive income for the first half of 2025 was $2,402 million, compared to $1,084 million in the first half of 2024, showing a significant increase of 121.1%[24] - Total consolidated adjusted earnings for the six months ended June 30, 2025, were $2,808 million, a decrease from $3,063 million in the same period of 2024, reflecting a decline of 8.3%[71] - The company reported a net income of $1,685 million for the six months ended June 30, 2025, down from $1,828 million in 2024, a decrease of 7.8%[71] Assets and Liabilities - Total assets increased to $702,470 million as of June 30, 2025, compared to $677,457 million at the end of 2024, reflecting a growth of 3.8%[17] - Total liabilities increased to $674,543 million, compared to $649,754 million at the end of 2024, marking a rise of 3.8%[17] - Policyholder account balances rose to $232,433 million, up 5.5% from $221,445 million at the end of 2024[17] - Total stockholders' equity as of June 30, 2025, was $27,927 million, up from $27,540 million at the end of June 2024, indicating a growth of 1.4%[23] - The company's future policy benefits liabilities totaled $198,965 million as of June 30, 2025, up from $193,646 million at the end of 2024, representing an increase of 2.3%[74] Investment Income - The company reported net investment income of $5,661 million in Q2 2025, an increase of 8.8% from $5,205 million in Q2 2024[20] - Net investment income for the six months ended June 30, 2025, was $8,164 million, up from $7,481 million in 2024, indicating an increase of 9.1%[71] - Net investment income for the three months ended June 30, 2025, was $310 million, slightly down from $313 million in the same period of 2024, indicating a decrease of about 1%[66] Segment Performance - The Group Benefits segment offers a wide range of products including life insurance and disability insurance, contributing significantly to the company's revenue[40] - The Retirement and Income Solutions segment provides various life and annuity-based products, enhancing the company's investment management capabilities[41] - The Asia segment continues to expand its offerings in life insurance and retirement savings, targeting both individuals and corporations[42] - Adjusted earnings for the Group Benefits segment in Q2 2025 were $400 million, compared to $533 million in Q2 2024, reflecting a decline of approximately 25%[66] - The Asia segment generated adjusted earnings of $350 million in Q2 2025, down from $449 million in Q2 2024, a decrease of approximately 22%[66] - Total segment revenues for the six months ended June 30, 2025, were $36,372 million, compared to $35,281 million in 2024, reflecting a growth of 3.1%[71] Cash Flow and Capital Management - Net cash provided by operating activities for the six months ended June 30, 2025, was $6,449 million, an increase from $5,818 million in 2024, representing an increase of 10.8%[25] - Cash flows from investing activities resulted in a net outflow of $6,303 million for the six months ended June 30, 2025, compared to a net outflow of $3,967 million in 2024, indicating a significant increase in investment activity[25] - Treasury stock acquired in connection with share repurchases for the first half of 2025 amounted to $2,939 million, compared to $2,046 million in the same period of 2024, representing a 43.6% increase[24] Future Outlook - The company anticipates continued challenges in the economic environment, impacting future performance and financial results[10] - The acquisition of PineBridge Investments is expected to close by the end of 2025, with a total transaction value of $1.2 billion, including $800 million in cash at closing[72] Accounting and Reporting - The company is evaluating the impact of recent accounting standards updates on its consolidated financial statements, which may affect future disclosures and financial reporting[37]