MetLife(US:MET)2026-02-04 22:07Financial Performance - Total revenues for Q4 2025 reached $18.666 billion, an increase from $17.361 billion in Q3 2025[4] - Net income attributable to MetLife, Inc. for Q4 2025 was $1.239 billion, compared to $818 million in Q3 2025, reflecting a 51.5% increase[4] - Premiums for Q4 2025 were $12.617 billion, up from $10.555 billion in Q3 2025, representing a 19.5% growth[4] - Net investment income for Q4 2025 was $5.405 billion, an increase from $6.089 billion in Q3 2025[4] - Policyholder benefits and claims for Q4 2025 totaled $12.572 billion, compared to $10.369 billion in Q3 2025, indicating a 21.2% rise[4] - Total expenses for Q4 2025 were $17.285 billion, up from $16.151 billion in Q3 2025[4] - The company reported a net income of $4.426 billion for the full year 2025, compared to $3.379 billion in 2024, marking a 31.0% increase[4] - Adjusted earnings available to common shareholders for Q4 2025 were $1.239 billion, compared to $879 million in Q3 2025[4] Investment Performance - Net investment income for the year ended December 31, 2025, was $22,559 million, compared to $21,273 million in 2024, reflecting an increase of about 6.0%[11] - The company reported net investment gains (losses) of $(1,145) million for the year ended December 31, 2025, compared to $(1,184) million in 2024, showing an improvement in investment performance[11] - Variable investment income included in net investment income for the year ended December 31, 2025, was $1,502 million, up from $1,013 million in 2024, indicating a significant increase of approximately 48.4%[11] - The company reported a net investment loss of $311 million in Q4 2024, compared to a loss of $387 million in Q1 2025[5] - Net investment income including divested businesses for the year ended December 31, 2025 is $21,433 million[57] Assets and Liabilities - Total assets increased from $677,457 million in December 2024 to $745,166 million in December 2025, representing a growth of 10%[19] - Total liabilities increased from $649,754 million in December 2024 to $716,245 million in December 2025, marking an increase of 10%[19] - Policyholder account balances grew from $221,445 million in December 2024 to $236,857 million in December 2025, an increase of 7%[19] - Future policy benefits at the end of December 2025 are projected to be $84,988 million, up from $71,510 million at the end of December 2024, representing a growth of approximately 18.8%[27] Earnings and Shareholder Equity - Adjusted earnings available to common shareholders for the year ended December 31, 2025, were $1,692 million, compared to $1,606 million in 2024, reflecting an increase of 5.4%[22] - Total MetLife, Inc.'s stockholders' equity as of December 31, 2024, was $27,445 million, increasing to $28,398 million by December 31, 2025[76] - Common stockholders' equity rose from $23,627 million on December 31, 2024, to $25,568 million by December 31, 2025[76] - Book value per common share increased from $34.28 on December 31, 2024, to $39.02 by December 31, 2025[76] Segment Performance - Group Benefits segment adjusted earnings increased from $526 million in December 2024 to $589 million in March 2025, a rise of 12%[20] - Asia segment adjusted earnings showed a significant increase from $489 million in June 2025 to $752 million in September 2025, a growth of 54%[20] - Adjusted earnings available to common shareholders in EMEA for December 31, 2024, were $59 million, projected to increase to $97 million by December 31, 2025, representing a growth of 64.4%[44] Expenses - Total adjusted expenses for the year ended December 31, 2025, were $24,739 million, compared to $24,091 million in 2024, reflecting an increase of 2.7%[22] - Adjusted other expenses for the three months ended December 31, 2025, totaled $1,100 million, an increase from $1,041 million in December 2024, reflecting a rise of 5.7%[23] - Employee-related costs for the year ended December 31, 2025, were $3,834 million, an increase from $3,696 million in 2024[18] Future Projections - The company anticipates continued growth in adjusted earnings, with a target of $1,709 million for Q4 2025[5] - The company plans to continue focusing on market expansion and new product development to drive future growth[46] - The company anticipates adjusted premiums, fees, and other revenues to reach $18,614 million for the full year 2025, indicating growth potential[79] Notable Items - Total notable items for the year ended December 31, 2025, included a positive impact of $26 million, while notable items for the year ended December 31, 2024, had a negative impact of $43 million[71] - Total notable items reflect unexpected impacts on MetLife's results, which can affect the company's performance positively or negatively[77]