Metlife (MET)
NYSE:MET
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.42Last Year’s EPS
2.02Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong quarter with broad-based top-line growth, improved margins, disciplined expense and capital management, and clear progress integrating PineBridge into MIM. Management highlighted robust VII performance, a top-end ROE of 17%, and numerous regional wins (notably Asia and EMEA). Headwinds were present but generally described as manageable and/or seasonal: net investment/trading losses, short-term MIM outflows and integration expenses, tax-related impacts in Latin America, modest spread headwinds in RIS, and localized operational/regulatory items. Overall, the positive operational and financial momentum materially outweighs the lowlights, which are characterized as limited, manageable, or transitory.Company Guidance
Strong Adjusted Earnings and EPS Growth
Reported adjusted earnings of $1.6 billion and adjusted EPS of $2.42, representing an 18% increase in adjusted earnings and a 23% increase in adjusted EPS year-over-year.
Top-End Return on Equity
Adjusted return on equity reached 17%, at the top end of the company's 15%–17% target range, outperforming cost of capital.
Revenue and Top-Line Momentum
Adjusted premiums, fees and other revenues (excluding pension risk transfers) increased 10% year-over-year; broad-based growth across businesses and regions.
Variable Investment Income (VII) Outperformance
Pretax VII was $518 million (third consecutive above-expectation quarter); private equity returns averaged ~2.9% and venture capital returned 6.8% in the quarter; total VII assets of $18.2 billion.
Expense Discipline
Direct expense ratio improved to 11.9%, ahead of the 2026 full-year target of 12.1% despite integrating PineBridge (a higher-expense asset manager).
Capital Return and Strength
Returned roughly $1.1 billion to shareholders in Q1 (approx. $750 million repurchases and ~$370 million dividends), repurchased an additional ~$200 million in April, increased common dividend by 4.4%, issued $1 billion subordinated debt (oversubscribed >5x), and held $3.9 billion cash at holding companies (top end of $3–$4B target).
Segment-Level Outperformance — Asia and EMEA
Asia adjusted earnings $487 million (+31% YoY) with sales +22% constant currency; Japan sales +26% CC and Korea +44% CC. EMEA adjusted earnings $110 million (+33% YoY) with adjusted PFOs +15% CC and sales +17% CC.
Group Benefits and RIS Growth
Group Benefits adjusted earnings $439 million (+19% YoY) with sales up 15% and persistency in the high 90s. Retirement & Income Solutions (RIS) adjusted earnings $451 million (+11% YoY) and total spread at 119 bps (top of 100–120 bps guidance).
MIM Early Integration Progress
MetLife Investment Management (post-PineBridge) adjusted earnings $47 million (+68% YoY) with a strong pipeline, particularly in private assets, and international distribution opportunities from PineBridge (approx. 50% of PineBridge AUM outside the U.S.).
High-Quality Private Asset Positioning
Private fixed income portfolio valued at ~$85 billion; ~95% investment grade and limited exposure to high-risk segments (no BDC exposure; middle market loan exposure under 1% of general account).
MET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $80.16 | $78.82 | -1.67% |
Feb 04, 2026 | $78.01 | $75.32 | -3.45% |
Nov 05, 2025 | $78.12 | $75.43 | -3.44% |
Aug 06, 2025 | $74.87 | $72.77 | -2.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Metlife (MET) report earnings?
Metlife (MET) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Metlife (MET) earnings time?
Metlife (MET) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MET EPS forecast?
MET EPS forecast for the fiscal quarter 2026 (Q2) is 2.42.
