MetLife's earnings call highlighted strong financial performance and strategic achievements, including robust earnings growth, successful risk transfer, and proactive capital management. However, challenges remain, particularly with declining earnings in Asia and currency impacts in Latin America. Overall, the highlights outweigh the lowlights, indicating a positive sentiment.

Company Guidance -

Q2 2025

During its first quarter 2025 earnings call, MetLife provided guidance reflecting the resilience of its business model amidst economic uncertainty. The company reported adjusted earnings of $1.3 billion, or $1.96 per share, a 7% increase from the previous year. Its adjusted return on equity stood at 14.4%, and its direct expense ratio was 12%. MetLife's Group Benefits business saw a 29% increase in adjusted earnings to $367 million, driven by favorable life underwriting margins. The Retirement and Income Solutions segment reported $401 million in adjusted earnings, with strong sales in synthetic GICs and UK longevity reinsurance. While Asia's adjusted earnings declined by 12% to $374 million, sales in Korea and China grew by 10%. Latin America's adjusted earnings were $218 million, a 6% decline due to currency headwinds, though constant currency earnings were up 7%. MetLife also announced a significant risk transfer deal with Talcott Resolution Life Insurance Company, reinsurance of approximately $10 billion in U.S. retail variable annuity and rider reserves, reducing its enterprise risk. The company returned around $1.8 billion to shareholders and secured a new $3 billion share repurchase authorization.

Record Adjusted Earnings Growth

MetLife reported adjusted earnings of $1.3 billion, or $1.96 per share, up 7% from the same period a year ago.

Strong Group Benefits Performance

The Group Benefits business reported adjusted earnings of $367 million, up 29% from the prior year period due to favorable life underwriting margins and lower mortality.

Robust Retirement and Income Solutions (RIS) Growth

RIS adjusted earnings totaled $401 million. Sales of synthetic GICs and UK longevity reinsurance were strong, with inflows associated with pension risk transfers totaling $1.8 billion.

Successful Risk Transfer Transaction

MetLife announced a significant risk transfer deal with Talcott Resolution Life Insurance Company to reinsure approximately $10 billion of U.S. retail variable annuity and rider reserves, reducing enterprise risk and securing investment management mandates for $6 billion of assets.

Capital Management and Shareholder Returns

MetLife returned around $1.8 billion to shareholders through common stock dividends and share repurchases. The Board authorized a new $3 billion share repurchase program and increased the common dividend per share by 4.1%.

Positive International Sales Momentum

Sales in Asia were up 10% on strong volume growth in Korea and China, and Latin America adjusted earnings were up 7% on a constant currency basis.

Metlife (MET) Earnings, Revenues Date & History

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MET Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2025	2025 (Q2)	2.15 / -	2.28	―	―	―
Apr 30, 2025	2025 (Q1)	2.00 / 1.96	1.83	7.10% (+0.13)
Feb 05, 2025	2024 (Q4)	2.11 / 2.09	1.83	14.21% (+0.26)
Oct 30, 2024	2024 (Q3)	2.17 / 1.95	1.97	-1.02% (-0.02)
Jul 31, 2024	2024 (Q2)	2.10 / 2.28	1.94	17.53% (+0.34)
May 01, 2024	2024 (Q1)	1.84 / 1.83	1.52	20.39% (+0.31)
Jan 31, 2024	2023 (Q4)	1.88 / 1.83	1.55	18.06% (+0.28)
Nov 01, 2023	2023 (Q3)	1.94 / 1.97	1.21	62.81% (+0.76)
Aug 02, 2023	2023 (Q2)	1.90 / 1.94	2	-3.00% (-0.06)
May 03, 2023	2023 (Q1)	1.81 / 1.52	2.08	-26.92% (-0.56)

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
Apr 30, 2025	$74.82	$75.21	+0.52%
Feb 05, 2025	$84.38	$83.06	-1.56%
Oct 30, 2024	$81.47	$76.81	-5.72%
Jul 31, 2024	$74.67	$73.63	-1.39%

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.