MetLife, Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsMetLife, Inc. is a global financial services company providing insurance, annuities, employee benefits, and asset management, with leading market positions in the U.S., Asia, Latin America, Europe, and the Middle East.
What they do
MetLife operates through six segments: Group Benefits, Retirement and Income Solutions (RIS), Asia, Latin America, EMEA, and MetLife Investment Management (MIM). The company offers life, dental, disability, accident and health insurance, plus prepaid legal and pet insurance; retirement and income products; and institutional asset management. It is also one of the largest U.S. institutional investors, with a general account portfolio primarily in fixed income and mortgage loans.
Revenue drivers
- Group Benefits — Leading U.S. group insurance provider; offers life, dental, disability, and other employee benefits. In 2Q 2026, adjusted earnings rose 25% to $503 million.
- Retirement and Income Solutions (RIS) — Retirement and pension risk transfer products; adjusted earnings increased 2% to $377 million in 2Q 2026, with premiums including pension risk transfers.
- Asia — Insurance and retirement products across Asia; adjusted earnings up 21% to $420 million in 2Q 2026, part of high-growth international expansion.
- Latin America and EMEA — International segments offering insurance and retirement products; Latin America adjusted earnings up 15% to $268 million, EMEA up 8% to $108 million in 2Q 2026.
Recent performance
For 2Q 2026, MetLife reported net income of $705 million, up 1% year-over-year, and adjusted earnings of $1.6 billion, up 15%. Adjusted EPS grew 20% to $2.43, and premiums, fees and other revenues (PFOs) increased 7% to $13.7 billion. Net investment income jumped 18% to $6.7 billion. Book value per share rose 8% to $38.59, and adjusted return on equity hit 17% for the second straight quarter.
Strategy
Management is executing its 'New Frontier' strategy, focused on four growth areas: extending leadership in Group Benefits, capitalizing on its retirement platform, accelerating asset management growth, and expanding in high-growth international markets. In Q4 2025, MetLife reorganized to make MetLife Investment Management a separate reportable segment and moved MetLife Holdings into Corporate & Other, aligning with its asset management growth initiative. The company emphasizes disciplined execution, balanced growth, and all-weather performance.
Risks
- Interest rate and market volatility — Adverse changes in interest rates, credit spreads, and equity markets can impact investment income, derivatives, and product guarantees.
- Reinsurance availability and credit risk — Unavailability, unaffordability, or inadequate reinsurance, as well as reinsurer credit risk, could increase exposure to losses.
- Regulatory and legal changes — Changes in tax rates, laws, or regulatory supervision, plus litigation and investigations, could affect operations and costs.
- Operational and cyber risks — Failures in risk management, cybersecurity, or disaster recovery could harm financial condition and reputation.
Outlook
Management expects continued momentum under the New Frontier strategy, with growth across all segments. Adjusted return on equity is targeted at the top of its range, and holding company cash is within target. The company aims to maintain disciplined capital deployment, including share repurchases and dividends.