Earnings Releases·Nov 4, 2026, 4:22 PM ET

MetLife, Inc. — Third Quarter 2026 Earnings Summary

Net income surged 187% year-over-year to $2.4 billion ($3.67/share), while adjusted earnings rose 12% to $1.8 billion ($2.78/share), marking the highest quarterly adjusted EPS in company history.
Revenue grew broadly across all six segments, with premiums, fees, and other revenues (PFOs) up 12% to $14.1 billion, driven by higher variable investment income and strong sales in Group Benefits and Latin America.
Management confirmed the company is on track to meet annual free cash flow and direct expense ratio targets, with CEO Michel Khalaf expressing confidence in the "New Frontier" strategy's execution.
Capital returns totaled approximately $1 billion for the quarter, comprising $650 million in share repurchases and $380 million in dividends, alongside a 3% increase in U.S. statutory adjusted capital to $17.0 billion.