MetLife reported second quarter total revenues of $19.2 billion, up from $17.3 billion in the prior-year quarter. The company posted an adjusted earnings per share of $2.43, a 20% increase year-over-year, which surpassed analyst expectations. GAAP EPS was $1.09, compared to $1.03 in the second quarter of 2025.
Key Highlights
- Adjusted earnings increased 15% to $1.6 billion, driven by what the company described as favorable underwriting and broad volume growth.
- Adjusted return on equity (ROE) was 17.0%, up from 14.6% in the prior-year quarter, landing at the top of the company's target range.
- Variable Investment Income (VII), a key investor focus, was $231 million, an 18% increase year-over-year but below analyst expectations of $450 million.
- The Board of Directors approved a new $3.0 billion common stock repurchase authorization.