MetLife (MET) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$2.39

$2.22$2.64

vs $2.02+18.3%

14 analysts

Next Qtr

$2.54

$2.39$2.69

vs $2.37+7.0%

14 analysts

Current Yr

$9.90

$9.60$10.55

vs $8.83+12.1%

17 analysts

Next Yr

$10.99

$10.65$11.50

vs $9.90+11.1%

17 analysts

Revenue Estimates

Current Qtr

$19.51B

$19.00B$19.96B

vs $17.92B+8.8%

5 analysts

Next Qtr

$19.94B

$19.05B$20.54B

vs $17.90B+11.4%

5 analysts

Current Yr

$79.64B

$77.45B$81.21B

vs $78.84B+1.0%

9 analysts

Next Yr

$83.26B

$79.71B$85.04B

vs $79.64B+4.6%

9 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for MET on EDGAR.

MET filing events and research context
Filed	Item	Context
May 7, 2026	mda_quarterly	MetLife completed a strategic reorganization in late 2025 to accelerate growth in asset management, establishing MetLife Investment Management (MIM) as a reportable segment and acquiring PineBridge Investments for $885 million. For the quarter ended March 31, 2026, net income attributable to MetLife, Inc. increased to $1.185 billion from $945 million in the prior year, while consolidated adjusted earnings rose to $1.631 billion from $1.415 billion. This performance was bolstered by net investment income growing to $5.355 billion. Key revenue drivers include Group Benefits and Retirement and Income Solutions (RIS), the latter of which focuses on pension risk transfers and institutional income annuities. However, the company faces significant interest rate risk; gross unrealized losses on available-for-sale fixed maturity securities increased to $31.3 billion, primarily due to rising rates. Additionally, MetLife manages a $2.1 billion net liability for market risk benefits and maintains a $1.2 billion allowance for credit losses on its mortgage loan portfolio. The company continues to expand its footprint in the Asia and Latin America markets, though it remains exposed to global capital market volatility and currency exchange fluctuations.
Feb 19, 2026	business	MetLife is a global financial services provider operating through six segments: Group Benefits, Retirement and Income Solutions (RIS), Asia, Latin America, EMEA, and MetLife Investment Management (MIM). The company is executing its "New Frontier" strategy to accelerate growth in asset management—highlighted by the acquisition of PineBridge Investments—and to expand its retirement and group benefits platforms. Key offerings include life, dental, and disability insurance, as well as annuities and pension risk transfers. Geographically, MetLife maintains leading positions in the U.S., Japan, Mexico, and Chile. Its general account is primarily invested in fixed income, mortgage loans, and real estate. Analysts should monitor regulatory risks associated with U.S. state insurance laws, the EU’s Solvency II, and emerging AI and cybersecurity frameworks. Material headwinds include interest rate volatility, intense competition from digital entrants, and specific regional impacts such as Mexico’s VAT changes and Chile’s pension reforms. To manage capital and risk, MetLife employs extensive reinsurance agreements and actuarial-based policyholder liability reserves. The company's financial performance remains sensitive to mortality and morbidity trends, as well as the evolving solvency regimes in its diverse international markets.
Feb 19, 2026	mda	MetLife completed a strategic reorganization into six segments: Group Benefits, RIS, Asia, Latin America, EMEA, and MIM. For 2025, adjusted earnings available to common shareholders reached $5.9 billion, supported by a 10% increase in adjusted premiums, fees, and other revenues to $57.4 billion. Growth was primarily driven by pension risk transfer and U.K. longevity reinsurance within the RIS segment, alongside strong sales in Latin America and core Group Benefits products. The company targets a 15%-17% adjusted return on equity and double-digit adjusted EPS growth for 2026, with a direct expense ratio target of 12.1%. Market interest rates remain a critical driver; rising rates typically enhance reinvestment yields and decrease policy reserves, whereas sustained low rates risk margin compression. MetLife is executing its "New Frontier" strategy and projects $25 billion in free cash flow from 2025 to 2029. The investment portfolio is heavily weighted toward fixed income, with commercial mortgage loans representing a significant concentration, specifically office properties at 38.9% of the commercial portfolio. Key risks include 2026 uncertainty regarding inflation and unemployment, as well as currency volatility in the Asia and Latin America markets.

Filed

Item

Context

May 7, 2026

mda_quarterly

MetLife completed a strategic reorganization in late 2025 to accelerate growth in asset management, establishing MetLife Investment Management (MIM) as a reportable segment and acquiring PineBridge Investments for $885 million. For the quarter ended March 31, 2026, net income attributable to MetLife, Inc. increased to $1.185 billion from $945 million in the prior year, while consolidated adjusted earnings rose to $1.631 billion from $1.415 billion. This performance was bolstered by net investment income growing to $5.355 billion. Key revenue drivers include Group Benefits and Retirement and Income Solutions (RIS), the latter of which focuses on pension risk transfers and institutional income annuities. However, the company faces significant interest rate risk; gross unrealized losses on available-for-sale fixed maturity securities increased to $31.3 billion, primarily due to rising rates. Additionally, MetLife manages a $2.1 billion net liability for market risk benefits and maintains a $1.2 billion allowance for credit losses on its mortgage loan portfolio. The company continues to expand its footprint in the Asia and Latin America markets, though it remains exposed to global capital market volatility and currency exchange fluctuations.

Feb 19, 2026

business

MetLife is a global financial services provider operating through six segments: Group Benefits, Retirement and Income Solutions (RIS), Asia, Latin America, EMEA, and MetLife Investment Management (MIM). The company is executing its "New Frontier" strategy to accelerate growth in asset management—highlighted by the acquisition of PineBridge Investments—and to expand its retirement and group benefits platforms. Key offerings include life, dental, and disability insurance, as well as annuities and pension risk transfers. Geographically, MetLife maintains leading positions in the U.S., Japan, Mexico, and Chile. Its general account is primarily invested in fixed income, mortgage loans, and real estate. Analysts should monitor regulatory risks associated with U.S. state insurance laws, the EU’s Solvency II, and emerging AI and cybersecurity frameworks. Material headwinds include interest rate volatility, intense competition from digital entrants, and specific regional impacts such as Mexico’s VAT changes and Chile’s pension reforms. To manage capital and risk, MetLife employs extensive reinsurance agreements and actuarial-based policyholder liability reserves. The company's financial performance remains sensitive to mortality and morbidity trends, as well as the evolving solvency regimes in its diverse international markets.

Feb 19, 2026

mda

MetLife completed a strategic reorganization into six segments: Group Benefits, RIS, Asia, Latin America, EMEA, and MIM. For 2025, adjusted earnings available to common shareholders reached $5.9 billion, supported by a 10% increase in adjusted premiums, fees, and other revenues to $57.4 billion. Growth was primarily driven by pension risk transfer and U.K. longevity reinsurance within the RIS segment, alongside strong sales in Latin America and core Group Benefits products. The company targets a 15%-17% adjusted return on equity and double-digit adjusted EPS growth for 2026, with a direct expense ratio target of 12.1%. Market interest rates remain a critical driver; rising rates typically enhance reinvestment yields and decrease policy reserves, whereas sustained low rates risk margin compression. MetLife is executing its "New Frontier" strategy and projects $25 billion in free cash flow from 2025 to 2029. The investment portfolio is heavily weighted toward fixed income, with commercial mortgage loans representing a significant concentration, specifically office properties at 38.9% of the commercial portfolio. Key risks include 2026 uncertainty regarding inflation and unemployment, as well as currency volatility in the Asia and Latin America markets.

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