METLIFE INC (MET) Form 8-K — Nov 4, 2026
MetLife reported record third-quarter 2026 results, with adjusted EPS of $2.85 excluding notable items, up 22% year over year and the highest quarterly adjusted EPS in company history. Net income surged 187% to $2.4 billion ($3.67 per share), driven by derivative gains, higher variable investment income, and favorable underwriting. Premiums, fees and other revenues grew 12% to $14.1 billion, with growth in all six business segments. The company returned roughly $1 billion to shareholders in the quarter via $650 million of buybacks and $380 million in dividends, and held $3.4 billion of holding company cash within its target range.
Key figures
- Eps
- 3.67
- Revenue
- 20522000000
- Net Income
- 2351000000
- Revenue Yoy
- 18.2% (total revenues $20,522M vs $17,361M)
- Total Assets
- 744608000000
- Cash Position
- 3400000000
- Shares Outstanding
- 631100000
- Roe
- 42.7%
- Pfo yoy
- 12%
- Japan esr
- 192%
- Total aum
- $723.4 billion, up 14%
- Holdco cash
- $3.4 billion
- Pfo revenue
- 14056000000
- Adjusted eps
- 2.78
- Adjusted roe
- 19.2%
- Net income yoy
- 187%
- Capital returned q3
- ~$1 billion (buybacks + common dividends)
- Book value per share
- 30.73
- Share repurchases q3
- $650 million
- Adjusted eps ex notables
- 2.85
- Adjusted roe ex notables
- 19.6%
- Adjusted eps yoy ex notables
- 22%
- Adjusted book value per share
- 59.41
- Adjusted net investment income
- $5,988M, up 10%
- Variable investment income post tax
- 569000000
- Direct expense ratio ex notables prt
- 11.9%
AI analysis
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