Summary
MetLife, Inc. (MET) reported its financial results for the period ending June 30, 2025. The company experienced a decrease in net income available to common shareholders to $698 million for the three months ended June 30, 2025, down from $912 million in the same period last year. Adjusted earnings available to common shareholders also saw a decline, coming in at $1.36 billion for the quarter, compared to $1.63 billion in the prior year's second quarter. This decrease was primarily driven by market factors, including higher interest credited expenses and lower variable investment income, as well as unfavorable underwriting and other insurance adjustments across several segments, particularly Group Benefits and Asia. Despite the decline in profitability, MetLife's total assets grew to $702.47 billion as of June 30, 2025, up from $677.46 billion at the end of 2024. The company continued its share repurchase program, acquiring approximately $1.92 billion in common stock during the first six months of 2025. MetLife also remains active in managing its capital, with significant repurchase authorizations in place. The company has also announced a pending acquisition of PineBridge Investments, expected to close by the end of 2025, which aims to bolster its investment management capabilities.
Financial Highlights
38 data points| Revenue | $17.34B |
| Operating Expenses | $3.32B |
| Operating Income | $1.39B |
| Net Income | $729.00M |
| EPS (Basic) | $1.04 |
| EPS (Diluted) | $1.03 |
| Shares Outstanding (Basic) | 670.80M |
| Shares Outstanding (Diluted) | 675.00M |
Key Highlights
- 1Net income available to common shareholders was $698 million for the three months ended June 30, 2025, a decrease from $912 million in the prior year's comparable period.
- 2Adjusted earnings available to common shareholders were $1.36 billion for the three months ended June 30, 2025, down from $1.63 billion in the prior year's comparable period.
- 3Total assets increased to $702.47 billion as of June 30, 2025, up from $677.46 billion at December 31, 2024.
- 4The company repurchased approximately $1.92 billion of its common stock in the first six months of 2025.
- 5MetLife announced a pending acquisition of PineBridge Investments, expected to close by the end of 2025.
- 6Net investment gains (losses) improved by $148 million for the three months ended June 30, 2025, compared to the prior year period.
- 7Net derivative gains (losses) worsened by $288 million for the three months ended June 30, 2025, compared to the prior year period.