Summary
MetLife, Inc. has filed an 8-K report to provide investors with a preliminary update on its financial performance and outlook for the fiscal year ending December 31, 2025, ahead of its official earnings release. The company anticipates variable investment income for the fourth quarter of 2025 to be between $385 million and $435 million (pre-tax), slightly below its quarterly target of $425 million, but expects its full-year 2025 variable investment income to be around $1.7 billion (pre-tax). In terms of capital management, MetLife is prioritizing organic growth, with an estimated $4 billion deployed in 2025, and an additional $1 billion for M&A, including the pending acquisition of PineBridge Investments. The company also expects to repurchase approximately $2.85 billion of its common stock in 2025, a level it anticipates maintaining in 2026. Investors should note that this information is preliminary and unaudited, and actual results could materially differ.
Key Highlights
- 1MetLife is providing preliminary unaudited results and outlook for Q4 and full-year 2025.
- 2Estimated Q4 2025 variable investment income is projected at $385 million to $435 million (pre-tax), below the $425 million target.
- 3Full-year 2025 variable investment income is anticipated to be approximately $1.7 billion (pre-tax).
- 4The company projects a 7.7% return on its private equity portfolio for full-year 2025.
- 5MetLife anticipates a 9% annual return on its private equity portfolio for its 2026 outlook, contributing to an estimated $1.6 billion in variable investment income.
- 6Capital deployment in 2025 includes $4 billion for organic growth and $1 billion for M&A, notably the PineBridge acquisition.
- 7Total common stock repurchases for 2025 are estimated at $2.85 billion, with a similar level expected in 2026.