MetLife Q2 adjusted profit beats estimates on favorable underwriting, broad-based volume growth

MetLife

05/08/2026 21:34

Overview
US insurance and employee benefits provider's Q2 revenue rose compared to last year
Adjusted EPS for Q2 rose 20% and beat analyst expectations
Company returned over $1.1 bln to shareholders via share repurchases and dividends

Outlook
Company did not provide specific guidance for the current or future periods

Result Drivers
UNDERWRITING & VOLUME GROWTH - Co said adjusted earnings growth was driven by favorable underwriting and broad-based volume growth across all segments
NET INVESTMENT INCOME - Net investment income rose 18%, primarily due to increases in estimated fair value of certain securities that do not qualify as separate accounts under GAAP
SEGMENT PERFORMANCE - Group Benefits, Asia, and Latin America segments saw notable adjusted earnings growth, attributed to favorable underwriting, volume growth, and market factors

Company press release: ID:nBw38dFCha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$19.15 bln
$19.71 bln (7 Analysts)
Q2 Adjusted EPS
Beat
$2.43
$2.29 (15 Analysts)
Q2 EPS
 
$1.09
 
Q2 Adjusted Net Income
 
$1.57 bln
 
Q2 Net Income
 
$705 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the life & health insurance peer group is "buy"
Wall Street's median 12-month price target for MetLife, Inc. is $98.50, about 2.5% above its August 4 closing price of $96.13
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 4 - Prudential Q2 profit rises 85% on higher asset management fees
Aug 4 - Equitable Holdings Q2 adjusted EPS beats estimates as AUM rises
Aug 3 - Jackson Financial Q2 profit jumps on favorable hedging, annuity sales growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)