Q2 2025 MetLife Inc Earnings Call Transcript
Key Points
- MetLife Inc (MET) reported adjusted earnings of $1.4 billion or $2.02 per share for the second quarter, demonstrating resilience despite less favorable underwriting and investment margins.
- The company achieved a quarterly adjusted return on equity of 14.6%, well above its cost of capital and near its mid-teens target range.
- MetLife Inc (MET) returned approximately $900 million to shareholders through dividends and share repurchases in the quarter.
- The Group Benefits segment saw a 9% increase in year-to-date sales, driven by growth in regional business.
- MetLife Inc (MET) signed a strategic partnership with Workday to enhance its benefits experience platform, leading to greater participation in voluntary products.
- Adjusted earnings were down 16% year-over-year, primarily due to less favorable underwriting and lower investment margins.
- Group Benefits adjusted earnings decreased by 25% from the previous year's record quarter, impacted by less favorable underwriting margins.
- The Retirement and Income Solutions segment reported a 10% decline in adjusted earnings due to lower recurring interest margins.
- Asia's adjusted earnings fell by 22% due to less favorable investment and underwriting margins, despite strong sales growth.
- MetLife Holdings adjusted earnings decreased by 6%, reflecting lower variable investment income and the continued runoff of the business.
Ladies and gentlemen, thank you for standing by. Welcome to the MetLife Second-Quarter 2025 Earnings Conference Call.
(Operator Instructions)
As a reminder, this conference is being recorded.
Before we get started, I refer you to the cautionary note about forward-looking statements in yesterday's earnings release and to risk factors discussed in MetLife's SEC filings.
With that, I will turn the call over to John Hall, Global Head of Investor Relations. Sir, you may begin.
Thank you, operator. Good morning, everyone. We appreciate your participation today on MetLife's Second-Quarter 2025 Earnings Call.
Before we begin, I direct you to the information on non-GAAP measures on the Investor Relations portion of metlife.com in our earnings release and in our quarterly financial supplement, which you should review.
On the call this morning are Michel Khalaf, President and Chief Executive Officer and John McCallion, Chief Financial Officer and Head of MetLife
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
