MetLife, Inc. (MET) Earnings Call Transcripts

MetLife, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, MetLife, Inc. reported adjusted earnings of approximately $1.6 billion, or $2.43 per share, reflecting a 15% year-over-year increase in adjusted earnings and a 20% rise in adjusted EPS. Revenue from adjusted premiums, fees, and other sources, excluding pension risk transfers, grew by 5% year-over-year, while sales increased by 7%, driven by strong performance in international markets. Management maintained a positive outlook, emphasizing the strength of their New Frontier strategy and announcing a new $3 billion share repurchase authorization, signaling confidence in future growth and capital generation.

Reported metrics

Guidance from management

Management maintained its guidance for adjusted earnings and expressed confidence in the ability to achieve full-year targets, particularly in the Retirement and Income Solutions segment, despite challenges. They expect stronger private equity returns in Q3, supported by elevated IPO activity.

What management said

I just -- I was just going to add something, Pablo. I think overall, just as we see, and obviously, there's been quite a bit of multiple years of just change in mortality, we would argue, in general, that we've moved back to the trend line that we were on pre-COVID, right? But as Rami said, we're seeing a drop more materially in the working age less so in the retiree and older population. So overall, there's an imp...

Joel, it's Lyndon here. So look, we are an AUM business. We're primarily focused on the retirement space. So a lot of our business ends up in the AUM components. As far as PFOs grow, we sell some of the FAS 60 type business as well. That has been a growing part of our business. We're seeing it, some of it come through in the yen space. especially as the yen product starts to pick up and today represents over 50% of o...

What analysts pressed on

Analysts expressed concerns about the sustainability of favorable mortality trends in the Group Benefits segment and the potential need for pricing adjustments. There were also questions regarding the outlook for the Pension Risk Transfer market, given the lumpiness of sales activity.

Main topics on the call

• Strong Earnings Growth — MetLife's adjusted earnings increased 15% year-over-year, with adjusted EPS rising 20%, indicating robust performance across all business segments. CEO Michel Khalaf stated, "This was an outstanding quarter and another c...
• International Sales Momentum — Sales rose 7% year-over-year, particularly strong in international markets, with Asia showing a 25% increase on a constant currency basis. Khalaf noted, "Sales advanced 17% on a constant currency basis, reflecting strong...
• Capital Management and Share Buybacks — MetLife repurchased approximately $700 million of common shares in Q2 and announced a new $3 billion share repurchase authorization, reflecting confidence in capital generation. CFO John McCallion stated, "We returned ap...
• Favorable Underwriting Performance — The Group Benefits segment generated adjusted earnings of $503 million, up 25% year-over-year, driven by favorable mortality trends and volume growth. The Group Life mortality ratio was reported at 79%, better than the t...

Read the full MetLife, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 58 MetLife, Inc. earnings call transcripts on record, spanning February 6, 2020 to August 6, 2026. Based on this history, MetLife, Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MET

Exchange

NYSE

Country

US

Sector

Financials

Industry

Insurance

Calls on record

58

First call

February 6, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly