MetLife Announces Full Year and 4Q 2025 Results

MetLife, Inc. (NYSE: MET) today announced its full year and fourth quarter 2025 results. Earnings Return Per Share on Equity (ROE 4Q 2025 4Q 2025 Net Income $1.17 ROE 12.0% Adjusted Earnings $2.49 Adjusted ROE 17.6% Full Year Results Net income was $3.2 billion, or $4.71 per share. Adjusted earnings per share, excluding total notable items, up 10% 1 to $8.89. Premiums, fees and other revenues (PFOs) increased 10% to $57.6 billion. Adjusted PFOs, excluding pension risk transfers (PRT), were up 5% to $49.8 billion. RIS record sales, including transactions of $14.2 billion in PRT and $11.1 billion of U.K. longevity reinsurance. Beat free cash flow ratio and direct expense ratio 2 targets. ROE was 12.9%. Adjusted ROE, excluding total notable items, was 16%, at midpoint of target range. Book value per share (BVPS) up 14% to $39.02. Adjusted BVPS increased 4% to $57.07. Returned nearly $4.4 billion to shareholders. Holding company cash and liquid assets