MetLife reported nine-month net income available to common shareholders of $4.2 billion, up from $2.4 billion, and adjusted earnings available to common shareholders of $4.9 billion, up from $4.3 billion, for the nine months ended September 30, 2026.
MET · Metlife Inc
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MetLife delivered its highest adjusted EPS quarter ever: adjusted earnings of $1.8 billion and adjusted EPS of $2.85, up 22%, while adjusted ROE excluding notable items reached 19.6%. It repurchased $650 million of shares in the third quarter and another $265 million in October.
MetLife reported 3Q 2026 adjusted earnings of $1.8 billion, up 12%, and record adjusted earnings per share of $2.85 excluding notable items. Premiums, fees and other revenues rose 12% to $14.1 billion, while approximately $1 billion was returned to shareholders.
MetLife estimates variable investment income of at least $600 million (pre-tax) for the quarter ended September 30, 2026, versus full-year 2026 guidance of approximately $1.6 billion (pre-tax).
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
Equibles Research
our published analysis of this companyEquibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted premiums, fees and other revenues on a constant currency basis non-GAAP | $13.52B | Three Months Ended June 30, 2026 filing | — |
| Asia Adjusted premiums, fees and other revenues non-GAAP | $1.7B | Three Months Ended June 30, 2026 filing | — |
| Asia Adjusted premiums, fees and other revenues on a constant currency basis non-GAAP | $1.7B | Three Months Ended June 30, 2026 filing | — |
| EMEA Adjusted premiums, fees and other revenues non-GAAP | $806M | Three Months Ended June 30, 2026 filing | — |
| EMEA Adjusted premiums, fees and other revenues on a constant currency basis non-GAAP | $806M | Three Months Ended June 30, 2026 filing | — |
| Group Benefits Adjusted premiums, fees and other revenues non-GAAP | $6.51B | Three Months Ended June 30, 2026 filing | — |
| Latin America Adjusted premiums, fees and other revenues non-GAAP | $1.9B | Three Months Ended June 30, 2026 filing | — |
| Latin America Adjusted premiums, fees and other revenues on a constant currency basis non-GAAP | $1.9B | Three Months Ended June 30, 2026 filing | — |
| Retirement & Income Solutions Adjusted premiums, fees and other revenues non-GAAP | $1.77B | Three Months Ended June 30, 2026 filing | — |
| Total consolidated adjusted earnings non-GAAP | $1.6B | Three Months Ended June 30, 2026 filing | +15.1% |
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| Total segment adjusted earnings non-GAAP | $1.73B | Three Months Ended June 30, 2026 filing | — |
| Adjusted book value per share non-GAAP | $57.71 | Three Months Ended June 30, 2026 | — |
| Adjusted earnings non-GAAP | $1.57B | Three Months Ended June 30, 2026 | — |
| Adjusted earnings available to common shareholders non-GAAP | $1.57B | 2Q26 | — |
| Adjusted earnings available to common shareholders, on a constant currency basis non-GAAP | $1.57B | 2Q26 | — |
| Adjusted earnings per share non-GAAP | $2.43 | Three Months Ended June 30, 2026 | — |
| Adjusted expense ratio, excluding total notable items related to adjusted other expenses and PRT non-GAAP | 20.8% | Three Months Ended June 30, 2026 | — |
| Adjusted net investment income non-GAAP | $5.55B | Three Months Ended June 30, 2026 | — |
| Adjusted other expenses, net of adjusted capitalization of DAC, excluding total notable items re non-GAAP | $2.71B | 2Q26 | — |
| Adjusted premiums, fees and other revenues non-GAAP | $13.52B | Three Months Ended June 30, 2026 | — |
| Adjusted premiums, fees and other revenues, excluding PRT non-GAAP | $13.01B | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted premiums, fees and other revenues 13.52B
-510M Less: PRT
= Adjusted premiums, fees and other revenues, excluding PRT 13.01B
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| Adjusted return on adjusted common stockholders' equity non-GAAP | 17% | 2Q26 | — |
| Adjusted return on adjusted common stockholders' equity, excluding total notable items non-GAAP | 17% | 2Q26 | — |
| Adjusted return on equity non-GAAP | 17% | Three Months Ended June 30, 2026 | — |
| Adjusted ROE non-GAAP | 17% | 2Q26 | — |
| Asia Adjusted earnings non-GAAP | $420M | Three Months Ended June 30, 2026 | — |
| Asia Adjusted PFOs non-GAAP | $1.7B | Three Months Ended June 30, 2026 | — |
| Asia GA AUM | 129.51B | June 30, 2026 | — |
| Asia GA AUM (at amortized cost) | 141.21B | June 30, 2026 | — |
| Asia GA AUM (at amortized cost), on a constant currency basis non-GAAP | 141.21B | June 30, 2026 | — |
| Asia general account assets under management (at amortized cost) | $141.21B | Three Months Ended June 30, 2026 | — |
| Asia sales – Japan Accident & Health non-GAAP | 118M | June 30, 2026 | — |
| Asia sales – Japan Annuities non-GAAP | 186M | June 30, 2026 | — |
| Asia sales – Other Asia non-GAAP | 337M | June 30, 2026 | — |
| Asia sales – Total Japan non-GAAP | 457M | June 30, 2026 | — |
| Common stock dividends | $400M | 2Q26 | — |
| Corporate & Other Adjusted Earnings non-GAAP | -$160M | 2Q26 | — |
| Direct Expense Ratio non-GAAP | 12.1% | 2Q26 | — |
| Direct expense ratio, excluding total notable items related to direct expenses and PRT non-GAAP | 12.1% | Three Months Ended June 30, 2026 | — |
| EMEA Adjusted earnings non-GAAP | $108M | Three Months Ended June 30, 2026 | — |
| EMEA Total sales, on a constant currency basis non-GAAP | 346M | June 30, 2026 | — |
| Ending Institutional Client AUM | 320.46B | June 30, 2026 | — |
| Group Benefits Adjusted earnings non-GAAP | $503M | Three Months Ended June 30, 2026 | — |
| Group Benefits Adjusted PFOs non-GAAP | $6.51B | Three Months Ended June 30, 2026 | — |
| Group Benefits Adjusted PFOs, excluding participating contracts non-GAAP | $5.05B | Three Months Ended June 30, 2026 | — |
| Holding Company Cash | $3.9B | 2Q26 | — |
| Institutional Client Assets Under Management non-GAAP | 320.5B | as of June 30, 2026 | — |
| Latin America Adjusted earnings non-GAAP | $268M | Three Months Ended June 30, 2026 | — |
| Latin America Adjusted PFOs non-GAAP | $1.9B | Three Months Ended June 30, 2026 | — |
| Latin America sales – All other non-GAAP | 122M | June 30, 2026 | — |
| Latin America sales – Chile non-GAAP | 140M | June 30, 2026 | — |
| Latin America sales – Mexico non-GAAP | 194M | June 30, 2026 | — |
| Latin America Total sales (constant currency basis) non-GAAP | 456M | June 30, 2026 | — |
| MetLife Investment Management Adjusted earnings non-GAAP | $57M | Three Months Ended June 30, 2026 | — |
| MetLife Investment Management Total assets under management | $748.13B | Three Months Ended June 30, 2026 | — |
| MIM GA AUM | 427.67B | June 30, 2026 | — |
| MIM Operating margin non-GAAP | 23.8% | June 30, 2026 | — |
| MIM Other revenues – General Account | 144M | June 30, 2026 | — |
| MIM Other revenues – Institutional Client | 173M | June 30, 2026 | — |
| MIM Total AUM | 748.13B | June 30, 2026 | — |
| Retirement and Income Solutions Adjusted earnings non-GAAP | $377M | Three Months Ended June 30, 2026 | — |
| Retirement and Income Solutions Adjusted PFOs non-GAAP | $1.77B | Three Months Ended June 30, 2026 | — |
| Retirement and Income Solutions Adjusted PFOs, excluding PRT non-GAAP | $1.26B | Three Months Ended June 30, 2026 | — |
| Return on common stockholders' equity | 11.5% | 2Q26 | — |
| Share repurchases | $700M | 2Q26 | — |
| Share repurchases year-to-date | $1.7B | 2Q26 | — |
| Total Assets Under Management non-GAAP | 748.1B | as of June 30, 2026 | — |
| Total cash return to shareholders | $1.1B | 2Q26 | — |
| Total sales (Asia, constant currency basis) non-GAAP | 794M | June 30, 2026 | — |
| Total Variable Investment Income | $183M | 2Q26 | — |
| Variable investment income non-GAAP | $231M | Three Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Insurance - Life — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MET
this stock
Metlife Inc
|
$63.39B | +24.5% | +8.6% | 13.1 | 1.7% |
|
CILJF
China Life Insurance Co Ltd
|
$93.27B | +0.3% | — | — | 0.1% |
|
MFC
Manulife Financial Corp
|
$72.67B | +19.2% | — | — | 0.5% |
|
AFL
Aflac Inc
|
$62.44B | +12.5% | -9.3% | 18.6 | 2.0% |
|
GWLIF
Great-West Lifeco Inc.
|
$57.66B | +30.2% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 6, 2026
- This year
- 22
MetLife reported nine-month net income available to common shareholders of $4.2 billion, up from $2.4 billion, and adjusted earnings available to common shareholders of $4.9 billion, up from $4.3 billion, for the nine months ended September 30, 2026.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MET | -1.8% | -0.1% | +20.7% | -1.8% | +24.5% |
| SPY | -2.7% | -5.6% | -0.5% | -2.7% | +7.8% |
| vs SPY | +1.0% | +5.5% | +21.2% | +1.0% | +16.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.