MetLife delivered record performance in the third quarter 2026, with adjusted earnings per share reaching their highest level in company history. The results were characterized by top-line growth across all six business segments and a significant recovery in investment returns.
Key Highlights
- Adjusted earnings per share of $2.78 beat the analyst consensus of $2.71, supported by robust underwriting and volume growth.
- Total GAAP revenues reached $20.52 billion, exceeding expectations of $19.12 billion and representing an 18% increase from the prior-year period.
- Variable Investment Income (VII) surged to $720 million, more than 70% above the $415 million anticipated by analysts, driven by stronger equity market performance.
- The Group Benefits segment reported a 15% increase in adjusted earnings to $523 million, maintaining stability despite the broader interest rate environment.
- MetLife returned $1 billion to shareholders through common stock dividends and share repurchases, remaining on track for its full-year capital allocation targets.