MetLife Announces 2Q 2026 Results

• Net income increased 1%¹ to $705 million, or $1.09 per share.
• Adjusted earnings increased 15% to $1.6 billion, driven by favorable underwriting and volume growth.
• Adjusted earnings per share increased 20% to $2.43.
• Premiums, fees and other revenues (PFOs) increased 7% to $13.7 billion.
• Adjusted PFOs, excluding pension risk transfers (PRT), increased 5% to $13.0 billion, with widespread growth across every operating segment.
• Net investment income up 18% to $6.7 billion.
• Book value per share (BVPS) up 8% to $38.59, adjusted BVPS up 3% to $57.71.
• Returned over $1.1 billion to shareholders via share repurchases and common stock dividends.
• Holding company cash and liquid assets totaled $3.4 billion at quarter end, within our target range.
• Adjusted return on equity of 17% for the second straight quarter, at the top of our range.
• Group Benefits adjusted earnings up 25% to $503 million.
• Retirement and Income Solutions adjusted earnings up 2% to $377 million.
• Asia adjusted earnings up 21% to $420 million.
• Latin America adjusted earnings up 15% to $268 million.
• EMEA adjusted earnings up 8% to $108 million.
• MetLife Investment Management adjusted earnings up 6% to $57

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