MetLife stock posts record Q3 adjusted EPS as growth spans segments

Published on 11/12/2026 at 13:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MetLife stock follows broad-based third-quarter growth and stronger earnings reported on November 4. Management reaffirmed its New Frontier strategy.

MetLife reports broad third-quarter gains

Adjusted earnings per share excluding notable items rose 22% to a record 2.85 dollars.
Revenue increased across all six business segments, while adjusted return on equity reached 19.6% excluding notable items.
MetLife returned approximately 1 billion dollars to shareholders through buybacks and common stock dividends.

MetLife Inc., US59156R1086, Illustration mit AI erstellt.

MetLife reported record third-quarter adjusted earnings per share on November 4, with revenue growth across all six business segments. The company said higher variable investment income, broad-based volume growth and favorable underwriting supported the result. The figures were released in MetLife's official third-quarter results.

Record earnings strengthen the outlook

Adjusted earnings rose 12% to 1.8 billion dollars. Adjusted earnings per share reached 2.78 dollars including notable items and 2.85 dollars excluding them, a 22% increase from the prior-year quarter and the highest quarterly level in MetLife's history. The company reported net income of 2.4 billion dollars, or 3.67 dollars per share, up 187%.

Premiums, fees and other revenues increased 12% to 14.1 billion dollars. Adjusted premiums, fees and other revenues excluding pension risk transfers rose 8% to 13.5 billion dollars, with growth in each of the six business segments. Adjusted return on equity was 19.6% excluding notable items, while the company said it remained on track for its full-year free cash flow ratio and direct expense ratio targets.

Capital returns remain a key investor focus

MetLife returned approximately 1 billion dollars through share repurchases and common stock dividends during the quarter. Holding-company cash and liquid assets stood at 3.4 billion dollars at quarter-end, within management's target range. The balance between reinvestment, capital returns and insurance growth remains central to the investment case.

Chief Executive Michel Khalaf said the result demonstrated the strength of the New Frontier strategy and the discipline of its execution. He pointed to stronger underwriting, volume growth and higher investment returns, adding that the company remained confident in its ability to produce repeatable results.

What the result means for MetLife stock

The earnings release presents broad operating momentum rather than growth concentrated in one division. For investors, the record adjusted EPS and segment-wide revenue expansion support the case for resilient earnings, while the notable-item adjustment means headline and underlying measures should be read together.

MetLife stock traded at 92.45 euros on Lang & Schwarz at 13:34 CET on Thursday, November 12, 2026.