MetLife stock: Record adjusted EPS meets broad segment growth

Published on 11/06/2026 at 16:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MetLife stock is in focus after the insurer reported its highest quarterly adjusted EPS. Revenue growth reached every business segment, while management reaffirmed its strategy.

MetLife's Earnings Momentum Broadens

Adjusted earnings per share reached a record excluding total notable items.
Adjusted premiums, fees and other revenues excluding pension risk transfers grew across all six business segments.
Management remains confident in the New Frontier strategy and is targeting full-year free cash flow and direct expense ratio goals.

MetLife Inc., US59156R1086, Illustration mit AI erstellt.

MetLife reported a strong third quarter on Wednesday, November 4, after the US market close, with record adjusted earnings per share excluding total notable items. The insurer's official third-quarter release said adjusted EPS reached 2.85 US dollars, the highest quarterly level in company history.

Broad gains lift quarterly earnings

Net income rose 187 percent year over year to 2.4 billion US dollars, or 3.67 US dollars per share. Adjusted earnings increased 12 percent to 1.8 billion US dollars, supported by higher variable investment income, broad-based volume growth and favorable underwriting.

Premiums, fees and other revenues increased 12 percent to 14.1 billion US dollars. Adjusted premiums, fees and other revenues excluding pension risk transfers rose 8 percent to 13.5 billion US dollars, with growth in all six business segments. The figures indicate that the quarter's operating expansion was not limited to one division.

Capital returns remain part of the case

Adjusted return on equity reached 19.6 percent excluding total notable items. MetLife also returned approximately 1 billion US dollars through share repurchases and common stock dividends, while holding-company cash and liquid assets totaled 3.4 billion US dollars at quarter-end.

MetLife said it remains on track to deliver its full-year free cash flow ratio and direct expense ratio targets. Chief Executive Michel Khalaf described the quarter as evidence of the New Frontier strategy's execution and said management remains confident that it can produce repeatable results.