MetLife's Q3 results beat estimates on volume growth, solid underwriting
MET•MetLife's third-quarter revenue rose 12% year over year to $20.52 billion, beating the $19.98 billion estimate, while adjusted EPS increased 17% to $2.78, versus $2.77 expected. The company returned about $1 billion to shareholders through buybacks and dividends.
1. Results beat estimates
MetLife reported third-quarter revenue of $20.52 billion and adjusted EPS of $2.78, compared with analyst estimates of $19.98 billion and $2.77, respectively. Adjusted net income was $1.78 billion, and net income was $2.35 billion.
2. Growth drivers and outlook
The company said higher variable investment income, broad-based volume growth and favorable underwriting drove adjusted earnings growth. Revenue increased across all business segments. MetLife said it was on track to meet its 2026 free cash flow and expense ratio targets, but gave no specific future revenue or EPS guidance.
