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Companies · MET

MET Reported this cycle

MetLife

New York, NY Founded 1999 Insurance & Insurtech

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Latest analysis

Updated Nov 6, 2026

MetLife Q3 2026 10-Q: Net income surges to $2.4B on derivative gains and premium growth, but rising rates compress AOCI by $7.2B in the quarter

MetLife posted Q3 2026 net income of $2.4 billion, up sharply from $902 million in Q3 2025, driven by a $698 million net derivative gain (versus a $929 million loss in the prior year) and a $263 million MRB remeasurement gain. Nine-month consolidated adjusted earnings of $5.1 billion reflect broad-based segment improvement, with RIS nine-month premiums up to $5.6 billion from $4.5 billion and Asia nine-month adjusted earnings rising to $1.5 billion from $1.3 billion. The principal risk signal is a $6.6 billion after-tax OCI loss in Q3 alone, driven by rising interest rates widening gross unrealized losses on fixed maturity securities to $43.9 billion, compressing book equity to $22.2 billion from $28.4 billion at year-end 2025.

Tone: mixed

Revenue

$77.1B

MET 10-K · FY 2025

Employees

46,000

Revenue FY2024

$71B

Founded

1999

Profile

MET 10-K Item 1 · Feb 19, 2026

MetLife is one of the world's leading financial services companies providing insurance, annuities, employee benefits, and asset management across six operating segments. The company holds leading market positions in the United States, Asia, Latin America, Europe, and the Middle East, and is also one of the largest institutional investors in the U.S. In the fourth quarter of 2025, MetLife completed a Strategic Reorganization elevating its institutional asset management business, MetLife Investment Management, to a reportable segment.

Read filing description ↓

MetLife is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management. We hold leading market positions in the United States, Asia, Latin America, Europe and the Middle East. We are also one of the largest institutional investors in the U.S. with a general account portfolio invested primarily in fixed income securities (corporate, structured products, municipals, and government and agency) and mortgage loans, as well as real estate, real estate joint ventures, other limited partnerships and equity securities. We believe that our trusted global brand, diversified and resilient business, and position as a leader in attractive markets are the powers of our business. Over the next four years we will continue to execute on our New Frontier strategy, which was designed to accelerate growth across our global platform while delivering attractive returns and all-weather performance. Under our New Frontier strategy, we intend to leverage the Company's strengths to prioritize growth across four key areas of opportunity: Extend our leadership in Group Benefits; Capitalize on our unique retirement platform; Accelerate our growth in asset management; and Expand in high growth international markets. In the fourth quarter of 2025, MetLife executed a reorganization to align with its strategic initiative to accelerate growth in asset management. As a result of the Strategic Reorganization, MetLife is organized into six segments: Group Benefits; Retirement and Income Solutions; Asia; Latin America; EMEA; and MetLife Investment Management.

Primary products

  • Term Life Insurance
  • Variable Life Insurance
  • Universal Life Insurance
  • Dental Insurance
  • Disability Insurance
  • Accident & Health Insurance

Business segments

Group Benefits Retirement and Income Solutions Asia Latin America Europe, the Middle East and Africa MetLife Investment Management

End markets

Corporations and other institutions Local, state and federal governments Employees and individuals Pension plans Institutional investors Insurance companies Sovereign wealth funds Endowments and foundations

Geographies

United States Asia Japan Latin America Mexico Chile Europe, the Middle East and Africa Gulf region United Kingdom Turkey France

Named customers

Corporate pension sponsors Government entities Individual policyholders Institutional investors
“We believe we are well positioned to succeed in any environment, given our trusted global brand, diversified and resilient business, as well as our position as a leader in attractive markets.” Competitive position, as stated in the filing

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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

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