MetLife Reports Record Q3 2026 Adjusted EPS and Top-Line Growth

Executive Summary

On November 4, 2026, MetLife, Inc. (NYSE: MET) filed a Form 8-K reporting its financial results for the third quarter ended September 30, 2026 under Item 2.02, Item 7.01, and Item 8.01.

Key Financial Highlights (Q3 2026)

• Net Income: $2.4 billion ($3.67 per share), up 187% compared to Q3 2025.
• Adjusted Earnings: $1.8 billion ($2.78 per share); adjusted EPS excluding notable items rose 22% YoY to $2.85, marking the highest quarterly adjusted EPS in company history.
• Return on Equity (ROE): Reported ROE was 42.7%; Adjusted ROE stood at 19.2% (19.6% excluding notable items).
• Revenues & PFOs: Premiums, fees, and other revenues (PFOs) increased 12% to $14.1 billion ($13.5 billion excluding pension risk transfers, up 8%). Total revenue reached $20.52 billion vs. $17.36 billion in Q3 2025.
• Capital Return & Liquidity: Returned approximately $1.0 billion to shareholders via share repurchases and common stock dividends. Holding company cash and liquid assets totaled $3.4 billion at quarter-end.
• Book Value: Book value per share (BVPS) was $30.73 (down 22% YoY); Adjusted BVPS increased 5% YoY to $59.41.