Key Points – MetLife delivered strong second-quarter results, with adjusted earnings of approximately $1.6 billion, or $2.43 per share, up 15% year over year.
Adjusted return on equity reached 17%, the top end of its annual target range, with every business segment reporting higher earnings. – Group Benefits led segment growth, posting a 25% increase in adjusted earnings to $503 million, supported by favorable life underwriting and volume growth
Management cautioned that unusually favorable mortality trends are likely to normalize over the rest of the year. – MetLife returned roughly $1.1 billion to shareholders in the quarter and authorized an additional $3 billion share-repurchase program. Management also said it remains on track to beat its full-year expense-ratio target, while asset-management earnings are expected to land near the low end of guidance. – Can Trupanion Turn Pet Insurance Loyalty Into Real Earnings? MetLife (NYSE:MET) reported second-quarter 2026 adjusted earnings of approximately $1.6 billion, or $2.43 per share, up 15% from a year earlier.
Adjusted earnings per share increased 20%, while adjusted return on equity reached 17%, the top end of the company’s 15% to 17% annual target range. President and Chief Executive Officer Michel Khalaf said the results reflected the execution of MetLife’s “New Frontier” strategy, which combines capital-light businesses such as Group Benefits, international operations and asset management with capital-driven retirement and spread-based operations. – The “Duck Stock” Keeps Quietly Making Money for Shareholders “Adjusted earnings increased in every business segment compared with a year ago,” Khalaf said, citing strong underwriting, broad volume growth and continued capital returns to shareholders. Capital Returns and Expense Management MetLife repurchased about $700 million of common shares during the quarter and returned more than $2.4 billion to shareholders through July through buybacks and common dividends….