MetLife Q2 net income falls 23% to $698 million; adjusted earnings down 16%
MetLife reported second-quarter 2025 net income of $698 million, down 23% from a year earlier, and adjusted earnings of $1.4 billion, down 16%. The company said higher net derivative losses and lower adjusted earnings drove the net income decline, while premiums, fees and other revenues fell 6% to $12.7 billion. Shareholders also received approximately $900 million through share repurchases and dividends during the quarter.
Key points
- Net income was $698 million, down 23%, or $1.03 per share, down 20%.
- Adjusted earnings were $1.4 billion ($1,362 million), down 16%, or $2.02 per share, down 11%.
- Adjusted premiums, fees and other revenues excluding pension risk transfers rose 5% to $12.4 billion.
- Book value per share rose 7% to $35.79; the company returned approximately $900 million to shareholders.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.