MetLife Q2 Profit Jumps 20% on Underwriting Strength, Asia Growth
MET sits 43% above its 52-week low of $67.33.
Summary
MetLife delivered a strong Q2, with adjusted EPS up 20% to $2.43, driven by broad volume growth and disciplined underwriting. Premiums, fees and other revenue rose 7% to $13.7 billion, while net investment income surged 18% to $6.7 billion, benefiting from elevated interest rates. Group benefits adjusted profit jumped 25% to $503 million, and international segments shone—Asia earnings grew 21% and Latin America 15%. This follows the preliminary Q2 variable investment income estimate of $220M-$270M disclosed in late June, which had flagged a sequential decline from Q1's strong levels; the final results show the core underwriting business more than offsetting that headwind. The stock is trading near its 52-week high, and this print reinforces the earnings momentum.
At the time of this announcement, MET was trading at $96.26 on NYSE in the Finance sector, with a market capitalization of approximately $61.9B. The 52-week trading range was $67.33 to $97.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.