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MetLife (MET) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended September 2025, MetLife (MET - Free Report) reported revenue of $17.9 billion, up 1.6% over the same period last year. EPS came in at $2.34, compared to $1.93 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $18.84 billion, representing a surprise of -5.01%. The company delivered an EPS surprise of +0.43%, with the consensus EPS estimate being $2.33.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how MetLife performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Adjusted Revenue- Asia- Universal life and investment-type product policy fees: $407 million versus $431.68 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.1% change.
  • Adjusted Revenue- Corporate & other- Premiums: $11 million versus the three-analyst average estimate of $6 million. The reported number represents a year-over-year change of -283.3%.
  • Adjusted Revenue- Latin America- Other Revenues: $-2 million compared to the $7.53 million average estimate based on three analysts. The reported number represents a change of -122.2% year over year.
  • Adjusted Revenue- Latin America- Net investment income: $414 million versus $442.9 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.
  • Revenue- Premiums: $10.56 billion versus $11.41 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.
  • Revenue- Other Revenues: $724 million versus $653.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.
  • Revenue- Universal life and investment-type product policy fees: $1.25 billion compared to the $1.31 billion average estimate based on four analysts. The reported number represents a change of +1.6% year over year.
  • Revenue- Net investment income: $6.09 billion versus $5.47 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +16.5% change.
  • Adjusted Revenue- Retirement & Income Solutions- Premiums: $1.05 billion versus the three-analyst average estimate of $1.77 billion. The reported number represents a year-over-year change of -28%.
  • Adjusted Revenue- Retirement & Income Solutions- Universal life and investment-type product policy fees: $80 million versus $94.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +19.4% change.
  • Adjusted Revenue- Retirement & Income Solutions- Net investment income: $2.17 billion versus the three-analyst average estimate of $2.23 billion. The reported number represents a year-over-year change of +1.6%.
  • Adjusted Revenue- Retirement & Income Solutions- Other Revenues: $61 million versus $74.48 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a 0% change.

View all Key Company Metrics for MetLife here>>>

Shares of MetLife have returned -4% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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