MetLife said net income available to its common shareholders for the 3 months ended March 31, 2025 was $879 million, an increase of $79 million from $800 million in the prior period. Adjusted earnings available to common shareholders were $1.3 billion for both periods.

1. 01

   MetLife said net income available to its common shareholders for the 3 months ended March 31, 2025 was $879 million, an increase of $79 million from $800 million in the prior period. Adjusted earnings available to common shareholders were $1.3 billion for both periods.

2. 02

   The company cited a favorable change of $1.4 billion in net derivative gains (losses) ($1.1 billion net of income tax) as a key driver of the net income increase, and said market risk benefit remeasurement was an unfavorable change of $993 million ($784 million net of income tax). It explained that for both items, the direction of changes in long-term interest rates and key equity indexes differed from the prior period.

3. 03

   MetLife said adjusted premiums, fees and other revenues for Q1 2025 increased $1.7 billion (14%) compared to the prior period, citing growth in the pension risk transfer business in the RIS segment. The RIS segment's increase was $1.6 billion (199%).

4. 04

   The company said the effective tax rate for Q1 2025 was 30%, compared to 16% in the prior period. It also said as of March 31, 2025, short-term liquidity was $20.6 billion and liquid assets were $178.3 billion, compared to $18.6 billion and $172.8 billion as of December 31, 2024.

Key figures

Quarter ended March 31, 2025

Revenue

$18.6B

Operating income

$1.4B

Net income

$945M

EPS

$1.28

Operating cash flow

$4.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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