MetLife said it estimates variable investment income for the quarter ended December 31, 2025 at approximately $385 million to $435 million pre-tax, against a quarterly target of $425 million pre-tax.

1. 01

   MetLife said it estimates variable investment income for the quarter ended December 31, 2025 at approximately $385 million to $435 million pre-tax, against a quarterly target of $425 million pre-tax.

2. 02

   The company said it expects a return on its private equity portfolio of approximately 7.7% for full year 2025. It said its 2026 outlook incorporates an assumed 9% annual return on the private equity portfolio, which contributes to total estimated 2026 variable investment income of $1.6 billion pre-tax.

3. 03

   MetLife said its first priority for capital deployment is to support organic growth, with a total of $4 billion deployed in 2025. It also said it deployed about $1 billion in 2025 to support merger and acquisition activity, which includes funding for the expected closing of its PineBridge Investments acquisition.

4. 04

   The company said it expects total common stock repurchases for full year 2025 of approximately $2.85 billion, including approximately $430 million in the quarter ended December 31, 2025. It said it anticipates a similar level of common stock repurchases in 2026.

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