MetLife Reports Q2 2025 Financial Results with $698 Million Net Income

MetLife, Inc. reported its financial results for the second quarter of 2025, revealing a net income of $698 million, a decrease from $912 million in the same period last year. For the first half of 2025, net income available to common shareholders was $1.577 billion, down from $1.712 billion in the prior year. The company's total revenues for the second quarter were $17.34 billion, slightly lower than the $17.82 billion reported in the same quarter of 2024. The decline in revenue was attributed to a decrease in premiums and net investment income, which were partially offset by improved performance in certain investment segments.

In terms of operational metrics, MetLife's premiums for the second quarter were $10.81 billion, down from $11.63 billion a year earlier. The company also experienced a decline in universal life and investment-type product policy fees, which totaled $1.26 billion compared to $1.28 billion in the previous year. Net investment income increased to $5.66 billion from $5.21 billion, reflecting a favorable change in investment performance. However, net investment gains were negative at $(273) million, an improvement from $(421) million in the prior year, indicating a reduction in losses from investment sales.

Strategically, MetLife is in the process of acquiring PineBridge Investments, a global asset manager, for $800 million in cash, with additional performance-based payments contingent on achieving specific financial metrics. This acquisition is expected to close by the end of 2025, pending regulatory approvals. Additionally, the company announced a reinsurance transaction with Chariot Reinsurance, Ltd., which involves ceding approximately $10 billion of liabilities related to structured settlement annuity contracts and group annuity contracts associated with pension risk transfers.

MetLife's operational developments included a total asset base of $702.47 billion as of June 30, 2025, up from $677.46 billion at the end of 2024. The company reported a total employee headcount of approximately 50,000, reflecting its commitment to maintaining a robust workforce. The company also noted a significant increase in policyholder account balances, which rose to $232.43 billion from $221.45 billion, indicating strong customer engagement and retention.

Looking ahead, MetLife anticipates continued challenges in the financial markets, particularly related to interest rates and economic conditions. The company is closely monitoring these factors and adjusting its strategies accordingly. Management expressed confidence in its ability to navigate these challenges while maintaining a strong capital position and liquidity to support ongoing operations and growth initiatives.