MetLife (MET)
NYSEFinancialsInsurance - LifeSnapshot 2026-07-08
$91.68+1.35%
Close 2026-07-07 · 1-day change
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Track MET free→MetLife grows earnings per share by double digits. Variable investment income rose 58% to $518 million. Premiums and fees grew 5% to $14.3 billion. The company trades cheap with a PE of 9.9 versus peers at 16.6.
Earnings growth could slow if investment income drops. Premium growth might stall. The cheap valuation may reflect real risks.
The price is about 40% below our fair value near $153. Analysts expect 5% revenue growth. We see stronger earnings growth than the market prices.
Breaks if: Adjusted EPS growth falls below 5% YoY in FY26
Continue executing the New Frontier strategy to achieve ambitious financial targets including double-digit adjusted EPS growth and adjusted return on equity.
Stated as a priority in all 6 quarters from 2024-Q4 through 2026-Q1. Adjusted earnings per share grew from $1.96 in 2025-Q1 to $2.42 in 2026-Q1 (+23%), with consistent double-digit growth in prior quarters. Management has reiterated confidence in delivering these ambitious financial targets under the New Frontier strategy, and the trajectory is delivering.
Breaks if: Revenue growth falls below 2% YoY in FY26-Q1
Drive growth in premiums, fees and other revenues, excluding pension risk transfers, across Group Benefits, RIS, Asia, Latin America, and EMEA segments.
Stated as a priority in 6 quarters from 2024-Q4 through 2026-Q1. Premiums, fees and other revenues grew from $13.6 billion in 2025-Q1 to $14.3 billion in 2026-Q1 (+5%), with strong growth in all segments. Prior quarters show similar growth trends, including a 29% increase in 2025-Q4. Management consistently highlights PFO growth as a key operational priority, and the financials show delivering progress.
Breaks if: PE ratio rises above 16
Breaks if: Variable investment income falls below $400 million in FY26-Q1
Focus on growing variable investment income as a key driver of adjusted earnings growth and investment income.
Stated as a priority in 6 quarters from 2024-Q4 through 2026-Q1. Variable investment income increased from $293 million in 2024-Q4 to $518 million in 2026-Q1 (+58%), contributing materially to adjusted earnings growth. Management consistently highlights variable investment income as a key driver, and the financials show delivering progress.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“We remain confident in delivering against the ambitious financial targets we laid out under New Frontier.”
“We made significant progress in advancing our New Frontier priorities... confident that the foundation built in 2025 positions MetLife to accelerate growth responsibly.”
“MetLife delivered an excellent third quarter... Adjusted earnings per share grew 21% year-over-year.”
“Looking ahead, we’re confident in the resiliency and all-weather nature of our New Frontier strategy and our ability to deliver on our commitments.”
“The transaction... is the latest example of executing across the company’s New Frontier strategic priorities.”
“We exceeded our five-year Next Horizon commitments and begin our New Frontier strategy from a position of strength with a greater emphasis on responsible growth.”
“Premiums, fees and other revenues were $14.3 billion, up 5 percent with growth in all segments.”
“Premiums, fees and other revenues increased 29% to $18.7 billion in 2025-Q4.”
“Adjusted premiums, fees and other revenues, excluding pension risk transfers, up 4% to $12.5 billion.”
“Adjusted premiums, fees and other revenues, excluding pension risk transfers, rose 5% to $12.4 billion.”
“The transaction... is the latest example of executing across the company’s New Frontier strategic priorities.”
“Adjusted premiums, fees and other revenues were $14.4 billion, up 6 percent on a reported basis.”
“Variable investment income up 58% to $518 million, driven by higher private equity returns.”
“Variable investment income was $497 million, primarily reflecting higher private equity returns.”
“Variable investment income was $483 million, primarily reflecting higher private equity returns.”
“Variable investment income fell to $195 million, primarily driven by lower private equity returns.”
“The transaction... is the latest example of executing across the company’s New Frontier strategic priorities.”
“Variable investment income was $293 million, compared to $63 million in the prior-year period, primarily driven by higher private equity returns.”