MetLife

Q2 FY2026 EarningsQ2 FY2026 results showed a mix of performance against consensus: Revenue of $19.15B missed the $19.55B consensus, and GAAP EPS of $1.09 was significantly below the $2.13 expected due to $1.2B in investment and derivative losses. However, Normalized EPS of $2.43 beat the $2.29 consensus by 6.1%, driven by a 25% adjusted earnings jump in Group Benefits and strong variable investment income in Asia. While GAAP profitability was pressured by market volatility, core business momentum remains robust with Adjusted ROE at 17.0%.