MetLife Inc reported fourth-quarter earnings that beat analyst expectations, driven by strong performance from its private equity investments, according to a report by Bloomberg, with adjusted earnings per share rising 19% year-on-year to $2.49, surpassing the Bloomberg consensus of $2.34.
The insurer’s adjusted net investment income meanwhile, increased 5% to $5.6bn, while variable investment income jumped 70% to $497m, reflecting higher private equity returns. MetLife set a 2026 target for variable investment income of approximately $1.6bn.
The results align with the company’s New Frontier strategy, launched in December 2024, aimed at lifting adjusted returns on equity and achieving double-digit EPS growth through strategic transactions, partnerships, and expanded global reach.
