MetLife (MET) Investor presentation summary

Strategic positioning and value proposition

• Focused on building a confident future for stakeholders, including shareholders, employees, customers, and communities.

• Delivers higher returns with lower risk, expanding adjusted ROE by nearly 300 basis points since 2019 while reducing beta by about 20%.

• Operates market-leading businesses in over 40 global markets, serving top Fortune 500 companies and millions of customers.

• Maintains a diversified earnings mix, with 49% capital-light and 51% capital-driven businesses.

• Positioned to benefit from macro trends such as demographic shifts, technology, and higher interest rates.

Growth strategy and operational execution

• Pursues the New Frontier strategy: extend leadership in group benefits, capitalize on retirement platforms, accelerate asset management growth, and expand internationally.

• Invested over $2.3B in technology since 2019, achieving above-market growth in group benefits and expanding employer and employee participation.

• Retirement platform generated ~$260B inflows over five years, with $430B in retirement liabilities, focusing on stable, high-value segments.

• Asset management arm (MIM) reached $748B AUM, targeting $1T, with strong performance across asset classes and geographies.

• International expansion targets high-growth markets in Asia, Latin America, and EMEA, with strong sales and diversified distribution.

Financial performance and segment highlights

• Achieved 20% adjusted EPS growth in 2Q26, with broad-based segment contributions and disciplined expense management.

• Group Benefits adjusted earnings up 25% YoY, with favorable underwriting and volume growth; maintained strong underwriting ratios.

• Retirement & Income Solutions adjusted earnings up 2%, with 19% growth in adjusted premiums (ex-PRT) and $331B in liabilities.

• Asia segment adjusted earnings up 21%, driven by equity markets and volume; sales up 17% regionally.

• Latin America adjusted earnings up 15%, with strong volume and sales growth, especially in Brazil.

• EMEA adjusted earnings up 8%, with 12% growth in adjusted premiums and strong sales momentum.

• MIM adjusted earnings up 6%, with 20% AUM growth, boosted by the PineBridge acquisition.