MET News & Events

Reports Q1 revenue $19.07B, consensus $19.42B. Comment from Michel Khalaf, President and Chief Executive Officer: "MetLife delivered exceptional performance in the first quarter, with adjusted earnings per share up 23 percent and widespread top-line growth. Our strong start to 2026 reflects how we're accelerating progress in year two of New Frontier, supported by disciplined execution across the enterprise, and deliberate capital deployment that balances investment in our businesses with returning capital to shareholders. We remain confident in delivering against the ambitious financial targets we laid out under New Frontier. By keeping customers at the center, we will continue to drive responsible growth and create long-term shareholder value that consistently compounds over time."

Sun Life Financial (SLF) announced that it has reached a settlement in principle to resolve a class action relating to individual life insurance policies sold and issued by the MetLife (MET) in the 1980s and 1990s, which Sun Life inherited through historical Canadian acquisitions. This matter does not involve any policies or products sold by Sun Life. The proposed settlement will resolve this long-standing litigation. The settlement and notice to class members are subject to court approval. If approved, Sun Life would provide up to $213.5M settlement value to eligible policyholders, which is expected to result in a charge to Q1 reported net income of approximately $145M. These proceedings relate to the interpretation of policy language in these historic MetLife policies. MetLife provided an indemnity relating to these policies. Accordingly, if the settlement is approved by the court, Sun Life will seek full recourse from MetLife pursuant to the indemnity.