MetLife (MET) investor relations material

Business overview and market positioning

• Group Benefits and Retirement & Income Solutions generate 60% of adjusted earnings, benefiting from secular growth trends and competitive advantages.

• Group Benefits is the largest segment, with $25 billion in premiums and a 25% share of company earnings.

• Retirement & Income Solutions spans the U.S. and U.K., leading in Pension Risk Transfer and Stable Value solutions.

• Both segments maintain top market positions, ranking first or second in all major product categories.

Growth drivers and strategies

• Scale and ongoing $2 billion investment in digital, underwriting, and channel capabilities drive outperformance.

• Employer consolidation and broad product offerings enable deeper penetration and long-term client retention.

• Channel consolidation among brokers increases shortlist presence and market share.

• Increasing employee participation rates in voluntary benefits present significant growth runway.

• Technology, data analytics, and AI are used to address confusion and protection gaps during open enrollment.

Regional and national market approaches

• Regional accounts (employers <5,000 employees) offer faster growth due to market fragmentation and product white space.

• Deep API integrations with benefit administrators enhance competitiveness and ease of doing business.

• National accounts remain a focus, with 25% market share and opportunities to expand product penetration.