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 significant contributions from Group Benefits, Retirement & Income Solutions, Asia, Latin America, and EMEA.

• 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 Group Benefits leadership, capitalize on retirement platform, accelerate asset management growth, and expand internationally.

• Invested over $2.3B in technology since 2019, driving above-market growth in Group Benefits and increasing 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 targets $1T in AUM, currently at $748B, with strong performance across asset classes and geographies.

• International expansion targets high-growth markets representing 40% of the global population, with robust sales and premium growth forecasts.

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% in 2Q26, with favorable underwriting and volume growth; sales up 9% year-to-date.

• Retirement & Income Solutions adjusted earnings up 2% in 2Q26, with 19% growth in adjusted premiums (ex-PRT) and $331B in liabilities.

• Asia segment adjusted earnings up 21% in 2Q26, driven by strong equity markets and sales growth across nine markets.

• Latin America adjusted earnings up 15% in 2Q26, with strong volume growth and leading positions in Mexico, Chile, and Brazil.

• EMEA adjusted earnings up 8% in 2Q26, with 12% growth in adjusted premiums and broad-based sales momentum.

• Investment management adjusted earnings up 6% in 2Q26, with 20% AUM growth following the PineBridge acquisition.