MetLife, Inc. · MET · Next earnings

MetLife, Inc. reports Wednesday, Feb 3, 2027

MET reports after market close with consensus EPS at $2.62 and revenue at $20.67B. Last quarter: MetLife Q2: Strong Growth, With Spreads and Mortality in Focus

Reports After market close90 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $2.62 Calendar consensus
Consensus revenue $20.67B Calendar consensus
Report date Feb 3, 2027 Wednesday, date estimated
Session After market close 90 days away

Where MET left off: FY2026 Q2

Full report

MetLife Q2: Strong Growth, With Spreads and Mortality in Focus

EPS surprise +5.7% Reported $2.43 vs $2.30
Revenue surprise -3.0% Reported $19.07B vs $19.67B
Stock move +3.8% Event window
Subsequent drift -0.7% Up to 20 sessions

Management maintained its guidance stance; spread performance was below the 100–120 bps target at 97 bps.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Lower private-equity returns could weigh on variable investment income and total spreads.
  • Normalization of favorable mortality ratios could pressure Group Life margins.
  • Currency volatility, especially in Japan, could affect product mix and earnings.
  • AI model oversight and token costs could affect the productivity thesis.

Questions analysts left open

  • Whether favorable mortality experience normalizes and pressures Group Life margins.
  • Whether pension risk-transfer activity remains lumpy and how spreads evolve in a higher-rate environment.
  • Whether private-equity allocation and returns weaken variable investment income and total spreads.

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Recent MET quarters

All MET earnings
+3.8%FY2026 Q2-1.7%FY2026 Q1-3.4%FY2025 Q4-3.4%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.