MetLife Posts 10% Q1 Core Premium Growth as Asia Sales Jump 22%

1 articles · Updated · CNBC · Jun 29

MetLife said Q1 core premiums and fees rose 10%, with growth led by Asia at 22%, Latin America at 20% and U.S. Group Benefits at 15%.
That demand strength supports a broader earnings case: consensus sees EPS rising nearly 25% from $9.94 in 2026 to $12.40 in 2028.
AI and other technology investments are expected to help expand margins by 20 to 25 basis points annually by keeping expense growth below revenue gains.
Capital returns remain a tailwind, with just under $1.2 billion left on MetLife's buyback program and average ROE at 17.2%, near the top of its 15% to 17% target range.