secwatch.observer — SEC 8-K summary
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Issuer:     METLIFE INC (MET)
CIK:        0001099219
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001099219-25-000133
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MetLife Q1 net income up 10% to $879M; adjusted EPS $1.96 beats; new $3B buyback
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- Net income $879M ($1.28/diluted EPS), up 10% YoY; adjusted earnings $1.349B ($1.96/diluted), up 1% YoY.
- Premiums, fees and other revenues up 14% to $13.6B; Group Benefits adjusted earnings +29% to $367M.
- Board authorized new $3.0B share repurchase program; returned $1.8B in Q1 via buybacks and dividends.
- Agreed to reinsure ~$10B of U.S. retail VA reserves with Talcott; expected close H2 2025, ~$250M value.
- Adjusted book value per share up 4% to $55.01; direct expense ratio 12.0% below 12.1% annual target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099219/000109921925000133/0001099219-25-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099219/000109921925000133/met-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001099219-25-000133

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer