MetLife Inc. reported third quarter 2025 premiums, fees and other revenues of $12.5 billion, unchanged from the prior year period. Adjusted premiums, fees and other revenues, excluding pension risk transfers, rose 4 percent to $12.5 billion. Net investment income increased by 16 percent to $6.1 billion, primarily due to higher estimated fair values of certain securities. Adjusted net investment income was $5.4 billion, up 6 percent, reflecting higher returns on private equity assets. Net investment losses totaled $325 million, or $257 million after tax, and net derivative losses were $929 million, or $734 million after tax. Net income declined 36 percent to $818 million, with net income per share down 33 percent to $1.22. Adjusted earnings rose 15 percent to $1.6 billion, or $2.37 per share, up 22 percent. During the quarter, MetLife expanded its Xcelerator program in Latin America through a partnership with Mercado Libre in Brazil and Mexico and secured $12 billion in pension risk transfer mandates in the fourth quarter to date.