MET · 8-K · 20260805PR000048

Net Investment Income Trends

METLIFE INC · 2026-08-05 · Importance 54 · Surprise 40 · In source text

Net investment income increased 18% year over year to $6.702 billion, primarily because of higher estimated fair values for certain securities that do not qualify as separate accounts under GAAP. Adjusted net investment income increased 7% to $5.551 billion, reflecting asset growth and investment in a higher-rate environment. Adjusted variable investment income increased 18% to $231 million. Net investment losses were $338 million after tax, while net derivative losses were $610 million after tax due to stronger equity markets, higher long-term interest rates and a stronger U.S. dollar.

Key facts

• Adjusted net investment income for 2Q 2026: $5,551 million source
• Net investment income for 2Q 2026: $6,702 million source
• Net derivative losses were $610 million after tax in 2Q 2026 source
• Net derivative gains (losses) on GAAP basis for 2Q 2026: $(772) million source
• Variable investment income (post-tax) total: $183 and total assets: $18.1 billion source
• Net investment losses were $338 million after tax in 2Q 2026 source
• Net investment gains (losses) on GAAP basis for 2Q 2026: $(428) million source
• Variable investment income (VII) increased 18% to $231 million in 2Q 2026 source

Impact estimates