MetLife retirement revenue jumps 19% ex-PRT as investment spread slips below guidance
By IAN Editorial Desk
11 August 2026·1 min read
UK longevity reinsurance and structured settlements drove the growth; total spread of 97bps came in under the 100–120bps range.
MetLife's Retirement and Income Solutions adjusted premiums, fees and other revenues, excluding pension risk transfer, rose 19% in the second quarter, driven by UK longevity reinsurance and structured settlement sales.
Earnings did not follow. RIS adjusted earnings rose 2% to $377 million. The gap between a 19% revenue line and a 2% earnings line is the story: the growth is…
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