04:44 PM EDT, 04/30/2025 (MT Newswires) -- MetLife ( MET ) reported Q1 adjusted earnings late Wednesday of $1.96 per share, up from $1.83 a year earlier.

Analysts polled by FactSet expected $2.

Revenue for the quarter ended March 31 was $18.57 billion, up from $16.06 billion a year earlier.

Analysts surveyed by FactSet expected $18.37 billion.

The company said its board authorized the repurchase of $3 billion of common shares.

The company said it also entered an agreement with a Talcott Financial Group unit in April to reinsure nearly $10 billion of US retail variable annuity and rider reserves.