METLIFE INC 8-K

What Happened

• MetLife, Inc. filed an 8‑K on January 9, 2026 announcing a fourth‑quarter 2025 reorganization to accelerate growth in asset management. As part of the change, MetLife Investment Management (MIM) — the company’s institutional asset management business formerly reported in Corporate & Other — is now a standalone reportable segment. MetLife Holdings is no longer a reportable segment and its results are now primarily reported in Corporate & Other.
• The company reorganized its reporting into six operating segments: Group Benefits; Retirement and Income Solutions (RIS); Asia; Latin America; Europe, the Middle East & Africa (EMEA); and MIM. MetLife also revised presentation of its Quarterly Financial Supplement (QFS) starting with the quarter and full year ended December 31, 2025, and furnished a Historical Results Financial Supplement for prior periods.

Key Details

• Reorganization executed in Q4 2025; 8‑K filed January 9, 2026.
• Segment reporting changes were applied retrospectively for the quarters ended Dec 31, 2024; Mar 31, 2025; Jun 30, 2025; Sep 30, 2025; and the year ended Dec 31, 2024.
• Certain products were moved from MetLife Holdings into Group Benefits and RIS (applied retrospectively for the quarters ended Mar 31, Jun 30 and Sep 30, 2025).
• Effective Jan 1, 2025, MetLife amended agreements so MIM manages general account assets at current market fee rates (applied retrospectively for the quarters ended Mar 31, Jun 30 and Sep 30, 2025).
• The filing states these changes did not affect prior period consolidated net income (loss) or consolidated adjusted earnings.

Why It Matters

• For investors, making MIM a reportable segment increases transparency on MetLife’s asset‑management business and may make it easier to evaluate MIM’s revenue, fees and growth separately from insurance operations.
• The retrospective restatements and new QFS presentation provide comparable historical segment results through 2024 and 2025 quarters, which helps when reviewing recent quarterly results, revenues and other performance metrics.
• The fee‑rate change for managing general account assets formalizes market‑rate compensation to MIM starting in 2025; the company confirms these reporting changes did not change past consolidated net income or adjusted earnings.