MetLife Sees Third-Quarter PE, Real Estate Profit Meeting Target

MetLife Inc. expects third-period income from its private equity and real estate investments to meet its quarterly target for the first time this year, according to a filing Monday.

The insurer, which had set itself a quarterly pretax target of $425 million for its variable investment income this year, failed to meet this milestone in previous quarters.

Read more: MetLife Forecasts 70% Jump for PE, Real Estate Income in 2025

The underperformance, caused in part by lower returns from private equity, has weighed on the firm’s stock price. New York-based MetLife’s shares are down more than 3% so far this ...