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CLAIM #41270 · MetLife Inc (MET) · 2025Q1 earnings call · May 1, 2025 · due Dec 31, 2025

This has been very well received and we've got other actions planned during the rest of the year. So we expect this momentum to continue.

Lyndon Oliver · Head of Asia

PENDING
graded after results covering Dec 31, 2025 are reported

In context

it's Lyndon here. Yes. So let me give you color on kind of the overall sales in Asia, and we'll cover what happens in Japan as well as what's going on in the rest of Asia. We've had a strong start to the year. First quarter sales were up 10% across the region. And we're on track to grow full year sales in line with our outlook of mid to high single digits. So let's start with Japan. We've had a good strong start. We've got strong market share across all our distribution channels, including the banca channel. And while we've seen some decline in the FX products in recent quarters, we are seeing momentum pick up. If you look at the sequential growth in the first quarter, it was strong. Now looking at April, Michel mentioned, we launched a new single premium life product in the bank channel. This has been very well received and we've got other actions planned during the rest of the year. So we expect this momentum to continue. Now going to the rest of Asia, outstanding quarter. Sales were up 41% from the prior year. And this is driven primarily by China, where we saw the addition of some new bank partners come on Board and that really helped with the sales there. And also in Korea, very strong performance in our face-to-face channels both in Korea agency as well as in the independent channels. So I hope that helps. Joel Hurwitz: Thank you. Operator: We have time for one more question, and that question comes from Nick Anido with Wells Fargo. Please go ahead. Nick Anido: Hi, good morning. Thanks. Just wanted to touch on Group Life and the expectation for the balance of the year, given it's been coming in pretty strong. Is it something you have confidence in for like a sustained period? Or is it more touch and go

Verify independently

SEC filings for MET · Claim quote is verbatim from the 2025Q1 earnings call.