MetLife to sell closed UK life unit as segment earnings and revenue rise

what happened

MetLife has agreed to sell its closed-book UK life insurance unit to Chesnara, while keeping its ongoing UK protection business. Completion is expected in the first half of 2027, and the financial terms have not been disclosed, according to TradingView.

Adjusted earnings at Group Benefits climbed to $523 million from $456 million. Better mortality results in life insurance, along with favorable disability and dental claims, helped lift the figure. Revenue at Retirement and Income Solutions jumped 66% to $2.0 billion, largely because of higher premiums from UK reinsurance and benefit funding. Other revenue at MetLife Investment Management rose 34% to $319 million, supported by the purchase of PineBridge and internal growth across public and private bond strategies.

why it matters

For markets, the report combines a portfolio clean-up with strong growth in two business lines. Investors will weigh the undisclosed sale price against the stronger earnings and revenue in the insurance and asset-management divisions.

market impact

MetLife (MET): UK portfolio sale and stronger segment results shape sentiment toward the stock

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