Asia segment earnings were $350 million, down 22%, driven by less favorable investment and underwriting margins despite strong sales growth.
Corporate and Other segment reported an adjusted loss of $233 million, slightly worse than prior year.
EMEA segment earnings were $100 million, up 30%, reflecting strong volume and sales growth.
Group Benefits adjusted earnings were $400 million, down 25% from the prior year, impacted by less favorable life and non-medical health underwriting.
Latin America posted $233 million in adjusted earnings, up 3% and 15% on a constant currency basis, driven by volume growth and favorable Chilean encaje returns.
MetLife Holdings earnings were $144 million, down 6%, reflecting lower variable investment income and runoff of the business.
MetLife reported adjusted earnings of $1.4 billion or $2.02 per share for Q2 2025, down 16% year-over-year primarily due to less favorable underwriting and lower investment margins.
Retirement and Income Solutions (RIS) segment earnings were $368 million, down 10% due to lower recurring interest margins.
Allowance for credit losses ratio increased to 1.50% due to a single $24 million CRE office loan moving to nonaccrual, significantly increasing quarterly credit loss expense.
Loan growth was solid at 7.4%, with commercial loan production of $215 million, the highest in the last 6 quarters.
MidWestOne reported net income of $10 million or $0.48 per diluted common share for Q2 2025.
Net interest income increased by $2.5 million to $50 million compared to the linked quarter, driven by higher earning asset volumes and yields and lower funding costs.
Noninterest income was $10.2 million, slightly up from $10.1 million in the linked quarter, driven by wealth management, card revenue, mortgage origination fees, and SBA gain on sale revenue.
Outside the single loan, asset quality improved with a 32 basis point decrease in criticized asset ratio and net charge-offs of only 2 basis points.
Tax equivalent net interest margin and core net interest margin both expanded 13 basis points to 3.57% and 3.49%, respectively.
Total noninterest expense was $35.8 million, a decrease of $0.5 million from the linked quarter, helped by $1.1 million in tax credit funds and a $200,000 decrease in core data processing expense.
Book value per share decreased to a negative $43.14 as of June 30, 2025, from a negative $40.99 at year-end 2024, mainly due to the consolidated net loss for the first six months of 2025.
MBIA Insurance Corp. reported statutory net income of $4 million in Q2 2025 compared to a statutory net loss of $35 million in Q2 2024.
MBIA reported a consolidated GAAP net loss of $56 million for Q2 2025, a significant improvement from a $254 million net loss in Q2 2024.
National reported statutory net income of $6 million in Q2 2025 versus a statutory net loss of $131 million in Q2 2024.
The adjusted net loss was $8 million for Q2 2025 compared to $138 million in Q2 2024, primarily due to lower losses in Loss Adjustment Expenses (LAE) at National related to PREPA exposure.
Dafinchi