Recent reported results also point to that pattern. MetLife, for example, recorded 14% year‑on‑year growth in premiums, fees and other revenues in Q1 2025, with adjusted earnings rising in key segments such as group benefits, supported by higher investment income and still‑benign mortality. Principal Financial Group has likewise highlighted double‑digit growth in non‑GAAP operating earnings and return on equity expansion into early 2026, again tied to higher spreads on interest‑sensitive products and disciplined expense management.
