MET earnings

MetLife, Inc. (NYSE:MET) today announced its first quarter 2026 results. Earnings Return Per Share on Equity (ROE)   1Q 2026 1Q 2026   Net Income $1.74 ROE 18.2%   Adjusted Earnings $2.42 Adjusted ROE 17.0% • Net income increased 30%1 to $1.1 billion, or $1.74 per share.• Adjusted earnings increased 18% to $1.6 billion, driven by higher variable investment income, volume growth and favorable underwriting.• Adjusted earnings per share increased 23% to $2.42.• Premiums, fees and other revenues (PFOs) increased 5% to $14.3 billion.• Adjusted PFOs, excluding pension risk transfers (PRT), increased 10% to $13.3 bil

MetLife, Inc. (NYSE:MET) will release its first quarter 2026 financial results on Wednesday, May 6, 2026, after the market closes. The earnings news release, financial supplement and related materials will be posted on MetLife's Investor Relations webpage at investor.metlife.com. MetLife will hold its first quarter 2026 earnings conference call on Thursday, May 7, 2026, from 9-10 a.m. (ET) via a live webcast. Please click on the following link to register: https://events.q4inc.com/attendee/313008777. A replay of the webcast will be available at investor.metlife.com for seven days following the call. About MetLife MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates ("MetLif

MetLife, Inc. (NYSE:MET) today announced its full year and fourth quarter 2025 results. Earnings   Return   Per Share on Equity (ROE     4Q 2025   4Q 2025 Net Income $1.17 ROE 12.0%   Adjusted Earnings $2.49 Adjusted ROE 17.6% Full Year Results Net income was $3.2 billion, or $4.71 per share. Adjusted earnings per share, excluding total notable items, up 10%1 to $8.89. Premiums, fees and other revenues (PFOs) increased 10% to $57.6 billion. Adjusted PFOs, excluding pension risk transfers (PRT), were up 5% to $49.8 billion. RIS record sales,

MetLife, Inc. (NYSE:MET) today announced that it will hold a combined fourth quarter and full year 2025 earnings and outlook conference call and audio webcast on Thursday, February 5, 2026, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its fourth quarter and full year 2025 earnings news release, Fourth Quarter 2025 Financial Supplement and outlook materials on Wednesday, February 4, 2026, after the market closes. The news release, Fourth Quarter 2025 Financial Supplement, and outlook materials will also be available on the MetLife Investor Relations webpage (https://investor.metlife.com). The call and accompanying materials will include statements relating to the busines

MetLife, Inc. (NYSE:MET) today announced that it will hold its third quarter 2025 earnings conference call and audio webcast on Thursday, November 6, 2025, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its third quarter 2025 earnings news release and Third Quarter 2025 Financial Supplement on Wednesday, November 5, 2025, after the market closes. The news release and Third Quarter 2025 Financial Supplement will also be available on the MetLife Investor Relations webpage (https://investor.metlife.com). The conference call will be available live via the internet. To listen to the conference call, click the following link to register (https://events.q4inc.com/attendee/817838

MetLife, Inc. (NYSE:MET) today announced its second quarter 2025 results.   Earnings       Return     Per Share       on Equity (ROE)     2Q 2025       2Q 2025                         Net Income $1.03 ROE 11.7%                       Adjusted Earnings $2.02 Adjusted ROE 14.6% Net income was $698 million. Adjusted earnings declined to $1.4 billion, due to less favorable underwriting and lower investment margins, partially offset by volume growth and favorable expense margins. Premiums, fees and other revenues (PFOs) were $12.7 billion. Adjusted

MetLife, Inc. (NYSE:MET) today announced that it will hold its second quarter 2025 earnings conference call and audio webcast on Thursday, August 7, 2025, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its second quarter 2025 earnings news release and Second Quarter 2025 Financial Supplement on Wednesday, August 6, 2025, after the market closes. The news release and Second Quarter 2025 Financial Supplement will also be available on the MetLife Investor Relations webpage (https://investor.metlife.com). The conference call will be available live via the internet. To listen to the conference call, click the following link to register (https://events.q4inc.com/attendee/683094

MetLife, Inc. (NYSE:MET) today announced its first quarter 2025 results. Earnings Per Share   Return on Equity (ROE) 1Q 2025   1Q 2025 Net Income $ 1.28   ROE 14.9 % Adjusted Earnings $ 1.96   Adjusted ROE 14.4 % Net income increased 10% to $879 million. Premiums, fees and other revenues (PFOs) increased 14% to $13.6 billion. Adjusted earnings rose 1% to $1.3 billion. Higher life underwriting margins, volume growth and variable investment income were partially offset by unfavorable foreign currency impacts and lower recurring interest margins. Book value increased 2% to $35.16 per share. A

Agreement with a subsidiary of Talcott Financial Group to reinsure approximately $10 billion of U.S. retail variable annuity and rider reserves Transaction demonstrates MetLife's focused execution across New Frontier strategic priorities MetLife, Inc. (NYSE:MET) today announced it has entered into an agreement with Talcott Resolution Life Insurance Company (Talcott), a life insurance and annuities subsidiary of Talcott Financial Group, to reinsure approximately $10 billion of U.S. retail variable annuity and rider reserves. The combined value of the transaction is expected to be approximately $250 million consisting of both ceding commission and capital released over time. The planne

MetLife, Inc. (NYSE:MET) today announced that it will hold its first quarter 2025 earnings conference call and audio webcast on Thursday, May 1, 2025, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its first quarter 2025 earnings news release and First Quarter 2025 Financial Supplement on Wednesday, April 30, 2025, after the market closes. The news release and First Quarter 2025 Financial Supplement will also be available on the MetLife Investor Relations webpage (https://investor.metlife.com). The conference call will be available live via the internet. To listen to the conference call, click the following link to register (https://events.q4inc.com/attendee/259680312). T

MetLife, Inc. (NYSE:MET) today announced its full year and fourth quarter 2024 results. Full Year Results Summary Net income of $4.2 billion, compared to net income of $1.4 billion for the full year 2023. Net income of $5.94 per share, up 228 percent from the prior year. Adjusted earnings of $5.8 billion, compared to adjusted earnings of $5.5 billion for the full year 2023. Adjusted earnings of $8.15 per share, up 12 percent from the prior year. Adjusted earnings, excluding total notable items, of $5.8 billion, compared to $5.6 billion for the full year 2023. On a per share basis, adjusted earnings, excluding total notable items, of $8.11, up 11 percent from $7.33 for the full ye

MetLife, Inc. (NYSE:MET) today announced that it will hold a combined fourth quarter and full year 2024 earnings and outlook conference call and audio webcast on Thursday, February 6, 2025, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its fourth quarter and full year 2024 earnings news release, Fourth Quarter 2024 Financial Supplement and outlook materials on Wednesday, February 5, 2025, after the market closes. The news release, Fourth Quarter 2024 Financial Supplement, and outlook materials will also be available on the MetLife Investor Relations webpage (https://investor.metlife.com). The call and accompanying materials will include statements relating to the busines

MetLife, Inc. (NYSE:MET) today announced its third quarter 2024 results. Third Quarter Results Summary Net income of $1.3 billion, or $1.81 per share, compared to net income of $422 million, or $0.56 per share, in the third quarter of 2023. Adjusted earnings of $1.4 billion, or $1.95 per share, compared to adjusted earnings of $1.5 billion, or $1.97 per share, in the third quarter of 2023. Book value of $39.02 per share, up 33 percent from $29.34 per share at September 30, 2023. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $54.72 per share, up 3 percent from $53.00 per share at September 30, 2023.

MetLife, Inc. (NYSE:MET) today announced that it will hold its third quarter 2024 earnings conference call on Thursday, October 31, 2024, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its third quarter 2024 earnings news release and Third Quarter 2024 Financial Supplement on Wednesday, October 30, 2024, after the market closes. The news release and Third Quarter 2024 Financial Supplement will also be available on the MetLife Investor Relations webpage (https://investor.metlife.com). The conference call will be available live via the internet. To listen to the conference call, click the following link to register (https://registrations.events/direct/Q4I79508687). The conf

MetLife, Inc. (NYSE:MET) today announced its second quarter 2024 results. Second Quarter Results Summary Net income of $912 million, or $1.28 per share, compared to net income of $370 million, or $0.48 per share, in the second quarter of 2023. Adjusted earnings of $1.6 billion, or $2.28 per share, compared to adjusted earnings of $1.5 billion, or $1.94 per share, in the second quarter of 2023. Book value of $33.30 per share, down 5 percent from $34.92 per share at June 30, 2023. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $53.12 per share, down 1 percent from $53.55 per share at June 30, 202

MetLife, Inc. (NYSE:MET) today announced that it will hold its second quarter 2024 earnings conference call on Thursday, August 1, 2024, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its second quarter 2024 earnings news release and Second Quarter 2024 Financial Supplement on Wednesday, July 31, 2024, after the market closes. The news release and Second Quarter 2024 Financial Supplement will also be available on the MetLife Investor Relations webpage (https://investor.metlife.com). The conference call will be available live via the internet. To listen to the conference call, click the following link to register (https://registrations.events/direct/Q4I79508686). The con

MetLife, Inc. (NYSE:MET) today announced its first quarter 2024 results. First Quarter Results Summary Net income of $800 million, or $1.10 per share, compared to net income of $14 million, or $0.02 per share, in the first quarter of 2023. Adjusted earnings of $1.3 billion, or $1.83 per share, compared to adjusted earnings of $1.2 billion, or $1.52 per share, in the first quarter of 2023. Book value of $34.54 per share, down 6 percent from $36.89 per share at March 31, 2023. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $53.13 per share, down 1 percent from $53.83 per share at March 31, 2023.

MetLife, Inc. (NYSE:MET) today announced that it will hold its first quarter 2024 earnings conference call and audio webcast on Thursday, May 2, 2024, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its first quarter 2024 earnings news release and First Quarter 2024 Financial Supplement on Wednesday, May 1, 2024, after the market closes. The news release and First Quarter 2024 Financial Supplement will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The conference call will be available live via telephone and the internet. To listen via telephone, dial 877-692-8955 (U.S.) or 234-720-6979 (outside the U.S.). The participant acces

MetLife, Inc. (NYSE:MET) today announced its full year and fourth quarter 2023 results. Full Year Results Summary* Net income of $1.4 billion, compared to net income of $5.1 billion for the full year 2022. Net income of $1.81 per share, down 71 percent from the prior year. Adjusted earnings of $5.5 billion, compared to adjusted earnings of $5.8 billion for the full year 2022. Adjusted earnings of $7.25 per share, up 1 percent from the prior year. Adjusted earnings, excluding total notable items, of $5.6 billion, compared to $5.7 billion for the full year 2022. On a per share basis, adjusted earnings, excluding total notable items, of $7.33, up 4 percent from $7.05 for the full ye

MetLife, Inc. (NYSE:MET) today announced that it will hold a combined fourth quarter and full year 2023 earnings and outlook conference call and audio webcast on Thursday, February 1, 2024, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its fourth quarter and full year 2023 earnings news release, Fourth Quarter 2023 Financial Supplement and outlook materials on Wednesday, January 31, 2024, after the market closes. The news release, Fourth Quarter 2023 Financial Supplement, and outlook materials will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The call and accompanying materials will include statements relating to the busine

MetLife, Inc. (NYSE:MET) today announced its third quarter 2023 results. Third Quarter Results Summary* Net income of $422 million, or $0.56 per share, compared to net income of $1.1 billion, or $1.37 per share, in the third quarter of 2022. Adjusted earnings of $1.5 billion, or $1.97 per share, compared to adjusted earnings of $1.1 billion, or $1.37 per share, in the third quarter of 2022. Book value of $29.34 per share, down 10 percent from $32.48 per share at September 30, 2022. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $53.00 per share, up 2 percent from $52.04 per share at September 3

MetLife, Inc. (NYSE:MET) today announced that it will hold its third quarter 2023 earnings conference call and audio webcast on Thursday, November 2, 2023, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its third quarter 2023 earnings news release and Third Quarter 2023 Financial Supplement on Wednesday, November 1, 2023, after the market closes. The news release and Third Quarter 2023 Financial Supplement will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The conference call will be available live via telephone and the internet. To listen via telephone, dial 877-692-8955 (U.S.) or 234-720-6979 (outside the U.S.). The partici

MetLife, Inc. (NYSE:MET) today announced its second quarter 2023 results. Second Quarter Results Summary* Net income of $370 million, or $0.48 per share, compared to net income of $881 million, or $1.08 per share, in the second quarter of 2022. Adjusted earnings of $1.5 billion, or $1.94 per share, compared to adjusted earnings of $1.7 billion, or $2.13 per share, in the second quarter of 2022. Book value of $34.92 per share, down 7 percent from $37.52 per share at June 30, 2022. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $53.55 per share, up 2 percent from $52.30 per share at June 30, 2022

MetLife, Inc. (NYSE:MET) today announced that it will hold its second quarter 2023 earnings conference call and audio webcast on Thursday, August 3, 2023, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its second quarter 2023 earnings news release and Second Quarter 2023 Financial Supplement on Wednesday, August 2, 2023, after the market closes. The news release and Second Quarter 2023 Financial Supplement will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The conference call will be available live via telephone and the internet. To listen via telephone, dial 877-692-8955 (U.S.) or 234-720-6979 (outside the U.S.). The partici

Agreement with Global Atlantic to reinsure approximately $19.2 billion of U.S. retail life insurance and fixed annuity statutory reserves MetLife Board of Directors approves a further increase in share repurchase authorization to $4 billion Transaction demonstrates MetLife's focus on risk management and on deploying capital to its highest and best use to create long-term value for shareholders and other stakeholders MetLife, Inc. (NYSE:MET) today announced it has entered into an agreement with Global Atlantic Financial Group (Global Atlantic), a retirement and life insurance company, to reinsure approximately $19.2 billion of U.S. retail universal life, variable universal life, un

MetLife, Inc. (NYSE:MET) today announced its first quarter 2023 results. First Quarter Results Summary* Net income of $14 million, or $0.02 per share, compared to net income of $1.6 billion, or $1.89 per share, in the first quarter of 2022. Adjusted earnings of $1.2 billion, or $1.52 per share, compared to adjusted earnings of $1.7 billion, or $2.04 per share, in the first quarter of 2022. Book value of $36.89 per share, down 22 percent from $47.39 per share at March 31, 2022. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $53.83 per share, up 2 percent from $52.97 per share at March 31, 2022.

MetLife, Inc. (NYSE:MET) today announced that it will hold its first quarter 2023 earnings conference call and audio webcast on Thursday, May 4, 2023, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its first quarter 2023 earnings news release and First Quarter 2023 Financial Supplement on Wednesday, May 3, 2023, after the market closes. The news release and First Quarter 2023 Financial Supplement will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The conference call will be available live via telephone and the internet. To listen via telephone, dial 877-692-8955 (U.S.) or 234-720-6979 (outside the U.S.). The participant acces

MetLife, Inc. (NYSE:MET) today announced its full year and fourth quarter 2022 results. Full Year Results Summary Net income of $2.4 billion, compared to net income of $6.4 billion for the full year 2021. Net income of $2.91 per share, down 60 percent from the prior year. Adjusted earnings of $5.5 billion, compared to adjusted earnings of $8.0 billion for the full year 2021. Adjusted earnings of $6.85 per share, down 25 percent from the prior year. Adjusted earnings, excluding total notable items, of $5.4 billion, compared to $7.9 billion for the full year 2021. On a per share basis, adjusted earnings, excluding total notable items, of $6.72, down 26 percent from $9.07 for the full y

MetLife, Inc. (NYSE:MET) today announced that it will hold a combined fourth quarter and full year 2022 earnings and outlook conference call and audio webcast on Thursday, February 2, 2023, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its fourth quarter and full year 2022 earnings news release, Fourth Quarter 2022 Financial Supplement and outlook materials on Wednesday, February 1, 2023, after the market closes. The news release, Fourth Quarter 2022 Financial Supplement, and outlook materials will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The call and accompanying materials will include statements relating to the busines

MetLife, Inc. (NYSE:MET) today announced its third quarter 2022 results. Third Quarter Results Summary Net income of $331 million, or $0.41 per share, compared to net income of $1.5 billion, or $1.77 per share, in the third quarter of 2021. Adjusted earnings of $966 million, or $1.21 per share, compared to adjusted earnings of $2.1 billion, or $2.39 per share, in the third quarter of 2021. Book value of $27.00 per share, down 65 percent from $77.24 per share at September 30, 2021. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $54.37 per share, down 5 percent from $57.29 per share at September 30, 2

MetLife, Inc. (NYSE:MET) today announced that it will hold its third quarter 2022 earnings conference call and audio webcast on Thursday, November 3, 2022, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its third quarter 2022 earnings news release and Third Quarter 2022 Financial Supplement on Wednesday, November 2, 2022, after the market closes. The news release and Third Quarter 2022 Financial Supplement will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The conference call will be available live via telephone and the internet. To listen via telephone, dial 877-692-8955 (U.S.) or 234-720-6979 (outside the U.S.). The particip

MetLife, Inc. (NYSE:MET) today announced its second quarter 2022 results. Second Quarter Results Summary Net income of $103 million, or $0.13 per share, compared to net income of $3.4 billion, or $3.83 per share, in the second quarter of 2021. Adjusted earnings of $1.6 billion, or $2.00 per share, compared to adjusted earnings of $2.1 billion, or $2.37 per share, in the second quarter of 2021. Book value of $41.73 per share, down 45 percent from $75.86 per share at June 30, 2021. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $55.54 per share, down 1 percent from $56.38 per share at June 30, 2021.

MetLife, Inc. (NYSE:MET) today announced that it will hold its second quarter 2022 earnings conference call and audio webcast on Thursday, August 4, 2022, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its second quarter 2022 earnings news release and Second Quarter 2022 Financial Supplement on Wednesday, August 3, 2022, after the market closes. The news release and Second Quarter 2022 Financial Supplement will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The conference call will be available live via telephone and the internet. To listen via telephone, dial 877-692-8955 (U.S.) or 234-720-6979 (outside the U.S.). The particip

MetLife, Inc. (NYSE:MET) today announced its first quarter 2022 results. First Quarter Results Summary Net income of $606 million, or $0.73 per share, compared to net income of $290 million, or $0.33 per share, in the first quarter of 2021. Adjusted earnings of $1.7 billion, or $2.08 per share, compared to adjusted earnings of $2.0 billion, or $2.20 per share, in the first quarter of 2021. Book value of $61.55 per share, down 12 percent from $70.08 per share at March 31, 2021. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $57.12 per share, up 7 percent from $53.16 per share at March 31, 2021. Ret

MetLife, Inc. (NYSE:MET) today announced that it will hold its first quarter 2022 earnings conference call and audio webcast on Thursday, May 5, 2022, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its first quarter 2022 earnings news release and First Quarter 2022 Financial Supplement on Wednesday, May 4, 2022, after the market closes. The news release and First Quarter 2022 Financial Supplement will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The conference call will be available live via telephone and the internet. To listen via telephone, dial 877-692-8955 (U.S.) or 234-720-6979 (outside the U.S.). The participant access

MetLife, Inc. (NYSE:MET) today announced its full year and fourth quarter 2021 results. Full Year Results Summary Net income of $6.4 billion, compared to net income of $5.2 billion for the full year 2020. Net income of $7.31 per share, up 29 percent from the prior year. Adjusted earnings of $8.0 billion, compared to adjusted earnings of $5.6 billion for the full year 2020. Adjusted earnings of $9.15 per share, up 49 percent from the prior year. Adjusted earnings, excluding total notable items, of $7.9 billion, compared to $5.8 billion for the full year 2020. On a per share basis, adjusted earnings, excluding total notable items, of $9.07, up 42 percent from $6.38 for the full year 20

MetLife, Inc. (NYSE:MET) today announced that it will hold a combined fourth quarter and full year 2021 earnings and outlook conference call and audio webcast on Thursday, Feb. 3, 2022, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its fourth quarter and full year 2021 earnings news release, Fourth Quarter 2021 Financial Supplement, and outlook materials on Wednesday, Feb. 2, 2022, after the market closes. The news release, Fourth Quarter 2021 Financial Supplement, and outlook materials will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The call and accompanying materials will include statements relating to the business, oper

MetLife, Inc. (NYSE:MET) today announced its third quarter 2021 results. Third Quarter Results Summary Net income of $1.5 billion, or $1.77 per share, compared to net income of $633 million, or $0.69 per share, in the third quarter of 2020. Adjusted earnings of $2.1 billion, or $2.39 per share, compared to adjusted earnings of $1.6 billion, or $1.73 per share, in the third quarter of 2020. Book value of $77.24 per share, up 1 percent from $76.20 per share at September 30, 2020. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $57.29 per share, up 8 percent from $53.10 per share at September 30, 2020.

MetLife, Inc. (NYSE:MET) today announced that it will hold its third quarter 2021 earnings conference call and audio webcast on Thursday, November 4, 2021, from 9-10 a.m. (ET). The call will follow MetLife's issuance of its third quarter 2021 earnings news release and Third Quarter 2021 Financial Supplement on Wednesday, November 3, 2021, after the market closes. The news release and Third Quarter 2021 Financial Supplement will also be available on the MetLife Investor Relations web page (https://investor.metlife.com). The conference call will be available live via telephone and the internet. To listen via telephone, dial 877-692-8955 (U.S.) or 234-720-6979 (outside the U.S.). The particip

MetLife, Inc. (NYSE:MET) today announced its second quarter 2021 results. Second Quarter Results Summary Net income of $3.4 billion, or $3.83 per share, compared to net income of $68 million, or $0.07 per share, in the second quarter of 2020. Adjusted earnings of $2.1 billion, or $2.37 per share, compared to adjusted earnings of $758 million, or $0.83 per share, in the second quarter of 2020. Book value of $75.86 per share, down 4 percent from $78.65 per share at June 30, 2020. Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $56.38 per share, up 8 percent from $52.27 per share at June 30, 2020. Ret