MetLife Q1 2023 Earnings Report
Key Takeaways
MetLife reported a net income of $14 million, or $0.02 per share, and adjusted earnings of $1.2 billion, or $1.52 per share for the first quarter of 2023. The results reflect the company's focus on simplifying and differentiating its business.
Net income was $14 million, or $0.02 per share, compared to $1.6 billion, or $1.89 per share, in the first quarter of 2022.
Adjusted earnings were $1.2 billion, or $1.52 per share, compared to $1.7 billion, or $2.04 per share, in the first quarter of 2022.
Book value per share was $36.89, down 22 percent from $47.39 at March 31, 2022.
Holding company cash and liquid assets were $4.2 billion at March 31, 2023, above the target cash buffer of $3.0 - $4.0 billion.
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MetLife Revenue by Segment
Forward Guidance
MetLife did not provide forward guidance in the provided document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income