Loading...
•
Mar 31, 2024
MetLife Q1 2024 Earnings Report
MetLife reported strong topline growth and sustained momentum across its market-leading portfolio of businesses.
Key Takeaways
MetLife reported a strong start to 2024, with significant topline growth and momentum across its business portfolio. Net income was $800 million, or $1.10 per share, compared to $14 million, or $0.02 per share, in the first quarter of 2023. Adjusted earnings were $1.3 billion, or $1.83 per share, compared to $1.2 billion, or $1.52 per share, in the first quarter of 2023.
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.
Adjusted premiums, fees and other revenues were $11.9 billion, up 4 percent on a reported basis and up 5 percent on a constant currency basis from the prior-year period.
Net investment income was $5.4 billion, up 17 percent from the first quarter of 2023, driven by higher variable investment income, higher interest rates and increases in the estimated fair value of certain securities.
MetLife
MetLife
MetLife Revenue by Segment
Revenue by Segment
Group Benefits Revenue
CapyFin.comRetirement & Income Solutions Revenue
CapyFin.comAsia Revenue
CapyFin.comLatin America Revenue
CapyFin.comEMEA Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income