MetLife Q1 2024 Earnings Report
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
Forward Guidance
No specific forward guidance was provided in the earnings report.