MetLife Q2 2023 Earnings Report
Key Takeaways
MetLife reported a decrease in net income and adjusted earnings compared to the prior year, but demonstrated resilience through its all-weather strategy. The company's focus on execution, investment, and capital deployment drove underlying growth in its market-leading businesses.
Net income was $370 million, or $0.48 per share, down from $881 million, or $1.08 per share, in the second quarter of 2022.
Adjusted earnings were $1.5 billion, or $1.94 per share, compared to $1.7 billion, or $2.13 per share, in the second quarter of 2022.
Adjusted premiums, fees and other revenues were $13.6 billion, up 1 percent on a reported basis.
Net investment income was $5.1 billion, up 42 percent from the second quarter of 2022.
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MetLife Revenue by Segment
Forward Guidance
This document does not contain forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income