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Jun 30, 2024
MetLife Q2 2024 Earnings Report
MetLife's financial performance improved, driven by growth in Group Benefits and diversification across market-leading businesses.
Key Takeaways
MetLife reported a strong second quarter in 2024, with net income of $912 million and adjusted earnings of $1.6 billion. The company's performance was driven by its Group Benefits franchise and diversification across its businesses.
Net income was $912 million, or $1.28 per share, compared to $370 million, or $0.48 per share, in Q2 2023.
Adjusted earnings reached $1.6 billion, or $2.28 per share, up from $1.5 billion, or $1.94 per share, in the prior year.
Holding company cash and liquid assets stood at $4.4 billion, exceeding the target cash buffer.
Sales were up 11 percent year-to-date, primarily driven by strong growth in core and voluntary products.
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 document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income