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Sep 30, 2020

MetLife Q3 2020 Earnings Report

MetLife's financial performance was strong, marked by significant growth in adjusted earnings per share and strategic capital management.

Key Takeaways

MetLife reported a mixed third quarter with a decrease in net income but a strong increase in adjusted earnings per share. The company saw growth in adjusted earnings, driven by variable investment income and expense discipline, and resumed share repurchases.

Net income decreased to $633 million, or $0.69 per share.

Adjusted earnings increased to $1.6 billion, or $1.73 per share.

Book value per share rose to $76.20.

Holding company cash and liquid assets stood at $7.8 billion.

Total Revenue
$16.5B
Previous year: $16.9B
-2.4%
EPS
$1.73
Previous year: $1.54
+12.3%
Expense ratio
18.4%
Direct expense ratio
11.4%
Gross Profit
$16B
Previous year: $18.7B
-14.3%
Cash and Equivalents
$7.8B
Previous year: $19.5B
-59.9%
Total Assets
$780B
Previous year: $743B
+5.1%

MetLife

MetLife

MetLife Revenue by Segment

Forward Guidance

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Revenue & Expenses

Visualization of income flow from segment revenue to net income