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Sep 30, 2023

MetLife Q3 2023 Earnings Report

MetLife reported strong underlying results driven by business momentum and financial strength.

Key Takeaways

MetLife's Q3 2023 results showed a net income of $422 million and adjusted earnings of $1.5 billion. The company's focus on execution has enabled it to navigate the current environment effectively.

Net income was $422 million, or $0.56 per share.

Adjusted earnings were $1.5 billion, or $1.97 per share.

Holding company cash and liquid assets were $4.9 billion.

Adjusted premiums, fees and other revenues were $13.2 billion.

Total Revenue
$15.9B
Previous year: $23.7B
-33.0%
EPS
$1.97
Previous year: $1.21
+62.8%
Expense ratio
18.6%
Direct expense ratio
12.3%
Gross Profit
$15.9B
Previous year: $22.5B
-29.4%
Cash and Equivalents
$4.9B
Previous year: $22.2B
-77.9%
Total Assets
$652B
Previous year: $650B
+0.3%

MetLife

MetLife

MetLife Revenue by Segment

Forward Guidance

The news release does not contain forward guidance. Therefore, this section is left blank.

Revenue & Expenses

Visualization of income flow from segment revenue to net income