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Dec 31, 2023

MetLife Q4 2023 Earnings Report

MetLife reported strong Q4 2023 results driven by positive momentum in its market-leading portfolio of businesses.

Key Takeaways

MetLife's Q4 2023 net income was $574 million, or $0.77 per share, compared to $1.5 billion, or $1.96 per share, in Q4 2022. Adjusted earnings were $1.4 billion, or $1.83 per share, up from $1.3 billion, or $1.59 per share, in the prior year. The company's results reflect the positive momentum in its market-leading portfolio of businesses and strong capital and liquidity position.

Net income was $574 million, or $0.77 per share.

Adjusted earnings were $1.4 billion, or $1.83 per share.

Adjusted earnings, excluding total notable items, were $1.4 billion, or $1.93 per share.

The Group Benefits and RIS businesses were previously reported as the U.S. segment.

Total Revenue
$19B
Previous year: $15.8B
+20.2%
EPS
$1.83
Previous year: $1.55
+18.1%
Expense ratio
18.6%
Direct expense ratio
12.4%
Gross Profit
$19B
Previous year: $16.8B
+13.0%
Cash and Equivalents
$5.2B
Previous year: $43.9B
-88.2%
Total Assets
$26.2B
Previous year: $713B
-96.3%

MetLife

MetLife

Forward Guidance

MetLife will hold its combined fourth quarter and full year 2023 earnings and outlook conference call and audio webcast on Thursday, February 1, 2024, from 9-10 a.m. (ET).