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Dec 31, 2024

MetLife Q4 2024 Earnings Report

Expected Revenue:$19.5B
+5.7% YoY
Expected EPS:$2.11
+12.2% YoY

Key Takeaways

MetLife's Q4 2024 net income was $1.2 billion, or $1.78 per share, compared to $574 million, or $0.77 per share, in Q4 2023. Adjusted earnings were $1.5 billion, or $2.09 per share, up from $1.4 billion, or $1.83 per share, in the same period last year. The company's adjusted earnings, excluding notable items, were $1.4 billion, or $2.08 per share, compared to $1.4 billion, or $1.93 per share, in Q4 2023.

Net income was $1.2 billion, or $1.78 per share, compared to $574 million, or $0.77 per share, in the fourth quarter of 2023.

Adjusted earnings were $1.5 billion, or $2.09 per share, compared to $1.4 billion, or $1.83 per share, in the fourth quarter of 2023.

Adjusted earnings, excluding total notable items, were $1.4 billion, or $2.08 per share, compared to $1.4 billion, or $1.93 per share, in the fourth quarter of 2023.

Holding company cash and liquid assets of $5.1 billion at December 31, 2024, which is above the target cash buffer of $3.0 - $4.0 billion.

Total Revenue
$18.7B
Previous year: $19B
-1.9%
Expense ratio
17.8%
Previous year: 18.6%
-4.3%
Direct expense ratio
13.1%
Previous year: 12.4%
+5.6%
Cash and Equivalents
$5.1B
Previous year: $5.2B
-1.9%
Free Cash Flow
$5.13B
Total Assets
$677B
Previous year: $26.2B
+2486.0%

MetLife

MetLife

Forward Guidance

MetLife will hold its combined fourth quarter and full year 2024 earnings and outlook conference call and audio webcast on Thursday, February 6, 2025, from 9-10 a.m. (ET).