earnings
confidence high
sentiment negative
materiality 0.80
MetLife FY22 net income $2.4B ($2.91 EPS), down 63% YoY; adjusted EPS $6.72, down 26%
METLIFE INC
2022-FY EPS reported
$2.91
revenue$69,898,000,000
- Full year 2022 adjusted earnings $5.5B ($6.85/share), down 30% from $8.0B ($9.15) in 2021.
- Q4 2022 net income $1.3B ($1.66 EPS), up 12% from $1.2B ($1.39) in Q4 2021.
- Book value per share $29.81 at Dec 31 2022, down 61% YoY; excluding AOCI, $56.34, down 2%.
- Holding company cash $5.4B above $3-4B target; $3.3B share repurchases in FY22; ~$250M in Jan 2023.
- Near-term targets: adjusted ROE target raised to 13-15%; free cash flow ratio 65-75% of adjusted earnings.