MetLife Q1 net income plunges to $14M from $1.6B YoY; authorizes $3B buyback

METLIFE INC

2023-Q1 EPS reported $0.02 revenue$15,388,000,000

Net income of $14M ($0.02/sh) vs $1.6B ($1.89) YoY; adjusted earnings $1.2B ($1.52).
Book value per share fell 22% to $36.89; book value ex-AOCI up 2% to $53.83.
Board approved new $3B common stock repurchase authorization.
Holding company cash $4.2B above target $3-4B buffer.
Variable investment income turned negative (-$35M post-tax) on lower venture/real estate.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

METLIFE INC reported first quarter 2023 results: net income Adjusted earnings of $1.2 billion, or $1.52 per share, EPS Adjusted earnings per share $1.52.

Period: first quarter 2023
Net income: Adjusted earnings of $1.2 billion, or $1.52 per share
EPS: Adjusted earnings per share $1.52
Result: reported results

Exact text from the filing

MetLife, Inc. (NYSE: MET) today announced its first quarter 2023 results. First Quarter Results Summary* • Net income of $14 million, or $0.02 per share, compared to net income of $1.6 billion, or $1.89 per share, in the first quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

METLIFE INC reported first quarter 2023 results: net income Adjusted earnings of $1.2 billion, or $1.52 per share, EPS Adjusted earnings per share $1.52.

Period: first quarter 2023
Net income: Adjusted earnings of $1.2 billion, or $1.52 per share
EPS: Adjusted earnings per share $1.52
Result: reported results

Exact text from the filing

• Adjusted earnings of $1.2 billion, or $1.52 per share, compared to adjusted earnings of $1.7 billion, or $2.04 per share, in the first quarter of 2022.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

METLIFE INC filing history →

Source: SEC EDGAR

accession 0001099219-23-000156

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