secwatch.observer — SEC 8-K summary
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Issuer:     METLIFE INC (MET)
CIK:        0001099219
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001099219-23-000156
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099219/000109921923000156/0001099219-23-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099219/000109921923000156/met-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001099219-23-000156

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