earnings
confidence high
sentiment neutral
materiality 0.85
MetLife Q3 net income drops 62% to $422M; adj. earnings up 35% to $1.5B
METLIFE INC
2023-Q3 EPS reported
$1.05
revenue$47,877,000,000
- Net income $422M ($0.56/sh) vs $1.1B ($1.37/sh) in Q3 2022; adjusted earnings $1.5B ($1.97/sh) up 35%.
- Adjusted EPS ex. notable items $1.95, up 43% YoY; adjusted ROE ex. AOCI 14.9%.
- Book value per share ex. AOCI $53.00, up 2% YoY; holding company cash $4.9B above $3-4B target.
- U.S. adj. earnings ex. notable items $892M (+33%); Asia $369M (+23% constant currency); Latin America $199M (+8%).
- Repurchased $0.8B shares in Q3 2023; ~$250M in October; U.S. statutory capital ~$17.7B, up 2% from Q2.