secwatch.observer — SEC 8-K summary
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Issuer:     METLIFE INC (MET)
CIK:        0001099219
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001099219-24-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MetLife Q4 adj. EPS $1.93 beats $1.59; FY adj. EPS $7.33, up 4%; net income down 71%
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- FY 2023 net income $1.4B ($1.81 EPS), down 71% from FY22; Q4 net income $574M ($0.77 EPS), down 63% YoY.
- FY adjusted earnings $5.5B ($7.25 EPS); Q4 adjusted earnings $1.4B ($1.83 EPS) vs $1.3B ($1.59 EPS).
- FY adjusted earnings ex. notable items $5.6B ($7.33 EPS), up 4% per share; Q4 $1.4B ($1.93 EPS), up 21%.
- Holding company cash $5.2B above $3-4B target; FY23 share repurchases $3.1B; ~$0.5B repurchased in Jan 2024.
- FY24 outlook: VII ~$1.5B; direct expense ratio target lowered to 12.3% from 12.6%; adj. ROE target 13-15%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099219/000109921924000028/0001099219-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099219/000109921924000028/met-20240131.htm
  HTML page:      https://secwatch.observer/filing/0001099219-24-000028

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