earnings
confidence high
sentiment positive
materiality 0.75
MetLife Q1 net income $800M ($1.10 EPS), adj EPS $1.83; board approves $3B buyback
METLIFE INC
2024-Q1 EPS reported
$1.10
revenue$16,057,000,000
- Net income $800M ($1.10 per share) vs $14M ($0.02) in Q1 2023; adjusted earnings $1.3B ($1.83 per share), up 20% YoY.
- Premiums, fees and other revenues $11.975B, up 4% YoY; total revenues $16.057B.
- Board approved new $3B share repurchase authorization; $1.2B repurchased in Q1 2024 plus ~$330M in April.
- Book value per share $34.54; adjusted ROE excluding AOCI other than FCTA of 13.8%.
- Holding company cash $5.2B, above target buffer of $3.0-$4.0B.