secwatch.observer — SEC 8-K summary
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Issuer:     METLIFE INC (MET)
CIK:        0001099219
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001099219-24-000255
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MetLife Q3 adjusted EPS $1.95, down 1% YoY; net income surges to $1.3B on derivative gains
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- Net income $1.275B ($1.81 per share) vs $422M ($0.56) in Q3'23, up 202% on higher net derivative gains.
- Adjusted earnings $1.375B ($1.95 per share) vs $1.488B ($1.97) in Q3'23, down 8% (1% per share) on lower variable investment income.
- Variable investment income fell to $128M post-tax from $141M in Q3'23, below $375M quarterly target range.
- Book value $39.02 per share up 33% YoY; book value ex-AOCI other than FCTA $54.72, up 3%.
- Holding company cash $4.5B above $3-4B target; share repurchases ~$0.8B in Q3, with ~$130M shares bought in Oct 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099219/000109921924000255/0001099219-24-000255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099219/000109921924000255/met-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001099219-24-000255

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