earnings
confidence high
sentiment positive
materiality 0.80
MetLife FY2024 net income $4.2B, EPS up 228%; raises adjusted ROE target to 15-17%
METLIFE INC
2024-FY EPS reported
$5.94
revenue$70,986,000,000
- FY2024 net income of $4.2B ($5.94 EPS) vs $1.4B ($1.81) in 2023; adjusted EPS $8.15, up 12%.
- Q4 net income $1.2B ($1.78 EPS); adjusted EPS $2.09, up 14% YoY.
- Adjusted book value per share $54.81, up 2%; holding company cash $5.1B above $3-4B target.
- New near-term targets: adjusted ROE 15-17% (from 13-15%), double-digit adjusted EPS growth, direct expense ratio 12.1%.
- 2025 guidance: VII ~$1.7B, tax rate 24-26%; expects $25B free cash flow over next five years.