earnings
confidence high
sentiment positive
materiality 0.80
MetLife Q2 adjusted EPS $2.43 (+20% YoY); announces $3B buyback authorization
METLIFE INC
- Adjusted EPS $2.43, up 20% YoY; net income $705M ($1.09 per share).
- Premiums, fees & other revenues up 7% to $13.7B; net investment income up 18% to $6.7B.
- Group Benefits adj. earnings up 25% to $503M; Asia up 21% to $420M; Latin America up 15% to $268M.
- Board authorized new $3.0B share repurchase program; returned over $1.1B to shareholders in Q2.
- Adjusted ROE 17% for second straight quarter, at top of 15-17% target range.