Metlife Inc
MET
ISIN US59156R1086 / Valor 1025316
Metlife Inc
UMushroom community rating:
About company
MetLife Inc. is a prominent global company that offers insurance, annuities, and employee benefit programs. With a strong presence in various regions including the United States, Japan, Latin America, Asia, Europe, the Middle East, and Africa, MetLife is known for its leading market positions in the insurance industry. The company's diverse range of products and services cater to individuals and businesses alike, providing financial protection and security to its customers worldwide.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Here are the highlights of MetLife Inc.'s third quarter 2024 financial results:Net Income Surge
MetLife Inc. reported a significant increase in net income for the third quarter of 2024, reaching $1.3 billion, or $1.81 per share. This marks a substantial rise from the net income of $422 million, or $0.56 per share, recorded in the same quarter of 2023.
Revenue Decline
For the third quarter of 2024, MetLife Inc. experienced a 5% decline in premiums, fees, and other revenues, totaling $12.5 billion compared to $13.2 billion in the third quarter of 2023. This decrease was primarily attributed to lower variable investment income.
Investment Income Growth
MetLife Inc. saw an 8% increase in net investment income, amounting to $5.2 billion in the third quarter of 2024. This growth was driven by higher interest rates and increases in the estimated fair value of certain securities.
Adjusted Earnings
Adjusted earnings for MetLife Inc. in the third quarter of 2024 were $1.4 billion, or $1.95 per share, reflecting a slight decrease from $1.5 billion, or $1.97 per share, in the same period of the previous year. The decline was primarily due to lower variable investment income.
Book Value Increase
MetLife Inc. reported a 33% increase in book value per share, reaching $39.02 as of September 30, 2024, compared to $29.34 per share at the end of the third quarter of 2023. Excluding accumulated other comprehensive income, the book value per share was $54.72, up 3% from the previous year.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
57298 M
Market cap (USD)
392,611
Daily traded volume (Shares)
82.41 / 81.635
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
