Core Viewpoint - MetLife, Inc. is expected to report third-quarter 2024 results on October 30, 2024, with earnings estimated at $2.16 per share and revenues of $18.5 billion, reflecting a year-over-year earnings increase of 9.6% and revenue growth of 1.3% [1][2]. Earnings Estimates - The Zacks Consensus Estimate for total premiums in the upcoming quarter suggests a 1.4% increase year-over-year, while net investment income is projected to rise by 6.3% due to higher rates and improved variable investment income [7][2]. - For the current year, MetLife's revenue estimate stands at $73.3 billion, indicating a 2.3% year-over-year rise, with EPS expected to reach $8.58, a 17.1% increase from the previous year [2]. Performance Analysis - MetLife has had mixed results in the past four quarters, beating earnings estimates once, meeting once, and missing twice, with an average surprise of 1.3% [3]. - The company is predicted to achieve an earnings beat this quarter, supported by a positive Earnings ESP of +0.98% and a Zacks Rank of 3 (Hold) [4]. Business Drivers - Rising premiums and investment income are anticipated to positively impact MetLife's third-quarter results, particularly from improved operations in international markets, especially Asia and Latin America [6][8]. - The Asia segment is expected to benefit from favorable underwriting and improved variable investment income, while Latin America is projected to see growth from higher volumes [8]. Cost Considerations - Despite expected profit growth, rising costs and expenses may partially offset gains, with a projected 10.9% decrease in adjusted earnings for Group Benefits and a 10.5% decline in profits from the U.S. Business [9]. Stock Performance - MetLife's stock has increased by 25.7% year-to-date, outperforming the industry growth of 18.7% and the S&P 500 Index's increase of 21.9% [10]. - The stock is currently trading at 8.65X forward 12-month earnings, which is below the industry average of 9.28X, indicating a potentially attractive valuation [12]. Strategic Focus - The company is diversifying its product portfolio and revenue streams, positioning itself for long-term growth through strategic acquisitions and divestitures of less profitable assets [14]. - Cost-saving initiatives are expected to enhance margins, and a strong solvency position provides resilience in challenging market conditions [15].

Analysts on Wall Street project that MetLife (MET) will announce quarterly earnings of $2.16 per share in its forthcoming report, representing an increase of 9.6% year over year. Revenues are projected to reach $18.47 billion, increasing 1.3% from the same quarter last year. The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates d ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it b ...

Overview of the Recent Transaction On September 30, 2024, MetLife Investment Management, LLC (Trades, Portfolio) made a significant move in the financial markets by acquiring 840,000 shares of CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND (CHI, Financial). This transaction marked a new holding for the firm, purchased at a price of $11.64 per share. The total investment has a notable impact on the firm's portfolio, establishing a 0.06% position and representing 58.33% of the total shares held in CHI. MetLi ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a ...

MetLife, Inc. (NYSE: MET ) is one of the largest life insurers in the United States and has built a good reputation in the insurance industry for years. Insurers receive a steady stream of I'm a passionate investor from the Netherlands with 12 years of stock market experience. My articles usually contain a good overview of important investment criteria. A stock for my portfolio is of interest to me if the company has the following characteristics:1. Companies that are growing in both revenue, earnings and f ...

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has MetLife (MET) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.MetLife is one of 859 individual stocks in the Finance sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within ...

Core Insights - The focus is on value investing as a successful strategy across various market environments, emphasizing the importance of key valuation metrics to identify undervalued stocks [1] Company Summary: MetLife (MET) - MetLife currently has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [2] - The stock is trading at a P/E ratio of 7.96, which is lower than the industry average of 8.80, with a historical range of 6.52 to 9.03 over the past year [2] - MetLife's PEG ratio stands at 0.55, which is comparable to the industry average of 0.59, with a historical range of 0.49 to 0.73 [2] - The P/B ratio for MetLife is 1.92, which is attractive compared to the industry average of 2.58, with a historical range of 1.58 to 1.98 [3] - The P/S ratio for MetLife is 0.78, compared to the industry average of 0.96, indicating potential undervaluation [3] - Overall, these metrics suggest that MetLife is likely undervalued, making it a strong candidate for value investment [3]

Core Viewpoint - MetLife, Inc. is experiencing growth driven by a strong Group Benefits business, strategic acquisitions, partnerships, cost-cutting measures, and a solid cash position [1] Financial Performance - MetLife holds a Zacks Rank 2 (Buy) and has seen a stock price increase of 10% over the past three months, outperforming the industry growth of 5.3% [2] - The Zacks Consensus Estimate for MetLife's 2024 earnings is $8.67 per share, reflecting an 18.3% increase from 2023, with revenues expected to reach $73.2 billion, a 2% rise from 2023 [4] - The 2025 earnings estimate is $9.83 per share, indicating a 13.4% improvement from 2024, with revenues projected at $76.5 billion, a 4.6% increase from 2024 [4] Valuation Metrics - MetLife's price-to-book (P/B) ratio stands at 1.92, compared to the multiline industry average of 2.57, indicating that the stock is currently undervalued [5] Operational Efficiency - The return on equity for MetLife is 21.4%, surpassing the industry average of 16.2%, demonstrating effective utilization of shareholders' funds [6] - The company has improved its direct expense ratio by 230 basis points from 2015 to 2020, maintaining it below the guided 12.3% in the first half of 2024 [8] Revenue Growth Drivers - MetLife's Group Benefits business has seen a 4% year-over-year increase in premiums during the first half of 2024, with strong growth also noted in the EMEA and Latin America segments [7] - The company is focusing on strategic acquisitions and partnerships, such as Versant Health and PetFirst, to enhance its offerings in vision care and pet insurance [7] Strategic Initiatives - MetLife is diversifying its portfolio through private credit investments, including the acquisition of Raven Capital and a collaboration with Fidelity Investments on fixed immediate income annuities [8] - The company is reducing volatility by divesting capital-intensive units and concentrating on high-growth areas [8] Liquidity Position - As of June 30, 2024, MetLife has a strong liquidity position with $20.8 billion in cash and cash equivalents, significantly overshadowing its short-term debt of $390 million [9] - The company approved a 4.8% dividend increase in April 2024, reflecting its financial strength and commitment to shareholder returns [9]

MetLife, Inc. Conference Call Summary Company Overview - **Company**: MetLife, Inc. (NYSE: MET) - **Participants**: Michel Kalaf (President and CEO), John McCallion (CFO and Head of MetLife Investment Management) Key Industry Insights - **Five-Year Strategy**: MetLife is completing its "Next Horizon" strategy and will introduce a new strategy called "New Frontier" [2][6] - **Market Environment**: The life insurance industry has shifted from historically low interest rates and pandemic challenges to a more stable economy with rebounding interest rates and technological advancements [3][4] - **Demographic Trends**: Population shifts are contributing to renewed growth momentum in the industry [5] Financial Performance Highlights - **Performance Metrics**: MetLife is on track to exceed commitments made during the Next Horizon period, including: - $20 billion in distributable cash [5] - $1 billion in operating leverage for growth and technology [5] - ROE exceeding the target of 13% to 15%, currently at 15.5% [8][10] - Free cash flow targets consistently exceeded [5] New Frontier Strategy - **Growth Focus**: The New Frontier strategy aims to build on the successes of the Next Horizon period, focusing on growth and performance consistency [6][7] - **Business Reshaping**: MetLife has made strategic acquisitions and divestitures to lower risk and enhance growth potential [7] Group Benefits Segment - **Competitive Environment**: The group benefits market is competitive but rational, with a focus on building capabilities beyond pricing [17] - **Growth Strategy**: MetLife targets mid-single-digit premium and fee growth, achieving over $6 billion in PFOs during the Next Horizon period [19][20] - **Customer Complexity**: Employers face increasing complexity in benefits management, presenting opportunities for MetLife to offer comprehensive solutions [21][22] Retirement Income Solutions (RIS) - **Spread Business**: MetLife has seen healthy growth in its spread-based liabilities, with a target growth rate of 2% to 4% annually [33][34] - **Market Opportunities**: The company is focused on jumbo pension risk transfer (PRT) business and structured settlements, with a strong pipeline for growth [35][36] International Markets - **Japan**: MetLife has a strong presence in Japan, with premium income growth exceeding market growth. The company is adapting to currency fluctuations and increasing demand for yen-denominated products [38][39][40][41] - **Latin America**: MetLife is a market leader in LATAM, with significant growth driven by diversification and strong distribution capabilities [42][43][44][46] Commercial Real Estate Portfolio - **Performance**: The commercial mortgage loan portfolio is performing as expected, with a low loan-to-value ratio and manageable charge-off expectations [48][49][50] Capital Management Strategy - **Balanced Approach**: MetLife maintains a balanced approach to capital management, prioritizing organic growth, dividends, buybacks, and strategic M&A opportunities [57][59] Conclusion - MetLife is positioned for continued growth and performance improvement through its strategic initiatives, strong market presence, and focus on customer needs across various segments and regions. The company is optimistic about future opportunities while maintaining a disciplined approach to capital management.