Core Insights - Albert Anthony is a Croatian-American media personality and financial contributor, reaching over 1 million investors globally since 2023 [1] - His content on Seeking Alpha averages over 25,000 views monthly, focusing on stock analysis and dividend income portfolio building [1] - In addition to financial media, he has participated in city council politics in Croatia and ran for Parliament in 2024 [1] Company and Industry Analysis - Albert Anthony provides curated analysis of stocks trading on major US exchanges, offering a forward-looking perspective on stock performance [1] - He has experience in financial services, having worked at Charles Schwab and completed certifications from various prestigious institutions [1] - His involvement in the Croatian Economic Association indicates a commitment to economic discourse and policy development [1]

Financial Performance - Total revenues for Q3 2024 were $18,440 million, an increase of 16% compared to $15,866 million in Q3 2023[16]. - Net investment income rose to $5,227 million in Q3 2024, up 8.4% from $4,825 million in Q3 2023[16]. - Net income attributable to MetLife, Inc. for Q3 2024 was $1,342 million, significantly higher than $489 million in Q3 2023, representing a 174% increase[16]. - Basic earnings per share for Q3 2024 were $1.82, compared to $0.56 in Q3 2023, reflecting a 225% increase[16]. - Comprehensive income for Q3 2024 was $4,838 million, a recovery from a loss of $3,373 million in Q3 2023[16]. - Total revenues for the three months ended September 30, 2024, were $18,440 million, an increase from $17,614 million in the previous period, representing a growth of 4.7%[44]. - Adjusted earnings for the quarter were $1,442 million, showing a decrease from $1,624 million, which is a decline of 11.2%[44]. - Total revenues for the nine months ended September 30, 2024, amounted to $53.313 billion, a decrease of $993 million compared to the previous period[48]. - Adjusted earnings for the period were $4.505 billion, with a decrease of $542 million compared to the previous year[48]. - The company reported net income of $3.169 billion for the period[48]. Investment and Assets - Total investments increased to $455.283 billion as of September 30, 2024, compared to $446.137 billion at December 31, 2023, reflecting a growth of approximately 2.57%[14]. - Total assets reached $704.976 billion, compared to $687.584 billion, marking an increase of about 2.00%[14]. - Cash and cash equivalents rose to $21.765 billion, up from $20.639 billion, indicating an increase of approximately 5.46%[14]. - The total balance of separate accounts at the end of September 30, 2024, was $40,448 million, a decrease from $48,265 million at the beginning of the period[121]. - Total fixed maturity securities amounted to $64,250 million as of September 30, 2024, compared to $62,193 million in the previous year, reflecting an increase of approximately 3.3%[123]. - The total amount of U.S. government and agency bonds was $19,611 million, while foreign government bonds reached $5,388 million[125]. - The total amount of corporate bonds in the energy sector was $1,018 million, highlighting investment in this industry[125]. Policyholder Accounts and Benefits - Policyholder account balances increased to $224.609 billion from $219.269 billion, representing a growth of approximately 2.00%[14]. - Policyholder benefits and claims decreased to $10,597 million in Q3 2024 from $11,130 million in Q3 2023, a decline of 4.8%[16]. - Policyholder benefits and claims totaled $32.601 billion, with a slight decrease of $30 million from the previous period[48]. - The total policyholder account balances increased to $224,609 million as of September 30, 2024, up from $219,269 million at the end of December 2023, representing a growth of about 2.9%[82]. Liabilities and Equity - The company reported a decrease in total liabilities to $673.812 billion from $657.331 billion, a reduction of approximately 2.53%[14]. - MetLife, Inc.'s stockholders' equity grew to $30.885 billion from $30.015 billion, reflecting an increase of approximately 2.89%[14]. - Retained earnings increased to $41.765 billion from $40.146 billion, showing a growth of about 4.03%[14]. - The market risk benefits at estimated fair value were $3.117 billion, slightly down from $3.179 billion, indicating a decrease of about 1.95%[14]. Segment Performance - The company is organized into six segments: Group Benefits, Retirement and Income Solutions, Asia, Latin America, EMEA, and MetLife Holdings, indicating a diversified operational structure[24]. - The Group Benefits segment offers a range of products including life insurance, dental, and disability insurance, targeting corporations and their employees[33]. - The RIS segment provides life and annuity-based insurance and investment products, including pension risk transfer products and structured settlements[34]. - The Asia segment offers life insurance, accident & health insurance, and retirement savings products to individuals and corporations[35]. - The Latin America segment includes life insurance, retirement savings, and credit insurance products for individuals and corporations[36]. - The EMEA segment provides life insurance and retirement products to individuals and corporations[37]. Cash Flow and Operating Activities - Net cash provided by operating activities for the nine months ended September 30, 2024, was $9,987 million, compared to $8,539 million for the same period in 2023, representing an increase of 17.0%[22]. - Net cash used in investing activities was $(6,129) million for the nine months ended September 30, 2024, compared to $(10,822) million in 2023, indicating a reduction in cash outflow of 43.0%[22]. Derivatives and Risk Management - The total gross notional amount of derivatives was $290,446 million, with estimated assets of $8,172 million and fair value liabilities of $6,357 million[194]. - The company utilized derivatives to hedge variable annuity guarantees, with a gross notional amount of $9,092 million and estimated assets of $13 million as of September 30, 2024[196]. - The estimated fair value of interest rate swaps designated as hedging instruments was $1,654 million in assets and $1,062 million in liabilities as of September 30, 2024[194]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[44]. - The company is focusing on market expansion and new product development to enhance future growth prospects[46].

Core Insights - MetLife, Inc. reported third-quarter 2024 adjusted operating earnings of $1.93 per share, missing the Zacks Consensus Estimate by 10.7%, and a 1% decline year over year [1] - Adjusted operating revenues were $17.6 billion, down 3.4% year over year, also missing the consensus mark by 4.7% [1] Financial Performance - Total expenses increased to $16.4 billion, up 7.3% year over year, primarily due to higher interest credited to policyholder account balances [4] - Adjusted net investment income rose 2% year over year to $5.1 billion, supported by rising rates and asset growth [3] - Net income more than doubled year over year to $1.3 billion, while adjusted return on equity decreased by 30 basis points to 14.6% [5] Segment Analysis - Group Benefits segment adjusted earnings fell 27% year over year to $373 million, missing the consensus estimate [6] - RIS segment adjusted earnings increased 0.4% year over year to $472 million, beating the consensus mark [7] - Asia segment adjusted earnings grew 11% year over year to $306 million but missed the consensus estimate [8] - Latin America segment adjusted earnings rose 11% year over year to $221 million, lagging the consensus mark [9] - EMEA segment adjusted earnings declined 20% year over year to $70 million, exceeding the consensus estimate [10] - MetLife Holdings segment adjusted earnings dropped 13% year over year to $182 million, beating the consensus mark [11] - Corporate & Other segment incurred an adjusted loss of $249 million, an improvement from the prior year's loss [12] Balance Sheet and Capital Deployment - As of September 30, 2024, MetLife had cash and cash equivalents of $14.9 billion, down 27.7% from the end of 2023 [13] - Total assets decreased by 5.2% to $652.1 billion, while total equity fell 14.4% to $25.9 billion [13] - The company repurchased shares worth $0.8 billion in the third quarter and plans additional repurchases of approximately $130 million in October 2024 [15] 2024 Outlook - Management anticipates variable investment income of $1.5 billion for 2024, with adjusted losses in Corporate & Other expected between $750 million and $850 million [16] - Adjusted earnings in the Asia segment are projected to grow by 20% [17] - Near-term targets include a 4-6% increase in adjusted PFOs for Group Benefits and MetLife Holdings segments over the next three years [18] - The company aims for an adjusted return on equity of 13-15% and a free cash flow ratio of 65-75% of adjusted earnings [19]

Core Insights - MetLife reported revenue of $17.61 billion for the quarter ended September 2024, a decrease of 3.4% year-over-year, and EPS of $1.93, down from $1.97 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $18.47 billion by 4.66%, and the EPS was 10.65% below the consensus estimate of $2.16 [1] Financial Performance Metrics - Total Adjusted Revenue for Latin America was $1.93 billion, slightly below the estimated $1.98 billion, reflecting a year-over-year increase of 4.4% [3] - Adjusted Revenue for Corporate & Other Premiums reported a loss of $6 million, significantly lower than the estimated $16.67 million, marking a year-over-year decline of 166.7% [3] - Total Adjusted Revenue for Asia was $2.84 billion, below the estimated $3.02 billion, with a year-over-year increase of 2.8% [3] - Net investment income was reported at $5.23 billion, exceeding the estimated $5.13 billion, with a year-over-year increase of 6.9% [3] - Revenue from Universal life and investment-type product policy fees was $1.23 billion, below the estimated $1.33 billion, representing a year-over-year decline of 8% [3] - Adjusted Revenue for MetLife Holdings Premiums was $673 million, below the estimated $688.58 million, with a year-over-year decrease of 1.8% [3] - Adjusted Revenue for MetLife Holdings Net investment income was $981 million, below the estimated $1.01 billion, reflecting a year-over-year decline [3] Stock Performance - MetLife shares have returned +1.3% over the past month, compared to the Zacks S&P 500 composite's +1.8% change, with a current Zacks Rank of 3 (Hold) indicating potential performance in line with the broader market [3]

Core Insights - MetLife reported quarterly earnings of $1.93 per share, missing the Zacks Consensus Estimate of $2.16 per share, and showing a decrease from $1.97 per share a year ago, resulting in an earnings surprise of -10.65% [1] - The company posted revenues of $17.61 billion for the quarter ended September 2024, which was 4.66% below the Zacks Consensus Estimate and down from $18.24 billion year-over-year [2] - MetLife's stock has increased by approximately 25.3% since the beginning of the year, outperforming the S&P 500's gain of 22.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.30, with expected revenues of $19.17 billion, and for the current fiscal year, the EPS estimate is $8.58 on revenues of $73.34 billion [7] - The estimate revisions trend for MetLife is mixed, leading to a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Insurance - Multi line industry, to which MetLife belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - American International Group (AIG), another company in the same industry, is expected to report a quarterly earnings decline of 29.8% year-over-year, with revenues anticipated to drop by 41.7% from the previous year [9][10]

Table of Contents Exhibit 99.2 Third Quarter Financial Supplement September 30, 2024 3 Table of Contents 1 | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------| | | | | METLIFE TABLE OF CONTENTS | | | GAAP CONSOLIDATED STATEMENTS OF OPERATIONS | 2 | | CORPORATE OVERVIEW | 3 | | KEY ADJUSTED EARNINGS STATEMENT LINE ITEMS | 5 | | EXPENSE DETAI ...

MetLife, Inc. (MET) is set to report third-quarter 2024 results on Oct. 30, 2024, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $2.16 per share on revenues of $18.5 billion.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The third-quarter earnings estimate has witnessed downward revisions over the past 60 days. However, the bottom-line projection indicates a year-over-year increase of 9.6%. The Zacks Consensus E ...

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 ...