Compared to Estimates, MetLife (MET) Q3 Earnings: A Look at Key Metrics

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]