MetLife (MET) Q4 Earnings Miss on High Costs & Weak EMEA Unit

MetLife, Inc. (MET) reported fourth-quarter 2023 adjusted operating earnings of $1.93 per share, which fell short of the Zacks Consensus Estimate by 1%. The bottom line improved 21% year over year.Adjusted operating revenues of MET climbed 21.5% year over year to $18.7 billion in the quarter under review. The top line outpaced the consensus mark by 3.6%.The quarterly results suffered due to an elevated expense level, market risk benefit remeasurement losses and feeble contributions from the Europe, the Midd ...