Financial Data and Key Metrics Changes - The company reported quarterly adjusted earnings of $1.4 billion, or $1.83 per share, with adjusted earnings per share, excluding notable items, at $1.93, up 21% from $1.59 a year ago [8][19] - For the full year 2023, adjusted earnings, excluding notable items, reached $5.6 billion, with adjusted net investment income growing 9% year-over-year to almost $20 billion [8][9] - The adjusted return on equity for the year was 13.8%, achieving the target for this key metric [6][11] Business Line Data and Key Metrics Changes - Group Benefits posted adjusted earnings of $1.6 billion, up 22% from the prior year, with sales gaining 9% and adjusted PFOs rising approximately 5% [9][20] - Retirement and Income Solutions (RIS) adjusted earnings were $421 million, up 10% year-over-year, with adjusted PFOs, excluding pension risk transfers, up 75% year-over-year [21][22] - Asia's adjusted earnings were $296 million, up 12%, with full-year sales up 13%, exceeding guidance [22][24] - Latin America adjusted earnings were $207 million, up 13%, with adjusted PFOs up 29% [24][25] Market Data and Key Metrics Changes - The company ended the year with $5.2 billion of cash and liquid assets, comfortably above the target cash buffer of $3 billion to $4 billion [13][31] - The RBC ratio for U.S. companies is expected to be approximately 400%, above the target of 360% [32][34] - The company anticipates continued strong performance in the pension risk transfer market, with a strong pipeline for 2024 [10][70] Company Strategy and Development Direction - The company emphasized its "Next Horizon" strategy, which aims for an adjusted return on equity of 13% to 15% and a direct expense ratio target of 12.3% for 2024 [12][34] - The company plans to maintain a disciplined approach to capital management, focusing on responsible growth and returning capital to shareholders when organic growth opportunities are not available [13][16] - The company is adjusting its investment strategy to consider higher yielding assets in response to the current rate environment [56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to navigate uncertainties, including inflation and geopolitical events [14][42] - The outlook for 2024 includes expectations for continued growth in Group Benefits and a strong performance in Asia and Latin America [40][41] - Management acknowledged the challenges posed by a changing interest rate environment but remains optimistic about the company's diversified portfolio and cash flow generation [42] Other Important Information - The company returned $4.7 billion to shareholders through dividends and share repurchases in 2023 [6][12] - The effective tax rate on adjusted earnings was approximately 19%, reflecting favorable tax benefits [26] Q&A Session Summary Question: ROE target and potential upside - Management acknowledged that current trends suggest the possibility of exceeding the upper end of the ROE target range but prefers to reassess after a year [44][45] Question: RBC ratio expectations - Management explained that while the reinsurance transaction was expected to improve the RBC ratio, other factors such as growth and fungibility also influenced the final figure [46][47] Question: Consolidated recurring NII outlook for 2024 - Management indicated that while NII is a helpful metric, they are cautious about providing specific targets due to the variability of different products [49][50] Question: Impact of interest rate caps and VII - Management suggested that the impact of rolling off interest rate caps and the emergence of VII will likely offset each other, leading to relatively flat spreads [52][53] Question: Group Benefits margin improvement - Management attributed the margin improvement to a favorable business mix and strong growth in voluntary products, while noting that the favorable life ratio in Q4 was not expected to be a long-term trend [58][60]

1 4Q23 Supplemental Slides and Outlook John McCallion Chief Financial Officer 1 These slides highlight information in MetLife, Inc.'s earnings release, quarterly financial supplement and other prior public disclosures. Financial results in this presentation reflect LDTI accounting, pursuant to Financial Accounting Standa ...

For the quarter ended December 2023, MetLife (MET) reported revenue of $18.72 billion, up 18.2% over the same period last year. EPS came in at $1.93, compared to $1.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $18.07 billion, representing a surprise of +3.61%. The company delivered an EPS surprise of -1.03%, with the consensus EPS estimate being $1.95.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

分组1 - MetLife reported quarterly earnings of $1.93 per share, missing the Zacks Consensus Estimate of $1.95 per share, but showing an increase from $1.55 per share a year ago, resulting in an earnings surprise of -1.03% [1] - The company posted revenues of $18.72 billion for the quarter, exceeding the Zacks Consensus Estimate by 3.61%, and up from $15.84 billion year-over-year, having topped revenue estimates three times in the last four quarters [1] - The current consensus EPS estimate for the upcoming quarter is $2.14 on revenues of $18.04 billion, and for the current fiscal year, it is $9.09 on revenues of $73.88 billion [4] 分组2 - The Zacks Industry Rank for Insurance - Multi line is in the top 45% of over 250 Zacks industries, indicating that the industry is performing well [5] - Everest Group, another company in the same industry, is expected to report quarterly earnings of $14.63 per share, reflecting a year-over-year change of +19.8%, with revenues anticipated to be $4.01 billion, up 25.5% from the previous year [5][6]

NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that Executive Vice President and Chief Financial Officer John McCallion has provided a fourth quarter and full year 2023 financial update video. The video can be viewed on the company's website at https://www.metlife.com/about-us/newsroom/#video. About MetLife MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employ ...

NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that it has been named to Fortune magazine’s 2024 list of the “World’s Most Admired Companies.” This year’s list included eight life insurers in the annual report card of the best-regarded companies. Annually, Fortune partners with Korn Ferry to rank companies by their corporate reputation. Corporate executives, directors, and analysts are asked to rate enterprises in their own industry on nine criteria, from investment value and qualit ...

Investors are always looking for stocks that are poised to beat at earnings season and MetLife, Inc. (MET) , may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because MetLife is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indica ...

MetLife, Inc. (MET) is poised to surpass fourth-quarter 2023 earnings expectations. The results, to be announced on Jan 31, after the closing bell, are anticipated to reflect sustained growth in net investment income and profits from most of the international operations.What Do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.95 suggests a 25.8% increase from the prior-year figure of $1.55. The consensus mark has remained stable over the past week. The consensus est ...

Analysts on Wall Street project that MetLife (MET) will announce quarterly earnings of $1.95 per share in its forthcoming report, representing an increase of 25.8% year over year. Revenues are projected to reach $18.07 billion, increasing 14.1% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period ...

The market expects MetLife (MET) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 31, 2024, might help the stock move higher if these key numbers are b ...