MetLife said its net income for Q1 2024 was $800 million ($1.10 per share), compared with $14 million ($0.02 per share) in the prior-year period. Adjusted earnings were $1.3 billion ($1.83 per share), compared with $1.2 billion ($1.52 per share) in the prior-year period.

1. 01

   MetLife said its net income for Q1 2024 was $800 million ($1.10 per share), compared with $14 million ($0.02 per share) in the prior-year period. Adjusted earnings were $1.3 billion ($1.83 per share), compared with $1.2 billion ($1.52 per share) in the prior-year period.

2. 02

   MetLife said net investment income for Q1 rose 17% from the prior-year period to $5,436 million from $4,645 million. Net derivative losses in the same quarter were $979 million, and net investment losses were $375 million.

3. 03

   The company said Asia adjusted earnings rose 51% to $423 million in Q1 2024, while Group Benefits fell 7% to $284 million. RIS was $399 million, essentially flat from the prior-year period.

4. 04

   The company said holding company cash and liquid assets were $5.2 billion as of March 31, 2024, above the target cash buffer of $3.0 to $4.0 billion. On May 1, 2024, its Board of Directors approved a new $3 billion authorization to repurchase common stock.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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