MetLife said net income available to MetLife, Inc.'s common shareholders was $1.3 billion for the 3 months ended September 30, 2024 and $3.0 billion for the 9 months, compared with $422 million and $806 million a year earlier, respectively.

10-QQuarterly reportFiled Nov 1, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

MetLife said net income available to MetLife, Inc.'s common shareholders was $1.3 billion for the 3 months ended September 30, 2024 and $3.0 billion for the 9 months, compared with $422 million and $806 million a year earlier, respectively.
The company said adjusted earnings available to common shareholders were $1.4 billion for the 3 months and $4.3 billion for the 9 months, down $113 million over the 3 months. It cited factors including a reduction of about $50 million from the reinsurance transaction in the MetLife Holdings segment.
The company said net income rose $853 million over the 3 months, driven mainly by favorable changes in net investment gains (losses) of $850 million and net derivative gains (losses) of $2.0 billion, partially offset by an unfavorable change in market risk benefit remeasurement (gains) losses of $1.3 billion.
As of September 30, 2024, MetLife said its short-term liquidity was $20.2 billion and its liquid assets were $182.7 billion, compared with $19.2 billion and $182.6 billion as of December 31, 2023, respectively.

Key figures

Quarter ended September 30, 2024

Revenue: $18.4B
Net income: $1.3B
EPS: $1.81

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly and 9-Month Net Income Available to Common Shareholders

MetLife said net income available to MetLife, Inc.'s common shareholders was $1.3 billion for the 3 months ended September 30, 2024 and $3.0 billion for the 9 months, compared with $422 million and $806 million a year earlier, respectively.

Source · Based on the MD&A text of the filing

Adjusted Earnings and 3-Month Decline Drivers

The company said adjusted earnings available to common shareholders were $1.4 billion for the 3 months and $4.3 billion for the 9 months, down $113 million over the 3 months. It cited factors including a reduction of about $50 million from the reinsurance transaction in the MetLife Holdings segment.

Source · Based on the MD&A text of the filing

Drivers of 3-Month Net Income Increase

The company said net income rose $853 million over the 3 months, driven mainly by favorable changes in net investment gains (losses) of $850 million and net derivative gains (losses) of $2.0 billion, partially offset by an unfavorable change in market risk benefit remeasurement (gains) losses of $1.3 billion.

Source · Based on the MD&A text of the filing

Short-Term Liquidity and Liquid Assets Balances

As of September 30, 2024, MetLife said its short-term liquidity was $20.2 billion and its liquid assets were $182.7 billion, compared with $19.2 billion and $182.6 billion as of December 31, 2023, respectively.

Source · Based on the MD&A text of the filing

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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