MetLife said net income available to common shareholders was $4.2 billion in 2024 compared with $1.4 billion in 2023, and adjusted earnings available to common shareholders was $5.8 billion in 2023 compared with $5.5 billion in the prior year.

1. 01

   MetLife said net income available to common shareholders was $4.2 billion in 2024 compared with $1.4 billion in 2023, and adjusted earnings available to common shareholders was $5.8 billion in 2023 compared with $5.5 billion in the prior year.

2. 02

   The company cited net investment gains of $1.6 billion and net derivative gains of $517 million as key factors in the increase of $2.8 billion in net income, and noted impairment losses on investments disposed of in connection with a reinsurance transaction that closed in November 2023.

3. 03

   MetLife said adjusted earnings increased $271 million on a reported basis, driven by market factors contributing $217 million, partially offset by the reinsurance transaction that closed in November 2023 reducing adjusted earnings by approximately $170 million and foreign currency decreasing adjusted earnings by $95 million.

4. 04

   The company said that as of December 31, 2024, it had $5.1 billion of cash and liquid assets at the holding companies and expected to generate approximately $25.0 billion in free cash flow over the next 5 years.

Key figures

Fiscal year ended December 31, 2024

Revenue

$71.0B

Operating income

$6.0B

Net income

$4.4B

EPS

$5.94

Operating cash flow

$14.6B

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.

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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