MetLife (MET) came out with quarterly earnings of $1.96 per share, missing the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $1.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.51%. A quarter ago, it was expected that this insurer would post earnings of $2.13 per share when it actually produced earnings of $2.08, delivering a surprise of -2.35%.Over the last four quarters, the company has surpa ...

Table of Contents Exhibit 99.2 First Quarter Financial Supplement March 31, 2025 1 Table of Contents | METLIFE | | | --- | --- | | TABLE OF CONTENTS | | | GAAP CONSOLIDATED STATEMENTS OF OPERATIONS | 2 | | CORPORATE OVERVIEW | 3 | | KEY ADJUSTED EARNINGS STATEMENT LINE ITEMS | 5 | | EXPENSE DETAIL AND RATIOS | 7 | | GAAP CONSOLIDATED BALANCE SHEETS | 8 | | SUMMARY OF ADJUSTED EARNINGS AVAILABLE TO COMMON SHAREHOLDERS | 9 | | Group Benefits | | | Statements of Adjusted Earnings Available to Common Shareholde ...

Leading global insurer MetLife, Inc. (MET) is set to report first-quarter 2025 results on April 30, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $1.99 per share on revenues of $18.21 billion. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The first-quarter earnings estimate has declined over the past 60 days. However, the bottom-line projection indicates a year-over-year increase of 8.7%. The Zacks Consensus Esti ...

The upcoming report from MetLife (MET) is expected to reveal quarterly earnings of $1.99 per share, indicating an increase of 8.7% compared to the year-ago period. Analysts forecast revenues of $18.21 billion, representing an increase of 7% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 2.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe ...

Partnership with Leading Insurers Helps Turbocharge Company's Continued GrowthNEW YORK, April 15, 2025 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced today that it has executed an up to $700 million forward-flow facility. New York Life, the largest1 mutual life insurance company in the United States, was the Loan Arranger and lead investor along with MetLife Investment Management (MIM), the institutional asset ma ...

Group 1 - MetLife, Inc. has partnered with SKYGEN to improve the digital experience for dental providers, focusing on simplifying credentialing and provider interactions [1][2] - The integration of SKYGEN's Dental Hub will provide a centralized platform for managing credentialing and directory updates, reducing paperwork and stress for providers [2] - This initiative is expected to enhance provider relationships, leading to better service for policyholders and reinforcing MetLife's position in the dental insurance market [3] Group 2 - A streamlined credentialing system will lower administrative costs, speed up processing times, and improve claims management, resulting in quicker reimbursements for providers and patients [4] - An improved provider experience is likely to attract more dental professionals to MetLife's network, expanding the provider base and enhancing policyholder satisfaction, which contributes to premium revenue growth [4] Group 3 - MetLife shares have increased by 3.1% over the past year, compared to a 12.5% growth in the broader industry [5]

In terms of dividend growth, the company's current annualized dividend of $2.18 is up 1.2% from last year. Over the last 5 years, MetLife has increased its dividend 5 times on a year-over-year basis for an average annual increase of 4.31%. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend. MetLife's current payout ratio is 27%. This means it paid out 27% of its t ...

Core Insights - MetLife has launched a new business unit named MetLife Xcelerator in Latin America, which is part of its New Frontier strategy aimed at enhancing digital distribution and strategic partnerships in the insurance sector [1][2] - The New Frontier strategy is projected to support double-digit growth in adjusted earnings per share and deliver a 15-17% adjusted return on equity, with plans to expand into high-growth international markets [2] - The Xcelerator platform integrates insurance products into digital platforms, achieving 4.5 million active customers and generating over $200 million in premiums, fees, and other income since its launch in November 2023 [3][4] Business Strategy - MetLife aims to leverage technology and an agile startup-like model to scale operations across Latin America, improving customer experience and broadening insurance inclusion in regions with traditionally low penetration [4][5] - The initiative positions MetLife as a leader in digital insurance innovation, providing a competitive edge in a rapidly evolving industry [5] Market Performance - MetLife shares have increased by 13.1% over the past year, outperforming the industry growth of 6.7% [6]

Core Viewpoint - MetLife's recent earnings report showed mixed results, with adjusted operating earnings per share (EPS) missing estimates but showing year-over-year growth. The company faces challenges in certain segments, particularly in the Group Benefits and Retirement and Income Solutions (RIS) units, while some areas like Asia performed well [2][3][9]. Financial Performance - Adjusted operating EPS for Q4 2024 was $2.08, missing the Zacks Consensus Estimate by 2.4%, but increased by 7.8% year over year [2]. - Adjusted operating revenues reached $19.7 billion, a 5.4% increase year over year, surpassing consensus estimates by 2.7% [2]. - Total expenses were $17.3 billion, down 4.4% year over year, attributed to lower interest credited to policyholder accounts and reduced interest expenses [5]. Segment Analysis - Group Benefits segment reported adjusted earnings of $416 million, down 11% year over year, but above the consensus estimate [7]. - RIS segment's adjusted earnings fell 8% year over year to $386 million, missing estimates due to reduced margins [8]. - Asia's adjusted earnings grew 50% year over year to $443 million, exceeding estimates, although adjusted PFOs declined by 4% [9]. - Latin America reported adjusted earnings of $201 million, a 3% decrease year over year, but a 10% increase on a constant currency basis [10]. - EMEA segment's adjusted earnings increased 26% year over year to $59 million, though it was below consensus estimates [11]. Capital and Equity - As of December 31, 2024, MetLife had cash and cash equivalents of $20.1 billion, a decline of 2.8% from the previous year [13]. - Total equity fell 8.4% year over year to $27.7 billion, with book value per share at $34.28, down 4.4% [14]. Future Outlook - Management anticipates variable investment income of $1.7 billion for 2025 and expects adjusted losses in the Corporate & Other segment to be between $850 million and $950 million [16]. - Over the next three years, adjusted PFOs in the Group Benefits business are projected to rise by 4-7%, while declines are expected in the MetLife Holdings segment [17]. - The company aims for an adjusted return on equity in the range of 15-17% and double-digit adjusted EPS growth in the near term [18]. Market Position - MetLife's stock has a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [22]. - The company is part of the Zacks Insurance - Multi line industry, which has seen varied performance among peers, such as Everest Group, which reported significant revenue growth but faced challenges in EPS [23][24].

Strategy and Growth - MetLife is executing its New Frontier strategy to accelerate growth across four key areas: Group Benefits, retirement platform, Asset Management, and high growth international markets [25]. - The company is committed to executing its strategy while delivering attractive returns and all-weather performance [25]. Market Position and Operations - MetLife holds leading market positions in the U.S., Asia, Latin America, Europe, and the Middle East, and is one of the largest institutional investors in the U.S. [24]. - MetLife's Asia operations are geographically diverse, operating in nine jurisdictions with Japan being the largest market [43]. - The company employs a multi-channel distribution strategy in Latin America, with significant operations in Mexico and Chile [46]. - In EMEA, MetLife focuses on niche market segments, with major operations in the Gulf region, the U.K., and France [49]. Product Offerings - The Group Benefits segment offers a variety of insurance products, including life insurance, dental, and disability insurance, with a focus on voluntary products to increase sales [34]. - The Retirement and Income Solutions segment provides funding and financing solutions for institutional customers, focusing on employee benefit program liabilities [39]. - The company offers a wide range of life insurance products, including whole and term life, endowments, and variable life products [45]. - MetLife's retirement and savings products include fixed and variable annuities, primarily offered in Chile under a mandatory privatized social security system [48]. Risk Management and Financial Stability - MetLife's financial results are subject to various risks, including economic conditions, credit ratings, and regulatory changes, which may impact future performance [15]. - The company utilizes a variety of underwriting and pricing management controls to assess and quantify insurance risks [60]. - MetLife's pricing strategies are based on expected benefits payouts, considering factors such as mortality, longevity, and investment returns [65]. - MetLife's reinsurance agreements are designed to limit losses and provide additional capacity for future growth, covering individual and group risks [69]. Regulatory Environment - Regulatory frameworks in the U.S. and internationally impose various capital and operational requirements on MetLife's insurance businesses [72]. - The Financial Stability Oversight Council (FSOC) adopted final guidance in 2023 for designating certain financial companies as non-bank SIFIs, simplifying the designation process and potentially increasing regulatory scrutiny [75]. - The NAIC increased the RBC factor for structured security residual tranches from 30% to 45%, effective for year-end 2024 RBC filings, with an immaterial impact on RBC [86]. - The NAIC's group capital calculation tool is now mandated by most states, including New York, which may impact MetLife's business operations [87]. Capital and Solvency - MetLife's Statement-Based Combined RBC Ratio was over 360% and 380% at December 31, 2024 and 2023, respectively, indicating strong capital adequacy [84]. - State insurance statutes restrict dividend payments from insurance subsidiaries to the parent company, requiring regulatory approval for distributions exceeding prescribed limits [83]. - The EEA insurance business is governed by the Solvency II Directive, which promotes comparability and transparency in capital adequacy and risk management [102]. Employee and Talent Management - As of December 31, 2024, the company had approximately 45,000 employees, emphasizing the importance of attracting and retaining skilled talent [163]. - MetLife emphasizes a purpose-driven and inclusive culture to align with business objectives through global forums and employee feedback mechanisms [24]. - The company offers a digitally enabled learning platform, MyLearning, and an AI Academy to enhance employee skills and development [24]. - MetLife maintains a pay-for-performance philosophy linking employee compensation to individual and company performance [24]. Economic and Market Risks - MetLife's risk factors include economic conditions, interest rate fluctuations, and market volatility, which may adversely affect financial performance [172]. - The company faces interest rate risks that could impact profitability and investment returns, particularly during periods of rising rates [178]. - Changes in credit spreads and equity market volatility may affect MetLife's investment income and product revenues [183][184]. - Increased default rates on fixed income securities and mortgage loans may occur due to economic downturns and widening credit spreads, impacting cash flows [189]. Environmental and Regulatory Compliance - The company is subject to extensive environmental laws and regulations, which may impact its operations but are not expected to have a material adverse effect [150]. - The NAIC has adopted a standard for insurance companies to report climate-related risks, applicable to insurers with over $100 million in direct premium [131]. - In 2023, California established climate disclosure requirements for companies meeting revenue thresholds, with MetLife in compliance [134]. - The EU's Corporate Sustainability Reporting Directive requires companies to report on sustainability-related financial risks, with the first reports due in 2025 [135].