For Immediate ReleaseChicago, IL – June 14, 2024 – Today, Zacks Equity Research discusses MetLife Inc. (MET) , American International Group Inc. (AIG) , Prudential Financial Inc. (PRU) , The Hartford Financial Services Group (HIG) and Old Republic International Corp. (ORI) .Industry: Multi-line InsuranceLink: https://www.zacks.com/commentary/2287921/5-multiline-insurers-to-watch-amid-rising-insurance-demandProduct diversification helps Zacks Multiline Insurance industry players lower concentration risk, ens ...

MetLife, Inc. (MET) is reportedly in talks to acquire Hayfin Capital Management, a London-based private credit specialist, per Bloomberg. The potential deal might value Hayfin Capital Management at $1.3 billion. The company has been looking to divest its operations for the past year and has even attracted interest from several parties.Hayfin Capital Management was founded in 2019 by former Goldman Sachs executives Tim Flynn and Mark Tognolini. The company invests across the private credit spectrum, focusing ...

MetLife, Inc. (MET) is reportedly in talks to acquire Hayfin Capital Management, a London-based private credit specialist, per Bloomberg. The potential deal might value Hayfin Capital Management at $1.3 billion. The company has been looking to divest its operations for the past year and has even attracted interest from several parties.Hayfin Capital Management was founded in 2019 by former Goldman Sachs executives Tim Flynn and Mark Tognolini. The company invests across the private credit spectrum, focusing ...

MetLife, Inc. (MET) recently unveiled My Leave Navigator, a new digital tool designed to enhance the employee experience from pre-leave planning to accessing different employer-sponsored programs. This offering, integrated into MetLife's MyBenefits suite, aims to provide personalized, intuitive support for employees taking leave due to various life events, including expansion of their families, caring for family members, or recovering from an illness.The company's recent research highlights that 62% of empl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-15787 _____________________________________ MetLife, Inc. (Exact name of registrant as specified in its charter) Delaware 13-40 ...

MetLife, Inc. (MET) reported first-quarter 2024 adjusted operating earnings of $1.83 per share, which matched the Zacks Consensus Estimate. The bottom line improved 20.4% year over year.Adjusted operating revenues of MET climbed 5.5% year over year to $17 billion in the quarter under review. However, the top line missed the consensus mark by 3.8%.The quarterly earnings benefited from declining expenses and strong growth in the Asia, EMEA and Latin America segments. Strong variable investment income also add ...

Financial Data and Key Metrics Changes - MetLife reported adjusted earnings of $1.3 billion, or $1.83 per share, up 20% per share from the prior year period [11][22] - Net income for Q1 was $800 million, significantly higher than $14 million from the prior year [11] - Adjusted premium fees and other revenues (PFOs) totaled $12 billion, up 4% compared to Q1 2023, with a 5% increase on a constant currency basis [11][12] - Adjusted return on equity was 13.8%, within the target range of 13% to 15% [12] - Direct expense ratio improved to 11.9%, below the annual target of 12.3% [12][31] Business Line Data and Key Metrics Changes - Group Benefits generated $6.3 billion of adjusted PFOs, up 5% year-over-year, with adjusted earnings of $284 million impacted by seasonally high life mortality [13][22] - Retirement and Income Solutions (RIS) reported adjusted earnings of $399 million, essentially flat year-over-year, with quarterly sales of $2.7 billion, up 49% from the prior year [15][24] - Asia's adjusted earnings increased by 51%, with assets under management up 6% year-over-year [16][25] - Latin America generated adjusted earnings of $233 million, rising 8%, with adjusted PFOs up 9% [16][25] - EMEA adjusted earnings were $77 million, up 28%, driven by favorable underwriting and volume growth [26] Market Data and Key Metrics Changes - Group Benefits sales were up 25% from the prior year, reflecting strong growth across core and voluntary products [14][22] - In Asia, sales were down relative to a strong prior year quarter, but assets under management showed resilience [16][25] - Latin America continued to show momentum, particularly in Mexico and Chile, contributing to record earnings [16][25] Company Strategy and Development Direction - MetLife is focused on its "Next Horizon" strategy, emphasizing risk management and diversification across products and geographies [7][10] - The company aims to leverage emerging technologies to drive margin expansion and enhance operational consistency [20] - A thoughtful process is underway to chart the next course of strategic development, building on the established foundation [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience amid economic and geopolitical uncertainties [7][8] - The outlook for variable investment income is expected to improve in the second half of the year, with guidance of $1.5 billion for the full year [29] - The company remains committed to returning capital to shareholders while supporting organic growth [17][52] Other Important Information - MetLife announced a $3 billion increase to its share repurchase authorization, bringing the total to approximately $3.6 billion [5][17] - The company paid $377 million in dividends and repurchased nearly $1.2 billion of common stock in Q1 [17][32] - Laura Hay joined the Board of Directors, bringing extensive experience in the insurance sector [18] Q&A Session Summary Question: Can you unpack the real estate loss of 5.8%? - The loss was primarily due to appraisals and valuation, with expectations of moderation in the second quarter [37][38] Question: What is the plan for future share buybacks? - The measured pace refers to the first quarter, with a greater pace expected than in the balance of the year [39][40] Question: What is the outlook for variable investment income? - The expectation is to be towards the higher end of the range for the balance of the year [42][43] Question: Can you discuss the competitive environment in Group Benefits? - The competitive dynamics remain unchanged, with a focus on differentiation beyond price [44][46] Question: What is the outlook for pension risk transfer? - The pipeline remains robust, particularly for jumbo deals, with a disciplined approach to capital deployment [49][50] Question: How do interest rates impact structured settlement demand? - Interest rates are the primary driver of demand, with some influence from social inflation [70] Question: What is the outlook for sales in Latin America? - Sales are expected to continue growing, supported by strong persistency and favorable underwriting [73]

| --- | --- | |-------------------------------------------------------------------------------------------------------------|-------| | | | | | | | 1Q24 Supplemental Slides 1 John McCallion Chief Financial Officer and Head of MetLife Investment Management | | 1 These slides highlight information in MetLife, Inc.'s earnings release, quarterly financial supplement and other prior public disclosures. Table of contents Topic Page No. | --- | --- | |--------------------------------------------------------|------ ...

MetLife (MET) reported $17.02 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.5%. EPS of $1.83 for the same period compares to $1.52 a year ago.The reported revenue represents a surprise of -3.81% over the Zacks Consensus Estimate of $17.69 billion. With the consensus EPS estimate being $1.83, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

MetLife (MET) came out with quarterly earnings of $1.83 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this insurer would post earnings of $1.95 per share when it actually produced earnings of $1.93, delivering a surprise of -1.03%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.MetLife, which belongs to the Zacks Insu ...