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 ...

Table of Contents Exhibit 99.2 First Quarter Financial Supplement March 31, 2024 ...

MetLife, Inc. (MET) is slated to release first-quarter 2024 results on May 1, after market close. Higher premiums, variable investment income and increased volumes across Group Benefits and Latin America units are likely to have worked well for the company, partly undone by rising costs.Factors to NoteIn the first quarter, revenues of MetLife are expected to have benefited on the back of higher premiums and net investment income. The Zacks Consensus Estimate for premiums is pegged at $10.9 billion, which in ...

Wall Street analysts forecast that MetLife (MET) will report quarterly earnings of $1.83 per share in its upcoming release, pointing to a year-over-year increase of 20.4%. It is anticipated that revenues will amount to $17.69 billion, exhibiting an increase of 9.7% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial project ...

MetLife, Inc. (MET) recently rolled out its new savings calculator in a bid to educate pet parents about the benefits of pet health insurance in their pockets. MET’s pet insurance allows pet parents to save money from sudden accidents, illnesses and preventive care. MET’s insurance plans can help pet parents get reimbursed for up to 90% of their bills.This move bodes well as MET will attract new customers and benefit from improved premiums in the future. This will also solidify MetLife’s position as a marke ...

MetLife, Inc. (MET) recently rolled out an enhanced version of MetLife Connected Benefits in a bid to improve customer experience with a more holistic connected benefits capability. This new functionality will leverage technology to screen pharmacy and medical claims and user activity to provide customized benefit education and simplify claims processing.Per MetLife’s 2024 U.S. Employee Benefit Trends Study, 62% of employees do not feel confident about the knowledge of all the benefits offered to them. MET ...

MetLife, Inc. (MET) shares have jumped 11.4% in the past three months, outperforming the industry’s 9.8% increase. Based in New York, MetLife is an insurance-based global financial services company. Volume growth and solid performances of the Group Benefits and RIS businesses are aiding the company. MET has a market cap of $53 billion.In the past three months, the company’s shares have also outperformed the 4.4% and 9.6% growth in the Finance sector and the S&P 500 Index, respectively. Growing premiums, an ...