We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| MetLife Inc | NYSE:MET | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.6982 | -0.97% | 71.0018 | 71.79 | 71.07 | 71.30 | 2,534,391 | 00:12:34 |
From May 2023 to May 2024
By Denny Jacob
MetLife reported sharply lower net income and a decline in revenue in the latest quarter.
The insurer posted net income of $80 million, or 2 cents a share, for the first quarter ended March 31, compared to $1.63 billion, or $1.89 a share, a year earlier. Adjusted earnings were $1.52 a share, below analysts' estimates of $1.81 a share.
Revenue edged down to $15.39 billion from $15.41 billion. Analysts polled by FactSet expected $16.84 billion.
Premiums, fees and other revenues declined 9% to $11.52 billion from $12.59 billion.
Net investment losses were $684 million due to what it called opportunistic repositioning of fixed maturity securities in Japan and strengthening mortgage loan allowance for credit loss in the quarter, a reflection of the current environment.
Chief Executive Michel Khalaf said while the year is shaping up to be another year of uncertainty, Metlife remains focused on managing risk across economic cycles.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 03, 2023 16:53 ET (20:53 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year MetLife Chart |
1 Month MetLife Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
