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| 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 | |
|---|---|---|---|---|---|---|---|---|
| -0.08 | -0.11% | 71.00 | 130 | 12:11:40 |
From Nov 2023 to May 2024
By Sabela Ojea
MetLife said profit plunged in the latest quarter following a sharp decline in premiums, fees and other revenue.
The insurer on Wednesday posted a third-quarter net profit of $422 million, or 56 cents a share, compared with $1.1 billion, or $1.37 a share, for the same period a year earlier.
Stripping out one-time items, the company's earnings per share came in at $1.97.
Total revenue dropped 29%, to $15.87 billion. Analysts polled by FactSet had forecast higher revenue of $17.49 billion.
Premiums, fees and other revenues dropped to $13.17 billion from $19.34 billion a year ago.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
November 01, 2023 17:11 ET (21:11 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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