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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 | |
|---|---|---|---|---|---|---|---|---|
| 0.28 | 0.40% | 70.52 | 70.76 | 69.19 | 70.29 | 3,361,218 | 01:00:00 |
From May 2022 to May 2024
By Kathryn Hardison
MetLife Inc.'s fourth-quarter revenue declined 19% as it logged lower net investment income and premiums, fees and other revenues.
Net income attributable to the company was $1.3 billion, or $1.66 per share, from net income of $1.2 billion, or $1.39 per share, a year ago. Adjusted per-share earnings came to $1.55, compared with the $1.67 per share analysts were expecting, according to FactSet.
Revenue was $16.3 billion, down from $20.1 billion the year prior. Analysts expected $17.22 billion.
Premiums, fees and other revenues declined 25% to $11.3 billion. Net investment income was 15% lower to $4.5 billion.
Net derivative gains amounted to $162 million, or $128 million after tax during the quarter, which was the company said was primarily driven by a weakening of the U.S. dollar.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
February 01, 2023 16:43 ET (21:43 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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