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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 | |
|---|---|---|---|---|---|---|---|---|
| -0.46 | -0.63% | 72.27 | 73.23 | 72.34 | 72.83 | 1,936,747 | 21:49:57 |
From May 2019 to May 2024
By Allison Prang
MetLife Inc.'s (MET) earnings in the fourth quarter fell from a year earlier, hurt by a spike in costs.
Net income at MetLife decreased 71% from a year earlier to $593 million. Earnings were 58 cents a share, down from $2.04 a share.
Adjusted earnings were $1.98 a share, up from $1.35 a share. Adjusted earnings beat analysts' consensus from FactSet of $1.37 a share.
Revenue was $17.14 billion, up over 9%. Analysts were expecting $16.82 billion.
Expenses at the company climbed to $17.18 billion, up from $13.19 billion. They rose due to an increase in policyholder benefits and claims, and an increase in interest credited to policyholder account balances. Other expenses also rose to $3.46 billion, up from $3.12 billion.
The company reported an income-tax benefit of $625 million compared with expense a year earlier of $409 million.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
February 05, 2020 16:55 ET (21:55 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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