MetLife 1Q Revenue Higher But Below Estimates
By Denny Jacob
MetLife posted softer-than-expected revenue growth in its latest quarter.
The insurer logged net income of $867 million for the first quarter ended March 31, up from $80 million a year earlier. Adjusted earnings were $1.83 a share, a penny below analysts' estimates of $1.84 a share.
Revenue climbed to $16.06 billion from $15.39 billion. Analysts polled by FactSet expected $17.75 billion.
Premiums, fees and other revenue rose 4% to $11.98 billion from $11.52 billion.
Net investment income was $5.44 billion, up 17% from a year earlier, driven by higher variable investment income, higher interest rates and increases in the estimated fair value of certain securities.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 01, 2024 17:06 ET (21:06 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back
-
Alibaba Earnings: More Positive Outlook Despite Mixed Results
-
After Earnings and a 56% Rally In 2024, Is Arm Stock a Buy, a Sell, or Fairly Valued?
-
How Morningstar Rates Stocks
-
After Earnings, Is Disney Stock a Buy, a Sell, or Fairly Valued?