MetLife (MET) Tops Q1 EPS by 43c

MetLife (NYSE: MET) reported Q1 EPS of $2.08, $0.43 better than the analyst estimate of $1.65. Revenue for the quarter came in at $15.76 billion versus the consensus estimate of $16.78 billion.

• Net income of $606 million, or $0.73 per share, compared to net income of $290 million, or $0.33 per share, in the first quarter of 2021.
• Adjusted earnings of $1.7 billion, or $2.08 per share, compared to adjusted earnings of $2.0 billion, or $2.20 per share, in the first quarter of 2021.
• Book value of $61.55 per share, down 12 percent from $70.08 per share at March 31, 2021.
• Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $57.12 per share, up 7 percent from $53.16 per share at March 31, 2021.
• Return on equity (ROE) of 4.3 percent.
• Adjusted ROE, excluding AOCI other than FCTA, of 14.7 percent.
• Holding company cash and liquid assets of $4.2 billion at March 31, 2022, which is above the target cash buffer of $3.0 - $4.0 billion

For earnings history and earnings-related data on MetLife (MET) click here.

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