MetLife (NYSE: MET) reported Q4 EPS of $1.23, $0.13 worse than the analyst estimate of $1.36. Revenue for the quarter came in at $17.1 billion versus the consensus estimate of $17.61 billion.

Fourth quarter 2015 operating earnings included the following items:

• variable investment income below the company’s 2015 quarterly plan range by $137 million, or $0.12 per share, after tax and the impact of deferred acquisition costs (DAC)
• unfavorable catastrophe experience, partially offset by favorable prior year development, which in total decreased operating earnings by $9 million, or $0.01 per share, after tax
• a one-time tax item in Argentina, which increased operating earnings by $31 million, or $0.03 per share, after tax

MetLife’s operating return on equity (ROE), excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA)*, was 9.7 percent for the fourth quarter of 2015, and the company’s tangible operating ROE* was 11.9 percent.

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