MetLife (MET) Tops Q4 EPS by 56c

MetLife (NYSE: MET) reported Q4 EPS of $2.03, $0.56 better than the analyst estimate of $1.47.

• Net income of $124 million, or $0.14 per share, compared to net income of $536 million, or $0.58 per share, in the fourth quarter of 2019.
• Adjusted earnings of $1.8 billion, or $2.03 per share, compared to adjusted earnings of $1.8 billion, or $1.98 per share, in the fourth quarter of 2019.
• Adjusted earnings, excluding total notable items, of $1.8 billion, or $2.03 per share, compared to adjusted earnings, excluding total notable items, of $1.4 billion, or $1.53 per share in the fourth quarter of 2019.
• Return on equity (ROE) of 0.7 percent.
• Adjusted ROE, excluding AOCI other than FCTA, of 15.2 percent.

“MetLife delivered a very strong fourth quarter of 2020, capping off a year in which the strength of our diversified businesses was on full display,” said MetLife President and CEO Michel Khalaf. “By most key value metrics – adjusted earnings per share, adjusted return on equity, and book value per share – MetLife\'s fourth quarter results were above expectations. For the full year, in the face of an extremely challenging environment, we demonstrated resilience to low interest rates, exceptional expense discipline, and strong cash generation and I am very proud of how our people lived our purpose and delivered for our customers. As we begin 2021, we remain committed to consistent execution and confident that our Next Horizon strategy will continue to create value for all of our stakeholders.”

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

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