Aug. 6 at 9:29 PM
🛡️ MetLife (
$MET) Q2 Earnings Recap
MetLife reported a mixed quarter as EPS and revenue both missed Street estimates. Adjusted earnings were impacted by weaker underwriting and investment margins, but core business trends and cash generation remained solid 💼
🔻 EPS came in at
$2.02, missing by
$0.14
📉 Revenue fell -2.7% Y/Y to
$17.34B, missing by over
$1B
📈 Net investment income rose +9% to
$5.7B, but variable investment returns were weak
💰 Returned
$900M to shareholders via dividends & buybacks
🏦 Holding co. cash remains strong at
$5.2B
🌍 Strong growth across international units:
EMEA earnings +30%
Asia sales +9% (constant currency)
LatAm earnings +15% (cc)
📊 Book value per share up +7% Y/Y to
$35.79
Despite the top- and bottom-line miss, MetLife showed resilient fundamentals in its core insurance and investment arms. Management reaffirmed confidence in long-term profitability, even as macro headwinds weigh on near-term underwriting margins.