Earnings ·
MetLife reports Q3 adjusted EPS of $2.85, up 22%, on $14.1B revenue
METMetlife Inc
MetLife reported third-quarter net income available to common shareholders of $2.4 billion, or $3.67 per share, driven by a $698 million gain on derivatives and higher adjusted earnings. Adjusted earnings rose 12% to $1.8 billion, with adjusted EPS excluding notable items increasing 22% to $2.85, the highest quarterly level in company history. Premiums, fees and other revenues grew 12% to $14.1 billion, reflecting broad-based volume growth across all business segments and favorable underwriting. The company returned approximately $1 billion to shareholders through dividends and share repurchases during the quarter. MetLife operates as a diversified global financial services company providing insurance, annuities, employee benefits, and asset management.