NYSE$MET

Metlife Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

MetLife reported strong underlying results driven by business momentum and financial strength.

MetLife's Q3 2023 results showed a net income of $422 million and adjusted earnings of $1.5 billion. The company's focus on execution has enabled it to navigate the current environment effectively.

  • Net income was $422 million, or $0.56 per share.
  • Adjusted earnings were $1.5 billion, or $1.97 per share.
  • Holding company cash and liquid assets were $4.9 billion.
  • Adjusted premiums, fees and other revenues were $13.2 billion.

Headline financials

Total Revenue

$15.9B

Previous: $22.3B-28.8%
EPS (adj)

$1.97

Previous: $1.21+62.8%
Free Cash Flow

$489M

Previous: $395M+23.8%
Net Income

$489M

Previous: $395M+23.8%
Operating Income

-$2.61B

Previous: -$2.6B-0.4%
Gross Profit

$3.78B

Previous: $3.02B+25.4%
Cash & Equivalents

$14.9B

Previous: $22.2B-32.8%
Total Assets

$652B

Previous: $650B+0.3%

Revenue & EPS history

MetLife · Revenue · Quarterly

$15.9B

Q3 2023-28.8%vs Q3 2022
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

MetLife · $3.82B total across 3 segments · Q3 2023

  • Asia
    $1.74B
  • Latin America
    $1.48B
  • EMEA
    $588M

Forward guidance

The news release does not contain forward guidance. Therefore, this section is left blank.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

-0.3%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+2.0%

Avg return

30 days after

58%

42 / 73 earnings

Positive

+6.7%

Q2 2013

Best reaction

-11.3%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.7%-3.0%+5.6%
Q4 2025-3.4%-0.1%-7.9%
Q3 2025-3.5%-1.1%-0.0%
Q2 2025+3.3%+4.8%+7.7%
Q1 2025+0.5%+1.4%+4.3%
Q4 2024-1.6%-2.2%-3.2%
Q3 2024-5.3%-5.2%+6.5%
Q2 2024-1.3%-11.5%+1.0%
Q1 2024-1.2%+0.2%+1.8%
Q4 2023-7.7%-7.1%-1.5%
Q3 2023+0.0%+0.7%+6.2%
Q2 2023+2.5%+2.2%+2.4%
Q1 2023-9.0%-9.7%-10.9%
Q4 2022-4.0%-4.0%-3.7%
Q3 2022-1.1%-0.0%+4.0%
Q2 2022+2.9%+1.5%+4.9%
Q1 2022+1.3%-1.5%-0.7%
Q4 2021-0.5%+1.1%-6.0%
Q3 2021+0.3%+0.1%-6.7%
Q2 2021+0.9%+3.7%+5.0%
Q1 2021+4.1%+3.4%+3.5%
Q4 2020+6.1%+10.7%+22.0%
Q3 2020+2.9%+12.4%+21.3%
Q2 2020+0.2%+7.8%+6.1%
Q1 2020+0.5%-0.9%+18.9%
Q4 2019+3.3%+3.3%-22.0%
Q3 2019+0.2%+1.9%+6.9%
Q2 2019-3.4%-8.9%-11.4%
Q1 2019+2.8%+3.2%+0.2%
Q4 2018-3.7%-4.2%-2.3%
Q3 2018+5.9%+8.3%+8.4%
Q2 2018+1.0%+0.4%+0.3%
Q1 2018-5.6%-0.7%-1.4%
Q4 2017+4.7%+4.5%+5.2%
Q3 2017+4.0%+1.4%+0.1%
Q2 2017-4.0%-2.3%-3.7%
Q1 2017+1.2%+2.0%-1.1%
Q4 2016-5.4%-4.6%+0.8%
Q3 2016+0.6%+2.5%+19.0%
Q2 2016-6.3%-1.8%+2.5%
Q1 2016-4.4%
Q4 2015-7.1%
Q3 2015-2.9%
Q2 2015+1.0%
Q1 2015-0.1%
Q4 2014+0.6%
Q3 2014+1.7%
Q2 2014-2.8%
Q1 2014-0.5%
Q4 2013+0.5%
Q3 2013-3.8%
Q2 2013+6.7%
Q1 2013+2.5%
Q4 2012-1.2%
Q4 2011-8.6%
Q3 2012+0.7%
Q2 2012+3.0%
Q1 2012+1.7%
Q3 2011-3.2%
Q2 2011-11.3%
Q1 2011+0.9%
Q4 2010+2.5%
Q3 2010+1.8%
Q2 2010-0.9%
Q1 2009-5.2%
Q1 2010+2.7%
Q4 2007+1.9%
Q4 2008+1.9%
Q4 2009+1.9%
Q3 2009+1.0%
Q3 2008+1.0%
Q2 2008+3.9%
Q2 2009+3.9%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro