Advertisement
Canada markets close in 29 minutes
  • S&P/TSX

    22,298.64
    +55.30 (+0.25%)
     
  • S&P 500

    5,302.78
    +56.10 (+1.07%)
     
  • DOW

    39,847.30
    +289.19 (+0.73%)
     
  • CAD/USD

    0.7350
    +0.0025 (+0.33%)
     
  • CRUDE OIL

    78.80
    +0.78 (+1.00%)
     
  • Bitcoin CAD

    89,734.47
    +5,931.04 (+7.08%)
     
  • CMC Crypto 200

    1,384.43
    +116.48 (+9.19%)
     
  • GOLD FUTURES

    2,392.10
    +32.20 (+1.36%)
     
  • RUSSELL 2000

    2,105.68
    +19.98 (+0.96%)
     
  • 10-Yr Bond

    4.3560
    -0.0890 (-2.00%)
     
  • NASDAQ

    16,741.63
    +230.45 (+1.40%)
     
  • VOLATILITY

    12.56
    -0.86 (-6.41%)
     
  • FTSE

    8,445.80
    +17.67 (+0.21%)
     
  • NIKKEI 225

    38,385.73
    +29.67 (+0.08%)
     
  • CAD/EUR

    0.6753
    -0.0016 (-0.24%)
     

MetLife Beats on Profit, Approves $3 Billion Share Buyback

(Bloomberg) -- MetLife Inc. reported earnings that beat analysts’ expectations for the first quarter.

Most Read from Bloomberg

The biggest US life insurer reported earnings per share of $1.83, according to a statement Wednesday, higher than the consensus estimates compiled by Bloomberg. The company also authorized $3 billion in share buybacks.

ADVERTISEMENT

The New York-based company, headquartered in its iconic Manhattan tower, has been rated positively by analysts who have cited its strong pipeline for institutional retirement products as a key strength.

“MetLife is off to a good start in 2024, with strong topline growth and sustained momentum across our market-leading portfolio of businesses,” MetLife Chief Executive Officer Michel Khalaf said.

Net income of $800 million surged compared to last year’s first quarter, when the company posted $14 million.

Read More: Prudential Earnings Rise from a Year Ago, Meeting Expectations

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.