Comprehensive Analysis of MetLife's Financial Performance and Market Positioning
MetLife (MET) delivered earnings and revenue surprises of 0% and 3.81%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Adjusted premiums, fees and other revenues - excluding pension risk transfers at the insurance firm - rose 4% for the first quarter from last year to $11.97 billion. A higher-for-longer interest rate environment maintained by the U.S. Federal Reserve has also helped insurers rake in more from fixed-income investments. The company's net investment income was up at $5.44 billion from $4.65 billion in the year-ago period.