MetLife, Inc. (NYSE:MET ) Q4 2024 Earnings Conference Call February 6, 2025 9:00 AM ET Company Participants John Hall - Global Head, IR Michel Khalaf - President and CEO John McCallion - CFO Ramy Tadros - Regional President, U.S. Business, Head, MetLife Holdings Lyndon Oliver - President, MetLife Asia Eric Clurfain - Regional President, Latin America Conference Call Participants Ryan Krueger - KBW Tom Gallagher - Evercore Suneet Kamath - Jefferies Alex Scott - Barclays Wes Carmichael - Autonomous Research Jimmy Bhullar - JPMorgan Elyse Greenspan - Wells Fargo Operator Ladies and gentlemen, thank you for standing by. Welcome to the MetLife Fourth Quarter and Full Year 2024 Earnings and Outlook Conference Call.
The headline numbers for MetLife (MET) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MetLife (MET) came out with quarterly earnings of $2.08 per share, missing the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $1.93 per share a year ago.
MET's fourth-quarter earnings are expected to have been affected by higher expenses and lower net investment income.
Evaluate the expected performance of MetLife (MET) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
MetLife (MET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MetLife Investment Management boosts its portfolio with a $6B acquisition from Mesirow, adding high-yield strategies, small-cap equity expertise and 20 seasoned professionals to fuel growth.
MetLife, the largest life insurance company in the U.S., has seen its stock gain 28% over the last year, compared to a 23% return in the S&P500 index over the same period. Notably, MetLife's peer Prudential Financial (NYSE: PRU) is up 19% over the same period.
MET remains well-poised for growth, attributed to a well-performing Group Benefits segment, partnerships and a notable financial position.
MET's asset management arm is expected to close the acquisition of PineBridge by 2025, expanding its offerings and global presence.
U.S. insurer MetLife said on Monday it has agreed to buy PineBridge Investments, a global asset manager, from Pacific Century Group in a deal valued at up to $1.2 billion.
MetLife (MET) shares rose 5% Thursday when the insurance provider announced a new strategic plan to "accelerate growth across global platform while delivering attractive returns and all-weather performance."