|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||33.34 - 33.34|
|52-week range||33.34 - 33.34|
|Beta (5Y monthly)||1.34|
|PE ratio (TTM)||3.56|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
MetLife Gulf has announced the launch of a Health Talk Show series to support its customers and the broader Gulf community. The current global health crisis has left many confused, overwhelmed and worried about their health, wellbeing and future. A surge in health information over countless platforms has contributed to conflicting views, inaccuracy and distrust.
MetLife is offering paid voluntary leave to its licensed healthcare workers who join the fight against COVID-19, the company announced today. MetLife medical professionals who volunteer will be deployed in two-week rotations to hospitals and other healthcare facilities in locations across the country.
MetLife, Inc. (NYSE:MET) last week reported its latest first-quarter results, which makes it a good time for investors...
Before we get started, I refer you to the cautionary note about forward-looking statements in yesterday's earnings release and to risk factors discussed in MetLife's 8-K filed last night and its other SEC filings. With that, I will turn the call over to John Hall, head of investor relations. Now more than ever, we appreciate you joining us for MetLife's first-quarter 2020 earnings call.
MetLife's (MET) Q1 earnings beat estimates on the back of revenue rise and higher net investment income, partly offset by elevated expenses.
MetLife's (NYSE: MET) stock surged today after the life insurance giant posted solid gains in revenue and net income in the first quarter, beating earnings estimates. Net income jumped to $4.4 billion, or $4.75 per share, from $1.3 billion, or $1.40 per share, in the first quarter of 2019. Adjusted earnings per share was $1.58 per share, up 3% from the first quarter of 2019.
(Bloomberg) -- MetLife Inc.’s first-quarter profit exceeded analyst expectations as it forecast a “modest” impact on underwriting margins from the coronavirus pandemic.The largest U.S. life insurer reported adjusted earnings of $1.58 a share, surpassing the $1.43 estimate of 13 analysts in a Bloomberg survey.Key InsightsResults were driven by a 26% jump in profit from retirement and income solutions, and an 8% increase for MetLife’s U.S. unit, the New York-based insurer said Wednesday. Laggards included group benefits, the Latin American region and MetLife Holdings, which contains a closed block of business.“MetLife entered the current period of uncertainty from a position of strength,” Chief Executive Officer Michel Khalaf told analysts on an earnings call Thursday. After making changes to MetLife’s strategy and product portfolio, “we are now a less market-sensitive and capital-intensive company,” he said. In terms of investments, “we took early action in anticipation of a recession.”The company expects to see the biggest impact from the pandemic on its investments in the second quarter. Variable investment income will come under pressure, with private equity returns likely to be in the negative high single to low double digits. MetLife has been positioning its portfolio for a recession since 2018, and continued to trim holdings of bonds below investment grade.“We expect the impact of the pandemic to be an earnings event, not a balance-sheet event,” Khalaf said.Earlier, rival Prudential Financial Inc. said it expects coronavirus deaths to cut earnings by about $200 million this year after the company swung to a net loss in the first quarter. Sales are expected to decline in its individual and international units.Market ReactionMetLife shares rose 5.6% to $34.82 at 12:53 p.m. in New York. They’ve declined 32% this year.Get MoreRead the statement here and supplement here.U.S. life insurers may face as much as $7.2 billion in claims if coronavirus deaths rise to the high end of projections of 150,000, according to Samantha Chow, an analyst at Aite Group LLC. Still, the industry is in strong financial shape and should be able to manage surging costs, she wrote in a report last month.(Updates with CEO comments from third bullet point, detail on investments in fourth.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
There is great comfort to be found in regular, reliable dividend payouts, especially in times of economic uncertainty. But finding shares that can pay them isn8230;
MetLife (MET) delivered earnings and revenue surprises of 8.97% and -7.02%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Insurers in the first quarter are likely to have suffered from low interest rates and charges from the COVID-19 impact but benefited from strong top lines driven by their vast and diversified businesses.
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.
More than half (52 percent) of U.S. employees are most concerned with their financial health in the wake of the novel coronavirus (COVID-19) pandemic, MetLife’s 18th annual U.S. Employee Benefit Trends Study (EBTS) found. Employees are more concerned about their finances than any other aspect of their well-being, including physical (44 percent), mental (44 percent) and social health (44 percent).
MetLife (NYSE:MET) shareholders are no doubt pleased to see that the share price has bounced 34% in the last month...
MetLife, Inc. (NYSE: MET), which owns a majority stake in the InterContinental Times Square, today announced that it will open 250 rooms to healthcare workers on the front lines of the fight against COVID-19.
MetLife provides resources and tools to help small business owners and their employees navigate the pandemic