Aug 02, 2023 / NTS GMT
John Dennis McCallion - MetLife, Inc. - Executive VP & CFO
Hello, and thank you for joining as I discuss MetLife's results for the second quarter of 2023. MetLife delivered another solid quarter. While variable investment income remains below historical returns, they improved sequentially, and our underlying fundamentals were strong with good top line growth as well as disciplined underwriting and expense management. And the pending reinsurance transaction with Global Atlantic further demonstrates our commitment to focusing on value creation and deploying capital to its highest and best use.
Second quarter net income was $370 million compared to $881 million in the second quarter of 2022, primarily the result of certain required accounting adjustments associated with the pending reinsurance transaction.
Adjusted earnings were $1.5 billion compared to adjusted earnings of $1.7 billion a year ago, primarily driven by lower variable investment income. Underwriting margins were also less favorable than the prior year but within our targeted ranges. Higher recurring interest margins and solid
MetLife Inc Second Quarter 2023 Financial Update Video Transcript
Jan 23, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers