MetLife Inc (MET)’s Operating Earnings In Americas Witnesses 4% Growth

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MetLife Inc (NYSE:MET) disclosed that its operating earnings in the Americas and Asia recorded an uptick of 4% and 9% respectively in the fourth quarter. However, operating earnings from Europe, the Middle East and Africa or EMEA witnessed a downtick of 4%. As a result, the company’s overall operating earnings witnessed 2% growth in the December quarter, which were better the Street analysts’ estimations.

The return on equity, on an adjusted basis, for MetLife Inc (NYSE:MET) reached 11.3% while its tangible operating ROE reached 14.1% at the end of the fourth quarter. The company’s top line remained flat with the last year. However, that was enough to beat the Street analysts’ predictions.

4Q Results

The company’s net income jumped 70% to $1.3 billion from $877 million while earnings climbed 69% to $1.30 a share from 77 cents a share in the year-ago quarter. Its operating earnings also grew 2% to $1.58 billion from $1.54 billion while operating earnings per share advanced 1% to $1.38 from $1.37 in the prior year quarter. Street analysts’ predicted the insurer to earn $1.36 a share.

MetLife Inc (NYSE:MET)’s top line was $18.245 billion, slightly down from $18.33 billion in the previous year quarter. Premiums, fees, and other revenues remained flat at $13.13 billion for the fourth quarter. This was higher than the Street estimation of $18.12 billion.

The Book Value per share increased 17% to $61.85. However, book value of tangible common shareholders’ equity recorded 9% uptick.

Full Year Results

The company’ net income climbed 90.6% to $6.19 billion from $3.25 billion and earning surged 86.3% to $5.42 a share from $2.91 a share in 2013. Its operating earnings advanced 5% to $5.56 billion from $6.26 billion while operating earnings rose 2% to $5.74 a share from $5.61 a share in the previous year.

Total revenues of MetLife Inc (NYSE:MET) grew 3% to $71.08 billion from $69.02 billion in the last year. Premiums, Fees, and other fees increased 4% to $50.6 billion in 2014. Its net investment income witnessed a 3% fall to $5.1 billion.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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