MetLife (MET) reported Q1 adjusted earnings late Wednesday of $1.96 per share, up from $1.83 a year earlier.
Analysts polled by FactSet expected $2.
Revenue for the quarter ended March 31 was $18.57 billion, up from $16.06 billion a year earlier.
Analysts surveyed by FactSet expected $18.37 billion.
The company said its board authorized the repurchase of $3 billion of common shares.
The company said it also entered an agreement with a Talcott Financial Group unit in April to reinsure nearly $10 billion of US retail variable annuity and rider reserves.
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