MetLife 1Q Profit, Revenue Rises on Growth in Premiums and Fees

Dow Jones

May 01, 2025

By Kelly Cloonan

MetLife logged higher profit and revenue in the first quarter as premiums, fees and other revenue rose.

The insurer on Wednesday posted a profit of $945 million, or $1.28 a share, compared with $867 million, or $1.10 a share, a year earlier.

Adjusted earnings per share were $1.96, below estimates of $2 a share according to analysts polled by FactSet.

MetLife's quarterly revenue rose 16% to $18.57 billion. Analysts expected $18.37 billion.

Premiums, fees and other revenue rose 14% to $13.64 billion and book value per share rose 2% to $35.16.

Chief Executive Michel Khalaf said in a statement the company saw favorable underwriting, good volume growth and better variable investment in the quarter.

The company also authorized a $3 billion share buyback program, adding to the $360 million remaining under a similar-sized repurchase program announced last year.

The buyback reflects the company's all-weather performance, Khalaf said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 30, 2025 17:17 ET (21:17 GMT)

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