MetLife (NYSE:MET) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$18.4b (up 16% from 3Q 2023).

• Net income: US$1.28b (up 202% from 3Q 2023).

• Profit margin: 6.9% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$1.81 (up from US$0.56 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MetLife Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for MetLife that you need to be mindful of.

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