MetLife Q3 Earnings Miss on Weak Group Benefits Unit & High Costs
MetLife(MET) ZACKS·2024-11-01 01:51
MetLife, Inc. (MET) reported third-quarter 2024 adjusted operating earnings of $1.93 per share, which missed the Zacks Consensus Estimate by 10.7%. The bottom line declined 1% year over year.Adjusted operating revenues of $17.6 billion decreased 3.4% year over year. The top line missed the consensus mark by 4.7%.The weak quarterly results were impacted by an elevated expense level and segment-specific challenges like declining earnings in the RIS and Group Benefits segments due to lower recurring interest m ...