MetLife’s Q3 EPS beats estimates by $0.04

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METLIFE ($NYSE:MET): The company reported its third quarter earnings today, with Non-GAAP EPS of $1.21, beating estimates by $0.04. The company attributed the beat to strong results in its investment portfolio, as well as higher operating income in its Insurance and Employee Benefits segments. Looking ahead, MetLife expects to continue to generate strong results, supported by its diversified business model and strong balance sheet. The company remains focused on executing its strategic initiatives, which include simplifying its product portfolio, improving its customer experience, and investing in growth opportunities.

Earnings

MetLife‘s third quarter earnings beat estimates by $0.04 per share. The company reported total revenue of $63.3 billion and net income of $3.6 billion. Compared to the same period last year, total revenue decreased by 4.1% and net income decreased by 45.5%. MetLife’s total revenue has decreased from $66.8 billion to $63.3 billion over the last three years.

However, the company’s earnings have remained relatively stable, beating estimates in three of the last four quarters. Despite the challenges posed by the pandemic, MetLife has continued to grow its business and drive shareholder value. The company’s strong financial position and diversified businesses have positioned it well to weather the current crisis and emerge even stronger in the years to come.

Price History

MetLife‘s third quarter earnings per share beat estimates by $0.04, and the company’s stock opened at $73.9 on Wednesday.

However, the stock closed at $73.6, down by 0.5% from its previous closing price. Despite this slight dip, MetLife’s stock is still up from where it was at the beginning of the year. MetLife has been in the news a lot lately, and most of the coverage has been positive. The company has been working to improve its image and reputation, and it seems to be paying off. Despite the recent dip in stock price, MetLife is still a strong company with a bright future. Its earnings beat estimates, and it is continuing to work to improve its reputation.

VI Analysis

A company’s fundamentals are a reflection of its long term potential. The VI app makes analyzing a company’s fundamentals simple. The VI Star Chart shows that METLIFE is strong in dividend, and weak in asset, growth, profitability. METLIFE has a high health score of 8/10 with regard to its cashflows and debt, is capable to pay off debt and fund future operations.

METLIFE is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This would be of interest to investors who are looking for a company that is dividend-focused and has a history of paying out consistent dividends.

VI Peers

In the insurance industry, MetLife Inc faces competition from Prudential Financial Inc, Great-West Lifeco Inc, Reinsurance Group of America Inc. All of these companies are in the business of providing life insurance and related products to individuals and businesses. MetLife has a diversified product mix that includes life, disability, long-term care, and annuities, among others. Prudential is focused on life insurance and annuities, while Great-West Lifeco and Reinsurance Group of America focus primarily on life insurance.

– Prudential Financial Inc ($NYSE:PRU)

Prudential Financial Inc. is an American multinational financial services company. It offers a variety of financial products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services. As of 2022, it has a market cap of $35.87 billion.

Prudential was founded in 1875 and is headquartered in Newark, New Jersey. It has operations in the United States, Asia, Europe, and Latin America. The company serves individual and institutional customers through its various businesses. These businesses include life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

– Great-West Lifeco Inc ($TSX:GWO)

Great-West Lifeco Inc is a financial services holding company with operations in the United States, Canada, Europe and Asia. The Company’s segments include Great-West Life & Annuity Insurance Company (GWL&A), London Life Insurance Company (London Life), Canada Life Insurance Company (Canada Life), Irish Life Group Limited (Irish Life) and Putnam Investments LLC (Putnam).

– Reinsurance Group of America Inc ($NYSE:RGA)

Reinsurance Group of America, Incorporated is a holding company, which engages in the provision of life reinsurance, financial services, and asset management solutions. It operates through the following segments: Traditional Life Reinsurance, Asset Intensive Life Reinsurance, Group Reinsurance, and Financial Solutions. The company was founded in 1973 and is headquartered in Chesterfield, MO.

Summary

Investing in MetLife may be a good idea for investors who are looking for exposure to the insurance industry. The company has a strong financial position, with a AA- rating from Standard & Poor’s. MetLife also has a diversified business model, which includes both life insurance and property & casualty insurance.

One potential risk for investors to consider is the company’s exposure to the U.S. mortgage market. MetLife owns a large number of loans and mortgage-backed securities, which could lose value if there is a sharp decline in the housing market.