started · updated
MetLife posts Q2 profit jump on underwriting strength
Life insurer MetLife reported a strong rise in second‑quarter adjusted profit, driven by disciplined underwriting and broad volume growth. Premiums, fees and other revenue increased 7% to $13.7 billion, while net investment income rose 18% to $6.7 billion. Adjusted earnings per share climbed 20% to $2.43, beating consensus estimates of $2.30. Group‑benefits profit surged 25% to $503 million. Regional performance was led by Asia, where earnings grew 21%, and Latin America, with a 15% increase. CEO Michel Khalaf said the results “reinforce our ability to create value for shareholders across cycles.” MetLife, founded in 1868, now operates in more than 40 markets worldwide.
Entities
Andy Sullivan · MetLife · Michel Khalaf · PGIM · Prudential Financial · United States
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Prudential Financial reported second‑quarter adjusted earnings per share of $4.08, up from $3.58 a year earlier.
- [○ 1 SOURCE] Prudential Financial posted a return on equity of 16.33% and a net margin of 5.83% for the quarter.
- [● 2 SOURCES] Prudential Financial's assets under management increased to $1.64 trillion, up from $1.58 trillion a year earlier.
- [○ 1 SOURCE] Prudential Financial's market capitalization was $42.80 billion and its price‑to‑earnings ratio was 12.69.
- [● 2 SOURCES] PGIM reported adjusted operating income of $294 million, up from $229 million a year earlier.
- [● 2 SOURCES] Prudential's individual life unit reported adjusted operating income of $176 million, more than double the $82 million a year earlier.
- [○ 1 SOURCE] Prudential Financial declared a quarterly dividend of $1.40 per share, representing an annualized $5.60 dividend and a 4.5% yield.
- [○ 1 SOURCE] Prudential Financial's earnings beat analysts' consensus estimate of $3.52 per share by $0.56.