METLIFE announces Full Year and Fourth Quarter 2019 Results
Πέμπτη, 06 Φεβρουαρίου 2020 16:03MetLife, Inc. today announced its full year and fourth quarter 2019 results.
Full Year Results Summary
• Net income of $5.7 billion, compared to net income of $5.0 billion for the full year 2018. Net income of $6.06 per share, up 23 percent from the prior-year.
• Adjusted earnings of $5.8 billion, compared to adjusted earnings of $5.5 billion for the full year 2018. Adjusted earnings of $6.11 per share, up 13 percent from the prior-year.
• Adjusted earnings, excluding total notable items, of $5.7 billion, or $6.06 per share, compared to adjusted earnings, excluding total notable items, of $5.6 billion, or $5.49 per share for the full year 2018.
• Book value of $68.62 per share, up 33 percent from $51.53 per share at December 31, 2018.
• Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $48.97 per share, up 10 percent from $44.62 per share at December 31, 2018.
• Return on equity (ROE) of 9.8 percent.
• Adjusted ROE, excluding AOCI other than FCTA, of 13.1 percent.
Fourth Quarter Results Summary
• Net income of $536 million, or $0.58 per share, compared to net income of $2.0 billion, or $2.04 per share, in the fourth quarter of 2018.
• Adjusted earnings of $1.8 billion, or $1.98 per share, compared to adjusted earnings of $1.3 billion, or $1.35 per share in the fourth quarter of 2018.
• Adjusted earnings, excluding total notable items, of $1.4 billion, or $1.53 per share, compared to adjusted earnings, excluding total notable items, of $1.2 billion, or $1.26 per share for the fourth quarter of 2018.
• ROE of 3.4 percent.
• Adjusted ROE, excluding AOCI other than FCTA, of 16.4 percent.
“MetLife had a solid fourth quarter of 2019 to cap a very strong year,” said Michel Khalaf, president and CEO of MetLife, Inc. “For the full year, we delivered adjusted earnings per share growth of 13 percent, achieved a 13.1 percent adjusted return on equity*, and generated strong free cash flow that funded roughly $4 billion of common dividends and share repurchases. We enter 2020 confident our Next Horizon strategy will make us a simpler and more focused company that creates significant long-term value for our customers and shareholders.”