1Q23 Supplemental Slides
1Q23 Supplemental Slides1
Chief Financial Officer
- These slides highlight information in
MetLife, Inc.'s earnings release, quarterly financial supplement and other prior public disclosures. Financial results in this presentation reflect LDTI accounting, pursuant to Financial Accounting Standards Board Accounting Standards Update No. 2018-12, which became effective onJanuary 1, 2023 . For more information, refer to "Explanatory Note on Non-GAAP and Other Financial Information."
Table of contents
|
Topic |
Page No. 
|
|
|
Investments |
7 |
|
|
Direct expense ratio |
11 |
|
|
Cash & capital |
12 |
|
|
Appendix |
13 |
|
2
Net income (loss) to adjusted earnings
(post-tax)
1Q23
$ in millions $ per share1
Net Income (Loss)
Less:
Net Investment Gains (Losses)
Net Derivative Gains (Losses)
Market Risk Benefit Gains (Losses)
Investment Hedge Adjustments
Other
Adjusted Earnings
|
(540) |
(0.69) |
|
(71) |
(0.09) |
|
(149) |
(0.19) |
|
(209) |
(0.27) |
|
(201) |
(0.26) |
|
|
|
|
1 The per share data for each item is calculated on a standalone basis and may not sum to the total. |
3 |
Adjusted earnings, ex. total notable items, by segment
|
($ in millions - except per share data) |
1Q23 |
1Q22 |
% Change |
% Change |
|
|
|
( |
Favorable |
Unfavorable |
||||
|
Group Benefits |
|
|
162% |
Underwriting Margins |
||
|
Retirement and Income Solutions |
400 |
546 |
(27%) |
Investment Margins |
||
|
|
707 |
663 |
7% |
|||
|
|
280 |
599 |
(53%) |
(52%) |
Investment Margins |
|
|
|
215 |
135 |
59% |
51% |
Underwriting Margins; |
|
|
Volume Growth |
||||||
|
EMEA |
60 |
55 |
9% |
30% |
Investment Margins; |
|
|
Volume Growth |
||||||
|
|
158 |
348 |
(55%) |
Investment Margins |
||
|
Corporate & Other |
(236) |
(105) |
Investment Margins |
|||
|
Adjusted Earnings ex. Total Notable Items |
|
|
(30%) |
(29%) |
||
|
Adjusted EPS ex. Total Notable Items |
|
|
(25%) |
(25%) |
|
1 To be discussed on |
4 |
1Q23 VII driven by lower venture capital and real estate returns1
($ in millions - pre-tax)
(
|
1Q22 |
2Q22 |
3Q22 |
4Q22 |
1Q23 |
|
Private Equity |
Other |
|
1 Quarterly target VII range of |
5 |
Attachments
Disclaimer
Remuneration Report 2022 04.05.2023
Arthur J. Gallagher & Co. Acquires AccurART
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