MetLife Inc.’s net income for the third quarter rose to $1.28 bn, up from $422 mn a year prior, driven by an 8% increase in investment income and a derivatives gain.
The insurer reported net investment income of roughly $5.23 bn for the quarter, compared to $4.83 bn in the same period in 2023. Additionally, it recorded a derivatives gain of $767 mn, a turnaround from the $1.2 bn loss in the previous year.
Despite lower variable investment income, MetLife showcased the financial appeal of our business this quarter, achieving an adjusted return on equity of 14.6%
Michel Khalaf, MetLife President and CEO
“Our unwavering focus on execution continues to fuel robust momentum across our leading businesses”, stated Michel Khalaf.
MetLife appointed Toby Srihiran Brown as global head of reinsurance and named Rob Dill as Brown’s successor in the chief auditor role.
Brown will oversee a strategic approach to reinsurance, handling all aspects of the process—from deal origination and structuring to negotiation, execution, monitoring, and reporting.
MetLife Inc.’s underwriting entities currently hold Best’s Financial Strength Ratings of A+ (Superior).
