MetLife announces Q3 2014 results

Declaring positive figures for its third quarter financials, MetLife announced that company had “delivered both top and bottom line growth, investment margins remained strong, and expenses were well controlled.”

MetLife reported operating earnings of USD1.8 billion, up 22 percent over the third quarter of 2013. On a per share basis, operating earnings were USD1.60, up 19 percent over the prior year quarter. Operating earnings in the Americas grew 14 percent. Operating earnings in Asia increased 19 percent both on a reported and constant currency basis. Operating earnings in Europe, the Middle East and Africa (EMEA) increased 13 percent on a reported basis and were up 20 percent on a constant currency basis.

The earnings statement also included variable investment income above the company’s 2014 quarterly plan range by USD62 million, or USD0.05 per share, after tax and the impact of deferred policy acquisition costs (DAC).

MetLife’s operating return on equity, excluding accumulated other comprehensive income (AOCI), other than foreign currency translation adjustments (FCTA) (ROE) was 13.2 percent for the third quarter and the company’s tangible operating ROE was 16.7 percent.

Premiums, fees & other revenues were USD12.7 billion, up eight percent (9 percent on a constant currency basis) over the third quarter of 2013.