MetLife lower after Q3 results


Book value per share excluding AOCI OF $47.99, up a hair from $47.70 a year ago. Operating earnings of $1.5B up 6%. Operating earnings per share of $1.34 up just 2%.

Americas operating earnings of $1.3B up 7% on revenue of $8.7B up 4%. Latin America premiums, fees, and other revenues gained 14% on a reported basis, gained 17% without currency fluctuations.

Asia operating earnings of $257M fell 1% on reported basis, but gained 7% without currency fluctuations. Adjusting for one-time charges, earnings were higher by 17%. Premiums, fees, and other revenues fell 5% reported, but gained 12% on constant currency.

EMEA earnings of $85M gained 37% on a reported basis, gained 28% on constant currency.

CC tomorrow at 8 ET.

MET -2% AH.

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