- Q2 operating earnings of $1.8B up 11% Y/Y, with operating EPS of $1.56 up 12%. This year's results included a $0.05 per share boost thanks to a tax-rate change in Japan - backing this out makes the beat a little less gaudy at $0.03.
- Book value per share (excl. AOCI) of $50.73 up 4% Y/Y.
- Americas operating earnings of $1.4B up 4%, up 6% on a constant currency basis. Retail earnings of $690M up 2%, with premiums, fees, and other revenues of $3.3B down 2%. Group, voluntary and worksite benefits earnings of $231M up 11%, with premiums, fees, and other revenues of $4.4B up 2%. Corporate benefit funding earnings of $406M up 12% thanks to a boost in investment margins.
- Asia operating earnings of $425M up 31%, up 45% on a constant currency basis. Excluding the Japan tax benefit, earnings up 24% on a constant currency basis.
- EMEA operating earnings of $50M down 31%, down 7% on a constant currency basis. Q2 a year ago results were aided by $7M in tax-related items.
- Net investment income of $5.2B up 2%. Rising interest rates contributed to derivative net losses of $721M vs. gains of $71M a year ago.
- Conference call tomorrow at 8 ET
- Previously: MetLife beats by $0.08, misses on revenue (July 29)
- MET flat after hours