- Q2 operating earnings of $924M or $0.83 per share vs. $1.765B and $1.56 a year ago. Reserve adjustments mostly in the too be spun off retail business, cut operating earnings by $257M or $0.23 per share. The annual retail variable annuity actuarial assumption review knocked off another $161M or $0.15 per share. An adjustment to reinsurance receivables in Australia took out another $44M, or $0.04 per share.
- Book value per share (excl. AOCI) of $53.20 vs. $50.73 one year ago. Tangible BVPS of $43.98 vs. $41.73.
- Total revenue of $15.244B fell 6% from a year ago.
- Americas operating earnings - excluding items - still fell 11% on a constant currency basis from a year ago.
- Asia operating earnings of $259M fell 41%.
- EMEA operating earnings of $64M fell 36%.
- Net investment income of $4.9B fell 6%.
- Conference call tomorrow at 8 ET
- Previously: MetLife misses by $0.52, misses on revenue (Aug. 3)
- MET -3.9% after hours