HelmledgersMETLIFE COMPANY ANALYSIS REPORT
Deeper Insights. A clearer view.
MetLife, Inc.
MET | NYSEProviding insurance, annuities and employee benefits worldwide
InsuranceLife & Health InsuranceFinancial ServicesUnited States
$72.34▲ +0.82 (+1.15%)
As of Apr 24, 2024, 4:00 PM ETAt a glance
Key findings
3 findingsEquity is 3.5% of assets; NCI included in the headline figure
MediumTotal equity of $27,741M (including $300M non-redeemable NCI) is 3.5% of $759,372M assets; parent-only.
Preferred dividends of $76M bridge NI to available-to-common
MediumMetIncomeLoss $1,921M less preferred dividends $76M = $1,845M available to common shareholders (excl. verified...
Revenue decomposes exactly; one-offs are 4.7% of revenue
InfoPremiums 23,555 + investment income 12,057 + commissions 2,715 + agency fees 1,697 = net gains 1,098 – derivative losses...
Management questions
Is the reported NCI a strategic minority stake or vestigial from a divestiture?
Does any capital or rating metric use parent-only equity rather than the NCI-inclusive headline?
What is the all-in cost of the preferred stack, and is any of it callable in the next 24 months?