01-May-2025
Corporate News
 
MetLife First-Quarter Profit Rises on Strong Investment Gains; Launches $3 Billion Buyback
01-May-2025

Insurer MetLife reported a nearly 5% rise in first-quarter profit on Wednesday, driven by higher premiums and investment income, and announced a share buyback. Economic uncertainty and increased risk from cyber attacks, natural disasters and global war have sustained insurance spending as risk management has led to higher premium prices. Adjusted premiums, fees and other revenues jumped 16.5% to $13.61 billion from last year on a constant currency basis.

News Source:- https://money.usnews.com/investing/news/articles/2025-04-30/metlife-first-quarter-profit-rises-on-strong-investment-gains-launches-3-billion-buyback