Revenue and earnings
MetLife (MET), the holding corporation for the Metropolitan Life Insurance Company, saw its revenue fall 9% in 2016 and 5% in 2015. The fall was driven by universal life and investment-type product policy fees, net investment income, and other revenue.
Expenses rose 2% in 2016 after falling 3% in 2015. Income from continuing operations, as a result, turned negative. Its interest expenses rose 12% in 2016 after falling 19% in 2015. As a result, its EPS (earnings per share) fell 86%, after falling 16% in 2015.
Revenue and EPS in 1H17
In 1H17, MetLife’s revenue growth was flat, driven by premiums and net investment income. Its expenses rose 3%, with its interest expenses rising 16%. As a result, its EPS fell 25%.
The company has noted a continuous increase in its dividend. Its dividend payout rose phenomenally between 2015 and 2016, and slightly between 1H16 and 1H17.