uploads///EV to rev

Assessing MetLife’s Assets and Liabilities

By

Dec. 15 2017, Updated 10:30 a.m. ET

Total assets

Whereas MetLife’s (MET) total assets fell to $720.5 billion at the end of 3Q17 from $898.7 billion at the end of 4Q16, its total investments rose to $445.7 billion from $420.9 billion, mainly due to higher sales of fixed maturity securities.

Between the end of 4Q16 and 3Q17, MetLife’s accrued investment income rose from $3.3 billion to $3.6 billion, and its separate account assets fell from $203.3 billion to $195.5 billion. While MetLife has a last-12-month EV[1.enterprise value]-to-revenue ratio of 1.1x, peers (XLF) Reinsurance Group of America (RGA), CNO Financial Group (CNO), and Arch Capital Group (ACGL) have ratios of 1.0x, 1.7x, and 3.2x, respectively.

Article continues below advertisement

Total liabilities, excluding equity

MetLife’s total liabilities excluding equity stood at $663.5 billion at the end of 3Q17, compared with $831.2 billion at the end of 4Q16. Its future policy benefits rose from $166.7 billion to $176.0 billion. Between the end of 4Q16 and 3Q17, MetLife’s policyholder account balances rose to $182.5 billion from $173.1 billion, and its short-term debt fell to $214 million from $242 million.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.