MetLife Announces Full Year and Fourth Quarter 2023 Results.

Insurer MetLife reported a rise in fourth-quarter adjusted profit on Wednesday, bolstered by higher premiums and strong returns from investments. The insurance industry is typically considered 'recession proof' and enjoys steady demand irrespective of economic conditions as policies are often guaranteed by employers or mandated by the government. MetLife, however, reported a 63% drop in net income to $574 million in the quarter, primarily due to market risk benefit remeasurement losses of $431 million.

January 31, 2024
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