Stock Monitor: National Western Life Group Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 31, 2018 / If you want access to our free earnings report on MetLife, Inc. (NYSE: MET), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MET. The Company released its financial results on May 02, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The New York-based Company’s adjusted earnings per share (EPS) rose 13% y-o-y; outperforming market consensus estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is currently working on the research report for National Western Life Group, Inc. (NASDAQ: NWLI), which also belongs to the Financial sector as the Company MetLife. Do not miss out and become a member today for free to access this upcoming report at:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, MetLife most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
During Q1 FY18, MetLife reported total revenues of $14.81 billion versus $14.96 billion in the previous year’s same quarter. The Company’s adjusted revenues came in at $15.15 billion in the reported quarter, up 1% from the $15.05 billion recorded at the end of Q1 FY17. Wall Street had expected the Company to report adjusted revenues of $15.51 billion for the reported quarter. Furthermore, the Company’s adjusted premiums, fees, and other revenues were $10.93 billion in Q1 FY18 compared to $10.88 billion in Q1 FY17.
The insurance corporation reported a net income available to common shareholders of $1.25 billion, or $1.19 per share, in Q1 FY18 compared to $867 million, or $0.79 per share, in Q1 FY17. The Company’s adjusted earnings grew to $1.42 billion, or $1.36 per share, during Q1 FY18 from $1.32 billion, or $1.20 per share, in Q1 FY17. Moreover, market analysts had expected the Company to report adjusted EPS of $1.17.
Adjusted Metrics
The Company reported a return on equity (ROE) of 9.0% in Q1 FY18 compared to 5.3% in Q1 FY17. MetLife’s adjusted ROE, excluding AOCI other than FCTA, was 11.2% in the reported quarter compared to 6.3% in Q1 FY17. The Company’s adjusted tangible ROE was 14.4% in Q1 FY18 versus 7.8% in Q1 FY17. Furthermore, the Company’s book value per tangible common stockholders’ equity stood at $33.80 as on March 31, 2018, compared to $41.88 as on March 31, 2017.
Segment Performance
US – The segment’s total adjusted revenues increased to $7.34 billion in Q1 FY18 from $7.27 billion in Q1 FY17. The segment’s total premiums revenues also grew to $5.22 billion in Q1 FY18 from $5.19 billion in the last year’s comparable quarter. Furthermore, the segment’s adjusted earnings rose 31% to $653 million y-o-y in Q1 FY18.
Asia – For Q1 FY18, the segment’s adjusted revenues were $2.95 billion compared to $2.79 billion in the prior year’s corresponding quarter. The segment’s premiums revenues were $1.75 billion in Q1 FY18 compared to $1.71 billion in Q1 FY17. Moreover, the segment’s adjusted earnings increased 11% to $327 million y-o-y in Q1 FY18.
Latin America – MetLife’s Latin America segment generated adjusted revenues of $1.27 billion in Q1 FY18 compared to $1.22 billion in Q1 FY17. The segment’s total premiums revenues increased to $699 million during Q1 FY18 from $647 million in Q1 FY17. However, the segment’s adjusted earnings fell 2% to stand at $140 million y-o-y in Q1 FY18.
Europe, Middle-East, and Africa (EMEA) – During Q1 FY18, the segment’s adjusted revenues stood at $754 million compared to $688 million in Q1 FY17. The segment’s total premiums were $551 million in Q1 FY18 versus $502 million in Q1 FY17. Meanwhile, the segment’s adjusted earnings rose 8% to $81 million y-o-y in Q1 FY18.
MetLife Holdings – For Q1 FY18, the segment reported adjusted revenues of $2.68 billion compared to $2.96 billion in the year ago same quarter. The segment’s premiums revenues stood at $950 million in Q1 FY18 versus $1.06 billion in Q1 FY17. Furthermore, the segment’s adjusted earnings came in at $425 million in Q1 FY18, up from $387 million in Q1 FY17.
Corporate & Other – The segment’s adjusted revenues were $153 million in Q1 FY18, which came in below the $137 million reported in the year ago comparable quarter. The segment posted an adjusted loss of $197 million in the reported quarter, up from an adjusted loss of $70 million in Q1 FY17.
Dividend and Share Buyback
In a separate press release on April 24, 2018, MetLife’s Board of Directors declared a 5% hike in the second quarter FY18 common stock dividend to $0.42 per share. The dividend is payable on June 13, 2018, to shareholders of record as of May 07, 2018.
On May 22, 2018, the Company’s Board of Directors approved a new $1.5 billion authorization for the Company to repurchase its common stock. MetLife still has $370 million remaining under its 2017 share repurchase authorization of $2 billion.
Stock Performance Snapshot
May 30, 2018 – At Wednesday’s closing bell, MetLife’s stock rose 2.41%, ending the trading session at $46.25.
Volume traded for the day: 6.50 million shares, which was above the 3-month average volume of 5.48 million shares.
Stock performance in the previous three-month period – up 0.13%; and past twelve-month period – up 2.37%
After yesterday’s close, MetLife’s market cap was at $47.34 billion.
Price to Earnings (P/E) ratio was at 9.95.
The stock has a dividend yield of 3.46%.
The stock is part of the Financial sector, categorized under the Life Insurance industry. This sector was up 1.6% at the end of the session.
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