- Q1 2024 MetLife Inc Earnings Call TranscriptMay 02, 2024$24.35 (+0.79%)Earnings
- MetLife Inc at Bank of America Financial Services Conference TranscriptFeb 20, 2024
- Q4 2023 MetLife Inc Earnings Call TranscriptFeb 01, 2024$24.08 (+0.88%)Earnings
- MetLife Inc at Goldman Sachs Financial Services Conference (Virtual) TranscriptDec 05, 2023
- Q3 2023 MetLife Inc Earnings Call TranscriptNov 02, 2023$23 (+0.92%)Earnings
- MetLife Inc at KBW Insurance Conference TranscriptSep 07, 2023
- Q2 2023 MetLife Inc Earnings Call TranscriptAug 03, 2023$22.41 (-0.66%)Earnings
- MetLife Inc Second Quarter 2023 Financial Update Video TranscriptAug 02, 2023
- MetLife Inc at Sanford C Bernstein Strategic Decisions Conference TranscriptMay 31, 2023
- MetLife Inc agreement with Global Atlantic TranscriptMay 25, 2023
- Q1 2023 MetLife Inc Earnings Call TranscriptMay 04, 2023$21.96 (-3.51%)Earnings
- MetLife Inc at Bank of America US Financials Conference TranscriptFeb 15, 2023
- Q4 2022 MetLife Inc Earnings Call TranscriptFeb 02, 2023$24.16 (+0.67%)Earnings
- Q4 2022 MetLife Inc Pre Recorded Earnings Call TranscriptFeb 01, 2023$24 (+1.44%)Earnings
- MetLife Inc at Goldman Sachs US Financial Services Conference TranscriptDec 07, 2022
- Q3 2022 MetLife Inc Earnings Call TranscriptNov 03, 2022$20.05 (+0.08%)Earnings
- MetLife Inc at KBW Insurance Conference TranscriptSep 07, 2022
- Q2 2022 MetLife Inc Earnings Call TranscriptAug 04, 2022$23.68 (+0.85%)Earnings
- Q1 2022 MetLife Inc Earnings Call TranscriptMay 05, 2022$22.24 (-1.02%)Earnings
- Q1 2022 MetLife Inc Pre-Recorded Earnings Presentation TranscriptMay 04, 2022
- MetLife Inc at Bank of America Insurance Conference (Virtual) TranscriptFeb 16, 2022
- Q4 2021 MetLife Inc Earnings Call TranscriptFeb 03, 2022$24.41 (-0.97%)Earnings
- MetLife Inc at Goldman Sachs US Financial Services Conference TranscriptDec 08, 2021
- Q3 2021 MetLife Inc Earnings Call TranscriptNov 04, 2021$25.5 (+0.43%)Earnings
- MetLife Inc at KBW Insurance Conference (Virtual) TranscriptSep 10, 2021
- Q2 2021 MetLife Inc Earnings Call TranscriptAug 05, 2021$26.46 (+0.49%)Earnings
- MetLife Inc at S&P Global Inc Annual Insurance Conference (Virtual) TranscriptJun 09, 2021
- Q1 2021 MetLife Inc Earnings Call TranscriptMay 06, 2021$25.68 (+0.35%)Earnings
- MetLife Inc at Bank of America Insurance Conference (Virtual) TranscriptFeb 10, 2021
- Q4 2020 MetLife Inc Earnings and Outlook Conference Call TranscriptFeb 04, 2021
- Q3 2020 MetLife Inc Earnings Call TranscriptNov 05, 2020$25.27 (-0.32%)Earnings
- Q3 2020 MetLife Inc Financial Update Video TranscriptNov 04, 2020
- MetLife Inc Acquisition Of Versant Health Conference Call TranscriptSep 17, 2020
- MetLife Inc at KBW Insurance Conference TranscriptSep 10, 2020
- Q2 2020 MetLife Inc Earnings Call TranscriptAug 06, 2020$24.22 (-0.70%)Earnings
- MetLife Inc Annual Shareholders Meeting TranscriptJun 16, 2020
- Q1 2020 MetLife Inc Earnings Call TranscriptMay 07, 2020$22.02 (+0.36%)Earnings
- MetLife Inc at Bank of America Merrill Lynch Securities Insurance Conference TranscriptFeb 12, 2020
- Q4 2019 MetLife Inc Earnings Call TranscriptFeb 06, 2020$25.06Earnings
- MetLife Inc Investor Conference TranscriptDec 12, 2019
- Q3 2019 MetLife Inc Earnings Call TranscriptOct 31, 2019$24.52 (-0.65%)Earnings
- MetLife Inc at KBW Insurance Conference TranscriptSep 04, 2019
- Q2 2019 MetLife Inc Earnings Call TranscriptAug 01, 2019$24.43 (+0.83%)Earnings
- Q2 2019 MetLife Inc Financial Update Video TranscriptJul 31, 2019
- Q1 2019 MetLife Inc Earnings Call TranscriptMay 02, 2019$22.54 (-0.13%)Earnings
- MetLife Inc at Bank of America Merrill Lynch Insurance Conference TranscriptFeb 14, 2019
- Q4 2018 MetLife Inc Earnings Call TranscriptFeb 07, 2019$23.39 (-0.43%)Earnings
Q4 2022 MetLife Inc Pre Recorded Earnings Call Transcript
Hello, and thank you for joining as I discuss MetLife's results for the fourth quarter and full year of 2022. Across our well-diversified portfolio of businesses, fundamentals were solid as underwriting strengthened, higher interest rates supported core spreads, and we continue to drive a disciplined approach to expenses. All of this contributed to offsetting the impact of lower private equity returns and underscores the resilience and consistent execution of our Next Horizon strategy.
For the full year, net income was $2.4 billion, down 63% from $6.4 billion in 2021. Full year adjusted earnings were $5.5 billion, down 30% from $8 billion in 2021. Here are a few additional highlights from the full year. Our underwriting margins continue to improve as we believe COVID becomes endemic. We saw solid growth across most businesses. Our direct expense ratio was below our annual target, and we delivered a full year adjusted return on equity in line with our 12% to 14% target.
Now turning to fourth quarter results. Fourth quarter net
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