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MetLife's investment income falls 8% to $4.6bn in Q1

Written by Adam Cadle
04/05/2023

MetLife's adjusted net investment income fell 8% to $4.6bn in Q1 2023 due to a string of high-profile bank collapses that hurt financial stocks.

The company also said its board has approved a new $3bn share buyback plan, in a sign of "financial strength and balanced approach to capital management".

CEO Michel Khalaf said 2023 is shaping up to be another year of uncertainty. "We remain focused on managing risk across economic cycles and controlling what we can to deliver for our shareholders and our stakeholders."

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