MetLife reports Q3 EPS $2.37, consensus $2.32

Reports Q3 revenue $17.36B, consensus $18.69B. Comment from Michel Khalaf, President and CEO said: “MetLife (MET) delivered an excellent third quarter that reinforces the strength of our diversified business model and disciplined execution of our New Frontier strategy. Adjusted earnings per share, excluding total notable items, grew 21% year-over-year, driven by strong variable investment income, broad-based volume growth, and diligent expense management. Momentum continues to build as we head into year-end. We’ve secured $12 billion in PRT mandates in the fourth quarter to-date and launched strategic partnerships that will expand our reach and enhance access to our insurance and retirement solutions. These results demonstrate MetLife’s earnings power and our ability to deliver all-weather performance – driving responsible growth and high returns for shareholders today and in the future.”