MetLife Inc
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Financials : Insurance | Large Cap Value
Company profile

MetLife, Inc. is a financial services company, which offers insurance, annuities, employee benefits, and asset management services. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); and MetLife Holdings. The U.S. segment offers a range of protection products and services, such as term life insurance, variable life insurance, universal life insurance, dental, disability, and accident and health insurance. The Asia segment offers products and services to both individuals and corporations, as well as to other institutions, and their respective employees. The Latin America segment offers a broad range of products to both individuals and corporations and other institutions, including local, state and federal governments. The EMEA segment offers life insurance, accident and health insurance, retirement and savings products, and credit insurance. The MetLife Holdings segment offers variable, universal, and long-term care insurance.

Closing Price
Day's Change
-0.96 (-1.82%)
B/A Size
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10-day average volume:

Philip Morris stock rallies after profit misses but revenue rises well above forecasts

7:20 am ET February 9, 2023 (MarketWatch)

Shares of Philip Morris International Inc. (PM) climbed 2.0% in premarket trading Thursday, after the cigarette and heated tobacco seller reported fourth-quarter profit that missed expectations but sales that rose well above forecasts. Net income rose to $2.40 billion, or $1.54 a share, from $2.09 billion, or $1.34 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.23 was below the FactSet consensus of $1.26. Revenue rose 0.6% to $8.15 billion, well above the FactSet consensus of $7.50 billion. Total shipment volume grew 1.2% to 186.05 billion units, with cigarettes shipments down 2.8% to 154.03 billion units and heated tobacco up 26.1% to 32.02 billion units. "We are well on our way to becoming a majority smoke-free company, with smoke-free products accounting for almost one-third of our total net revenues for the year," said Chief Executive Jacek Olczak. The stock has advanced 11.3% over the past three months through Wednesday while the S&P 500 has gained 9.9%.

-Tomi Kilgore


(END) Dow Jones Newswires

February 09, 2023 07:20 ET (12:20 GMT)

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