CLAIM #41153 · MetLife Inc (MET) · 2024Q1 earnings call · May 2, 2024 · due Dec 31, 2024
“And we believe that the outlook guidance we provided is still a reasonable run rate for the remainder of the year.”
Eric Clurfain · Executive
In context
“year after what was a record year in 2023. The quarter's results are primarily driven by favorable underwriting, some of which we don't expect to recur strong encaje returns and solid volume growth. And to your question, from a top line perspective, we've seen all key markets contributing to the high solid -- high single-digit PFO growth, and that was supported by a solid sales and strong persistency. So from a sales perspective, specifically, this quarter is a tough compare given that last year, we had a 36% growth, which included 2 large employee benefits and corporate pension sales in Mexico and Brazil. Now if you exclude these 2 sales from 2023, our sales are up roughly 10% year-over-year. So all in all, we're really pleased with the growth trajectory and the momentum in the region. And we believe that the outlook guidance we provided is still a reasonable run rate for the remainder of the year. Operator: And we have no other questions. I'll be turning the conference back to John Hall for closing comments. John Hall: Great. Thank you very much, operator, and thank you, everybody, for joining us this morning on a very busy day. Operator: Ladies and gentlemen, that does conclude your conference for today. Thank you for your participation. You may now disconnect.”
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SEC filings for MET ↗ · Claim quote is verbatim from the 2024Q1 earnings call.