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MetLife Stock Surges on Solid Q1 Earnings

TheMotleyFool

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MetLife Stock Surges on Solid Q1 EarningsPhoto, wide shot, wide-angle lens, Reinsurance company, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/490045fb-8676-41a9-be7a-bcf4281c7d92.png

MetLife's (NYSE: MET) stock surged today after the life insurance giant posted solid gains in revenue and net income in the first quarter, beating earnings estimates.

Net income jumped to $4.4 billion, or $4.75 per share, from $1.3 billion, or $1.40 per share, in the first quarter of 2019. Adjusted earnings, which is a more accurate year-over-year measure for insurance companies, was up 2% to $1.4 billion over the previous year's quarter. Adjusted earnings per share was $1.58 per share, up 3% from the first quarter of 2019. Total revenue climbed 12% in the quarter to $18.3 billion.

Image source: Getty Images

Source Fool.com

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