MetLife also booked the highest amount of net investment income from the group for the quarter at $5.18 billion.ĭuring MetLife's fourth-quarter earnings call, CEO Michel Khalaf said the company was open to M&A opportunities and expressed confidence in the insurer's philosophy around capital deployment despite the risk of a potential recession.Įarnings were lower in the fourth quarter for most life insurers in the group, with only a handful showing improvement. saw its portfolio revenue grow slightly to $4.98 billion in the fourth quarter of 2022, from $4.91 billion in the fourth quarter of 2021.
Portfolio revenues also dropped among the vast majority of the largest US life insurers during the fourth quarter of 2022. was the only exception among the group, booking $1.90 billion in total revenue in the fourth quarter, an increase from $1.74 billion in total revenue in the year-ago period.ĭuring Genworth's most recent earnings call, CEO Thomas McInerney said the company is making progress on a multi-phased go-to-market strategy for its long-planned, less capital-intensive senior care services business, part of which is supposed to be piloted during the first half of 2023. Most of the leading US life insurers experienced a year-over-year drop in total revenues in the fourth quarter of 2022.
0 kommentar(er)
