Metlife Inc. (MET) released its second quarter results on Thursday, August 5, 2021. The company reported net earnings of $3.83 per share for the second quarter ending June 30, 2021. Earnings for this past quarter were up 5036 percent compared to the same period a year ago.
MetLife, Inc. was founded in 1863 and is headquartered in New York, New York. MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings.
Metlife's revenue increased 2 percent over the past trailing twelve-month period versus the previous twelve-month period. Operating margins increased to 25.45% over the same period. Net earnings for past trailing twelve months were $4413.0 million, down 38% from the prior year.
Moving on to the balance sheet, Metlife's cash levels dropped 19% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 2.85% this past year. The current ratio for Metlife now stands at 2.03. The company decreased shares outstanding by 5.13%.
Shares of MET are currently trading around $58.84. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 11.81 and price to book ratio of 0.79.