MetLife reports Q2 adjusted EPS $2.02, consensus $2.16

Reports Q2 revenue $17.34B, consensus $18.46B. Comment from Michel Khalaf, President and Chief Executive Officer: “This quarter, we continued to execute our New Frontier strategy to create value for our customers and shareholders. While the quarter didn’t demonstrate the full earnings power of MetLife (MET), we saw clear momentum across several of our market-leading businesses, coupled with solid underlying fundamentals. Higher sales drove revenue growth in Asia, Latin America and EMEA as we leveraged our leading positions in international markets. We continued to progress on our previously announced strategic transactions with Chariot Re, Talcott Financial Group and PineBridge Investments to accelerate our growth in asset management and capitalize on our retirement platform. And we diligently managed expenses while returning capital to shareholders. Looking ahead, we’re confident in the resiliency and all-weather nature of our New Frontier strategy and our ability to deliver on our commitments.”