MetLife reported a rise in first-quarter profit on Wednesday, helped by higher premiums and strong returns from investments. Adjusted premiums, fees and other revenues - excluding pension risk transfers at the insurance firm - rose 4% for the first quarter from last year to $11.97 billion. A higher-for-longer interest rate environment maintained by the U.S. Federal Reserve has also helped insurers rake in more from fixed-income investments.
PRU earnings call for the period ending March 31, 2024.
Prudential Financial's (PRU) Q1 results reflect a rise in asset management fees, improved net investment spread results and favorable underwriting results, offset by higher expenses.