Discontinued — last reported Q3 '24
Group Benefits — Benefits, Losses and Expenses
MetLife Group Benefits — Benefits, Losses and Expenses increased by 2.3% to $5.99B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 7.8%, from $5.55B to $5.99B. Over 2 years (FY 2021 to FY 2023), Group Benefits — Benefits, Losses and Expenses shows relatively stable performance with a 0.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A lower ratio of these expenses relative to premiums earned indicates better underwriting performance and operational efficiency.
Detailed definition
This metric aggregates all costs associated with the Group Benefits segment, including policyholder benefits, claims inc...
Peer comparison
Equivalent to 'Total Benefits and Expenses' or 'Combined Ratio components' reported by peer group insurance segments.
met_segment_group_benefits_benefits_losses_and_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.78B | $5.78B | $5.78B | $5.68B | $5.68B | $5.68B | $5.68B | $5.97B | $5.87B | $5.55B | $5.75B | $6.29B | $5.85B | $5.99B |
| QoQ Change | — | +0.0% | +0.0% | -1.7% | +0.0% | +0.0% | +0.0% | +5.1% | -1.7% | -5.4% | +3.5% | +9.4% | -7.0% | +2.3% |
| YoY Change | — | — | — | — | -1.7% | -1.7% | -1.7% | +5.1% | +3.4% | -2.2% | +1.2% | +5.3% | -0.3% | +7.8% |
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Frequently Asked Questions
- What is MetLife's group benefits — benefits, losses and expenses?
- MetLife (MET) reported group benefits — benefits, losses and expenses of $5.99B in Q3 2024.
- How has MetLife's group benefits — benefits, losses and expenses changed year-over-year?
- MetLife's group benefits — benefits, losses and expenses increased by 7.8% year-over-year, from $5.55B to $5.99B.
- What is the long-term trend for MetLife's group benefits — benefits, losses and expenses?
- Over 2 years (2021 to 2023), MetLife's group benefits — benefits, losses and expenses has grown at a 0.0% compound annual growth rate (CAGR), from $23.11B to $23.13B.
- What does group benefits — benefits, losses and expenses mean?
- The total cost of claims, benefits, and operating expenses incurred by the Group Benefits segment.