What is MetLife's latin america — benefits, losses and expenses?

MetLife (MET) reported latin america — benefits, losses and expenses of $1.62B in Q3 2024.

How has MetLife's latin america — benefits, losses and expenses changed year-over-year?

MetLife's latin america — benefits, losses and expenses increased by 3.5% year-over-year, from $1.57B to $1.62B.

What is the long-term trend for MetLife's latin america — benefits, losses and expenses?

Over 2 years (2021 to 2023), MetLife's latin america — benefits, losses and expenses has grown at a 15.6% compound annual growth rate (CAGR), from $4.67B to $6.23B.

What does latin america — benefits, losses and expenses mean?

The total cost of paying claims and operating the insurance business in the Latin American region.

Discontinued — last reported Q3 '24

Business Segments · Benefits, Losses and Expenses

Latin America — Benefits, Losses and Expenses

MetLife Latin America — Benefits, Losses and Expenses increased by 1.8% to $1.62B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $1.57B to $1.62B. Over 2 years (FY 2021 to FY 2023), Latin America — Benefits, Losses and Expenses shows an upward trend with a 15.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2016

Last reportedQ3 2024

How to read this metric

A lower ratio relative to premiums earned indicates higher underwriting efficiency and better profitability.

Detailed definition

Aggregates all costs associated with policyholder benefits, claims incurred, and the operational expenses required to ma...

Peer comparison

Standard metric across the insurance industry, often referred to as 'Total Benefits and Expenses'.

Metric ID: met_segment_latin_america_benefits_losses_and_expenses

Historical Data

14 periods

	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	$1.11B	$1.27B	$1.17B	$1.16B	$1.24B	$1.30B	$1.34B	$1.45B	$1.52B	$1.57B	$1.70B	$1.55B	$1.59B	$1.62B
QoQ Change	—	+14.0%	-7.5%	-0.9%	+6.7%	+5.1%	+2.8%	+8.1%	+5.1%	+3.0%	+8.3%	-8.6%	+2.7%	+1.8%
YoY Change	—	—	—	—	+11.5%	+2.8%	+14.3%	+24.7%	+22.8%	+20.4%	+26.7%	+7.1%	+4.7%	+3.5%

Range$1.11B – $1.70B

CAGR+12.3%

Avg YoY Growth+13.9%

Median YoY Growth+12.9%

Current Streak2 quarters growth

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Frequently Asked Questions

What is MetLife's latin america — benefits, losses and expenses?: MetLife (MET) reported latin america — benefits, losses and expenses of $1.62B in Q3 2024.
How has MetLife's latin america — benefits, losses and expenses changed year-over-year?: MetLife's latin america — benefits, losses and expenses increased by 3.5% year-over-year, from $1.57B to $1.62B.
What is the long-term trend for MetLife's latin america — benefits, losses and expenses?: Over 2 years (2021 to 2023), MetLife's latin america — benefits, losses and expenses has grown at a 15.6% compound annual growth rate (CAGR), from $4.67B to $6.23B.
What does latin america — benefits, losses and expenses mean?: The total cost of paying claims and operating the insurance business in the Latin American region.