MetLife (NYSE:MET) reported Q1 adjusted earnings of $1.52 per share, down from $2.04 a year earlier.
Analysts polled by Capital IQ expected $1.86.
Total revenue for the quarter ended March 31 was $15.39 billion, slightly down from $15.41 billion a year earlier.
In a separate statement, MetLife said it has set a new $3 billion authorization to buy back its shares. The new authorization is in addition to the $202 million remaining under the company’s previous authorization announced in May of last year.