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MetLife ● For Immediate Release I Global Communications I MetLife , Inc. NEW YORK , May 5 , 2021 - MetLife , Inc. ( NYSE : MET ) today announced its first quarter 2021 results . ● METLIFE ANNOUNCES FIRST QUARTER 2021 RESULTS First Quarter Results Summary Net income of $ 290 million , or $ 0.33 per share , compared to net income of $ 4.4 billion , or $ 4.75 per share , in the first quarter of 2020 . Adjusted earnings of $ 2.0 billion , or $ 2.20 per share , compared to adjusted earnings of $ 1.4 billion , or $ 1.58 per share , in the first quarter of 2020 . Book value of $ 70.08 per share , down 3 percent from $ 72.62 per share at March 31 , 2020 . Book value , excluding accumulated other comprehensive income ( AOCI ) other than foreign currency translation adjustments ( FCTA ) , of $ 53.16 per share , up 2 percent from $ 52.36 per share at March 31 , 2020 . Return on equity ( ROE ) of 1.8 percent . Adjusted ROE , excluding AOCI other than FCTA , of 16.5 percent . Holding company cash and liquid assets of $ 3.8 billion at March 31 , 2021 , which is within the target cash buffer of $ 3.0 - $ 4.0 billion . " MetLife delivered very strong financial performance in the first quarter with adjusted earnings per share growing 39 percent year over year , " said MetLife President and CEO Michel Khalaf . " In the quarter , we were very pleased to return approximately $ 1.4 billion to shareholders through share repurchases and common stock dividends . " We believe the worst impact of the pandemic on our business performance is behind us , and we are well - positioned to create additional value for our stakeholders in the future . " Page 1 of 26