(AOF) – Metlife posted adjusted earnings of $2.08 per share in the first quarter of 2022, down 5% year on year, but exceeding the Zacks consensus which was targeting $1.63. The insurer’s turnover for its part increased slightly, from 15.56 billion dollars a year ago to 15.76 billion in the first three months of 2022. Return on equity (ROE) rose sharply to stand at 4.3% (+2.5 points).
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Insurers are concerned about the consequences of climate change –
2021 was the fifth consecutive year
with severe natural disasters. The frequency of these events
increases with climate change
. The French Insurance Federation considers that the cumulative amount of claims due to natural events could almost double between 2020 and 2050 if compared to the period 1989-2019. More than a third of the projected increase is due to climate change. The overall bill for disasters over the next thirty years would thus amount to 143 billion euros, an increase of 93% compared to the previous three decades. This development will boost the premiums paid by professional policyholders.