MetLife, Inc. (NYSE:MET) Q4 2023 Earnings Call Transcript

John McCallion: Yes. Hey, good morning, John. It’s John. So, as we said, this is something that we look at each third or fourth quarter where we conduct our experience study. This is an exposure where there is a declining claim count, but what hasn’t declined as expected or as fast as expected is some of the severe claims. So the larger claims, and that’s really what we trued up this quarter. Again, it’s kind of a runoff claim count exposure. We’ve been seeing that for some time. But in the last 12 months, we just saw a slightly different trend that we needed to adjust for. I mean the overall reserves just above 350 million.

John Barnidge: Thank you very much.

Operator: And I’ll now turn the conference back to John hall for closing remarks.

John Hall: Great. Thank you, Operator. And thank you, everybody, for joining us this morning. Have a great day.

Operator: Ladies and gentlemen, that does conclude your conference for today. Thank you for your participation. You may now disconnect.