JHVEPhoto/iStock Editorial via Getty Images MetLife ( MET ) estimates that its Q1 variable investment income will be ~$475M-$525M before taxes, or about 30%-32% of its full-year guidance of $1.6B, the insurance company disclosed on Tuesday in an SEC filing. Variable investment income includes private equity, real estate, and other funds and prepayment fees. The Q1 preliminary number is about level...
JHVEPhoto/iStock Editorial via Getty Images MetLife ( MET ) estimates that its Q1 variable investment income will be ~$475M-$525M before taxes, or about 30%-32% of its full-year guidance of $1.6B, the insurance company disclosed on Tuesday in an SEC filing. Variable investment income includes private equity, real estate, and other funds and prepayment fees. The Q1 preliminary number is about level with its Q4 2025 variable investment income of $497M and about 45%-61% higher than Q1 2025's variable investment income of $327M. More on MetLife MetLife, Inc. (MET) Presents at 47th Annual Raymond James Institutional Investor Conference Transcript MetLife, Inc. (MET) Presents at Bank of America Financial Services Conference 2026 Transcript MetLife, Inc. 2025 Q4 - Results - Earnings Call Presentation U.S. Treasury to consult insurance regulators on rising private credit risks: report MetLife declares Q1 2026 preferred stock dividends
Apple (AAPL) stock has lost about 4.6% year to date, at the time of writing, Monday afternoon, April 6, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is down close to 3.5% in the same period. And while Apple is slightly lagging the S&P 500, so are the rest of the ...
Apple (AAPL) stock has lost about 4.6% year to date, at the time of writing, Monday afternoon, April 6, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is down close to 3.5% in the same period. And while Apple is slightly lagging the S&P 500, so are the rest of the ...
Maskot/DigitalVision via Getty Images Summary I gave a buy rating to Veeva Systems ( VEEV ) as I expected revenue growth to accelerate given that VEEV saw strong adoption of its Vault CRM and also that the IQVIA dispute had been resolved. My view is more positive now (reiterate buy). VEEV’s growth strength is no longer limited to CRM migration alone. R&D and Quality are showing traction, Commercia...
Maskot/DigitalVision via Getty Images Summary I gave a buy rating to Veeva Systems ( VEEV ) as I expected revenue growth to accelerate given that VEEV saw strong adoption of its Vault CRM and also that the IQVIA dispute had been resolved. My view is more positive now (reiterate buy). VEEV’s growth strength is no longer limited to CRM migration alone. R&D and Quality are showing traction, Commercial is starting to pull through adjacent solutions, and AI looks more like a tailwind than a threat. R&D and Quality The biggest development is in R&D and Quality. In my earlier thesis, my view on R&D was mostly about strong demand in clinical, regulatory, and quality workflows. Clearly, things have progressed in the right direction, as the wins are spreading across more products, not just the core products. The evidence to back this is: A top 20 biopharma selected Veeva RTSM (Randomization and Trial Supply Management) as its enterprise standard; and Safety won its sixth top 20 biopharma customer in the quarter; and The first top 20 biopharma went live on Workbench and Signal; and Even in regulatory, the 19th of the top 20 biopharma selected Submissions as part of a multi-year transformation deal; and As for quality, VEEV added 20 QualityDocs customers and 27 QMS (Quality Management System) customers in the quarter, including a top 20 biopharma that selected QMS as its global standard. This led to VEEV ending the year with 450 QMS customers, including 15 of the top 20 biopharmas. Finally, LIMS (Laboratory Information Management System) also saw its first top 20 early adopter on track to have two manufacturing sites live later this year. While we don’t know the exact revenue/profit contribution from each of these, they are sufficient to support my bull case. It is increasingly clear that VEEV is able to drive adoption beyond its core products, and it is getting pulled into more systems, more teams, and more workflows across the customer base. My belief is that in such cases, i...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Matt Day and Brody Ford look at the challenge Microsoft faces to keep up with demand for AI services. Tech Across the Globe Samsung smash : South Korea’s most valuable company reported preliminary operating profit that far surpassed estimates. It marked an eightfold leap ...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Matt Day and Brody Ford look at the challenge Microsoft faces to keep up with demand for AI services. Tech Across the Globe Samsung smash : South Korea’s most valuable company reported preliminary operating profit that far surpassed estimates. It marked an eightfold leap in quarterly profit for the March period, as memory prices rocketed up. AI copying : Rivals OpenAI, Anthropic and Google have begun working together to try to clamp down on Chinese competitors extracting results from cutting-edge US AI models. Amazon agrees to postal pact : The e-commerce titan reached a deal with the US Postal Service to ensure the carrier delivers about 1 billion packages a year to Amazon customers. Oracle names CFO : The software company named a new chief financial officer to help navigate its expansive — and expensive — plans to build AI data centers. Revalued Firmus Technologies , a data center builder backed by Nvidia, raised $505 million in a round that values the Australian startup at $5.5 billion. Firmus, which has data center projects in Australia and Singapore, now has raised $1.35 billion in the past six months. Thrill ride Microsoft’s ride on the artificial intelligence roller coaster looks a lot like that of many companies. It just started faster. The software giant, an early investor in OpenAI, throttled back data center expansion plans around the end of 2024 after Amy Hood, the chief financial officer, cast a skeptical eye toward internal projections suggesting ever-growing demand for AI and cloud services. Hood’s decision was intended as an act of financial prudence. Microsoft, a more experienced builder of software than structures, was in unfamiliar territory . At the time, it was spending more in one quarter on capital expenditures than Microsoft had been doing in an entire year. But Hood’s caution sparked criticism inside and outside the...
HOT TOPICS Qingming holiday travel An estimated 845.4 million cross-regional trips were made in China during the three-day Qingming Festival holiday from April 4 to 6. This represents a 6% increase from the same holiday period last year. Consumer goods trade-in A national teleconference on the consumer goods trade-in program stressed the need to accelerate data sharing between central and local go...
HOT TOPICS Qingming holiday travel An estimated 845.4 million cross-regional trips were made in China during the three-day Qingming Festival holiday from April 4 to 6. This represents a 6% increase from the same holiday period last year. Consumer goods trade-in A national teleconference on the consumer goods trade-in program stressed the need to accelerate data sharing between central and local government platforms. The meeting called for improving the efficiency of subsidy reviews and disbursements, optimizing consumer experience, and cracking down on subsidy fraud to ensure funds are used effectively.