MetLife Inc. posted results that reflected a year-over-year decline in revenue, due in part to lower net investment income. During an earnings call, executives said the company is open to M&A opportunities and that layoffs at large companies have not yet impacted the company's group business. MetLife's shares lost about 3.6% for the week, as of early afternoon trading on Feb. 3. In the property and casualty sector, Esterov said the near-term outlook for retail insurance, particularly for carriers focused on the auto space "remains extremely complicated and challenging" due to inflationary cost pressures and the limited ability for insurers to push price as much as they would like. On the commercial side, the analyst noted that underwriters are approaching "peak margin," implying that they have found a price point of rate adequacy.