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Metlife Inc (MET.N)

MET.N on New York Stock Exchange

51.05USD
26 May 2017
Change (% chg)

$-0.14 (-0.27%)
Prev Close
$51.19
Open
$51.14
Day's High
$51.28
Day's Low
$50.96
Volume
739,996
Avg. Vol
1,423,407
52-wk High
$58.09
52-wk Low
$36.18

Latest Key Developments (Source: Significant Developments)

Metlife began restructuring derivative hedges
Friday, 5 May 2017 06:57am EDT 

May 5 (Reuters) - Metlife Inc : :Metlife - during Q1, began restructuring some derivative hedges to partially stabilize volatility from nonqualified interest rate derivatives .Metlife - began restructuring derivative hedges "to help meet prospective dividend and free cash flow objectives under varying interest rate scenarios".Metlife - restructuring of hedge program outside of brighthouse financial segment is "substantially complete" in meeting co's initial objectives.Metlife - as part of restructuring, replaced certain nonqualified derivatives with derivatives that qualify for hedge accounting treatment.Metlife says as part of restructuring, co also entered replication transactions using interest rate swaps.Metlife - anticipate co will need to undertake certain additional tasks to comply with certain exemptions provided in dol regulations related to ERISA.Metlife - application of rules related to ERISA on June 9, in light of rule reconsideration requested by president Trump, could negatively impact product sales.Metlife - operating expenses within businesses could increase as a result of uncertainties during negotiation period and upon UK’s withdrawal from EU.Metlife - UK business model utilizes certain rights to operate cross-border insurance, investment operations which may be modified/eliminated if UK exits EU.Metlife - if current rules on government procurement under NAFTA modified or eliminated, it could materially impact business in Mexico, given co's business model.  Full Article

MetLife will not have approvals for Brighthouse spinoff in 2017 first half
Thursday, 4 May 2017 09:15am EDT 

May 4 (Reuters) - MetLife, Inc. :Refreshed hedging strategy to prevent free cash flow from falling interest rates - call.Much of MetLife's first quarter derivatives loss was driven by strength in the u.s. Equity markets and separation of Brighthouse financial - call.MetLife expects effective tax rate of 21 percent to 22 percent, driven by non-u.s. Operations that have tax rate lower than 35 percent-conf call.MetLife expects targeted rate increases in auto of 7 percent in continuing year - conf call.There is no material change to MetLife's low interest hedges - conf call.MetLife would be interested in making a group life acquisition if an opportunity became available - conf call.MetLife's revised hedging strategy within Brighthouse Financial includes instruments with one to three year durations-conf call.MetLife says will not have the necessary approvals to complete spin-off of Brighthouse Financial in first half of 2017 - conf call.MetLife says does not have exact estimate of when spin-off will be complete, but hopeful it will be in the coming months - conf call.MetLife says on track to fully execute $3 billion repurchase authorization by year-end 2017 - conf call.  Full Article

Metlife Q1 shr $0.75; Q1 oper shr $1.41
Wednesday, 3 May 2017 04:15pm EDT 

May 3 (Reuters) - Metlife Inc :Q1 earnings per share $0.75; q1 operating earnings per share $1.41; q1 total operating revenue $16.88 billion, up 2 percent.Q1 earnings per share view $1.27, revenue view $17.08 billion -- Thomson Reuters I/B/E/S.Metlife q1 premiums, fees & other revenues $11.99 billion, down 4 percent.Metlife q1 net investment income $5.20 billion, up 14 percent.Metlife says at quarter-end, book value, excluding aoci other than fcta, was $50.52 per share, down 5 percent from $53.31 at march 31, 2016.Metlife - q1 net income includes $602 million, after tax, in net derivative losses compared with $868 million, after tax, in net derivative gains in q1 2016.Metlife says in q1, rising equity markets and costs associated with repositioning hedging strategies contributed to net derivative losses.Metlife says brighthouse financial reported q1 operating earnings of $244 million, down 25 percent.  Full Article

Metlife chairman says from 2016 through 2019, company plans to invest $1 bln in efficiency enhancements - shareholder letter
Thursday, 27 Apr 2017 09:29am EDT 

April 27 (Reuters) - Metlife Inc ::Metlife chairman in shareholder letter says in U.S. and abroad, will continue to allow "older, more capital intensive" liabilities to run off in 2017.Metlife chairman says from 2016 through 2019, we plan to invest $1 billion in efficiency enhancements - shareholder letter.Metlife Inc - “for 2017, we are on track to return close to $4.5 billion of capital to our shareholders”.Metlife chairman says "U.S. federal regulatory outlook is now more positive than it has been in nearly a decade" - shareholder letter.Metlife chairman says "prospect for pro-growth tax reform has also brightened" - shareholder letter.Metlife chairman says optimistic that reducing U.S. corporate income tax rate will make U.S. companies "more competitive globally".Metlife Chairman says intend to maintain common stock annual dividend at $1.60/share after separation of Brighthouse Financial, and grow it over time.Metlife chairman says "the time is long past due for the federal reserve to fully normalize U.S. monetary policy".  Full Article

Metlife sets quarterly dividend of $0.40 per share
Tuesday, 25 Apr 2017 04:15pm EDT 

April 25 (Reuters) - Metlife Inc ::Sets quarterly dividend of $0.40 per share.  Full Article

Metlife confirms Q1 2017 preferred stock dividend
Monday, 6 Mar 2017 04:15pm EST 

Metlife Inc : Metlife confirms first quarter 2017 preferred stock dividend .Metlife -confirmed previously announced declaration of q1 2017 dividend of $0.25 per share on floating rate non-cumulative preferred stock, series a.  Full Article

Metlife says originated $3.6 bln in agricultural loans in 2016
Thursday, 2 Mar 2017 09:28am EST 

Metlife Inc :Metlife Inc - company originated $3.6 billion in agricultural loans in 2016 through its subsidiaries and affiliates.  Full Article

Metlife reports Q1 2017 dividend of 25 cents/shr on preferred stock
Friday, 17 Feb 2017 04:15pm EST 

Metlife Inc : Metlife announces first quarter 2017 preferred stock dividend action, subject to final confirmation .Metlife says declared a Q1 2017 dividend of $0.25 per share on company's floating rate non-cumulative preferred stock, series A.  Full Article

Metlife investment portollo starting to benefit from higher interest rates, ceo says
Thursday, 2 Feb 2017 09:26am EST 

ceo : Says early 2017 sales are "solid," expects pfo growth to be at higher range of 3-5 percent -cfo . Metlife continues to see "favorable shift to higher margin products" in emea-cfo . Metlife says looking at hedging strategiesn examining various options after q4 derivatives loss driven by interest hike, accounting rules-cfo .Metlife working with fasb on possible accounting rule changes for hedging by insuers-conf call.  Full Article

Metlife reports Q4 operating EPS $1.28
Wednesday, 1 Feb 2017 04:22pm EST 

Metlife Inc - : Announces fourth quarter and full year 2016 results . Q4 operating earnings per share $1.28 . Q4 earnings per share view $1.34 -- Thomson Reuters I/B/E/S . Q4 loss per share $1.94 . Qtrly premiums, fees & other revenues were $12.4 billion, down 1 percent over Q4 of 2015 . Q4 total operating revenue $17,203 million versus $17,111 million last year . Qtrly net investment income was $5.0 billion, up 4 percent . Quarter-end book value, excluding AOCI other than FCTA, was $49.83 per share, down 3 percent from $51.15 at Dec. 31, 2015 .Q4 net loss includes $3.2 billion, after tax, in net derivative losses.  Full Article

More From Around the Web

MetLife's Brighthouse unit unveils new annuity; Wells Fargo to distribute

Brighthouse Financial, the consumer life insurance and annuity unit created by MetLife Inc, on Monday unveiled its first new product, a deferred annuity whose performance is tied to one of three investment indexes.