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MetLife Inc (MET.N)

MET.N on New York Stock Exchange

46.95USD
21 Feb 2018
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$0.06 (+0.13%)
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Latest Key Developments (Source: Significant Developments)

Metlife Says Gerald L. Hassell Named To Board With Immediate Effect
Tuesday, 20 Feb 2018 04:15pm EST 

Feb 20 (Reuters) - Metlife Inc ::METLIFE ANNOUNCES CHANGE TO BOARD OF DIRECTORS.METLIFE INC - GERALD L. HASSELL NAMED TO BOARD WITH IMMEDIATE EFFECT.METLIFE INC - ALFRED KELLY JR WILL NOT SEEK RE-ELECTION.METLIFE INC - HASSELL MOST RECENTLY SERVED AS CHAIRMAN AND CEO OF BANK OF NEW YORK MELLON CORP.METLIFE INC - WITH ADDITION OF HASSELL, METLIFE BOARD IS NOW COMPRISED OF 12 DIRECTORS.  Full Article

MetLife to "hold people accountable" for pension payments mishap - CEO
Wednesday, 14 Feb 2018 09:06am EST 

Feb 14 (Reuters) - Metlife Inc ::CEO SAYS COMPANY IS "TAKING ACTION TO HOLD PEOPLE ACCOUNTABLE" FOR MISSING PENSION PAYMENT ISSUES - CALL.CEO SAYS COMPANY WILL BEGIN PAYMENTS TO MISSING PENSIONERS "AS SOON AS THEY ELECT TO START THEIR BENEFITS" - CALL.WILL PAY INTEREST ON BACK PAYMENTS AT RATE COMPARABLE TO WHAT FEDERAL PENSION BENEFIT GUARANTEE CORP USES, RESERVE CHARGE INCLUDES THE AMOUNT - CALL.INTENDS TO COMPLETE $2 BILLION SHARE BUYBACK AUTHORIZATION AND EXECUTE OFFER FOR REMAINING BRIGHTHOUSE FINANCIAL INC <<>> STAKE BEFORE 2018 END-CEO.CFO SAYS EXPECTS EFFECTIVE U.S. TAX RATE OF 18 PERCENT TO 20 PERCENT - CALL.CEO SAYS EXPECTS EXPENSES FOR SEARCH TO FIND MISSING PENSIONERS WILL BE "ABSORBED BY THE BUSINESS" - CALL.CEO SAYS THERE MAY BE COSTS FOR INVESTIGATIONS RELATED TO MISSING PENSIONERS AND SLIGHTLY HIGHER EXPENSES, BUT WITHIN EXPENSE RANGE FOR YEAR - CALL.CEO SAYS WILL NEED TO "FILE WITH SEC" FOR "SOME NO ACTION RELIEF" RELATED TO SALE OF BRIGHTHOUSE FINANCIAL INC <<>> STAKE.CEO SAYS COMPANY HAS NOT YET RESERVED LEGAL COSTS FOR REGULATORS' PENSION PAYMENTS INVESTIGATIONS BECAUSE FIGURE IS PRESENTLY UNKNOWN.  Full Article

Metropolitan Life Insurance Co Says Has Material Weakness In Internal Controls Over Financial Reporting Due To Those Described By Parent, Metlife​
Tuesday, 13 Feb 2018 06:04pm EST 

Feb 13 (Reuters) - Metlife Inc ::METROPOLITAN LIFE INSURANCE COMPANY SAYS HAS MATERIAL WEAKNESS IN INTERNAL CONTROLS OVER FINANCIAL REPORTING DUE TO THOSE DESCRIBED BY PARENT, METLIFE​.METROPOLITAN LIFE INSURANCE - WILL DISCLOSE DETAILS ABOUT IMPACT OF ITS MATERIAL WEAKNESS AND ITS REMEDIATION EFFORTS IN ANNUAL REPORT - SEC FILING.  Full Article

Metlife Inc Says Group Annuity Reserve Correction Goes Back To About 25 Years
Tuesday, 13 Feb 2018 05:26pm EST 

Feb 13 (Reuters) - Metlife Inc ::METLIFE INC SAYS ADMINISTRATIVE PRACTICES ARE NOT SUFFICIENT TO ALLOW FOR GROUP ANNUITY RESERVES TO BE RELEASED.METLIFE INC SAYS NO CHANGE TO CAPITAL MANAGEMENT PLANS IN 2018 - SEC FILING.METLIFE INC SAYS GROUP ANNUITY RESERVE CORRECTION GOES BACK TO ABOUT 25 YEARS.  Full Article

Metlife Says Management Identified Material Weakness Related To Group Annuity Reserves
Tuesday, 13 Feb 2018 05:25pm EST 

Feb 13 (Reuters) - Metlife Inc ::METLIFE INC SAYS MANAGEMENT HAS IDENTIFIED A MATERIAL WEAKNESS RELATED TO GROUP ANNUITY RESERVES.SAYS WILL HIRE THIRD PARTY ADVISORS TO CONDUCT COMPREHENSIVE EXAMINATION LED BY CHIEF RISK OFFICER‍​.SEES CORPORATE & OTHER ADJUSTED LOSS OF $700-$900 MILLION AFTER-TAX IN 2018 EX. EXPENSE INITIATIVE COSTS‍​.SAYS INTIAL STEPS TO REMEDIATE MATERIAL WEAKNESS INCLUDE CORRECT ADMINISTRATIVE PRACTICES OF RELEASING RESERVES TO ENSURE IMPROVEMENTS ARE MADE.SAYS MAINTAINING AVERAGE. 2018-2019 FCF TARGET OF 65-75 PCT‍​.METLIFE SAYS TO REVISE NET INCOME FOR 2016 AND PRIOR YEARS TO INCLUDE A $241 MILLION POST-TAX RESERVE CHARGE.  Full Article

MetLife Inc Reports Q4 Adjusted Share of $0.64
Tuesday, 13 Feb 2018 04:15pm EST 

Feb 13 (Reuters) - Metlife Inc ::METLIFE INC - QTRLY EARNINGS PER SHARE $1.97; QTRLY ADJUSTED EARNINGS PER SHARE $0.64; QTRLY TOTAL REVENUE $15.75 BILLION VERSUS $12.63 BILLION.METLIFE INC - QTRLY NET INCOME INCLUDES $70 MILLION AFTER-TAX CHARGE RELATED TO INCREASING CERTAIN RETIREMENT & INCOME SOLUTIONS POLICY RESERVES.METLIFE INC - IMPACT OF RESERVE CHARGE ON Q4, FY EARNINGS & MATERIAL WEAKNESS THAT LED CO TO DELAY EARNINGS ANNOUNCEMENT "ARE UNACCEPTABLE AND DEEPLY DISAPPOINTING".METLIFE INC - QTRLY NET INCOME ALSO INCLUDES $1.2 BILLION AFTER-TAX BENEFIT RELATED TO IMPACT OF U.S. TAX REFORM WHICH INCLUDES A NEGATIVE IMPACT TO ADJUSTED EARNINGS OF $298 MILLION.METLIFE INC - QTRLY PREMIUMS, FEES & OTHER REVENUE $11.3 BILLION, UP 3 PERCENT.METLIFE INC - QTRLY NET INVESTMENT INCOME, AS REPORTED ON ADJUSTED BASIS, WAS $4.1 BILLION, DOWN 1 PERCENT.METLIFE INC - AT QUARTER-END, BOOK VALUE WAS $53.57 PER SHARE, DOWN 10 PERCENT, PRIMARILY DUE TO SEPARATION OF BRIGHTHOUSE FINANCIAL.  Full Article

Metlife To Invest Tax Savings In Employees
Monday, 12 Feb 2018 08:30am EST 

Feb 12 (Reuters) - Metlife Inc ::METLIFE TO INVEST TAX SAVINGS IN EMPLOYEES.METLIFE INC - ‍ESTABLISHING A COMPANY MINIMUM WAGE OF $15 AN HOUR​.METLIFE INC - ESTABLISHING A WORKFORCE OF FUTURE DEVELOPMENT FUND; COMPANY WILL INVEST $10 MILLION.METLIFE INC - ‍ESTABLISHING A MINIMUM METLIFE-PROVIDED GROUP LIFE INSURANCE BENEFIT OF $75,000, REGARDLESS OF EMPLOYEE'S PAY​.METLIFE - FOR ALL ELIGIBLE U.S. EMPLOYEES, CO INTRODUCING $300 MINIMUM MONTHLY CREDIT FOR CASH-BALANCE FORMULA OF COMPANY'S DEFINED BENEFIT PENSION PLAN.  Full Article

MetLife Intends To Merge Two Subsidiaries
Tuesday, 16 Jan 2018 04:15pm EST 

Jan 16 (Reuters) - MetLife Inc ::METLIFE ANNOUNCES PLANNED MERGER OF TWO SUBSIDIARIES.METLIFE INC - ‍INTENDS TO MERGE SUBSIDIARY, GENERAL AMERICAN LIFE INSURANCE COMPANY, INTO ANOTHER SUBSIDIARY, METROPOLITAN TOWER LIFE INSURANCE COMPANY​.METLIFE - METROPOLITAN TOWER LIFE INSURANCE COMPANY WILL CONTINUE AS SURVIVING ENTITY AFTER MERGER; MERGED ENTITY WILL BE DOMICILED IN NEBRASKA.  Full Article

Metlife Inc Announces Launch Of Two Insurtech Investment Programs For Start-Up Cos
Monday, 8 Jan 2018 07:30am EST 

Jan 8 (Reuters) - Metlife Inc ::METLIFE INC - ANNOUNCED LAUNCH OF TWO INSURTECH INVESTMENT PROGRAMS FOR START-UP COS, METLIFE DIGITAL VENTURES AND METLIFE DIGITAL ACCELERATOR.  Full Article

MetLife Sets Quarterly Dividend Of $0.40 Per Share
Friday, 5 Jan 2018 04:15pm EST 

Jan 5 (Reuters) - MetLife Inc ::SETS QUARTERLY DIVIDEND OF $0.40PER SHARE.  Full Article

BRIEF-Metlife Says Gerald L. Hassell Named To Board With Immediate Effect

* METLIFE INC - GERALD L. HASSELL NAMED TO BOARD WITH IMMEDIATE EFFECT