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MetLife Inc (MET.N)

MET.N on New York Stock Exchange

45.71USD
22 Jun 2018
Change (% chg)

$0.05 (+0.11%)
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Latest Key Developments (Source: Significant Developments)

Monument Re Acquires Portfolio From Metlife Europe D.A.C.
Wednesday, 20 Jun 2018 08:00am EDT 

June 20 (Reuters) - MetLife Inc ::MONUMENT RE ACQUIRES PORTFOLIO FROM METLIFE EUROPE D.A.C..MONUMENT RE - ACQUIRED RUN-OFF PORTFOLIO OF LINKED AND TRADITIONAL BUSINESS FROM METLIFE EUROPE D.A.C..MONUMENT RE - ACQUIRED THE PORTFOLIO OF BUSINESS INITIALLY THROUGH REINSURANCE TO MONUMENT RE FOLLOWED BY TRANSFER OF PORTFOLIO TO LAGUNA LIFE D.A.C..  Full Article

MetLife Names Bill O’Donnell As U.S. CFO
Wednesday, 16 May 2018 04:15pm EDT 

May 16 (Reuters) - MetLife Inc ::METLIFE NAMES BILL O’DONNELL AS U.S. CHIEF FINANCIAL OFFICER.METLIFE INC - BILL O'DONNELL HAS BEEN NAMED EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER (CFO) FOR U.S., SUCCEEDING MARLENE DEBEL.  Full Article

Fedex To Purchase $6 Bln Group Annuity Contract From Metropolitan Life Insurance Company
Tuesday, 8 May 2018 04:30pm EDT 

May 8 (Reuters) - FedEx Corp ::FEDEX TO PURCHASE $6 BILLION GROUP ANNUITY CONTRACT FROM METROPOLITAN LIFE INSURANCE COMPANY TO REDUCE PENSION OBLIGATIONS.FEDEX CORP - BY TRANSFERRING THE OBLIGATIONS TO METROPOLITAN LIFE, FEDEX WILL REDUCE ITS U.S. PENSION PLAN LIABILITIES BY APPROXIMATELY $6 BILLION.FEDEX CORP - PURCHASE OF GROUP ANNUITY CONTRACT WILL BE FUNDED DIRECTLY BY ASSETS OF PENSION PLANS.FEDEX CORP - FOLLOWING ANNUITY PURCHASE AND TRANSFER, PENSION PLANS WILL REMAIN WELL FUNDED.FEDEX CORP -TO RECOGNIZE ONE-TIME NON-CASH PENSION SETTLEMENT CHARGE, TO BE INCLUDED IN FY 2018 YEAR-END MARK-TO-MARKET PENSION ACCOUNTING ADJUSTMENTS.  Full Article

MetLife Says CFO John Hele's FY 2017 Total Compensation Was $5.3 Mln
Thursday, 26 Apr 2018 08:16am EDT 

April 26 (Reuters) - MetLife Inc ::METLIFE INC SAYS CFO JOHN HELE'S FY 2017 TOTAL COMPENSATION WAS $5.3 MILLION VERSUS $5.7 MILLION IN FY 2016 - SEC FILING.METLIFE SAYS CEO STEVEN A. KANDARIAN TOTAL COMPENSATION FOR 2017 WAS $14.7 MILLION VERSUS $15.3 MILLION IN 2016 - SEC FILING.  Full Article

Metlife Increases Second Quarter 2018 Common Stock Dividend By 5 Pct
Tuesday, 24 Apr 2018 04:15pm EDT 

April 24 (Reuters) - MetLife Inc ::REASES SECOND QUARTER 2018 COMMON STOCK DIVIDEND BY 5 PERCENT.SETS QUARTERLY DIVIDEND OF $0.42PER SHARE.  Full Article

MetLife And WeSure Form Strategic Digital Insurance Partnership
Friday, 30 Mar 2018 06:26am EDT 

March 30 (Reuters) - Metlife Inc ::METLIFE AND WESURE FORM STRATEGIC DIGITAL INSURANCE PARTNERSHIP.METLIFE - ‍STRATEGIC PARTNERSHIP TO OFFER INSURANCE SOLUTIONS TO TRAVELLERS THROUGH TENCENT'S WESURE ONLINE INSURANCE PLATFORM​.  Full Article

MetLife Confirms First Quarter 2018 Preferred Stock Dividend
Monday, 5 Mar 2018 04:15pm EST 

March 5 (Reuters) - MetLife Inc ::METLIFE CONFIRMS FIRST QUARTER 2018 PREFERRED STOCK DIVIDEND.  Full Article

Metlife Says Additional Internal Review Of Practices And Procedures Was Completed In Early 2018
Thursday, 1 Mar 2018 05:32pm EST 

March 1 (Reuters) - Metlife Inc ::METLIFE SAYS ADDITIONAL INTERNAL REVIEW OF PRACTICES AND PROCEDURES WAS COMPLETED IN EARLY 2018 - SEC FILING.METLIFE - REVIEW ON CALCULATION OF SOME RESERVES RELATED TO METLIFE HOLDINGS VARIABLE ANNUITY GUARANTEES ASSUMED FROM FORMER OPERATING JV IN JAPAN.METLIFE - AS A RESULT, CO REDUCED THE RESERVES BY $896 MILLION($582 MILLION, NET OF INCOME TAX).METLIFE - OF $896 MILLION AMOUNT, $214 MILLION INCURRED IN 2017, $682 MILLION ($443 MILLION, NET OF INCOME TAX) WAS CONSIDERED "AN ERROR".METLIFE - RECORDING ERRONEOUS AMOUNT IN Q4 2017 FINANCIAL STATEMENTS WOULD HAVE HAD A MATERIAL EFFECT ON RESULTS OF OPERATIONS FOR 2017.METLIFE - AS A RESULT OF FINANCIAL ADJUSTMENTS, RESERVES AMOUNTS PREVIOUSLY REPORTED HAVE BEEN IMMATERIALLY RESTATED.METLIFE - CO CORRECTED OTHER UNRELATED IMMATERIAL ERRORS WHICH WERE PREVIOUSLY RECORDED IN THE PERIODS THE COMPANY IDENTIFIED THEM.  Full Article

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

BRIEF-MetLife Announces New $1.5 Bln Share Repurchase Authorization

* METLIFE ANNOUNCES NEW $1.5 BILLION SHARE REPURCHASE AUTHORIZATION