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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.

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.

CNO Financial Q4 Loss Per Share $0.42

Tuesday, 13 Feb 2018 04:15pm EST

Feb 13 (Reuters) - Cno Financial Group Inc ::CNO FINANCIAL GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 OPERATING EARNINGS PER SHARE $0.51.Q4 LOSS PER SHARE $0.42.EXCLUDING ONE-TIME UNFAVORABLE IMPACTS OF TAX REFORM ACT, Q4 2017 NET INCOME WAS 61 CENTS PER DILUTED SHARE.Q4 EARNINGS PER SHARE VIEW $0.41, REVENUE VIEW $1.01 BILLION -- THOMSON REUTERS I/B/E/S.

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.

Voya Financial Announces Fourth-Quarter And Full-Year 2017 Results

Tuesday, 13 Feb 2018 04:15pm EST

Feb 13 (Reuters) - Voya Financial Inc ::VOYA FINANCIAL ANNOUNCES FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED OPERATING EARNINGS PER SHARE $0.87.Q4 LOSS PER SHARE $17.64.BOARD OF DIRECTORS AUTHORIZES AN ADDITIONAL $500 MILLION OF SHARE REPURCHASES.TOTAL AUM AND ADMINISTRATION OF $555 BILLION AS OF DECEMBER 31, 2017.QTRLY RESULTS INCLUDE ESTIMATED ONE-TIME $3.78 PER DILUTED SHARE LOSS CHARGE RELATED TO TAX CUTS AND JOBS ACT.

Trupanion Q4 Loss Per Share $0.03

Tuesday, 13 Feb 2018 04:05pm EST

Feb 13 (Reuters) - Trupanion Inc ::TRUPANION REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 LOSS PER SHARE $0.03.Q4 REVENUE $66.5 MILLION.Q4 EARNINGS PER SHARE VIEW $-0.02, REVENUE VIEW $65.3 MILLION -- THOMSON REUTERS I/B/E/S.

China Taiping Insurance Posts Jan‍ Taiping Life Insurance Co Premium Income Of RMB35.98 Bln

Tuesday, 13 Feb 2018 03:33am EST

Feb 13 (Reuters) - China Taiping Insurance Holdings Co Ltd <0966.HK>::JAN‍ TAIPING LIFE INSURANCE CO PREMIUM INCOME RMB35,978.38 MILLION VERSUS RMB38,581.03​ MILLION .

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