Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Metlife Inc    MET

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Metlife Inc : MetLife Posts Wider 1Q Loss Than Projected On Larger Investment Losses

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/27/2012 | 04:08am CET

("MetLife Posts Wider 1Q Loss Than Projected On Smaller Tax Benefit," published at 4:59 p.m. EDT, and a correction at 5:38 p.m. misstated the reason for MetLife's wider loss. The correct version follows:)

MetLife Inc. (MET) reported a wider first-quarter loss than it projected last week as the life insurer posted larger net investment losses.

Last Friday, the biggest U.S. insurer reported preliminary results after inadvertently posting some of its financial data on its website ahead of the scheduled release.

The company posted a loss of $144 million, or 16 cents a share, widening from the $64 million it estimated last week and compared with the year-earlier profit of $877 million. It posted net investment losses of $110 million, versus the $30 million projected last week.

Operating earnings, which exclude investment gains and losses, came in at $1.37 a share, as reported last Friday. Operating revenue, which likewise strips out some investment effects, also was unchanged at $16.69 billion, up 6.9%.

The bottom-line result was driven by net derivative losses of $1.98 billion, while the year-earlier period's loss was a mere $315 million. Like its fellow insurers, MetLife uses derivatives to hedge a number of risks, including changes in interest rates and fluctuations in foreign currencies.

MetLife said earlier Thursday it is selling its reverse-mortgage business, its latest move to avoid increased regulatory scrutiny and stay focused on its core operations.

In March, it failed "stress tests" by the Federal Reserve that were aimed at gauging the capital adequacy of 19 of the biggest U.S. financial firms under a severe economic worsening.

MetLife shares closed Thursday at $36.47 and were inactive after hours. The stock is up 17% so far this year.

-By Lauren Pollock, Dow Jones Newswires; 212-416-2356; lauren.pollock@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on METLIFE INC
10:29a METLIFE : Announces first quarter 2017 preferred stock dividend action, subject ..
02/17 METLIFE INC : Other Events, Financial Statements and Exhibits (form 8-K)
02/17 METLIFE : Announces First Quarter 2017 Preferred Stock Dividend Action, Subject ..
02/16 METLIFE : Originates a Record $15 Billion in Commercial Real Estate Loans in 201..
02/16 METLIFE : Gulf wins the best employee benefits provider award at the mena insura..
02/16 METLIFE : Announces 8 Finalists for “collab”
02/15 METLIFE INC : Creation of a Direct Financial Obligation or an Obligation under a..
02/15 METLIFE INC : Post Earnings Coverage as MetLife's Q4 Adjusted Operating EPS Outs..
02/15 METLIFE : Gulf Wins the Best Employee Benefits Provider Award At the MENA Insura..
02/09 METLIFE : Met) Shares Sold by True Private Wealth Advisors
More news
Sector news : Life & Health Insurance - NEC
02/17DJASSICURAZIONI GENERALI : Buys 3% Stake in Intesa Sanpaolo in Defensive Move
02/17 AEGON : After shares fall, Aegon publishes U.S. solvency ratio
02/17 Allianz plays down talk of big deals as hands cash to investors
02/17 European shares retreat after week of gains; Allianz rallies after update
02/16 European shares retreat after seven sessions of gains, Cobham plunges
More sector news : Life & Health Insurance - NEC
News from SeekingAlpha
10:13a My Income Investments Are Tilted Towards Rising Interest Rates And Growth
02/14 Dollar, banks on the move as Yellen leans hawkish
02/13 MY 86 STOCK PORTFOLIO EVALUATION : Is The Price Right To Buy Using A 3 Category ..
02/06 METLIFE : That Was A Disappointment
02/02 Metlife's (MET) CEO Steve Kandarian on Q4 2016 Results - Earnings Call Transc..
Advertisement
Financials ($)
Sales 2017 68 434 M
EBIT 2017 7 998 M
Net income 2017 5 554 M
Debt 2017 -
Yield 2017 3,09%
P/E ratio 2017 10,26
P/E ratio 2018 9,68
Capi. / Sales 2017 0,85x
Capi. / Sales 2018 0,83x
Capitalization 58 221 M
More Financials
Chart METLIFE INC
Duration : Period :
Metlife Inc Technical Analysis Chart | MET | US59156R1086 | 4-Traders
Full-screen chart
Technical analysis trends METLIFE INC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 59,7 $
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Steven Albert Kandarian Chairman, President & Chief Executive Officer
Martin J. Lippert Executive VP-Global Technology & Operations
John C. R. Hele Chief Financial Officer & Executive Vice President
Jacki Goldstein Chief Medical Officer
Cheryl W. Grisé Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
METLIFE INC-1.71%58 221
AXA-6.34%57 824
PRUDENTIAL PLC-0.83%51 688
PRUDENTIAL FINANCIAL I..6.77%47 777
MANULIFE FINANCIAL COR..2.43%37 426
AFLAC INCORPORATED2.16%29 016
More Results