Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 07/25 07:39:29 pm
42.89 USD   -0.86%
07/24 MICROSOFT CORPO : MSFT) & Metlife Inc Eye-Catching Stocks
07/23 Insurers seek more time to comment on new capital requirements
07/22 METLIFE : to rebrand Charlotte-based U.S. retail business as Brighth..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CEST

("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
07/24 MICROSOFT CORPORATION (NASDAQ : MSFT) & Metlife Inc Eye-Catching Stocks
07/23 Insurers seek more time to comment on new capital requirements
07/22 METLIFE : to rebrand Charlotte-based U.S. retail business as Brighthouse Financi..
07/21 BRIEF : MetLife to rebrand Charlotte-based U.S. retail business as Brighthouse F..
07/21 METLIFE : Thomas Metzler Joins MetLife Investment Management as Managing Directo..
07/21DJMETLIFE : to Part Ways With Business Unit But Not Its Name
07/21DJMETLIFE : to Part Ways With Business Unit But Not Its Name
07/21 METLIFE : U.S. Retail Business to Rebrand as Brighthouse Financial
07/20 METLIFE : Agricultural Finance Forecasts U.S. Housing Starts to be 16 Percent Be..
07/19 METLIFE : Schwab Charles Investment Management INC Decreased Stake in Metlife IN..
More news
Sector news : Life & Health Insurance - NEC
07/20DJALLIANCEBERNSTEIN : Citadel Hiring About 17 Portfolio Managers From Shuttered He..
07/20 Smart cars could nudge insurers on to hard shoulder
07/19 PRUDENTIAL : fined for authorizing fraudulent annuity withdrawals
07/18 ICICI Pru Life files for India's biggest IPO in six years
07/14DJMessaging-App Operator Line Surges in Trading Debut
More sector news : Life & Health Insurance - NEC
News from SeekingAlpha
07:24a Dividend Investors Should Research These 10 Stocks - July 2016
07/22 6 MONTH PORTFOLIO UPDATE : Good News, Double-Digit Increase In Both Income And V..
07/22 Big Bank Breakup On The Way
07/21 MetLife to rebrand U.S. retail business
07/18 Jon Corzine Was A Fortune Teller Ahead Of His Time
Advertisement
Financials ($)
Sales 2016 68 160 M
EBIT 2016 7 840 M
Net income 2016 6 178 M
Debt 2016 -
Yield 2016 3,72%
P/E ratio 2016 7,73
P/E ratio 2017 7,59
Capi. / Sales 2016 0,70x
Capi. / Sales 2017 0,68x
Capitalization 47 528 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
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 49,9 $
Spread / Average Target 15%
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-10.27%47 528
AXA-29.33%47 438
PRUDENTIAL PLC-13.00%45 018
PRUDENTIAL FINANCIAL I..-6.94%33 486
AFLAC INCORPORATED22.69%30 424
MANULIFE FINANCIAL COR..-10.74%27 353
More Results