ADVFN - Advanced Financial Network.
HOME» NYSE » M » MET Stock Price » MET Stock News

Metlife Share News

 Metlife Stock Price
MET Stock Price
 Metlife Stock Chart
MET Stock Chart
 Metlife Stock News
MET Stock News
 Metlife Company Information
MET Company Information
 Metlife Stock Trades
MET Stock Trades

CORRECT: MetLife Posts Wider 1Q Loss Than Projected On Smaller Tax Benefit

("MetLife Posts Wider 1Q Loss Than Projected On Smaller Tax Benefit," published at 4:44 p.m. EDT, misstated the profit figure in the third paragraph. The correct version follows:) DOW JONES NEWSWIRES MetLife Inc. (MET) reported a wider first-quarter loss than it projected last week as the life insurer cut the size of its income-tax benefit. 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 an income-tax benefit of $275 million, versus the $871 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

Stock News for Metlife (MET)
DateTimeHeadline
04/16/201516:12:24Current Report Filing (8-k)
04/15/201516:18:31Statement of Changes in Beneficial Ownership (4)
04/15/201516:18:31Statement of Changes in Beneficial Ownership (4)
04/15/201516:16:46Statement of Changes in Beneficial Ownership (4)
04/15/201516:15:55Statement of Changes in Beneficial Ownership (4)
04/15/201516:15:28Statement of Changes in Beneficial Ownership (4)
04/15/201516:15:28Statement of Changes in Beneficial Ownership (4)
04/15/201516:15:01Statement of Changes in Beneficial Ownership (4)
04/15/201516:14:37Statement of Changes in Beneficial Ownership (4)
04/15/201516:14:13Statement of Changes in Beneficial Ownership (4)
04/15/201516:13:44Statement of Changes in Beneficial Ownership (4)
04/15/201510:50:58Senior MetLife Executive to Retire in August -- 2d Update
04/15/201502:27:52Senior MetLife Executive to Retire in August
04/15/201500:54:40Senior MetLife Executive to Retire in August -- Update
04/14/201523:49:38Senior MetLife Executive Wheeler to Retire in August
04/14/201508:51:14MetLife -1.5% as Americas head sets exit
04/14/201508:35:00MetLife Announces Bill Wheelerâs Retirement
04/11/201509:16:26I Never Really Liked Goldilocks
04/09/201509:00:00MetLife to Hold Conference Call for First Quarter 2015 Results
04/07/201509:00:00Neuberger Berman Elects Metlife CEO Steven A. Kandarian To Its...

Metlife and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad