Current Report Filing (8-k)
October 20 2016 - 05:03PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 20, 2016
METLIFE, INC.
(Exact
Name of Registrant as Specified in Its Charter)
|
|
|
|
|
Delaware
|
|
1-15787
|
|
13-4075851
|
(State or Other Jurisdiction
of Incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
|
|
|
200 Park Avenue, New York, New York
|
|
10166-0188
|
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
212-578-2211
(Registrants Telephone Number, Including Area Code)
N/A
(Former Name or
Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
¨
|
Soliciting material pursuant to
Rule 14a-12
under the Exchange Act (17 CFR
240.14a-12)
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
¨
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
TABLE OF CONTENTS
Item 2.02.
|
Results of Operations and Financial Condition.
|
On January 12, 2016, MetLife, Inc.
(the Company) announced its plan to pursue the separation of certain businesses (the Separation). Additionally, on July 21, 2016, the Company announced that the separated business will be rebranded as Brighthouse
Financial after the Separation.
As a result of the planned Separation, in the third quarter of 2016, the Company will reorganize
its businesses into six segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings; and Brighthouse Financial. In addition, the Company will continue to report certain of its results of operations in
Corporate & Other.
Based on the planned Separation, the Company will reorganize its businesses as follows:
|
|
|
The businesses the Company plans to separate and include in Brighthouse Financial will be reflected in a new segment, Brighthouse Financial.
|
|
|
|
The businesses formerly in the Retail segment, but that the Company does not plan to include in the Brighthouse Financial segment, will be reflected in a new segment, MetLife Holdings. This segment will also include the
long-term care business, formerly reported as part of the Group, Voluntary & Worksite Benefit (GVWB) segment, and the reinsurance treaty relating to the former Japan joint venture, previously reported in Corporate & Other.
|
|
|
|
The Property & Casualty business, the Retirement & Income Solutions business (formerly known as Corporate Benefit Funding), and the Group Benefits business (consisting of the remaining components of the GVWB
business, including the individual disability insurance business previously reported in the former Retail segment), will be reflected in a new segment, U.S.
|
|
|
|
The U.S. Direct business, previously reported as part of the Latin America segment, will be disaggregated and reported in the new U.S. segment and in Corporate & Other.
|
|
|
|
The Asia and EMEA segments will remain unchanged.
|
These changes will be applied
retrospectively and will not have an impact on total consolidated operating earnings or net income in prior periods.
To aid
investors understanding of the impact of the items described above, the Company has revised the information presented in its Quarterly Financial Supplement for each of the quarters ended March 31, 2015, June 30, 2015, September 30, 2015,
December 31, 2015, March 31, 2016, and June 30, 2016 and the year-to-date periods ended December 31, 2015 and June 30, 2016, and attached such revised historical financial results (the Historical Results Financial
Supplement) to this
Form 8-K
as Exhibit 99.1.
The Historical Results Financial
Supplement attached as Exhibit 99.1 to this
Form 8-K
is furnished and not filed pursuant to instruction B.2 of Form 8-K.
Item 7.01.
|
Regulation FD Disclosure.
|
The information described under Item 2.02. Results of
Operations and Financial Condition is hereby incorporated by reference into this Item 7.01. The Historical Results Financial Supplement attached as Exhibit 99.1 to this Form 8-K is furnished and not filed pursuant to
Instruction B.2 of
Form 8-K.
Item 9.01.
|
Financial Statements and Exhibits.
|
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits
|
|
|
|
|
99.1
|
|
Historical Results Financial Supplement for the quarters ended March 31, 2015, June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016, and June 30, 2016 and the year-to-date periods ended
December 31, 2015 and June 30, 2016. The Historical Results Financial Supplement is furnished and not filed pursuant to Instruction B.2 of
Form 8-K.
|
|
|
|
|
|
EXHIBIT
|
|
|
99.1
|
|
Historical Results Financial Supplement for the quarters ended March 31, 2015, June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016, and June 30, 2016 and the year-to-date periods ended December
31, 2015 and June 30, 2016. The Historical Results Financial Supplement is furnished and not filed pursuant to Instruction B.2 of Form 8-K.
|
4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
|
|
METLIFE, INC.
|
|
|
By:
|
|
/s/ Timothy J. Ring
|
|
|
Name: Timothy J. Ring
|
|
|
Title: Senior Vice President and Secretary
|
Date: October 20, 2016
5
EXHIBIT INDEX
|
|
|
EXHIBIT
NUMBER
|
|
EXHIBIT
|
|
|
99.1
|
|
Historical Results Financial Supplement for the quarters ended March 31, 2015, June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016, and June 30, 2016 and the year-to-date periods ended December
31, 2015 and June 30, 2016. The Historical Results Financial Supplement is furnished and not filed pursuant to Instruction B.2 of Form 8-K.
|
6
MetLife (NYSE:MET)
Historical Stock Chart
From Feb 2024 to Mar 2024
MetLife (NYSE:MET)
Historical Stock Chart
From Mar 2023 to Mar 2024