MetLife (MET)

MetLife (MET)

Postby winston » Fri Jul 31, 2009 7:03 am

MetLife posts $1.4 billion quarterly net loss

NEW YORK (Reuters) - MetLife (MET.N), the largest U.S. life insurer, on Thursday posted a quarterly net loss of $1.4 billion, as investment losses left its balance sheet in the red for the second consecutive quarter.

But the New York-based insurer's operating earnings, which excluded the investment losses, were better than expected, helped by stronger premium and fee income.

MetLife's net loss was equal to $1.74 a share, compared with a profit of $915 million, $1.26 a share, a year ago.

The loss included after-tax realized losses of $2.6 billion -- $1.8 billion of which stemmed from losses on derivatives. Derivatives are a type of structured investment tied to the value of underlying assets.

MetLife said the write-downs were consistent with its expectations.

Life insurers such as MetLife and its next biggest rival, Prudential Financial (PRU.N), which reports its earnings next week, have been particularly susceptible to recent turmoil in the credit markets. The industry as a whole holds trillions of dollars of investments, and is one of America's biggest commercial real estate investors.

Excluding the losses, MetLife's operating earnings were $723 million, or 88 cents a share, compared with $887 million, or $1.22 a share, in the year-ago period.

Analysts on average expected MetLife to post operating earnings of 68 cents a share, according to Reuters Estimates.

Premiums, fees and other revenue rose 6 percent to $8.4 billion in the quarter, but net investment income fell 10 percent to $3.9 billion.

Shares closed up 4 percent at $33.57 on Thursday but were down about 1.4 percent in post-market trading.
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Re: MetLife (MET)

Postby kennynah » Fri Jul 31, 2009 12:13 pm

but this was better than expected...and so after hours... this counter ended more than it closed at 4am...

mai siao siao.... no guarantee that poor earnings report means stock price tank....
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Re: MetLife (MET)

Postby winston » Tue Mar 22, 2016 10:25 am

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MetLife Inc Is a Cherry Everyone Is Missing (MET)

As the economy recovers Metlife will be ripe for the picking

By Lior Alkalay

Source: Investor Place

http://investorplace.com/2016/03/metlif ... vCsWvl96M8
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Re: MetLife (MET)

Postby winston » Sun Jun 26, 2016 3:47 pm

MetLife Slumps as Gross Laments Life Insurers’ Prospects

by Agnel Philip

Insurers, pension funds ‘slowly going bankrupt,’ Gross says

Kandarian says difficult to see who benefits from Brexit vote


Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... yptr=yahoo
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Re: MetLife (MET)

Postby winston » Sat Jul 02, 2016 9:14 am

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Insurance Stocks to Watch: Metlife Inc (MET)

Although MET’s 7.5% post-Brexit decline to this point is more muted than the two British insurers mentioned above, MET’s decline is much steeper than the average U.S. financial stock.

MET has limited direct exposure to the U.K. market, but investors are still dumping U.S. insurers for an entirely different reason. Insurers rely heavily on returns from their massive investment portfolios, which are mostly devoted to bonds.

Before the Brexit vote, the futures market had predicted roughly a 50% chance of a second Federal Reserve interest rate hike by the end of 2016. As of Tuesday, that chance was down to 15%.

Interest rates are already at historically low levels. The likelihood of a prolonged low-rate environment in the U.S. and the possibility of negative interest rates in many European economies creates a bleak outlook for the bond portfolios of all insurers.

Source: Investor Place
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Re: MetLife (MET)

Postby winston » Sat Nov 19, 2016 7:34 pm

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Metlife Inc (MET) Is Starting Its Run

This giant insurer has some strong tailwinds


By Richard Band

When interest rates on Treasuries rise, it benefits big P&C players, as well as many national banks.


One of Trump’s pledges, as well as that of most the House and Senate leadership, is to de-fang the massive regulatory albatross known as Dodd-Frank.



Source; Profitable Investing

http://investorplace.com/2016/11/metlif ... DAxM_l96M8
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Re: MetLife (MET)

Postby winston » Fri Nov 25, 2016 9:40 pm

Insurance company MetLife jumps 50% in the past five months.
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Re: MetLife (MET)

Postby winston » Wed Jan 31, 2018 8:24 am

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MetLife (MET) stock fell 8.6% after the insurance company delayed its earnings results and announced that it expects to increase its reserves by $525-$575 million. It was the stock's largest percentage decline since August 2016.

"In our view, this announcement likely further erodes investor confidence in the company," wrote Morgan Stanley analyst Nigel Dally.

"The persistent nature of charges at this company over several years has been an ongoing source of frustration, with this latest charge further eroding confidence."

Source: Barron's
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