HALISTER: MetLife 2Q Oper. EPS, Rev. Miss Estimates; Shares Down 3.9%

MetLife 2Q Oper. EPS, Rev. Miss Estimates; Shares Down 3.9%

(Bloomberg) -- MetLife 2Q oper. EPS 83c, est. $1.35; 2Q oper. rev. $17b, est. $17.3b. MET falls 3.9% post-market.
  • 2Q net derivative losses $1.4b
  • 2Q net premiums earned $9.42b, est. $9.68b
  • MET accelerated annual variable annuity actuarial assumption review to 2Q
    • Recorded $2b non-cash charge to net income, net of deferred acquisition costs and after tax, of which $1.5b is attributable to changes in policyholder behavior assumptions
  • Conf. call 8-9am tomorrow 800-401-8436
Statement For News and Information: First Word scrolling panel: FIRST First Word newswire: NH BFW To contact the reporter on this story: Jeremy R. Cooke in New York at jcooke8@bloomberg.net
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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MET US (MetLife Inc)

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