MetLife 4Q Oper. EPS Trails; Posts $2.1b Net Loss
Source: BFW (Bloomberg First Word)
Tickers
MET US (MetLife Inc)
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UUID: 7947283
(Bloomberg) -- MetLife 4Q oper. EPS $1.28 vs est. $1.35.
Alert: HALISTER- GAAP net loss $1.94/share vs net income 70c/share; includes $3.2b of after-tax, in net derivative losses (vs $231m y/y) reflecting changes in interest rates, foreign currencies and equity markets
- Variance between operating earnings and net income reflects $2.9b unfavorable impact related to “asymmetrical and non- economic accounting”
- Operating earnings by segment: U.S. +19% y/y; Asia +22%; Latin America -22%; EMEA +33%; MetLife Holdings -25%; Brighthouse Financial -15%
- Total operating rev. $17.2b vs est. $17.3b
- Book value per share $59.56 vs $69.35 q/q
- Operating ROE (ex-AOCI) 10.0% vs 9.7% y/y
- Net investment income $5.0b vs $4.9b y/y
- Call 8am tomorrow, 800-288-8975
- NOTE: Jan. 23, Bloomberg Intelligence 4Q Preview: Equity Market, Cost Control May Help MetLife Results
- NOTE: Dec. 15, MetLife Sees 2017 Variable Investment Income $800m-$1b
- NOTE: Nov. 11, MetLife Holdings Runoff May Be a ‘Cash Cow,’ FBR Says
Source: BFW (Bloomberg First Word)
Tickers
MET US (MetLife Inc)
To de-activate this alert, click here
UUID: 7947283