February 13, 2018 / 9:51 PM / 5 days ago

BRIEF-MetLife Inc Reports Q4 Adjusted Share of $0.64

Feb 13 (Reuters) - Metlife Inc:

* METLIFE INC - QTRLY EARNINGS PER SHARE $1.97; QTRLY ADJUSTED EARNINGS PER SHARE $0.64; QTRLY TOTAL REVENUE $15.75 BILLION VERSUS $12.63 BILLION

* METLIFE INC - QTRLY NET INCOME INCLUDES $70 MILLION AFTER-TAX CHARGE RELATED TO INCREASING CERTAIN RETIREMENT & INCOME SOLUTIONS POLICY RESERVES

* METLIFE INC - IMPACT OF RESERVE CHARGE ON Q4, FY EARNINGS & MATERIAL WEAKNESS THAT LED CO TO DELAY EARNINGS ANNOUNCEMENT “ARE UNACCEPTABLE AND DEEPLY DISAPPOINTING”

* METLIFE INC - QTRLY NET INCOME ALSO INCLUDES $1.2 BILLION AFTER-TAX BENEFIT RELATED TO IMPACT OF U.S. TAX REFORM WHICH INCLUDES A NEGATIVE IMPACT TO ADJUSTED EARNINGS OF $298 MILLION

* METLIFE INC - QTRLY PREMIUMS, FEES & OTHER REVENUE $11.3 BILLION, UP 3 PERCENT

* METLIFE INC - QTRLY NET INVESTMENT INCOME, AS REPORTED ON ADJUSTED BASIS, WAS $4.1 BILLION, DOWN 1 PERCENT

* METLIFE INC - AT QUARTER-END, BOOK VALUE WAS $53.57 PER SHARE, DOWN 10 PERCENT, PRIMARILY DUE TO SEPARATION OF BRIGHTHOUSE FINANCIAL Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below