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MetLife

MET

Financial services and insurance giant MetLife announced Q1 2016 earnings that fell short of expectations, with total operating revenues taking a 2% dip and operating earnings taking a more significant 19% hit. President and CEO Steven A. Kandarian said that the results underscored continuing “market headwinds” but praised the underwriting results. During that same call, MetLife also announced it would be pulling out about $1.2 billion of the $1.8 billion that it currently has invested in hedge funds and siphon that money into other investment vehicles, following the lead of other firms like American International Group. It’s part of a growing trend away from high-fee funds. The company has also been locking horns with federal regulators who believe MetLife, the nation’s largest life insurer, is “too big to fail.” That scuffle has led the firm to consider spinning off its retail insurance and financial product business. However, a federal judge ruled against the government in March 2016, going on to say its designation of MetLife as TBTF is “arbitrary and capricious.” The government plans to appeal the ruling.

CEO

Steven A. Kandarian

Sector

Financials

Industry

Insurance: Life, Health (stock)

HQ Location

New York, NY

Years on Fortune 500 List

22

Employees

69,000

MetLife is also featured in these fortune lists
Key Financials (last fiscal year)
$ millions% change
Revenues ($M)$69,951-4.6%
Profits ($M)$5,310-15.8%
Assets ($M)$877,933
Total Stockholder Equity ($M)$67,949
Market Value — as of March 31, 2016 ($M)$48,188
Profit Ratios
Profit as % of Revenues7.6%
Profits as % of Assets0.6%
Profits as % of Stockholder Equity7.8%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)4.57
EPS % Change (from 2014)-15.7%
EPS % Change (5 year annual rate)8.8%
EPS % Change (10 year annual rate)-2.9%
Total Return
Total Return to Investors (2015)-8.2%
Total Return to Investors (5 year, annualized)4.2%
Total Return to Investors (10 year, annualized)1.9%
STOCK QUOTE
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  • P/E Ratio: n/a
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