logo
  Join        Login             Stock Quote

Metlife (MET) Sees 19 Pct Jump In 2012 Profit

 December 13, 2012 07:42 AM
 


(By Balaseshan) MetLife Inc. (NYSE: MET) expects full-year 2012 operating earnings to increase 19% over 2011 on both solid investment spreads as well as favorable insurance margins, despite guiding 2013 to be lower than last year.

MetLife estimates 2012 operating earnings of $5.5 billion to $5.6 billion or $5.15 to $5.25 per share, while Street predicts $5.25 per share. The company also expects a 2012 operating return on equity of between 11.0% and 11.1%, up from 10.1% at year-end 2011.

MetLife estimates full year 2012 operating premiums, fees & other revenues of between $47.3 billion and $47.7 billion, up 5% from $45.4 billion in 2011.

[Related -On Captive Insurers]

Included in the full year 2012 forecast are expected fourth quarter operating earnings of $1.2 billion to $1.3 billion or $1.12 to $1.22 per share, while Street predicts $1.23 per share, compared with $1.2 billion or $1.17 per share last year.

Book value per share, excluding accumulated other comprehensive income, at year-end 2012 is expected to be between $46.97 and $47.41, up from $46.69 at year-end 2011.

During the year 2012, MetLife continued to benefit from strong risk management focus and good expense management. The company also made significant progress on its strategic objectives, expanding in emerging markets, reducing product risk, growing its global employee benefits business and becoming more customer centric.

For the fiscal 2013, the company expects operating earnings of $5.5 billion to $5.9 billion or $4.95 to $5.35 per share, while Street analysts predict $5.47 per share.

[Related -On The Designation Of Systemically Important Financial Institutions]

"While our operating earnings per share are expected to be lower in 2013 than in 2012, they are broadly consistent with what we predicted a year ago for an extended low interest rate environment," said Steven Kandarian, chief executive of MetLife.

MET closed Wednesday's regular session up 1.20% at $33.61. The stock has been trading between $27.60 and $39.55 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageIntegrated Device Technology Inc. (IDTI) Q1 Earnings Preview: Another Beat and Pop?

Integrated Device Technology Inc. (NASDAQ:IDTI) will issue first quarter 2015 financial results on July 28, read on...

article imageHerbalife Ltd. (NYSE:HLF) Q2 Earnings Preview: The Potential To Shock?

Herbalife Ltd. (NYSE:HLF) will release its second quarter 2014 financial results after the close of trading read on...

article imageHealth Net, Inc. (HNT): Potential to Be Huge Winners Says Bank of America

As of this keystroke, Health Net, Inc. (NYSE: HNT) shares are up around 4% on the day. The managed health read on...

article imageHomeAway, Inc. (AWAY) Q2 Earnings Preview: Top and Bottom Line Bullish Surprise?

HomeAway, Inc. (NASDAQ:AWAY) will report its financial results for the second quarter ended June 30, 2014 read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.