Latest Articles
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Memo to AIG Investors: Gov’t Overhang Going Nowhere
AIG’s (NYSE:AIG) former chairman and CEO Maurice R. Greenberg said in a recent interview that the U.S. Treasury will remain AIG’s shareholder for a very long time. AIG was forced to accept government money after its near collapse duri...
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MetLife May Sell Depository and Mortgage Biz to Avoid Fed Scrutiny
MetLife (NYSE:MET), the largest life insurer in the U.S., is looking to sell its banking and mortgage operations to limit federal oversight and focus on its core insurance and employee benefits businesses. The company, however, plans to keep its ...
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MetLife Gaining Traction in International Markets, Revised $36 Price Estimate
MetLife’s (NYSE:MET) third quarter net income surged to $3.58 billion, an increase of more than ten times compared to its Q3 2010 net income of $286 million. Net income was boosted by a $4 billion in derivatives gain excluding which the com...
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Metlife Q3 Preview: Life Policies & Investment Income in Focus
MetLife (NYSE:MET) is scheduled to announce its third quarter earnings on Thursday after the market closes. It was a tough quarter for U.S. life insurance companies as MetLife lost almost a third of its stock value during the quarter. The Federal...
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MetLife Revised Price Estimate of $37: Accounting for Lower Long Term Rates
In light of the current economic conditions and given significant government intervention such as the Federal Reserve’s Operation Twist, we have revisited our forecasts for MetLife (NYSE:MET) and have adjusted our price estimate from $48 to...
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MetLife, AIG and Hartford Financial Decline Ahead of Fed Meeting
Shares of U.S. insurance companies such as MetLife (NYSE:MET), AIG (NYSE:AIG) and Hartford Financial (NYSE:HIG) declined by more than 5% this week ahead of the U.S. Federal Reserve’s monetary policy meeting today. The Fed is expected to pus...
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Baby Boomers Sell Equities, Buy Annuities as Retirement Looms
A recent study by the Federal Reserve Bank of San Francisco indicated that baby boomers approaching retirement may have a negative impact on stock prices over the next two decades. The study states that many baby boomers have begun selling off ri...
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Rising Asbestos Claims Could Put a Dent in Insurers’ Profits
U.S insurance companies have witnessed an increase in asbestos related claims in the first half of this year as AIG (NYSE:AIG), Hartford Financial Services (NYSE:HIG) and MetLife (NYSE:MET) have all reported an increase in asbestos related claim...
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Amid Recession Fears, MetLife Becomes the Top Annuity Seller in the U.S.
According to the recent U.S. individual annuity sales figures published by Limra, MetLife (NYSE:MET) became the largest seller of variable annuities in the first half of the year replacing Prudential Financial (NYSE:PRU) with sales of nearly $12....
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Low Interest Rates Could Cap Upside for MetLife, Insurers
The Federal Reserve pledged to keep a lid on short term interest rates until at least the middle of 2013, which could hurt life insurance companies such as MetLife (NYSE:MET). Life insurance companies collect premiums from their insurance custome...
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MetLife Earnings Preview: Annuity & International Growth in Focus
MetLife (NYSE:MET) plans to announce its second quarter earnings on July 28th. In the previous quarter, the company reported a 21% increase in revenues and over a 25% increase in operating income primarily due to the acquisition of ALICO. MetLife...
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MetLife Eyes Reverse Mortgage Market as Giants Exit
MetLife (NYSE:MET) seems to be keen on reaching the top spot in the reverse mortgages market. That would justify the company’s efforts to grow soon after two of the largest providers of reverse mortgages – Wells Fargo (NYSE:WFC) and ...
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MetLife Partners with Citi in Card Insurance Market
MetLife (NYSE:MET) has entered the credit card insurance market through its partnership with Citigroup (NYSE:C) for the Australian market. The company has launched a credit card account insurance product which will provide coverage for unemploym...
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MetLife’s Annuity Business is Humming, Providing Upside to Shares
MetLife’s (NYSE:MET) premiums, fees and other revenues from retirement products which includes fixed and variable annuity products in the U.S., increased 13% year over year (y-o-y) in Q1 2011 to $867 million. Retirement annuities are one of...
