metlife inc (MET) Key Developments
MetLife, Inc. Elects Edward J. Kelly, III to its Board of Directors
Feb 24 15
MetLife, Inc. announced that Edward J. Kelly, III, has been elected to its board of directors, effective February 24. Kelly most recently served as chairman of the institutional clients group at Citigroup Inc. Kelly is currently a director at CSX Corporation and XL Group plc. Mr. Kelly was also appointed to serve on the Audit Committee and the Finance and Risk Committee of the Board, effective immediately.
MetLife, Inc. Announces First Quarter 2015 Preferred Stock Dividends, Payable on March 16, 2015
Feb 18 15
MetLife, Inc. announced that it has declared first quarter 2015 dividends of $0.2500000 per share on the company's floating rate non-cumulative preferred stock, Series A, and $0.4062500 per share on the company's 6.50% non-cumulative preferred stock, Series B, subject to the final confirmation that it has met the financial tests specified in the Series A and Series B preferred stock, which the company anticipates will be made and announced on or about March 5, 2015, the earliest date permitted in accordance with the terms of the securities. Following MetLife's confirmatory announcement on or about March 5, 2015, the New York Stock Exchange will set ex-dividend dates for each series of preferred stock. Both dividends will be payable March 16, 2015, to shareholders of record as of Feb. 28, 2015.
MetLife, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 11 15
MetLife, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total operating revenues of $18,245 million compared to $18,330 million a year ago. Operating earnings were $1,614 million compared to $1,585 million a year ago. Net income available to the company’s common shareholders was $1,490 million or $1.30 per share compared to $877 million or $0.77 per share a year ago. Return on common stockholders' equity was 8.6% compared to 5.9% a year ago. Income from continuing operations before provision for income tax was $2,076 million compared to $1,268 million a year ago.
For the year, total operating revenues of $71,080 million compared to $69,016 million a year ago. Operating earnings were $6,682 million compared to $6,383 million a year ago. Net income available to the company’s common shareholders was $6,187 million or $5.42 per share compared to $3,246 million or $2.91 per share a year ago. Book value per common share as at December 31, 2014 was $61.85 compared to $53.04 a year ago. Return on common stockholders' equity was 9.4% compared to 5.4% a year ago. Income from continuing operations before provision for income tax was $8,804 million compared to $4,052 million a year ago.
MetLife, Inc. Presents at Bank of America/Merrill Lynch 2015 Insurance Conference, Feb-12-2015 11:45 AM
Feb 3 15
MetLife, Inc. Presents at Bank of America/Merrill Lynch 2015 Insurance Conference, Feb-12-2015 11:45 AM. Venue: The New York Palace, New York, New York, United States. Speakers: Steven A. Kandarian, Chairman, Chief Executive Officer, President and Chairman of Executive Committee.
MetLife Deploys its VirtualWisdom IPM Platform
Jan 21 15
Virtual Instruments announced that MetLife has deployed its VirtualWisdom IPM platform to help ensure the performance and availability of MetLife's IT infrastructure supporting business-critical application workloads. VirtualWisdom provides unparalleled visibility into the health and utilization of the entire open-systems stack, giving companies the ability to proactively and efficiently manage application workloads across the entire IT infrastructure and accurately understand the impact of application demands before problems occur. This proactive approach helps companies eliminate inefficiencies in troubleshooting and enables true performance management and optimization of data centre operations and related costs.