This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MetLife Announces Third Quarter 2012 Results

Corporate Benefit Funding

Operating earnings for Corporate Benefit Funding were $303 million, up 11% mostly due to strong interest margins and lower expenses. Premiums, fees & other revenues for Corporate Benefit Funding were $567 million, down 41% due to a decline in structured settlement sales as well as lower pension closeout sales.

Latin America

Operating earnings for Latin America were $152 million, up 8% (15% on a constant currency basis) due to business growth in several countries and a one-time tax-related benefit. Premiums, fees & other revenues in Latin America were $802 million, down 8%. On a constant currency basis, premiums, fees & other revenues were down 1% as growth in Mexico, Brazil and Argentina was offset by a decline in Chile. Total sales for the region increased 28%, driven by growth in all channels across the region.


Operating earnings for Asia were $259 million, up 17% primarily due to premium growth in Japan and Korea, as well as higher net investment income. Premiums, fees & other revenues in Asia were $2.5 billion, up 7% mostly due to increased sales and persistency in Japan and higher revenues in Korea. Total sales for the region declined 8% as higher life sales in Japan and an increase in direct marketing sales in China were more than offset by declines in several other countries, including Australia, which benefitted from a large group sale in the prior year period.


Operating earnings for EMEA were $62 million, down 5% due to the impact of foreign currency exchange rates. On a constant currency basis, EMEA operating earnings were up 20%, driven by Turkey and Russia. EMEA premiums, fees & other revenues were $653 million, down 10% (1% on a constant currency basis). Total sales for the region increased 15% due to growth in Turkey and Russia and despite the challenging economic environment in Western Europe.

4 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs