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.
MetLife expects 2013 operating earnings to be between $5.5 billion and $5.9 billion ($4.95 to $5.35 per share).
“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,” added Kandarian. “In light of a lower-for-longer interest rate scenario, we have a heightened sense of urgency about our strategic initiatives. We are focused on the levers we can pull to meet our financial objectives and create shareholder value.”
Per share calculations for full year and fourth quarter 2012 are based on 1,073.9 million and 1,085.4 million shares outstanding, respectively. Per share calculations for 2013 are based on 1,110.4 million average shares outstanding.
Year-End Conference Call Details
MetLife will hold a year-end investor conference call on Thursday, December 13, 2012 beginning at 8 a.m. (ET). The conference call and accompanying presentation materials will include statements relating to MetLife’s financial performance, including the company’s prospects for the remainder of 2012 and for 2013. The call will also include a question and answer session.
The conference call will be available live via telephone and the Internet. To listen over the telephone, dial (612) 326-1011 (domestic and international callers). To listen to the conference call over the Internet and/or to access presentation materials, visit
(through a link on the Investor Relations page). Those who want to listen to the call on the telephone or via the Internet should dial in or go to the Web site at least fifteen minutes prior to the call to register and/or download and install any necessary audio software.
The conference call will be available for replay via telephone and the Internet beginning at