MetLife, Inc. (NYSE:MET) announced today that, going forward, it will no longer provide earnings per share (EPS) guidance. The company will instead focus on providing more meaningful information on its prospects as they relate to the company’s long-term strategic and financial goals.
“After careful study, we have determined that EPS guidance is not the best way to provide information about the real drivers that create shareholder value,” said Steven A. Kandarian, chairman, president and chief executive officer of MetLife, Inc. “We are certainly not alone, as most large financial services companies do not provide earnings guidance. We will instead expand our discussion of key financial metrics and business drivers, creating a more informed view of MetLife’s future prospects.”
On the December 12 investor call, MetLife senior management will provide the investment community with additional information, including the company’s view of run-rate earnings and important earnings sensitivities, as well as its business outlook over a multi-year period.
Further information, including Webcast details, will be announced prior to the December investor call.About MetLife MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com. Forward Looking Statement This press release may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, trends in operations and financial results.