MetLife (MET) Misses Q2 EPS by 52c

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Go back to MetLife (MET) Misses Q2 EPS by 52c

MetLife Announces Second Quarter 2016 Results

August 3, 2016 4:16 PM EDT

NEW YORK--(BUSINESS WIRE)-- MetLife, Inc. (NYSE: MET) today announced the following results for the second quarter 2016:

Second Quarter Results

On a GAAP basis, MetLife reported second quarter 2016 net income of $64 million, or $0.06 per share.

Net income includes a non-cash charge resulting from the company's annual review of actuarial assumptions for the Retail variable annuities business. As previously disclosed, MetLife accelerated its 2016 annual variable annuity actuarial assumption review from the third quarter to the second quarter in light of the company's previously announced plan to separate a... More