UPDATE 1-Fitch Ratings downgrades MetLife's Brighthouse Financial unit [Reuters (UK)]
MetLife, Inc. (MET)
Last metlife, inc. earnings: 2/5 04:15 pm
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Source: Reuters
(Adds details about ratings downgrade and comments from Fitchanalyst) By Suzanne Barlyn May 31 Fitch Ratings Inc downgraded MetLifeInc's Brighthouse Financial Inc unit on Wednesday,citing the unit's lowering of its capitalization and financialtargets from last year. Fitch, which downgraded Brighthouse Life Insurance Companyone notch, from an A+ to an A, said its ratings outlook remainsstable. A MetLife spokesman directed Reuters to a BrighthouseFinancial spokeswoman, who declined to comment. Brighthouse Financial Inc is a holding company and theconsumer life insurance and annuity unit created by MetLife Inc. MetLife announced last year that it planned to spin off itsBrighthouse business, which sells life insurance and annuitiesto individuals. MetLife, which is still awaiting regulatoryapproval for the move, will continue to focus on its U.S.employee benefits and overseas businesses, the company has said. Fitch's rating for Brighthouse Life Insurance
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News
- MetLife (MET) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- MetLife Increases Common Stock Dividend by 4.8% [Yahoo! Finance]Yahoo! Finance
- MetLife Increases Common Stock Dividend by 4.8%Business Wire
- MetLife Investment Management combines fixed income, private capital offerings [Seeking Alpha]Seeking Alpha
- MetLife Investment Management Combines Fixed Income, Private Capital Offerings, Names Driscoll to Lead Unified Structure [Yahoo! Finance]Yahoo! Finance
MET
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- 1/31/24 - Miss
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- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MET's page on the SEC website