MET Life

dealmaker said:
Right but they're saying situation is better than reported, we will have to wait and see...
More...
No, they're saying that they adding cash to their reserves against future expected liabilities to policy-holders.

"Reserve strengthening" is about as dizzy as spin gets.
 
vanzandt said:
Jan 29 (Reuters) - MetLife Inc said on Monday the U.S. Securities and Exchange Commission was looking into the insurer’s failure to pay some workers’ pensions.

MetLife, in a statement, said the SEC’s enforcement staff has inquired about payments that the insurer failed to make for roughly 600,000 people who receive a type of annuity benefit from the company via its retirement business.

The New York insurer said it expects to increase reserves in total between $525 million and $575 million on a pre-tax basis.

That would result in a hit to fourth-quarter earnings of between $135 million and $165 million, the company said.

Last month, the company said it failed to pay pensions to potentially tens of thousands of people and will have to strengthen its reserves because of the costs of finding and repaying them.
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Reuters just issued a correction.
Not 600,000 people,.... but 5% of 600,000 people.
Unbelievable.
Whats a little mistake like 570,000 annuity accounts between friends in the after-hours home-game.
Buy buy buy! :p

MetLife, in a statement, said the SEC’s enforcement staff has inquired about payments that the insurer failed to make for people who receive a type of annuity benefit from the company via its retirement business. Less than 5 percent of 600,000 people are affected, the company has said.
https://www.reuters.com/article/met...es-failure-to-pay-some-pensions-idUSL2N1PO1YB
 
vanzandt said:
Reuters just issued a correction.
Not 600,000 people,.... but 5% of 600,000 people.
Unbelievable.
Whats a little mistake like 570,000 annuity accounts between friends in the after-hours home-game.
Buy buy buy! :p

MetLife, in a statement, said the SEC’s enforcement staff has inquired about payments that the insurer failed to make for people who receive a type of annuity benefit from the company via its retirement business. Less than 5 percent of 600,000 people are affected, the company has said.
https://www.reuters.com/article/met...es-failure-to-pay-some-pensions-idUSL2N1PO1YB
More...

You stock guys are crazy.
 
vanzandt said:
Reuters just issued a correction.
Not 600,000 people,.... but 5% of 600,000 people.
Unbelievable.
Whats a little mistake like 570,000 annuity accounts between friends in the after-hours home-game.
Buy buy buy! :p

MetLife, in a statement, said the SEC’s enforcement staff has inquired about payments that the insurer failed to make for people who receive a type of annuity benefit from the company via its retirement business. Less than 5 percent of 600,000 people are affected, the company has said.
https://www.reuters.com/article/met...es-failure-to-pay-some-pensions-idUSL2N1PO1YB
More...


Jamie Dimon would like to know, "was that a tempest in a teapot"?
 
MetLife, Brighthouse sued for $500 million over missing pensioners
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MetLife Inc. and Brighthouse Financial Inc. have been sued for failing to pay at least $500 million in retirement benefits over the past two and a half decades to thousands of pension plan participants. (Investment News)
 
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