MetLife reports Q4 operating EPS 64c, consensus 86c
Reports Q4 revenue $15.75B, consensus $15.51B. Book value, excluding accumulated other comprehensive income other than foreign currency translation adjustments, was $42.24 per share, down 15 percent from $49.61 per share at December 31, 2016. "Although our underlying financial performance remained solid, the reserve charge and its impact on our fourth quarter and full year earnings - as well as the material weakness that led us to delay our earnings announcement - are unacceptable and deeply disappointing," said Steven A. Kandarian, chairman, president and CEO of MetLife, Inc. "We can and will do better. We are rigorously addressing the situation and are committed to significantly improving our operational performance to better serve our customers and strengthen shareholders' confidence in our organization. MetLife is an iconic franchise with strong businesses, and we are working very hard to continue to successfully execute on our strategy and deliver great value to our customers and shareholders."