MetLife announced several financial targets for 2011 as well as its expected results for the fourth quarter and full year 2010. Members of MetLife’s senior management team will review these financial projections with investors and discuss the company’s businesses at MetLife’s annual investor conference.
“In 2011, MetLife will continue to generate strong growth with operating earnings expected to increase 38% over 2010 to between $5.1 billion and $5.5 billion ($4.75 to $5.15 per share),” said C. Robert Henrikson, chairman, president & chief executive officer of MetLife, Inc. “With our leading positions in the U.S. and our expanded global reach resulting from the acquisition of Alico, we are poised to achieve strong results next year and beyond. We plan to grow premiums, fees & other revenues 30% next year to between $45.8 billion and $47.0 billion, invest in our expanding businesses around the world and maintain our disciplined approach to underwriting and expense management.
“Our continuing efforts to increase value for our shareholders will position us to deliver an improved operating return on equity (ROE) of approximately 11% for 2011 and generate further ROE improvements in the years that follow,” added Henrikson.
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Source : MetLife Press Release
