MetLife, Inc. (NYSE:MET) announced today that, going forward, it will no
longer provide earnings per share (EPS) guidance. The company will
instead focus on providing more meaningful information on its prospects
as they relate to the company’s long-term strategic and financial goals.
“After careful study, we have determined that EPS guidance is not the
best way to provide information about the real drivers that create
shareholder value,” said Steven A. Kandarian, chairman, president and
chief executive officer of MetLife, Inc. “We are certainly not alone, as
most large financial services companies do not provide earnings
guidance. We will instead expand our discussion of key financial metrics
and business drivers, creating a more informed view of MetLife’s future
prospects.”
On the December 12 investor call, MetLife senior management will provide
the investment community with additional information, including the
company’s view of run-rate earnings and important earnings
sensitivities, as well as its business outlook over a multi-year period.
Further information, including Webcast details, will be announced prior
to the December investor call.
About MetLife
MetLife, Inc. is a leading global provider of insurance, annuities and
employee benefit programs, serving 90 million customers. Through its
subsidiaries and affiliates, MetLife holds leading market positions in
the United States, Japan, Latin America, Asia, Europe and the Middle
East. For more information, visit www.metlife.com.
Forward Looking Statement
This press release may contain or incorporate by reference information
that includes or is based upon forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements give expectations or forecasts of future
events. These statements can be identified by the fact that they do not
relate strictly to historical or current facts. They use words such as
“anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe” and other words and terms of similar meaning in connection
with a discussion of future operating or financial performance. In
particular, these include statements relating to future actions,
prospective services or products, future performance or results of
current and anticipated services or products, sales efforts, expenses,
the outcome of contingencies such as legal proceedings, trends in
operations and financial results.
Any or all forward-looking statements may turn out to be wrong. They can
be affected by inaccurate assumptions or by known or unknown risks and
uncertainties. Many such factors will be important in determining the
actual future results of MetLife, Inc., its subsidiaries and affiliates.
These statements are based on current expectations and the current
economic environment. They involve a number of risks and uncertainties
that are difficult to predict. These statements are not guarantees of
future performance. Actual results could differ materially from those
expressed or implied in the forward-looking statements. Risks,
uncertainties, and other factors that might cause such differences
include the risks, uncertainties and other factors identified in
MetLife, Inc.’s most recent Annual Report on Form 10-K (the “Annual
Report”) filed with the U.S. Securities and Exchange Commission (the
“SEC”), Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the
SEC after the date of the Annual Report under the captions “Note
Regarding Forward-Looking Statements” and “Risk Factors,” and other
filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not
undertake any obligation to publicly correct or update any
forward-looking statement if we later become aware that such statement
is not likely to be achieved. Please consult any further disclosures
MetLife, Inc. makes on related subjects in reports to the SEC.
Copyright Business Wire 2013