MetLife Produces a Solid First Quarter, New CEO Is Shifting Toward Growth
MetLife recorded a fairly uneventful first quarter, but the strategy of the company’s new CEO is coming increasingly into focus. Annualized ROE in the quarter was 10%, a level that is not necessarily impressive but is in line with our expectations for the franchise. We will maintain our $52 fair value estimate and no-moat rating.Looking across the company’s segments, the U.S. saw an 11% year-over-year increase in adjusted earnings. The improvement was almost entirely due to the group benefits b...
MetLife, through its subsidiaries and affiliates, provides insurance, annuities, employee benefits and asset management. The company's segments include: United States; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. In the United States, the company provides a variety of insurance and financial services products, including life, dental, disability, property and casualty, guaranteed interest, stable value and annuities to both individuals and groups. Outside the United States, the company provides life, medical, dental, credit and other accident and health insurance, as well as annuities, endowment and retirement and savings products to both individuals and groups.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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