MetLife to build securities lending
08 December 2010 New York
Image: Shutterstock
MetLife has announced a growth strategy for 2011, which will include growing its securities lending opportunities.
The insurer has 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.
2011 Guidance “In 2011, MetLife will continue to generate strong growth with operating earnings1 expected to increase 38 per cent 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 US 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 per cent 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 per cent for 2011 and generate further ROE improvements in the years that follow,” added Henrikson.
The insurer has 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.
2011 Guidance “In 2011, MetLife will continue to generate strong growth with operating earnings1 expected to increase 38 per cent 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 US 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 per cent 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 per cent for 2011 and generate further ROE improvements in the years that follow,” added Henrikson.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
