Metlife Explores Sale of Variable Annuity Business

Reuters2022-02-11

(Reuters) - MetLife Inc is exploring the divestment of its U.S. variable annuity book as it seeks to free up resources to invest in higher-growth parts of its business, people familiar with the matter...

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hotwheels
2022-02-11
hotwheels
Fixed rate and variable policies - stood at $58.23 billion at the end of 2021. Investment bank will make money and so will Private equity
- PagRobinson:
  I think private equity also has some profit pressure. Stock markets and policies will also directly affect their earnings.
- ElsieDewey:
  I quite agree with you. Investment banks will make a lot of profits. They always find opportunities to make money.
- EricVaughan:
  Professional investors and financial institutions are always making money, while retail investors like me are losing money.
- MurrayBulwer:
  I have always been optimistic about private equity and think this is the direction of future development. But now I see the high risk of PE....
- Noobplayer:
  Ok

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Its overall annuity book - including both fixed rate and variable policies - stood at $58.23 billion at the end of 2021, according to its financial statements.Any sale would give MetLife only a fraction of whatever book value is divested in terms of proceeds. But the financial benefit of offloading the policies could still be substantial - potentially in the billions of dollars - because of the capital released, tax implications and other financial enhancements, the sources said.The sources spoke on condition of anonymity to discuss confidential information. 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Investment bank will make money and so will Private equity&nbsp;","listText":"Fixed rate and variable policies - stood at $58.23 billion at the end of 2021. Investment bank will make money and so will Private equity&nbsp;","text":"Fixed rate and variable policies - stood at $58.23 billion at the end of 2021. Investment bank will make money and so will Private equity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/631828406","repostId":2210541949,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7242129,"gmtCreate":1644676028299,"gmtModify":1644676028299,"authorId":9000000000000432,"author":{"id":9000000000000432,"authorId":9000000000000432,"name":"PagRobinson","avatar":"https://static.tigerbbs.com/f27744c1fabf17b5f44122ab53e7da10","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":631828406,"type":1,"supId":0,"prevId":0,"content":"I think private equity also has some profit pressure. Stock markets and policies will also directly affect their earnings.","text":"I think private equity also has some profit pressure. Stock markets and policies will also directly affect their earnings.","html":"I think private equity also has some profit pressure. Stock markets and policies will also directly affect their earnings."},{"id":7242094,"gmtCreate":1644675371728,"gmtModify":1644675371728,"authorId":9000000000000603,"author":{"id":9000000000000603,"authorId":9000000000000603,"name":"ElsieDewey","avatar":"https://static.tigerbbs.com/f5db46fc82ad451b6aa0d938d2221d70","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":631828406,"type":1,"supId":0,"prevId":0,"content":"I quite agree with you. Investment banks will make a lot of profits. They always find opportunities to make money.","text":"I quite agree with you. Investment banks will make a lot of profits. They always find opportunities to make money.","html":"I quite agree with you. Investment banks will make a lot of profits. They always find opportunities to make money."},{"id":7242044,"gmtCreate":1644672939892,"gmtModify":1644672939892,"authorId":9000000000000597,"author":{"id":9000000000000597,"authorId":9000000000000597,"name":"EricVaughan","avatar":"https://static.tigerbbs.com/9cc6c50814de5ac8ec7cd0ae334fd125","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":631828406,"type":1,"supId":0,"prevId":0,"content":"Professional investors and financial institutions are always making money, while retail investors like me are losing money.","text":"Professional investors and financial institutions are always making money, while retail investors like me are losing money.","html":"Professional investors and financial institutions are always making money, while retail investors like me are losing money."},{"id":7242032,"gmtCreate":1644671802013,"gmtModify":1644671802013,"authorId":9000000000000463,"author":{"id":9000000000000463,"authorId":9000000000000463,"name":"MurrayBulwer","avatar":"https://static.tigerbbs.com/86339b64cf42eeac7905c45fdbbed7fb","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":631828406,"type":1,"supId":0,"prevId":0,"content":"I have always been optimistic about private equity and think this is the direction of future development. But now I see the high risk of PE....","text":"I have always been optimistic about private equity and think this is the direction of future development. But now I see the high risk of PE....","html":"I have always been optimistic about private equity and think this is the direction of future development. But now I see the high risk of PE...."},{"id":7240972,"gmtCreate":1644614640750,"gmtModify":1644614640852,"authorId":4099647582870040,"author":{"id":4099647582870040,"authorId":4099647582870040,"name":"Noobplayer","avatar":"https://static.tigerbbs.com/b74d503da80c40d8b084a557457856a0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":631828406,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.26.0","shortVersion":"4.26.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2210541949"}