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2022-02-11

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

Metlife Explores Sale of Variable Annuity Business

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精彩评论

EricVaughan
2022-02-12
EricVaughan
Professional investors and financial institutions are always making money, while retail investors like me are losing money.
MurrayBulwer
2022-02-12
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....
PagRobinson
2022-02-12
PagRobinson
I think private equity also has some profit pressure. Stock markets and policies will also directly affect their earnings.
ElsieDewey
2022-02-12
ElsieDewey
I quite agree with you. Investment banks will make a lot of profits. They always find opportunities to make money.

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Investment bank will make money and so will Private equity&nbsp;</p></body></html>","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","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/631828406","repostId":2210541949,"repostType":4,"repost":{"id":"2210541949","pubTimestamp":1644586688,"share":"https://www.laohu8.com/m/news/2210541949?lang=&edition=full","pubTime":"2022-02-11 21:38","market":"us","language":"en","title":"Metlife Explores Sale of Variable Annuity Business","url":"https://stock-news.laohu8.com/highlight/detail?id=2210541949","media":"Reuters","summary":"(Reuters) - MetLife Inc is exploring the divestment of its U.S. variable annuity book as it seeks to","content":"<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/MET\">MetLife Inc</a> 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 said.</p><p>The New York-based insurer is working with an investment bank on the plan, which is in its early stages, the sources said, cautioning that no deal is certain.</p><p>MetLife does not disclose the size of its variable annuity business. 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.</p><p>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.</p><p>The sources spoke on condition of anonymity to discuss confidential information. MetLife declined to comment.</p><p>U.S. insurers have in recent years been offloading closed books of annuity business, which require significant capital to be put aside and provide limited revenue growth as no new policies are being written.</p><p>Insurers have found willing buyers in private equity firms and their insurance arms, which can use the cash flow generated from the policies to invest in their suite of credit and other products.</p><p>MetLife&#39;s variable annuities book is housed within MetLife Holdings, a unit which holds product lines which the insurer no longer actively sells and just manages to maturity - known in the industry as runoff business.</p><p>MetLife Chief Financial Officer John McCallion told analysts this month that a rising interest rate environment could provide a catalyst for divesting parts of its runoff business. He did not say, however, that MetLife was exploring a sale of any part of MetLife Holdings.</p><p>Most runoff dealmaking activity has so far been concentrated in life insurance and fixed rate annuities. Variable annuities have seen less interest, as there is a greater risk around generating sufficient investment return.</p><p>That is starting to change, however, as rising interest rates make it easier to turn a profit on such policies, because the yields which can be earned on investments are generally increasing.</p><p><a href=\"https://laohu8.com/S/PJH\">Prudential Financial Inc</a>    said in September it had agreed to sell variable annuity policies worth $31 billion to Fortitude Re, which is backed by buyout firm Carlyle Group, for a total transaction value of $2.2 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Metlife Explores Sale of Variable Annuity Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMetlife Explores Sale of Variable Annuity Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-11 21:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/metlife-explores-sale-variable-annuity-130753466.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(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...</p>\n\n<a href=\"https://finance.yahoo.com/news/metlife-explores-sale-variable-annuity-130753466.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4162":"人寿与健康保险","MET":"大都会人寿"},"source_url":"https://finance.yahoo.com/news/metlife-explores-sale-variable-annuity-130753466.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210541949","content_text":"(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 said.The New York-based insurer is working with an investment bank on the plan, which is in its early stages, the sources said, cautioning that no deal is certain.MetLife does not disclose the size of its variable annuity business. 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. MetLife declined to comment.U.S. insurers have in recent years been offloading closed books of annuity business, which require significant capital to be put aside and provide limited revenue growth as no new policies are being written.Insurers have found willing buyers in private equity firms and their insurance arms, which can use the cash flow generated from the policies to invest in their suite of credit and other products.MetLife's variable annuities book is housed within MetLife Holdings, a unit which holds product lines which the insurer no longer actively sells and just manages to maturity - known in the industry as runoff business.MetLife Chief Financial Officer John McCallion told analysts this month that a rising interest rate environment could provide a catalyst for divesting parts of its runoff business. He did not say, however, that MetLife was exploring a sale of any part of MetLife Holdings.Most runoff dealmaking activity has so far been concentrated in life insurance and fixed rate annuities. Variable annuities have seen less interest, as there is a greater risk around generating sufficient investment return.That is starting to change, however, as rising interest rates make it easier to turn a profit on such policies, because the yields which can be earned on investments are generally increasing.Prudential Financial Inc    said in September it had agreed to sell variable annuity policies worth $31 billion to Fortitude Re, which is backed by buyout firm Carlyle Group, for a total transaction value of $2.2 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":159,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":113,"xxTargetLangEnum":"ZH_CN"},"commentList":[{"id":7242044,"commentId":"7242044","gmtCreate":1644672939892,"gmtModify":1644672939892,"authorId":9000000000000597,"author":{"id":9000000000000597,"idStr":"9000000000000597","authorId":9000000000000597,"name":"EricVaughan","avatar":"https://static.tigerbbs.com/9cc6c50814de5ac8ec7cd0ae334fd125","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":631828406,"objectIdStr":"631828406","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"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.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":7242032,"commentId":"7242032","gmtCreate":1644671802013,"gmtModify":1644671802013,"authorId":9000000000000463,"author":{"id":9000000000000463,"idStr":"9000000000000463","authorId":9000000000000463,"name":"MurrayBulwer","avatar":"https://static.tigerbbs.com/86339b64cf42eeac7905c45fdbbed7fb","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":631828406,"objectIdStr":"631828406","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"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....","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":7242129,"commentId":"7242129","gmtCreate":1644676028299,"gmtModify":1644676028299,"authorId":9000000000000432,"author":{"id":9000000000000432,"idStr":"9000000000000432","authorId":9000000000000432,"name":"PagRobinson","avatar":"https://static.tigerbbs.com/f27744c1fabf17b5f44122ab53e7da10","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":631828406,"objectIdStr":"631828406","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"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.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":7242094,"commentId":"7242094","gmtCreate":1644675371728,"gmtModify":1644675371728,"authorId":9000000000000603,"author":{"id":9000000000000603,"idStr":"9000000000000603","authorId":9000000000000603,"name":"ElsieDewey","avatar":"https://static.tigerbbs.com/f5db46fc82ad451b6aa0d938d2221d70","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":631828406,"objectIdStr":"631828406","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"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.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/631828406"}