40 of 500
MetLife
MetLife
40
Financials: Latest Results
Rank: 40
Previous rank: 34
CEO: Steven A. Kandarian

Derivatives still haunt some companies, including the insurance giant Metlife. The company posted an 81% drop in profits in 2012, thanks to large losses in derivatives, investments that are meant to offset Metlife’s exposure to low interest rates. Excluding investment losses, the company fared well for the year, exceeding Wall Street’s expectations by posting a 22% gain in operating profit. It rewarded its CEO handsomely for the efforts -- Steven Kandarian got a 40% bigger bonus.

Headquarters:
200 Park Ave.
New York, NY. 10166
212-578-2211
Website: www.metlife.com
Network with MetLife
Key financials
$ millions
% change from 2011
Revenues
68,224
-3.4
Profits
1,324
-81
Assets
836,781
Stockholder's equity
64,453
Market cap (on 3/29/2013)
41,578.3
Profits as % of
Revenues
1.9
Assets
0.2
Stockholders' equity
2.1
Earnings per share
2012$
1.12
% change from 2011
-82.2
2002-2012 annual growth rate %
-6.5
Total return to investors
%
2012
8.1
2002-2012 annual rate
3.6
From the May 20, 2013 issue

Notes:
Includes revenues from discontinued operations.
What do you think of MetLife?
Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. More
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