MetLife ponders partial sale of U.S. life insurance unit
January 18, 2016 by KATHERINE CHIGLINSKY
(Bloomberg) — MetLife Inc., the largest U.S. life insurer, plans to separate much of its domestic retail business as Chief Executive Officer Steve Kandarian works to shrink the company amid tighter government oversight. The stock rallied in extended trading.
The insurer is weighing a possible sale, spinoff or public offering of the operation, New York-based MetLife said Tuesday in a statement. The new company would have about $240 billion of assets and accounts for approximately 20 percent of MetLife’s operating earnings, according to the statement.
Originally Posted at LifeHealthPro on January 12, 2016 by KATHERINE CHIGLINSKY.
Categories: Industry Articles
