What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to correct a typographical error in MetLife, Inc.'s previously filed Quarterly Report on Form 10-Q for the period ending June 30, 2002. Specifically, it corrects the reported amount of a gross unrealized loss on certain fixed maturity securities.

What specific financial data was corrected?

The filing corrects the reported gross unrealized loss on five fixed maturity securities. The original report stated this loss was $478 million, but the corrected amount is $78 million. The estimated fair value of these securities at June 30, 2002, remained $97 million.

Why is this correction significant for investors?

This correction is significant because it materially reduces the reported unrealized loss on a portion of MetLife's investment portfolio. Investors rely on accurate financial reporting to assess the company's financial health and risk exposure, and this adjustment provides a more precise picture of the impairment on these fixed maturity securities.

METLIFE INC 8-K SEC Disclosure

Summary

MetLife, Inc. filed a Current Report on Form 8-K on August 16, 2002, to correct a typographical error in its previously filed Quarterly Report on Form 10-Q for the quarter ended June 30, 2002. The correction pertains to the "Investments -- Fixed Maturities -- Fixed Maturity Impairment" section. Specifically, the company is revising the reported gross unrealized loss on five fixed maturity securities. The original filing stated the gross unrealized loss was $478 million, but the corrected amount is $78 million. The estimated fair value of these securities remained at $97 million. This correction is important for investors to accurately assess the company's financial position and the potential impact of unrealized losses on its investment portfolio.

Key Highlights

1MetLife, Inc. is filing an 8-K to correct a prior filing.
2The correction is to a typographical error in the Form 10-Q for the quarter ended June 30, 2002.
3The error was in the "Investments -- Fixed Maturities -- Fixed Maturity Impairment" section.
4The estimated fair value of five fixed maturity securities at June 30, 2002, was $97 million.
5The gross unrealized loss on these five securities was incorrectly reported as $478 million.
6The corrected gross unrealized loss for these securities is $78 million.

METLIFE INC 8-K Report (Aug 16, 2002)

Summary

Key Highlights

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