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

The main purpose of this 8-K filing is to provide investors with an updated estimate of the financial impact of MetLife's acquisition of the Alico Business from AIG, specifically on its operating earnings per share and operating return on equity for 2011. It also includes updated financial statements for the acquired business.

How is MetLife revising its earnings estimates due to the Alico acquisition?

MetLife is revising its estimate upwards, now expecting the acquisition to increase its 2011 operating earnings per share by approximately $0.40 to $0.45. It also anticipates a 100 basis point increase in its estimated 2011 year-end operating return on equity.

Are there any additional costs associated with this acquisition that are not included in the EPS estimate?

Yes, the revised operating EPS estimates do not include transition and other one-time expenses, which are estimated at $0.12 per share.

What financial information is provided about the Alico Business?

The filing includes the combined balance sheet of the Alico Business as of November 30, 2009, and its statements of income, equity, and cash flows for the year ended November 30, 2009. It also provides unaudited condensed combined financial statements for the six months ended May 31, 2010.

METLIFE INC 8-K: Regulation FD

Summary

This Form 8-K filing by MetLife, Inc. on August 2, 2010, provides an updated estimate regarding the impact of its previously announced acquisition of the Alico Business from AIG. MetLife now projects that this acquisition will increase its operating earnings per share (EPS) by approximately $0.40 to $0.45 in 2011, an upward revision from previous estimates. Additionally, the company anticipates the acquisition will boost its estimated 2011 year-end operating return on equity (ROE) by about 100 basis points. These projections do not include estimated one-time transition expenses of $0.12 per share. The filing also includes furnished financial statements for the Alico Business as of November 30, 2009, and for the six months ended May 31, 2010. These provide investors with updated financial details of the business MetLife is acquiring. The company also filed unaudited pro forma capsule financial information to illustrate the potential impact of the acquisition and its related financing on MetLife's financial position. Investors should note that the pro forma information is for illustrative purposes and may not reflect actual future results.

Key Highlights

1MetLife has revised its estimate for the positive impact of the Alico acquisition on its 2011 operating EPS, now expecting an increase of $0.40 to $0.45 per share.
2The company also expects the Alico acquisition to improve its estimated 2011 year-end operating return on equity by approximately 100 basis points.
3The projected EPS increase excludes an estimated $0.12 per share in one-time transition and integration expenses.
4The filing includes financial statements for the Alico Business as of November 30, 2009, and for the six months ended May 31, 2010, furnished by AIG.
5Unaudited pro forma capsule financial information is provided to show the potential combined financial effects of the acquisition.
6The acquisition consideration includes a mix of cash and MetLife securities.
7This report is an update to previous filings regarding the acquisition of American Life Insurance Company and Delaware American Life Insurance Company from AIG.

METLIFE INC 8-K Report, Regulation FD Disclosure (Aug 2, 2010)

Summary

Key Highlights

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