- Speaking on the year-end investor call, CFO John Hele says MET expects FCF as a percent of operating earnings in 2015-2016 to be 45%-55%. Previously, management had estimated the ratio to be 35%-45% from 2014-2016 (2014 is expected to be 35%).
- Higher dividends from Met's subsidiaries is behind the boost. Behind that is the bull market in stocks, the impact from interest rate hedges, and the benefits from the "4-way merger" - the onshoring of an offshore reinsurance unit into three U.S. subsidiaries which are also being merged.
- Management is tight-lipped about its capital return plans. "We need more clarity (from D.C.) than we have today."
- Webcast and presentation slides
MetLife boosts free cash flow outlook
Dec 12 2013, 09:02 ET