- MetLife (NYSE:MET) expands its adjusted return on equity target to 12%-14%, according to slides from its 2018 outlook call posted on its website.
- MET +0.2% in after-hours trading.
- Maintains free cash flow targets.
- For 2019, MetLife assumes flat yield curve, a strong U.S. dollar against most currencies, a strong U.S. economy, and a 5% appreciation for the S&P 500.
- Sees corporate and other adjusted loss of $550M-$750M after-tax in 2019, excluding expense initiative costs.
- Sees expense initiative costs of about $300M after-tax in 2019, none in 2020 and thereafter.
- Conference call on Friday, Dec. 14, 9:00 AM ET.