Bloomberg News

MetLife Connecticut Unit Says Accounting Rule to Cut Equity

December 09, 2011

Dec. 9 (Bloomberg) -- MetLife Insurance Company of Connecticut said the adoption of new rules for deferred acquisition costs will reduce total equity by $350 million to $500 million.

The adoption will probably lower earnings from prior periods, according to a regulatory filing today from the company, which is a unit of MetLife Inc., the largest U.S. life insurer.

--Editor: David Scheer

To contact the reporter on this story: Dan Kraut in New York at Dkraut2@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus