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 email@example.com