MetLife on Track for Brighthouse Spinoff in First Half
February 6, 2017 by Cyril Tuohy
MetLife is on track to spin off Brighthouse Financial, its huge U.S. retail life and annuity distributor, in the first half of 2017, MetLife’s top executive said.
Spinning off Brighthouse Financial into a separate company represents a key element to MetLife’s plan to transform itself into a leaner, more nimble life insurer.
“Our target is still the first half of 2017,” said Steven A. Kandarian, chairman, president and CEO of MetLife, in an earnings call with analysts.
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Originally Posted at InsuranceNewsNet on February 6, 2017 by Cyril Tuohy.
Categories: Industry Articles