NEW YORK CITY (dpa-AFX) - MetLife Inc. (MET) announced that it will outline the plans to increase shareholder value at an investor conference today.
The company stated that the senior management will address the company's plans to refocus its business in the U.S., grow in emerging markets, build its global employee benefits business, drive toward customer centricity and leverage MetLife's global brand.
By 2016, MetLife said it expects to leverage its scale to improve the value it provides to customers and shareholders by 2016, thereby achieving $600 million in net pre-tax expense savings
The company also expects to increase its return on equity to between 12% and 14%, up from 10.3% for 2011, with the increase driven by higher operating earnings. The company will increase business in emerging markets to become 20% or more of operating earnings by 2016.
Copyright RTT News/dpa-AFX
© 2012 AFX News
