Metlife Inc

NYSE:MET   3:59:55 PM EDT
+0.58 (+1.01%)
4:00:00 PM EDT: $58.24 +0.02 (+0.03%)
Earnings Announcements, Mergers / Acquisitions

NN Group To Buy Metlife's Poland, Greece Activities for EUR 584 Mln

Published: 07/05/2021 06:21 GMT
Metlife Inc (MET) - To Acquire Metlife's Business Activities in Poland and Greece for a Consideration of EUR 584 Million.
Incremental Operating Capital Generation Expected to Grow to Around EUR 50 Million in 2024 Partially Excluding Cost Synergies; Expected Double-digit Return on Investment.
Maintaining Strong Solvency Post Transaction, Solvency Ratio Negative Impact of Around 6%-points (proforma 31 Dec 2020).
Acquisition Will Further Bolster Nn's Leading Market Positions, Strengthening Its Position in Life and Pensions in Poland, While Creating Market Leading Insurance Company in Greece.
Acquisition Will Almost Double Nn's Total Customer Base in Poland and Greece and Will Create a Strong Platform for Future Growth, With Potential for Cost Synergies.
Closing of Transaction is Subject to Obtaining Necessary Regulatory and Competition Clearances and is Expected in First Half of 2022.
Further Company Coverage: Nn.
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Revenue is expected to be $15.78 Billion
Adjusted EPS is expected to be $1.55

Next Quarter Revenue Guidance is expected to be $16.06 Billion
Next Quarter EPS Guidance is expected to be $1.62

More details on our Analysts Page.