MetLife has involved $2 billion
14 October 2008American company MetLife, the largest life insurer in the USA, has involved 2 billion dollars due to sale of shares after profit decrease in the third quarter on 48 %.
The company has realized 75 million shares at the price of 26,5 dollars per share. It is on 1,9 % below their cost on closing of the tenders on Wednesday.
Operational profit of MetLife in the third quarter has made 675 million dollars
Let’s note that the largest insurance companies, registered in the USA and on Bermudas, have written off more than 80 billion dollars of cost of the actives, connected with the mortgage as borrowers could not pay off their debts.
- ING expects the loss on results of 2008
- Insurance company Aegon (Netherlands) has completed M&A on mergence of Merrill Lynch insurance divisions
- Warren Buffett has offered to buy back the insurance for debts in 800 billion
- The largest American insurer declared record losses
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