Tuesday, February 13, 2018

New York-Based Life Insurer MetLife Generated 4Q 2017 After-Tax Net Income of $2.134 Bil, 57% of Which or $1.206 Bil is a Net Income Tax Benefit Related To the US Trump Tax Cuts Act ....................................................................................... The Two Components of This $1.206 Bil Income Tax Benefit Were a 4Q 2017 Income Tax Expense Earnings Charge of $170 Mil Related To the Deemed Foreign Earnings Repatriation Transition Toll Tax and a Huge 4Q 2017 Income Tax Benefit of $1.376 Bil Resulting From the US Federal Income Tax Debt Forgiveness Feature Included in the US Trump Tax Cuts Act