$MET intends to merge its subsidiary, General American Life Insurance Company, with and into another subsidiary, Metropolitan Tower Life Insurance Company. Metropolitan Tower will continue as the surviving entity after the merger, and the merged entity will be domiciled in Nebraska. The transactions are expected to be completed in 1H18.

$MET has declared a 1Q18 common stock dividend of $0.40 per share. The dividend will be payable on March 13, 2018, to shareholders of record as of Feb 5, 2018.

The BoD of $WFC has elected three new independent directors: Celeste A. Clark, former Chief Sustainability Officer at $K; Theodore F. Craver, Jr., former CEO of $EIX; and Maria R. Morris, recently Interim Head of the US Business at $MET. The three new directors will join the board on Jan. 1, 2018. The board has named six new directors in 2017.

$MET's revenue in 3Q17 grew 2% to $16.1Bil and operating earnings grew 10% to $1.2Bil, helped by strong volume growth during the quarter. However, weighed down by charges related to Brighthouse spin off, the insurance giant swung to a loss of $87MM, or 8 cents per share, compared to a profit of $571MM, or 51 cents per share a year ago.

$MET has declared a 4Q17 common stock dividend of $0.40 per share. The dividend will be payable on Dec 13, 2017, to shareholders as of Nov 6, 2017.

$CSC, provider of technology services, has signed a definitive agreement to administer nearly 7MM policies for $MET, consisting of select retail life and annuity closed block business. As part of the deal, CSC will offer employment to more than 1,000 MetLife employees in the US and India. The employee transition will be completed by 2016 end.

Life insurer $MET said it completed the acquisition of Logan Circle Partners, L.P. from $FIG, for approx. $250MM in cash. As of August 31, 2017, Logan Circle Partners had more than $37Bil in assets under management.

$MET will hold a special meeting of its common stock shareholders on Oct 19, 2017, to approve changes to dividend payment tests in the company’s charter. These changes would avoid potential dividend and common stock repurchase restrictions which could occur as a result of the Aug 4, 2017 spin-off of $BHF.

$MET has completed the spin-off of $BHF, creating two independent, publicly-traded companies. Aug 7, 2017 marks the first day of post-separation trading for each company’s common stock on its respective stock exchange.

$MET reported strong volume growth in 2Q17, which in turn drove operating earnings in the US up 13% to $499MM; in Asia, up 20% to $310MM; and in Latin America, up 12% to $154MM.

Brighthouse Financial, which has been spun-off from $MET, reported operating earnings of $283MM in 2Q17, down 5%, driven by lower investment income and higher expenses. Brighthouse Financial will start trading at Nasdaq Stock Market on Monday.

Ahead of the completion of divestiture of Brighthouse Financial, life insurer $MET reported 13% growth in revenue to $17.25Bil in 2Q17. Net income jumped to $838MM, or $0.77 per share, compared to $64MM, or $0.06 per share in the year-ago period. Net income included $284MM in net derivative losses, compared to $1.4Bil in 2Q16.

$MET's BoD declared a common stock dividend of $0.40 per share for 3Q17. The dividend will be payable on Sept. 13, 2017, to shareholders of record as of Aug. 7, 2017.

$MET has signed a definitive agreement with $FIG to acquire Logan Circle Partners, which is Fortress’ traditional fixed income asset management business, for about $250MM in cash. The transaction, expected to close in 3Q17, will not impact MetLife’s existing $3Bil repurchase authorization.

$MET's BoD approved spin-off of Brighthouse Financial. $MET's common shareholders will receive a distribution of one share of Brighthouse Financial common stock for every 11 shares of $MET common stock they own as of the close of business on the July 19 record date.