Please ensure Javascript is enabled for purposes of website accessibility

Someone Accidentally Gave Us All a Sneak Peek at MetLife’s First Quarter Results

Posted on by Caleb Newquist

I guess it's nice that when someone screws up like this, the company is forced to admit it openly. A reader tipped us to an 8-K filed by MetLife today. 

Shortly after 5:30 PM (Eastern time) on April 18, 2012, MetLife, Inc. (“MetLife”) furnished to the Securities and Exchange Commission (the “SEC”) on Form 8-K revised historical financial results (the “Historical Results Financial Supplement”) which revised the information contained in its quarterly financial supplements for each quarter of 2011. The Historical Results Financial Supplement was made available in advance of MetLife’s planned earnings announcement for the quarter ended March 31, 2012 to aid investors in understanding the impact of MetLife’s reorganization of its business into six segments, reflecting three broad geographic regions, and the adoption and retrospective application of new guidance regarding accounting for deferred acquisition costs, both of which occurred during the first quarter of 2012. Shortly after the Form 8-K was furnished, the Historical Results Financial Supplement was also posted on the Investor Relations section of MetLife’s website. On April 19, 2012, MetLife learned that the data in the version of the Historical Results Financial Supplement posted on its website could be accessed in ways to make visible the preliminary financial results of MetLife for the quarter ended March 31, 2012 which were otherwise embedded in the document but were not visible. 

Therefore, MetLife has attached a new Historical Results Financial Supplement, which includes MetLife’s preliminary financial results for the quarter ended March 31, 2012, to this Form 8-K as Exhibit 99.1. In light of the preliminary nature of these financial results, investors are cautioned not to place undue reliance on them. Due to the inadvertent early release of this information, MetLife will provide final financial results for the quarter ended March 31, 2012 on April 26, 2012, after the close of trading on the New York Stock Exchange.

Certainly not the end of the world, but preparing another 8-K is probably something the MetLife finanical reporting team could have done without. 

 

Related Posts

Friday Footnotes: KPMG Sued (Again); Accounting For Weed; Less Travel Equals Profit For EY Partners | 11.5.21

.CPA Web Domain Launches in Canada [Business Wire] The restricted web domain, administered by the […]

Former Bucknell Accounting Student Accused of Serial Flashing Had a MO That Would Make Most Women Suspicious

Jay Patrick Knaub, the former accounting major from Bucknell University accused of flashing four girls between the ages of 12 and 16, was back in court yesterday with his victims present. CBS21 reports that a few of the charges have been dropped and other charges consolidated but the most surprising thing we learned was that Mr. Knaub’s modus operandi was something that would have most women backing away slowly from the car with their hands in the air.

Each time the Middletown resident and former Bucknell University student would reportedly drive up to the girls and ask for directions. At least twice he’s accused of showing them a map, and then moving that map to expose his genitals. [At least twice he’s accused of showing them a map, and then moving that map to expose his genitals.]

Because of the age of these girls, chances are they’ve never been in the presence of a man admitting to being lost and needing directions since that is something simply doesn’t not happen unless A) he’s being forced to do under duress (e.g. future sex is being withheld) or B) he is not from this planet.

Any woman that has ever been lost with a man, knows that stopping and asking anyone for directions is something that men simply do not have the capacity to do. Accordingly, any man waving them down from a car and saying, “I think I’m lost and need directions,” would have send them running, arms flailing and screaming for the nearest police officer.

Unfortunately, these young girls had to learn this life lesson in a very shocking way and not in the normal course of experiencing the stupidity of men.

Serial flasher faces his victims in court [CBS21]