“MetLife Inc. received a $3.2 million fine for loan service and disclosure practices connected to a banking unit that it’s planning to sell. As the New York insurer continues experiencing such problems, its investors have been increasingly exposed to the possibility of scandal-related losses this year.
MetLife’s financial statements have reflected an AGR score of 4 as of June, indicating higher accounting and governance risk than 96% of comparable companies. Between June 2010 and September 2011, MetLife’s AGR score had improved to as high as 48, putting it into average territory. Before that period the insurer’s AGR score had languished for at least five quarters at no higher than 7.”
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