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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| MetLife Inc | NYSE:MET | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.80 | 1.13% | 71.88 | 72.71 | 71.05 | 71.11 | 4,192,748 | 01:00:00 |
From May 2019 to May 2024
By Patrick Thomas
MetLife Inc. (MET) reported a rise in its third-quarter profit and a jump in revenue despite lower premiums.
The New York insurance giant reported a profit of $880 million, or 88 cents a share, compared with a loss of $97 million, or 9 cents a share, a year ago. The company had a $968 million expense from discontinued operations a year ago that weighed on its bottom line.
The company reported adjusted earnings of $1.38 a share, ahead of expectations from analysts.
Revenue rose slightly to $16.29 billion from $16.17 billion a year earlier. Analysts had expected $16.03 billion of revenue in the quarter. Premiums, fees and other revenues were $12.1 billion, down 4% from a year ago, but net investment income was up 4% for the period.
The company said the results were due to volume growth, favorable underwriting, expense management and increased investment income.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
November 01, 2018 16:30 ET (20:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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