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MetLife posts lower Q4 net income

NEW YORK
Wed Feb 6, 2008 4:27pm EST

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A MetLife flag is pictured outside the MetLife building in New York, January 31, 2005. MetLife Inc., the largest U.S. life insurer, said on Wednesday that net income fell in the fourth quarter, based on a comparison with a $3 billion after-tax gain a year ago. REUTERS/Chip East

NEW YORK (Reuters) - MetLife Inc (MET.N), the largest U.S. life insurer, said on Wednesday that net income fell in the fourth quarter, based on a comparison with a $3 billion after-tax gain a year ago.

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MetLife said net income was $1.08 billion or $1.44 a share, down from $3.83 billion or $4.95 a share in the year earlier quarter when the insurer reported gains from the sale of two large apartment complexes.

(Reporting by Lilla Zuill, editing by Phil Berlowitz)
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