Feb 12 MetLife Inc, the largest U.S.
life insurer, reported a nine-fold rise in quarterly profit,
helped by a smaller loss on its derivatives program.
The company's net profit rose to $877 million, or 77 cents
per share, in the fourth quarter ended Dec. 31, from $96
million, or 9 cents per share, a year earlier.
Net losses on derivatives fell to $358 million, after tax
and other adjustments, from $924 million.
MetLife has long had a substantial derivatives program
designed to offset volatility in interest rates and foreign