July 30, 2014 / 8:21 PM / 3 years ago

MetLife profit almost triples on derivative gains

July 30 (Reuters) - MetLife Inc, the largest U.S. life insurer, reported a quarterly profit that almost tripled, helped by derivative gains.

Net profit rose to $1.34 billion, or $1.17 per share, in the second quarter ended June 30 from $471 million, or 43 cents per share, a year earlier.

MetLife recorded a net derivative gain after tax and other adjustments of $202 million in the quarter, compared with a loss of $1.2 billion in the same period of 2013.

Reporting by Avik Das and Sudarshan Varadhan in Bangalore; Editing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below