MetLife: 4Q Earnings Snapshot

NEW YORK (AP) _ MetLife Inc. (MET) on Wednesday reported fourth-quarter net income of $2.07 billion.

The New York-based company said it had net income of $2.04 per share. Earnings, adjusted for non-recurring gains, were $1.35 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The insurer posted revenue of $15.66 billion in the period. Its adjusted revenue was $15.4 billion.

For the year, the company reported profit of $5.12 billion, or $4.91 per share. Revenue was reported as $68.16 billion.

MetLife shares have climbed 10 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 9 percent. In the final minutes of trading on Wednesday, shares hit $45.20, a drop of 2 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MET at https://www.zacks.com/ap/MET

The post MetLife: 4Q Earnings Snapshot appeared first on InsuranceNewsNet.