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MetLife sees net investment income rise by 3% to $4.6bn

Written by Adam Cadle
31/10/2019

MetLife has seen its net investment income rise by 3% to $4.6bn in the three months ended 30 September 2019 compared to a year earlier, driven by favourable changes in the estimated fair value of certain securities which do not qualify as corporate accounts under GAAP.

Net derivative gains amounted to $1.3bn, or $991m after tax during the quarter.

Return on equity was recorded at 13.7%.

“MetLife reported solid third quarter adjusted earnings per share, driven by volume growth, variable investment income and the cumulative impact of our capital management,” MetLife president and CEO Michel Khalaf said.

“Our performance highlights MetLife’s resilience in the face of market headwinds and the strength of our diverse mix of businesses.”

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