MetLife (MET) Misses Q3 EPS by 12c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/5/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. DUOL
6. SWKS
7. ANET
8. SPY
9. XYZ
10. CVS

Go back to MetLife (MET) Misses Q3 EPS by 12c

MetLife profit falls short on U.S., Latam weakness

October 30, 2019 4:25 PM EDT

By Suzanne Barlyn and C Nivedita

(Reuters) - U.S. insurer MetLife Inc (NYSE: MET) fell short of Wall Street estimates for quarterly profit on Wednesday, hit by a fall in adjusted earnings in its U.S. and Latin American businesses.

Adjusted earnings for MetLife's U.S. business fell 11% to $707 million from the a year earlier. The unit was also pressured by a 16% decline in the retirement business on lower investment margins and less favorable underwriting. Adjusted earnings fell 9% in Latin America.

However, adjusted earnings rose 31% in Asia. The... More