MetLife (MET) Misses Q3 EPS by 12c
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MetLife profit falls short on U.S., Latam weakness
October 30, 2019 4:25 PM EDTBy 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
