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UPDATE 1-MetLife posts profit on higher net investment income [Reuters]

Brighthouse Financial, Inc. (BHF) 
Last brighthouse financial, inc. earnings: 2/10 04:16 pm Check Earnings Report
Company Research Source: Reuters
MetLife posts profit on higher net investment income | Reuters 2 Min Read (Reuters) - Insurer MetLife Inc ( MET.N ) reported a profit in the third quarter on Thursday, compared with a year-ago loss, helped by volume growth, favorable underwriting, expense management and improved investment income. Net investment income rose to $4.49 billion from $4.3 billion, a year earlier. The New York-based MetLife is one of the largest U.S. insurers by assets. The results follow MetLife’s annual review of actuarial assumptions that it uses to calculate the capital it must hold in order to pay out claims. Many life insurers review those assumptions during the third quarter to see if they are still accurate. Net income available to MetLife common shareholders was a profit of $880 million. The company posted a loss of $97 million a year earlier. On a per-share basis, the company earned 88 cents compared with a loss of 9 cents a year ago. MetLife’s loss in the same quarter last year was primarily du Show less Read more
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