MetLife Profit Beats Estimates as Firm Works to Fix Mishaps
MetLife Inc.’s had a difficult year, but its first-quarter financial results may offer some solace.
The insurer posted adjusted profit of $1.36 a share, beating analysts’ estimates and pushing shares higher in extended trading. MetLife benefited from tax code changes and gains in operating profit at its U.S., Asia, and Europe, Middle East and Africa businesses, the New York-based company said Wednesday in a statement.
“MetLife had a very good first quarter driven by favorable underwriting, volume growth, and the effects of tax reform,” Chief Executive Officer Steven Kandarian said in the statement.
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