Feb
03
MetLife Profit Falls 45% on Private Equity, Hedge Fund Slump
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MetLife Inc., the largest U.S. life insurer, said fourth-quarter profit slipped 45 percent as investment results deteriorated in private equity and hedge funds.
Net income fell to $834 million from $1.52 billion a year earlier, the New York-based insurer said Wednesday in a statement. Operating profit, which excludes some investment results, was $1.23 a share, missing the average $1.36 estimate from 17 analysts surveyed by Bloomberg…
MetLife Profit Falls 45% on Private Equity, Hedge Fund Slump
