Advertisement
Australia markets close in 1 hour 50 minutes

  • ALL ORDS

    8,126.80
    +6.60 (+0.08%)
     

  • ASX 200

    7,855.70
    +4.00 (+0.05%)
     

  • AUD/USD

    0.6666
    -0.0004 (-0.06%)
     

  • OIL

    79.06
    -0.20 (-0.25%)
     

  • GOLD

    2,417.20
    -8.70 (-0.36%)
     

  • Bitcoin AUD

    104,832.52
    -1,826.52 (-1.71%)
     

  • CMC Crypto 200

    1,475.78
    -12.76 (-0.86%)
     

  • AUD/EUR

    0.6140
    +0.0001 (+0.01%)
     

  • AUD/NZD

    1.0894
    -0.0041 (-0.38%)
     

  • NZX 50

    11,678.37
    +2.38 (+0.02%)
     

  • NASDAQ

    18,713.80
    +39.61 (+0.21%)
     

  • FTSE

    8,416.45
    -7.75 (-0.09%)
     

  • Dow Jones

    39,872.99
    +66.22 (+0.17%)
     

  • DAX

    18,726.76
    -42.20 (-0.22%)
     

  • Hang Seng

    19,254.80
    +34.18 (+0.18%)
     

  • NIKKEI 225

    38,757.51
    -189.42 (-0.49%)
     

MetLife Q1 profit rises on higher premiums, investment income

Reuters
·1-min read

May 1 (Reuters) - MetLife reported a rise in first-quarter profit on Wednesday, helped by higher premiums and strong returns from investments.

Adjusted premiums, fees and other revenues - excluding pension risk transfers at the insurance firm - rose 4% for the first quarter from last year to $11.97 billion.

A higher-for-longer interest rate environment maintained by the U.S. Federal Reserve has also helped insurers rake in more from fixed-income investments.

The company's net investment income was up at $5.44 billion from $4.65 billion in the year-ago period.

On an adjusted basis, profit was $1.83 per share for the three months ended March 31, compared with $1.52 a year earlier.

Rival Prudential Financial also reported a rise in quarterly profit on Tuesday helped by robust performance in the insurer's U.S. unit. (Reporting by Pritam Biswas and Arasu Kannagi Basil in Bengaluru; Editing by Mohammed Safi Shamsi)