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Article: MetLife Posts a 19% Earnings Decline.(Wealth Management)(Metropolitan Life Insurance Co.)(Financial report)(Brief article)
- Article from:
- American Banker
- Article date:
- July 31, 2008
- Author:
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Byline: Matt Ackermann
MetLife Inc. said its second-quarter profits declined 19% from a year earlier, to $915 million, or $1.26 a share.
The results were hampered by a decline in equity markets and losses in its homeowner business, the New York insurer said Tuesday.
Operating income, which excludes realized investment gains or losses, fell 27.5%, to $942 million, or $1.30 a share. On ...