MetLife Outlook Cut by S&P as Dollar, Investments Hurt Earnings

MetLife Inc., the largest U.S. life insurer, had its outlook cut to stable from positive by Standard & Poor’s after currency fluctuations and bets on private equity and hedge funds pressured profits.

“The primary reason for the decline is the strong U.S. dollar that hurts reported earnings, and lower-than-expected investment income from the alternative investment portfolio,” the ratings firm said in a statement Thursday on the New York-based insurer.

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