MetLife Earnings Beat Expectations as Private Equity Bets Gain
The MetLife headquarters building in New York.
Photographer: Michael Nagle/Bloomberg
MetLife Inc. reported third-quarter earnings that edged out Wall Street expectations as returns on private equity investments rose.
Adjusted earnings per share rose to $2.37 thanks in part to better variable investment income, the company said in a statement Wednesday. That exceeded the $2.32 average estimate of analysts surveyed by Bloomberg.