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MetLife operating profit falls as investment income declines

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Reuters
Last Updated : May 05 2016 | 3:07 AM IST

(Reuters) - Insurer MetLife Inc's operating profit fell 19 percent as its investment income declined and expenses rose.

The company's net operating profit fell to $1.33 billion, or $1.20 per share, in the first quarter ended March 31 from $1.64 billion, or $1.44 per share, a year earlier.

MetLife's operating revenue declined 2 percent to $16.61 billion.

(Reporting By Sudarshan Varadhan in Bengaluru; Editing by Kirti Pandey)

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First Published: May 05 2016 | 2:50 AM IST

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