MetLife Inc.’s profit posting of $1.5 for the second quarter of 2010
The Biggest US Life insurance company, MetLife Inc. (MET.N), announced the company’s profit from domestic and international sales of $1.353 billion for the second quarter of this year 2010 as compared to a loss of $1.43 billion in the same quarter of last year 2009.
According to Reuters Estimates, the investment gains as well as losses were excluded form the said earning. That is above the expected $1.00 share to $1.23.
Although last year 2009, MetLife Inc. has had losses in investments but ever since the fourth quarter of the same year they have been posting company profits.
MetLife is said to buy a $15.5 billion American International Group Inc’s, a foreign life insurance company this March.
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