Metropolitan Life Insurance Co. anticipates gains in net income and revenue for the fourth quarter and fiscal year, the company has announced.
For the fourth quarter of 2010, MetLife (NYSE: MET), New York, expects net income to be between $170 million and $570 million, compared with $289 million in the fourth quarter of 2009.
It projects full-year 2010 net income to be between $2.8 billion and $3.2 billion. In 2009, MetLife reported a net loss of $2.4 billion, which included $3.3 billion in derivative losses, after taxes.
-Warren Hersch
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Again, expected as most, if not all insurance companies have been looking at some sort of profit this year, it has been one of the strongest economic sectors in the global economy, on every continent and no matter the conditions of the market in that area.
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