Originally published at www.seclive.com
MetLife, Inc. (NYSE:MLU) announced its financial results for the first quarter of the 2014 fiscal year, reporting earnings that fell from the year-ago period. The largest U.S. life insurer by assets posted operating earnings down from $1.63B to $1.56B, with earnings per share dropping from $1.47 to $1.37. Thanks to increased fees and premiums, MetLife revenue ticked upward 1.4% to $17.12B. The 4% dip in operating earnings was the result of a $60M settlement made with New York authorities related to licensing, with the dip causing the company to miss analyst predictions. MetLife, along with other insurance companies, continues to face strong pressure with low interest rates keeping down investment income, but recent interest rate improvements have had positive impacts on life insurers.
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