MetLife Q2 income up 11% from last year

|By:, SA News Editor

Operating earnings of $1.6B or $1.44 share up 11% Y/Y.

Premiums, fees, and other revenues of $11.9B up 3% Y/Y (up 6% without negative currency effect).

Book value per share (excluding AOCI) of $47.20 off 3% Y/Y, owing to net derivative losses.

Americas operating earnings up 18% to $1.3B - variable annuity sales of $2.8B off 40%.

Latin America earnings of $125M off 7%.

Asia earnings of $330M up 18%.

EMEA earnings of $68M off 13%.

Investment income of $5.1B about unchanged.

Earnings call tomorrow at 8 ET. (PR)

MET flat AH.

Previous: Earnings report.