Metlife wins turbo boost from derivatives gain
MetLife has reported a $1.25bn third-quarter gain from derivatives positions, significantly boosting its quarterly net income.
The US insurer made a net gain of $1.25bn from derivatives positions that benefit from lower interest rates. Although MetLife’s adjusted earnings declined versus the same period of 2018, the derivatives gain helped drive net income to $2.15bn for the quarter, a substantial rise on the $880m the ...
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