MetLife Q1 profit rises on higher premiums, investment income

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Metlife News

Fixed-Income Investments,First-Quarter Profit,Premiums

Adjusted premiums, fees and other revenues - excluding pension risk transfers at the insurance firm - rose 4% for the first quarter from last year to $11.97 ...

- MetLife reported a rise in first-quarter profit on Wednesday, helped by higher premiums and strong returns from investments.

A higher-for-longer interest rate environment maintained by the U.S. Federal Reserve has also helped insurers rake in more from fixed-income investments. On an adjusted basis, profit was $1.83 per share for the three months ended March 31, compared with $1.52 a year earlier.Rival Prudential Financial also reported a rise in quarterly profit on Tuesday helped by robust performance in the insurer's U.S. unit.1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation

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