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MetLife Projects Income, Revenue Gains

By staff Writer

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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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