Metropolitan Life Insurance Company expects to achieve a 7% gain in operating earnings for the fourth quarter of 2011, according to newly released financial results.
MetLife Inc., New York, states in a press release that it expects fourth quarter 2011 operating earnings of between $1.2 billion and $1.3 billion ($1.16 to $1.26 per share), up 7% from $1.2 billion ($1.19 per share) in the fourth quarter of 2010.
The company also expects 2012 operating earnings to be between $5.1 billion and $5.6 billion ($4.80 to $5.20 per share), up 7% over 2011 adjusted results.
The adjustments reflect several one-time items in 2011 and the estimated impact of an industry-wide change in accounting methodology, the company says.