MetLife Inc. (MET) reported Thursday a net income of $3.55 billion for the third quarter, up from $286 million last year. Excluding certain items, the insurance company earned $1.18 billion for the quarter, up from $958 million a year ago and down slightly from $1.2 billion last quarter. Earnings per share were $1.11 in the third quarter, a slight increase from last year’s $1.08 per share. MetLife reported $785 billion in total assets for the quarter, up from $617 billion in total assets a year ago. The insurance giant’s total liabilities were $724 billion at Sept. 30, an increase from $570 billion a year earlier. Earlier Thursday, the company reaffirmed its desire to sell its depository and mortgage origination businesses. MetLife held $62.9 billion in mortgages in the third quarter. Write to Andrew Scoggin. Follow him on Twitter @ascoggin.
Reporter at HousingWire through 2012.see full bio
Most Popular Articles
Michigan’s Whitmer steps up, signs single-stair reform into law
Gov. Gretchen Whitmer took a big step toward clearing the path for developers to build smaller apartment buildings more affordably. Whitmer signed Michigan’s single-stair legislation into law this week, a green light for developers to build multifamily housing up to six stories more economically, with a single interior exit stairway. Michigan housing advocates say the […]
Jul 22, 2026
-
New York outflows reshape housing demand in Texas and Florida
Jul 24, 2026 -
Don’t fall for a fake foreclosure crisis
Jul 24, 2026 -
Home sales are positive but higher rates slowing demand
Jul 25, 2026 -
Why homebuilders aren’t building more homes
Jul 24, 2026 -
Mortgage servicers face higher costs from transfers and regulation
Jul 27, 2026
Latest Articles
Zillow wins dismissal of RESPA claims in Flex referrals case
Judge Robart dismissed RESPA claims against Zillow, finding plaintiffs lacked standing because they did not pay the alleged referral fees.
-
Sekisui House U.S. CEO David Viger on bringing Japan-inspired resiliency to U.S. homes
-
Closinglock launches payment tools to secure homebuyer funds
-
DFW’s next suburban growth wave is forming west of Fort Worth
-
America’s accidental landlords: The hidden consequence of the mortgage lock-in effect
-
Gaining that local edge to outperform competition amid market consolidation
Reporter at HousingWire through 2012.see full bio