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.

About the Author

Most Popular Articles

Freddie Mac: Mortgage rates reverse course from last week’s low

This week, the average U.S. fixed rate for a 30-year mortgage jumped to 3.69%. That’s still more than a percentage point lower than the 4.85% of the year-earlier week.

Oct 17, 2019 By

Latest Articles

Dallas tornado leaves 15 miles of homes with at least 50% damage probability

Tornados hit Dallas Sunday night, one gliding along the ground for about 15 miles. The area has at least 50% destruction probability, CoreLogic data shows.

Oct 21, 2019 By