MetLife Rises on Higher Than Expected Revenues

Shares of MetLife MET are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 2.49%, at $40.80; they ended the regular session higher by 0.56%, at $39.81. MetLife reported Q3 EPS of $1.13 on revenues of $16.89 billion; the Street was looking for $1.13 per share on revenues of $16.12 billion. Revenues increased 33.3% year over year. "MetLife delivered strong results during the second quarter," said Steven A. Kandarian, president and chief executive officer of MetLife, Inc. "We grew earnings per share by 13% over the prior-year quarter while generating a record $11.8 billion in premiums, fees and other revenues. The fact that we were able to deliver these results despite losses from natural disasters in the United States and Japan is a testament to the earnings power of MetLife's diverse portfolio of businesses. Our Alico integration work is proceeding on plan, and we're well positioned for continued profitable growth that adds shareholder value." MetLife, Inc. is a provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 60 countries. Through its subsidiaries and affiliates, MetLife operates in the United States, Japan, Latin America, Asia Pacific, Europe and the Middle East.