MetLife Swings to $835 Million Profit on Investments

MetLife Inc., the biggest U.S. life insurer, swung to a profit in the first quarter as investments improved. The company gained in extended trading in New York.

Net income was $835 million, or 97 cents a share, compared with a loss of $544 million, or 71 cents, in the year-earlier period, New York-based MetLife said in a statement. Excluding some investment results, profit was $1.01 a share, beating the 98-cent average estimate of 17 analysts surveyed by Bloomberg...

BizWeek: MetLife Swings to $835 Million Profit on Investments