MetLife Profit Rises 15% on Cost Cuts
Bloomberg News
MetLife Inc. said net income rose 15% in the first quarter because of cost cuts and higher profit from group life and disability policies.
Net income climbed to $329million, or 44 cents a share. Revenue increased 2% to $8.09billion.
Shares of New York-based MetLife fell $2.29, or 6.7%, to $31.86 on the New York Stock Exchange.
