MetLife Profit Tops Estimates - Quick Facts

(RTTNews) - MetLife Inc. (MET) Wednesday reported fourth-quarter net income of $877 million or $0.77 per share compared with $96 million or $0.09 per share last year.

Results for the recent quarter included after-tax derivative losses of $373 million, compared with losses of $1.3 billion in the prior year.

Excluding items, operating earnings for the quarter were $1.56 billion or $1.37 per share compared with $1.37 billion or $1.25 per share a year ago.

On average, 22 analysts polled by Thomson Reuters estimated earnings of $1.30 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter were $18.38 billion compared with $18.36 million in the prior year. Ten analysts polled by Thomson Reuters estimated revenues of $17.43 billion for the quarter.

Premiums, fees & other revenues for the quarter edged down 1 percent to $13.08 billion from $13.2 billion last year. On a constant currency basis, this was up 2 percent.