MetLife’s 4Q Profit Jumps to $1.5B on Derivative Gains on Falling Interest Rates, Weakening Foreign Currency

February 11, 2015 by Fran Matso Lysiak, senior associate editor, BestWeek: fran.lysiak@ambest.com

NEW YORK – MetLife Inc.’s fourth-quarter net income increased to nearly $1.5 billion from $877 million the same period a year ago.
Net income in the final quarter of 2014 included $120 million in derivative gains, after-tax, reflecting falling interest rates and the weakening of foreign currencies against the dollar, MetLife said.
Total operating revenues, however, dipped slightly to $18.24 billion.
Full-year net income jumped to $6.2 billion from $3.2 billion. Total operating revenues for 2014 rose 3% to $71.1 billion.
Metropolitan Life Insurance Co. currently has a Best’s Financial Strength Rating of A+ (Superior).

Originally Posted at A.M. Best on February 11 ,2015 by Fran Matso Lysiak, senior associate editor, BestWeek: fran.lysiak@ambest.com.