MetLife slumps as Bill Gross laments life Insurers’ prospects
June 29, 2016 by Agnel Philip
Opinions vary as to the extent of the impact on insurers from the Brexit vote.
(Bloomberg) — MetLife Inc. slumped in New York trading as the Brexit vote in the U.K. pushed down bond yields, threatening investment income from the company’s portfolio.
MetLife, the largest U.S. life insurer, dropped 8.6 percent to $40.36 at 12:34 p.m., extending its loss for the year to 16 percent. Lincoln National Corp. declined 10 percent and the S&P 500 Life & Health Insurance Index fell 7.1 percent, the most since 2011
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Originally Posted at LifeHealthPro on June 24, 2016 by Agnel Philip.
Categories: Industry Articles
