Insurance company MetLife has reported net income of $1.08 billion, or $1.44 per diluted common share for the fourth quarter of 2007, compared to $3.83 billion, or $4.95 per diluted common share for the fourth quarter of 2006.
Operating earnings were $1.20 billion or $1.60 per diluted common share for the fourth quarter of 2007, compared to $1.05 billion, or $1.36 per diluted common share for the fourth quarter of 2006.
For the full-year period of 2007, net income was $4.18 billion, or $5.48 per diluted common share, compared to $6.15 billion, or $7.99 per diluted common share for the full-year period of 2006. Operating earnings were $4.76 billion or $6.25 per diluted common share for the full-year period of 2007, compared to $4.02 billion, or $5.22 per diluted common share for the full-year period of 2006.
C Henrikson, chairman of the board, president and CEO, said: MetLife had an outstanding quarter with record premiums, fees and other revenues of $9.1 billion. In addition, our institutional and international businesses delivered record operating earnings and individual business generated strong year-over-year growth in both annuity deposits and total life premiums.