MetLife has reported a net income of $1.52bn, or $1.84 per share for the second quarter of 2010, compared to a net loss of $1.43bn or $1.74 per share for the same quarter of 2009.
The company reported total revenues of $14.24bn for the second quarter of 2010, compared to $8.26bn for the same quarter in 2009.
The operating earnings were $1.02bn for the second quarter of 2010, compared to $723m of second quarter of 2009.
Robert Henrikson, chairman, president and CEO of MetLife, said: “MetLife continued to deliver strong results during the second quarter as we achieved top line growth and increased operating earnings by 41% over the prior year period.
“Highlights of the quarter included strong underwriting results, higher net investment income and our disciplined approach to expense management. Through our strong presence in the US and with the pending acquisition of Alico, we are well positioned to provide valuable financial solutions for a growing customer base. This increased reach and diverse business mix will help drive future growth and generate long-term value for our shareholders.”