Metlife profit rises 15% on cost cuts

feature-image

Play all audios:

Loading...

MetLife Inc. said net income rose 15% in the first quarter because of cost cuts and higher profit from group life and disability policies. Net income climbed to $329million, or 44 cents a


share. Revenue increased 2% to $8.09billion. Shares of New York-based MetLife fell $2.29, or 6.7%, to $31.86 on the New York Stock Exchange. MORE TO READ