At a glance
- The increase was driven by higher variable investment income, AM Best said.
- A threefold rise implies year-earlier net income of about $780 million.
- For advisors reviewing insurers' general accounts, the due-diligence question is how much of the variable investment income reflects recurring yield and how much reflects quarterly marks.
MetLife's third-quarter net income available to shareholders was $2.35 billion, up threefold from a year earlier, AM Best News reported Nov. 5.
The increase was driven by higher variable investment income, AM Best said. A threefold rise implies year-earlier net income of about $780 million.
For advisors reviewing insurers' general accounts, the due-diligence question is how much of the variable investment income reflects recurring yield and how much reflects quarterly marks.
Reported by the Insurer portfolios desk from AM Best News. Published . Corrections