Monday, May 01, 2006
MetLife Profit Declines by 28%; Hartford, Up 8%
A bond-market bet contributed to MetLife Inc.'s recording a 28% drop in first-quarter net income, while Hartford Financial Services Group Inc. said it had a 9% increase.
Both companies, which reported after the close of trading, said their underlying life-insurance businesses grew briskly and raised their earnings guidance for the full year, as an aging population increasingly turns to products like annuities in a search for retirement income.
MetLife Profit Declines by 28%; Hartford, Up 8%
Source: Wall Street Journal (subscription required)
Both companies, which reported after the close of trading, said their underlying life-insurance businesses grew briskly and raised their earnings guidance for the full year, as an aging population increasingly turns to products like annuities in a search for retirement income.
MetLife Profit Declines by 28%; Hartford, Up 8%
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 11:14 AM 
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