Tuesday, July 31, 2007

MetLife posts sharply higher Q2 net, exceeds view

(Reuters) - MetLife's shares rose modestly in aftermarket trading to $60.50 from their close at $60.22 on the New York Stock Exchange. In the last 12 months, MetLife rose 17 percent compared to an 8 percent gain in the Standard & Poor's insurance index .




MetLife's success as an investor in the second quarter was due in part to joint ventures with hedge funds and private equity. MetLife has said it plans to increase its stake in these joint ventures.


Read more at Reuters.com Market News

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