by Max Reyes
MetLife Inc., the biggest US life insurer, said second-quarter profit dipped year-over-year as softer investment income from real estate brought down results.
Total revenue came in at $16.6 billion, compared with $15.4 billion for the same time last year, the New York-based firm said Wednesday in a statement. Adjusted earnings decreased to $1.94 a share from $2.13 a year earlier, but still beat the $1.87 average estimate of analysts surveyed by Bloomberg.
Chief executive officer Michel Khalaf said in the statement. “The momentum of our market leading businesses is driving strong underlying growth.”
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