RSS FeedMetLife Swings to $835 Million Profit on Investments BusinessWeek
(Adds cash holdings in 10th paragraph, international results in 13th.)
By Andrew Frye and Sapna Maheshwari
April 29 (Bloomberg) -- MetLife Inc., the biggest U.S. life insurer, swung to a profit in the first quarter as investments improved. The company gained in extended trading in New York.
Net income was $835 million, or 97 cents a share, compared with a loss of $544 million, or 71 cents, in the year-earlier period, New York-based MetLife said in a statement. Excluding some investment results, profit was $1.01 a share, beating the 98-cent average estimate of 17 analysts surveyed by Bloomberg.
MetLife, which lost $2.25 billion last year, is seeking to expand as profits return. Chief Executive Officer Robert Henrikson agreed in March to buy a non-U.S. life insurer from American International Group Inc. for about $15.5 billion. He’s tapping debt and equity investors for the purchase, which will bring MetLife business in emerging economies including Brazil and Russia.
Term Life Insurance Calculator
Are term life insurance calculator reliable and accurate? Where can I find one?
Wendy
Dallas Texas
Insurance websites have their own term life insurance calculator that can be considered reliable. These calculators though can be confusing to first-time users who only want to know or get quotes for their age and coverage amount. Some companies designed their term life insurance calculators so that a person has to enter a lot of information that would lead to the ideal amount he should get as coverage.
If you have a lot of time in your hands, you wouldn’t mind doing this. But if you are busy and would simply like to know the rates, being led around will prove irritating. You may become frustrated and decide to talk to a live customer service representative over the phone. Before you do this, try visiting other sites and leave the one you don’t like. Online shopping will still turn out the best option for you in the long run because of its convenience and the availability of comparison tools. The next best thing you can do is to go to a broker’s website or any other kind of website that provides quotes directly without having to require the user for many information. Basic information requirement would include age, face amount and coverage period or term of of the policy. Once you have entered these things, you need not fill out the rest of the questionnaire as you will still get the quotes.
From there, several rates will be displayed on the screen that are the result of your using the term life insurance calculator. Usually, these rates are just estimates particularly when you have entered very little information about yourself. The difference though could be very little as term insurances are generally dependent on age alone. Some companies may even give you coverage without requiring for a medical examination.
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