U.S. insurer MetLife Inc beat analysts' estimates for quarterly profit on W...
- U.S. insurer MetLife Inc beat analysts’ estimates for quarterly profit on Wednesday, buoyed by strong underwriting, volume growth, as well as higher investment income.
Life insurers make money by investing premiums in stocks and bonds, hoping to earn more than what they pay out in claims. The insurer is strengthening its Asia and Europe, the Middle East and Africa businesses to counter intense competition in the United States, where an already saturated market is seeing the rise of fintech companies.
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