MetLife profit almost triples on derivative gains

Reuters

July 30 (Reuters) - MetLife Inc, the largest U.S. life insurer, reported a quarterly profit that almost tripled, helped by derivative gains.

Net profit rose to $1.34 billion, or $1.17 per share, in the second quarter ended June 30 from $471 million, or 43 cents per share, a year earlier.

MetLife recorded a net derivative gain after tax and other adjustments of $202 million in the quarter, compared with a loss of $1.2 billion in the same period of 2013.

(Reporting by Avik Das and Sudarshan Varadhan in Bangalore; Editing by Sriraj Kalluvila)

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