MetLife profit almost triples on derivative gains
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)
