High levels of Covid-19 deaths harmed MetLife Inc.’s fourth-quarter results in its employer-sponsored life insurance business as the Delta variant persisted in the United States, but the outsized payouts were more than offset by unusually strong investment gains. The New York company’s net income increased to $1.18 billion, up from $124 million the previous year,… Continue reading MetLife’s Earnings Surge, but Covid-19 Limits Insurer’s Latest Results
Tag: MetLife
COVID-19 Shutdowns Shore Up Allstate, MetLife Earnings
Two of the nation’s best-known sellers of insurance—Allstate Corp. and MetLife Inc.—delivered fourth-quarter results bolstered partly by Covid-19 business shutdowns and stay-at-home directives. Allstate’s net income surged 52% to $2.6 billion, while net income at the big New York life insurer fell 77% to $124 million. MetLife’s decline was primarily related to mark-to-market losses on… Continue reading COVID-19 Shutdowns Shore Up Allstate, MetLife Earnings
MetLife Sued for Gender Discrimination by Ex-Chief Administrative Officer
MetLife Inc was sued for gender discrimination on Wednesday by a female former senior vice president who said she was underpaid, called a “bitch” and told she had to “choose between being pretty and being smart” while working at the insurance company. Mona Moazzaz, who served as chief administrative officer in MetLife’s global technology and… Continue reading MetLife Sued for Gender Discrimination by Ex-Chief Administrative Officer