(Reuters) – MetLife Inc reported a 33% drop in fourth-quarter adjusted profit on Wednesday as a global market rout hurt the U.S. insurer’s investment returns.
The company posted adjusted profit of $1.2 billion, or $1.55 per share, for the three months ended Dec.
31, compared with $1.8 billion, or $2.17 per share, a year earlier.
Analysts on average had expected $1.65 per share, according to IBES data from Refinitiv.
(Reporting by Manya Saini in Bengaluru; Editing by Devika Syamnath)
