Derivatives hit contributes to $2.1 billion MetLife net loss
February 2, 2017 by Allison Bell
Rising interest rates contributed to a $3.2 billion after-tax loss on MetLife Inc. and its derivatives in the fourth quarter, but higher rates should be good for company fundamentals, overall.
Fluctuations in currency exchange rates and stock prices also contributed to the derivatives loss, executives at the New York-based company said.
MetLife executives talked about the derivatives loss today during a conference call they held to discuss the company’s fourth-quarter earnings with securities analysts.
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