Three life insurers report fourth-quarter profits
February 7, 2017 by Allison Bell
Three midsize life insurers seem to have taken a different approach to the derivatives market than MetLife Inc. did in the fourth quarter.
Lincoln National Corp., Ameriprise Financial Inc. and Fidelity & Guaranty Life all reported positive net income for the quarter.
Last week, MetLife posted a $2.1 billion net loss. The company blamed the loss on the effects of the interest rate rebound, foreign currency exchange rate fluctuations and stock market volatility on its derivatives-based hedging operations.
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