NEW YORK (AP) — MetLife Inc. says its net income increased tenfold in the third quarter, boosted largely by its acquisition of Alico last year.
The nation's biggest life insurer says it earned $3.55 billion, or $3.33 per share, in the three months ended Sept. 30. That's compared with $286 million, or 32 cents per share, in the year-ago period.
Excluding one-time items, the company earned $1.11 per share. Analysts had forecast a profit of $1.05 per share, according to FactSet.
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