“MetLife Inc. (MET), the largest U.S. life insurer, projected 2013 earnings that were below analysts’ estimates as low interest rates weigh on investment returns.
Next year’s operating profit, which excludes some investment results, will be $4.95 to $5.35 a share, the New York-based company said today in a statement. That compares with the average estimate of $5.48 among 19 analysts surveyed by Bloomberg. Operating profit in the current quarter may also fall short, at $1.12 to $1.22 a share, MetLife said, compared with estimates for $1.22.”
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