The US life insurer said that its Q4 net income increased owing to lower claims and a smaller loss on its derivatives program. Its derivative loss after tax was $358m versus $924m during the same period earlier year.
MetLife net income for the year ended on 31 December 2013, rose to $3.2bn, or $2.91 per share, against $1.2bn, or $1.12 per share, during the same period earlier year.
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MetLife chairman, president and CEO Steven Kandarian said that the company is pleased with its results for the fourth quarter and full year.
"We achieved an operating return on equity of 12 percent for 2013 despite a decline in leverage.
"We believe this demonstrates our strategy for creating long-term shareholder value is working well and leaves us better positioned for the current regulatory environment," Kandarian added.
Total operating earnings for the Americas were $1.4bn, up by 13% compared to the same period last year, backed by strong results across the region.
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By GlobalDataOperating earnings for Asia were $324m, with an increase of 64%, driven by annual actuarial unlocking charges in the prior year period, and unusually high investment income in the current quarter for Japan.
Operating earnings for EMEA rose by 51% to $89m, reflecting business growth in a number of countries as well as some positive tax- related items.
