NEW YORK (AP) — MetLife Inc. swung to a loss in the first three months of the year, mainly because its complex financial investments lost value.
The insurance giant released the preliminary figures ahead of schedule Friday after accidentally disclosing them on its website. MetLife said it will disclose revised figures next week that give a more reliable picture of the company's finances.
MetLife posted a net loss in the quarter ended March 31 of $94 million, or 9 cents per share, compared with net income of $701 million, or 66 cents per share, in the same period a year earlier.
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