US-based MetLife has reported a net income of $2.26bn, or $2.12 per share, for the second quarter of 2012, compared to $1.06bn, or $1 per share, for the same period in 2011.
The total operating revenues for the second quarter of 2012 rose 1% to $16.78bn, compared to $16.64bn for the same period a year ago.
Operating earnings increased 18% to $1.42bn for the quarter, or $1.33 per share, compared to $1.2bn or $1.13 per share, for the same period last year.
Total operating earnings for the Americas increased 11% to $1.1bn for the quarter while premiums, fees & other revenues for the Americas were down slightly at $8.4bn.
Operating earnings for Asia increased 61% to $275m for the quarter primarily due to growth in the business in Japan and net investment income.
EMEA operating earnings rose 28% to $82m for the quarter due to business growth in several countries and the benefit of a one-time item.
MetLife chairman, president and chief executive officer Steven Kandarian said, "Our underwriting discipline is paying off, our investment income and core spreads are healthy, and we're successfully managing through the low-interest-rate environment."
