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MetLife posts Q4 net loss

MetLife Inc. reported fourth-quarter 2016 operating earnings of $1.42 billion, or $1.28 per share, compared with $1.38 billion, or $1.23 per share, in the year-ago quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was $1.34.

The net loss for the quarter was $2.13 billion, or $1.94 per share, compared with net income of $785 million, or 70 cents per share, a year ago. The net loss figure included $3.2 billion, after tax, in net derivative losses related to changes in interest rates, foreign currencies and equity markets, compared to $231 million, after tax, such losses a year earlier.

Full-year 2016 operating earnings were $5.09 billion, or $4.59 per share, compared with $5.48 billion, or $4.86 per share, in 2015.

The S&P Capital IQ consensus normalized EPS estimate for 2016 was $4.65.

More details to follow...