MetLife Expects $300 Mln Operating Profit Increase Due To Higher Interest Rates

MetLife, an insurance provider, said it expects higher U.S. interest rates to increase operating profit by a total of $300 million over the next three years, according to a presentation linked to its outlook call.

MetLife expects positive earnings impact of $45 million in 2017 followed by $105 million in 2018 and $150 million in 2019.

The insurer also disclosed that it expects to incur $300 million in pretax expenses in 2017 for a cost-cutting program announced earlier this year.