MetLife's results weighed down by derivatives loss

Markets Reuters

A MetLife Inc building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake (Copyright Reuters 2017)

MetLife Inc , the largest U.S. life insurer, reported a quarterly net loss, compared with a profit a year earlier, dragged down by a derivative loss of $3.2 billion.

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The company posted a net loss of $2.13 billion, or $1.94 per share, for the fourth quarter ended Dec. 31, compared with a profit of $785 million, or 70 cents per share, a year earlier.

MetLife's operating income, which excludes investment and derivative gains or losses, rose to $1.28 per share.

Total operating revenue rose 0.5 percent to $17.20 billion.

(Reporting by Pallavi Dewan and Sruthi Shankar in Bengaluru; Editing by Savio D'Souza)