Suneet Kamath News
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Genworth Financial Inc., the insurer seeking a chief executive officer, reported a profit as losses narrowed at the unit backing U.S. home loans and investment results improved.
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Genworth Financial Inc. declined after acting Chief Executive Officer Martin Klein listed potential obstacles to separating the U.S. mortgage-insurance unit from the company.
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MetLife Inc., the insurer whose plan for a dividend increase was rejected by the Federal Reserve, said third-quarter profit surged more than 10-fold on gains in the company’s derivative bets.
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Prudential Financial Inc., the life insurer that expanded in Japan through acquisitions, said fourth-quarter profit more than tripled on non-U.S. earnings and narrower losses from investments and derivatives.
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MetLife Inc., the biggest U.S. life insurer, said fourth-quarter profit surged on earnings from derivatives.
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MetLife Inc., the biggest U.S. life insurer, posted second-quarter results that beat analysts’ estimates as profit climbed outside its home market. The stock gained in extended trading.
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Aflac Inc., the world’s largest seller of supplemental health insurance, said it holds almost $2 billion of bonds tied to banks in Greece and Portugal, whose ratings have been cut on mounting debt.
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MetLife Inc., the U.S. life insurer considering acquisitions in Latin America, has resources to pay $3 billion in cash for ING Groep NV’s business in the region, said Suneet Kamath, an analyst with Sanford C. Bernstein & Co.
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American International Group Inc. , the insurer selling assets to repay a U.S. rescue, may seek buyers for its Japanese life units as Chief Executive Officer Robert Benmosche reshapes the firm.
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Prudential Financial Inc. and MetLife Inc. , insurers that have competed for U.S. sales for more than a century, are extending their rivalry in Japan as American International Group Inc. sells units.
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