MetLife CEO Lauds Global Sales Strategy

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MetLife

MetLife’s first-quarter profit rose 38%, beating Wall Street’s expectations. What’s fueling the insurance giant’s growth? MetLife CEO Robert Henrikson joined “Morning Call” to explain.

"This is a healthy market for us, and we’re doing quite well," Henrikson said.

Although life insurance sales are down, the CEO is pleased with MetLife’s annuity business. And the company posted the third highest quarter in the industry with $3.6 billion in deposits. In addition, global sales rose 28%, and the company did especially well in Japan, South Korea and Mexico.

“The bottom line was extraordinary, quite frankly,” Henrikson said. “You’ll see a little less of a bottom-line impact in the future because we continue to invest in those markets.”

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