MetLife investment yields squeezed by rate cuts, repo turmoil

US insurer MetLife reported lower investment yields at its retirement and income solutions (RIS) division in the third quarter of this year, as declining interest rates, the inversion of the US yield curve and whipsawing repo markets all took their toll.

The annualised general account spread for the unit fell to 1.02% at end-September, down from 1.19% in Q2 and 1.25% in the year-ago quarter. Third-quarter adjusted earnings for the RIS division were $284 million, down 19% on Q2 and by 16% on the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: