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The New York-based insurer said Tuesday that its profit fell 19 percent in the second quarter, missing Wall Street expectations and sending shares down nearly 10 percent in after-market trading.
The insurer also lowered its 2008 full-year earnings expectations.
MetLife earned $915 million, $1.26 per share, down from $1.13 billion, $1.48 per share, a year earlier. Results were dragged down by a decline in equity markets and catastrophe losses hitting its home owners business, the company said.
