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MetLife reported a mixed third quarter with a decrease in net income but a strong increase in adjusted earnings per share. The company saw growth in adjusted earnings, driven by variable investment income and expense discipline, and resumed share repurchases.
Net income decreased to $633 million, or $0.69 per share.
Adjusted earnings increased to $1.6 billion, or $1.73 per share.
Book value per share rose to $76.20.
Holding company cash and liquid assets stood at $7.8 billion.
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Visualization of income flow from segment revenue to net income