MetLife Inc. said Monday that it expects this quarter to be its first profitable one since last year's fourth quarter.
The New York company said in a Securities and Exchange Commission filing issued before its annual investor day that it expects to post net income of $340 million to $485 million for the quarter, versus a profit of $954 million for last year's fourth quarter.
For 2010, MetLife expects earnings of $4 to $4.40 per share.
MetLife accumulated $2.57 billion of net losses in the first nine months of 2009.
It said in a separate regulatory filing that "back-to-normal earnings performance will be in the 2011 to 2012 time frame."