MetLife Profit Falls 52% On Costs Of Retail Unit’s Spinoff

–MetLife Inc., the largest U.S. life insurer, said third-quarter profit tumbled 52 percent on derivative losses and costs tied to the spinoff of a U.S. retail business as Chief Executive Officer Steve Kandarian reorganizes the company. Net income slipped to $571 million from $1.2 billion a year earlier, New York- based MetLife said Wednesday in a statement.