NEW YORK (AP) _ MetLife Inc. (MET) on Wednesday reported first-quarter earnings of $358 million.

The New York-based company said it had profit of 33 cents per share. Earnings, adjusted for non-recurring costs, came to $2.20 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The insurer posted revenue of $15.56 billion in the period. Its adjusted revenue was $16.71 billion.

MetLife shares have increased 39% since the beginning of the year, while the S&P's 500 index has increased 11%. In the final minutes of trading on Wednesday, shares hit $65.41, a rise of 91% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MET at https://www.zacks.com/ap/MET

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