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MetLife, Inc. (NYSE: MET), established in 1868, is one of the world’s largest life insurance companies. Headquartered in New York, MetLife operates through its subsidiaries and affiliates to provide a wide range of financial services, including life insurance, annuities, employee benefits, and asset management. Serving approximately 100 million customers, MetLife has a presence in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe, and the Middle East.
Core Business: MetLife's business is organized into five primary segments: US, Asia, Latin America, EMEA (Europe, Middle East, and Africa), and MetLife Holdings. The US segment, which includes group benefits and retirement solutions, contributes around 50% of the company's earnings. The Asia segment, primarily driven by operations in Japan, and increasingly in India, China, and Bangladesh, contributes about 22% of earnings. The Latin America segment, with strong positions in Mexico and Chile, contributes about 13% of earnings, while the EMEA and MetLife Holdings segments contribute approximately 4% and 11% respectively.
Recent Achievements and Current Projects: MetLife has been expanding its digital capabilities and enhancing its customer experience through technology-driven solutions. The company has introduced several innovative products and services aimed at providing comprehensive life insurance and financial planning solutions. In addition, MetLife has formed multiple strategic partnerships to strengthen its market presence worldwide.
Financial Condition: MetLife is financially robust, consistently demonstrating strong performance and stability. The company has a well-diversified portfolio and a solid balance sheet, which enable it to navigate market fluctuations effectively. MetLife’s commitment to maintaining financial strength is reflected in its consistent earnings and prudent risk management practices.
Diversity and Inclusion: MetLife is dedicated to fostering a diverse and inclusive workforce. The company is an equal opportunity/affirmative action employer and is committed to attracting, retaining, and maximizing the performance of a diverse and inclusive team. MetLife ensures equal employment opportunities without discrimination or harassment based on race, color, creed, religion, national origin, citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, and other protected statuses.
For more information, visit the official website: www.metlife.com.
MetLife (NYSE: MET) has announced that John McCallion, executive vice president and CFO, and head of MetLife Investment Management, will participate in a fireside chat at the Raymond James 46th Annual Institutional Investors Conference. The event is scheduled for Wednesday, March 5, 2025, at 9:15 a.m. (ET).
A live webcast will be available at wsw.com/webcast/rj131/met/1467270, with attendees advised to join 15 minutes early to install necessary software. A replay will be accessible until Wednesday, March 12, 2025, at 11:59 p.m. (ET) at the same website, beginning one hour after the presentation ends.
MetLife, founded in 1868, is a leading global financial services company operating in more than 40 markets worldwide, offering insurance, annuities, employee benefits, and asset management services to help customers build a more confident future.
MetLife (NYSE: MET) has released a financial update video presented by John McCallion, executive vice president and CFO, and head of MetLife Investment Management, covering the fourth quarter and full year 2024 results. The video is available on MetLife's website.
MetLife is a global financial services company established in 1868, offering insurance, annuities, employee benefits, and asset management services. The company operates in over 40 markets worldwide, maintaining strong market positions in the United States, Asia, Latin America, Europe, and the Middle East.
MetLife (NYSE: MET) reported strong financial results for Q4 and full year 2024. Full-year net income reached $4.2 billion ($5.94 per share), up 228% from 2023. Adjusted earnings were $5.8 billion ($8.15 per share), increasing 12% year-over-year.
Q4 2024 highlights include net income of $1.2 billion ($1.78 per share), compared to $574 million in Q4 2023. Adjusted earnings reached $1.5 billion ($2.09 per share), up 7%. Premiums, fees, and other revenues grew 6% to $14.5 billion, while net investment income increased 1% to $5.4 billion.
The company's adjusted book value per share rose 2% to $54.81, while ROE reached 16.9%. MetLife maintained strong liquidity with holding company cash and liquid assets of $5.1 billion, exceeding their target buffer of $3.0-$4.0 billion.
MetLife (NYSE: MET) has announced a groundbreaking expansion of its New Hampshire Paid Family Medical Leave (NH PFML) program by becoming the first carrier to integrate mental health and wellbeing services through a collaboration with TELUS Health. The enhanced program now includes Cognitive Behavioral Therapy (CBT) for employees enrolled in NH PFML.
The new TELUS Health CBT solution provides participants with clinical assessments, dedicated therapist consultations, structured modules, and guided support for various mental health conditions including anxiety, depression, trauma, grief, OCD, and insomnia. This initiative aims to address barriers to mental health services such as cost, stigma, and availability.
The NH PFML program, launched in December 2022, allows flexible cost arrangements where employers can either pay for benefits, have employees pay, or split costs. The program is available exclusively to employer-sponsored NH PFML plans.
MetLife (NYSE: MET) has announced that CEO Michel Khalaf and CFO John McCallion will participate in a fireside chat at the Bank of America Securities 2025 Financial Services Conference on Wednesday, February 12, 2025, at 8:00 a.m. (ET).
A live webcast will be available online, with attendees advised to join 15 minutes early to set up necessary software. A replay will be accessible until February 19, 2025, at 11:59 p.m. (ET), starting one hour after the presentation ends.
MetLife, founded in 1868, is a leading global financial services company operating in over 40 markets worldwide. The company specializes in insurance, annuities, employee benefits, and asset management services, maintaining strong market positions in the United States, Asia, Latin America, Europe, and the Middle East.
MetLife (NYSE: MET) has been named to Fortune magazine's 2025 list of the 'World's Most Admired Companies,' marking a significant achievement among eight life insurers recognized. The recognition stems from Fortune and Korn Ferry's annual corporate reputation assessment, which has been conducted for over 25 years.
The evaluation process involved more than 3,000 top executives, directors, and financial community members rating companies on nine key attributes, including innovativeness, long-term investment value, financial soundness, and talent attraction and retention. MetLife President and CEO Michel Khalaf emphasized that the company's purpose-driven strategy has been instrumental in delivering meaningful business outcomes and building a confident future for stakeholders.
Founded in 1868, MetLife operates in over 40 global markets, maintaining leading positions in the United States, Asia, Latin America, Europe, and the Middle East, offering insurance, annuities, employee benefits, and asset management services.
MetLife (NYSE: MET) has announced a combined fourth quarter and full year 2024 earnings and outlook conference call scheduled for Thursday, February 6, 2025, from 9-10 a.m. (ET). The company will release its Q4 and full year 2024 earnings, Financial Supplement, and outlook materials after market close on Wednesday, February 5, 2025.
The conference call will be accessible via internet livestream and will include discussions about MetLife's business operations, financial results, outlook, and future performance projections. A replay option will be available both via telephone and internet from February 6, 2025, at 11:00 a.m. (ET) until February 13, 2025, at 11:59 p.m. (ET).
MetLife Investment Management (MIM) has announced a definitive agreement to acquire three investment teams and assets from Mesirow, encompassing high yield and bank loan, strategic fixed income, and small-cap equity teams. The transaction will transfer approximately $6 billion of managed assets to MIM, subject to approvals and consents.
The acquisition aligns with MetLife's New Frontier strategy to accelerate growth in asset management and expands MIM's offerings and channels with higher yield capabilities. About 20 investment professionals from the acquired teams are expected to join MIM. The move will enhance MIM's leveraged finance platform, adding opportunistic high yield and bank loan strategies that complement their current offering, including strategies from the recently announced PineBridge Investments acquisition.
MIM, a top 25 institutional investment manager globally, currently manages $609.3 billion in total assets as of September 30, 2024.
MetLife (NYSE: MET) has announced its board of directors' declaration of a first quarter 2025 common stock dividend of $0.545 per share. The dividend will be paid on March 11, 2025, to shareholders of record as of February 4, 2025. MetLife, established in 1868, operates in over 40 global markets, providing insurance, annuities, employee benefits, and asset management services to help individual and institutional customers build their financial future.
MetLife Investment Management (MIM) has announced a definitive agreement to acquire PineBridge Investments, a global asset manager with approximately $100 billion in assets under management. The transaction is valued at up to $1.2 billion, comprising $800 million in cash at closing, $200 million tied to 2025 financial metrics, and $200 million subject to a multi-year earnout.
The acquisition, expected to close in 2025, will increase MIM's total assets under management to over $700 billion. The deal excludes PineBridge's private equity funds group and China joint venture. This strategic move aligns with MetLife's New Frontier strategy to accelerate asset management growth, expanding MIM's global footprint with more than half of the acquired client assets held by investors outside the U.S., and about one-third in Asia.