Welcome to our dedicated page for MetLife news (Ticker: MET), a resource for investors and traders seeking the latest updates and insights on MetLife stock.
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 the appointment of Nick Nadgauda as Executive Vice President and Chief Information Officer, effective March 10, 2025. Reporting to Bill Pappas, EVP and Head of Global Technology and Operations, Nadgauda will oversee application development, infrastructure, enterprise platforms, and architecture teams.
Nadgauda joins from Citi, where he spent 20 years, most recently leading a global team of 15,000 as CIO of Citi Services. He brings experience in payment processing, global custody, and liquidity management across 90 countries. In his new role, he will also lead MetLife's partnership with NC TECH around the Center for Technology Workforce Innovation, supporting MetLife's Global Technology Hub in Cary, NC, which employs 2,600 people.
MetLife (NYSE: MET) unveiled its new five-year 'New Frontier' growth strategy at its 2024 Investor Day, building upon the success of its previous 'Next Horizon' strategy. The company outlined ambitious financial commitments, including double-digit adjusted earnings per share growth and a 15-17% adjusted return on equity.
The strategy focuses on four key growth areas: expanding Group Benefits leadership, capitalizing on retirement platforms in the U.S. and Japan, accelerating asset management growth, and expanding in high-growth international markets, particularly in Latin America and Asia. MetLife also targets a 100-basis-point reduction in direct expense ratio and projects free cash flow of $25 billion.
MetLife and General Atlantic have announced the formation of Chariot Reinsurance, (Chariot Re), a Bermuda-based life and annuity reinsurance company set to launch in the first half of 2025. Chariot Re will have an initial equity investment of over $1 billion. MetLife and General Atlantic will each own approximately 15% of Chariot Re's equity, with the remaining held by third-party stakeholders, including Chubb. MetLife plans to initially reinsure around $10 billion in liabilities to Chariot Re, comprising structured settlement annuity contracts and group annuity contracts associated with pension risk transfers. The transaction is subject to regulatory approvals and final equity raised. MetLife will continue handling all customer-related functions, and MetLife Investment Management alongside General Atlantic will provide asset management services to Chariot Re. Cynthia Smith is expected to lead Chariot Re as CEO, with Toby Srihiran Brown and Graves Tompkins representing MetLife and General Atlantic on the board, respectively.
MetLife Investment Management (MIM) has been recognized as a '2024 Best Place to Work in Money Management' by Pensions & Investments for the fourth consecutive year. The recognition was based on a comprehensive two-part survey conducted by Best Companies Group, evaluating company policies, programs, and employee feedback.
MIM provides employees with holistic wellness resources covering mental, physical, social, and financial well-being, along with comprehensive benefits. The company maintains a strong commitment to diversity through its Diversity, Equity and Inclusion Council and inclusion networks.
As a top 25 institutional investment manager globally, MIM leads in private fixed income asset management for third-party insurance accounts and ranks as the largest infrastructure debt investment manager worldwide, as well as the largest real estate investment manager.
MetLife has announced a strategic partnership with Workday as one of its inaugural Workday Wellness partners. This collaboration aims to enhance employer benefit programs through AI-powered solutions. Workday Wellness will connect employers with top benefit providers and provide insights into employee benefit preferences and usage patterns.
The partnership will help employers optimize their benefits portfolios and better understand program impact across their workforce. As the largest U.S. Group Benefits carrier, MetLife's participation will combine its robust portfolio with Workday's AI capabilities to provide comprehensive program insights.
The collaboration will simplify administrative tasks and enable MetLife to evolve its products based on employee needs. Additional details about the partnership will be shared in 2025.
MetLife (NYSE: MET) has announced its upcoming Investor Day scheduled for Thursday, December 12, 2024, at 8:30 a.m. (ET) in New York City. The event will feature presentations from MetLife's executive leadership team introducing the company's New Frontier strategy.
The presentation will cover the company's business operations, financial results, and future performance projections. Interested parties can access the live webcast and presentation materials at metlife.com/InvestorDay2024. Attendees are advised to register 15 minutes before the event starts. A replay will be available on the same website shortly after the event concludes.
MetLife Investment Management (MIM) has appointed Kerry O'Brien as global head of Insurance Asset Management and Liability Solutions. O'Brien will oversee investment strategies for MetLife's $414.1 billion general account and third-party insurance clients. She joins from Insight Investments and brings extensive experience from previous roles at AIG.
MIM, ranking among the top 25 global institutional investment managers, is the largest infrastructure debt investment manager worldwide and leads in real estate investment management. The firm manages $609.3 billion in total assets as of September 30, 2024, leveraging nearly 150 years of investment experience.
MetLife celebrated the 5th anniversary of its Malaysia Center of Excellence (COE) on November 22, marking significant growth since its 2019 establishment. The COE has expanded from an initial team of 50 to 230 professionals working across global finance, technology, and other functions supporting MetLife's Asia operations.
The celebration took place at the Courtyard Kuala Lumpur South, featuring entertainment, games, and employee recognition. COE Site Lead Dan Faline highlighted Malaysia's diverse capabilities and the team's commitment to delivering exceptional results. The company chose Malaysia for its wealth of talent and favorable business environment.
MetLife (NYSE: MET) has been named one of the Fortune World's 25 Best Workplaces™ for 2024. The recognition is based on 7.4 million survey responses representing 20 million workers globally. To qualify, companies must be recognized on at least five Best Workplaces lists across different regions during 2023 or early 2024.
MetLife achieved recognition on Great Place to Work lists in multiple countries including China, Cyprus, India, Uruguay, Chile, Mexico, and Portugal, while also being certified in 13 other markets. The company was previously named to the Fortune 100 Best Companies to Work For® in the U.S. in both 2024 and 2023.
MetLife Pet Insurance Solutions and the Human Animal Bond Research Institute (HABRI) announced a collaboration to strengthen the human-animal bond through research, education, and advocacy. The partnership aims to support research demonstrating the physical and mental health benefits of pet ownership and promote better pet care practices. MetLife Pet will fund research documenting companion animals' positive impacts on human health and advocate for policies supporting pet owners and increased veterinary care access.
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