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MetLife Investment Management Completes Acquisition of Affirmative Investment Management

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MetLife Investment Management (MIM) has completed the acquisition of Affirmative Investment Management (AIM), a specialist in ESG impact fixed income investment management. This strategic acquisition, announced in August 2022, adds approximately $1.0 billion to MIM’s assets under management. MIM’s president, Steven J. Goulart, highlighted the importance of this move for sustainable investing, enhancing MIM’s investment offerings. AIM has received multiple awards for its ESG-related contributions, including Best ESG Investment Fund at the ESG Investing Awards 2022.

Positive
  • Acquisition of AIM enhances MIM's ESG investment capabilities.
  • AIM adds approximately $1.0 billion to MIM's total assets under management.
  • MIM strengthens its investment offerings through AIM's expertise in impact investing.
Negative
  • None.

WHIPPANY, N.J.--(BUSINESS WIRE)-- MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), announced that it has completed the acquisition of Affirmative Investment Management (AIM), a specialist global environmental, social and corporate governance (ESG) impact fixed income investment manager. Announced in August 2022, the transaction adds roughly $1.0 billion to MIM’s total assets under management.

“Completing the acquisition of AIM is an important milestone in advancing MIM’s commitment to sustainable investing and meeting the evolving ESG needs of our clients,” said Steven J. Goulart, president of MIM and executive vice president and chief investment officer for MetLife. “We are excited to integrate AIM’s expertise across impact investing, verification, reporting, and engagement into MIM’s fundamental research-based public fixed income, private capital and real estate capabilities. Going forward, our clients will be presented with an even stronger set of investment offerings.”

AIM has won numerous ESG-related industry awards, most recently Best ESG Investment Fund: Fixed Income at the ESG Investing Awards 2022, Impact Asset Manager of the Year at the 2021 Australian Impact Investment Awards, and Impact Report of the Year (for investors) at the Environmental Finance Bond Awards in 2021.

About MetLife Investment Management

MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global public fixed income, private capital and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MetLife Investment Management provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment and financing solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and, as of September 30, 2022, had $571.2 billion in total assets under management.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

Forward-Looking Statements

The forward-looking statements in this news release, using words such as “going forward,” “seek” and “will,” are based on assumptions and expectations that involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife’s future results could differ, and it does not undertake any obligation to publicly correct or update any of these statements.

For Media:

Dave Franecki

+1-973-264-7465

dave.franecki@metlife.com

Shree Dhond

(646) 722-6531

mim@dlpr.com

Source: MetLife, Inc.

FAQ

What is the significance of MetLife's acquisition of AIM?

The acquisition enhances MetLife Investment Management's capabilities in ESG impact investing and adds $1.0 billion to its assets under management.

When was the acquisition of AIM by MetLife announced?

The acquisition was announced in August 2022.

What awards has Affirmative Investment Management received?

AIM has won several awards, including Best ESG Investment Fund at the ESG Investing Awards 2022.

How will the acquisition affect MetLife's investment offerings?

The acquisition will strengthen MetLife's investment offerings by integrating AIM's expertise across various investment strategies.

What is the stock symbol for MetLife?

The stock symbol for MetLife is MET.

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