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, Inc. (NYSE: MET) has appointed Bryan Boudreau as executive vice president and Global Chief Actuary, effective May 11, 2023. He will succeed Andy Rallis, who retires after 39 years, including 11 years in the chief actuary role. Boudreau, previously the U.S. Chief Actuary and head of Global Asset Liability Management, brings extensive experience from his roles at various financial firms. His leadership will focus on actuarial functions to ensure MetLife meets its obligations to customers and shareholders. The announcement underscores the company’s commitment to risk management and analytical decision-making.
MetLife Investment Management (MIM) has announced the origination of $4.0 billion in agricultural mortgage loans in 2022, with total agricultural mortgage loans reaching $21.6 billion, reflecting a 40% increase over five years. MIM continues to be the largest non-governmental source of agricultural mortgage capital. Key financing transactions include $70 million for Biagi & Associates, $75 million revolving line for Farmland Partners, and $126 million for Toor Farming LLC. MIM emphasizes its commitment to supporting agricultural producers, highlighting strong financial positions bolstered by high commodity prices.
MetLife Investment Management (MIM) reported a successful year in 2022, originating $15.1 billion in private placement debt and structured credit through 245 transactions. Total assets under management reached $89.5 billion as of December 31, 2022. Corporate placements included $8.5 billion in corporate, $4.7 billion in infrastructure, and $1.9 billion in structured credit transactions. MIM added 94 new issuers and expanded its focus on floating-rate origination, which constituted over 25% of infrastructure investments. Despite market challenges, MIM's strong global relationships and specialized teams position it for continued growth in the private placement sector.
MetLife's 2023 Retirement Income Pulse Check study reveals that 82% of defined contribution plan consultants are increasingly confident in recommending retirement income options since the SECURE Act's passage in December 2019. Notably, 93% have taken action related to these options, with 68% conducting evaluations of available products. Despite positive trends, challenges remain, as 47% cite the complexity of products as a hindrance to adoption. Nevertheless, 11% of plan sponsors have already incorporated guaranteed income options, indicating a growing market interest.
MetLife, Inc. (NYSE: MET) has enhanced the onboarding process for its Worldwide Benefits members, focusing on globally-mobile employees. This new program provides personalized benefits communication throughout the first year of their assignment, addressing a gap identified in MetLife's 2022 Expat Employee Benefits Study, where 65% of participants expressed a need for more relevant information. The initiative includes customized email communications that guide employees through key milestones, ensuring they comprehend their benefits and resources effectively during international assignments.
MetLife, Inc. (NYSE: MET) has confirmed its previously announced dividend of $0.36056250 per share on its floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share (NYSE: MET PRA). The dividend is payable on March 15, 2023, to shareholders recorded as of February 28, 2023. The ex-dividend date will be set by the New York Stock Exchange following this announcement.
MetLife is a leading financial services company, providing a range of insurance and asset management services globally.
MetLife, Inc. (NYSE: MET) announced the appointment of Donna Carr as the new Head of U.S. Group Service and Operations, effective May 16, 2023. Reporting to Merrilee Matchett, Carr will oversee the U.S. Group Benefits call center and operations, enhancing customer experiences across Group Dental, Disability, and Life services. With extensive experience from Bank of America and a background in operational excellence, Carr aims to leverage technology to strengthen customer care. This strategic hire supports MetLife's commitment to delivering innovative solutions and improving customer service in its 154-year history.
MetLife Investment Management has successfully completed its acquisition of Raven Capital Management, announced in February 2023. This transaction adds approximately $2.1 billion to MIM's total assets under management, enhancing its private credit platform and origination capabilities. Steven J. Goulart, president of MIM, emphasized that this acquisition allows for a broader array of credit strategies for clients. Raven specializes in direct asset-based investments, including senior secured loans, bolstering MetLife's investment offerings. As of December 31, 2022, MetLife has $579.8 billion in total assets under management.
FAQ
What is the current stock price of MetLife (MET)?
What is the market cap of MetLife (MET)?
What is MetLife, Inc.?
When was MetLife founded?
How many customers does MetLife serve?
In how many countries does MetLife operate?
What are the main business segments of MetLife?
What percentage of MetLife’s earnings comes from the US segment?
What recent achievements has MetLife made?
Is MetLife committed to diversity and inclusion?
Where can I find more information about MetLife?
What is MetLife's financial condition?
