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) generates a steady flow of news as a global financial services company focused on insurance, annuities, employee benefits and asset management. Founded in 1868 and operating in more than 40 markets worldwide, the company regularly issues updates that reflect its broad presence in the United States, Asia, Latin America, Europe and the Middle East.
On this page, readers can follow MET news related to quarterly and annual earnings, capital management actions, and strategic initiatives. MetLife frequently announces earnings results, preliminary financial information and outlook details through news releases and accompanying financial supplements. These updates often address adjusted earnings, net investment income, variable investment income and segment performance across Group Benefits, Retirement and Income Solutions, regional insurance businesses and MetLife Investment Management.
MetLife news also covers strategic transactions and partnerships. Recent communications include a variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, the acquisition of PineBridge Investments, LLC and certain affiliates by MetLife Investment Management, and collaborations to expand access to institutional income annuities within defined contribution plans. Additional announcements highlight partnerships in areas such as pet insurance distribution and digital leave support solutions for employees.
Investors and observers can also track dividend declarations on common and preferred stock, research-driven insights like the U.S. Employee Benefit Trends Study, and philanthropic initiatives through MetLife Foundation. For those monitoring MET, this news feed provides a centralized view of the company’s financial disclosures, product and partnership developments, and broader corporate activities.
MetLife, Inc. (NYSE: MET) has appointed Jeh Charles Johnson to its board of directors, effective immediately. Johnson, a partner at Paul, Weiss, has a robust background in cybersecurity and held significant roles such as Secretary of Homeland Security and General Counsel of the U.S. Department of Defense. MetLife's Chairman, R. Glenn Hubbard, and President & CEO, Michel Khalaf, expressed confidence that Johnson's expertise will be invaluable as the company aims for improved performance in 2023. Johnson also serves on various prestigious boards and has received numerous accolades for his public service.
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According to MetLife's 2023 Post Retirement Benefits Poll, 88% of plan sponsors are considering retiree medical buyouts, while 84% are exploring retiree life buyouts. These transfers are seen as ways to mitigate investment and longevity risks, thus benefiting corporate balance sheets. The poll also revealed that 86% of companies maintain open retiree medical and life insurance plans, with 85% of sponsors acknowledging the financial impact on their statements. Key legislation, including the SECURE 2.0 Act, is aiding sponsors in managing funding levels for these obligations, crucially extending the ability to transfer excess pension assets until 2032.
MetLife Investment Management (MIM), the institutional asset management division of MetLife (NYSE: MET), has announced its definitive agreement to acquire Raven Capital Management, a private investment firm managing approximately $2.1 billion in assets as of December 31, 2022. This acquisition aims to enhance MIM's capabilities in higher-yielding private credit offerings and broaden its investment strategies. With Raven's expertise in direct asset-based investments, including senior secured loans, MIM expects enhanced origination in key asset classes. The deal is subject to customary closing conditions.
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MetLife, Inc. (NYSE: MET) announced a financial update for Q4 and full year 2022 from CFO John McCallion via a video presentation. The company, a global leader in financial services, has maintained strong operations across various markets, including the U.S., Japan, and Europe. The update is part of MetLife's ongoing commitment to transparency and accountability to its stakeholders. The video is available on their official website.
MetLife, Inc. (NYSE: MET) reported its full year and fourth quarter results for 2022, revealing significant declines in net income and adjusted earnings. Net income for the year was $2.4 billion, a 63% drop from 2021, with earnings per share at $2.91, down 60%. Adjusted earnings were $5.5 billion, down 30%, translating to $6.85 per share, a 25% decline. The company's book value fell dramatically to $29.81 per share, down 61% from the previous year. However, the fourth quarter showed a slight increase in net income to $1.3 billion, compared to $1.2 billion in Q4 2021. Notably, premiums, fees, and total revenues experienced mixed results, showcasing growth in some areas despite overall declines.
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MetLife, Inc. (NYSE: MET) announced that CEO Michel Khalaf and CFO John McCallion will participate in a fireside chat at the Bank of America Securities Financial Services Conference 2023 on February 15, 2023, at 8:50 a.m. ET. A live webcast will be available here, with a replay accessible until February 22, 2023, at 11:59 p.m. ET. MetLife, founded in 1868, operates in over 40 markets globally, offering insurance, annuities, and asset management, enabling customers to build a secure future.
MetLife has partnered with Snoopy to raise awareness about the importance of pet health insurance as pet ownership in the U.S. surges. Currently, only less than 3% of the over 90 million pet-owning families are insured. The initiative aims to educate pet parents about protecting their finances and ensuring their pets' well-being amid increasing care costs; 84% of pet owners reported rising expenses in 2022. MetLife Pet Insurance, launched in 2020, is becoming a leading workplace provider, with features like 24/7 vet access and no breed exclusions. The company's research indicates strong interest in pet insurance, with 65% of pet owners wanting it offered by employers.