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) 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.
AM Best has upgraded the Financial Strength Rating (FSR) of Metropolitan General Insurance Company to A+ (Superior) from A (Excellent) and affirmed the FSR of A+ for most members of Metropolitan Life Insurance Group. Additionally, it affirmed MetLife, Inc.'s Long-Term Issuer Credit Ratings (ICR) at 'aa-' (Superior), with stable outlooks. The ratings reflect strong balance sheet strength, operating performance, and effective enterprise risk management. The group's liquidity and capital adequacy were highlighted as supporting factors. MetLife’s diverse earnings and focus on high-margin products enhance its market position across various regions.
MetLife, Inc. (NYSE: MET) announced the redemption of all outstanding 4.368% Series D Senior Debentures, totaling $1 billion, on February 10, 2023. The redemption price is defined as either the principal amount or the present value of future payments discounted at a specified rate. After the redemption date, interest on the Notes will cease. Payments will be managed through The Depository Trust Company and facilitated by The Bank of New York Mellon Trust Company.
MetLife, Inc. (NYSE: MET) has declared a $0.50 per share common stock dividend for the first quarter of 2023. This dividend will be payable on March 14, 2023, to shareholders on record as of February 7, 2023. The company continues its commitment to return value to shareholders while navigating a global market.
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MetLife, Inc. (NYSE: MET) will host its fourth quarter and full year 2022 earnings call on February 2, 2023, from 9-10 a.m. (ET). The earnings release, along with the Financial Supplement and future outlook, will be available after market close on February 1, 2023. The call will cover business operations, financial results, and future projections. Participants can access the call via telephone or online. Replays will be available until February 9, 2023.
MetLife, Inc. (NYSE: MET) has expressed support for the recently signed SECURE 2.0 Act, included in the Omnibus government funding package. The legislation increases premium maximums for qualifying longevity annuity contracts (QLACs), enhancing access to guaranteed income for retirees. It also provides more funding options for employers regarding retiree medical and life insurance liabilities, effectively reducing financial risks on their balance sheets. MetLife sees these changes as crucial for enabling Americans to retire confidently.