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.
Ides Capital Management has expressed frustration over Safety Insurance Group’s stock performance, ESG shortcomings, and capital allocation issues. Through a recent letter, Ides criticized the company’s lack of constructive engagement and transparency, highlighting its January 12 announcement as insufficient. Ides has nominated two independent director candidates, Olga Kondrashova and Farooq Sheikh, to advocate for shareholders. They recommend actions such as initiating share repurchases and improving governance practices to enhance shareholder value.
MetLife, Inc. (NYSE: MET) has been recognized as one of America’s 100 Most JUST Companies by JUST Capital. This ranking highlights the company's commitment to sustainability, accountability, and worker well-being, which are crucial elements of its business strategy. MetLife's Chief Sustainability Officer, Jon Richter, emphasized their dedication to safeguarding health, promoting equality, and investing in communities. The company has previously received accolades from Newsweek, the Dow Jones Sustainability Index, and Fortune, underscoring its reputation for responsible business practices.
MetLife, Inc. (NYSE: MET) has declared a first quarter 2022 common stock dividend of $0.48 per share. This dividend is scheduled for payment on March 14, 2022, to shareholders of record by February 8, 2022. As a leading financial services company, MetLife provides a wide range of products, including insurance and asset management, and operates in over 40 markets globally.
This dividend reflects MetLife's commitment to returning value to its shareholders.
MetLife, Inc. (NYSE: MET) will hold its fourth quarter and full year 2021 earnings and outlook conference call on February 3, 2022, from 9-10 a.m. ET. The call follows the release of its financial results and outlook materials on February 2, 2022. Participants can access the call via telephone or online through the MetLife Investor Relations page. A replay will be available starting at 11 a.m. ET on February 3, 2022, until February 11, 2022. MetLife offers a range of financial services, operating in over 40 markets worldwide.
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (ICR) of “aa-” for the members of Metropolitan Life Insurance Group. The Long-Term ICR for MetLife, Inc. (NYSE: MET) is confirmed at “a-” with a stable outlook. This rating reflects strong balance sheet strength, operating performance, and a diversified revenue stream across various geographies. MetLife's ability to manage risk effectively contributes to its favorable credit profile, maintaining appropriate financial leverage and interest coverage.
MetLife Investment Management has been recognized as a 2021 Best Place to Work in Money Management by Pensions & Investments, marking its first appearance on the list. This honor reflects MIM's commitment to a collaborative and inclusive workplace, as emphasized by president Steven J. Goulart. The evaluation included a comprehensive survey assessing employee policies and benefits, such as a holistic wellness program and flexible work arrangements. MIM also focuses on diversity through various initiatives and partnerships aimed at expanding opportunities for underrepresented groups.
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of 'a+' (Excellent) to Metropolitan General Insurance Company, a subsidiary of MetLife (NYSE: MET). The outlook for these ratings is stable. AM Best's assessment reflects Metropolitan General's strong balance sheet strength with risk-adjusted capitalization and expectations of capital growth. The company will focus on writing legal and pet insurance, benefiting from MetLife’s extensive distribution network. This expansion offers additional insurance options to employees.
In October, MetLife celebrated its second annual Asia Corporate Social Responsibility Month, aligning with the global 'Volunteering with Purpose' campaign. Employees across nine Asian markets contributed over 6,000 volunteer hours to community and environmental initiatives, including assembling prosthetic hands and athletic kits for the Special Olympics. Highlights include 4000+ girls in India benefiting from menstrual health awareness programs and significant participation in an EcoChallenge that saved thousands of disposable items from landfills. MetLife aims to foster community engagement while reinforcing its corporate values.
MetLife, Inc. (NYSE: MET) has been recognized on Seramount's 2021 Top Companies for Executive Women list, marking its 14th achievement in promoting women's advancement in the workplace. The evaluation focused on key areas like gender pay parity and support programs. MetLife's Gender Equity Initiative emphasizes diversity and inclusion through leadership development and flexible workplace policies. Additionally, MetLife was the first US insurer to endorse UN Women’s Empowerment Principles, celebrating its commitment to gender equality.
State Street Global Advisors has launched IncomeWise™, a deferred lifetime income solution, within the University of California's defined contribution plans, serving over 300,000 participants with assets exceeding
IncomeWise™ combines traditional target date funds' flexibility with guaranteed lifetime income, addressing growing retirement security needs. The solution utilizes a qualified longevity annuity contract (QLAC) to convert savings into a secure income stream during retirement. State Street partnered with MetLife for annuity provision, aiming to enhance financial stability for participants.
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