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 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.
MetLife, Inc. (NYSE: MET) has announced that Michel Khalaf, CEO, and John McCallion, CFO, will participate in a fireside chat at the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021, at 8:40 a.m. ET. A live webcast will be available online, and listeners should join 15 minutes early to ensure proper setup. The replay will be accessible about 12 hours after the event until December 15, 2021, at 11:59 p.m. ET. MetLife is a top global financial services provider, operating in over 40 markets.
MetLife hosted its third annual Women in Tech conference, Triangle Tech X, from October 26-27, 2021, addressing strategies to support women in STEM careers. Featuring discussions with executives from MetLife and prominent organizations, the conference emphasized actionable insights for employers to sustain female talent in the workforce. Key speakers noted the critical role of employer-provided benefits in retaining women in STEM, particularly in the post-pandemic landscape. MetLife's commitment to empowering women through flexible work arrangements was also highlighted, showcasing its efforts to foster diversity and inclusion.
MetLife Investment Management has achieved a 5-star rating from the Global Real Estate Sustainability Benchmark (GRESB) for two real estate partnerships for the second consecutive year. The partnerships with Norges Bank Investment Management and New York State Common Retirement Fund are recognized as "Sector Leaders." A third real estate portfolio also received a 4-star rating. MIM aims for carbon neutrality through its MetZero™ initiative and plans to power all managed investments with 100% renewable electricity by 2030, underpinning its commitment to sustainable investing.
MetLife, Inc. (NYSE: MET) has released a financial update video for Q3 2021, presented by CFO John McCallion. The video outlines key financial metrics and performance indicators for the quarter, available on MetLife's website.
The company continues to operate in over 40 markets globally, providing a range of financial services, including insurance and asset management. Investors are encouraged to view the full release for comprehensive insights into MetLife's financial standing.
MetLife, Inc. (NYSE: MET) reported a robust third quarter 2021, showcasing a net income of $1.5 billion or $1.77 per share, significantly up from $633 million or $0.69 per share in Q3 2020. Adjusted earnings rose by 31% to $2.1 billion, or $2.39 per share. Despite a 2% decline in total premiums and revenues at $11.6 billion, net investment income surged by 18% to $5.6 billion, driven by strong equity returns. Book value per share increased to $77.24, reflecting a 1% rise from last year.
MetLife released findings from a survey indicating that 63% of women who left the workforce during the pandemic are ready to return, with 80% considering careers in STEM. The survey highlights critical factors encouraging women’s pursuit of STEM jobs, including increased diversity in leadership (38%) and better fitting benefits (33%). MetLife is hosting the Triangle Tech X Conference on October 26-27 to discuss actionable insights for employers. The study included 2,000 US workforce participants, focusing on women in STEM.
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