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) announced Tia Hodges as vice president and head of Corporate Giving and Employee Volunteerism, effective July 26, 2021. Hodges will also serve as president and CEO of MetLife Foundation, reporting to Mike Zarcone. With an extensive background in philanthropy, including roles at Citi Foundation and KaBOOM!, she aims to strengthen MetLife's impact in the community. MetLife Foundation has provided nearly $1 billion in grants since 1976 and contributed significantly to pandemic relief and racial equity initiatives.
MetLife, Inc. (NYSE: MET) has declared a third quarter 2021 common stock dividend of $0.48 per share. This dividend will be payable on September 14, 2021, to shareholders of record by August 10, 2021. MetLife is a global financial services leader, providing insurance, annuities, and asset management to individual and institutional clients across more than 40 markets. The company emphasizes its commitment to helping customers navigate their financial needs amidst changing circumstances.
MetLife, Inc. (NYSE: MET) has appointed Frederick Mitchell as vice president for U.S. Government Relations, effective July 26, 2021. He will lead advocacy on retirement and financial services policy, reporting to Maggie Gage in Washington, D.C. Mitchell brings extensive experience from the American Bankers Association and PricewaterhouseCoopers, emphasizing legislative and regulatory strategies. His background aims to bolster MetLife's advocacy priorities in the financial services sector.
MetLife, Inc. (NYSE: MET) has scheduled its second quarter 2021 earnings conference call on August 5, 2021, from 9-10 a.m. ET. This follows the release of its earnings news and financial supplement on August 4, 2021, after market close. Investors can access the call via telephone or internet. Replay options will be available from 11:00 a.m. ET on August 5 until August 12, 2021. More details can be found on MetLife's Investor Relations page.
MetLife has launched a new pet insurance product to assist the nearly 12 million households that adopted pets during the pandemic. With more than 2 million adoptions from shelters, many pet owners are financially unprepared for veterinary costs. MetLife's pet insurance features competitive rates and various benefits such as telehealth services, rollover benefits, and no wait periods for orthopedic conditions. Employees can also access discounted rates through employers, with the unique option to cover pre-existing conditions from other insurers.
MetLife (NYSE: MET) has been recognized in Seramount's '2021+ Best Companies for Multicultural Women' list, highlighting its efforts in promoting workplace inclusion for multicultural women. The evaluation considered various metrics including representation and advancement programs. Dr. Cindy Pace, MetLife's Global Chief Diversity and Inclusion Officer, stated that the company focuses on enhancing career opportunities for multicultural women through diverse programs and mentorship networks. MetLife's recent initiatives also include the EXCELERATE talent sponsorship program aimed at supporting diverse employees.
MetLife, Inc. (NYSE: MET) has announced the redemption of its entire $500 million outstanding 3.048% Series C Senior Component Debentures, Tranche 2, scheduled for July 23, 2021. The redemption price will reflect the present value of principal and interest payments remaining until December 15, 2022, discounted as per the terms outlined in the indenture. The payment process will be handled by The Bank of New York Mellon Trust Company, N.A. after the redemption date, ceasing all interest accrual on the Notes thereafter.
MetLife has launched its 2020 Sustainability Report, announcing its plan to originate $500 million in new impact investments by 2030, with 25% aimed at combatting climate change. The company emphasizes its commitment to promoting financial health in underserved communities and advancing racial and gender equity. Key highlights include providing over $250 million in relief during the COVID-19 pandemic, a total asset management of $659.6 billion, and a commitment to reduce GHG emissions by 30% by 2030. MetLife's operations have been carbon neutral since 2016.
MetLife announced the appointment of Mario Valdes as the new General Manager of MetLife Mexico, effective July 1. Valdes, a seasoned leader with over 25 years of global insurance experience, succeeds Sofía Belmar-Berumen, who is transitioning to Head of Business Development and Transformation for Latin America. Belmar has played a pivotal role in establishing MetLife Mexico as a market leader and is the first woman to serve as President of the Mexican insurance association (AMIS). The leadership changes reflect MetLife's commitment to talent development and succession planning in the region.
MetLife, Inc. (NYSE: MET) announced that CEO Michel Khalaf will participate in the ‘Executive Perspectives: Views from Life Insurance CEOs’ panel at the S&P Global Ratings ‘37th Annual Insurance Conference’ on June 9, 2021, at 11 a.m. ET. The conference will be held online, and S&P Global Ratings will provide complimentary registration for attendees, sending access links one day before the event. MetLife, a leading global financial services company, offers insurance and asset management, operating in over 40 markets worldwide.
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