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 (NYSE: MET) has appointed Katanya Moore as vice president and head of Regulatory Policy, effective June 8, 2021. In this role, she will manage regulatory analysis and advocacy at various governmental levels. Reporting to Susan Greenwell, Moore brings extensive experience in regulatory strategies, particularly in capital markets and securities law, gained from her prior position with the U.S. House Committee on Financial Services. Her strategic insight is expected to enhance MetLife’s policy initiatives.
MetLife, Inc. (NYSE: MET) has declared preferred stock dividends payable on June 15, 2021, to shareholders of record by May 28, 2021. The dividends include:
- $0.25555555 per share for Series A (liquidation preference of $25)
- $9.60602666 per share for Series C (liquidation preference of $1,000)
- $351.5625 per share for Series E (liquidation preference of $25,000), $0.3515625 per depositary share
- $296.875 per share for Series F (liquidation preference of $25,000), $0.296875 per depositary share
MetLife, Inc. (NYSE: MET) announced the redemption of all outstanding Series C Preferred Stock at a price of $1,000 per share, effective June 15, 2021. Shareholders of record as of May 28, 2021, will receive a quarterly dividend of $9.60602666 on the same date. The redemption will be managed by Computershare Trust Company, and dividends will cease after the redemption date. MetLife is a global leader in financial services, offering a range of insurance and asset management solutions across more than 40 markets.
MetLife, Inc. (NYSE: MET) reported a financial update for Q1 2021, presented by Senior VP John Hall. The update includes the company's performance metrics and forward-looking statements addressing potential risks such as economic conditions and regulatory changes. MetLife is a major player in financial services, operating in over 40 markets globally, providing insurance, annuities, and asset management services. The company remains committed to navigating challenges in the financial landscape while serving its customers effectively.
MetLife, Inc. (NYSE: MET) reported a net income of $290 million ($0.33 per share) for Q1 2021, down 93% from $4.4 billion ($4.75 per share) in Q1 2020. Adjusted earnings rose 36% to $2.0 billion ($2.20 per share). Book value decreased 3% to $70.08 per share. Premiums, fees, and other revenues increased by 9% to $12.3 billion. The company returned approximately $1.4 billion to shareholders via share repurchases and dividends, while holding $3.8 billion in liquid assets. MetLife's ROE was 1.8%, with adjusted ROE at 16.5%. CEO Michel Khalaf expressed optimism about future performance.
MetLife, Inc. (NYSE: MET) has declared a second quarter 2021 common stock dividend of $0.48 per share, a 4.3% increase from the previous quarter's dividend of $0.46. This marks a compound annual growth rate of 10.0% in dividend increases since 2011. The dividend is scheduled for payment on June 14, 2021, to shareholders of record as of May 11, 2021. MetLife's President and CEO, Michel Khalaf, highlighted the company's financial strength and commitment to returning capital to shareholders while pursuing profitable growth.
MetLife, Inc. (NYSE: MET) completed the sale of Metropolitan Property and Casualty Insurance Company and subsidiaries to Farmers Group, Inc. for $3.94 billion in cash. This deal establishes a 10-year partnership allowing Farmers to offer personal lines products on MetLife’s U.S. Group Benefits platform, which serves 3,800 employers and 37 million eligible employees. Farmers will also take over MetLife’s retail property and casualty customers. MetLife aims to maintain strong relationships with distribution partners while enhancing benefits access for employees across the U.S.
MetLife, Inc. (NYSE: MET) will host its first quarter 2021 earnings conference call on May 6, 2021, from 9:00 to 10:00 a.m. ET. This follows the issuance of the earnings news release and Financial Supplement on May 5, 2021, post-market close. Investors can access the call via telephone at 877-692-8955 (U.S.) or 234-720-6979 (international) using access code 2510803. The call will be available for replay until May 13, 2021. For further details, visit MetLife Investor Relations.
MetLife Investment Management (MIM) announced a partnership with Girls Who Invest (GWI) to enhance career opportunities for women in the asset management sector. Several GWI Scholars will participate in MIM's summer intern program, focusing on portfolio management, research analysis, and trading. This initiative aims to develop a diverse talent pipeline and is backed by MIM's Women’s Investment Network and MetLife Foundation. MIM, with over $659.6 billion in assets under management, emphasizes its commitment to diversity and sustainable practices in the investment industry.
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