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) news hub provides investors and financial professionals with centralized access to official corporate communications and market-moving developments. This resource aggregates essential updates from one of the world's largest life insurance providers, spanning 50 countries with $687 billion in total assets under management.
Track critical announcements including quarterly earnings releases, regulatory filings, and strategic partnership updates. Our curated feed includes product launches, leadership changes, and dividend declarations relevant to MET's operations in insurance, retirement solutions, and employee benefits. Bookmark this page for real-time access to SEC filings, investor presentations, and analyst commentary.
Key coverage areas include MET's group benefits innovations, international market expansions, and risk management initiatives. Stay informed about developments across MetLife's core segments: U.S. group insurance, global retirement products, and asset management strategies. Verify timestamps on all materials and cross-reference original source links for due diligence purposes.
MetLife Investment Management has announced a financing package worth USD 161 million to support the English Football League (EFL) Championship Clubs affected by the COVID-19 pandemic. This funding will help clubs facing financial difficulties due to the absence of matchday revenues over the past 12 months. The EFL chair, Rick Parry, emphasized the significance of this support for clubs to evaluate their finances and plan for the upcoming season. MetLife aims to strengthen the football sector while managing $659.6 billion in total assets.
MetLife Investment Management (MIM) reported a record $22.4 billion in agricultural mortgage loan assets under management (AUM) as of December 31, 2020, achieving a 10% year-over-year growth. Despite global challenges, MIM provided $4.7 billion in agricultural loans across more than 700 transactions, marking a 35% increase in transaction volume compared to 2019. This positions MIM as the largest non-government source of agricultural mortgage capital. The firm's commitment to supporting clients during the pandemic highlights its role in the agricultural sector.
MetLife Investment Management (MIM) reported $10.7 billion in new commercial real estate transactions in 2020, bringing total commercial real estate assets under management (AUM) to $106.7 billion by year-end. The gross market value of commercial mortgage loans reached $74.0 billion, while real estate equity AUM is at $32.7 billion. Despite the pandemic, MIM originated 137 commercial mortgage loans worth $8.5 billion and acquired $2.2 billion in properties. Strategic focus included last-mile distribution centers and suburban apartments, positioning MIM for future growth.
MetLife (NYSE: MET) has appointed Robin Gordon as Chief Data and Analytics Officer, effective March 29, 2021. Gordon will oversee enterprise data strategies, analytics, and governance, reporting to Bill Pappas. She brings extensive experience from her previous role as CIO at Blackstone's real estate portfolio, where she drove technology and data initiatives. Gordon also served as Chief Data Officer at CoreLogic, generating $2 billion in revenue through data strategies. Her leadership aims to enhance digital transformation and customer experience at MetLife.
MetLife, Inc. (NYSE: MET) announced that Robin Gordon will take on the role of Chief Data and Analytics Officer, starting March 29, 2021. In this position, Gordon will oversee the company's data strategy, services, operations, engineering, innovation, and governance. Reporting to Bill Pappas, she aims to enhance MetLife's digital transformation and customer experience. Gordon comes from Blackstone, where she was CIO for its real estate portfolio, and has held significant roles at CoreLogic and Dun & Bradstreet, focusing on data strategy and analytics.
MetLife Investment Management reported originating $15.7 billion in private placement debt and structured credit across 215 transactions for 2020, including $3.6 billion for third-party clients. The portfolio grew to $102.1 billion as of December 31, 2020. Significant origination activities occurred in March and April, with $4.0 billion being completed during that period. The firm is focusing on supporting issuers and investors as the economy recovers from the pandemic.
MetLife, Inc. (NYSE: MET) confirmed its previously announced dividend of $0.25 per share on its Series A floating rate non-cumulative preferred stock. This dividend is payable on March 15, 2021, to shareholders who are on record as of February 26, 2021. The ex-dividend date will be determined by the New York Stock Exchange. MetLife operates globally, offering a range of financial services including insurance and asset management.
MetLife Investment Management (MIM) has appointed Sara Queen as the new managing director and head of Real Estate Equity, effective March 15, 2021. Queen succeeds Mark Wilsmann, who is retiring after over 30 years with the company. With a background in commercial real estate, she previously tripled U.S. real estate equity assets at Mapletree Investments. MIM's Real Estate Equity portfolio stands at $32.7 billion, focusing on diverse strategies for institutional clients. MetLife Investment Management manages a total of $659.6 billion in assets.
MetLife announced that its subsidiary, Metropolitan Tower Life Insurance Company, has successfully closed its second and third longevity reinsurance transactions with Rothesay Life Plc, covering approximately $5 billion in pension liabilities. These transactions expand MetLife's footprint in the U.K. longevity reinsurance market, building on previous successes despite pandemic challenges. Jay Wang, MetLife's Risk Solutions head, emphasized the company's commitment to supporting the U.K. pension sector through innovative risk management strategies.
MetLife and Principal Financial Group have reached an agreement with Philips North America to transfer approximately $1.2 billion in pension obligations, benefiting around 11,000 pension plan participants. Under this arrangement, MetLife will serve as the lead administrator for monthly benefits for about 9,000 retirees, while Principal will manage responsibilities for 2,000 deferred participants. This collaboration aims to enhance financial security and confidence among retirees, ensuring they continue to receive their monthly pensions without changes.
