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, Inc. (NYSE: MET) has received board approval for a new $3 billion stock repurchase program, adding to the $475 million remaining from a previous authorization. This initiative reflects MetLife's commitment to long-term shareholder value, as articulated by President and CEO Michel Khalaf. In the past year, the company invested approximately $5 billion for growth and increased its common dividend by 4.3% in April. The stock buyback aims to return excess capital to shareholders.
MetLife, Inc. (NYSE: MET) reported a robust second quarter 2021, with net income soaring to $3.4 billion ($3.83 per share), up from $68 million ($0.07 per share) in Q2 2020. Adjusted earnings also surged to $2.1 billion ($2.37 per share), marking a 176% increase. Total revenues reached $18.5 billion, reflecting a 31% growth from the prior year. Book value per share fell by 4% to $75.86, while ROE was strong at 21.2%. Investment income benefited from private equity returns, pushing net investment income up 29% to $5.3 billion.
MetLife Investment Management (MIM) has completed the first phase of a Collective Investment Trust (CIT) in collaboration with SEI Trust Company. This new CIT platform aims to enhance access to MIM's Public Fixed Income strategies, particularly for the defined contribution market. MIM's CITs include various trusts focused on short duration, intermediate credit, core fixed income, high yield, and emerging market debt. The firm reports a substantial growth in unaffiliated institutional client assets under management, nearly doubling since 2017 to $66.4 billion.
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.
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