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 (MIM) has completed a $203.5 million Public-Private Partnership (PPP) transaction to fund the Prince George’s County Public Schools in Maryland. This marks one of the first PPPs involving a U.S. public school system. The funding will support the construction of six new schools, enhancing educational facilities for approximately 8,000 students. The project emphasizes local and minority business participation and is expected to create around 4,100 jobs. MIM manages $130.9 billion in private capital assets and $659.6 billion in total assets.
MetLife, Inc. (NYSE: MET) announced the declaration of dividends on several series of its preferred stock. The quarterly dividend for Series C is set at $9.47875, while Series D will provide a semi-annual dividend of $29.375. Series E and F will see quarterly dividends of $351.5625 and $296.875, respectively. Series G will offer a semi-annual dividend of $19.250, and Series A is anticipated to pay out $0.25000 per share, pending financial confirmation. All dividends are payable on March 15, 2021, to shareholders of record as of February 26, 2021.
MetLife Investment Management (MIM) has appointed Jingsu Pu as the global head of Insurance Strategy & Solutions and head of Institutional Client Group (ICG) for Asia, excluding Japan. Pu, who has extensive experience in the insurance sector, will lead MIM’s initiatives in strategic portfolios and client development in key Asian markets. His previous roles include managing Asia portfolio operations and a brief position as a chief investment officer in China. MIM manages $659.6 billion in assets and is focused on enhancing its asset management footprint in Asia.
MetLife's subsidiary, Metropolitan Tower Life Insurance Company, has partnered with Dow to manage annuity benefits for about 12,000 retirees and beneficiaries in Dow's pension plans, amounting to approximately $700 million. Dow trusts MetLife to provide guaranteed lifetime income. This action follows Dow's previous group annuity contract purchase in November 2020. Importantly, this agreement will not alter the monthly pension benefits for retirees, as Metropolitan Tower Life will handle payment responsibilities, ensuring retirees receive their entitled earnings without requiring any action from them.
MetLife, Inc. (NYSE: MET) reported its 2020 financial results, revealing a net income of $5.2 billion down from $5.7 billion in 2019. Adjusted earnings also fell slightly to $5.6 billion. The company's book value surged by 15% to $78.67 per share, buoyed by strong premium growth and disciplined expense management. In Q4 alone, net income dramatically decreased to $124 million, a 77% drop from $536 million in the previous year. However, adjusted earnings per share showed resilience with a 3% rise to $2.03. MetLife aims to maintain value creation through its Next Horizon strategy.
MetLife, Inc. (NYSE: MET) has released a financial update video by Executive Vice President and CFO John McCallion, detailing Q4 and full-year 2020 performance. The full press release and video are accessible on the company’s website. MetLife is a leading global financial services provider, offering a range of products including insurance and asset management, and operates in over 40 markets worldwide.
MetLife, Inc. (NYSE: MET) will feature CEO Michel Khalaf and CFO John McCallion in a fireside chat at the Bank of America 2021 Virtual Insurance Conference. The event is scheduled for February 10, 2021, at 10:40 a.m. (ET). A live audio webcast will be accessible online at this link, and listeners are advised to join 15 minutes early to prepare their systems. A replay of the chat will be available until February 17, 2021, at 11:59 p.m. (ET). MetLife operates globally in over 40 markets, offering diverse financial services.
MetLife's subsidiary, Metropolitan Tower Life Insurance Company, has secured an agreement with Lockheed Martin to manage annuity benefits for approximately 13,500 retirees, covering pension obligations of about $1.4 billion. This marks the second pension risk transfer transaction between the two firms, following a $1.9 billion agreement in 2019. The arrangement ensures the retirees will continue receiving their benefits without any changes. MetLife manages around $3 billion annually for about 720,000 annuitants, reinforcing its position as a leader in the pension risk transfer market.
MetLife's subsidiary, Metropolitan Tower Life Insurance Company, has entered an agreement with Weyerhaeuser Company to provide annuity benefits for nearly 5,200 retirees under Weyerhaeuser's defined benefit pension plan, totaling approximately $765 million. This partnership aims to offer guaranteed lifetime income, thereby reducing Weyerhaeuser's pension risk exposure. The deal, closed in December 2020, will not alter monthly benefits for retirees. MetLife, recognizing its 100 years in group annuity contracts, manages about $3 billion in benefit payments annually for 720,000 annuitants.
