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.
Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, has completed a longevity reinsurance deal with Rothesay Life plc. This agreement entails providing reinsurance for longevity risk tied to approximately $320 million of pension liabilities. Graham Cox from MetLife emphasized the importance of reinsurance in securing retirement benefits for U.K. pensioners. The transaction enhances MetLife's presence in the U.K. longevity reinsurance market and strengthens its relationship with Rothesay, a leading insurer in pension de-risking.
MetLife's recent survey highlights the significant impact of COVID-19 on women's careers, with 58% reporting negative effects. Despite this, interest in STEM fields is rising, with 40% of women considering a shift towards these professions. However, barriers remain; only 25% feel STEM is supportive of women, and 44% cite uncertainty as a major obstacle. MetLife is hosting the Triangle Tech X Conference to address these issues and foster women's participation in STEM, focusing on actionable solutions to improve recruitment and retention.
MetLife will host the Triangle Tech X conference from October 28-30, a virtual summit addressing key issues for women in technology. Amidst over 800,000 women leaving the workforce post-COVID-19, the event will cover topics like overcoming barriers in male-dominated fields and the importance of a strong STEM pipeline. Featured speakers include executives from Microsoft, Cisco, IBM, and more. North Carolina, home to MetLife, is a leading state for women in tech, with women comprising 35.5% of its tech workforce. For details, visit Triangle Tech X.
MetLife, Inc. (NYSE: MET) has declared a fourth quarter 2020 common stock dividend of $0.46 per share, set to be paid on December 14, 2020. Shareholders of record as of November 3, 2020 will be eligible for this dividend. MetLife is a leading global financial services company, providing a range of products including insurance and asset management. With operations in over 40 markets, MetLife maintains strong positions across various regions including the U.S. and Japan.
MetLife (NYSE: MET) announced significant changes to its senior leadership team effective January 1, 2021. Oscar Schmidt, President of Latin America, will retire after 26 years. He will be succeeded by Eric Clurfain, who has over 20 years of insurance experience. Clurfain will report to CEO Michel Khalaf. Dirk Ostijn, currently Head of EMEA, will take over Clurfain's role in Japan, while Nuria Garcia will lead the EMEA region. These changes reflect MetLife's commitment to talent development and succession planning, aimed at continuing value creation for customers and shareholders.
MetLife, Inc. (NYSE: MET) has been recognized as one of America’s 100 Most JUST Companies by Forbes and JUST Capital, highlighting its dedication to stakeholders such as employees, customers, and communities. This recognition underscores MetLife's commitment to ethical practices, including fair wages and worker training. The ranking evaluates top U.S. companies based on various social responsibility metrics, particularly in light of COVID-19. Previously, MetLife was also listed among Fortune’s Most Admired Companies and recognized by Newsweek as one of America’s Most Responsible Companies.
MetLife, Inc. (NYSE: MET) announced its third quarter 2020 earnings conference call scheduled for November 5, 2020, from 9-10 a.m. ET. The call follows the release of its earnings news and financial supplement on November 4, 2020, after market close. Interested participants can join via telephone or online, with details provided for access codes and links. The conference call will be available for replay from November 5 until November 12, 2020. For more information, visit MetLife's Investor Relations website.
FAQ
What is the current stock price of MetLife (MET)?
What is the market cap of MetLife (MET)?
What is MetLife, Inc.?
When was MetLife founded?
How many customers does MetLife serve?
In how many countries does MetLife operate?
What are the main business segments of MetLife?
What percentage of MetLife’s earnings comes from the US segment?
What recent achievements has MetLife made?
Is MetLife committed to diversity and inclusion?
Where can I find more information about MetLife?
What is MetLife's financial condition?
