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 is actively supporting pollinator health through partnerships with Bee Downtown and The Best Bees Company. At their Cary, North Carolina campus, bees produced an impressive 311 pounds of honey in 2023, doubling the state average. These bees flew an estimated 17 million miles in the process. MetLife maintains beehives at multiple office locations, including Tampa, Florida, and MetLife Stadium in East Rutherford, New Jersey.
These initiatives not only promote sustainable agriculture and pollinator health but also drive employee engagement. MetLife and MIM are further supporting biodiversity through strategic investments. This commitment to environmental stewardship aligns with MetLife's broader efforts to protect nature and biodiversity.
MetLife has announced its third consecutive sponsorship of the Toyota HBCUNY Classic presented by Walmart, featuring a football game between Howard University and Morehouse College at MetLife Stadium on September 14, 2024. This event marks the start of HBCU homecoming week and will include drumline performances and a battle of the bands.
The sponsorship aligns with MetLife's long-standing commitment to supporting HBCU students through partnerships with organizations like UNCF and TMCF. MetLife Foundation has recently granted $2.5 million to various HBCU-related initiatives, including scholarships, technology training, internships, and innovation programs. During the game's broadcast on CNBC, MetLife will highlight its 78-year partnership with UNCF and showcase the impact of supporting HBCU students on their futures and communities.
MetLife Foundation grantees Reading Partners and Brooklyn Book Bodega have joined forces to address the literacy crisis in New York City. Their collaboration, supported by MetLife Foundation, aims to empower young readers, foster a love for reading, promote book ownership, and bridge literacy gaps across the city.
The initiative highlights the transformational power of reading and its importance in addressing educational disparities. MetLife Foundation's support enables these organizations to expand their reach and impact, contributing to improved literacy rates among young people in New York City.
MetLife (NYSE: MET) has announced key leadership changes effective October 1. Toby Srihiran Brown has been appointed as the global head of reinsurance, tasked with developing and maintaining a comprehensive reinsurance strategy for the company. Brown, currently MetLife's chief auditor, will report to John McCallion, CFO of MetLife, Inc. and head of MetLife Investment Management.
Rob Dill, currently CFO for the Latin America region, will succeed Brown as chief auditor. Dill will report to the Audit Committee of the MetLife, Inc. Board of Directors and administratively to CEO Michel Khalaf. These appointments aim to enhance MetLife's reinsurance activities and strengthen its risk management and governance functions.
MetLife (NYSE: MET) has announced that CEO Michel Khalaf and CFO John McCallion will participate in a fireside chat at the 2024 Keefe, Bruyette & Woods Insurance Conference on Thursday, Sept. 5 at approximately 9:05 a.m. (ET). The event will be accessible via a live audio webcast at https://wsw.com/webcast/kbw109/met/1596980, with a replay available until Thursday, Sept. 12 at 11:59 p.m. (ET).
MetLife, founded in 1868, is a leading global financial services company operating in over 40 markets worldwide. It provides insurance, annuities, employee benefits, and asset management services to help customers build a more confident future.
MetLife Investment Management (MIM), the institutional asset management arm of MetLife, Inc. (NYSE: MET), has appointed Jude Driscoll as its new president, effective Sept. 1. Driscoll, previously MIM's global head of Fixed Income and Private Capital, will report to John McCallion, MetLife's CFO and head of MIM. This strategic move aims to enhance client service, expand offerings, and drive growth.
Driscoll joined MIM in 2017 following its acquisition of Logan Circle Partners, where he was founder, CEO, and CIO. His experience includes serving as president and CEO of Delaware Investments. MIM, with over 150 years of investment experience, manages $587.6 billion in total assets as of June 30, 2024, offering tailored investment solutions to institutional investors worldwide.
MetLife's 2023 Sustainability Report highlights the company's efforts to promote financial stability and wellness. Key initiatives include:
- MetLife 360Health: Launched in Nepal and UAE in 2023, offering solutions for mental, physical, financial, and social health.
- 360Future: Expanded in Korea and China, providing retirement savings, insurance, health, and wealth services.
- U.S. Benefits Employee Care Enhancements: Collaboration with Nayya to improve benefits understanding and engagement.
- Expanded mental health solutions: Partnerships with Lyra Health and Empathy for comprehensive well-being services.
- MetLife Pet Insurance: Supporting long-term shelter stays and adoption events.
These initiatives aim to address customer needs, improve product offerings, and support overall wellness across various markets.
MetLife's 2023 Sustainability Report highlights the company's commitment to responsible investing, focusing on five core areas: infrastructure, green investments, municipal bonds, affordable housing, and impact investments. Key highlights include:
1. A $44 million commitment to Solek Chile for solar projects
2. Installation of a 2.2 megawatt solar array at the Intersect office park
3. Growth of the C-PACE facility with Twain Financial Partners to $76.2 million
4. $27 million investment in Colorado Housing and Finance Authority bonds
5. Over $190 million invested in State Housing Finance Agency bonds
6. Investments in the Blackstar Stability Distressed Debt Fund and Women Livelihood Bond VI
MetLife aims to originate $500 million in new impact investments between 2020 and 2030, focusing on financial health and climate change priorities.
MetLife's 2023 Sustainability Report highlights the company's commitment to volunteerism and community impact. In 2023, MetLife employees contributed over 144,000 volunteer hours across 38 markets, with 43,000+ acts of volunteering. This effort supports MetLife's 2030 DEI Commitments of 800,000 employee volunteer hours focused on underserved communities.
The report showcases various initiatives, including:
- Skills-based and pro-bono volunteering
- Regional programs like Korea's 'Buddy for Seniors'
- Food distribution efforts in Portugal
- Clean water projects in Mexico
- Meal packing in New York City
MetLife offers employees in the U.S. and Asia one paid day off per year to volunteer, fostering a culture of year-round community engagement. These efforts demonstrate MetLife's dedication to making a positive impact through employee volunteerism and community support.
MetLife (NYSE: MET) announced strong financial results for Q2 2024. Net income surged to $912 million ($1.28 per share), a 146% increase compared to Q2 2023. Adjusted earnings rose 9% to $1.6 billion ($2.28 per share). However, book value per share declined by 5% to $33.30. The company’s return on equity (ROE) improved to 15.2%, while adjusted ROE excluding AOCI, climbed to 17.3%.
Segment-wise, Group Benefits saw a 43% increase in adjusted earnings. Adjusted revenues for Retirement and Income Solutions (RIS) fell by 9%, while Asia and Latin America both experienced modest growth. Net investment income increased by 3% to $5.2 billion, although net investment losses were $421 million. Despite the decline in book value, MetLife maintained a robust liquidity position of $4.4 billion, above its target range.
