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.
MetLife's 2023 Sustainability Report highlights the company's commitment to employee care and building confident futures. The report emphasizes MetLife's Employee Value Proposition (EVP), 'All Together Possible', which focuses on three key areas: Guided By Empathy, Winning Together, and Driven By Growth.
Key highlights include:
- Certified as a Great Place to Work® in 11 markets
- 53% of workforce comprises women
- Over 9,500 career development opportunities provided globally
- Record scores in culture, flexibility, well-being, and learning opportunities in annual employee survey
- Launch of Coaching@MetLife program
- 97% of colleagues accessed MyLearning in 2023
The report also notes MetLife's inclusion in Fortune's 2023 list of 100 Best Companies to Work For®.
MetLife Asia has been awarded five new accolades for its 360Health and 360Future solutions, underscoring its commitment to innovation and customer care. 360Health, which offers a holistic approach to physical, mental, financial, and social health, has received four awards, including Digital Insurance Initiative of the Year in Nepal. 360Future, designed to help customers prepare for retirement, won the Customer Service Initiative of the Year in Korea.
These integrated services provide comprehensive support, from AI-backed health assessments to specialized elderly care. Since its 2018 launch, 360Health has garnered 40 awards across six countries, while 360Future, introduced in 2022, has earned five awards to date. MetLife Asia's Chief Marketing Officer, Sanjeev Kapur, emphasized the company's focus on helping customers achieve great health and financial security for longer lifespans.
MetLife's 2023 Sustainability Report highlights the company's commitment to innovating for customers through a lens of sustainability and care. Key initiatives include:
- Enhanced benefits offerings for institutional customers in the U.S.
- Expanded digital health support in Asia, reaching over 1M users
- Launch of MetLife Xcelerator in Latin America for digital insurance
- Improved financial inclusion globally through new apps and services
The report emphasizes MetLife's focus on customer care, illustrated by examples such as the Crisis Call Pathway Tool in Australia and support for long-term shelter animals through MetLife Pet Insurance. These efforts demonstrate MetLife's dedication to physical, mental, and financial well-being of customers, while prioritizing affordability, simplicity, flexibility, and access in their product offerings.
MetLife (NYSE: MET) announced that its board of directors has declared a third quarter 2024 common stock dividend of $0.545 per share. Shareholders of record as of August 6, 2024, will receive the dividend on September 10, 2024.
MetLife, a leading global financial services company, offers insurance, annuities, employee benefits, and asset management. Established in 1868, it operates in over 40 markets worldwide, with strong positions in the United States, Asia, Latin America, Europe, and the Middle East.
MetLife (NYSE: MET) will hold its second quarter 2024 earnings conference call on August 1, 2024, from 9-10 a.m. (ET). The call will follow the release of its Q2 2024 earnings news and Financial Supplement on July 31, 2024, after market close. Both documents will be available on MetLife's Investor Relations webpage. The call can be accessed live online, with a replay available until August 8, 2024. MetLife, a global financial services firm, operates in over 40 markets, offering insurance, annuities, employee benefits, and asset management services.
MetLife Investment Management (MIM) has successfully closed its second private equity fund, securing $1.2 billion in commitments. The fund, known as MetLife Investment Private Equity Partners II, acquired a diverse portfolio valued at approximately $860 million, with total commitments reaching $975 million. This transaction was primarily anchored by funds managed by Lexington Partners L.P.
The new fund aims to deploy an additional $250 million into new private equity opportunities. MIM's private equity investments have shown strong long-term performance, contributing to the strategic expansion of its institutional client solutions. The transaction also involved syndicating a portion to other institutional clients, further diversifying the portfolio, which consists of nearly 50 private equity and equity co-investments globally.
As of March 31, 2024, MetLife's private equity portfolio held $14.3 billion in assets, reflecting significant growth and robust returns. Evercore served as the advisor for this transaction, reinforcing MIM's leadership in private market investments.
MetLife released its 2023 Sustainability Report, emphasizing its commitment to responsible business practices and supporting financial well-being, health, and prosperity. The report outlines strategies for delivering long-term value to stakeholders, including customers, colleagues, shareholders, and communities. MetLife aligns its sustainability efforts with five United Nations Sustainable Development Goals (SDGs): Good Health and Well-Being, Gender Equality, Decent Work and Economic Growth, Reduced Inequalities, and Climate Action. MetLife has been a participant in the UN Global Compact since 2020, embracing principles related to human rights, labor, environment, and anti-corruption. This alignment highlights MetLife's dedication to driving progress toward a sustainable future for both people and the planet.
MetLife's fifth edition of TTX Talks features Bill Pappas, Head of Global Technology and Operations, engaging in a conversation with Allie K. Miller, a renowned AI leader and advocate for women in STEM. This virtual mini-series emphasizes the significance of curiosity, action, and mentorship in the STEM field. Attendees can join the MetLife TTX Community on LinkedIn to continue discussions on diversity and stay updated with the latest trends in STEM. This series promotes networking opportunities and aims to inspire professionals to advance their careers in STEM.
MetLife Foundation has announced the second round of its 2024 Community Impact Grant Program, expanding its international reach to the Asia Pacific. In the first round, 47 organizations received grants totaling $805,000. The new RFP invites grassroots organizations from Dallas, TX; Greenville, SC; Kansas City, KS; Kansas City, MO; and Newark, NJ to apply for funding. Grants ranging from $5,000 to $50,000 will support efforts in hunger relief, physical and mental well-being, environmental sustainability, and quality of life. Applications are due by July 17, 2024, with decisions announced in September 2024.
MetLife has published its 2023 Sustainability Report, showcasing significant achievements in alignment with its purpose of 'Always with you, building a more confident future.' The company exceeded its commitment to invest $1 billion in initiatives advancing diversity by achieving $1.4 billion between 2021 and 2023, well ahead of its 2030 target. Additionally, MetLife reported over $58.5 billion in responsible investments and surpassed $1 billion in contributions through the MetLife Foundation to support inclusive economic mobility and underserved communities. The report also highlighted MetLife's efforts in reducing emissions, enhancing energy efficiency, and promoting volunteerism, with over 144,000 volunteer hours completed globally in 2023. For more details, visit metlife.com/sustainability/.
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