MetLife Stock Price, News & Analysis

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.

MetLife, Inc. (NYSE: MET) has released a second quarter 2024 financial update video featuring John McCallion, executive vice president and chief financial officer of MetLife, Inc., and head of MetLife Investment Management. The video is available on the company's website at https://www.metlife.com/about-us/newsroom/#video.

MetLife, founded in 1868, is a leading global financial services company offering insurance, annuities, employee benefits, and asset management services. The company operates in over 40 markets worldwide, with strong positions in the United States, Asia, Latin America, Europe, and the Middle East.

MetLife (NYSE: MET) has bolstered its Global Technology and Operations team with two key appointments. Tamar Shapiro joins as Chief Data and Analytics Officer, bringing extensive experience from Instagram and American Express in leveraging data and AI to drive growth and engagement. Dan Antilley becomes the new Chief Information Security Officer, with over 30 years of technology industry experience, primarily at Bank of America where he led various cybersecurity initiatives.

These strategic hires underscore MetLife's commitment to enhancing its technological capabilities and data security. Shapiro will be based in New York City, while Antilley will operate from MetLife's Global Technology Hub in Cary, NC. Both executives bring valuable expertise that aligns with MetLife's focus on combining high-tech solutions with human touch to deliver superior customer service.

MetLife's 2023 Sustainability Report highlights significant progress in environmental stewardship and commitment to Net Zero GHG emissions by 2050 or sooner. Key achievements include:

• 44% decrease in GHG emissions across Scope 1, 2, and 3 business travel from 2019 to 2023
• ~50% of suppliers set emissions-reduction goals aligned with the Paris Agreement
• 1.6M+ trees planted since 2020
• 48% of global offices are green or healthy building certified
• 10,000+ volunteer hours for the 2023 MetLife Extraordinary Litter Pickup

MetLife supports the Paris Agreement and recognizes the impact of environmental issues on customers' and employees' well-being. The company manages climate risks and opportunities while collaborating on solutions for a low-carbon economy transition.