MetLife Stock Price, News & Analysis

MetLife Pet Insurance has launched the Golden Beagle Award, offering a $20,000 grant to an innovative animal welfare organization focused on helping large dogs find homes. The award, in collaboration with The Association for Animal Welfare Advancement (AAWA), will be presented at the AAWA conference in November 2024.

This initiative aims to address the challenges larger dogs face in adoption, including longer shelter stays and lower adoption rates. Additionally, MetLife Pet Insurance and AAWA are working together to produce content on access to veterinary care issues, including financial and geographical barriers, through various media formats to support animal welfare organizations and pet parents.

MetLife's Stable Value Study reveals that 69% of plan sponsors are concerned about market volatility's impact on near-retirees, while 61% worry about its effect on retirees. Stable Value funds, offering safety and stability, remain popular with 82% of DC plan sponsors currently offering them. 84% of plan sponsors say stable value was recommended by their advisors, with 76% of advisors citing better historical returns as the top reason.

The study also highlights interest in strategies to manage volatility in Target Date Funds (TDFs). 95% of plan sponsors and 97% of advisors expressed interest in TDF solutions that reduce volatility while maintaining returns. Similarly, 94% of plan sponsors and 95% of advisors showed interest in options that enhance returns while keeping volatility constant.

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.