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) generates a steady flow of news as a global financial services company focused on insurance, annuities, employee benefits and asset management. Founded in 1868 and operating in more than 40 markets worldwide, the company regularly issues updates that reflect its broad presence in the United States, Asia, Latin America, Europe and the Middle East.
On this page, readers can follow MET news related to quarterly and annual earnings, capital management actions, and strategic initiatives. MetLife frequently announces earnings results, preliminary financial information and outlook details through news releases and accompanying financial supplements. These updates often address adjusted earnings, net investment income, variable investment income and segment performance across Group Benefits, Retirement and Income Solutions, regional insurance businesses and MetLife Investment Management.
MetLife news also covers strategic transactions and partnerships. Recent communications include a variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, the acquisition of PineBridge Investments, LLC and certain affiliates by MetLife Investment Management, and collaborations to expand access to institutional income annuities within defined contribution plans. Additional announcements highlight partnerships in areas such as pet insurance distribution and digital leave support solutions for employees.
Investors and observers can also track dividend declarations on common and preferred stock, research-driven insights like the U.S. Employee Benefit Trends Study, and philanthropic initiatives through MetLife Foundation. For those monitoring MET, this news feed provides a centralized view of the company’s financial disclosures, product and partnership developments, and broader corporate activities.
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/.
MetLife Worldwide Benefits and GeoBlue have launched Globaline™, a comprehensive expatriate benefit solution. This single-solution package integrates GeoBlue's health coverage services, including medical, dental, vision, and wellness programs, with MetLife's life, accidental death & dismemberment, and long-term disability insurance. Available for quotes for groups with effective or renewal dates starting January 1, 2025, Globaline™ aims to simplify administration with a single proposal and point of contact. The collaboration seeks to offer a seamless and superior benefits experience for globally mobile employees.
MetLife (NYSE: MET) has released its 2023 Sustainability Report, highlighting its efforts to promote long-term value through responsible business practices. Key achievements include $1.4 billion in diversity-focused investments, $58.5 billion in responsible investments, and exceeding $1 billion in philanthropic contributions by the MetLife Foundation. The report also details efforts to reduce emissions and enhance energy efficiency, as well as MetLife employees' contribution of over 144,000 volunteer hours in 2023. CEO Michel Khalaf emphasized the company's commitment to sustainability to better serve stakeholders and align with the UN's Sustainable Development Goals.
AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to MetLife, Inc.'s newly issued $500 million, 5.300% senior unsecured notes due Dec. 15, 2034. The outlook for this rating is stable, and all other ratings for MetLife and its subsidiaries remain unchanged.
The raised funds are intended for general corporate purposes, potentially including the redemption, repurchase, or repayment at maturity of MetLife’s senior notes due in 2025. MetLife’s proforma adjusted financial leverage and historical interest coverage align with its current ratings, showcasing strong holding company liquidity.
This rating was published on AM Best’s website. For detailed rating information and disclosures, refer to AM Best’s Recent Rating Activity web page.
Micruity and MetLife have deepened their collaboration to enhance access to retirement income solutions.
The collaboration focuses on MetLife's Universal Digital Retirement Platform, which integrates education, planning, and annuity purchasing tools with existing employment benefit systems.
According to a MetLife poll, 91% of plan sponsors worry about retirees running out of money. The new platform aims to address this by offering educational resources and immediate income annuities within defined contribution plans.
This move is part of Micruity's mission to provide simple, accessible retirement income solutions, leveraging their flexible infrastructure.
MetLife, with over 40 years in the annuities market, aims to streamline and simplify lifetime income solutions for plan sponsors.