MetLife Stock Price, News & Analysis

MetLife, Inc. (NYSE: MET) announced its first quarter 2023 earnings conference call scheduled for May 4, 2023, from 9-10 a.m. (ET). The earnings news release and First Quarter Financial Supplement will be issued on May 3, 2023, after market close. Investors can access the earnings release and the conference call through the MetLife Investor Relations web page. For live participation, dial 877-692-8955 (U.S.) or 234-720-6979 (international) with access code 2510803. Replay options will be available from 11:00 a.m. (ET) on May 4 until May 11, 2023. MetLife operates in over 40 markets globally and offers a variety of financial services, including insurance and asset management.

MetLife has partnered with Savi to enhance its Upwise financial wellness app, targeting the needs of over 43 million Americans burdened by federal student loan debt. This integration will help public service employees navigate federal loan forgiveness programs more effectively. It offers tools to assess eligibility, repayment options, and the potential for over $1 billion in loan forgiveness, alongside a reduction of $150 in monthly payments. As financial wellness becomes a priority for employees, this initiative addresses the rising demand for support in achieving financial security, with a marked increase in productivity concerns related to financial stress.

MetLife, Inc. (NYSE: MET) has appointed Bryan Boudreau as executive vice president and Global Chief Actuary, effective May 11, 2023. He will succeed Andy Rallis, who retires after 39 years, including 11 years in the chief actuary role. Boudreau, previously the U.S. Chief Actuary and head of Global Asset Liability Management, brings extensive experience from his roles at various financial firms. His leadership will focus on actuarial functions to ensure MetLife meets its obligations to customers and shareholders. The announcement underscores the company’s commitment to risk management and analytical decision-making.

MetLife Investment Management (MIM) has announced the origination of $4.0 billion in agricultural mortgage loans in 2022, with total agricultural mortgage loans reaching $21.6 billion, reflecting a 40% increase over five years. MIM continues to be the largest non-governmental source of agricultural mortgage capital. Key financing transactions include $70 million for Biagi & Associates, $75 million revolving line for Farmland Partners, and $126 million for Toor Farming LLC. MIM emphasizes its commitment to supporting agricultural producers, highlighting strong financial positions bolstered by high commodity prices.

MetLife Investment Management (MIM) reported a successful year in 2022, originating $15.1 billion in private placement debt and structured credit through 245 transactions. Total assets under management reached $89.5 billion as of December 31, 2022. Corporate placements included $8.5 billion in corporate, $4.7 billion in infrastructure, and $1.9 billion in structured credit transactions. MIM added 94 new issuers and expanded its focus on floating-rate origination, which constituted over 25% of infrastructure investments. Despite market challenges, MIM's strong global relationships and specialized teams position it for continued growth in the private placement sector.