MetLife Stock Price, News & Analysis

MetLife (NYSE: MET) announced that CEO Michel Khalaf and CFO John McCallion will participate in a fireside chat at the Goldman Sachs 2022 US Financial Services Conference. The event will take place on Wednesday, December 7, 2022, starting at approximately 8:40 a.m. ET. Interested participants can access a live webcast at the provided link. A replay will be available approximately 12 hours after the event, until December 14, 2022, at 11:59 p.m. ET.

MetLife highlights the urgency of increasing women's representation in STEM fields at its 4th annual Triangle Tech X Conference, themed 'Inspiring the Next Innovation Wave'. The firm’s research indicates that current socio-economic challenges demand more female involvement in STEM to drive solutions. Despite some progress, metlife noted a 14% decline in women in STEM leadership roles over the past year. The conference, featuring notable speakers like Serena Williams, aims to address these barriers and promote gender equality in STEM careers.

MetLife, alongside the New York Giants and New York Jets, has launched online auctions to fund programs aimed at assisting students in their career preparation. This initiative, dubbed 'Inside the Huddle', will support Year Up New York and the New York City Police Foundation’s youth programs. Auctions include unique experiences with players and authentic merchandise, with a total of $60,000 donated by MetLife. The auctions are open through November 29, 2022, with proceeds directly benefiting the participating organizations.

MetLife, Inc. (NYSE: MET) has released a third quarter 2022 financial update video presented by Executive Vice President and Chief Financial Officer John McCallion. The video is available on the company’s official website, demonstrating MetLife's commitment to transparent communication with stakeholders. As one of the world's leading financial services companies, MetLife operates in over 40 markets and offers a diverse range of products, including insurance and asset management. For further details, stakeholders can view the full release on Business Wire.

MetLife reported a third quarter 2022 net income of $331 million, or $0.41 per share, a significant decline from $1.5 billion or $1.77 per share in 2021. Adjusted earnings fell by 53% to $966 million, with a notable drop in net investment income of 36%. Book value per share plummeted 65% to $27.00. Despite this, MetLife's premiums and fees soared 68% to $19.6 billion. The company continues to emphasize its Next Horizon strategy amidst challenging economic conditions.

MetLife has been selected to insure and administer New Hampshire's Granite State Paid Family and Medical Leave Program. This initiative allows New Hampshire employees to take paid leave for family or medical reasons, providing up to 60% wage replacement. Employers can customize policies and are eligible for a 50% tax credit for the first six weeks of coverage. Enrollment starts December 1, 2022, with coverage effective January 1, 2023. This collaboration emphasizes MetLife's commitment to enhancing employee benefits and supporting workers' needs.

MetLife has partnered with Everest to introduce a funeral concierge service for over 1.4 million UK employees through its Group Life insurance plans. This exclusive three-year agreement marks Everest's entry into the UK market, expanding its existing North American customer base of over 25 million. The service includes 24/7 adviser support, online planning tools, and a digital vault for important documents. Mark Wood, former CEO of AXA UK, will lead this initiative, aiming to provide essential support to grieving families during challenging times.

MetLife's 2022 Pension Risk Transfer Poll reveals that 95% of defined benefit plan sponsors are influenced by rising inflation in their pension risk transfer decisions. Half find it very impactful. The poll indicates a record year for the pension risk transfer market, with 2021 sales reaching $38 billion. 64% of sponsors expect increased large PRT transactions in the next five years. Annuity buyouts are gaining traction, with 57% planning to utilize this strategy. Overall, 93% of sponsors are prioritizing pension plans due to market volatility and economic uncertainty.