MetLife Stock Price, News & Analysis

According to MetLife's 2023 Post Retirement Benefits Poll, 88% of plan sponsors are considering retiree medical buyouts, while 84% are exploring retiree life buyouts. These transfers are seen as ways to mitigate investment and longevity risks, thus benefiting corporate balance sheets. The poll also revealed that 86% of companies maintain open retiree medical and life insurance plans, with 85% of sponsors acknowledging the financial impact on their statements. Key legislation, including the SECURE 2.0 Act, is aiding sponsors in managing funding levels for these obligations, crucially extending the ability to transfer excess pension assets until 2032.

MetLife Investment Management (MIM), the institutional asset management division of MetLife (NYSE: MET), has announced its definitive agreement to acquire Raven Capital Management, a private investment firm managing approximately $2.1 billion in assets as of December 31, 2022. This acquisition aims to enhance MIM's capabilities in higher-yielding private credit offerings and broaden its investment strategies. With Raven's expertise in direct asset-based investments, including senior secured loans, MIM expects enhanced origination in key asset classes. The deal is subject to customary closing conditions.

MetLife, Inc. (NYSE: MET) announced a financial update for Q4 and full year 2022 from CFO John McCallion via a video presentation. The company, a global leader in financial services, has maintained strong operations across various markets, including the U.S., Japan, and Europe. The update is part of MetLife's ongoing commitment to transparency and accountability to its stakeholders. The video is available on their official website.

MetLife, Inc. (NYSE: MET) reported its full year and fourth quarter results for 2022, revealing significant declines in net income and adjusted earnings. Net income for the year was $2.4 billion, a 63% drop from 2021, with earnings per share at $2.91, down 60%. Adjusted earnings were $5.5 billion, down 30%, translating to $6.85 per share, a 25% decline. The company's book value fell dramatically to $29.81 per share, down 61% from the previous year. However, the fourth quarter showed a slight increase in net income to $1.3 billion, compared to $1.2 billion in Q4 2021. Notably, premiums, fees, and total revenues experienced mixed results, showcasing growth in some areas despite overall declines.

MetLife, Inc. (NYSE: MET) announced that CEO Michel Khalaf and CFO John McCallion will participate in a fireside chat at the Bank of America Securities Financial Services Conference 2023 on February 15, 2023, at 8:50 a.m. ET. A live webcast will be available here, with a replay accessible until February 22, 2023, at 11:59 p.m. ET. MetLife, founded in 1868, operates in over 40 markets globally, offering insurance, annuities, and asset management, enabling customers to build a secure future.

MetLife has partnered with Snoopy to raise awareness about the importance of pet health insurance as pet ownership in the U.S. surges. Currently, only less than 3% of the over 90 million pet-owning families are insured. The initiative aims to educate pet parents about protecting their finances and ensuring their pets' well-being amid increasing care costs; 84% of pet owners reported rising expenses in 2022. MetLife Pet Insurance, launched in 2020, is becoming a leading workplace provider, with features like 24/7 vet access and no breed exclusions. The company's research indicates strong interest in pet insurance, with 65% of pet owners wanting it offered by employers.

AM Best has upgraded the Financial Strength Rating (FSR) of Metropolitan General Insurance Company to A+ (Superior) from A (Excellent) and affirmed the FSR of A+ for most members of Metropolitan Life Insurance Group. Additionally, it affirmed MetLife, Inc.'s Long-Term Issuer Credit Ratings (ICR) at 'aa-' (Superior), with stable outlooks. The ratings reflect strong balance sheet strength, operating performance, and effective enterprise risk management. The group's liquidity and capital adequacy were highlighted as supporting factors. MetLife’s diverse earnings and focus on high-margin products enhance its market position across various regions.