MetLife Stock Price, News & Analysis

MetLife Investment Management has successfully completed its acquisition of Raven Capital Management, announced in February 2023. This transaction adds approximately $2.1 billion to MIM's total assets under management, enhancing its private credit platform and origination capabilities. Steven J. Goulart, president of MIM, emphasized that this acquisition allows for a broader array of credit strategies for clients. Raven specializes in direct asset-based investments, including senior secured loans, bolstering MetLife's investment offerings. As of December 31, 2022, MetLife has $579.8 billion in total assets under management.

MetLife, Inc. (NYSE: MET) has appointed Jeh Charles Johnson to its board of directors, effective immediately. Johnson, a partner at Paul, Weiss, has a robust background in cybersecurity and held significant roles such as Secretary of Homeland Security and General Counsel of the U.S. Department of Defense. MetLife's Chairman, R. Glenn Hubbard, and President & CEO, Michel Khalaf, expressed confidence that Johnson's expertise will be invaluable as the company aims for improved performance in 2023. Johnson also serves on various prestigious boards and has received numerous accolades for his public service.

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.