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. provides insurance, annuities, employee benefits and asset management through subsidiaries and affiliates serving individual and institutional customers. Founded in 1868, the company operates in more than 40 markets and reports activity across the United States, Asia, Latin America, Europe and the Middle East.
Company updates commonly cover quarterly results, net investment income, variable investment income, financial supplements, capital deployment and dividends. News also includes developments at MetLife Investment Management, including private fixed income origination and PineBridge Investments, as well as employee-benefits research and shareholder communications such as responses to unsolicited mini-tender offers.
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MetLife, Inc. (NYSE: MET) has launched two new services: Will Preparation & Digital Estate Planning and Estate Resolution. These services are available free of charge to life insurance members through its Worldwide Benefits division. According to MetLife’s Annual 2022 Expat Employee Benefit Trends Study, legal services for will preparation are highly requested by globally-mobile employees. The offerings feature access to a network of over 18,000 attorneys, online document creation, and support for complex estate issues. This launch is part of MetLife’s strategy to stand out as a comprehensive provider for global employees, enhancing their benefits package alongside previously introduced Grief Counseling services.
MetLife, Inc. (NYSE: MET) has declared a second quarter 2023 dividend of $0.52 per share, marking a 4% increase from the previous quarter's $0.50. This dividend reflects a 9% compound annual growth rate since 2011, showcasing MetLife's financial strength and commitment to returning capital to shareholders. The dividend will be payable on June 14, 2023, to shareholders of record as of May 9, 2023. CEO Michel Khalaf emphasized that the company's strong free cash flow allows for investments in profitable growth while simultaneously enhancing shareholder value.
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.
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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.
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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.