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.
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.
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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.
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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.
MetLife, Inc. (NYSE: MET) announced the redemption of all outstanding 4.368% Series D Senior Debentures, totaling $1 billion, on February 10, 2023. The redemption price is defined as either the principal amount or the present value of future payments discounted at a specified rate. After the redemption date, interest on the Notes will cease. Payments will be managed through The Depository Trust Company and facilitated by The Bank of New York Mellon Trust Company.
MetLife, Inc. (NYSE: MET) has declared a $0.50 per share common stock dividend for the first quarter of 2023. This dividend will be payable on March 14, 2023, to shareholders on record as of February 7, 2023. The company continues its commitment to return value to shareholders while navigating a global market.