MetLife Stock Price, News & Analysis

MetLife (NYSE: MET) has been named to Fortune magazine's 2025 list of the 'World's Most Admired Companies,' marking a significant achievement among eight life insurers recognized. The recognition stems from Fortune and Korn Ferry's annual corporate reputation assessment, which has been conducted for over 25 years.

The evaluation process involved more than 3,000 top executives, directors, and financial community members rating companies on nine key attributes, including innovativeness, long-term investment value, financial soundness, and talent attraction and retention. MetLife President and CEO Michel Khalaf emphasized that the company's purpose-driven strategy has been instrumental in delivering meaningful business outcomes and building a confident future for stakeholders.

Founded in 1868, MetLife operates in over 40 global markets, maintaining leading positions in the United States, Asia, Latin America, Europe, and the Middle East, offering insurance, annuities, employee benefits, and asset management services.

MetLife (NYSE: MET) has announced a combined fourth quarter and full year 2024 earnings and outlook conference call scheduled for Thursday, February 6, 2025, from 9-10 a.m. (ET). The company will release its Q4 and full year 2024 earnings, Financial Supplement, and outlook materials after market close on Wednesday, February 5, 2025.

The conference call will be accessible via internet livestream and will include discussions about MetLife's business operations, financial results, outlook, and future performance projections. A replay option will be available both via telephone and internet from February 6, 2025, at 11:00 a.m. (ET) until February 13, 2025, at 11:59 p.m. (ET).

MetLife Investment Management (MIM) has announced a definitive agreement to acquire three investment teams and assets from Mesirow, encompassing high yield and bank loan, strategic fixed income, and small-cap equity teams. The transaction will transfer approximately $6 billion of managed assets to MIM, subject to approvals and consents.

The acquisition aligns with MetLife's New Frontier strategy to accelerate growth in asset management and expands MIM's offerings and channels with higher yield capabilities. About 20 investment professionals from the acquired teams are expected to join MIM. The move will enhance MIM's leveraged finance platform, adding opportunistic high yield and bank loan strategies that complement their current offering, including strategies from the recently announced PineBridge Investments acquisition.

MIM, a top 25 institutional investment manager globally, currently manages $609.3 billion in total assets as of September 30, 2024.

MetLife (NYSE: MET) has announced its board of directors' declaration of a first quarter 2025 common stock dividend of $0.545 per share. The dividend will be paid on March 11, 2025, to shareholders of record as of February 4, 2025. MetLife, established in 1868, operates in over 40 global markets, providing insurance, annuities, employee benefits, and asset management services to help individual and institutional customers build their financial future.

MetLife Investment Management (MIM) has announced a definitive agreement to acquire PineBridge Investments, a global asset manager with approximately $100 billion in assets under management. The transaction is valued at up to $1.2 billion, comprising $800 million in cash at closing, $200 million tied to 2025 financial metrics, and $200 million subject to a multi-year earnout.

The acquisition, expected to close in 2025, will increase MIM's total assets under management to over $700 billion. The deal excludes PineBridge's private equity funds group and China joint venture. This strategic move aligns with MetLife's New Frontier strategy to accelerate asset management growth, expanding MIM's global footprint with more than half of the acquired client assets held by investors outside the U.S., and about one-third in Asia.

MetLife (NYSE: MET) has announced the appointment of Nick Nadgauda as Executive Vice President and Chief Information Officer, effective March 10, 2025. Reporting to Bill Pappas, EVP and Head of Global Technology and Operations, Nadgauda will oversee application development, infrastructure, enterprise platforms, and architecture teams.

Nadgauda joins from Citi, where he spent 20 years, most recently leading a global team of 15,000 as CIO of Citi Services. He brings experience in payment processing, global custody, and liquidity management across 90 countries. In his new role, he will also lead MetLife's partnership with NC TECH around the Center for Technology Workforce Innovation, supporting MetLife's Global Technology Hub in Cary, NC, which employs 2,600 people.

MetLife (NYSE: MET) unveiled its new five-year 'New Frontier' growth strategy at its 2024 Investor Day, building upon the success of its previous 'Next Horizon' strategy. The company outlined ambitious financial commitments, including double-digit adjusted earnings per share growth and a 15-17% adjusted return on equity.

The strategy focuses on four key growth areas: expanding Group Benefits leadership, capitalizing on retirement platforms in the U.S. and Japan, accelerating asset management growth, and expanding in high-growth international markets, particularly in Latin America and Asia. MetLife also targets a 100-basis-point reduction in direct expense ratio and projects free cash flow of $25 billion.

MetLife and General Atlantic have announced the formation of Chariot Reinsurance, (Chariot Re), a Bermuda-based life and annuity reinsurance company set to launch in the first half of 2025. Chariot Re will have an initial equity investment of over $1 billion. MetLife and General Atlantic will each own approximately 15% of Chariot Re's equity, with the remaining held by third-party stakeholders, including Chubb. MetLife plans to initially reinsure around $10 billion in liabilities to Chariot Re, comprising structured settlement annuity contracts and group annuity contracts associated with pension risk transfers. The transaction is subject to regulatory approvals and final equity raised. MetLife will continue handling all customer-related functions, and MetLife Investment Management alongside General Atlantic will provide asset management services to Chariot Re. Cynthia Smith is expected to lead Chariot Re as CEO, with Toby Srihiran Brown and Graves Tompkins representing MetLife and General Atlantic on the board, respectively.

MetLife Investment Management (MIM) has been recognized as a '2024 Best Place to Work in Money Management' by Pensions & Investments for the fourth consecutive year. The recognition was based on a comprehensive two-part survey conducted by Best Companies Group, evaluating company policies, programs, and employee feedback.

MIM provides employees with holistic wellness resources covering mental, physical, social, and financial well-being, along with comprehensive benefits. The company maintains a strong commitment to diversity through its Diversity, Equity and Inclusion Council and inclusion networks.

As a top 25 institutional investment manager globally, MIM leads in private fixed income asset management for third-party insurance accounts and ranks as the largest infrastructure debt investment manager worldwide, as well as the largest real estate investment manager.