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.
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.
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MetLife, Inc. (NYSE: MET) will host its fourth quarter and full year 2022 earnings call on February 2, 2023, from 9-10 a.m. (ET). The earnings release, along with the Financial Supplement and future outlook, will be available after market close on February 1, 2023. The call will cover business operations, financial results, and future projections. Participants can access the call via telephone or online. Replays will be available until February 9, 2023.
MetLife, Inc. (NYSE: MET) has expressed support for the recently signed SECURE 2.0 Act, included in the Omnibus government funding package. The legislation increases premium maximums for qualifying longevity annuity contracts (QLACs), enhancing access to guaranteed income for retirees. It also provides more funding options for employers regarding retiree medical and life insurance liabilities, effectively reducing financial risks on their balance sheets. MetLife sees these changes as crucial for enabling Americans to retire confidently.
MetLife emphasizes its commitment to a diverse and inclusive workplace, where all employees can thrive and feel empowered. The company promotes a culture that values different perspectives, fostering employee growth and success. With over 150 years of experience, MetLife aims to protect peoples' finances while also making a positive impact in communities globally. The initiative #AllTogetherPossible reflects the company's dedication to making the world better through teamwork and purpose-driven actions.
MetLife emphasizes the importance of empathy in the workplace and its commitment to diversity, equity, and inclusion, as showcased in a recent press release. The company highlights its rich 150-year history while aiming to empower employees and enhance their growth. With a vision of a purpose-driven culture, MetLife focuses on creating economic opportunities for all and building a workforce that reflects diverse perspectives. The company invites potential candidates to explore job opportunities that foster development and a supportive environment.
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MetLife Investment Management (MIM) has completed the acquisition of Affirmative Investment Management (AIM), a specialist in ESG impact fixed income investment management. This strategic acquisition, announced in August 2022, adds approximately $1.0 billion to MIM’s assets under management. MIM’s president, Steven J. Goulart, highlighted the importance of this move for sustainable investing, enhancing MIM’s investment offerings. AIM has received multiple awards for its ESG-related contributions, including Best ESG Investment Fund at the ESG Investing Awards 2022.