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. (NYSE: MET) generates a steady flow of news as a global financial services company focused on insurance, annuities, employee benefits and asset management. Founded in 1868 and operating in more than 40 markets worldwide, the company regularly issues updates that reflect its broad presence in the United States, Asia, Latin America, Europe and the Middle East.
On this page, readers can follow MET news related to quarterly and annual earnings, capital management actions, and strategic initiatives. MetLife frequently announces earnings results, preliminary financial information and outlook details through news releases and accompanying financial supplements. These updates often address adjusted earnings, net investment income, variable investment income and segment performance across Group Benefits, Retirement and Income Solutions, regional insurance businesses and MetLife Investment Management.
MetLife news also covers strategic transactions and partnerships. Recent communications include a variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, the acquisition of PineBridge Investments, LLC and certain affiliates by MetLife Investment Management, and collaborations to expand access to institutional income annuities within defined contribution plans. Additional announcements highlight partnerships in areas such as pet insurance distribution and digital leave support solutions for employees.
Investors and observers can also track dividend declarations on common and preferred stock, research-driven insights like the U.S. Employee Benefit Trends Study, and philanthropic initiatives through MetLife Foundation. For those monitoring MET, this news feed provides a centralized view of the company’s financial disclosures, product and partnership developments, and broader corporate activities.
MetLife has appointed Ben Cushman as the head of Global Regulatory Policy, based in Washington, D.C., effective immediately. He will report to Susan Greenwell, senior vice president and head of Global Government Relations. Cushman previously served as vice president on MetLife’s International Government Relations team, advocating for its interests across the U.S. and Asia. His extensive experience includes over a decade with the U.S. Treasury Department, focusing on regulatory reforms and international financial services negotiations.
MetLife, Inc. (NYSE: MET) has appointed Meredith Ryan-Reid as CEO of Versant Health, effective September 1. With nearly 25 years in the insurance industry and a strong background in product development and innovation, Ryan-Reid aims to accelerate growth and enhance customer satisfaction at Versant Health. Ramy Tadros, co-chairman of the Versant Health Board, highlighted her suitability for the leadership role due to her customer-centric approach. Versant Health serves 38.5 million members across its extensive vision care networks, promising improved access to eye health solutions.
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MetLife Investment Management (MIM) reported a record $9.2 billion in private placement debt and structured credit for the first half of 2022, with $90.5 billion in total assets under management. The origination included $5.3 billion in corporate private placements and $2.6 billion in infrastructure financing, reflecting a strong market recovery. Notably, MIM increased its infrastructure private placement by over 70% year-over-year. The firm's commitment to sustainability was evident with significant investments in green bonds and energy transition projects.
MetLife, Inc. (NYSE: MET) announced that CEO Michel Khalaf and CFO John McCallion will participate in a fireside chat at the 2022 Keefe, Bruyette & Woods Insurance Conference on September 7, 2022, at approximately 11:20 a.m. (ET). A live audio webcast of the event will be accessible online, with a replay available until September 16, 2022, at 11:59 p.m. (ET). MetLife, founded in 1868, offers insurance, annuities, employee benefits, and asset management across more than 40 markets worldwide.
MetLife, Inc. (NYSE: MET) has appointed Adora Whitaker as the new executive vice president and head of Corporate Development – Mergers & Acquisitions, effective October 17, 2022. Reporting directly to CFO John McCallion, Whitaker will leverage her extensive experience in strategic transactions to enhance MetLife's financial performance. Previously, Whitaker held senior roles at PJT Partners, Deutsche Bank, and Bank of America Merrill Lynch. Her leadership in M&A is deemed crucial for MetLife’s ongoing strategies to optimally deploy capital and pursue growth opportunities.
MetLife has partnered with the Haas School of Business at UC Berkeley to sponsor the Cleantech to Market (C2M) accelerator program, aimed at supporting climate tech entrepreneurs. The sponsorship involves financial aid for the 2022 program and awards for the top three teams. MetLife employees will provide mentorship and expertise while aligning with the company’s 2030 Climate Goals to reduce greenhouse gas emissions by 30% and achieve net-zero emissions by 2050. MetLife aims to leverage this partnership to enhance its role in environmental stewardship.
MetLife is expanding its hiring efforts in North Carolina, specifically in the Research Triangle, as part of its Global Technology and Operations strategy. This initiative aims to enhance customer engagement through innovative solutions, showcasing the company’s commitment to the region. Since opening its technology campus in Cary in 2015, MetLife has employed over 2,600 professionals and is actively recruiting in sectors like software engineering and data science. The company plans to host various hiring events to attract top talent.
MetLife, Inc. (NYSE: MET) has released a financial update video for Q2 2022, presented by CFO John McCallion. The video is accessible on MetLife's official website, providing insights into the company's financial performance and outlook. MetLife remains a key player in the global financial services sector, operating in over 40 markets and offering a range of services, including insurance and asset management. For further details, the full release can be viewed at Business Wire.
MetLife, Inc. (NYSE: MET) reported its Q2 2022 results, revealing a significant decline in net income to $103 million ($0.13 per share), down from $3.4 billion ($3.83 per share) a year ago. Adjusted earnings fell 22% to $1.6 billion, with a per-share drop of 16% to $2.00. Book value per share decreased 45% to $41.73. Notably, total revenues dropped 16% year-over-year to $15.56 billion, impacted by a 32% decline in net investment income, largely due to unfavorable changes in the fair value of securities. CEO Michel Khalaf emphasized strong underlying business performance despite the challenging environment.