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 China CEO, Siyi Sun, has been named to Fortune China’s 2022 Most Powerful Women List, recognizing her influence in the industry and society. Leading MetLife's operations in China since 2017, she has overseen significant contributions, including RMB 900 million in customer claims paid in 2021 and nearly 18,000 volunteer hours in 2022. Siyi Sun advocates for Diversity, Equity, and Inclusion, representing MetLife on the Global DEI Council and promoting the U.N. Women’s Empowerment Principles in Asia.
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MetLife Investment Management (MIM) has been recognized as a '2022 Best Place to Work in Money Management' by Pensions & Investments, marking its second consecutive year on the list. This recognition highlights MIM's commitment to a collaborative and inclusive workplace culture. The evaluation included employee surveys and assessments of company policies supporting employee engagement. MIM emphasizes mental, physical, and financial well-being programs, alongside investments in diversity and inclusion, including a $1 billion commitment to support firms owned by women and minorities.
MetLife, in collaboration with the New York Giants and New York Jets, has initiated online auctions aimed at supporting educational programs for students. These auctions are part of the Inside the Huddle initiative and will benefit Year Up New York | New Jersey and the NYPD Foundation. Notable players like Julian Love and Graham Gano are ambassadors, offering unique experiences and memorabilia. MetLife will contribute $60,000 overall to these initiatives, aiming to enhance career opportunities for youths in the community.
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MetLife (NYSE: MET) announced that CEO Michel Khalaf and CFO John McCallion will participate in a fireside chat at the Goldman Sachs 2022 US Financial Services Conference. The event will take place on Wednesday, December 7, 2022, starting at approximately 8:40 a.m. ET. Interested participants can access a live webcast at the provided link. A replay will be available approximately 12 hours after the event, until December 14, 2022, at 11:59 p.m. ET.
MetLife highlights the urgency of increasing women's representation in STEM fields at its 4th annual Triangle Tech X Conference, themed 'Inspiring the Next Innovation Wave'. The firm’s research indicates that current socio-economic challenges demand more female involvement in STEM to drive solutions. Despite some progress, metlife noted a 14% decline in women in STEM leadership roles over the past year. The conference, featuring notable speakers like Serena Williams, aims to address these barriers and promote gender equality in STEM careers.
MetLife, alongside the New York Giants and New York Jets, has launched online auctions to fund programs aimed at assisting students in their career preparation. This initiative, dubbed 'Inside the Huddle', will support Year Up New York and the New York City Police Foundation’s youth programs. Auctions include unique experiences with players and authentic merchandise, with a total of $60,000 donated by MetLife. The auctions are open through November 29, 2022, with proceeds directly benefiting the participating organizations.
MetLife reported a third quarter 2022 net income of $331 million, or $0.41 per share, a significant decline from $1.5 billion or $1.77 per share in 2021. Adjusted earnings fell by 53% to $966 million, with a notable drop in net investment income of 36%. Book value per share plummeted 65% to $27.00. Despite this, MetLife's premiums and fees soared 68% to $19.6 billion. The company continues to emphasize its Next Horizon strategy amidst challenging economic conditions.