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 Investment Management (MIM) announced a $200 million financing deal to decommission the last two coal-fired plants in New Jersey, supporting the state's clean energy initiatives. This project is expected to reduce CO2 emissions by 3.9 million tonnes annually, equivalent to removing over 750,000 cars from the road. The plants will cease operations by May 2022, 30 months earlier than planned. MIM manages $4.5 billion in energy transition investments and aims to support New Jersey’s goal for 100% clean energy by 2050.
MetLife Investment Management (MIM) has launched a private equity investment platform aimed at institutional investors, closing approximately
MetLife Investment Management (MIM) has received authorization from the Central Bank of Ireland to manage and market AIFs and UCITS, enhancing its investment offerings in the European Economic Area (EEA). This approval allows MIM Europe, headquartered in Dublin, to provide a full spectrum of investment strategies tailored for EEA investors. MIM aims to expand its presence in Europe, leveraging its established demand for core investment products and its U.S.-based capabilities.
MetLife, Inc. (NYSE: MET) has scheduled its first quarter 2022 earnings conference call for May 5, 2022, from 9-10 a.m. (ET). This follows the release of its earnings report and Financial Supplement on May 4, 2022, after market close. The event will be accessible via telephone or internet, with a replay available from May 5 to May 12, 2022. MetLife, operating in over 40 markets, provides a range of financial services including insurance, annuities, and asset management. For detailed information, visit the MetLife Investor Relations page.
MetLife Investment Management (MIM) reported a record growth in its commercial real estate investments for 2021, achieving $18.6 billion in new transactions. Its total assets under management (AUM) reached $109.8 billion, with commercial mortgage loans at $73.0 billion and real estate equity at $36.8 billion. The commercial mortgage team set a record with 235 transactions worth over $15.3 billion. Equity investments also surged by 50% to $3.3 billion, demonstrating MIM's agility amid pandemic challenges.
MetLife, Inc. (NYSE: MET) announced significant leadership changes effective July 1, 2022. Kishore Ponnavolu, Regional President for Asia, will step down, returning to the U.S. after over a decade at MetLife, where he successfully guided digital transformation initiatives. He will be succeeded by Lyndon Oliver, an experienced executive with over 30 years in the insurance industry. Other appointments include John Hall as Executive Vice President and Treasurer, Dimitri Lorenzon as head of Strategy and CFO for Global Technology & Operations, and Danny Garver leading the Next Gen initiative.
MetLife (NYSE: MET) announced leadership changes effective July 1, 2022. Kishore Ponnavolu, Regional President for Asia, will step down on June 30, 2022, after over a decade of service. He is succeeded by Lyndon Oliver, who brings over 30 years of insurance experience. John Hall is promoted to Executive Vice President and Treasurer, while Dimitri Lorenzon becomes head of Strategy and CFO for Global Technology & Operations. Danny Garver will lead the Next Gen initiative. CEO Michel Khalaf expressed confidence in the new leadership to drive customer and shareholder value.
MetLife, Inc. (NYSE: MET) has announced the appointment of Carla Harris to its board of directors, effective April 27, 2022. Harris brings over 35 years of experience from Morgan Stanley, where she was a senior client advisor and co-portfolio manager. Her extensive background includes leading equity capital markets efforts and executing notable IPOs in various sectors. MetLife's board will now consist of 13 directors, 12 of whom are independent. The leadership believes Harris's expertise will bolster their Next Horizon strategy aimed at enhancing long-term stakeholder value.
MetLife Investment Management (MIM) reported a record $6 billion in agricultural mortgage loans for 2021, surpassing its previous record by 20%. This achievement increased MIM's agricultural mortgage loan assets under management to $22.9 billion, solidifying its position as the largest non-government source of agricultural mortgage capital. MIM's team, focused on supporting borrowers' capital needs, has strengthened its market position by delivering tailored financial solutions to agricultural producers amid favorable economic conditions.
MetLife Legal Plans (MLP) celebrates its 25th anniversary, serving over 5 million users and 4,000 employers. The company focuses on making legal services accessible, implementing innovations like Digital Estate Planning with video notary in 23 states. Executives highlight increasing interest from employees and employers in legal benefits, indicating a robust growth in the sector. MLP continues to adapt to technology trends, enhancing traditional offerings with modern services, and serves over 220 Fortune 500 companies with a national attorney network of over 18,000.