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. 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 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.
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MetLife Foundation has launched a new strategy to enhance inclusive economic mobility by supporting underserved communities globally. This initiative builds on the Foundation's 2030 Diversity, Equity and Inclusion Commitments, involving a pledge of $150 million and 800,000 volunteer hours from employees. The strategy aligns with U.N. Sustainable Development Goals focusing on economic inclusion, financial health, and resilient communities. The Foundation's first wave of grants exceeds $25 million, supporting various nonprofit organizations.
AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to MetLife's $1 billion senior unsecured notes, due July 15, 2052. The outlook remains stable. The proceeds will be used for retiring existing debt, including the $1 billion in senior unsecured debentures maturing in 2023, and for general corporate purposes. MetLife's proforma adjusted financial leverage and historical interest coverage align with its current ratings, supported by strong liquidity at the holding company level.
MetLife, Inc. (NYSE: MET) has declared a third quarter 2022 common stock dividend of $0.50 per share. The dividend will be payable on Sept. 14, 2022, to shareholders recorded as of Aug. 9, 2022. This dividend declaration highlights MetLife's commitment to returning value to its shareholders while maintaining a strong financial position in the insurance and financial services sector.
MetLife, Inc. (NYSE: MET) has announced its second quarter 2022 earnings conference call scheduled for August 4, 2022, from 9-10 a.m. (ET). This follows the release of its earnings news on August 3, 2022, after market close. The call will be accessible via telephone and online, with participants encouraged to join early. Replays will be available from 11:00 a.m. (ET) on August 4 until 11:59 p.m. (ET) on August 11. MetLife is a leading global financial services company, offering a range of services aimed at building a confident future for customers.
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