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, Inc. has launched a new Structured Installment Sale solution through its subsidiary, Metropolitan Tower Life Insurance Company, available in 49 states, Puerto Rico, and Washington, D.C. This innovative solution enables individuals to defer tax liabilities on eligible property sales, facilitating installment payments over a specified period instead of a lump sum. The product aims to secure financial stability for sellers by converting sales proceeds into a guaranteed income stream, mitigating market volatility risks. MetLife's extensive experience enhances its position in this new market.
MetLife Investment Management (MIM) reported $15.6 billion in private placement debt and structured credit originated in 2021 through 247 transactions. Notably, $3.0 billion was generated for unaffiliated clients. MIM's total assets under management in private placements reached $103.7 billion by year-end 2021. Key origination included $8.4 billion in corporate finance, $5.1 billion in infrastructure, and $2.1 billion in structured credit. MIM's investments emphasized sustainability, with $1.9 billion in renewable energy and social projects.
MetLife, Inc. (NYSE: MET) has confirmed its Q1 2022 dividend of $0.25 per share on its floating rate non-cumulative preferred stock, Series A, which has a liquidation preference of $25 per share (NYSE: MET PRA). The New York Stock Exchange will announce the ex-dividend date shortly. The payment is scheduled for March 15, 2022, to shareholders on record by February 28, 2022.
MetLife Legal Plans has partnered with Family First to provide robust support for employees facing the challenges of caregiving. This collaboration offers enrollees access to Expert Care Teams, including nurses, physicians, and mental health professionals, to address various caregiving issues. The U.S. caregiving crisis affects over 50 million adults, with significant burnout and mental health challenges reported during the pandemic. The partnership aims to improve the lives of caregivers by offering tailored solutions for their complex needs.
MetLife, Inc. (NYSE: MET) has appointed Siew Choo Soh as Chief Information Officer (CIO) for Asia and Giovanni Genovesi as CIO for Latin America. Siew Choo will work from Hong Kong while Giovanni will be based in Mexico City. Both will be accountable for technology delivery and digital transformation in their regions. With extensive backgrounds in technology and digital capabilities, they aim to enhance customer experiences. These appointments reflect MetLife's strategy to leverage technology to deliver best-in-class solutions.
MetLife, Inc. (NYSE: MET) announced the appointment of Siew Choo Soh and Giovanni Genovesi as Chief Information Officers for Asia and Latin America, respectively. Siew Choo will be based in Hong Kong, while Giovanni will operate from Mexico City. They will report to Pawan Verma and their respective regional heads. Both executives possess extensive backgrounds in technology and digital transformation, and their roles will encompass end-to-end technology delivery, ensuring high-quality service for MetLife's operations in their regions.
Summary not available.
MetLife's 2022 Paycheck or Pot of Gold Study reveals concerning trends among retirees. The study shows that 34% of those who opted for a lump sum payment from their defined contribution plans deplete it within an average of 5 years. This is a notable increase from 20% in 2017. Over 41% of retirees express anxiety about running out of money, especially women at 57%. Furthermore, 79% made major purchases shortly after withdrawal, leading to regrets for 46% of them, contrasting sharply with the financial security felt by annuity recipients.
MetLife Investment Management has announced the placement of long-term, first mortgage loans secured by approximately 832,000 acres of timberland in the Southeastern US. This financing supports Tamarack Timberlands LLC in completing a $625 million redemption transaction and gaining direct ownership of its timberland. The transaction aligns with sustainable forestry standards, offering both financial returns and positive ESG outcomes. The Agricultural Strategies Group at MetLife emphasizes investing in sustainable, economically viable assets.
MetLife Investment Management has secured long-term first mortgage loans for approximately 832,000 acres of timberland in the Southeastern United States. This financing, valued at $625 million, supports Tamarack Timberlands LLC as it redeems and assumes ownership of its U.S. timberland assets. The deal aligns with MetLife's commitment to sustainable financing, as all timber assets are certified under the Sustainable Forestry Initiative, enhancing both financial returns and ESG outcomes. This milestone reflects a strategic move to meet long-term operational goals.