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.
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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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MetLife, Inc. (NYSE: MET) has appointed Chris Rosello as vice president and head of Federal Government Relations, starting July 5, 2022. Based in Washington, D.C., Rosello will lead efforts to represent MetLife’s interests to federal stakeholders and will report to Susan Greenwell. With a strong legislative background from HSBC and Wells Fargo, he will enhance MetLife's policy advocacy initiatives. Rosello holds degrees from Albany State University and Johns Hopkins University.
MetLife has sold three historic murals by renowned artists for $1.875 million. The proceeds will benefit New York City organizations supporting underrepresented young artists. The MetLife Foundation will allocate $625,000 each to the Lower Eastside Girls Club, Harlem School of the Arts, and Urban Arts Partnership. These funds will enhance arts programs, ensuring access to creative opportunities for marginalized communities. This initiative reinforces MetLife's commitment to cultural investment and community support.
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