MetLife Stock Price, News & Analysis

MetLife, Inc. (NYSE: MET) completed the sale of Metropolitan Property and Casualty Insurance Company and subsidiaries to Farmers Group, Inc. for $3.94 billion in cash. This deal establishes a 10-year partnership allowing Farmers to offer personal lines products on MetLife’s U.S. Group Benefits platform, which serves 3,800 employers and 37 million eligible employees. Farmers will also take over MetLife’s retail property and casualty customers. MetLife aims to maintain strong relationships with distribution partners while enhancing benefits access for employees across the U.S.

MetLife, Inc. (NYSE: MET) will host its first quarter 2021 earnings conference call on May 6, 2021, from 9:00 to 10:00 a.m. ET. This follows the issuance of the earnings news release and Financial Supplement on May 5, 2021, post-market close. Investors can access the call via telephone at 877-692-8955 (U.S.) or 234-720-6979 (international) using access code 2510803. The call will be available for replay until May 13, 2021. For further details, visit MetLife Investor Relations.

MetLife Investment Management (MIM) announced a partnership with Girls Who Invest (GWI) to enhance career opportunities for women in the asset management sector. Several GWI Scholars will participate in MIM's summer intern program, focusing on portfolio management, research analysis, and trading. This initiative aims to develop a diverse talent pipeline and is backed by MIM's Women’s Investment Network and MetLife Foundation. MIM, with over $659.6 billion in assets under management, emphasizes its commitment to diversity and sustainable practices in the investment industry.

MetLife, Inc. (NYSE: MET) President and CEO Michel Khalaf emphasizes the importance of voting rights, asserting that limiting Black Americans' ability to vote undermines democracy. He champions the idea that a more inclusive democracy leads to a better America, where every voice is heard and every vote matters. MetLife, one of the leading financial services companies, provides insurance, annuities, and asset management in over 40 global markets, influencing the financial landscape worldwide.

MetLife's 19th annual U.S. Employee Benefit Trends Study reveals generational divides in employee satisfaction post-COVID-19. 51% of workers in their 20s report improved work-life balance, versus only 25% of baby boomers. Younger employees prioritize flexibility, while boomers miss in-person interactions. Notably, 36% of younger workers took more paid time off, primarily for health, compared to only 8% of boomers. Employers must adapt benefits to meet diverse generational needs to enhance employee resilience, as 42% of employees believe tailored benefits improve their ability to cope with adversity.

MetLife Investment Management has announced a financing package worth USD 161 million to support the English Football League (EFL) Championship Clubs affected by the COVID-19 pandemic. This funding will help clubs facing financial difficulties due to the absence of matchday revenues over the past 12 months. The EFL chair, Rick Parry, emphasized the significance of this support for clubs to evaluate their finances and plan for the upcoming season. MetLife aims to strengthen the football sector while managing $659.6 billion in total assets.

MetLife Investment Management (MIM) reported a record $22.4 billion in agricultural mortgage loan assets under management (AUM) as of December 31, 2020, achieving a 10% year-over-year growth. Despite global challenges, MIM provided $4.7 billion in agricultural loans across more than 700 transactions, marking a 35% increase in transaction volume compared to 2019. This positions MIM as the largest non-government source of agricultural mortgage capital. The firm's commitment to supporting clients during the pandemic highlights its role in the agricultural sector.

MetLife Investment Management (MIM) reported $10.7 billion in new commercial real estate transactions in 2020, bringing total commercial real estate assets under management (AUM) to $106.7 billion by year-end. The gross market value of commercial mortgage loans reached $74.0 billion, while real estate equity AUM is at $32.7 billion. Despite the pandemic, MIM originated 137 commercial mortgage loans worth $8.5 billion and acquired $2.2 billion in properties. Strategic focus included last-mile distribution centers and suburban apartments, positioning MIM for future growth.

MetLife (NYSE: MET) has appointed Robin Gordon as Chief Data and Analytics Officer, effective March 29, 2021. Gordon will oversee enterprise data strategies, analytics, and governance, reporting to Bill Pappas. She brings extensive experience from her previous role as CIO at Blackstone's real estate portfolio, where she drove technology and data initiatives. Gordon also served as Chief Data Officer at CoreLogic, generating $2 billion in revenue through data strategies. Her leadership aims to enhance digital transformation and customer experience at MetLife.