MetLife Stock Price, News & Analysis

MetLife's 2020 Pension Risk Transfer Poll reveals that 81% of plan sponsors are unaffected by the pandemic regarding annuity buyouts. The poll shows a strong interest in these transactions, with 51% citing market volatility as a key factor. Despite some financial strains, including 40% borrowing to fund pension deficits, most sponsors plan to act within five years. Nearly 89% of sponsors are leveraging the CARES Act to extend contribution deadlines. The findings indicate a resilient approach to managing defined benefit plans amidst market challenges.

MetLife, Inc. (NYSE: MET) reported third quarter 2020 results with net income of $633 million, down 71% year-over-year, translating to $0.69 per share. Adjusted earnings rose 33% to $1.6 billion, or $1.73 per share. Total revenues decreased 14% to $16.0 billion, driven by a 6% drop in premiums and fees. Book value per share increased by 8% to $76.20. The company's strong financial performance was supported by a rebound in variable investment income and effective expense management. Notably, MetLife resumed share repurchases in this quarter.

MetLife, Inc. (NYSE: MET) has released a financial update video for Q3 2020, presented by CFO John McCallion. The video aims to provide insights into the company's financial performance during the quarter. Investors and stakeholders can access the video on MetLife's official website. MetLife operates globally, providing various financial services including insurance and asset management, serving numerous markets worldwide.

Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, has completed a longevity reinsurance deal with Rothesay Life plc. This agreement entails providing reinsurance for longevity risk tied to approximately $320 million of pension liabilities. Graham Cox from MetLife emphasized the importance of reinsurance in securing retirement benefits for U.K. pensioners. The transaction enhances MetLife's presence in the U.K. longevity reinsurance market and strengthens its relationship with Rothesay, a leading insurer in pension de-risking.

MetLife's recent survey highlights the significant impact of COVID-19 on women's careers, with 58% reporting negative effects. Despite this, interest in STEM fields is rising, with 40% of women considering a shift towards these professions. However, barriers remain; only 25% feel STEM is supportive of women, and 44% cite uncertainty as a major obstacle. MetLife is hosting the Triangle Tech X Conference to address these issues and foster women's participation in STEM, focusing on actionable solutions to improve recruitment and retention.

MetLife will host the Triangle Tech X conference from October 28-30, a virtual summit addressing key issues for women in technology. Amidst over 800,000 women leaving the workforce post-COVID-19, the event will cover topics like overcoming barriers in male-dominated fields and the importance of a strong STEM pipeline. Featured speakers include executives from Microsoft, Cisco, IBM, and more. North Carolina, home to MetLife, is a leading state for women in tech, with women comprising 35.5% of its tech workforce. For details, visit Triangle Tech X.

MetLife, Inc. (NYSE: MET) has declared a fourth quarter 2020 common stock dividend of $0.46 per share, set to be paid on December 14, 2020. Shareholders of record as of November 3, 2020 will be eligible for this dividend. MetLife is a leading global financial services company, providing a range of products including insurance and asset management. With operations in over 40 markets, MetLife maintains strong positions across various regions including the U.S. and Japan.

MetLife (NYSE: MET) announced significant changes to its senior leadership team effective January 1, 2021. Oscar Schmidt, President of Latin America, will retire after 26 years. He will be succeeded by Eric Clurfain, who has over 20 years of insurance experience. Clurfain will report to CEO Michel Khalaf. Dirk Ostijn, currently Head of EMEA, will take over Clurfain's role in Japan, while Nuria Garcia will lead the EMEA region. These changes reflect MetLife's commitment to talent development and succession planning, aimed at continuing value creation for customers and shareholders.