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.
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MetLife Pet Insurance has pledged $500,000 to animal rescue shelters across the U.S. to assist with operational and care costs. This contribution comes in response to the rising demand for resources as shelters have facilitated over 2 million adoptions since last spring. The pandemic has increased operational costs for shelters, highlighting the need for financial support. MetLife Pet Insurance aims to help shelters maintain their crucial work in animal care and adoption, emphasizing their commitment to communities and pet health.
MetLife, Inc. (NYSE: MET) reported a robust second quarter 2021, with net income soaring to $3.4 billion ($3.83 per share), up from $68 million ($0.07 per share) in Q2 2020. Adjusted earnings also surged to $2.1 billion ($2.37 per share), marking a 176% increase. Total revenues reached $18.5 billion, reflecting a 31% growth from the prior year. Book value per share fell by 4% to $75.86, while ROE was strong at 21.2%. Investment income benefited from private equity returns, pushing net investment income up 29% to $5.3 billion.
MetLife, Inc. (NYSE: MET) announced a financial update for Q2 2021 by CFO John McCallion. The update video is available on the company's website and aims to inform stakeholders about the company's financial performance and outlook. MetLife operates globally, providing diverse financial services including insurance and asset management. Founded in 1868, it holds significant market positions across various regions including the U.S., Japan, and Europe. The release includes forward-looking statements subject to risks and uncertainties.
MetLife, Inc. (NYSE: MET) has received board approval for a new $3 billion stock repurchase program, adding to the $475 million remaining from a previous authorization. This initiative reflects MetLife's commitment to long-term shareholder value, as articulated by President and CEO Michel Khalaf. In the past year, the company invested approximately $5 billion for growth and increased its common dividend by 4.3% in April. The stock buyback aims to return excess capital to shareholders.
MetLife Investment Management (MIM) has completed the first phase of a Collective Investment Trust (CIT) in collaboration with SEI Trust Company. This new CIT platform aims to enhance access to MIM's Public Fixed Income strategies, particularly for the defined contribution market. MIM's CITs include various trusts focused on short duration, intermediate credit, core fixed income, high yield, and emerging market debt. The firm reports a substantial growth in unaffiliated institutional client assets under management, nearly doubling since 2017 to $66.4 billion.
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MetLife, Inc. (NYSE: MET) announced Tia Hodges as vice president and head of Corporate Giving and Employee Volunteerism, effective July 26, 2021. Hodges will also serve as president and CEO of MetLife Foundation, reporting to Mike Zarcone. With an extensive background in philanthropy, including roles at Citi Foundation and KaBOOM!, she aims to strengthen MetLife's impact in the community. MetLife Foundation has provided nearly $1 billion in grants since 1976 and contributed significantly to pandemic relief and racial equity initiatives.
MetLife, Inc. (NYSE: MET) has declared a third quarter 2021 common stock dividend of $0.48 per share. This dividend will be payable on September 14, 2021, to shareholders of record by August 10, 2021. MetLife is a global financial services leader, providing insurance, annuities, and asset management to individual and institutional clients across more than 40 markets. The company emphasizes its commitment to helping customers navigate their financial needs amidst changing circumstances.
MetLife, Inc. (NYSE: MET) has appointed Frederick Mitchell as vice president for U.S. Government Relations, effective July 26, 2021. He will lead advocacy on retirement and financial services policy, reporting to Maggie Gage in Washington, D.C. Mitchell brings extensive experience from the American Bankers Association and PricewaterhouseCoopers, emphasizing legislative and regulatory strategies. His background aims to bolster MetLife's advocacy priorities in the financial services sector.