MetLife Stock Price, News & Analysis

MetLife Investment Management (MIM) has appointed Jingsu Pu as the global head of Insurance Strategy & Solutions and head of Institutional Client Group (ICG) for Asia, excluding Japan. Pu, who has extensive experience in the insurance sector, will lead MIM’s initiatives in strategic portfolios and client development in key Asian markets. His previous roles include managing Asia portfolio operations and a brief position as a chief investment officer in China. MIM manages $659.6 billion in assets and is focused on enhancing its asset management footprint in Asia.

MetLife's subsidiary, Metropolitan Tower Life Insurance Company, has partnered with Dow to manage annuity benefits for about 12,000 retirees and beneficiaries in Dow's pension plans, amounting to approximately $700 million. Dow trusts MetLife to provide guaranteed lifetime income. This action follows Dow's previous group annuity contract purchase in November 2020. Importantly, this agreement will not alter the monthly pension benefits for retirees, as Metropolitan Tower Life will handle payment responsibilities, ensuring retirees receive their entitled earnings without requiring any action from them.

MetLife, Inc. (NYSE: MET) has released a financial update video by Executive Vice President and CFO John McCallion, detailing Q4 and full-year 2020 performance. The full press release and video are accessible on the company’s website. MetLife is a leading global financial services provider, offering a range of products including insurance and asset management, and operates in over 40 markets worldwide.

MetLife, Inc. (NYSE: MET) reported its 2020 financial results, revealing a net income of $5.2 billion down from $5.7 billion in 2019. Adjusted earnings also fell slightly to $5.6 billion. The company's book value surged by 15% to $78.67 per share, buoyed by strong premium growth and disciplined expense management. In Q4 alone, net income dramatically decreased to $124 million, a 77% drop from $536 million in the previous year. However, adjusted earnings per share showed resilience with a 3% rise to $2.03. MetLife aims to maintain value creation through its Next Horizon strategy.

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MetLife, Inc. (NYSE: MET) will feature CEO Michel Khalaf and CFO John McCallion in a fireside chat at the Bank of America 2021 Virtual Insurance Conference. The event is scheduled for February 10, 2021, at 10:40 a.m. (ET). A live audio webcast will be accessible online at this link, and listeners are advised to join 15 minutes early to prepare their systems. A replay of the chat will be available until February 17, 2021, at 11:59 p.m. (ET). MetLife operates globally in over 40 markets, offering diverse financial services.

MetLife's subsidiary, Metropolitan Tower Life Insurance Company, has secured an agreement with Lockheed Martin to manage annuity benefits for approximately 13,500 retirees, covering pension obligations of about $1.4 billion. This marks the second pension risk transfer transaction between the two firms, following a $1.9 billion agreement in 2019. The arrangement ensures the retirees will continue receiving their benefits without any changes. MetLife manages around $3 billion annually for about 720,000 annuitants, reinforcing its position as a leader in the pension risk transfer market.

MetLife's subsidiary, Metropolitan Tower Life Insurance Company, has entered an agreement with Weyerhaeuser Company to provide annuity benefits for nearly 5,200 retirees under Weyerhaeuser's defined benefit pension plan, totaling approximately $765 million. This partnership aims to offer guaranteed lifetime income, thereby reducing Weyerhaeuser's pension risk exposure. The deal, closed in December 2020, will not alter monthly benefits for retirees. MetLife, recognizing its 100 years in group annuity contracts, manages about $3 billion in benefit payments annually for 720,000 annuitants.

MetLife, Inc. (NYSE: MET) has appointed Merrilee Matchett as Executive Vice President and Head of Global Customer Service & Operations, effective March 29, 2021. Reporting to Bill Pappas, Matchett brings extensive experience from Bank of America, where she managed operations for wealth management and personal retirement businesses with over $3 trillion in client balances. Her strategic, customer-centric approach aims to enhance service excellence at MetLife. Matchett is an advocate for diversity in financial services and holds a B.A. in management from the University of Canberra, Australia.