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. (NYSE: MET) generates a steady flow of news as a global financial services company focused on insurance, annuities, employee benefits and asset management. Founded in 1868 and operating in more than 40 markets worldwide, the company regularly issues updates that reflect its broad presence in the United States, Asia, Latin America, Europe and the Middle East.
On this page, readers can follow MET news related to quarterly and annual earnings, capital management actions, and strategic initiatives. MetLife frequently announces earnings results, preliminary financial information and outlook details through news releases and accompanying financial supplements. These updates often address adjusted earnings, net investment income, variable investment income and segment performance across Group Benefits, Retirement and Income Solutions, regional insurance businesses and MetLife Investment Management.
MetLife news also covers strategic transactions and partnerships. Recent communications include a variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, the acquisition of PineBridge Investments, LLC and certain affiliates by MetLife Investment Management, and collaborations to expand access to institutional income annuities within defined contribution plans. Additional announcements highlight partnerships in areas such as pet insurance distribution and digital leave support solutions for employees.
Investors and observers can also track dividend declarations on common and preferred stock, research-driven insights like the U.S. Employee Benefit Trends Study, and philanthropic initiatives through MetLife Foundation. For those monitoring MET, this news feed provides a centralized view of the company’s financial disclosures, product and partnership developments, and broader corporate activities.
MetLife has appointed James Reid as the new CEO of Versant Health, effective April 1. Reid brings over 30 years of insurance industry experience, including leadership roles at MetLife and Aetna. He is expected to drive growth and innovation at Versant, which serves over 35 million members nationwide. Reid succeeds Kirk Rothrock, who is retiring after successfully consolidating multiple vision care companies into Versant over the last eight years. The transition aims to maintain Versant's growth momentum and customer focus.
Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, has successfully completed four longevity reinsurance transactions with Legal & General, covering approximately $2 billion in pension liabilities. This strategic partnership aims to assist Legal & General in managing longevity risk effectively. Jay Wang, senior vice president at MetLife, expressed enthusiasm for this collaboration, highlighting the strong potential for future growth in the U.K. pension and longevity risk transfer market.
MetLife, Inc. (NYSE: MET) has declared a common stock dividend of $0.46 per share for the first quarter of 2021. This dividend is scheduled for payment on March 15, 2021, to shareholders on record as of February 5, 2021. Established in 1868, MetLife is a leading global financial services firm, offering various products including insurance and asset management across more than 40 markets.
MetLife, Inc. (NYSE: MET) will hold a fourth quarter and full year 2020 earnings conference call on February 4, 2021, from 9-10 a.m. ET. The earnings news release and related financial materials will be available on February 3, 2021, after market close. This call will detail the company's financial results, business operations, and future outlook. Interested participants can join via telephone or through the internet. A replay of the call will be available from February 4 to February 11, 2021. For further details, visit MetLife's Investor Relations website.
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MetLife Investment Management (MIM), the asset management division of MetLife (NYSE: MET), announced a $130 million investment in the senior secured private placement financing of Brookfield Renewable Partners' Sidney A. Murray, Jr. Hydroelectric facility in Louisiana. This investment, part of a total $560 million financing, includes $74 million for unaffiliated clients and supports Brookfield's renewable energy initiatives. MIM manages a $94.1 billion private placement debt portfolio and emphasizes its commitment to environmental sustainability, aligning with its long-term goals.
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” for Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company. Additionally, AM Best upgraded the FSR for MetLife’s dental and vision subsidiaries to A+ (Superior) from A (Excellent), reflecting strong operational performance and strategic importance within MetLife's portfolio. With a stable outlook for all ratings, this solidifies MetLife's strong market position and financial resilience.
MetLife, Inc. (NYSE: MET) announced a new $3 billion stock repurchase program, following the completion of its previous authorization. CEO Michel Khalaf emphasized the company's commitment to capital management, highlighting that despite challenges, they expect to invest $3 billion in new business and $1.7 billion in growth-oriented M&A by year-end. Furthermore, they plan to return at least $2.6 billion to shareholders through dividends and share buybacks, while maintaining a strong liquidity buffer.
MetLife (NYSE: MET) has agreed to sell Metropolitan Property and Casualty Insurance Company and its subsidiaries to Farmers Group, a subsidiary of Zurich Insurance Group, for $3.94 billion in cash. The deal includes a 10-year strategic partnership allowing Farmers to offer its products on MetLife’s U.S. Group Benefits platform, which serves 3,800 employers and roughly 37 million employees. This transaction aims to enhance MetLife's focus on core strengths following its recent acquisition of Versant Health, positioning the company for growth in employee benefits.
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