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'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.
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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.
MetLife, Inc. (NYSE: MET) has been recognized as one of America’s 100 Most JUST Companies by Forbes and JUST Capital, highlighting its dedication to stakeholders such as employees, customers, and communities. This recognition underscores MetLife's commitment to ethical practices, including fair wages and worker training. The ranking evaluates top U.S. companies based on various social responsibility metrics, particularly in light of COVID-19. Previously, MetLife was also listed among Fortune’s Most Admired Companies and recognized by Newsweek as one of America’s Most Responsible Companies.