MetLife (MET) Stock News

MetLife (NYSE:MET) has announced the launch of Chariot Reinsurance (Chariot Re), a new Bermuda-based life and annuity reinsurance company, co-sponsored with General Atlantic. The venture marks a significant strategic move in the reinsurance sector, with Chariot Re completing its initial transaction to reinsure approximately $10 billion of liabilities from MetLife's structured settlement and group annuity contracts.

The new reinsurance platform features a distinguished leadership structure, with Cynthia Smith, a 30-year insurance veteran, serving as CEO. MetLife Investment Management and General Atlantic will act as exclusive external asset managers. The venture has secured backing from lead investor Chubb and other investors, positioning itself to reshape the life and annuity reinsurance market.

This strategic partnership aligns with MetLife's New Frontier strategy, supporting growth in its retirement platform and asset management business. MetLife will maintain its commitment to policyholders and continue handling all customer-related functions.

MetLife (NYSE:MET) has announced a strategic partnership with Sprout.ai to enhance its claims automation capabilities across global markets. The collaboration, which follows successful implementation in Latin America, will expand to multiple territories across the US, Asia, and LATAM regions.

The partnership leverages Sprout.ai's purpose-built AI technology to integrate with MetLife's existing systems, enabling faster and more accurate claims processing while maintaining human oversight. Early results in Latin America have shown significant improvements in claims turnaround times, accuracy, and customer satisfaction.

MetLife (MET) has announced the expansion of its Upwise benefits experience platform through a strategic collaboration with Nayya, making it available on Workday Marketplace. The platform will be accessible from October 1, 2025, at no additional cost to Workday HCM and Benefits customers who have or add MetLife's Accident, Hospital Indemnity, or Critical Illness insurance products. Since its 2024 launch, Upwise has shown strong results with 64% of employees reporting easier benefits decisions. This expansion addresses the significant 'confusion gap' in benefits understanding, as MetLife's 2025 study found 52% of employees don't fully comprehend their benefits. The integration with Workday Marketplace represents a strategic move to enhance benefits accessibility and understanding while strengthening MetLife's market leadership position.

MetLife Investment Management (MIM) has appointed Brian Funk as its president, who previously served as interim president and global head of Private Capital. Funk will oversee MIM's $616.9 billion in total assets under management and lead the integration of PineBridge Investments ($100 billion AUM), expected to close by end of 2025. Under his previous role, Funk's Private Capital team originated $21.6 billion in private credit transactions in 2024. He joined MIM through the Logan Circle Partners acquisition in 2017 and played a key role in acquiring Affirmative Investment Management in 2022. The appointment aligns with MetLife's strategic priority to accelerate growth in asset management under their New Frontier strategy.

MetLife's 2025 Personal Injury Settlement Study reveals overwhelming satisfaction among structured settlement annuity recipients, with 94% reporting financial security from monthly payments. The study shows 96% of recipients are happy choosing monthly annuity payments over lump sums, with 79% reporting improved living standards. The average settlement amount was $324,148, with 43% taking full lump sums, 23% full annuities, and 34% partial settlements. Notably, 49% of lump sum recipients regret major purchases made within the first year, and 51% are reducing spending due to fears of running out of money. The study highlights that 76% of annuity recipients feel more confident in financial decisions, while 72% of lump sum recipients admit monthly payments would have made budgeting easier.

DentalInsurance.com has expanded its portfolio of PPO dental plans featuring higher maximum benefits, making them more competitive against HMO plans. While PPOs traditionally offered around $2,000 in annual maximum benefits, the new generation of plans provides increases ranging from 25% to 400% higher ($2,500 to $10,000). Notable offerings include MetLife's NCD Complete with a $10,000 maximum benefit, Humana Extend 5000 with $5,000, and several other plans from major insurers like Cigna, Guardian, and Delta Dental with benefits ranging from $2,500 to $3,000. PPO plans already offer wider dentist networks compared to HMOs, and these increased maximum benefits make them an even more attractive option for consumers seeking quality dental care with better protection against out-of-pocket costs.

MetLife (NYSE: MET) has appointed Jane Slusark as its new Chief Communications Officer, effective June 9, 2025. In her new role, Slusark will be responsible for overseeing MetLife's global communications strategy, including internal and external communications and media relations.

Slusark joins MetLife from Principal Financial Group, where she served as head of global communications, leading initiatives to advance the company's growth priorities. She brings extensive experience in strategic public relations, thought leadership, and reputation management, having held communications leadership positions across agriculture, government, and financial services sectors.

Slusark holds an M.S. in public administration from Drake University and a B.S. in journalism and political science from the University of Iowa.

Bridge II Sports (BIIS) is hosting the 13th annual Valor Games Southeast (VGSE), a three-day adapted sports competition for Veterans with disabilities, with MetLife as the presenting sponsor for the 10th consecutive year. The event, themed "Undaunted, Undeterred. Undefied," will take place from May 19-22, 2025, featuring eleven competitive sports across various locations in the Triangle area. The games, funded by the U.S. Department of Veterans Affairs and supported by community partners, have impacted over 1,000 Veterans since 2013. MetLife employees, primarily Veterans, have contributed more than 5,000 volunteer hours to the event. The closing ceremonies will be held at the MetLife Global Technology Hub in Cary.

MetLife Investment Management (MIM) reported strong private credit origination in 2024, totaling $21.6 billion across diverse sectors. The portfolio included $6.8 billion in residential credit, $6.4 billion in corporate debt, $5.6 billion in infrastructure debt, and $2.8 billion in asset-based finance. MIM's private credit assets under management reached $129.1 billion by year-end 2024.

Notable achievements include significant international presence with $2.2 billion in corporate private placements and $2.4 billion in infrastructure origination outside the U.S. The firm's infrastructure focus was driven by digital expansion and power generation decarbonization, with 40% of deals being bilateral or direct. As of March 31, 2025, MIM managed total assets of $616.9 billion and ranks as the largest infrastructure debt investment manager globally.