MetLife Stock Price, News & Analysis

MetLife announced an agreement with 3M to provide annuity benefits to about 23,000 retirees and beneficiaries under 3M's U.S. defined benefit pension plan. This arrangement covers approximately $2.5 billion in pension obligations. MetLife's subsidiary, Metropolitan Tower Life Insurance Company, will handle the annuity benefits, ensuring guaranteed lifetime income without altering the current pension benefit amounts. Retirees and beneficiaries do not need to take any action as Metropolitan Tower Life will directly manage the payments, beginning from June 2024.

MetLife (NYSE: MET) has appointed Shurawl Sibblies as Executive Vice President and Chief Human Resources Officer, effective August 1, 2024. Reporting directly to CEO Michel Khalaf, Sibblies will be part of the Executive Leadership Team, tasked with enhancing MetLife's inclusive and purpose-driven culture. Prior to this, she held a significant role at American Express and has previous experience with MetLife. Sibblies brings a robust background in human resources, finance, and product management from companies like TIAA, Citigroup, and Hewlett-Packard. She holds degrees from the University of Albany, Northwestern University, and the University of Rochester.

MetLife has introduced My Leave Navigator, a new digital tool designed to assist employees in managing their leave. This addition to the MyBenefits suite aims to simplify the leave process from planning to claim submission and return-to-work. The tool offers pre-leave guidance, intuitive intake experiences, and real-time updates to help employees manage their leave for various reasons, such as family care or illness recovery. My Leave Navigator also integrates with employer-sponsored programs like FMLA and PFML. This launch follows MetLife's research indicating that improved employee care during key life moments can boost business outcomes. The tool aims to enhance employee confidence in understanding and utilizing their benefits.

MetLife (NYSE: MET) has announced an investor conference scheduled for December 12, 2024, in New York City. The conference will feature presentations from the company's senior management team, offering insights into MetLife's strategic direction and financial performance. Additional details will be made available as the date approaches.

Bridge II Sports celebrates the 12th year of Valor Games Southeast, an adapted sports event for Veterans with disabilities, with the support of presenting sponsor MetLife. The event features 11 competition sports, closing ceremonies at MetLife Global Technology Hub, and aims to provide healing and recovery for over 1,000 Veterans. MetLife, in its ninth year as the presenting sponsor, has contributed financially and through volunteer hours to support this life-changing event.

MetLife CFO John McCallion has released a first quarter 2024 financial update video, highlighting the company's performance and strategic outlook. MetLife, Inc. is a prominent financial services firm offering insurance, annuities, and investment management solutions globally.

MetLife, Inc. (MET) has announced a new $3 billion share repurchase authorization, in addition to the $600 million remaining from the prior authorization. This move, along with a recent common stock dividend increase, reflects the company's commitment to returning capital to shareholders while ensuring responsible growth. MetLife aims to deploy capital strategically to drive long-term shareholder value.

MetLife reported strong first quarter 2024 results with net income of $800 million, adjusted earnings of $1.3 billion, and a book value of $34.54 per share. The company's return on equity was 12.6%, with holding company cash and liquid assets above target at $5.2 billion. MetLife's CEO, Michel Khalaf, expressed optimism for the year ahead, highlighting the company's growth potential.