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MetLife shares have outperformed peers, but life insurance stocks have not really been in favor given concerns about CRE losses and rate cuts. Higher rates have allowed MetLife to reprice its investment portfolio at higher rates and sell more spread products, and the benefits will last even as rates fall. There are understandable concerns about MetLife's CRE exposure (office in particular), as the insurer is overweight here, but losses will take years to materialize and can be absorbed.
NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) has published its 2023 Sustainability Report on how the company is living its purpose – Always with you, building a more confident future – through the strength of its people, products, services, and investments. At MetLife, sustainability means managing business responsibly and sustaining people throughout their lives. To help drive progress toward a sustainable future, MetLife has aligned its sustainability strategy with a subset of the Uni.
NEW YORK--(BUSINESS WIRE)-- #finance--MetLife and GeoBlue, the international solution for the Blue Cross® Blue Shield® companies, announced today they will offer a full suite of expatriate benefit products in a best-in-class single solution, Globaline™. Globaline™ brings together health coverage and services from GeoBlue – including medical, dental, vision, prescription, wellness, international employee assistance program and political and natural disaster assistance – and life, accidental death & dis.
NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today published its 2023 Sustainability Report on how the company is living its purpose – Always with you, building a more confident future – through the strength of its people, products, services, and investments. At MetLife, sustainability means managing business responsibly and sustaining people throughout their lives. To help drive progress toward a sustainable future, MetLife has aligned its sustainability strategy with a subset of the U.
MetLife (MET) expands collaboration with Micruity in a bid to develop MetLife's Universal Digital Platform and enhance access to retirement solutions.
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the newly issued $500 million, 5.300% senior unsecured notes due Dec. 15, 2034, issued by MetLife, Inc. (MetLife) (headquartered in New York, NY) [NYSE: MET]. The outlook assigned to this Credit Rating (rating) is stable. All other ratings of MetLife and its subsidiaries remain unchanged. The proceeds from this debt issuance are expected to be used for general corporate purposes, which ma.
NEW YORK--(BUSINESS WIRE)--Micruity, a recognized leader in retirement technology solutions, announced today an expansion of its collaboration with MetLife, Inc. (MetLife), a leading provider of institutional income annuities. The two firms will collaborate on the development of MetLife's Universal Digital Retirement Platform, an education, planning, and annuity purchasing tool that seamlessly and securely connects to existing employment benefit, third party administrator (TPA) and recordkeepin.
MetLife Foundation Community Impact Grant Program Opens Application for Second Round of 2024 Funding
NEW YORK--(BUSINESS WIRE)--MetLife Foundation today announced another request for proposal (RFP) opportunity for its Community Impact Grant Program, which it expanded earlier this year and launched internationally in Asia Pacific. With the support and dedication of MetLife employees in the application review process, the program continues to expand the Foundation's impact and involvement in communities where MetLife has a presence. After launching an RFP in February of 2024, MetLife Foundation.
MetLife's (MET) unit, Metropolitan Tower Life, is set to take over around $2.5 billion in defined benefit pension obligations from 3M, ensuring continued monthly payments to nearly 23,000 retirees.
3M Co. said Thursday it will transfer about $2.5 billion of its pension-payment obligations to Metropolitan Tower Life Insurance Co.