MetLife Inc News - MET

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Form 4 - Statement of changes in beneficial ownership of securities

New PPO Dental Plans More Competitive Against HMOs

New PPO Dental Plans More Competitive Against HMOs PR Newswire LOS ANGELES, June 11, 2025 LOS ANGELES, June...

MetLife Names Jane Slusark as Chief Communications Officer

MetLife, Inc. (NYSE: MET) today announced that Jane Slusark will join the company as chief communications officer, effective June 9, 2025. In...

MetLife Declares Second Quarter 2025 Preferred Stock Dividends

MetLife, Inc. (NYSE: MET) today announced that it has declared the following preferred stock dividends: Quarterly dividend of $0.35141735 per...

Valor Games Southeast Celebrates ‘13 Years Strong’

Adapted sports event for Veterans with disabilities hosted by non-profit Bridge II Sports, and supported by presenting sponsor MetLife Bridge II...

Valor Games Southeast Celebrates ‘13 Years Strong’

Adapted sports event for Veterans with disabilities hosted by non-profit Bridge II Sports, and supported by presenting sponsor MetLife Bridge II...

MetLife Investment Management Originates $21.6 Billion in Private Credit Transactions in 2024

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that it originated...

MetLife and Aura Introduce New Category of AI-Powered Tools to U.S. Employer Benefits Channel to Take on the Mental Health Crisis

Leading Benefits Provider Committed to Meeting the Needs of Today’s Workforce with Tools to Promote Mental Wellbeing and Balance for Employees...

MetLife Investment Management Announces Driscoll Retirement; Funk Named Interim President

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that after a...

DewDiligence 2 years ago

MET 2Q23 CC transcript:

https://finance.yahoo.com/news/q2-2023-metlife-inc-earnings-041804027.html

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DewDiligence 2 years ago

MET 2Q23 results…

PR:
https://finance.yahoo.com/news/metlife-announces-second-quarter-2023-201500351.html

5-minute video:
https://finance.yahoo.com/news/metlife-cfo-john-mccallion-provides-201500141.html

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DewDiligence 2 years ago

MET inks reinsurance deal—boosts buyback authorization_to $4B…

PR:
https://www.sec.gov/Archives/edgar/data/1099219/000119312523153472/d459413dex991.htm

CC slides:
https://www.sec.gov/Archives/edgar/data/1099219/000119312523153472/d459413dex992.htm

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DewDiligence 2 years ago

Once again, MET had weak results in private equity. I warned about the unsustainable nature of this source of income some time ago in #msg-167739042.

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DewDiligence 2 years ago

MET reports 1Q23 results—$3B buyback authorization—(incremental_to_existing_ $200M_unused_authorization):

https://finance.yahoo.com/news/metlife-announces-first-quarter-2023-201500306.html

https://finance.yahoo.com/news/metlife-announces-3-billion-share-201500413.html

https://finance.yahoo.com/news/1-metlife-profit-drops-lower-202436529.html

CFO’s 5-minute video:
https://www.metlife.com/about-us/newsroom/#video

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DewDiligence 2 years ago

MET increases annualized dividend to $2.08 (from $2.00):

https://finance.yahoo.com/news/metlife-increases-common-stock-dividend-201500854.html

At the current share price ($59.21), the new annualized payout represents a yield of 3.5%.

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DewDiligence 2 years ago

MET 4Q22 CC transcript:

https://finance.yahoo.com/news/metlife-inc-nyse-met-q4-210716721.html

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DewDiligence 2 years ago

MET 5-min video by CFO on 4Q22 results:

https://finance.yahoo.com/news/metlife-cfo-john-mccallion-provides-211500827.html

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DewDiligence 2 years ago

MET 4Q22 results_hit_by_lower private-equity income:

https://finance.yahoo.com/news/metlife-announces-full-fourth-quarter-211500555.html

I commented on the lack of sustainability of private-equity income such income in a post one year ago (#msg-167739042).

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DewDiligence 2 years ago

Fortunately, MET is no longer in the business of selling retail life insurance in the US:

https://www.wsj.com/articles/stock-selloff-hits-life-insurers-fastest-growing-product-11671815626

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pepeoil 2 years ago

Buy this bish and retire. Collect from this little sweet thang

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DewDiligence 3 years ago

MET CFO's 5-minute video on 3Q22 results:

https://finance.yahoo.com/news/metlife-cfo-john-mccallion-provides-201500184.html

Note: MET is +20% YTD; it is a beneficiary of higher interest rates.

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DewDiligence 3 years ago

MET reports 3Q22 results:

https://www.metlife.com/content/dam/metlifecom/us/homepage/about-us/newsroom/earnings-releases/Q3_2022_Earnings_News_Release.pdf

• Net income of $331 million, or $0.41 per share, compared to net income of $1.5 billion, or $1.77 per share, in the third quarter of 2021.

• Adjusted earnings of $966 million, or $1.21 per share, compared to adjusted earnings of $2.1 billion, or $2.39 per share, in the third quarter of 2021.

• Book value of $27.00 per share, down 65 percent from $77.24 per share at September 30, 2021.

• Book value, excluding accumulated other comprehensive income (AOCI) other than foreign currency translation adjustments (FCTA), of $54.37 per share, down 5 percent from $57.29 per share at September 30, 2021.

• Return on equity (ROE) of 4.9 percent.

• Adjusted ROE, excluding AOCI other than FCTA, of 8.9 percent.

• Holding company cash and liquid assets of $5.2 billion at September 30, 2022, which is above the target cash buffer of $3.0 - $4.0 billion.

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DewDiligence 3 years ago

MET 2Q22 results…

Investment income from private equity was way down from the (unsustainable) level in 2Q21; this was offset to some degree by lower life-insurance claims due to COVID.

PR:
https://finance.yahoo.com/news/metlife-announces-second-quarter-2022-201500041.html

5-minute video:
https://finance.yahoo.com/news/metlife-cfo-john-mccallion-provides-201500266.html

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DewDiligence 3 years ago

MET analysis—1Q22 non-GAAP EPS was -15% YoY due to weaker (but still objectively strong) results in private-equity investments. In #msg-167739042, I asked rhetorically how long MET could continue to post superlative results from private equity. Now, we’re seeing a regression to the mean (or perhaps worse).

MET’s insurance business benefits from higher interest rates insofar as MET is effectively short fixed income (i.e. it has net liabilities for eventual insurance claims). However, in recent quarters, the gains on MET’s private-equity investments have outweighed the interest-rate effect mentioned above.

All told, I’m not especially bullish on MET; however, I manage a portfolio that has a MET position with a cost basis of zero, stemming from MET’s de-mutualization in 2001.

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DewDiligence 3 years ago

MET—New $3B buyback authorization accompanies 1Q22 results…

Buyback PR:
https://investor.metlife.com/news-and-events/financial-press-releases/news-details/2022/MetLife-Announces-New-3-Billion-Share-Repurchase-Authorization/default.aspx

1Q22 PR:
https://investor.metlife.com/news-and-events/financial-press-releases/news-details/2022/MetLife-Announces-First-Quarter-2022-Results/default.aspx

CFO’s 5-minute video on 1Q22 results:
https://www.metlife.com/about-us/newsroom/#video

Note: The new $3B buyback authorization is in addition to $475M remaining on the previous buyback authorization—i.e. the total authorization is for ~$3.5B.

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DewDiligence 3 years ago

MET increases annualized dividend to $2.00 (from $1.92):

https://finance.yahoo.com/news/metlife-increases-common-stock-dividend-201500238.html

At the current share price ($66.72), the new annualized payout represents a yield of 3.0%.

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DewDiligence 3 years ago

MET CFO’s 5-min video on 4Q21 results:

https://finance.yahoo.com/news/metlife-cfo-john-mccallion-provides-211500964.html

Take all those superlatives with a grain of salt.

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DewDiligence 3 years ago

MET 4Q21—Poor underwriting again bailed out by private-equity investment gains:

https://finance.yahoo.com/news/insurer-metlifes-quarterly-profit-beats-212327232.html

How long can MET continue to log outsized results in private equity? [Rhetorical]

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DewDiligence 4 years ago

MET 3Q21 results…

PR:
https://finance.yahoo.com/news/metlife-announces-third-quarter-2021-201500644.html

Bloomberg:
https://finance.yahoo.com/news/metlife-beats-estimates-strong-private-205930019.html

CFO’s 5-minute video:
https://finance.yahoo.com/news/metlife-cfo-john-mccallion-provides-201500359.html

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DewDiligence 4 years ago

MET 2Q21 CC transcript:

https://finance.yahoo.com/m/37c1a2ad-eee1-3b39-9666-37cfd46923c9/metlife-inc-(met)-q2-2021.html

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DewDiligence 4 years ago

MET 2Q21 results—new $3B buybcak authorization:

https://investor.metlife.com/news-and-events/financial-press-releases/news-details/2021/MetLife-Announces-Second-Quarter-2021-Results/default.aspx

https://finance.yahoo.com/news/metlife-announces-3-billion-share-201500416.html

5-min video on 2Q21 results:
https://finance.yahoo.com/news/metlife-cfo-john-mccallion-provides-201500006.html

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DewDiligence 4 years ago

MET 1Q21 results:

https://investor.metlife.com/files/Q12021/MET_1Q21_Earnings_Release-FINAL.pdf

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DewDiligence 4 years ago

MET increases annualized dividend to $1.92 (from $1.84):

https://finance.yahoo.com/news/metlife-increases-common-stock-dividend-201500216.html

At the current share price ($63.36), the new annualized payout represents a yield of 3.0%.

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DewDiligence 4 years ago

MET 4Q20_results_produce_modest_“relief”_rally:

https://finance.yahoo.com/news/metlife-announces-full-fourth-quarter-211500280.html (PR)

https://finance.yahoo.com/news/metlife-cfo-john-mccallion-provides-211500418.html (5-min CEO video)

https://finance.yahoo.com/news/metlife-profit-rises-marginally-investment-211931389.html (Reuters)

The stock is +3% in AH trading.

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DewDiligence 5 years ago

MET sells P&C business to Zurich Insurance for $3.94B—inline with prior reports—proceeds to be used for share buybacks (under new $3B authorization):

https://finance.yahoo.com/news/metlife-sell-auto-home-business-054600801.html

https://finance.yahoo.com/news/metlife-announces-3-billion-share-054800208.html

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DewDiligence 5 years ago

MET partners with SDC:

https://www.globenewswire.com/news-release/2020/11/23/2131807/0/en/SmileDirectClub-Partners-With-MetLife.html

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DewDiligence 5 years ago

MET near deal to divest property/casualty business for $4B:

https://finance.yahoo.com/news/exclusive-zurich-insurance-nears-4-165136694.html

P&C is a relatively small portion of MET’s business portfolio.

DewDiligence 5 years ago

MET 3Q20 results:

https://finance.yahoo.com/news/metlife-announces-third-quarter-2020-211500883.html

The stock is flat in AH trading.

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DewDiligence 5 years ago

MET acquires vision-care insurer—Versant Health—for $1.68B in cash…

PR:
https://finance.yahoo.com/news/metlife-acquire-versant-health-owner-110000235.html

Slides:
https://www.sec.gov/Archives/edgar/data/1099219/000109921920000319/irpresentationverandav18.htm

Versant has 35M members to be folded into MET’s Group benefits segment.

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DewDiligence 5 years ago

MET—(-6%/AH)—reports 2Q20 results—the main negative in the quarter was not COVID-19 claims, but rather losses on private equity and derivative securities:

https://finance.yahoo.com/news/metlife-announces-second-quarter-2020-201500963.html

https://s23.q4cdn.com/579645270/files/doc_financials/2020/q2/MET_2Q20_Supplemental_Slides-FINAL.pdf

https://finance.yahoo.com/news/metlife-quarterly-profit-nosedives-lower-201514460.html MetLife said it had higher COVID-related claims during the quarter, but did not provide specifics. The disease's effects in the third quarter would be largely offset by underwriting margins, the company said.

MetLife reported $710 million in net derivative losses, compared with $724 million in derivative gains a year ago. That’s a $1.43B negative swing, YoY, but I can’t really complain insofar as MET gained $4.2B on derivatives during 1Q20 (#msg-155475813).

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DewDiligence 5 years ago

MET 1Q20 CC transcript:

https://finance.yahoo.com/news/edited-transcript-met-earnings-conference-231028080.html

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Femto99 5 years ago

Smart move by the company. I had a very small short position to play after seeing someone called on shorting MET. I closed after seeing MET increased their dividend. Some learning experiences for me. Thank you for your postings.

MET is a good company.

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DewDiligence 5 years ago

MET logged a $4.2B gain in 1Q20 from derivatives to hedge interest rates. Wow.

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DewDiligence 5 years ago

MET 1Q20 results:

https://www.sec.gov/Archives/edgar/data/1099219/000109921920000200/ex991earningsreleaseta.htm

Astonishingly, MET says that COVID-19 will have only a “modest” impact on 2020 financial results—see slide #10 at: https://s23.q4cdn.com/579645270/files/doc_financials/2020/Q1/MET_1Q-20-Supplemental-Slides-FINAL.pdf .

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DewDiligence 5 years ago

MET boosts dividend—forward yield=5.2%:

https://finance.yahoo.com/news/metlife-increases-common-stock-dividend-201500280.html MetLife, Inc…today announced that its Board of Directors has declared a second quarter 2020 common stock dividend of $0.46 per share, an increase of 4.5 percent from the first quarter common stock dividend of $0.44 per share. The dividend will be payable on June 12, 2020, to shareholders of record as of May 8, 2020. The new annualized payout is $1.84, which is 5.2% of the current share price ($35.18).

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Femto99 5 years ago

Thanks a lot for your insights!

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DewDiligence 5 years ago

MET has been unusually volatile lately because investors are finding it hard to get a handle on the effect of the pandemic on MET’s various business segments. The volatility will likely continue until MET announces 1Q19 results and updated 2020 guidance on 5/6/20 (after the market close).

For related info, please see:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154938718 and
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154310158

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Femto99 5 years ago

MET is coming down pretty hard today. What is the cause? I have been reading the 10k but it is such a big company.

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DewDiligence 5 years ago

Despite the discombobulated corporate-bond market, MET managed to issue $1B of 10-year bonds paying interest @4.55% in a deal that closed today:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1099219/000119312520082648/d898812d8k.htm

This is encouraging and might signal a bottom for the stock, which has dropped an astonishing 55% since 2/12/20.

Please see #msg-154310158 for related info.

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DewDiligence 5 years ago

Please see #msg-154310158. I don't know anything about the deal you mentioned. Regards, Dew

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PENNIEStoSTACKS 5 years ago

DD why did the MET chart drop the way it has and do you know anything about the deal they have with SOLI https://investorshub.advfn.com/boards/replies.aspx?msg=154373738

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DewDiligence 5 years ago

That's not the reason. Life insurance is now a pretty small portion of MET's overall business. See #msg-154239470.

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creyno58 5 years ago

Because they have to pay when people die!

DewDiligence 5 years ago

For MET, lower interest rates lead to lower earnings.

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Femto99 5 years ago

Why is it going down so fast?

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DewDiligence 5 years ago

MET 4Q19 CC transcript:

https://finance.yahoo.com/news/edited-transcript-met-earnings-conference-123752237.html

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DewDiligence 5 years ago

MET 4Q19 results:

https://investor.metlife.com/news-and-events/financial-press-releases/news-details/2020/MetLife-Announces-Full-Year-and-Fourth-Quarter-2019-Results/default.aspx

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Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

New PPO Dental Plans More Competitive Against HMOs

MetLife Names Jane Slusark as Chief Communications Officer

MetLife Declares Second Quarter 2025 Preferred Stock Dividends

Valor Games Southeast Celebrates ‘13 Years Strong’

Valor Games Southeast Celebrates ‘13 Years Strong’

MetLife Investment Management Originates $21.6 Billion in Private Credit Transactions in 2024

MetLife and Aura Introduce New Category of AI-Powered Tools to U.S. Employer Benefits Channel to Take on the Mental Health Crisis

MetLife Investment Management Announces Driscoll Retirement; Funk Named Interim President

MET Discussion

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Boards:

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MetLife Inc (MET) News

MetLife Inc (MET)

Professional-Grade Tools, for Individual Investors.

MET News

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

Form 4 - Statement of changes in beneficial ownership of securities

New PPO Dental Plans More Competitive Against HMOs

MetLife Names Jane Slusark as Chief Communications Officer

MetLife Declares Second Quarter 2025 Preferred Stock Dividends

Valor Games Southeast Celebrates ‘13 Years Strong’

Valor Games Southeast Celebrates ‘13 Years Strong’

MetLife Investment Management Originates $21.6 Billion in Private Credit Transactions in 2024

MetLife and Aura Introduce New Category of AI-Powered Tools to U.S. Employer Benefits Channel to Take on the Mental Health Crisis

MetLife Investment Management Announces Driscoll Retirement; Funk Named Interim President

MET Discussion

Your Recent History

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