MetLife(MET)

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MetLife (MET) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Zacks Investment Research· 2024-04-26 14:21
Wall Street analysts forecast that MetLife (MET) will report quarterly earnings of $1.83 per share in its upcoming release, pointing to a year-over-year increase of 20.4%. It is anticipated that revenues will amount to $17.69 billion, exhibiting an increase of 9.7% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial project ...
MetLife (MET) Launches Savings Calculator to Educate Pet Parents
Zacks Investment Research· 2024-04-17 18:01
MetLife, Inc. (MET) recently rolled out its new savings calculator in a bid to educate pet parents about the benefits of pet health insurance in their pockets. MET’s pet insurance allows pet parents to save money from sudden accidents, illnesses and preventive care. MET’s insurance plans can help pet parents get reimbursed for up to 90% of their bills.This move bodes well as MET will attract new customers and benefit from improved premiums in the future. This will also solidify MetLife’s position as a marke ...
MetLife's (MET) Connected Benefits to Enhance Employer Offerings
Zacks Investment Research· 2024-04-12 16:51
MetLife, Inc. (MET) recently rolled out an enhanced version of MetLife Connected Benefits in a bid to improve customer experience with a more holistic connected benefits capability. This new functionality will leverage technology to screen pharmacy and medical claims and user activity to provide customized benefit education and simplify claims processing.Per MetLife’s 2024 U.S. Employee Benefit Trends Study, 62% of employees do not feel confident about the knowledge of all the benefits offered to them. MET ...
MetLife (MET) Rises 11.4% in 3 Months: More Room for Growth?
Zacks Investment Research· 2024-03-21 17:51
MetLife, Inc. (MET) shares have jumped 11.4% in the past three months, outperforming the industry’s 9.8% increase. Based in New York, MetLife is an insurance-based global financial services company. Volume growth and solid performances of the Group Benefits and RIS businesses are aiding the company. MET has a market cap of $53 billion.In the past three months, the company’s shares have also outperformed the 4.4% and 9.6% growth in the Finance sector and the S&P 500 Index, respectively. Growing premiums, an ...
AM Best Assigns Issue Credit Ratings to MetLife, Inc.'s New Senior Unsecured Notes
Businesswire· 2024-03-14 16:46
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of “a-” (Excellent) to MetLife, Inc.’s (MetLife) (headquartered in New York, NY) [NYSE: MET] newly issued senior unsecured notes (see detailed list below). The outlook assigned to these Credit Ratings (rating) is stable. All other ratings of MetLife and its subsidiaries remain unchanged. The proceeds from this debt issuance are expected to be used to cover upcoming debt maturities. MetLife’s proforma adjusted ...
MetLife Announces Full Redemption of 5.375% Senior Notes Due 2024
Businesswire· 2024-03-12 10:45
Core Viewpoint - MetLife, Inc. will redeem all outstanding 5.375% Senior Notes due December 9, 2024, with a total principal amount of £350 million on April 11, 2024 [1] Group 1: Redemption Details - The redemption price will be determined based on the yield of the outstanding principal amount of the Notes on March 11, 2024, compared to the yield on the 5% U.K. government Treasury Stock due March 7, 2025 [1] - Accrued and unpaid interest will be included in the redemption price, and interest will cease to accrue after the Redemption Date [1] Group 2: Payment Procedures - The Notes are held through Clearstream Banking, S.A. and Euroclear Bank SA/NV, with payments made through The Bank of New York Mellon as the London Paying Agent [2] Group 3: Company Overview - MetLife, Inc. is a leading financial services company providing insurance, annuities, employee benefits, and asset management, operating in over 40 markets globally [3] - The company was founded in 1868 and holds leading positions in various regions including the United States, Japan, Latin America, Asia, Europe, and the Middle East [3]
Why Is MetLife (MET) Up 6.7% Since Last Earnings Report?
Zacks Investment Research· 2024-03-01 17:36
A month has gone by since the last earnings report for MetLife (MET) . Shares have added about 6.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is MetLife due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. MetLife Q4 Earnings Miss on High Costs & Weak EMEA UnitMetLife ...
MetLife (MET) Rolls Out Annuity Offering to Aid Retirees
Zacks Investment Research· 2024-02-29 18:31
MetLife, Inc. (MET) recently teamed up with the renowned Massachusetts-based financial services provider, Fidelity Investments, to devise a fixed immediate income annuity and offer it through the latter’s newly launched retirement income solution, Guaranteed Income Direct. MET’s shares gained 0.3% on Feb 28.The collaboration also involves middleware provider Micruity, which leverages a single point of service for hassle-free data sharing between insurers, asset managers, recordkeepers and related stakeholde ...
MetLife Works with Fidelity Investments® to Offer Guaranteed Lifetime Income through New Retirement Solution
Businesswire· 2024-02-27 14:26
Core Insights - A significant concern for retirees is the risk of outliving their savings, with 71% of U.S. employees expressing this worry, an increase from 60% two years ago [1] - MetLife is collaborating with Fidelity Investments to introduce the MetLife Guaranteed Income Program®, a fixed immediate income annuity, through Fidelity's Guaranteed Income Direct solution [1][2] Company Initiatives - The SECURE Act of 2019 has facilitated the offering of lifetime income solutions in the workplace, leading to increased interest among plan participants and actions from plan sponsors to implement these products [1] - MetLife's guaranteed income offering aims to enhance access to immediate income annuities, allowing plan sponsors to provide retirement income options within defined contribution plans [2] Product Features - The Guaranteed Income Direct solution allows participants to purchase an immediate income annuity through an insurer chosen by their employer, while unutilized funds remain in the plan [2] - MetLife emphasizes simplicity in offering income annuities, making it easier for plan sponsors to provide guaranteed income and for participants to annuitize their savings [3] Financial Security - A guaranteed income stream can assist retirees in budgeting for daily expenses and mitigate the risk of rapidly depleting their savings [3] - Research indicates that one in three retirees (34%) who opted for a lump sum from their defined contribution plan deplete their savings within an average of five years [3] Collaboration and Expertise - MetLife has extensive experience in retirement income solutions and is committed to ensuring financial security for retirees, collaborating with Fidelity Investments and Micruity to enhance retirement outcomes [4] - Micruity's Advanced Routing System (MARS™) improves data sharing among stakeholders, facilitating the transition from retirement savings plans to income plans [5] Company Overview - MetLife, Inc. is a leading financial services company providing insurance, annuities, employee benefits, and asset management globally, with operations in over 40 markets [6]
High Maximum Benefit Dental Insurance Sales Skyrocket
Prnewswire· 2024-02-21 15:07
Company Overview - DentalInsurance.com is a leader in dental insurance comparison shopping, having been launched in 2001 by Mark Kelsey and headquartered in Los Angeles, California [4] - The company has an A+ rating from the Better Business Bureau and a 4.5 stars out of 5 rating on TrustPilot [4] Sales Performance - In 2023, DentalInsurance.com reported a 122 percent increase in annual sales of high maximum benefit dental plans compared to 2022 [1] - Core business sales were driven by organic search engine traffic, search engine marketing, and affiliate advertising [1] Market Insights - The average maximum benefit for dental plans offered by DentalInsurance.com in 2023 was $1,893, with high maximum benefit plans defined as having an annual limit of at least $2,500, which is 32 percent above the national average [2] - High maximum benefit plans accounted for 40 percent of core sales in the third quarter of 2023 [3] Strategic Decisions - The company strategically decided to offer more high maximum benefit plans in response to rising dental care costs due to inflation and the impact of COVID-19 [3] - DentalInsurance.com provides a variety of high maximum dental plans from major brands such as MetLife, Cigna, and Humana [3]