MetLife, Inc. (MET) is slated to release first-quarter 2024 results on May 1, after market close. Higher premiums, variable investment income and increased volumes across Group Benefits and Latin America units are likely to have worked well for the company, partly undone by rising costs.Factors to NoteIn the first quarter, revenues of MetLife are expected to have benefited on the back of higher premiums and net investment income. The Zacks Consensus Estimate for premiums is pegged at $10.9 billion, which in ...

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 ...

Core Insights - MetLife, Inc. has launched a new savings calculator aimed at educating pet parents about the financial benefits of pet health insurance, which can reimburse up to 90% of veterinary bills [1] - The introduction of pet insurance is expected to attract new customers and enhance future premiums, reinforcing MetLife's leadership in the U.S. group benefits market [1] Group 1: Market Opportunity - A survey indicates that 45% of pet parents faced significant health issues with their pets last year, and 82% felt financially unprepared for these expenses [2] - Only 58% of pet parents currently have pet medical insurance, presenting a substantial market opportunity for MetLife to provide insurance solutions [2] Group 2: Product Features - MetLife's pet insurance offers flexible family plans, competitive rates, and aims to lower out-of-pocket costs for pet parents [2] - Additional support features include 24/7 vet chat, counseling, and lost pet coverage, enhancing the overall value proposition for customers [2] Group 3: Financial Performance - MetLife's shares have increased by 4.2% year-to-date, outperforming the industry growth of 2.4% [3]

Group 1 - MetLife, Inc. has launched an enhanced version of MetLife Connected Benefits to improve customer experience through a more integrated benefits capability [1] - According to MetLife's 2024 U.S. Employee Benefit Trends Study, 62% of employees lack confidence in their understanding of available benefits, prompting MetLife to offer personalized benefit education [2] - The integration of benefits is crucial, with 73% of employees valuing a connected experience, which MetLife aims to provide through its Connected Benefits initiative [3] Group 2 - Nayya Claims will analyze medical claims data to enhance MetLife Connected Benefits, allowing for personalized services and linking various MetLife offerings [4] - MetLife's shares have increased by 7.1% year to date, outperforming the industry's growth of 4.6% [4]

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 ...

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 ...

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]

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, 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 ...

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]