MetLife Stock Jumps on New Long-Term Growth Strategy

Core Insights - MetLife has launched a new five-year strategy called "New Frontier" aimed at enhancing long-term growth and profitability [1][2] - The plan targets double-digit adjusted earnings per share (EPS) growth, a 15% to 17% adjusted return on equity, a one-percentage-point reduction in direct expense ratio, and $25 billion in free cash flow [1] - Following the announcement, MetLife's shares increased by 5% [1] Group 1: Strategy Overview - The "New Frontier" strategy builds on the previous "Next Horizon" plan, which focused on simplifying and differentiating the company [2] - CEO Michel Khalaf emphasized that MetLife operates in attractive markets with strong competitive advantages, allowing for growth with lower risk [2] Group 2: Key Focus Areas - The "New Frontier" strategy will concentrate on four main areas: enhancing leadership in group benefits, leveraging a unique retirement platform, accelerating asset management growth, and expanding in high-growth international markets [2]