MetLife's New Latin America Unit Generates 4.5M Active Customers

Core Insights - MetLife has launched a new business unit named MetLife Xcelerator in Latin America, which is part of its New Frontier strategy aimed at enhancing digital distribution and strategic partnerships in the insurance sector [1][2] - The New Frontier strategy is projected to support double-digit growth in adjusted earnings per share and deliver a 15-17% adjusted return on equity, with plans to expand into high-growth international markets [2] - The Xcelerator platform integrates insurance products into digital platforms, achieving 4.5 million active customers and generating over $200 million in premiums, fees, and other income since its launch in November 2023 [3][4] Business Strategy - MetLife aims to leverage technology and an agile startup-like model to scale operations across Latin America, improving customer experience and broadening insurance inclusion in regions with traditionally low penetration [4][5] - The initiative positions MetLife as a leader in digital insurance innovation, providing a competitive edge in a rapidly evolving industry [5] Market Performance - MetLife shares have increased by 13.1% over the past year, outperforming the industry growth of 6.7% [6]