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MetLife Expands Pet Insurance Reach Through Petstablished Partnership
ZACKS· 2025-12-18 17:10
Core Insights - MetLife, Inc. has partnered with Petstablished to integrate pet insurance quotes into the adoption process, allowing shelters to offer customized coverage during the online workflow [1][9] - Adopters can include insurance costs in the adoption fee, ensuring pets are covered before leaving the shelter, with various coverage options available [2][9] - This initiative addresses the issue of unexpected veterinary bills, aiming to ease financial burdens that can disrupt long-term pet care [3] Company Strategy - The partnership reflects MetLife's focus on embedded insurance distribution, enhancing visibility and encouraging early consideration of pet insurance [4] - By integrating insurance into digital adoption workflows, the company aims to improve customer engagement and policy relationships, aligning with industry trends towards digital platforms for growth [4] Financial Performance - While the immediate financial impact may be modest, such initiatives are expected to strengthen MetLife's position in the growing specialty insurance sector [5] - Total revenues for MetLife rose by 1.8% year over year, with premiums increasing by 2.4% in the first nine months of 2025, indicating potential for a more diversified revenue mix [5] Stock Performance - Over the past year, MetLife's shares have increased by 3%, compared to the industry's growth of 15.9% [6]