MetLife, the largest life insurance company in the U.S., has seen its stock gain 28% over the last year, compared to a 23% return in the S&P500 index over the same period. Notably, MetLife's peer Prudential Financial (NYSE: PRU) is up 19% over the same period.
MET remains well-poised for growth, attributed to a well-performing Group Benefits segment, partnerships and a notable financial position.
MET's asset management arm is expected to close the acquisition of PineBridge by 2025, expanding its offerings and global presence.
U.S. insurer MetLife said on Monday it has agreed to buy PineBridge Investments, a global asset manager, from Pacific Century Group in a deal valued at up to $1.2 billion.
MetLife (MET) shares rose 5% Thursday when the insurance provider announced a new strategic plan to "accelerate growth across global platform while delivering attractive returns and all-weather performance."
MetLife is aiming for double-digit growth in its adjusted earnings per share over the next five years by doubling down on investments in core areas such as group benefits and asset management, its chief executive told Reuters.
MET and General Atlantic partner to launch Chariot Re, a life and annuity reinsurance company, expanding their footprint in the reinsurance space.
MetLife and General Atlantic are forming a reinsurance venture, the companies' executives told Reuters on Wednesday, the latest in a growing trend of insurers and alternative money managers teaming up to boost returns from low-risk insurance assets.
MET collaborates with Workday to optimize employer benefit programs according to employee preferences.
Drew Matus, MetLife Investment Management chief market strategist, joins 'Money Movers' to discuss Matus' expectations for the market's momentum, what metric could break first signaling a move lower in equities, and much more.
Drew Matus, MetLife Investment Management chief market strategist, and CNBC's Steve Liesman join 'The Exchange' to discuss expectations for the Federal Reserve's rate cute decision, outlooks on the economy, and more.
MetLife (MET) reported earnings 30 days ago. What's next for the stock?