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?
MetLife stock gets upgraded to a buy, from my prior hold rating, as indicators point to further share price potential in the financials sector, as well as the insurance subsector. Data points to future continued demand for annuities and life insurance, and MetLife has in Q3 achieved new organic customer growth in 2 key businesses. Although its dividend yield is not stellar vs. peers, it has a 10-year track record of proven dividend growth, something it has potential to continue.
The U.S. Treasury Department said on Thursday that New York-based insurer MetLife's unit, American Life Insurance Company, agreed to settle its potential civil liability for over 2,300 apparent violations of sanctions against Iran.
MET's third-quarter earnings suffer from higher expenses and a lower recurring interest margin in RIS.