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MET / MetLife announces $19.2 billion risk transfer transaction, increases share repurchase to $4 billion

MetLife announces $19.2 billion risk transfer transaction, increases share repurchase to $4 billion
MetLife Inc. MET, -3.07% has entered into an agreement with Global Atlantic Financial Group to reinsure approximately $19.2 billion of U.S. retail universal life, variable universal life, universal life with secondary guarantees, and fixed annuity statutory reserves. The combined value of the transaction is expected to be approximately $3.25 billion with a ceding commission of $2.25 billion and $1 billion of capital that will be released, according to a statement released by MetLife early Thursday. Read More
Posted: May 25 2023, 07:13
Author Name: Market Watch
Views: 110677

MET News  

MetLife (MET) Q3 Earnings Miss Despite Rising Investment Returns

By Zacks Investment Research
November 2, 2023

MetLife (MET) Q3 Earnings Miss Despite Rising Investment Returns

MetLife (MET) exits the third quarter with cash and cash equivalents of $14.9 billion. more_horizontal

MetLife (MET) Reports Q3 Earnings: What Key Metrics Have to Say

By Zacks Investment Research
November 1, 2023

MetLife (MET) Reports Q3 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for MetLife (MET) give a sense of how its business performed in the quarter ended September 2023, it might be worth consi more_horizontal

MetLife (MET) & Nayya Unite to Enhance Insurance Offerings

By Zacks Investment Research
October 19, 2023

MetLife (MET) & Nayya Unite to Enhance Insurance Offerings

MetLife (MET) announces a strategic partnership with Nayya to improve employee benefits experience. more_horizontal

Should Value Investors Buy MetLife (MET) Stock?

By Zacks Investment Research
October 3, 2023

Should Value Investors Buy MetLife (MET) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

MetLife (MET) is a Top Dividend Stock Right Now: Should You Buy?

By Zacks Investment Research
October 2, 2023

MetLife (MET) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does MetLife (MET) have what it tak more_horizontal

MetLife (MET) Stock Rises 11.8% in 3 Months: More Room to Run?

By Zacks Investment Research
September 28, 2023

MetLife (MET) Stock Rises 11.8% in 3 Months: More Room to Run?

MetLife's (MET) strong performing U.S. and Asia business, coupled with cost-reduction initiatives, position the company well for growth. more_horizontal

MET vs. PUK: Which Stock Should Value Investors Buy Now?

By Zacks Investment Research
September 27, 2023

MET vs. PUK: Which Stock Should Value Investors Buy Now?

Investors with an interest in Insurance - Multi line stocks have likely encountered both MetLife (MET) and Prudential (PUK). But which of these two co more_horizontal

MetLife (MET) Unveils Solutions to Boost Footprint in Asia

By Zacks Investment Research
September 18, 2023

MetLife (MET) Unveils Solutions to Boost Footprint in Asia

MetLife (MET) launches 360Health in Nepal and 360Future in Korea to empower its clients to effectively manage their health conditions and enjoy a happ more_horizontal


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