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MetLife (MET) Company Profile

Updated Aug 5, 2020
MetLife has the following business profile:
Company's Full Name:MetLife Inc.
Short Name:MetLife
Trading Ticker Symbol:MET
Primary Exchange:NYSE
Headquarter City/Country:New York, New York
Primary Industry Sector:Finance
Seconday Sub-sector:Life Insurance
Main Business Areas: Finance, Life Insurance, Financial Services, Insurance, S&P 500
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding MetLife stock

Market and Trading Information for MetLife

The following details were available for trading and market data about the stock of MetLife as of writing:
Current Share Price:$38.28
Previous Year's Closing Price:$50.97
Percentage Price Change (YTD):-24.9%
Market Cap:$34.74 billion
52-week Price Range:$22.85 - $53.28
Dividend Per Share:$1.76
EPS (TTM):9.37
Price-Earnings (Trailing):4.09
Price-Earnings (Forward):6.42

Company Profile and Business Description for MetLife

MetLife, Inc. (MetLife), incorporated on August 10, 1999, is a provider of life insurance, annuities, employee benefits and asset management. The Company's segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings; Brighthouse Financial, and Corporate & Other. In the United States, the Company provides a range of insurance and financial services products, including life, dental, disability, property and casualty, guaranteed interest, stable value and annuities to both individuals and groups. Outside the United States, the Company provides life, medical, dental, credit and other accident and health insurance, as well as annuities, endowment and retirement and savings products to both individuals and groups.

The Company's businesses in the U.S. segment offer a range of protection products and services aimed at serving the financial needs of its customers throughout their lives. These products are sold to corporations and their respective employees, other institutions and their respective members, as well as individuals. The Company's U.S. segment is organized into three businesses: Group Benefits, Retirement and Income Solutions and Property & Casualty. Group Benefits insurance products and services include life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment (AD&D), critical illness, vision, and accident and health coverages, as well as prepaid legal plans. It also sells administrative services-only (ASO) arrangements to some employers. Under such ASO arrangements, the employer is at risk, as the Company have not issued an insurance policy. The Company pays claims funded by the employer and perform other administrative services on behalf of the employer. The products offered by the Group Benefits business include variable life, universal life, term life, dental and disability. Variable life products provide insurance coverage through a contract that gives the policyholder flexibility in investment choices and, depending on the product, in premium payments and coverage amounts, with certain guarantees. With variable life products, premiums and account balances can be directed by the policyholder into a variety of separate account investment options or directed to the Company's general account. Universal life products provide insurance coverage on the same basis as variable life, except that premiums, and the resulting accumulated balances, are allocated only to the Company's general account. Term life products provide a guaranteed benefit upon the death of the insured for a specified time period in return for the periodic payment of premiums. Dental products provide insurance and ASO arrangements that assist employees, retirees and their families in maintaining oral health. Dental plans include the Preferred Dentist Program and the Dental Health Maintenance Organization. Group and individual disability products provide a benefit in the event of the disability of the insured.

The Retirement and Income Solutions business provides funding and financing solutions that help institutional customers mitigate and manage liabilities primarily associated with their qualified, nonqualified and welfare employee benefit programs using a spectrum of life and annuity-based insurance and investment products. The products offered by the Retirement and Income Solutions business include stable value products; pension risk transfers; institutional income annuities; torts and settlements; capital markets investment products, and other products and services. The Company offers general account guaranteed interest contracts, separate account guaranteed interest contracts, and trust guaranteed interest contracts used to support the stable value option of defined contribution plans. It also offers private floating rate funding agreements that are used for money market funds, securities lending cash collateral portfolios and short-term investment funds. The Company offers general account and separate account annuity products, generally in connection with the termination of defined benefit pension plans. These risk transfer products include single premium buyouts that allow for full or partial transfers of pension liabilities. General account annuity products include nonparticipating contracts. Under nonparticipating contracts, group annuity benefits may be purchased for retired and terminated employees or employees covered under terminating or ongoing pension plans. Separate account annuity products include both participating and non-participating contracts. Under participating contracts, group annuity benefits are purchased for retired, terminated, or active employees covered under active or terminated pension plans. The non-participating contracts have economic features similar to its general account product, but offer the added protection of an insulated separate account. Institutional income annuities' general account contracts are available for purchasing guaranteed payout annuities for employees upon retirement or termination of employment. These annuities can be either life contingent or non-life contingent. These annuities are nonparticipating, do not provide for any loan or cash surrender value and, with few exceptions, do not permit future considerations. Torts and Settlements offer strategies for complex litigation settlements, primarily structured settlement annuities. Capital markets investment products include funding agreements, funding agreement-backed notes and funding agreement-backed commercial paper. The Company's other products and services include life insurance products and funding agreements designed to provide solutions for funding postretirement benefits and company-, bank- or trust-owned life insurance used to finance nonqualified benefit programs for executives.

The Property & Casualty business offers personal and commercial lines of property and casualty insurance, including private passenger automobile, homeowners' and personal excess liability insurance. In addition, Property & Casualty offers small business owners property, liability and business interruption insurance. The products offered by the Property & Casualty business include auto insurance, homeowners' insurance and business owners' insurance. Auto insurance policies provide coverage for private passenger automobiles, utility automobiles and vans, motorcycles, motor homes, antique or classic automobiles and trailers. It also offers traditional coverage, such as liability, uninsured motorist, no fault or personal injury protection, as well as collision and insurance. Homeowners' insurance policies provide protection for homeowners, renters, condominium owners and residential landlords against losses arising out of damage to dwellings and contents from a range of perils, as well as coverage for liability arising from ownership or occupancy. Other insurance includes personal excess liability (protection against losses in excess of amounts covered by other liability insurance policies), and coverage for recreational vehicles and boat owners. Business owners insurance provides property, liability and business interruption insurance for small business owners arising out of damages to property and/or business interruption from a range of perils.

The Company's Asia segment offers a range of products to both individuals and corporations, as well as other institutions and their respective employees, which include life insurance; accident and health insurance, and retirement and savings products. The Company offers both traditional and non-traditional life insurance products, such as whole and term life, endowments, universal and variable life, as well as group products. It offers personal accident and supplemental health products, hospital indemnity, medical reimbursement plans, and coverage for serious medical conditions. Its markets include Japan, Korea and China. In addition, it offers individual and group major medical coverage in select markets. It also offers both fixed and variable annuity products in select markets. As of December 31, 2016, the Company operated in 10 countries throughout Asia. It also maintains a representative office in Myanmar, a center in Singapore and a data analytics center in Malaysia.

The Company's Latin America segment offers a range of products to both individuals and corporations, as well as other institutions and their respective employees, which include life insurance, and retirement and savings products. Life insurance includes universal, variable and term life products. Retirement and savings products include fixed annuities and pension products. The Latin America is engaged in the businesses: accident and health insurance, which offers group and individual major medical, accidental, and supplemental health products, including accidental death and disability, medical reimbursement, hospital indemnity and medical coverage for serious medical conditions, and credit insurance that offer credit insurance policies designed to fulfill certain loan obligations in the event of the policyholder's death. In Latin America, the Company's operations are in Mexico and Chile.

The Company's EMEA segment offers a range of products to both individuals and corporations, as well as other institutions and their respective employees, which include life insurance, accident and health insurance, retirement and savings products, and credit insurance. Life insurance offers both traditional and non-traditional life insurance products, such as whole life, term life, endowments and variable life products. It offers group term life programs. Accident and health insurance offers personal and group personal accident and supplemental health products, including AD&D, hospital indemnity, scheduled medical reimbursement plans and coverage for serious medical conditions. In addition, it offers individual and group medical coverage in select markets. Retirement and savings products offer fixed annuity products and pension products, including group pension programs in select markets. In Romania it offers through a pension company a savings oriented pension product under the mandatory privatized social security systems. Credit insurance offers credit insurance policies designed to fulfill certain obligations in the event of the policyholder's death.

The Company's Brighthouse Financial segment offers a range of products and services, which include variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products. These products and services are marketed through various third party retail distribution channels in the United States. The products offered by the Brighthouse Financial segment include variable annuities, fixed annuities, index-linked annuities and whole life; income annuities, and variable, universal and term life. Fixed income annuities provide a guaranteed monthly income for a specified period of years and/or for the life of the annuitant.

The Company's Corporate & Other contains the surplus portfolios for the enterprise, the portfolios used to fund the capital needs of the Company and various reinsurance agreements. Corporate & Other contains the excess capital, as well as certain charges and activities, not allocated to the segments, including external integration and disposition costs, internal resource costs for associates committed to acquisitions and dispositions, enterprise-wide strategic initiative restructuring charges and various start-up businesses (including expatriate benefits insurance and the investment management business through which the Company offers fee-based investment management services to institutional clients, as well as the direct to consumer portion of the U.S. Direct business). Corporate & Other also includes interest expense related to the majority of the Company's outstanding debt and expenses associated with certain legal proceedings and income tax audit issues. In addition, Corporate & Other includes the elimination of intersegment amounts, which generally relate to affiliated reinsurance and intersegment loans, which bear interest rates commensurate with related borrowings.

1095 Avenue of the Americas

ETFs Holding MetLife Stock

As of March 2020, the following exchange-traded funds (ETF) hold the MetLife stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have MetLife stock holding. There are a total of 164 ETFs in Fknol.com records which are holding MetLife stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
FLAGFLAG-Forensic Accounting Long-Short ETFThe FLAG-Forensic Accounting Long-Short ETF tracks an index that selects long and short equity positions of large-cap U.S. companies relative to their earnings quality and revenue recognition practices. ...Full Details1.61%137
Full List
Quarterly
ACIMSPDR MSCI ACWI IMI ETFThe SPDR MSCI ACWI IMI ETF tracks a market-cap-weighted index of global stocks covering 98% of the capitalization of the developed and emerging markets. ...Full Details0.25%906
Full List
Semi-Annually
ACWIiShares MSCI ACWI ETFThe iShares MSCI ACWI ETF tracks a market-cap-weighted index of large- and midcap global stocks, covering 85% of the developed and emerging markets capitalization. ...Full Details ...Candlestick Patterns.0.32%1596
Full List
Semi-Annually
CATHGlobal X S&P 500 Catholic Values ETFThe Global X S&P 500 Catholic Values ETF tracks an index of US large-cap stocks selected from the S&P 500. The cap-weighted index omits companies from certain industries at odds with Catholic values. ...Full Details0.29%464
Full List
Annually
CLRGIQ Chaikin US Large Cap ETFThe IQ Chaikin US Large Cap ETF tracks an equal-weighted index of large-cap US stocks. Holdings are selected based on a multi-factor model. ...Full Details0.25%66
Full List
Quarterly
CRBNiShares MSCI ACWI Low Carbon Target ETFThe iShares MSCI ACWI Low Carbon Target ETF tracks an index of stocks from global firms selected for a bias toward lower carbon emissions, but with tight constraints to the broad, marketlike ACWI index. ...Full Details0.2%1204
Full List
Semi-Annually
DEWWisdomTree Global Equity Income FundThe WisdomTree Global High Dividend ETF tracks an index of the top 30% of global dividend-paying stocks ranked by dividend yield and weighted by dividends. ...Full Details0.58%660
Full List
Quarterly
DGROiShares Core Dividend Growth ETFThe iShares Core Dividend Growth ETF tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. ...Full Details0.08%449
Full List
Quarterly
DHSWisdomTree US High Dividend FundThe WisdomTree U.S. High Dividend Fund tracks a dividend-weighted index of high-dividend-paying US companies. The index excludes companies with a market cap of less than $200 million. ...Full Details0.38%438
Full List
Monthly
DIVBiShares US Dividend and Buyback ETFThe iShares US Dividend and Buyback ETF tracks an index of large-, mid-, and small-cap US stocks that have a history of dividend payments and/or share buybacks. ...Full Details0.25%354
Full List
Annually

See Full List of ETFs holding MetLife stock in their respective portfolios.

Peer / Competitor Companies of Life Insurance Sector

Along with MetLife Inc., the following other peer (competitor) companies also exist within the same Life Insurance - Finance sector whose company profile and dividend history is as follows:

▶ Aegon NV (AEG): Aegon N.V., incorporated in 1983, is an international life insurance, pensions and asset management company. The Companys segments include the Americas, which includes the United States, Mexico and Brazil; the ....See Detailed Company Profile,  Dividend History

▶ American Equity Investment Life Holding (AEL): American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and si....See Detailed Company Profile,  Dividend History

▶ American National Insurance (ANAT): American National Insurance Company is engaged in life insurance, annuities, and property and casualty insurance. The Company also offers limited health insurance. The Company provides personalized service to approximately six ....See Detailed Company Profile,  Dividend History

▶ Athene Holding (ATH): Athene Holding Ltd. is an insurance holding company. The Companys segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue ....See Detailed Company Profile,  Dividend History

▶ Atlantic American (AAME): Atlantic American Corporation, incorporated on January 4, 1968, is a holding company that operates through its subsidiaries in specialty markets within the life and health, and property and casualty insurance ....See Detailed Company Profile,  Dividend History

▶ China Life Insurance (LFC): China Life Insurance Company Limited, incorporated on June 30, 2003, is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health ....See Detailed Company Profile,  Dividend History

▶ Citizens (CIA): Citizens, Inc. (Citizens), incorporated on November 8, 1977, is an insurance holding company. The Company operates in three business segments: Life Insurance, Home Service and Other Non-Insurance Enterprises. The Companys ....See Detailed Company Profile,  Dividend History

▶ FBL Financial (FFG): FBL Financial Group, Inc., incorporated on October 13, 1993, sells individual life insurance and annuity products principally under the consumer brand name of Farm Bureau Financial Services. The Companys segments ....See Detailed Company Profile,  Dividend History

▶ Genworth Financial (GNW): Genworth Financial, Inc., incorporated on December 5, 2012, provides mortgage insurance products that allow people to purchase homes. The Company offers individual and group long-term care insurance products to meet ....See Detailed Company Profile,  Dividend History

▶ GWG (GWGH): GWG Holdings, Inc. operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the ....See Detailed Company Profile,  Dividend History

▶ Independence Holding (IHC): Independence Holding Company (IHC), incorporated on April 23, 1980, is a holding company principally engaged in the life and health insurance business. The Companys segments include Medical Stop-Loss; Fully Insured ....See Detailed Company Profile,  Dividend History

▶ Lincoln National (LNC): Lincoln National Corporation, incorporated on January 5, 1968, is a holding company, which operates insurance and retirement businesses through its subsidiary companies. The Company operates in four segments: Annuities, Retirement ....See Detailed Company Profile,  Dividend History

▶ Manulife Financial (MFC): Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the....See Detailed Company Profile,  Dividend History

▶ National Security (NSEC): The National Security Group, Inc. (NSG), incorporated on March 20, 1990, is an insurance holding company. The Company, through its subsidiaries, operates through two segments: property and casualty insurance, and ....See Detailed Company Profile,  Dividend History

▶ National Western Life (NWLI): National Western Life Group, Inc., incorporated on March 6, 2015, is a stock life insurance company. The Companys segments include Domestic Life Insurance, International Life Insurance, Annuities and All Others. ....See Detailed Company Profile,  Dividend History

▶ Primerica (PRI): Primerica Inc. (Primerica), incorporated on October 26, 2009, is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term ....See Detailed Company Profile,  Dividend History

▶ Prudential Financial (PRU): Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, offers a range of financial products and services, which includes life insurance, ....See Detailed Company Profile,  Dividend History

▶ Prudential Financial (PJH): Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, offers a range of financial products and services, which includes life insurance, ....See Detailed Company Profile,  Dividend History

▶ Prudential Financial (PRH): Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, offers a range of financial products and services, which includes life insurance, ....See Detailed Company Profile,  Dividend History

▶ Prudential Public (PUK): Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Life Insurance Sector.

Stock List of Other Finance Sub-sectors

▶ Stocks of Accident and Health Insurance Sector

▶ Stocks of Application Software Sector

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▶ Stocks of Mortgage REITs Sector

▶ Stocks of Property & Casualty Insurance Sector

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▶ Stocks of Rental & Leasing Services Sector

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▶ Stocks of Savings Institutions Sector

▶ Stocks of Shell Companies Sector

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