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INX:MET, May 20, 11:23 UTC

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Wednesday, May 16


News

MetLife Names Bill O’Donnell as U.S. Chief Financial Officer

MET

MetLife names Bill O'Donnell as U.S. CFO. May 16 (Reuters) - Insurer MetLife Inc on Monday named Bill O'Donnell as executive vice president and chief financial officer for the United States. O'Donnell currently serves as executive vice president and chief accounting officer (CAO) and will replace Marlene Debel. Until a new CAO is named, Heather Bertellotti Phelps will serve as interim U.S. CFO, while continuing in her role as senior vice president and CFO for group benefits. (Reporting by Parikshit Mishra in Bengaluru; Editing by Shounak Dasgupta). What to read next.

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  • Financial
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News

MetLife Launches PlanSmart® Financial Wellness

MET

Employee Benefit Trends Study (EBTS), released last month, found about half of employees, 46%, feel overwhelmed by financial decisions,” says Meredith Ryan-Reid, senior vice president, Group Benefits, MetLife. Building on MetLife’s PlanSmart workplace financial education program, which has offered workshops and one-on-one consultations for more than 20 years, PlanSmart Financial Wellness offers employees an integrated, multi-channel experience, giving them the opportunity to engage in the way that makes most sense to them, including:. Intuitive digital experience: Powered by EY technology, the PlanSmart Financial Wellness website helps employees create a financial wellness plan, based on their financial needs and goals. “MetLife has been in the business of improving employees’ financial health for over 100 years, and our expertise in understanding employee needs uniquely positions us to guide employers and employees as they begin to focus on to financial wellness.”.

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  • Financial
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Tuesday, May 15


News

MetLife Declares Second Quarter 2018 Preferred Stock Dividends

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MetLife, Inc. (MET) today announced that it has declared a quarterly dividend of $0.25555555 per share on the company’s floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share (NYSE:METPrA). MetLife, Inc. (MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. This news release may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. In particular, these include statements relating to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, trends in operations and financial results.

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  • Business
  • Financial

Friday, May 11


News

The Zacks Analyst Blog Highlights: Schwab, NextEra, MetLife, Anadarko Petroleum and Williams Partners

MET SCHW +2 more MET SCHW APC NEE

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Schwab SCHW, NextEra NEE, MetLife MET, Anadarko Petroleum APC and Williams Partners WPZ. The Zacks analyst thinks the company remains well positioned to gain from the rising rate environment and its initiatives to strengthen trading income. The Zacks analyst thinks NextEra Energy’s investment to strengthen its infrastructure and ongoing capital projects, when completed, will help it serve its expanding customer base more efficiently.

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  • Financial

Thursday, May 10


News

Top Research Reports for Schwab, NextEra & MetLife - May 10, 2018

MET SCHW +1 more MET SCHW NEE

Today's Research Daily features new research reports on 16 major stocks, including Schwab (SCHW), NextEra (NEE) and MetLife (MET). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. The Zacks analyst thinks the company remains well positioned to gain from the rising rate environment and its initiatives to strengthen trading income. The Zacks analyst thinks NextEra Energy’s investment to strengthen its infrastructure and ongoing capital projects, when completed, will help it serve its expanding customer base more efficiently.

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News

MetLife selects eight finalists for open innovation programme, collab 3.0 EMEA

MET

Run by LumenLab, MetLife Asia’s Singapore-based innovation center, in collaboration with MetLife’s Europe, Middle East and Africa (EMEA) region, the programme invites insurtech innovators to compete for a USD 100,000 contract with MetLife to develop new solutions across the insurance value chain in areas including customer engagement, sales, and operations. The winner will get to pilot their solution with MetLife in EMEA. Since launching in March, collab 3.0 EMEA has attracted a record number of applications - 148 from 32 countries around the world. To help the finalists develop their solutions and enhance their understanding of MetLife’s business, they will be paired with “employee champions” who will provide tailored mentoring, underscoring the company’s commitment to talent development and promoting a culture of innovation. DataRobot (United States) offers an automated machine-learning platform and services that help enterprises make accurate predictions from big data and draw actionable insight in a fraction of the time required by conventional data science tools and methods.

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Wednesday, May 09


News

FedEx to Shift $6 Billion in Pension Obligations to MetLife

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The deal covers the pension benefits of 41,000 retirees and beneficiaries who currently receive a monthly payout and meet certain conditions, the courier said in a statement May 8. FedEx is joining other employers in stepping up efforts to shed pension risks as the retirement plans become increasingly expensive to offer because of low interest rates and higher fees paid to a government agency that backstops benefits. Prudential Financial Inc. has taken on obligations from companies including General Motors Co. and Verizon Communications Inc. “The change is an important part of our strategy to reduce administrative expenses and ensure the long-term sustainability of the pension plans,” FedEx said in an e-mail response to questions. FedEx is buying a group annuity contract from MetLife, and the transaction is expected to close May 10.

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  • Financial

Tuesday, May 08


News

MetLife to provide pension benefits to 41,000 FedEx retirees through annuity

MET

MetLife to provide pension benefits to 41,000 FedEx retirees through annuity. (Reuters) - MetLife Inc <MET.N> has entered into an agreement to provide pension benefits for about 41,000 FedEx Corp <FDX.N> retirees and beneficiaries, through a group annuity, the insurer said on Tuesday. The FedEx group annuity deal, which MetLife expects will close on May 10, includes about $6 billion in pension obligations, the insurer said. What to read next.

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News

MetLife to Provide Pension Benefits to Approximately 41,000 FedEx Retirees and Beneficiaries

MET

Metropolitan Life Insurance Company (Metropolitan Life) announced today that it has entered into an agreement with FedEx Corporation (FedEx) to provide annuity benefits to approximately 41,000 retirees and beneficiaries in the FedEx defined benefit pension plans, representing pension obligations of approximately $6 billion. This is the largest U.S. pension transaction by premium in the last five years and continues the market trend of more plan sponsors choosing to transfer their pension obligations to insurance companies. MetLife, Inc. (MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Note to editors: Metropolitan Life Insurance Company (Metropolitan Life) is a subsidiary of MetLife, Inc. View source version on businesswire.com: https://www.businesswire.com/news/home/20180508006716/en/. What to read next.

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News

FedEx to Transfer $6 Billion in Pension Obligations to MetLife

MET FDX

FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. The deal covers the pension benefits of 41,000 retirees and beneficiaries who currently receive a monthly payout and meet certain conditions, the courier said in a statement Tuesday. Benefits won’t change, FedEx said, without disclosing the cost of the transaction.

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Topics:
  • Business
  • Financial