MetLife Weighs Private Credit M&A to Bolster Earnings Growth

Yahoo Finance02:47

Top Stock Movers Now: Adobe, MetLife, Oxford Industries, and More

Yahoo Finance01:40

Sector Update: Financial Stocks Lean Lower Premarket Thursday

MT NewswiresDec 12 22:15

MetLife (MET.US) aims for double-digit growth in adjusted earnings per share over the next five years.

According to a report by Reuters, Michel Khalaf, the CEO of MetLife (MET.US), stated that the goal is to achieve double-digit adjusted earnings per share growth in the next five years by increasing investments in core areas such as group benefits and asset management. Khalaf mentioned that the new five-year strategy plan aims not only for earnings per share growth but also for an adjusted return on equity of 15% to 17% and a reduction of direct expense ratio by one percentage point. To achieve these goals, MetLife is prioritizing the development of four existing business areas, including developing the department that provides group benefits insurance to employers, as well as in Latin America.

AASTOCKSDec 12 21:53

Sector Update: Financial

MT NewswiresDec 12 21:52

MetLife Targets Adjusted ROE of 15%-17% in New Long-term Plan

Seeking AlphaDec 12 20:45