MetLife

Parker Health Announces the Appointment of Dr. Tushar Hazra as Chief Technology Officer, and Other Key Executive Personnel

Retrieved on: 
Wednesday, December 6, 2023

Parker Health, Inc, a prominent biotech company, is delighted to introduce Dr. Tushar Hazra as its new Chief Technology Officer (CTO), leveraging his extensive expertise in digital technology within healthcare informatics, electronic health records, artificial intelligence, and data governance.

Key Points: 
  • Parker Health, Inc, a prominent biotech company, is delighted to introduce Dr. Tushar Hazra as its new Chief Technology Officer (CTO), leveraging his extensive expertise in digital technology within healthcare informatics, electronic health records, artificial intelligence, and data governance.
  • Dr. Hazra joins Parker Health with an impressive background of 20+ years of expertise leading $500M+ dollars in digital transformation initiatives.
  • Additionally, we are pleased to welcome Michael Forde, Director of Public Health Innovation, and Clayton Tuckett, Director of Clinical Care Innovation.
  • "We are thrilled to welcome Dr. Hazra, Mr. Forde, and Mr. Tuckett to the Parker Health family.

MetLife Foundation Announces Recipients of Its $10 Million Fund Aimed at Addressing the Income and Wealth Divide

Retrieved on: 
Tuesday, December 5, 2023

MetLife Foundation today announced the 24 non-profit recipients of its two-year, $10 million Accelerating Commitment to Equity Innovation Fund (ACE Innovation Fund).

Key Points: 
  • MetLife Foundation today announced the 24 non-profit recipients of its two-year, $10 million Accelerating Commitment to Equity Innovation Fund (ACE Innovation Fund).
  • The fund aims to democratize access to capital for non-profit organizations addressing income and wealth inequality in communities that have been historically and systemically disinvested.
  • Each non-profit recipient was awarded a $250,000 grant to implement or accelerate their proposal.
  • For more information on MetLife Foundation and the ACE Innovation Fund, visit www.MetLife.org .

Amid Continued Economic Uncertainty, Demonstrating Employee Care Is Key for Small Business Owners, Research Shows

Retrieved on: 
Wednesday, November 29, 2023

Employee Benefit Trends Study 2023 , financial health of small business employees has decreased 10% year over year – 1.5 times the rate experienced by employees at larger organizations – all while the costs of running a small business increase and competition becomes fiercer.

Key Points: 
  • Employee Benefit Trends Study 2023 , financial health of small business employees has decreased 10% year over year – 1.5 times the rate experienced by employees at larger organizations – all while the costs of running a small business increase and competition becomes fiercer.
  • MetLife’s research shows that small business owners can make manageable investments into employee care that can make a big difference – both for individual employees and for the business as a whole.
  • On the business side, the MetLife and U.S. Chamber of Commerce Small Business Index for Q3’23 found that a majority (52%) of small businesses say inflation is their largest challenge.
  • As small business employees report being 7% less satisfied with their job than workers at larger organizations – a more than threefold increase since 2022 – it’s clear that demonstrating care is essential for small business owners hoping to safeguard their talent.

Allstate Elects Maria Morris to Board of Directors

Retrieved on: 
Tuesday, November 21, 2023

The Allstate Corporation (NYSE: ALL) announced that Maria Morris, 61, former Executive Vice President, Global Employee Benefits, MetLife (NYSE: MET), has been elected to Allstate’s board of directors, effective January 2, 2024.

Key Points: 
  • The Allstate Corporation (NYSE: ALL) announced that Maria Morris, 61, former Executive Vice President, Global Employee Benefits, MetLife (NYSE: MET), has been elected to Allstate’s board of directors, effective January 2, 2024.
  • “Maria’s board experience in financial services and risk management adds yet another dimension to an exceptional board,” added Allstate Lead Director Gregg Sherrill.
  • “Allstate is a highly trusted brand in a critical industry and a company known for forward-thinking leaders and an experienced board,” said Morris.
  • She is the National Board chair of All Stars Project, and on the boards of Catholic Charities of New York and Helen Keller International.

MetLife Recognized by Seramount for Its Workplace Culture and Inclusion Efforts

Retrieved on: 
Tuesday, November 21, 2023

A range of MetLife’s DEI-focused programs, leadership accountability and practices were evaluated by Seramount to determine its inclusion on indexes and lists.

Key Points: 
  • A range of MetLife’s DEI-focused programs, leadership accountability and practices were evaluated by Seramount to determine its inclusion on indexes and lists.
  • Placement on each Global Inclusion Index was determined by the company’s efforts and commitment to demographics, best practices in recruitment, retention, and advancement, and company culture.
  • To earn a place on the Inclusion Index, MetLife was recognized for its efforts in and commitment to best practices in recruitment, retention, and advancement, company culture, and demographics/transparency.
  • Best Companies for Multicultural Women: For the 6th year, MetLife has been recognized for its efforts to promote an inclusive workplace.

MetLife CEO Michel Khalaf and CFO John McCallion to Speak at the Goldman Sachs 2023 US Financial Services Conference

Retrieved on: 
Thursday, November 16, 2023

MetLife, Inc. (NYSE: MET) today announced that Michel Khalaf, president and chief executive officer, and John McCallion, executive vice president and chief financial officer, MetLife, Inc., and head of MetLife Investment Management, will participate in a fireside chat at the Goldman Sachs 2023 U.S. Financial Services Conference on Tuesday, December 5, 2023, beginning at approximately 8:40 a.m. (ET).

Key Points: 
  • MetLife, Inc. (NYSE: MET) today announced that Michel Khalaf, president and chief executive officer, and John McCallion, executive vice president and chief financial officer, MetLife, Inc., and head of MetLife Investment Management, will participate in a fireside chat at the Goldman Sachs 2023 U.S. Financial Services Conference on Tuesday, December 5, 2023, beginning at approximately 8:40 a.m. (ET).
  • A live webcast of the presentation will be available over the internet at https://cc.webcasts.com/gold006/120523a_js/?entity=17_FE6C08E .
  • Those who want to listen should go to the website at least 15 minutes prior to the presentation to download and install any necessary software.
  • A replay of the presentation will be available approximately two hours after the event concludes and will remain available until Tuesday, December 12, 2023 at 11:59 p.m. (ET) at the same website.

Global Atlantic closes $19 billion reinsurance agreement with MetLife

Retrieved on: 
Thursday, November 16, 2023

Global Atlantic Financial Group (“Global Atlantic”) , a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced it has closed a previously announced reinsurance agreement with MetLife, Inc. (NYSE: MET).

Key Points: 
  • Global Atlantic Financial Group (“Global Atlantic”) , a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced it has closed a previously announced reinsurance agreement with MetLife, Inc. (NYSE: MET).
  • Under the terms of the agreement, MetLife transferred general account assets for the block to Global Atlantic subsidiaries First Allmerica Financial Life Insurance Company and Commonwealth Annuity and Life Insurance Company.
  • With this deal, Global Atlantic further advances its position as a reinsurer of choice in the annuity and life insurance marketplace.
  • In all, Global Atlantic has partnered with over 25 clients on nearly 40 transactions, reinsuring more than $110 billion of assets since inception.

MetLife Completes Risk Transfer Transaction With Global Atlantic Financial Group

Retrieved on: 
Thursday, November 16, 2023

MetLife, Inc. (NYSE: MET) today announced it has completed its risk transfer transaction with Global Atlantic Financial Group, a retirement and life insurance company.

Key Points: 
  • MetLife, Inc. (NYSE: MET) today announced it has completed its risk transfer transaction with Global Atlantic Financial Group, a retirement and life insurance company.
  • The transaction accelerates the run-off of MetLife Holdings, the company’s closed-block businesses of its former U.S. Retail segment, representing approximately $19 billion of statutory reserves.
  • MetLife Investment Management will also manage a significant amount of the assets under a five-year investment management agreement.
  • Many factors determine the results of MetLife, Inc., its subsidiaries and affiliates, and they involve unpredictable risks and uncertainties.

MetLife Declares Fourth Quarter 2023 Preferred Stock Dividends

Retrieved on: 
Wednesday, November 15, 2023

MetLife, Inc. (NYSE: MET) today announced that it has declared the following preferred stock dividends:

Key Points: 
  • MetLife, Inc. (NYSE: MET) today announced that it has declared the following preferred stock dividends:
    Quarterly dividend of $0.42157266 per share on the company’s floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share (NYSE: MET PRA).
  • Quarterly dividend of $351.5625 per share on the company’s 5.625% non-cumulative preferred stock, Series E, with a liquidation preference of $25,000 per share, represented by depositary shares each representing 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.3515625 per depositary share (NYSE: MET PRE).
  • Quarterly dividend of $296.875 per share on the company’s 4.75% non-cumulative preferred stock, Series F, with a liquidation preference of $25,000 per share, represented by depositary shares each representing 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.296875 per depositary share (NYSE: MET PRF).
  • The above dividends will be payable Dec. 15, 2023, to shareholders of record as of Nov. 30, 2023.

MetLife and MetLife Foundation Make a $30 Million Multi-Year Commitment to Support Upstate New York

Retrieved on: 
Tuesday, November 14, 2023

MetLife, Inc. (NYSE: MET) and MetLife Foundation today announced a $30 million multi-year commitment to support Upstate New York, which includes pledges of $5 million in funding and impact investments by the Foundation and $25 million in impact investments by MetLife.

Key Points: 
  • MetLife, Inc. (NYSE: MET) and MetLife Foundation today announced a $30 million multi-year commitment to support Upstate New York, which includes pledges of $5 million in funding and impact investments by the Foundation and $25 million in impact investments by MetLife.
  • As part of this commitment, MetLife Foundation has made an impact investment of $1 million to Launch NY to promote entrepreneurship.
  • “I’m committed to lifting up every community in New York and helping people grow and thrive,” Governor Kathy Hochul said.
  • With MetLife employees living and working in the Utica area, the commitment by MetLife and the Foundation will provide ongoing support to the community and residents.