Latest news with #JohnMcCallion
Yahoo
3 days ago
- Business
- Yahoo
MetLife CEO Michel Khalaf and CFO John McCallion to Speak at the 2025 Keefe, Bruyette & Woods Insurance Conference
NEW YORK, August 13, 2025--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that Michel Khalaf, president and chief executive officer, and John McCallion, executive vice president and chief financial officer, and head of MetLife Investment Management, will participate in a fireside chat at the 2025 Keefe, Bruyette & Woods Annual Insurance Conference on Wednesday, Sept. 3, 2025, from 10:05 a.m. to 10:45 a.m. (ET). A live audio webcast of the presentation will be available at 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 until Wednesday, Sept. 10, 2025, at 11:59 p.m. (ET) at the same website beginning shortly after the presentation concludes. About MetLife MetLife, Inc. (NYSE: 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 individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit View source version on Contacts For Media:Jane For Investors: John
Business Wire
3 days ago
- Business
- Business Wire
MetLife CEO Michel Khalaf and CFO John McCallion to Speak at the 2025 Keefe, Bruyette & Woods Insurance Conference
NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that Michel Khalaf, president and chief executive officer, and John McCallion, executive vice president and chief financial officer, and head of MetLife Investment Management, will participate in a fireside chat at the 2025 Keefe, Bruyette & Woods Annual Insurance Conference on Wednesday, Sept. 3, 2025, from 10:05 a.m. to 10:45 a.m. (ET). A live audio webcast of the presentation will be available at 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 until Wednesday, Sept. 10, 2025, at 11:59 p.m. (ET) at the same website beginning shortly after the presentation concludes. About MetLife MetLife, Inc. (NYSE: 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 individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit
Yahoo
06-08-2025
- Business
- Yahoo
MetLife CFO John McCallion Provides Second Quarter 2025 Financial Update Video
NEW YORK, August 06, 2025--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced that John McCallion, executive vice president and chief financial officer, and head of MetLife Investment Management, has provided a second quarter 2025 financial update video. The video can be viewed on the company's website at About MetLife MetLife, Inc. (NYSE: 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 individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit Forward-Looking Statements 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 and do not relate strictly to historical or current facts. They use words and terms such as "consistent," "continue," "growth," "long-term," "maintains," "momentum," "remain," "sustainable," and "target," and other words and terms of similar meaning, or that are otherwise tied to future periods or future performance, in each case in all derivative forms. They include statements relating to strategy, goals and expectations concerning our market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources and other financial and operating information. By their nature, forward-looking statements: speak only as of the date they are made; are not statements of historical fact or guarantees of future performance; and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Many factors determine the results of MetLife, Inc., its subsidiaries and affiliates, and they involve unpredictable risks and uncertainties. Our forward-looking statements depend on our assumptions, our expectations, and our understanding of the economic environment, but they may be inaccurate and may change. MetLife, Inc. does not guarantee any future performance. Our results could differ materially from those MetLife, Inc. expresses or implies in forward-looking statements. The risks, uncertainties and other factors identified in MetLife, Inc.'s filings with the U.S. Securities and Exchange Commission, and others, may cause such differences. These factors include: economic condition difficulties, including risks relating to interest rates, the effects of announced or future tariff increases on the global economy, credit spreads, declining equity or debt markets, real estate, obligors and counterparties, government default, currency exchange rates, derivatives, climate change, public health and terrorism and security; global capital and credit market adversity; credit facility inaccessibility; financial strength or credit ratings downgrades; unavailability, unaffordability, or inadequate reinsurance, including reinsurance risks that arise from reinsurers' credit risk, and the potential shortfall or failure of risk mitigants to protect against such risks; statutory life insurance reserve financing costs or limited market capacity; legal, regulatory, and supervisory and enforcement policy changes; changes in tax rates, tax laws or interpretations; litigation and regulatory investigations; unsuccessful efforts to meet all environmental, social, and governance standards or to enhance our sustainability; MetLife, Inc.'s inability to pay dividends and repurchase common stock; MetLife, Inc.'s subsidiaries' inability to pay dividends to MetLife, Inc.; investment defaults, downgrades, or volatility; investment sales or lending difficulties; collateral or derivative-related payments; investment valuations, allowances or impairments changes; claims or other results that differ from our estimates, assumptions, or models; global political, legal, or operational risks; business competition; technological changes; catastrophes; climate changes or responses to it; deficiencies in our closed block; goodwill or other asset impairment, or deferred income tax asset allowance; impairment of value of business acquired, value of distribution agreements acquired or value of customer relationships acquired; product guarantee volatility, costs, and counterparty risks; risk management failures; insufficient protection from operational risks; failure to protect confidentiality, integrity or availability of systems or data or other cybersecurity or disaster recovery failures; accounting standards changes; excessive risk-taking; marketing and distribution difficulties; pension and other postretirement benefit assumption changes; inability to protect our intellectual property or avoid infringement claims; acquisition, integration, growth, disposition, or reorganization difficulties; Brighthouse Financial, Inc. separation risks; MetLife, Inc.'s Board of Directors influence over the outcome of stockholder votes through the voting provisions of the MetLife Policyholder Trust; and legal- and corporate governance-related effects on business combinations. MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if MetLife, Inc. later becomes aware that such statement is not likely to be achieved. Please consult any further disclosures MetLife, Inc. makes on related subjects in subsequent reports to the U.S. Securities and Exchange Commission. View source version on Contacts For Media: Jane For Investors: John Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-08-2025
- Business
- Yahoo
MetLife appoints new chief accounting officer
MetLife has appointed Adrienne O'Neill as its new executive vice-president and chief accounting officer (CAO), effective 2 September. O'Neill will oversee the company's accounting operations including corporate accounting, reporting activities, and financial planning and analysis. She will be tasked with the dissemination of the company's financial statements in accordance with established standards and regulations, the insurer said. She will report to John McCallion, MetLife executive vice-president, chief financial officer (CFO) and head of MetLife Investment Management. McCallion said: 'We are excited to bring on board Adrienne's deep expertise in accounting, financial planning and financial reporting, as well as her proven and broad leadership experience across an array of finance functions. 'She will be a critical partner in evaluating the current financial landscape and helping our leadership team to anticipate what is next, enabling the successful execution of our New Frontier strategy.' Prior to her new role at MetLife, O'Neill's career included a series of financial positions at Manulife Financial Corporation. Her 18-year tenure at Manulife included roles such as CFO for Asia, global controller and group CAO, and global head of investor relations. O'Neill steps into the position previously filled on an interim basis by Toby Srihiran Brown since March 2025. Brown will resume his role as executive vice-president and global head of reinsurance. O'Neill said: 'I am thrilled to be joining MetLife at such an exciting time in the execution of its strategy and look forward to partnering across the leadership team to continue to drive excellence in the finance function and further enable the company's long-term growth.' Recently, MetLife and General Atlantic launched Chariot Reinsurance, a Bermuda-based Class E life and annuity reinsurance company. "MetLife appoints new chief accounting officer " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
02-05-2025
- Business
- Yahoo
MetLife Inc (MET) Q1 2025 Earnings Call Highlights: Strong Earnings Growth Amid Regional Challenges
Adjusted Earnings: $1.3 billion or $1.96 per share, up 7% from the same period a year ago. Adjusted Return on Equity: 14.4% for the first quarter. Direct Expense Ratio: 12% for the first quarter. Group Benefits Adjusted Earnings: $367 million, up 29% from the prior year period. Retirement and Income Solutions Adjusted Earnings: $401 million in the quarter. Asia Adjusted Earnings: $374 million, down 12% from the same period a year ago. Latin America Adjusted Earnings: $218 million, down 6% from the year-ago period. Capital Returned to Shareholders: $1.8 billion through common stock dividends and share repurchases. New Share Repurchase Authorization: $3 billion, with total board authorization at $3.4 billion. Cash and Liquid Assets: $4.5 billion at holding companies, above the target cash buffer of $3 billion to $4 billion. US Statutory Adjusted Capital: Approximately $16.4 billion as of March 31, 2025. Japan Solvency Margin Ratio: Expected to be approximately 725% as of March 31. Warning! GuruFocus has detected 7 Warning Signs with INN. Release Date: May 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. MetLife Inc (NYSE:MET) reported adjusted earnings of $1.3 billion or $1.96 per share, up 7% from the same period a year ago. The company saw favorable underwriting, good volume growth, and better variable investment income in the quarter. MetLife Inc (NYSE:MET) announced a significant risk transfer deal with Talcott Resolution Life Insurance Company to reinsure approximately $10 billion of US retail variable annuity and rider reserves. The company returned around $1.8 billion to shareholders through common stock dividends and share repurchases in the first quarter. MetLife Inc (NYSE:MET) has been named among the 100 best companies to work for by Fortune for the third year in a row. Adjusted earnings in Asia were down 12% over the same period a year ago due to lower underwriting margins and higher taxes. Latin America adjusted earnings were down 6% from the year-ago period, impacted by foreign exchange rates. The company experienced a decline in spreads in the RIS business due to lower rates and a flatter curve than expected. MetLife Holdings adjusted earnings were down 3% due to the runoff of the business. The company faced challenges in the current environment, making it difficult to predict private equity returns. Q: Can you explain the decline in spreads in the Retirement and Income Solutions (RIS) business and whether this trend will continue? A: John McCallion, Executive Vice President and CFO, explained that the decline in spreads was due to the roll-off of interest rate caps and unexpected paydowns in higher-yielding structured securities. Despite these challenges, growth in liability balances exceeded expectations, and spreads are expected to stabilize in the second quarter. Q: How is the current economic environment affecting MetLife's capital management and expense strategy? A: Michel Khalaf, President and CEO, stated that while the possibility of a recession has increased, MetLife's strategy remains unchanged. The company continues to focus on executing its strategic pillars and managing discretionary expenses, while maintaining confidence in its financial standing and capital management actions. Q: Can you provide details on the risk transfer deal with Talcott Resolution Life Insurance Company? A: Ramy Tadros, Regional President, U.S. Business, explained that the deal involves reinsuring approximately $10 billion of US retail variable annuity and rider reserves. This transaction aligns with MetLife's strategy to reduce tail risk and capital requirements, while the economic value received was in line with expectations. Q: What is the outlook for MetLife's group benefits business, particularly in terms of premium growth? A: Ramy Tadros noted that the reported 2% growth was impacted by favorable mortality in participating contracts and dental rate actions. Excluding these factors, underlying growth was about 4%. The company expects full-year growth to align with its 4% to 7% guidance, with no change to the earnings outlook. Q: How is MetLife's Asia business performing, and what are the expectations for sales growth? A: Lyndon Oliver, Regional President, Asia, reported a strong start to the year with a 10% increase in sales across the region. Japan showed sequential growth, and a new product launch in the bank channel is expected to sustain momentum. Sales in other Asian markets, particularly China and Korea, were also robust. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
