Sector: Financials | Focus: Life & Health Insurance
HQ: New York City, New York
Financial Risks
MetLife faces risks from global economic conditions, including interest rate fluctuations, credit market adversity, and potential defaults by obligors and counterparties. Litigation, regulatory changes, and unsuccessful sustainability efforts pose further risks. Investment impairments, including allowance for credit loss adjustments, are also a concern. The company's large investment portfolio and insurance liabilities are sensitive to market changes. The outcome of pending legal proceedings is uncertain and could result in material losses. Asbestos-related claims and other legal actions are significant risks.
Financial Upside
MetLife's net income available to common shareholders increased substantially in both the three-month and nine-month periods of 2024 compared to 2023. Favorable investment gains, including those from sales of real estate and fixed maturity securities, and derivative gains, contributed to this increase. Strong sales and persistency in certain segments, particularly Latin America, also represent potential upside. The company's diversified investment portfolio and global presence offer opportunities for growth.
