U.S. insurer MetLife said on Monday it has agreed to buy PineBridge Investments, a global asset manager, from Pacific Century Group in a deal valued at up to $1.2 billion.
WHIPPANY, N.J.--(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that it has reached a definitive agreement to acquire PineBridge Investments (PineBridge), a global asset manager with approximately $100 billion in assets under management,1 from the Pacific Century Group. The transaction is comprised o...
MetLife (MET) shares rose 5% Thursday when the insurance provider announced a new strategic plan to "accelerate growth across global platform while delivering attractive returns and all-weather performance."
MetLife is aiming for double-digit growth in its adjusted earnings per share over the next five years by doubling down on investments in core areas such as group benefits and asset management, its chief executive told Reuters.
NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET), one of the world's leading financial services companies, will host its previously announced Investor Day in New York City today. At the Investor Day, MetLife senior executives and other senior leaders will introduce the company's powerful five-year growth strategy, New Frontier, that is designed to support consistent delivery of: Double-digi...
MetLife and General Atlantic are forming a reinsurance venture, the companies' executives told Reuters on Wednesday, the latest in a growing trend of insurers and alternative money managers teaming up to boost returns from low-risk insurance assets.
WHIPPANY, N.J.--(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced it has been named a “2024 Best Place to Work in Money Management” by Pensions & Investments. This marks MIM's fourth consecutive year on the list. “We are proud to receive this recognition, which reflects our purpose-driven culture and w...
NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) will hold an Investor Day in New York City on Thursday, December 12, 2024, at 8:30 a.m. (ET), where members of MetLife's executive leadership team and other senior leaders will present the company's New Frontier strategy. The Investor Day and accompanying presentation materials will include statements relating to the company's business, opera...
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