Archive

MetLife's revenues and earnings fall at full-year 2023

Net income dropped by 73% on derivative and investment losses

MetLife's CRO gains investment role

MetLife reinsures $19.2bn of annuities with Global Atlantic

MetLife global chief actuary becomes Lincoln Financial CRO

Andrew Rallis had been MetLife chief actuary since 2012

Record-breaking year for US PRT market in 2022

Growth was driven by nine individual transactions near or over the $1bn mark

Most US insurers benefiting from LDTI transition

New accounting standard will smooth earnings volatility and increase transparency

Plan sponsors being driven to PRTs by higher inflation, MetLife finds

Macro concerns are prompting pension funds to push to de-risk

Prudential and MetLife seal $16bn IBM pension risk transfer deal

Second biggest PRT in US history

MetLife promotes Ben Cushman to lead global regulatory policy

MetLife mulling sale of US variable annuity book

US insurers have been exiting variable annuities in a bid to escape low-rate trap