The “systematically important” global insurer (and one of the largest institutional investors in the U.S. with a $518 billion portfolio) has had a mixed year with a stock price chart to match. During the year the company announced that it would spin off its Brighthouse Financial business, which sells life insurance and annuities to individuals, leaving MetLife to focus on U.S. employee benefits and overseas businesses. The move would give the parent company a cash infusion and distance it from trouble at the unit, which have been exacerbated by low interest rates.
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News about MetLife
The country's biggest life insurer was designated "too big to fail" in 2014.
It says their process is flawed.
Will pull two-thirds of its investments.