MetLife to Provide Annuity Benefits to a Portion of 3M Retirees and Beneficiaries [Yahoo! Finance]
MetLife, Inc. (MET)
Last metlife, inc. earnings: 2/5 04:15 pm
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Source: Yahoo! Finance
NEW YORK, June 13, 2024 BUSINESS WIRE )--MetLife, Inc. (MetLife) announced today that its subsidiary, Metropolitan Tower Life Insurance Company, has entered into an agreement with 3M to provide annuity benefits to approximately 23,000 retirees and beneficiaries in the 3M Employee Retirement Income Plan (Plan), the company's U.S. defined benefit (DB) pension plan, representing pension obligations of approximately $2.5 billion. "MetLife is pleased we were entrusted to provide guaranteed lifetime income to 3M retirees, as well as benefits to the retirees' spouses and beneficiaries," says Melissa Moore, senior vice president and head of Annuities at MetLife. "MetLife helped pave the way for today's pension risk transfer market more than 100 years ago and continues to be firmly committed to this business, leveraging our expertise at managing risk across a wide range of economic scenarios to remain an industry leader." A group annuity contract was purchased from Metropolitan Tower Life
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News
- MetLife Publishes Annual Sustainability Report Highlighting Efforts to Build More Confident Futures for Its StakeholdersBusiness Wire
- MetLife Worldwide Benefits and GeoBlue® to Offer Joint Solution [Yahoo! Finance]Yahoo! Finance
- MetLife Worldwide Benefits and GeoBlue® to Offer Joint SolutionBusiness Wire
- MetLife Publishes Annual Sustainability Report Highlighting Efforts to Build More Confident Futures for Its Stakeholders [Yahoo! Finance]Yahoo! Finance
- MetLife Publishes Annual Sustainability Report Highlighting Efforts to Build More Confident Futures for Its StakeholdersBusiness Wire
MET
Earnings
- 5/1/24 - In-Line
MET
Sec Filings
- 6/24/24 - Form 8-K
- 6/21/24 - Form 144
- 6/21/24 - Form 144
- MET's page on the SEC website