MetLife Weighs Private Credit M&A to Bolster Earnings Growth

Bloomberg12-13

(Bloomberg) -- MetLife Inc. would consider complementary acquisitions in private credit as part of the company’s new strategic plan, according to Chief Financial Officer John McCallion. “Our pre-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491735596?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/OEwLDr5hgGgUqsXwVDAZTQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/9005ecc9c79b9e5db75d4b1599994653","is_english":true,"pubTime":"2024-12-13 02:47","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2491735596","market":"us","top_or_hot":-1,"title":"MetLife Weighs Private Credit M&A to Bolster Earnings Growth","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- MetLife Inc. would consider complementary acquisitions in private credit as part of the company’s new strategic plan, according to Chief Financial Officer John McCallion. \n“Our pre-...</p>\n\n<a href=\"https://finance.yahoo.com/news/metlife-weighs-private-credit-m-184705088.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MetLife Weighs Private Credit M&A to Bolster Earnings Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMetLife Weighs Private Credit M&A to Bolster Earnings Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 02:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/metlife-weighs-private-credit-m-184705088.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- MetLife Inc. would consider complementary acquisitions in private credit as part of the company’s new strategic plan, according to Chief Financial Officer John McCallion. \n“Our pre-...</p>\n\n<a href=\"https://finance.yahoo.com/news/metlife-weighs-private-credit-m-184705088.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MET","symbol_name":"大都会人寿","start_time":0,"source_url":"https://finance.yahoo.com/news/metlife-weighs-private-credit-m-184705088.html","article_id":"2491735596","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/OEwLDr5hgGgUqsXwVDAZTQ--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/9005ecc9c79b9e5db75d4b1599994653"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491735596","pubTimestamp":1734029225,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- MetLife Inc. would consider complementary acquisitions in private credit as part of the company’s new strategic plan, according to Chief Financial Officer John McCallion.“Our pre-existing foothold here puts us in a great position to capture these emerging trends around nonbank lending,” McCallion said Thursday during MetLife’s annual investor day. “We’re a large, long-term, experienced lender here that drives excess spreads with low loss experience.”MetLife’s private credit business — spanning infrastructure, private structured credit, residential credit, corporate private placements and middle market private capital — originated about $117 billion of assets since 2019.More broadly, the company expects to benefit from the fragmentation of the asset management industry, as it could fold in smaller players looking for scale, said McCallion, who’s also head of MetLife Investment Management.MetLife unveiled a new five-year strategic plan on Thursday, the second under Chief Executive Of","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MET":"大都会人寿"},"translate_title":"大都会人寿考虑私人信贷并购以促进盈利增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MET":1},"content_text":"(Bloomberg) -- MetLife Inc. would consider complementary acquisitions in private credit as part of the company’s new strategic plan, according to Chief Financial Officer John McCallion. \n“Our pre-existing foothold here puts us in a great position to capture these emerging trends around nonbank lending,” McCallion said Thursday during MetLife’s annual investor day. “We’re a large, long-term, experienced lender here that drives excess spreads with low loss experience.” \nMetLife’s private credit business — spanning infrastructure, private structured credit, residential credit, corporate private placements and middle market private capital — originated about $117 billion of assets since 2019.\nMore broadly, the company expects to benefit from the fragmentation of the asset management industry, as it could fold in smaller players looking for scale, said McCallion, who’s also head of MetLife Investment Management. \nMetLife unveiled a new five-year strategic plan on Thursday, the second under Chief Executive Officer Michel Khalaf. The insurer aims to boost its adjusted return on equity to 15% to 17% and generate double-digit growth in adjusted earnings per share.\nMcCallion also said he expects MetLife’s variable investment income to improve, after lower private equity returns dragged down returns in recent quarters.\n©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491735596"}