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New York-based MetLife, Inc. (MET), incorporated in 1999, is a global leader in insurance, annuities, and employee benefits, with a $51.6 billion market cap. Serving millions of customers in over 60 countries, MetLife offers various life, dental, disability, and financial services, maintaining strong returns on equity and a straightforward business model.
Shares of MetLife have outperformed the broader market over the past 52 weeks. MET has surged by 44.4% over this time frame, while the broader S&P 500 Index ($SPX) rallied 28.9%. However, in 2024, MET’s 9.7% gains trail behind SPX's 11.2% gains on a YTD basis.