Life insurance and financial services provider MetLife, Inc. (MET) in New York City is among the leading global providers of annuities and insurance, with approximately 100 million customers in more than 50 countries. The company’s consistent book value growth and significant earnings growth in the third quarter of 2021, and exceptional variable investment income, have helped the stock gain 12.5% in price over the past month and 17.4% over the past six months. MET’s book value, excluding accumulated other comprehensive income other than foreign currency translation adjustments, was up 8% year-over-year.
Because the life insurance company is focusing on expanding its international presence and boosting its return on allocated equity, it should see solid membership growth and generate robust earnings in the coming quarters.
