MetLife Unveils 'New Frontier' Strategy Targeting Long-Term Growth

The five-year plan aims to deliver double-digit earnings growth, expand global operations, and reduce expenses while leveraging innovation and partnerships.

• MetLife's 'New Frontier' strategy sets ambitious goals, including double-digit adjusted earnings per share growth and a 15%-17% adjusted return on equity over five years.
• The plan focuses on four key areas: group benefits, retirement platforms, asset management, and high-growth international markets in Latin America and Asia.
• CEO Michel Khalaf emphasized the strategy builds on the success of the 2019 'Next Horizon' plan, aiming to prioritize growth and innovation while maintaining lower risk.
• The company plans to reduce its direct expense ratio by one percentage point and generate $25 billion in free cash flow by 2029.
• MetLife announced the launch of Chariot Re, a Bermuda-based reinsurer, in collaboration with General Atlantic and Chubb, targeting $10 billion in liabilities by 2025.

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