MetLife has elected Christian Mumenthaler, former Group CEO of Swiss Re, to its board of directors, effective May 1, 2025ю His experience in insurance and reinsurance is expected to support the company’s strategic plans.
Christian Mumenthaler spent over 25 years at Swiss Re, holding key positions such as Group Chief Risk Officer, Head of Life & Health, and Chief Marketing Officer, Reinsurance.
He later led the Group Retro and Syndication unit before becoming Chief Executive Officer, Reinsurance, in 2011.
MetLife Chairman R. Glenn Hubbard praised Mumenthaler’s strategic insight and industry expertise. CEO Michel Khalaf also highlighted his knowledge and innovative approach, which align with MetLife’s New Frontier strategy. The company reported $71bn in revenue and $4.2bn in net income over the past year, reinforcing its strong market position.
Mumenthaler holds a doctorate in physics from the Swiss Federal Institute of Technology (ETH) in Zurich. His leadership extends beyond executive roles, with positions including co-chair of the World Economic Forum Alliance of CEO Climate Leaders and board memberships with the Geneva Association and economiesuisse.
The addition of Mumenthaler supports MetLife’s focus on governance and long-term strategy. This announcement is based on a MetLife press release.
MetLife’s fourth-quarter earnings per share matched analyst expectations at $2.09. Net income rose to $1.2bn from $574mn a year earlier.
However, total revenue was affected by lower net investment income and derivative losses, despite a 6% rise in premiums, fees, and other revenue.
MetLife also announced that Executive Vice President and Chief Accounting Officer Tamara L. Schock will step down in March 2025. Her successor has not been named. Meanwhile, Nick Nadgauda has been appointed Chief Information Officer, effective March 2025, to lead the company’s technology strategy.
MetLife declared a quarterly dividend of $0.545 per share for Q1 2025, maintaining its shareholder return strategy. Separately, Metaplanet Inc. raised $26.1mn through zero-interest bonds to acquire more Bitcoin, aiming to expand its holdings significantly by 2026.
