MetLife set its latest round of preferred dividends, and the numbers cut across three series. All payouts land on Dec. 15, 2025, for shareholders on record by Nov. 28, a slight quirk caused by the formal record date falling on a Sunday.
- Series A pays a quarterly $0.33489390 per share on stock with a $25 liquidation preference.
- Series E pays $351.5625 per share on its 5.625% non-cumulative issue, though investors holding depositary shares see $0.3515625 each because each unit covers a 1/1,000 slice of a $25,000 share.
- Series F, tied to a 4.75% structure, pays $296.875 per preferred share, or $0.296875 per depositary share.
Not long after setting those dividends, MetLife wrapped its $10 bn variable annuity risk transfer with Talcott Resolution Life Insurance Company.
This deal had been flagged earlier in the year, and it pulls a large legacy block out of MetLife’s orbit. The company expects to forgo roughly $100 mn in annual adjusted earnings, though hedge-cost savings of around $45 mn lighten the impact.
Maybe more importantly, the transfer speeds up the run-off of old U.S. Retail business that sat inside MetLife Holdings for years and often soaked up management attention.
According to Beinsure analysts, the portfolio shift fits MetLife’s pattern of trimming exposure to long-dated guarantees while steering capital toward product lines that don’t drag as heavily when markets swing around.
MetLife Investment Management keeps a role in the transaction, overseeing about $6 bn in assets under agreements with Talcott. Investors tend to like arrangements where asset management income stays in the building even as liabilities move out.
MetLife, founded in 1868 and now operating across more than 40 global markets, still positions itself as a broad financial services outfit – insurance, annuities, employee benefits, asset management.
The firm holds strong spots across the United States, Asia, Latin America, Europe and the Middle East, and this deal hints at a company clearing space for whatever its next chapter looks like, even if the balance sheet shifts look a bit dry on paper.
