NEW YORK - MetLife, Inc. (NYSE: NYSE:MET) has expanded its board of directors with the appointment of Laura Hay, effective immediately. Laura Hay brings a wealth of experience from her previous role as Global Head of Insurance at KPMG LLP, where she led a team of more than 10,000 professionals across over 90 countries.
With over 35 years in the financial services sector, Hay has a background in technical accounting, client engagement, change management, risk identification, and mitigation. She is recognized for launching initiatives to develop female leadership within financial services. Hay's previous roles include positions on the KPMG Global Financial Services Leadership Team, KPMG's U.S. board of directors, and the KPMG Americas board.
MetLife's Chairman R. Glenn Hubbard expressed confidence in Hay's abilities, citing her deep expertise in the insurance sector and her passion for the business. President and CEO Michel Khalaf also welcomed Hay, acknowledging her comprehensive understanding of the industry.
Beyond her professional accomplishments, Hay is actively involved in various nonprofit boards, including the Girl Scouts of Greater New York and the New Jersey Theater Alliance. She has been honored by several publications for her leadership, including Insurance Business America's "Elite Woman 2023" and The Consulting Report's "Top 25 Financial Services Consulting Leaders" in 2022.
Hay's academic credentials include a Bachelor of Science in mathematics from the University of California, Berkeley.
MetLife, a global provider of insurance, annuities, employee benefits, and asset management, has been a fixture in the financial services industry since 1868. With operations in over 40 markets worldwide, the company holds positions in various regions, including the United States, Japan, Latin America, Asia, Europe, and the Middle East.
The information in this article is based on a press release statement from MetLife, Inc.
InvestingPro Insights
MetLife, Inc. (NYSE: MET) has recently strengthened its board with the strategic addition of Laura Hay, underlining its commitment to leadership and expertise within the insurance sector. In tandem with this announcement, here are some key insights from InvestingPro that could be particularly pertinent for investors and stakeholders monitoring MetLife's performance:
InvestingPro Data highlights that MetLife has a market capitalization of 50.0 billion USD, indicating its significant presence in the market. The company's P/E ratio stands at 37.85, with an adjusted figure for the last twelve months as of Q4 2023 at 36.22. Despite a slight decline in revenue growth of -2.71% over the last twelve months as of Q4 2023, the quarterly revenue growth in Q4 2023 was robust at 21.93%.
InvestingPro Tips suggest that MetLife is a prominent player in the Insurance industry, having maintained dividend payments for 25 consecutive years. This is complemented by the fact that the company has raised its dividend for 11 consecutive years, showcasing its financial stability and commitment to returning value to its shareholders. Additionally, MetLife's management has been actively engaging in share buybacks, which could be an indicator of the company's confidence in its intrinsic value.
Investors looking for a more comprehensive analysis of MetLife, including additional InvestingPro Tips, can find them at https://www.investing.com/pro/MET. There are currently 10 more tips available, which can provide deeper insights into MetLife's financial health and market position. For those interested in an InvestingPro subscription, be sure to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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