MetLife's Profitability Remains Strong, Boosted by Higher Rates

MetLife provides a variety of insurance and financial-services products, including life, dental, disability, vision, accident and health, stable value, and annuities in various countries. It is a leader in the attractive group benefits business in the US, where products are sold through long-standing relationships with corporate employers. This business is relatively capital-light and entails lower risk because the company can reprice its products quickly based on experience. Recent acquisitions and investments in new product segments (such as pet insurance, health savings accounts, and Versant Health) should enable MetLife to offer a comprehensive suite of products in the group benefits segment and expand its market share.