MetLife Management

Management criteria checks 3/4

MetLife's CEO is Michel Khalaf, appointed in May 2019, has a tenure of 5.5 years. total yearly compensation is $20.53M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 0.063% of the company’s shares, worth €35.75M. The average tenure of the management team and the board of directors is 5.6 years and 8.9 years respectively.

Key information

Michel Khalaf

Chief executive officer

US$20.5m

Total compensation

CEO salary percentage	7.2%
CEO tenure	5.5yrs
CEO ownership	0.06%
Management average tenure	5.6yrs
Board average tenure	8.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Michel Khalaf's remuneration changed compared to MetLife's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$4b
Jun 30 2024	n/a	n/a	US$3b
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$21m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	n/a	n/a	US$4b
Dec 31 2022	US$18m	US$1m	US$5b
Sep 30 2022	n/a	n/a	US$5b
Jun 30 2022	n/a	n/a	US$5b
Mar 31 2022	n/a	n/a	US$8b
Dec 31 2021	US$17m	US$1m	US$7b
Sep 30 2021	n/a	n/a	US$5b
Jun 30 2021	n/a	n/a	US$4b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$15m	US$1m	US$5b
Sep 30 2020	n/a	n/a	US$6b
Jun 30 2020	n/a	n/a	US$7b
Mar 31 2020	n/a	n/a	US$9b
Dec 31 2019	US$15m	US$1m	US$6b
Sep 30 2019	n/a	n/a	US$7b
Jun 30 2019	n/a	n/a	US$6b
Mar 31 2019	n/a	n/a	US$5b
Dec 31 2018	US$11m	US$837k	US$5b
Sep 30 2018	n/a	n/a	US$5b
Jun 30 2018	n/a	n/a	US$5b
Mar 31 2018	n/a	n/a	US$5b
Dec 31 2017	US$6m	US$740k	US$5b

Compensation vs Market: Michel's total compensation ($USD20.53M) is above average for companies of similar size in the Austrian market ($USD4.35M).

Compensation vs Earnings: Michel's compensation has been consistent with company performance over the past year.

CEO

Michel Khalaf (60 yo)

5.5yrs

Tenure

US$20,526,009

Compensation

Mr. Michel Abbas Khalaf has been a Director at The Geneva Association since June 10, 2020. Mr. Khalaf has been the President, Chief Executive Officer and Director of MetLife, Inc. since May 1, 2019. Mr. Kh...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michel Khalaf	CEO, President & Director	5.5yrs	US$20.53m	0.063% € 35.7m
John McCallion	Executive VP	6.5yrs	US$9.27m	0.025% € 14.2m
Bill Pappas	Executive VP and Head of Global Technology & Operations	5yrs	US$7.65m	0.0083% € 4.7m
Marlene Debel	Executive VP	13.4yrs	US$5.73m	0.013% € 7.4m
Ramy Tadros	President of U.S. Business & Head of MetLife Holdings	7.2yrs	US$7.66m	0.018% € 10.0m
Tamara Schock	Executive VP & Chief Accounting Officer	5.7yrs	no data	0.0022% € 1.3m
Pawan Verma	Executive VP & Chief Information Officer	4yrs	no data	no data
John Hall	Senior VP & Head of Investor Relations	no data	no data	no data
Monica Curtis	Executive VP & Chief Legal Officer	no data	no data	0.0018% € 1.0m
Michael Roberts	Executive VP & Chief Marketing Officer	3yrs	no data	no data
Shurawl Sibblies	Executive VP & Chief Human Resources Officer	less than a year	no data	no data
Michael Farrell	EVP, Head - Independent Distribution - St Louis-Based GenAmerica Financial & MetLife Investors Group	21.3yrs	no data	no data

5.6yrs

Average Tenure

53yo

Average Age

Experienced Management: METL's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michel Khalaf	CEO, President & Director	5.5yrs	US$20.53m	0.063% € 35.7m
Dirk Ostijn	Executive VP	3.8yrs	no data	no data
William Kennard	Independent Director	11.2yrs	US$352.73k	0% € 0
David Herzog	Independent Director	8.1yrs	US$362.73k	0.0037% € 2.1m
Carlos Gutierrez	Independent Director	11.7yrs	US$322.73k	0.0059% € 3.4m
Edward Kelly	Independent Director	9.8yrs	US$361.93k	0.0051% € 2.9m
Denise Morrison	Independent Director	10.8yrs	US$347.73k	0.0045% € 2.6m
Carla Harris	Independent Director	2.6yrs	US$322.73k	0.00098% € 559.8k
Robert Glenn Hubbard	Independent Chairman	17.8yrs	US$577.67k	0.0011% € 651.2k
Diana McKenzie	Independent Director	6yrs	US$332.73k	0.0029% € 1.7m
Mark Weinberger	Independent Director	5.3yrs	US$322.73k	0.0022% € 1.3m
Cheryl Grise	Independent Director	20.8yrs	US$352.73k	0.00068% € 388.5k

8.9yrs

Average Tenure

66yo

Average Age

Experienced Board: METL's board of directors are considered experienced (8.9 years average tenure).

MetLife Management

Management criteria checks 3/4

Key information

Recent management updates

MetLife, Inc. Announces Executive Changes

MetLife, Inc. Appoints Shurawl Sibblies as Executive Vice President and Chief Human Resources Officer, Effective August 1, 2024

MetLife, Inc., Annual General Meeting, Jun 18, 2024

MetLife, Inc., Annual General Meeting, Jun 18, 2024

Key Executive recently sold €1.8m worth of stock

Metlife, Inc. Appoints Laura J. Hay as Director and to its Audit Committee and Finance and Risk Committee

Recent updates

Third quarter 2024 earnings released: EPS: US$1.81 (vs US$0.56 in 3Q 2023)

Upcoming dividend of US$0.55 per share

MetLife Reportedly in Talks to Buy Richard Li's PineBridge Assets Outside of China

Second quarter dividend of US$0.55 announced

MetLife, Inc. Declares Fourth Quarter 2024 Common Stock Dividend, Payable on December 16, 2024

MetLife, Inc. to Report Q3, 2024 Results on Oct 30, 2024

MetLife, Inc. Announces Executive Changes

Second quarter 2024 earnings released: EPS: US$1.27 (vs US$0.48 in 2Q 2023)

Upcoming dividend of US$0.55 per share

First quarter dividend of US$0.55 announced

MetLife Declares Common Stock Dividend for the Third Quarter of 2024, Payable on September 10, 2024

MetLife, Inc. to Report Q2, 2024 Results on Jul 31, 2024

Metlife and GeoBlue Announce to Offer A Full Suite of Expatriate Benefit Products in A Best-In-Class Single Solution, Globaline™

MetLife, Inc. Appoints Shurawl Sibblies as Executive Vice President and Chief Human Resources Officer, Effective August 1, 2024

MetLife Launches My Leave Navigator to Support Employees Navigating Leave

New minor risk - Profit margin trend

New minor risk - Profit margin trend

MetLife, Inc. (NYSE:MET) announces an Equity Buyback for $3,000 million worth of its shares.

First quarter 2024 earnings released: EPS: US$1.10 (vs US$0.018 in 1Q 2023)

MetLife, Inc., Annual General Meeting, Jun 18, 2024

MetLife, Inc., Annual General Meeting, Jun 18, 2024

Fourth quarter dividend of US$0.55 announced

MetLife, Inc. Declares a Second Quarter 2024 Common Stock Dividend, Payable on June 11, 2024

MetLife Expands Customer Experience Capability

MetLife, Inc. to Report Q1, 2024 Results on May 01, 2024

Key Executive recently sold €1.8m worth of stock

Metlife, Inc. Appoints Laura J. Hay as Director and to its Audit Committee and Finance and Risk Committee

New minor risk - Financial position

MetLife, Inc. Appoints Michelleta Razon as Head of Data Enablement

Full year 2023 earnings released: EPS: US$1.85 (vs US$2.93 in FY 2022)

Upcoming dividend of US$0.52 per share at 2.9% yield

MetLife Declares First Quarter 2024 Common Stock Dividend, Payable on March 14, 2024

MetLife, Inc. to Report Q4, 2023 Results on Jan 31, 2024

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.56 (vs US$0.42 in 3Q 2022)

Upcoming dividend of US$0.52 per share at 3.5% yield

Now 20% undervalued

MetLife, Inc. Declares Fourth Quarter 2023 Common Stock Dividend, Payable on December 14, 2023

MetLife, Inc. to Report Q3, 2023 Results on Nov 01, 2023

New major risk - Revenue and earnings growth

Metlife Investment Management Announces Final Close of Single Family Rental Fund At $390 Million

Second quarter 2023 earnings released: EPS: US$0.48 (vs US$0.13 in 2Q 2022)

Upcoming dividend of US$0.52 per share at 3.3% yield

MetLife, Inc. to Report Q2, 2023 Results on Aug 02, 2023

MetLife, Inc. Announces Leadership Changes

Now 20% undervalued after recent price drop

MetLife, Inc. (NYSE:MET) announces an Equity Buyback for $3,000 million worth of its shares.

First quarter 2023 earnings released: EPS: US$0.018 (vs US$0.74 in 1Q 2022)

Upcoming dividend of US$0.52 per share at 3.3% yield

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings released: EPS: US$2.99 (vs US$7.36 in FY 2021)

Upcoming dividend of US$0.50 per share at 2.8% yield

MetLife, Inc. Declares Dividend for the First Quarter of 2023, Payable on March 14, 2023

Now 22% undervalued

MetLife, Inc. to Report Q4, 2022 Results on Feb 01, 2023

Executive VP & Chief HR Officer recently sold €203k worth of stock

Key Executive recently sold €360k worth of stock

Third quarter 2022 earnings released: EPS: US$0.42 (vs US$1.78 in 3Q 2021)

Upcoming dividend of US$0.50 per share

MetLife Declares Fourth Quarter 2022 Common Stock Dividend, Payable on Dec. 14, 2022

MetLife, Inc. to Report Q3, 2022 Results on Nov 02, 2022

MetLife Names Ben Cushman Head of Global Regulatory Policy

MetLife, Inc. Appoints Adora Whitaker as Executive Vice President and Head of Corporate Development – Mergers & Acquisitions, Effective October 17, 2022

Second quarter 2022 earnings released: EPS: US$0.13 (vs US$3.85 in 2Q 2021)

Upcoming dividend of US$0.50 per share

Metlife, Inc. Declares Third Quarter 2022 Common Stock Dividend, Payable on September 14, 2022

MetLife, Inc. to Report Q2, 2022 Results on Aug 03, 2022

MetLife Appoints Chris Rosello as Head of Federal Government Relations, Effective July 5, 2022

MetLife, Inc. Appoints Carla Harris to its Governance and Corporate Responsibility Committee and Investment Committee