MetLife Management

Management criteria checks 3/4

MetLife's CEO is Michel Khalaf, appointed in May 2019, has a tenure of 4.75 years. total yearly compensation is $18.11M, comprised of 7.7% salary and 92.3% bonuses, including company stock and options. directly owns 0.045% of the company’s shares, worth €20.51M. The average tenure of the management team and the board of directors is 5.3 years and 9.5 years respectively.

Key information

Michel Khalaf

Chief executive officer

US$18.1m

Total compensation

CEO salary percentage	7.7%
CEO tenure	4.8yrs
CEO ownership	0.04%
Management average tenure	5.3yrs
Board average tenure	9.5yrs

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
Dec 31 2023	n/a	n/a	US$1b
Sep 30 2023	n/a	n/a	-US$390m
Jun 30 2023	n/a	n/a	US$286m
Mar 31 2023	n/a	n/a	US$797m
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 ($USD18.11M) is above average for companies of similar size in the German market ($USD4.53M).

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

CEO

Michel Khalaf (59 yo)

4.8yrs

Tenure

US$18,107,426

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	4.8yrs	US$18.11m	0.045% $ 20.5m
John McCallion	Executive VP	5.8yrs	US$8.23m	0.018% $ 8.2m
Bill Pappas	Executive VP and Head of Global Technology & Operations	4.3yrs	US$6.96m	0.0064% $ 3.0m
Ramy Tadros	President of U.S. Business & Head of MetLife Holdings	6.4yrs	US$6.97m	0.012% $ 5.7m
Tamara Schock	Executive VP & Chief Accounting Officer	4.9yrs	no data	0.0015% $ 702.2k
Pawan Verma	Executive VP & Chief Information Officer	3.3yrs	no data	no data
John Hall	Senior VP & Head of Investor Relations	no data	no data	no data
Michael Roberts	Executive VP & Chief Marketing Officer	2.3yrs	no data	no data
Susan Podlogar	Executive VP & Chief HR Officer	6.6yrs	no data	0.0078% $ 3.6m
Michael Farrell	EVP, Head - Independent Distribution - St Louis-Based GenAmerica Financial & MetLife Investors Group	20.6yrs	no data	no data
William Moore	President of MetLife Auto & Home and Senior Vice President of Eastern Zone - Individual Business	17.1yrs	no data	no data
Randy Stram	Senior Vice President of Group Benefits	no data	no data	no data

5.3yrs

Average Tenure

52yo

Average Age

Experienced Management: MWZ's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michel Khalaf	CEO, President & Director	4.8yrs	US$18.11m	0.045% $ 20.5m
Dirk Ostijn	Executive VP	3.1yrs	no data	no data
William Kennard	Independent Director	10.4yrs	US$331.74k	0% $ 0
David Herzog	Independent Director	7.3yrs	US$341.74k	0.0032% $ 1.5m
Gerald Hassell	Independent Director	6yrs	US$301.74k	0.0042% $ 1.9m
Carlos Gutierrez	Independent Director	10.9yrs	US$301.74k	0.0054% $ 2.5m
Edward Kelly	Independent Director	9yrs	US$336.74k	0.0045% $ 2.1m
Catherine Kinney	Independent Director	14.8yrs	US$306.74k	0.0083% $ 3.8m
Denise Morrison	Independent Director	10yrs	US$326.74k	0.0040% $ 1.8m
Robert Glenn Hubbard	Independent Chairman	17yrs	US$556.79k	0.0011% $ 495.6k
Diana McKenzie	Independent Director	5.3yrs	US$301.74k	0.0024% $ 1.1m
Cheryl Grise	Independent Director	20yrs	US$331.74k	0.00064% $ 293.7k

9.5yrs

Average Tenure

69yo

Average Age

Experienced Board: MWZ's board of directors are considered experienced (9.5 years average tenure).

MetLife Management

Management criteria checks 3/4

Key information

Recent management updates

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

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

MetLife, Inc. Announces Leadership Changes

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

Key Executive recently sold €360k worth of stock

MetLife Names Ben Cushman Head of Global Regulatory Policy

Recent updates

MetLife Expands Customer Experience Capability

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

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

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

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

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

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

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

Now 20% undervalued after recent price drop

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

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

Investor sentiment deteriorates as stock falls 16%

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

Now 22% undervalued after recent price drop

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 21% 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

Now 20% undervalued

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

First quarter 2022 earnings released: EPS: US$0.74 (vs US$0.33 in 1Q 2021)

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

Metlife, Inc. Increases Common Stock Dividend by 4.2%, Payable on June 14, 2022

NN Group N.V. (ENXTAM:NN) completed the acquisition of MetLife Businesses in Poland and Greece.

MetLife, Inc., Annual General Meeting, Jun 21, 2022

Metlife, Inc. Announces Leadership Changes

MetLife, Inc. to Report Q1, 2022 Results on May 04, 2022

MetLife, Inc. Appoints Carla Harris to Board of Directors, Effective April 27, 2022

Metlife, Inc. Announces Management Appointments

MetLife Reportedly Looks to Sell About $1 Billion in Assets from Private-Equity Holdings

MetLife Reportedly Explores Sale of Variable Annuity Business

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.48 per share

Third quarter 2021 earnings released: EPS US$1.77 (vs US$0.70 in 3Q 2020)

Upcoming dividend of US$0.48 per share

Second quarter 2021 earnings released: EPS US$3.85 (vs US$0.075 in 2Q 2020)

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

Upcoming dividend of US$0.48 per share

NN Group Bids for Some of Metlife’s European Ops

Insider recently sold €584k worth of stock

First quarter 2021 earnings released: EPS US$0.33 (vs US$4.78 in 1Q 2020)

MetLife, Inc. Declares Common Stock Dividend for Second Quarter 2021, Payable on June 14, 2021

MetLife Denies Sell-Off Plans

Metlife Reportedly Exploring Sale of Units in Greece, Poland, Ukraine

Metlife, Inc. and Principal Financial Group, Inc. to Provide Annuity Benefits to Philips North America, Llc Retirement Participants

Full year 2020 earnings released

Revenue beats expectations