MetLife Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Michel Khalaf

Chief executive officer

US$20.5m

Total compensation

CEO salary percentage	7.2%
CEO tenure	5yrs
CEO ownership	0.06%
Management average tenure	6yrs
Board average tenure	9.8yrs

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	US$21m	US$1m	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 ($USD20.53M) is above average for companies of similar size in the UK market ($USD5.62M).

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

CEO

Michel Khalaf (59 yo)

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	5yrs	US$20.53m	0.061% $ 30.8m
John McCallion	Executive VP	6yrs	US$9.27m	0.024% $ 12.2m
Bill Pappas	Executive VP and Head of Global Technology & Operations	4.5yrs	US$7.65m	0.0080% $ 4.1m
Marlene Debel	Executive VP	12.9yrs	US$5.73m	0.013% $ 6.3m
Ramy Tadros	President of U.S. Business & Head of MetLife Holdings	6.7yrs	US$7.66m	0.017% $ 8.6m
Tamara Schock	Executive VP & Chief Accounting Officer	5.2yrs	no data	0.0022% $ 1.1m
Pawan Verma	Executive VP & Chief Information Officer	3.5yrs	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	2.5yrs	no data	no data
Susan Podlogar	Executive VP & Chief HR Officer	6.8yrs	no data	0.010% $ 5.1m
Michael Farrell	EVP, Head - Independent Distribution - St Louis-Based GenAmerica Financial & MetLife Investors Group	20.8yrs	no data	no data
William Moore	President of MetLife Auto & Home and Senior Vice President of Eastern Zone - Individual Business	17.3yrs	no data	no data

6.0yrs

Average Tenure

53yo

Average Age

Experienced Management: 0K0X's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michel Khalaf	CEO, President & Director	5yrs	US$20.53m	0.061% $ 30.8m
Dirk Ostijn	Executive VP	3.3yrs	no data	no data
William Kennard	Independent Director	10.7yrs	US$352.73k	0% $ 0
David Herzog	Independent Director	7.6yrs	US$362.73k	0.0034% $ 1.7m
Gerald Hassell	Independent Director	6.3yrs	US$335.51k	0.0044% $ 2.2m
Carlos Gutierrez	Independent Director	11.2yrs	US$322.73k	0.0056% $ 2.8m
Edward Kelly	Independent Director	9.3yrs	US$361.93k	0.0047% $ 2.4m
Catherine Kinney	Independent Director	15.1yrs	US$338.55k	0.0086% $ 4.4m
Denise Morrison	Independent Director	10.3yrs	US$347.73k	0.0042% $ 2.1m
Robert Glenn Hubbard	Independent Chairman	17.3yrs	US$577.67k	0.0011% $ 562.6k
Diana McKenzie	Independent Director	5.5yrs	US$332.73k	0.0026% $ 1.3m
Cheryl Grise	Independent Director	20.3yrs	US$352.73k	0.00066% $ 334.5k

9.8yrs

Average Tenure

69yo

Average Age

Experienced Board: 0K0X's board of directors are considered experienced (9.8 years average tenure).

MetLife Management

Management criteria checks 3/4

Key information

Recent management updates

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

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

Key Executive recently sold US$2.0m worth of stock

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

Recent updates

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

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

Fourth quarter dividend increased to US$0.55

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 US$2.0m 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

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

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

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 15%

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

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

Executive VP & Chief HR Officer recently sold US$216k worth of stock

Key Executive recently sold US$378k 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

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 US$710k 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

Executive VP & President of Latin America Oscar Schmidt has left the company