MetLife stocks jump on new Long-Term Growth Strategy

The Key Takeaways

• MetLife announced a new strategy called "New Frontier" to boost long-term growth.
• The plan aims at increasing free cashflow, reducing expenses and growing profits.
• CEO Michel Khalaf said "New Frontier" was designed to build on the insurer's previous five-year "Next Horizon" plan that simplified and differentiated the company.

MetLife shares increased 5% on Thursday after the insurer announced a strategic plan. “accelerate growth across global platform while delivering attractive returns and all-weather performance.”

Before its Investor Day, the company announced that it would be introducing a five-year plan. “New Frontier” The program aims to achieve double-digit earnings-per-share (EPS) growth. It also targets a 15% to 17% equity return, as well as a reduction in the direct expense ratio by one percentile point, with resulting free cash flows of up $25 billion. 

CEO Says Plan Designed To Build on Prior 'Next Horizon' Strategy

CEO Michel Khalaf has said that “New Frontier” MetLife has a five-year plan that is designed to improve upon the previous performance. “Next Horizon” The 2019 strategy was introduced to the market. “simplify and differentiate the company.” Khalaf said that MetLife is a MetLife-affiliated company “in highly attractive markets, with deep competitive moats and strong tailwinds,” Giving it a chance “to deliver growth and attractive returns with lower risk.”

The insurer explained that "New Frontier" would focus on four key areas of opportunity: extending leadership in group benefits, capitalizing on a unique retirement platform, accelerating growth in asset management, and expanding in high-growth international markets. 

The value of MetLife shares has increased by more than 25% this year.

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