MetLife Inc., the largest U.S. life insurer, said it will weigh challenging any designation as a systemically important financial institution after smaller rival Prudential Financial Inc. abandoned its fight over the label.
MetLife Inc.’s Steven Kandarian, who has presided over an 18 percent stock decline in less than a year as chief executive officer, told investors he is prepared to cut the insurer’s weakest businesses to boost results.
The Federal Reserve should pay more attention to the harm inflicted on savers by record-low interest rates, said Steven Kandarian, the chairman and chief executive officer of MetLife Inc., the largest U.S. life insurer.
MetLife Inc. will expand in emerging markets, add sales of accident-and-health protection in the U.S. and scale back from capital-intensive products such as variable annuities as it works to reverse a stock slump.
MetLife Inc. Chief Executive Officer Steven Kandarian said the insurer may scale back or exit businesses as it conducts a review of units to meet targets for shareholder returns amid near-record low interest rates.