MetLife’s investment portfolio helps finance job creation, business growth and community development around the world. More importantly, MetLife’s investments help us keep the financial promises we have made to our customers. MetLife’s General Account (GA) assets under management (AUM) of $423 billion1,2 is invested responsibly for the long term. We seek out investments that are diverse, stable, secure and offer competitive, risk-adjusted returns. We evaluate risks, including financially material environmental, social and governance (ESG) factors, that we believe have an impact on investment performance. How our sizable and diversified investments are made is integral in helping MetLife live our purpose.
As part of its 2030 DEI Commitments, MetLife pledged to originate $1 billion in investments that advance diversity by 2030. This was achieved in 2023 with more than $1.4 billion invested between 2021 and 2023, including investments in private equity, agricultural lending and real estate debt and equity.
MetLife Investment Management, LLC and certain of its affiliates (MIM)2, our institutional investment management business, manages most of MetLife’s GA portfolio, as well as third-party institutional client portfolios. MIM is a well-established global investment manager with specialist investment teams that support MetLife’s GA investment objectives. This includes embedding ESG integration principles in decision-making and being a responsible investor as a means to a long-term, value-driven portfolio.
MIM acquired Affirmative Investment Management (AIM)2, a specialist global ESG fixed income investment manager with capabilities in impact investing, verification, reporting and engagement, to strengthen MIM’s ESG investment and reporting capabilities and provide deeper analysis of sustainability and risk considerations across MIM’s core competencies in public and private fixed income. See AIM’s 2023 Task Force on Climate-related Financial Disclosures (TCFD) Report to learn more about AIM’s history of supporting the Paris Agreement and the United Nations Sustainable Development Goals (SDGs).