As an Investor
2025 Sustainability Report
As an Investor
Our Approach
MetLife’s $436.2 billion general account (GA)1 investment portfolio underpins MetLife’s ability to keep the financial promises we make to policyholders and to deliver attractive portfolio returns. The GA portfolio’s size, diversification and stability are also instrumental in helping drive all-weather performance, allowing MetLife to pursue long-term opportunities aligned with New Frontier’s goal of delivering strong growth and attractive returns with lower risk.
The GA investment portfolio follows a strategy set by MetLife’s Chief Investment Officer (CIO) that aligns with MetLife’s values and culture. This includes constructing portfolios to be resilient for the long term and overseeing sustainability considerations relevant to portfolio performance. See Global Sustainability Governance for more information regarding the CIO’s leadership responsibilities.
Our Philosophy Toward Sustainable Investing
The GA seeks an investment portfolio that allows MetLife to confidently meet customer needs. MetLife relies on our large, diversified portfolio of assets and draws on the deep, long-established expertise of its institutional asset management business, MetLife Investment Management (MIM), which manages most of the GA portfolio.
The integration of relevant environmental, social and governance factors is an important component of our investment decision-making process. Sustainable investing leverages both our traditional investing and sustainability expertise. Financially relevant risks of GA sustainable investments are managed through MetLife’s strong governance, helping to enhance long-term value of the GA portfolio.
Issuer‑level engagements can inform how various risks are assessed and managed in practice. As an example, MIM engaged with a U.K. water utility held by the GA to assess the effectiveness of the issuer’s biodiversity and nature strategy. The engagement revealed governance and supply‑chain data systems, with biodiversity baselines for the majority of the issuer’s assets using AI‑supported satellite audits and a biodiversity net gain for new capital projects. By integrating nature‑related factors into its risk management framework, the issuer has indicated that it intends to disclose the financial implications of nature-related risks and opportunities over the next few years.
Investment Management
MIM is an institutional asset manager with specialist investment teams and decades of experience. MIM provides tailored investment management solutions to investors worldwide. MIM’s robust fundamental research and risk-management capabilities have been utilized across market cycles and support its investment process and deal sourcing.
- MIM has established sustainability policies, including MIM’s Sustainable Investment Policy and MIM’s Stewardship Policy. See MIM policies and documents to learn more.
- MIM is a participant in a variety of industry bodies and initiatives supporting sustainability and believes these partnerships can help deliver sustainable outcomes for the benefit of all stakeholders. See MIM Partnerships to learn more.
MIM’s primary contribution to New Frontier is to support MetLife’s strategic priority to accelerate growth in asset management by building scale across asset classes, geographies and client types. MIM is a top player across public and private fixed income and real estate, harnessing the power of MetLife to grow complementary businesses across the enterprise and deliver consistent performance.
