MetLife, one of the world’s leading financial services companies, hosted its Investor Day in New York City on December 12 and introduced the company’s powerful five-year growth strategy, New Frontier.

The growth strategy is designed to support consistent delivery of:

• Double-digit adjusted earnings per share growth;
• 15-17% adjusted return on equity;
• A 100-basis-point reduction in direct expense ratio target; 
• Free cash flow of USD 25 billion.

“We operate in highly attractive markets, with deep competitive moats and strong tailwinds. We are positioned to deliver growth and attractive returns with lower risk”, said MetLife President and Chief Executive Officer Michel Khalaf.

The New Frontier strategy will leverage the company’s strengths to prioritize growth across four key areas of opportunity:

• Extend leadership in Group Benefits by capturing and enlarging the addressable market via more employers, more products per employee, and greater employee participation;
• Capitalize on a unique retirement platform across our U.S. and Japan businesses through new liability origination and enhanced capital flexibility;
• Accelerate growth in asset management by building on existing capabilities and broadening MetLife’s suite of investment products while harnessing complementary businesses within the larger organization; and
• Expand in high-growth international markets by leveraging MetLife’s strong position in Latin America and Asia and targeting above-market growth in emerging regions through distribution innovation and product and channel diversification.