MetLife Corporation Annual Report Analysis
MetLife corporation has recently published press release dedicated to annual company’s operation and finance report for the year 2015, published in 2016. MetLife used a nowadays common press release structure of the report, meaning that it is mostly dedicated to operations inside the company than to financial reports. The report begins with the letter of CEO and President of the company Steven A. Kandarian, that focuses on the company’s contribution to environmental issues that the company is concerned about. Generally, the whole report was published to demonstrate the process of corporate social responsibility policies implementation.
Currently, MetLife is focused on supporting developing and developed economies to expand and improve financial services. The company funds approach that intends to support a low and moderate income individuals through improving the cash flow managements, taking advantages of upcoming opportunities and achieving a short and long term goals. Financial Inclusion is divided into three major categories, such as knowledge, service and insights fields. MetLife supports community colleges to reach low-income students. The program includes 19 colleges and state coordinating agencies in several states in the US. Thus, the company seeks the opportunities to support highly motivated students by incorporating job training and supporting student’s income. The company has also established Financial Opportunity Centers in order to help the clients to achieve better outcomes in their net worth, credit scores, and job placement. Financial Opportunities Centers offer personalized coaching that helps clients to develop plans and then to implement the plan. Service category refers to such implementations as the establishment of a partnership with Fair Finance in the United Kingdom. Fair Finance provides clients with financial support and practically gives more affordable loans than the other institutions. The company has also sponsored The Financial Inclusion Challenge, managed by The WS Journal. The main reason for that is to provide sponsorship for innovative solutions to support people that are currently excluded from the financial mainstream. To achieve that, MetLife Foundation and WSJ launched “Multipliers of Prosperity” website, that features grantees stories, videos, and infographics. One of the developed solutions is “Aid Like Paycheck” concept, that is currently tested with the help of students from Texas and California. The main goal of the given concept is to research new ways of providing financial aid for lower-income students.
Community Investments comprised $52.5 million in 2015, by providing vital resources to organizations serving smallholder coffee and cocoa farmers, as well as providing financial services to low-income consumers to build affordable housings and supplying primary healthcare.
What is more, the company currently invests in health and medical researchers. MetLife Foundation chose to expand the partnership with Damon Runyon Cancer Research Foundation through sponsoring of Clinical Investigator Award. MetLife intends to provide a support for early career physician-scientists. The goal of the project is to identify and fund the future leaders in biomedical researches. In addition, the company seeks to support young scientists and doctors with opportunities to interact with industry leaders in cancer research.
The company has also …