MetLife Aims for 17% ROE in CEO Khalaf’s New Five-Year Plan (1)

MetLife Inc. set new profitability targets as part of Chief Executive Officer Michel Khalaf’s new strategic plan for the next five years.

The company aims to bring its adjusted return on equity to between 15% and 17% and grow its adjusted earnings per share by double digits, it said in a statement on Thursday detailing the plan, which it calls New Frontier.

The company also hopes to lower its direct expense ratio by 100 basis points and to bring the free cash flow of all its holding companies to $25 billion.

“We operate in highly attractive markets, with deep ...