MetLife Weighs Private Credit M&A to Bolster Earnings Growth

MetLife Inc. would consider complementary acquisitions in private credit as part of the company’s new strategic plan, according to Chief Financial Officer John McCallion.

“Our pre-existing foothold here puts us in a great position to capture these emerging trends around nonbank lending,” McCallion said Thursday during MetLife’s annual investor day. “We’re a large, long-term, experienced lender here that drives excess spreads with low loss experience.”

MetLife’s private credit business — spanning infrastructure, private structured credit, residential credit, corporate private placements and middle market private capital — originated about $117 billion of assets since 2019.

More broadly, the company expects ...