Thu, Mar 27, 9:03 PM (30 days ago)
**MetLife Policyholder Trust (Ticker: N/A) - Financial Summary** **Financial Performance:** - **Revenue:** Not applicable as the Trust does not engage in business activities. - **Net Income:** Net increase in net assets resulting from operations was $1,914,467,000 in 2024, compared to a decrease of $660,671,000 in 2023. - **Operating Expenses:** Not explicitly stated, but the Trust's expenses are covered by MetLife, Inc. - **Earnings Per Share:** Not applicable as the Trust does not have earnings in the traditional sense. **Strategic Overview:** - The Trust was established to hold MetLife, Inc. common stock for the benefit of eligible policyholders. - The Trust's assets consist primarily of MetLife, Inc. common stock. - The Trust has no employees and does not engage in any business activities other than holding and voting the common stock. **Future Outlook:** - The Trust's future outlook is tied to the performance of MetLife, Inc.'s common stock. - The Trust may be terminated at MetLife, Inc.'s discretion if certain conditions are met. - The Trust's net assets increased by 18% in 2024, primarily due to an increase in net unrealized investment gains on the common stock. **Risk Factors:** - The Trust is exposed to equity market risk, as its assets consist primarily of MetLife, Inc. common stock. - The Trust has limited resources and is dependent on MetLife, Inc. - The Trust may be terminated at MetLife, Inc.'s discretion. - The Trust faces cybersecurity risks and potential regulatory scrutiny. **Financial Condition:** - Net assets increased to $9,136,810,000 in 2024 from $7,774,025,000 in 2023. - The Trust has no liabilities other than those related to the common stock it holds. - The Trust's net asset value per Trust Interest increased to $81.88 in 2024 from $66.13 in 2023. **Market Position Changes:** - The percentage of outstanding shares of MetLife, Inc. common stock owned by the Trust increased from 16.1% in 2023 to 16.2% in 2024. - The number of Trust Interests outstanding decreased from 117,556,699 in 2023 to 111,587,813 in 2024 due to redemptions, withdrawals, and escheatment.