- Improvement in the economy and the expectation of higher interest rates are behind Moody's lifting its outlook on MetLife (MET +0.5%) to stable from negative. The agency also affirms the insurer's A3 credit rating.
- "Over the past year, positive momentum has been attained at the company in lowering risk related to variable annuity guaranteed benefits, improving capital transparency relating to its 'onshoring' of its captive insurers. and shifting away from higher risk and capital intensive products in favor of fee-based and protection businesses."