{"id":22655,"date":"2024-10-22T21:45:59","date_gmt":"2024-10-22T21:45:59","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/10\/22\/metlife-said-to-be-in-talks-to-buy-100b-of-pinebridge-assets\/"},"modified":"2024-10-22T21:45:59","modified_gmt":"2024-10-22T21:45:59","slug":"metlife-said-to-be-in-talks-to-buy-100b-of-pinebridge-assets","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/10\/22\/metlife-said-to-be-in-talks-to-buy-100b-of-pinebridge-assets\/","title":{"rendered":"MetLife Said to Be in Talks to Buy $100B of PineBridge Assets"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/906659132\/0\/thinkadvisor.jpg\"><img decoding=\"async\" src=\"https:\/\/feeds.feedblitz.com\/-\/906659132\/0\/thinkadvisor.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/11\/Metlife_Headquarters_NY_BB_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div data-v-3faa61c9 readability=\"13\">\n<p>PCG bought PineBridge from American International Group Inc. for $500 million in 2010 as the insurer was selling assets to repay a government bailout. PineBridge&#8217;s clients include pension plans, insurance companies, official institutions, private banks, advisers and intermediaries.<\/p>\n<\/div>\n<div data-v-3faa61c9 readability=\"10\">\n<p>A purchase of PineBridge&#8217;s non-China assets could boost MetLife&#8217;s roughly $175 billion of current client investment assets by more than 50%, Bloomberg Intelligence analyst Jeffrey Flynn wrote in a note on Monday.<\/p>\n<\/div>\n<div data-v-3faa61c9 readability=\"9\">\n<p>The deal value would align with MetLife&#8217;s focus on less capital-intensive areas to support its rising return on equity, Flynn said.<\/p>\n<\/div>\n<div data-v-3faa61c9 readability=\"9\">\n<p>MetLife shares were down 0.1% to $84.75 at 4:45 p.m. Tuesday in New York. They have climbed roughly 26% this year, giving the company a market value of about $59 billion.<\/p>\n<\/div>\n<div data-v-3faa61c9 readability=\"11\">\n<p><em>(Credit: Bloomberg)<\/em> <\/p>\n<p class=\"disclaimer_message\">Copyright 2024 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PCG bought PineBridge from American International Group Inc. for $500 million in 2010 as the insurer was selling assets to repay a government bailout. PineBridge&#8217;s clients include pension plans, insurance companies, official institutions, private&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/10\/metlife-said-to-be-in-talks-to-buy-100b-of-pinebridge-assets.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22655"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22655"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22656"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}