...Most Favorable Business Profile: MetLife, Inc. maintains leading competitive positions in several major insurance product lines, markets in the U.S. and selected international markets. The company's considerable operating scale, strong brand name and very strong investment capabilities provide it with significant competitive advantages. The company is well diversified across lines of business and geographies, with material presences overseas in Asia, LatAm and EMEA. In the U.S., MetLife has leading market positions across group benefits and retirement and income solutions. Fitch views the risk profile of the company's group benefits portfolio as low, given its ability to reprice the business on a regular basis. Reduced Volatility: MetLife has reduced exposure to market-sensitive and long-dated liabilities over recent years, including its approximately $10 billion U.S. retail variable annuity (VA) reinsurance cession to Talcott Resolution Life Insurance Company, which closed in December...
