Court approves MetLife policy settlement affecting MetLife stock

Published on 10/29/2026 at 11:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A court approved a 213.5 million settlement tied to MetLife policies on October 27, 2026. MetLife stock costs EUR 89.88 on October 29, 2026.

Legal settlement and investor context

Ontario Superior Court approved a 213.5 million settlement on October 27, 2026, involving policies sold by MetLife agents.
The agreement covers about 70,000 eligible Flexiplus and Universal Plus policyholders in Canada.
MetLife stock trades at EUR 89.88 at 11:20 a.m. CET at Lang & Schwarz on October 29, 2026.

MetLife Inc., US59156R1086, Illustration mit AI erstellt.

MetLife Inc. (ISIN US59156R1086) stock costs EUR 89.88 at Lang & Schwarz on October 29, 2026 at 11:20 a.m. CET. The Ontario Superior Court of Justice approved a 213.5 million settlement tied to universal life policies sold by MetLife agents in Canada, according to a Newswire release dated October 27, 2026.

Settlement covers legacy policies

The class action concerns Universal Plus, Flexiplus and OptiMet policies sold by Metropolitan Life Insurance Co. agents between 1987 and 1998. The case was brought against Sun Life Assurance Company of Canada over the alleged administration of those policies, and Sun Life has denied wrongdoing.

The approved agreement provides compensation to eligible current and former Flexiplus policyholders for part of past Cost of Insurance and Administration Fee increases. It also permanently freezes those charges for current Flexiplus policyholders.

About 70,000 policyholders included

Universal Plus policyholders with qualifying pre-1992 policies may receive compensation where Cost of Insurance charges exceeded the stated Maximum Premium. The settlement also caps future Cost of Insurance charges for certain current policyholders, while the release says benefits will reach about 70,000 eligible current and former Flexiplus and Universal Plus policyholders.

For investors, the important distinction is between the settlement's headline value and the contracts' origin. The court action is against Sun Life, while the policies were originally sold by MetLife agents. The announcement therefore establishes a new legal development around legacy business, but it does not by itself quantify a direct cash charge for MetLife.

Stock quote and company details

MetLife is listed on the New York Stock Exchange under ticker MET and operates in life insurance and broader financial services. The company has also scheduled its third-quarter results for November 4, 2026, after the US market close, with an earnings call scheduled for November 5, 2026.

MetLife stock was trading at EUR 89.88 at Lang & Schwarz on October 29, 2026 at 11:20 a.m. CET.

The further course of trading is shown by the continuously updated real-time quote of MetLife stock.