For those not familiar with the KISS concept, and no I’m not talking about the hard rock band, KISS stands for “Keep It Simple, Stupid”, and it can be surprisingly good advice for companies in all sorts of industries.
In the case of MetLife (MET), business simplification and prioritization of profitable group benefit, pension risk transfer, and savings and protection plans has allowed MetLife to outperform many other players in life insurance and generate decent returns for investors over the past five years.
MetLife shares are up more than 50% from my last article. That’s a great return in a little over six months, but then again picking undervalued financials in August wasn’t so tough. At today’s price, I still think MetLife has some near-term upside and some decent long-term potential, but that return is likely to be much closer to the long-term historical returns in the mid-single digits.
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