MetLife announced a new strategy called "New Frontier" to boost long-term growth. The five-year plan is aimed at profit growth, expense reductions, and increased free cash flow. CEO Michel Khalaf said "New Frontier" was designed to build on the insurer's previous five-year "Next Horizon" plan that simplified and differentiated the company.

MetLife, Inc. (NYSE: MET), one of the world’s leading financial services companies, will host its previously announced Investor Day in New York City today. At the Investor Day, MetLife senior executives and other senior leaders will introduce the company’s powerful five-year growth strategy,