The company reported that ahead of its investor day it was introducing the five-year "New Frontier" program targeting returns of double-digit adjusted earnings per share (EPS) growth, 15% to 17% adjusted return on equity, a one-percentage-point cut in direct expense ratio, and free cash flow of $25 billion.

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,