“Market Cap $60.04 B As of May 2014
- Industry: Diversified Insurance
- Founded: 1999
- Country: United States
- CEO: Steven Kandarian
- Website: metlife.com
- Employees: 65,000
- Sales: $71.04 B
- Headquarters: New York, New York
- #108 in Sales
- #189 in Profit
- #32 in Assets
- #150 in Market value
MetLife, Inc. provides insurance and financial services to individual and institutional customers. It offers life insurance, annuities, automobile and homeowner’s insurance and retail banking services to individuals as well as group insurance, reinsurance and retirement and savings products and services. The company operates its business through six segments: Retail, Group, Voluntary and Worksite Benefits, Corporate Benefit Funding, Latin America, Asia, and Europe, the Middle East and Africa. The Retail segment organized into two businesses: Life and Other, and Annuities. The Life and Other business products include variable life, universal life, term life, whole life, disability, property and casualty. The Annuities business offers a variety of variable and fixed annuities that are primarily sold to individuals and tax-qualified groups in the education, healthcare and not-for-profit sectors. The Group, Voluntary and Worksite Benefits segment is organized into two businesses: Group, and Voluntary and Worksite. The Group insurance products and services include life, dental, group short- and long-term disability and accidental, death and dismemberment coverages. The Voluntary and Worksite products and services include long-term care, prepaid legal plans, critical illness and property and casualty products. The Corporate Benefit Funding segment provides funding and financing solutions that help institutional customers mitigate and manage liabilities primarily associated with their qualified, nonqualified and welfare employee benefit programs using a spectrum of life and annuity-based insurance and investment products. The Latin America segment engages in the accident and health insurance, savings oriented pension product and credit insurance. The Asia segment engages in the life insurance, accident and health insurance, retirement and savings products and credit insurance. The Europe, the Middle East and Africa segment operates in 31 countries across EMEA, which is engaged in the life insurance, accident and health insurance, retirement and savings products and credit insurance. Metlife was founded on March 24, 1868 and is headquartered in New York, NY.“
MetLife’s vision of being the leading global life insurance and employee benefits company guides the company’s response to people’s growing need for first-rate financial products and services through various life stages and economic cycles. MetLife’s trusted brand, capital strength, and existing relationships with millions of individual and institutional customers around the globe uniquely position MetLife among its competitors.
On November 1, 2010, MetLife added significant scale and reach to its international footprint by acquiring American Life Insurance Company (Alico) from American International Group, Inc. (AIG) for $16.4 billion. Starting in 1921, Alico grew to become one of the largest and most diversified international insurance companies in the world—and the first foreign life insurance company licensed to sell in Japan. The acquisition of Alico transformed MetLife into a global life insurance and employee benefits powerhouse, with 90 million customers in more than 60 countries around the globe.
Today, a time when consumers are feeling a greater financial burden than ever before, MetLife is helping millions of customers create their own personal safety net. At no time in the company’s history has MetLife been as well positioned to capitalize on its history, its reputation for security and stability, and its innovative products and services as it is today.
In the future, MetLife will continue to grow its business with focus, innovation and profitability. This will be accomplished by drawing on the reservoir of history that has produced an enduring set of corporate values based on more than 140 years of integrity, social responsibility, strong leadership and financial strength.”
*Information from Forbes.com and Metlife.com
**Video published on YouTube by “Weber Shandwick“