MetLife, Inc. history, company profile (overview) and corporate video
MetLife, Inc. is the holding company for Metropolitan Life Insurance Company and its affiliates. It is headquartered in New York City, New York, United States.
MetLife and its affiliates offer a full range of insurance (life, accident, health insurance, non-medical health, and property and casualty insurance), retirement and savings, and other financial products and services to individuals, small businesses and large institutions.
HISTORY
MetLife’s origins date back to 1863 when its predecessor, the National Union Life and Limb Insurance Company, was founded by a group of New York City businessmen. The National Union Life and Limb Insurance Company began business in1864 insuring Civil War sailors and soldiers against wartime-related disabilities.
In 1868, the company became known as Metropolitan Life Insurance Company after dropping the casualty business and focusing solely on the life insurance business.
In 1992, the company merged with United Mutual Life Insurance Company.
In 1999, it acquired Lincoln National Corporation‘s individual disability income unit, It also acquired the reinsurance provider GenAmerica Corporation.
In 2000, MetLife was listed on New York Stock Exchange.
In 2001, the company acquired Grand Bank of Kingston, New Jersey, which was renamed MetLife Bank.
In 2005, MetLife acquired Citigroup’s Travelers Life & Annuity and all of Citigroup’s international insurance businesses
In 2010, American Life Insurance Company (Alico) was acquired from American International Group, Inc. (AIG).
2011, the company sold MetLife bank to GE Capital.
With more than 40,000 employees, MetLife, Inc. is considered one of the largest providers of life, non-medical health, and property and casualty insurance in the world. It is also one of the leading providers of savings and retirement products and services. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.metlife.com/asiaagency/en.
**Video published on YouTube by “Weber Shandwick“