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MetLife

MetLife
Company nameMetLife, Inc.
Company typePublic
IndustryInsurance and Finance
Founded1868
HeadquartersNew York City, New York, U.S.
Key peopleC. Robert Henrikson
(Chairman) ,
Steven A. Kandarian
(President and CEO)
ProductsInsurance, Annuities, Employee Benefits, Banking
Revenue(+) US$ 52.717 billion (2010)
Operating income(+) US$ 3.958 billion (2010)
Net income(+) US$ 2.786 billion (2010)
Total assets(+) US$ 730.906 billion (2010)
Total equity(+) US$ 48.996 billion (2010)
Employees66,000 (2010)

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MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company, or MetLife, for short, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries. The firm was founded on March 24, 1868.

On January 6, 1915, MetLife completed the mutualization process, changing from a stock life insurance company owned by individuals to a mutual company operating without external shareholders and for the benefit of policyholders. The company went public in 2000. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia’s Pacific region, Europe, and the Middle East. MetLife is the largest life insurer in the United States and serves 90 of the largest Fortune 500 companies. The company’s principal offices are located at 1095 Avenue of the Americas in Midtown Manhattan, New York City, though it retains some executive offices and its boardroom in the MetLife Building, located at 200 Park Avenue, New York City, which it sold in 2005.


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