MetLife

MetLife, Inc. is that the holding corporation for the Metropolitan life assurance Company, or MetLife for brief, and its affiliates. MetLife is among the biggest international suppliers of insurance, annuities, and worker profit programs, with ninety million customers in over sixty countries The firm was supported on March twenty four, 1868

On January 6, 1915, MetLife completed the mutualization method, ever-changing from a stock life assurance company in hand by people to a mutual company in operation while not external shareholders and for the good thing about policyholders the corporate went public in 2000 Through its subsidiaries and affiliates, MetLife holds leading market positions within the us, Japan, geographic area, Asia’s Pacific region, Europe, and therefore the square measurea|geographic area|geographical region|geographic region} MetLife serves ninety of the biggest Fortune five hundred firms The company’s principal offices are settled at 1095 Avenue of solid ground in Midtown Manhattan, big apple town, although it retains some government offices and its room within the MetLife Building, settled at two hundred Park Ave., big apple town, that it oversubscribed in 2005

In 2004, MetLife continued to carry its position because the largest life underwriter within the us, in step with The port of entry Gate. the corporate had $2.5 trillion in policies written, $350 billion in assets underneath management, over twelve million customers within the us, eight million customers outside the us, and a net in 2003 of $2.2 billion.That year, Barron's reported that thirteen million yankee households in hand a minimum of one product from MetLife.

MetLife named parliamentarian H. Benmosche as chairman and chief executive officer in July 1999. Benmosche occupied the position till 2006, once he was replaced by C. parliamentarian Henrikson

The company's sales grew eleven.5% between 2008 and 2009, despite the national recession In 2011, chief executive officer parliamentarian Henrikson was replaced by Steven A. Kandarian, a former 

private-equity government

MetLife’s individual life assurance product and services comprise term life assurance and several other sorts of permanent life assurance, as well as whole life, universal life, and final expense whole life assurance These services vary with reference to the length and quantity of coverage on the market and whether or not a examination is needed for coverage. the corporate additionally offers cluster life assurance, provided through employers, that consists of term life, permanent life, and accidental death and taking apart coverage. MetLife is that the largest life underwriter within the us, supported life assurance in-force

MetLife machine & house is the name for MetLife’s 9 affiliate personal lines insurance firms put together these firms supply personal lines property and casualty insurance policies all told fifty states and therefore the District of Columbia.The flagship company within the MetLife machine & Home cluster, Metropolitan Property and Casualty insurer, was supported in 1972. MetLife machine & Home firms presently have over a pair of.7 million active policies and repair fifty eight of the Fortune a hundred firms

MetLife's home insurance solutions embrace householders insurance, condominium insurance, renters insurance, insurance for landlords, and trailer insurance. The on the market policies for MetLife's home insurance give coverage for possessions, property injury from natural disaster or thieving, and numerous legal expenses incurred ensuing from injuries sustained on somebody's property. the businesses additionally sell recreational vehicle, ATV, boat, trailer, collectible vehicle, and motorbike policies and offers flood insurance policies as a participant within the National Flood Insurance Program (NFIP), that is managed by the federal MetLife's numerous sorts of coverage for machine insurance embrace liability protection, collision and comprehensive coverage, personal injury protection, rental automotive coverage, and uninsured and underinsured motorists coverage Through a briefing with Hyatt Legal Plans, a subsidiary of MetLife, MetLife machine & Home underwrites cluster legal plans in many nations.

It was the primary national underwriter within the U.S. to supply identity-theft resolution services at no additional premium and as of 2012 continues to try to to therefore nowadays in most U.S. states In 2010, MetLife machine & Home began giving their GrandProtect arrange in most states. This GrandProtect policy simplifies complicated insurance wants by combining a client's home, valuable things, autos, RVs, and boats into one comprehensive policy package. the last word edges to the patron square measure having one bill, only 1 deductible, comprehensive coverage, and generally lower rates than making an attempt to induce every policy separately

MetLife was named the “Best Managed insurer for 2008” by Forbes magazine. for 3 consecutive years (2008–2010) the corporate has additionally appeared on FORTUNE’s list of the most-admired firms. MetLife was recognized by Diversity Master in Business Administration magazine joined of its “Top fifty firms for numerous Managers” in 2007, 2008, 2009 and 2010. The magazine highlighted MetLife’s Enterprise Diversity Council and noted however the council helps “set direction, communicate strategy and guarantee consistency of the range message across MetLife. For eleven consecutive years (1999–2009) MetLife has been named by operating Mother magazine joined of the “100 Best firms for operating Mothers,” specifically for giving versatile schedules, remote operating capabilities and numerous kid care choices MetLife has additionally been awarded an ideal score for seven consecutive years (2004–2010) by the Human Rights Campaign Foundation for its company Equality Index-Best firms for folks that square measure Gay, Lesbian, Bisexual, or Transgendered.