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MetLife information


MetLife, Inc.
Company typePublic company
Traded as
  • NYSE: MET
  • S&P 100 Component
  • S&P 500 Component
IndustryFinancial services
FoundedMarch 24, 1868; 156 years ago (1868-03-24)
HeadquartersMetLife Building
200 Park Avenue
New York City, New York, U.S.
Key people
  • Michel A. Khalaf (President & CEO)
  • Glenn Hubbard (Chairman)
ProductsInsurance, Annuities, Employee Benefits
RevenueIncrease US$71.08 billion (2021)[1]
Operating income
Increase US$8.13 billion (2021)[1]
Net income
Increase US$6.55 billion (2021)[1]
AUMUS$590.9 billion (2022)[2]
Total assetsDecrease US$759.71 billion (2021)[1]
Total equityDecrease US$67.75 billion (2021)[1]
Number of employees
~43,000 (2021)[1]
SubsidiariesPNB MetLife India Insurance Company
WebsiteMetLife.com

MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC),[3] better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries.[4][5] The firm was founded on March 24, 1868.[6] MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[7]

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.[8] After 85 years as a mutual company, MetLife demutualized into a publicly traded company with an initial public offering in 2000.[9] 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.[10] MetLife serves 90 of the largest Fortune 500 companies.[11]

MetLife's head offices and boardroom are located at the MetLife Building at 200 Park Avenue in Midtown Manhattan and New York City which MetLife owned from 1981 to 2005; despite the sale, MetLife increased its leased footprint in the building beginning in 2015.[12][13]

In January 2016, MetLife announced that it would spin off its U.S. retail business, including individual life insurance and annuities for the retail market, in a separate company called Brighthouse Financial, which launched in March 2017.[14] The continuing MetLife company kept naming rights to MetLife Stadium in East Rutherford, New Jersey.[15]

  1. ^ a b c d e f "Metlife, Inc. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 18, 2022.
  2. ^ "Metlife, About Us". MetLife. August 22, 2022.
  3. ^ Staff (October 2, 2015). "MetLife Announces Third Quarter Non-Cash Charge". Insurance Weekly News. Archived from the original on January 8, 2016. Retrieved December 20, 2015.
  4. ^ Staff & Wire Reports (March 11, 2010). "MetLife Expands Beyond 'Slow Growth' U.S. Market". Tulsa World. Retrieved December 16, 2015.
  5. ^ "MetLife and Fidelity Introduce New Retirement Income Solution: A Variable Annuity Designed to Provide Lifetime Income for Those Nearing or in Retirement" (Press release). Business Wire. November 16, 2009.
  6. ^ Botti, Timothy (2006). Envy of the world: a history of the U.S. economy & big business. New York, NY: Algora Publishing. pp. 140. ISBN 0-87586-431-7.
  7. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved November 10, 2018.
  8. ^ "Company Highlights" (PDF). Archived (PDF) from the original on March 21, 2012. Retrieved March 2, 2011.
  9. ^ "In Play". Daily Deal. April 7, 2000.
  10. ^ Lehmann, R.J. (June 4, 2010). "MetLife Sees Alico Deals as Door to Growth in China, Middle East". SNL Insurance M&A. Archived from the original on December 22, 2015 – via insurancenewsnet.(subscription required)
  11. ^ "KASB FL, MetLife Alico Sign Investment Agreement". Pakistan Observer. December 31, 2010. Retrieved March 14, 2011.[dead link]
  12. ^ Anthony Ramirez (April 2, 2005). "MetLife Sells 2nd Building, A Landmark On Park Ave". The New York Times. Archived from the original on February 3, 2015.
  13. ^ Scism, Leslie; Morris, Keiko (March 19, 2015). "MetLife to Unify at Namesake Tower". Wall Street Journal. ISSN 0099-9660. Retrieved June 3, 2021.
  14. ^ "Important Information About MetLife's U.S. Retail Business Separation". www.metlife.com. Archived from the original on May 5, 2017.
  15. ^ "MetLife Shelves 148-Year-Old U.S. Retail Brand for 'Brighthouse'". Bloomberg.com. July 21, 2016. Archived from the original on February 2, 2017 – via www.bloomberg.com.

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