MetLife

July 16, 2010US Companiesby EconomyWatch

0



In 2008, MetLife was ranked #73 by Forbes in its list of 2000 global public companies. Decent sales and profits generated by this firm helped it to be ranked in top 100 companies listed in Forbes Global 2000.
MetLife headquarters is located in New York, USA. MetLife is short for Metropolitan Life Insurance Company. Largest life insurer in United States, MetLife life insurance policies are worth about $3.3 trillion. Services of MetLife are availed by almost 90 Fortune 100 companies.

Brief history
Origin of MetLife can be traced as far back as 1863 when some New York City businessmen arranged capital of $100,000 to establish National Union Life and Limb Insurance Company. In 1868, focus shifted completely to life insurance business. By end of 1868, MetLife had already issued 1,477 policies worth $4,340,000. In 2000, IPO was launched by MetLife.

Products and services
MetLife offers several useful insurance products and services to its clients. Major products provided by MetLife include auto and home insurance, life insurance, disability insurance, retirement planning, long-term care insurance, wealth management, group life insurance, annuities, mutual funds, and banking and financial products. This company also operates a reinsurance business in America that serves customers worldwide.

Financials
In 2007, total sales generated by Metlife amounted to $53.941 billion. Profits during same period of time were worth about $3.342. MetLife held assets worth nearly $521.299 billion. Total employee count of this firm was about 49,000.

Awards and recognition
In 2008, MetLife obtained a rating of 100 percent from Human Rights Campaign for Corporate Equality Index. In 2007, MetLife was included in National Association for Female Executive's list of “Top Companies for Executive Women”. Working Mothers magazine has consistently identified MetLife as one of “100 Best Companies for Working Mothers”.

Current financial crisis
MetLife has not been seriously affected by global financial crisis. This company is cash-rich and is expected to grow in strength. In fact MetLife India has announced its plans to hire 2,000 managers and 30,000 advisors by March, 2008.


blog comments powered by Disqus