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 The MetLife Building at 200 Park Avenue in New York City | |
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | March 24, 1868 |
| Headquarters | MetLife Building New York City, U.S. |
Key people |
|
| Services | Insurance, annuities, employee benefits |
| Revenue |  US$66.91 billion (2023)[1] |
| US$2.162 billion (2023)[1] | |
| US$1.578 billion (2023)[1] | |
| AUM |  US$600.8 billion (2023)[2] |
| Total assets | US$687.6 billion (2023)[1] |
| Total equity | US$30.02 billion (2023)[1] |
Number of employees | c. 45,000 (2023)[1] |
| Subsidiaries | PNB MetLife India Insurance Company |
| Website | metlife |
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]
- ^ a b c d e f "Metlife, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 16, 2024.
- ^ "Metlife Assets Under Management December 31, 2023" (PDF). MetLife. Retrieved June 4, 2024.
- ^ 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.
- ^ Staff & Wire Reports (March 11, 2010). "MetLife Expands Beyond 'Slow Growth' U.S. Market". Tulsa World. Retrieved December 16, 2015.
- ^ "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.
- ^ 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.
- ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved November 10, 2018.
- ^ "Company Highlights" (PDF). Archived (PDF) from the original on March 21, 2012. Retrieved March 2, 2011.
- ^ "In Play". Daily Deal. April 7, 2000.
- ^ 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)
- ^ "KASB FL, MetLife Alico Sign Investment Agreement". Pakistan Observer. December 31, 2010. Retrieved March 14, 2011.[dead link]
- ^ 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.
- ^ Scism, Leslie; Morris, Keiko (March 19, 2015). "MetLife to Unify at Namesake Tower". Wall Street Journal. ISSN 0099-9660. Retrieved June 3, 2021.
- ^ "Important Information About MetLife's U.S. Retail Business Separation". www.metlife.com. Archived from the original on May 5, 2017.
- ^ "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.