MetLife
Headquarters:
200 Park Avenue
New York, NY 10166
Phone: (212) 578-2211
Employees: 47,000
CEO: Robert Henrikson
Stock Symbol: MET
Website:
http://www.metlife.com
Career Site
MetLife is a leading provider of insurance
and other financial services to individuals and institutional
customers. The MetLife companies reach more than 70 million
customers around the world. MetLife is the nation's leading life
insurance company.
Through its subsidiaries and affiliates,
MetLife offers life insurance, annuities, automobile and homeowner's
insurance and retail banking services to individuals, as well
as group insurance, reinsurance and retirement and savings products
and services to corporations and other institutions.
Outside the U.S., the MetLife companies
serve approximately 9 million customers through direct insurance
operations in Argentina, Brazil, Chile, China, Hong Kong, India,
Indonesia, Mexico, South Korea, Taiwan and Uruguay.
In August, MetLife announced it would acquire
Safeguard Health Enterprises. SafeGuard provides dental and vision
benefit products in California, Florida, Texas and Nevada through
HMO subsidiaries in these states, as well as through an insurance
subsidiary, SafeHealth Life Insurance Company.
The company is best known for using Snoopy
from the Peanuts comic strip as part of its advertising and promotional
campaigns. MetLife uses two blimps, Snoopy 1 and Snoopy 2, to
provide coverage of aerial and sporting events.
In 2006, MetLife reported record net income
of $6.1 billion on revenues of $48.3 billion.
History
The origins of Metropolitan Life Insurance
Company (MetLife) go back to 1863, when a group of New York City
businessmen raised $100,000 to found the National Union Life
and Limb Insurance Company.
The new company insured Civil War sailors
and soldiers against disabilities due to wartime wounds, accidents,
and sickness. In 1868, after several reorganizations and five
difficult years, the company decided to focus on the life insurance
business. A new company was chartered to sell "ordinary"
insurance to the middle class. The founders chose the name because
they had been most successful in New York City, or the "Metropolitan"
District.
In 1931 MetLife provided the outside capital
to build Rockefeller Center. It also lent money to construct
the Empire State Building in 1929, and virtually saved this project
from bankruptcy.
The MetLife Blimp program began in 1987
and now has two blimps that travel 120,000 miles a year.
MetLife went public in 2000.
The company acquired Traveler's Life &
Annuity and Citigroup's international insurance business in 2005
for $12 billion.
Benefits
Company benefits provided include:
- Medical, dental, life and mental health
coverage, disability
- 401(k)
- Long-term care
- Adoption assistance program
- Domestic partner benefits
- Lactation centers
- Tuition refund program
- Paid time off
- Paid holidays
- Fitness programs
- Flexible work arrangement
Updated August 25, 2007
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