Headquarters: 200 Park Avenue
New York, NY 10166
Phone: (212) 578-2211
CEO: Steven Kandarian
Stock Symbol: MET
MetLife is a leading provider of insurance and other financial services to individuals and institutional customers. The MetLife companies reach more than 90 million customers in over 50 countries. 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.
The company is best known for using Snoopy from the Peanuts comic strip as part of its advertising and promotional campaigns. MetLife also uses three full-time blimps -- Snoopy 1, Snoopy 2 and Snoopy J. The blimps cover 70 sporting events a year. There is a also a MetLife Blimp that flies in China.
MetLife signed a 25-year deal in 2011 for naming rights to the New Meadowlands Stadium, home of the NY Giants and NY Jets. The facility is now known as MetLife Stadium. The company is paying a reported $17-20 million a year for the naming rights.
MetLife reported revenues in 2013 of $69.29 billion with $52.8 billion coming from the Americas. Net income for the year was $3.39 billion.
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.
On November 1, 2010, MetLife acquired American Life Insurance Company (Alico) from American International Group, Inc. (AIG) for $16.4 billion.
Company benefits provided include:
- Medical, dental, life and mental health coverage, disability
- Long-term care
- Adoption assistance program
- Domestic partner benefits
- Lactation centers
- Tuition refund program
- Paid time off
- Paid holidays
- Fitness programs
- Flexible work arrangement