BNET Industries
MetLife Inc. (MET) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $53.0B
- Profit
- Dec 31 2007
- $4.3B
- Market Cap
- Dec 03 2008
- $20.8B
Latest News and Analysis
MetLife Says Commercial Mortgage Portfolio Safe
NEW YORK (Reuters) - U.S. life insurer MetLife Inc MET disclosed information about its commercial mortgage portfolio on Wednesday in an effort to soothe investors that have become increasingly skittish about investments by insurers in commercial property debt.The insurer said it did not have exposure to two mortgages in a...
Insurers Await Fed OK For Cash Amid Capital Drain
By Lilla ZuillNEW YORK (Reuters) - Life insurers, needing to rebuild capital after being drained by investment losses, are joining the long line of U.S. companies seeking to borrow under the government's $700 billion financial rescue program.Insurers now face a nail-biting wait for government approval. And regardless of the answer,...
Metlife Inc., the largest U.S. life insurer, intends to buy Safeguard Health Enterprises Inc., which sells dental and vision plans in California, Florida,Texas and Nevada.(Life/Health)(Metropolitan Life Insurance Co.)(Brief article)
METLIFE INC., the largest U.S. life insurer, intends to buy SAFEGUARD HEALTH ENTERPRISES INC., ... METLIFE INC., the largest U.S. life insurer, intends to buy SAFEGUARD HEALTH ENTERPRISES INC., which sells dental and vision plans in California, Florida,Texas and Nevada. Terms weren't disclosed.
MetLife Auto & Home® the First National Insurer to Provide Identity Theft Resolution Service at no Additional Charge with its Auto Insurance Policies
WARWICK, R.I. -- MetLife Auto & Home today announced that it will be the first national insurer in the U.S. to provide identity theft resolution services on its automobile policies at no additional charge, in all states where approved by regulators. Last year, the company was the first insurer to...
Pru, MetLife see service declines, index finds; Life insurer customer satisfaction holds steady.(News)
Byline: Gary S. Mogel NEW YORK - Life insurers provided slightly above average customer service in 2005 compared with other industries, but two insurers' service capabilities plunged against 2004's strong results. Customers of Prudential Financ Byline: Gary S. Mogel ...
At the Bell; Insurers have ability to pay Katrina claims.(Late News)
The insurance industry can pay all of its obligations from the estimated $25 billion in losses from Hurricane Katrina, according to A.M. Best Co., a rating agency based in Oldwick, N.J. But Best also said in its Thursday announcement that a few ins The...
A special pool: two insurers find conditions are right for moving executives out of group term-life plans.(Group UL/VUL)(MetLife Inc.)(MassMutual Financial)(Universal life insurance)(Variable universal life insurance)
In the marketplace of employee benefits, group universal life/variable universal life is a classic niche product. It is not well known among employers, is not much sold except by two insurers, and it may be hard for other writers to break into the bu In the...
AIG overtakes MetLife as biggest life insurer.(Briefing)(American International Group Inc.)
American International Group Inc. has emerged as the largest U.S. life insurance company based on admitted assets--overtaking the former leader, MetLife. But, AIG's claim on the top spot may be short lived when MetLife closes on a pending $11.5 billi American International Group Inc. has emerged...
Insurer-related banks expand agent arsenal: new products expand portfolio, tighten grip on clients, provide growth capital.(New Opportunities)
WHILE THE GRAMM-LEACH-BLILEY Act might not have inspired many banks to get into the insurance underwriting business, it did spur insurers to dip their toes into banking. State Farm, Allstate, ING, MetLife and the National Association of Mutual Ins WHILE THE GRAMM-LEACH-BLILEY Act...
Teachers, MetLife lead insurer ranking again.(Teachers Insurance Co.)(Metropolitan Life Insurance Co.)
Teachers Insurance remained the most-active originator of commercial mortgages among insurance companies in 2003--the eighth consecutive year it has taken the crown. Teachers Insurance remained the most-active originator of commercial mortgages among insurance companies in 2003--the eighth consecutive year it has taken the...
Liberty Mutual, MetLife recover fraud losses.(Reporter's Notebook)
In a fraud suit against lawyers and medical clinic operators in Massachusetts, Liberty Mutual and Metropolitan Life Auto & Home have reached settlements awarding the insurers $1.8 million in restitution. The insurers had flied the civil suit unde In a fraud suit against lawyers and medical...
MetLife solidifies position as No. 1 group life insurer.(News)(Metropolitan Life Insurance Co.)
Byline: JUDY GREENWALD NEW YORK-New York-based Metropolitan Life Insurance Co. has agreed to purchase Boston-based John Hancock Life Insurance Co.'s group life insurance business for an undisclosed amount, in a transaction expected to close later Byline: JUDY GREENWALD NEW...
Teachers, MetLife Top 2002 Loan Ranking.(Teachers Insurance was most-active originator among life insurance companies in 2002)
Despite a 16% drop in volume, Teachers Insurance was the most-active originator among life insurance companies in 2002, marking the seventh straight year it has won the crown. Despite a 16% drop in volume, Teachers Insurance was the most-active originator among life insurance companies...
NY insurers reap gains on customers' pain; Big firms take old-fashioned approach: Raise prices, tighten policies, cut costs.(News)(American International Group, MetLife and New York Life expect profit improvements)
Byline: jacqueline s. gold The tough economic environment is turning out to be surprisingly good for New York's top three insurance companies. The enormous drop in the stock market, coupled with the events of Sept. 11, gave insurance companies b Byline:...
Late News.(multiple briefs)
American Airlines to claim $2.3 billion AMR Corp., the parent of American Airlines, expects to recover $2.3 billion from its insurers for losses arising from the Sept. 11 terrorist attacks in the United States. Two American Airlines jets were hijac American Airlines to claim...
MetLife goes big in US. stock market.
* NewYork-based MetLife Inc., the country's biggest life insurer based on assets, said it invested $1 billion in a broad mix of U.S. stocks last Friday. "We are making this strong move today because we have enormous ... ...
Where will MetLife take its 1,700 jobs?; White Plains seen as likely; insurer also eyes NJ, Long Island City sites.(Brief Article)
The financial reasoning behind MetLife Inc.'s recent real estate deal with Credit Suisse First Boston is clear: By leasing its trademark midtown headquarters to the financial behemoth and moving to cheaper quarters itself, MetLife should net a saving The financial reasoning behind MetLife Inc.'s recent real...
Insurers Seek To Increase Ethnic Market Share.(Brief Article)
With over an estimated $1 trillion in purchasing power available within the multicultural markets, insurers are taking steps to assure themselves a place within those markets. Recently, Allstate announced the expansion of its ethnic marketing depa With over an estimated $1 trillion in...
Foreign Firms Seek Right Match In India.(Statistical Data Included)
New Delhi Now that the ground rules for foreign investments in domestic insurers have been more or less specified by the regulator, the corporate scene in Indian insurance is going through some dramatic changes, with a flurry of partnership deals New Delhi...
Foreign Firms Seek Right Match In India.(Allianz Lebensversicherungs AG)
Now that the ground rules for foreign investments in domestic insurers have been more or less specified by India's regulator, the corporate scene in Indian insurance is going through some dramatic changes, with a flurry of partnership deals being ann Now that the ground rules for...
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- Incorporated: 1999
- CEO: Mr. C. Robert Henrikson
MetLife is a provider of insurance and other financial services with operations throughout the U.S. and the regions of Latin America, Europe, and Asia Pacific. Through its domestic and international subsidiaries and affiliates, Co. provides life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations and other institutions. Co. operates through five segments: Institutional, Individual, Auto & Home, International and Reinsurance, as well as Corporate & Other. As of Dec 31 2007, Co. had $558.56 billion of total assets.
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MetLife Inc. Company Info
Board of Directors
Mr. C. Robert Henrikson
Chairman
Mr. Burton A. Dole Jr.
Dr. R. Glenn Hubbard Ph.D.
Mr. James M. Kilts
Dr. David Satcher
Ms. Sylvia Mathews Burwell
Mr. Eduardo Castro-Wright
Ms. Cheryl W. Grisé
Mr. William C. Steere Jr.
Ms. Lulu C. Wang
General John M. Keane
Mr. Hugh B. Price
Mr. Kenton J. Sicchitano
Contact Information
One Madison Avenue
New York, NY
212 578-2211
NAICS Code
Insurance Agencies and Brokerages: 524210Brought to you by IBM
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