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what is Met life insurance?

Met life insurance

MetLife, Inc. is the holding partnership for the Metropolitan Life Insurance Company (MLIC), also called MetLife, and its subsidiaries.

MetLife is among the biggest worldwide suppliers of protection, annuities, and representative advantage programs, with 90 million clients in more than 60 countries.

The firm was established on March 24, 1868. MetLife positioned No. 43 in the 2018 Fortune 500 rundown of the biggest United States partnerships by aggregate income.

Met life insurance

Type
Public
Traded as
  • NYSE: MET
  • S&P 100 Component
  • S&P 500 Component
Industry Financial services
Founded March 24, 1868; 150 years ago
Headquarters
  • MetLife Building
  • New York, New York, U.S.
Key people
  • Steven A. Kandarian(President, Chairman, & CEO)
Products Insurance, Annuities, Employee Benefits
Revenue Increase US$ 62.308 billion (2017)
Operating income
Decrease US$ 3.536 billion (2017)
Net income
Increase US$ 4.010 billion (2017)
Total assets Decrease US$ 719.892 billion (2017)
Total equity Decrease US$ 58.676 billion (2017)
Number of employees
49,000 (2017)
Website MetLife.com

On January 6, 1915, MetLife finished the mutualization procedure, transforming from a stock extra security organization possessed by people to a common organization working without outside investors and to help policyholders.

The organization opened up to the world in 2000. Through its backups and members, MetLife holds driving business sector positions in the United States, Japan, Latin America, Asia’s Pacific district, Europe, and the Middle East.

MetLife serves 90 of the biggest Fortune 500 organizations The organization’s primary workplaces are situated at 200 Park Avenue, New York City in Midtown Manhattan, New York City, however it holds some official workplaces and its meeting room in the MetLife Building, situated at 200 Park Avenue, New York City, which it sold in 2005.

In January 2016, the organization declared that it would turn off U.S. Retail business, including singular life coverage and annuities for the retail showcase,

in a different organization called Brighthouse Financial. They will keep up the MetLife name on MetLife Stadium. On March 6, 2017, the isolated U.S. Retail business propelled Brighthouse Financial – an autonomous organization concentrated on disaster protection and annuities.

Starting at 2010, the organization was “sorted out into five fragments: Insurance Products, Retirement Products,” the US Business (counting Auto and Home and Corporate Benefit Funding), and International. The Insurance Products division was the biggest unit, representing 53% of 2009 income. By 2015, a division alluded to as “Americas” had risen.

Corporate administration

This area needs development. You can help by adding to it. (December 2015)

Starting in 2011, MetLife’s CEO was Steve Kandarian. Kandarian likewise filled in as the organization’s director of the board and president starting at 2015.

In 2015, MetLife employed Hugh Dineen to fill the new job of head advertising officer inside the US Business Unit.

As in some extensive, open enterprises, MetLife has a pay board of trustees which sets up remuneration levels for the organization’s senior officials; MetLife pay stresses “variable execution based pay over settled or ensured pay

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