Metropolitan Life Insurance Company
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| MetLife Inc. | |
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| Type of co. | Public NYSE: MET |
|---|---|
| Founded | 1868 |
| Headquarters | New York, NY |
| Key people | Rob Henrikson, President and CEO |
| Industry | Finance and Insurance |
| Products | Insurance |
| Revenue |  $44.776 Billion USD (2005) |
| Net income | $4.651 Billion USD (2005) |
| Employees | 65,500 (2005) |
| Slogan | Have you met life today? |
| Website | www.metlife.com |
MetLife, Inc. NYSE: MET is the holding corporation for the Metropolitan Life Insurance Company or MetLife for short. The firm was founded on March 24, 1868. For most of its life the company was a mutual organization, but it went public in 2000.
In 1981, the company purchased the building owned by Pan American World Airways (Pan Am). The building would be renamed the MetLife Building in 1992, after Pan Am went out of business. This building is currently the domiciliary headquarters of the company and is the location of its historic board room; the leadership of MetLife is based in Long Island City, NY. Until 2005 MetLife was headquartered at One Madison Avenue, a location that includes two buildings that include the MetLife Tower. The MetLife Tower was the world's tallest building at the time of its completion in 1909. MetLife in 2005 sold the former Pan Am building and the two buildings at One Madison Avenue—including the MetLife Tower. They own space in at least 30 buildings in the US and one proposed building in Mexico. The company also had offices on the 89th floor of One World Trade Center in the North Tower.
With its 2005 acquisition of Travelers Life and Annuity from Citigroup for $11.8 billion, MetLife became the largest life insurance company in the United States. Prior acquisitions included New England Financial (the New England) and General American Insurance (GenAm). MetLife is ranked #60 on the Forbes list of the "World's 2000 Largest Public Companies."[1]
The company's mascot is Snoopy, from the Peanuts comic strip. MetLife has used the Peanuts characters in its advertising for more than two decades. The company's current advertising is built around "Guarantees for the if in life." Previous taglines include "Have you met life today?" and "Get Met, it pays."
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[edit] Products
Currently, MetLife offers a wide range of products, including:
- life insurance;
- dental insurance;
- disability income insurance;
- long-term care insurance;
- auto and boat insurance;
- home insurance;
- pet insurance;
- retirement planning;
- banking and financial services.
[edit] Employees
Metlife received a 100% rating on the Corporate Equality Index released by the Human Rights Campaign starting in 2003, the second year of the report. In addition, in 2004, the company was named one of the "100 Best Companies for Working Mothers" by Working Mother magazine.
