MetLife has been insuring the lives of the
people who depend on us for 140 years.
MetLife And Our Insurance Brokerage System Has To Offer!
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MetLife insurance brokerage
success is based on our long history of social responsibility,
strong leadership, sound investments, and innovative products and
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.
MetLife’s corporate vision – to
build financial freedom for everyone – guides the company’s response
to people’s growing need for first-rate financial products and
services through various life stages and economic cycles. MetLife’s
trusted brand, capital strength, and existing relationships with
millions of individual and institutional customers around the globe
uniquely position MetLife among its competitors.
The "everyone" in MetLife’s vision
took on added meaning in 2000 as the company welcomed an important
new constituency: shareholders. MetLife transformed itself from
mutual to stock ownership in April of that year through a
demutualization and initial public offering that was completed in
just 18 months after Board authorization.
The year 2001 was a true test of the
qualities that define MetLife. The company’s core values, brought to
life in what MetLife does every day, were no more evident than in
MetLife’s response to the tragic events that shook our nation on
September 11. MetLife responded quickly. The company served its
customers, communities and employees during this difficult time. At
the same time, MetLife invested $1 billion in a broad array of
publicly-traded common stocks.
In 2001, MetLife was the first
insurance company to establish a financial holding company with a
nationally chartered bank. Leveraging its unparalleled distribution
channels, MetLife entered the retail-banking arena with the launch
of MetLife Bank, making it an easy and convenient way for MetLife’s
customers to realize their financial goals.
MetLife announced in 2002 that it would be continuing its
long-standing relationship with Snoopy and the rest of the PEANUTS®
characters. The company signed a new contract that would allow the
characters to appear in MetLife’s domestic and international
advertising for the next 10 years.
The sale of State Street Research &
Management Company to Black Rock, Inc. was announced in 2004. In
line with MetLife’s strategy to focus on core business growth, the
sale benefited many of the company’s Individual and Institutional
Business clients who held investments through State Street Research,
as it became part of one of the largest publicly traded investment
management firms in the U.S.
The company’s stated long-term goal
is to become the recognized leader throughout the world for
relationship building, connectedness and caring in financial
services – in the "giant league" with over 100 million people as
MetLife customers by the year 2010.
MetLife took a major step toward
realizing this goal in 2005, when it acquired Travelers Life &
Annuity and substantially all of Citigroup’s international insurance
businesses for $12 billion. Completed on July 1, 2005, the Travelers
acquisition made MetLife the largest individual life insurer in
North America based on sales, the second largest provider of retail
annuities and the largest provider of institutional annuities.
magazine honored MetLife in 2005 by naming the company one of the
"100 Best Companies for Working Mothers," for the seventh
consecutive year. In 2005, the company was named to Diversity Inc.’s
list of the Top 50 Companies for Diversity. In early 2006, MetLife
was also named to the National Association for Female Executives’
annual list of Top 30 Companies for Executive Women.
In 2006, MetLife appointed C. Robert
(Rob) Henrikson chairman of the board of directors, president and
chief executive officer of MetLife, Inc. Henrikson was appointed CEO
on March 1, 2006 and chairman of the board on April 25, 2006.
Henrikson has been the architect of
an aggressive growth strategy that included double-digit organic
growth, the divestiture of non-core businesses, and an M&A strategy
which resulted in market leadership in all of MetLife’s core product
lines. Before it was commonly talked about, Henrikson recognized the
opportunities presented by the changing demographics in a global
marketplace and set the company on a course for continued success by
developing innovative products and services and strengthening the
company’s distribution power in the U.S. and 16 markets in Asia
Pacific, Latin America and Europe.
Today, a time when consumers are
feeling a greater financial burden than ever before, MetLife is
helping millions of customers create their own personal safety net.
At no time in the company’s history has MetLife been as well
positioned to capitalize on its history, its reputation for security
and stability, and its innovative products and services as it is
In the future, MetLife will continue
to grow its business with focus, innovation and profitability. This
will be accomplished by drawing on the reservoir of history that has
produced an enduring set of corporate values based on more than 138
years of integrity, social responsibility, strong leadership and