MetLife, Inc.

Overview

Date Founded

1868

Headquarters

200 Park Avenue New York, New York, 10166, United States

Type of Company

Public

Employees (Worldwide)

46.5K

Industries

Other Insurance Services
Insurance: Life & Health
Other Business & Consulting Services
Market & Policy Research
Accounting & Financial Services
Insurance: Property & Casualty

Company Description

MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe, the Middle East and Africa.

Website

http://www.metlife.com

Contact Data

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In The News

Reinsurance News

February 25, 2021

Geneva Association task force develops climate framework for re/insurers

Business Wire

February 25, 2021

MetLife Completes $5 Billion Longevity Reinsurance Transactions with Rothesay

Nasdaq

January 11, 2021

Sun Life (SLF) Up 29% in 6 Months: More Room for Upside?

Business Wire

January 11, 2021

MetLife Completes Longevity Reinsurance Transactions With Legal & General

The New York Times

January 3, 2021

Paid Notice: Deaths EDDS, JOHN R.

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Executives & Employees

Michel Khalaf

Director, President & Chief Executive Officer

Leland Convis Launer, Jr.

President

John D. McCallion

Executive Vice President & Chief Financial Officer

Steven Jeffrey Goulart

Executive Vice President & Chief Investment Officer

James Louis Lipscomb

General Counsel

Stephen W. Gauster

Executive Vice President & General Counsel

Esther Lee

Executive Vice President & Global Chief Marketing Officer

Marlene Debel

Chief Risk Officer & Executive Vice President

Pawan Verma

Chief Information Officer & Executive Vice President

Tamara L. Schock

Executive Vice President & Chief Accounting Officer

Board of Directors

Glenn Hubbard

Co-Director at Columbia University - Richard Paul Richman Center for Business, Law, and Public Policy

William E. Kennard

Co-Founder at Astra Capital Management LLC

Gerald L. Hassell

Former Chairman & Chief Executive Officer at The Bank of New York Mellon Corporation

Denise Morrison

Former Senior Vice President & President-North America Soup, Sauces & Beverages at Campbell Soup Co.

Carlos Gutierrez

Co-Founder at TheDream.US

Ned Kelly

Adjunct Faculty at University of Virginia - School of Law

David L. Herzog

Chief Financial Officer & Executive Vice President at AIG Investments

Cheryl W. Grisé

President at Yankee Gas Services Co.

Mark A. Weinberger

Director at Saudi Arabian Oil Co.

Catherine Kinney

Former President & Co-Chief Operating Officer at NYSE Group, Inc.

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MetLife, Inc.

Owners & Shareholders

Details Hidden

Dodge & Cox, Inc.

Dodge & Cox employs in-house, fundamental bottom-up research, a rigorous valuation discipline, and maintains a long-term investment horizon. Their investment decisions are made by a team of seasoned investment professionals. The firm’s approach stresses an evaluation of risk relative to opportunity and they seek investments that they believe are undervalued by the market.

Details Hidden

Franklin Advisers, Inc.

Franklin Advisers provides advisory services to a range of products and separate accounts which utilize various investment strategies including: equity, fixed income, core, hybrid, and multi-asset strategies. The accounts advised by the firm accommodate a variety of investment goals and risk tolerance – from capital appreciation (with more growth-oriented strategies) to capital preservation (with fixed income strategies). Each portfolio emphasizes different strategies and invests in different types of securities.

Details Hidden

RBC Capital Markets LLC (Investment Management)

RBC Capital Markets provides discretionary investment management services to clients using a multi-manager, multi-asset-class approach that provides a range of strategies and investment vehicles and styles to ensure the appropriate diversification of investments. Investment strategies and asset mix used in the construction of portfolios may include a variety of securities including, but not limited to: eligible equity securities (both foreign and domestic), investment grade bonds, escrowed to maturity bonds and fully pre-refunded bonds (both taxable and non-taxable), and wrap-eligible mutual funds and ETPs.

Recent Transactions

Details Hidden

MetLife, Inc. purchases PetFirst Healthcare LLC

Details Hidden

MetLife, Inc. purchases Bequest, Inc. from Radiant Venture Capital Ltd., Sound Ventures LLC, 500 Startups Management Co LLC, Switch Ventures Management LLC, Ironfire Ventures, Y Combinator LLC

Details Hidden

Brighthouse Financial, Inc. issued . USD Common Stock

Transaction Clients

Brighthouse Financial, Inc.

Advised on Brighthouse Financial, Inc. issued . USD Common Stock

Insider Transactions

Details Hidden

Michel Khalaf

Details Hidden

Oscar Schmidt

Details Hidden

Esther Lee

Transaction Advisors

Accountant

Deloitte Touche Tohmatsu Services LLC

Advised onMetLife, Inc. purchases Travelers Life & Annuity Company from Citigroup, Inc.

Underwriter

Credit Suisse Securities (USA) LLC (Broker)

Advised onMetLife, Inc. issued USD Common Stock

Underwriter

Deutsche Bank Securities, Inc.

Advised onMetLife, Inc. issued USD Common Stock

Attorney

John M. Schwolsky

Advised onMetLife, Inc. issued USD Common Stock

Attorney

Vladimir Nicenko

Advised onMetLife, Inc. purchases American Life Insurance Co. from AIG

Legal Advisor

Adam Oliver Emmerich

Advised onThe PNC Financial Services Group, Inc., BlackRock, Inc. purchase State Street Research & Management Co. from MetLife, Inc.

Advisors & Consultants

Advisor

Darcy A. Stacom

Chairman & Head New York City Capital Markets at CBRE, Inc.

Legal Advisor

Paul P. Chen

Partner at Mayer Brown LLP

Legal Advisor

Steven L. Kirshenbaum

Senior Partner at Proskauer Rose LLP

Clients

BlackRock, Inc.

BlackRock is trusted to manage more money than any other investment firm. Their business is investing on behalf of their clients — from large institutions to parents and grandparents, teachers, nurses, doctors and people from all walks of life who entrust their savings to them. They are passionate about their work and intensely focused on performing at the highest levels. To get there, they strive to out-think and out-work competitors and find the best balance of risk and return across all investment styles on behalf of their clients.

Brighthouse Financial, Inc.

Brighthouse Financial, Inc. operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others. The Annuities segment product offerings include fixed, structured, income and variable annuities. The Life segment manufactures products to serve its target segments through a broad independent distribution network. The Run-Off segment includes structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements and universal life with secondary guarantees. The Corporate & Other segment refers to the general account investments and the separate account assets of the company. The company was founded June 1863 and is headquartered in Charlotte, NC.

Marcus & Millichap, Inc.

Marcus & Millichap, Inc. engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.

Key Stats and Financials As of 2020

Market Capitalization

$50.5B

Total Enterprise Value

$62.1B

Earnings Per Share

$5.68

Revenue

$67.8B

Total Equity

$74.8B

Net Profit

$5.41B

TEVNet Income

11.49x

Debt TEV

0.31x

Enterprise Value / Sales

0.92x

Total Debt

$19B

Non-Profit Donations & Grants

$100 - $999

2018

North Park University

$50K - $100K

2018

The Damon Runyon Cancer Research Foundation

$25K - $50K

2018

The American Museum of Natural History

Non-Profit Donations & Grants Received

$20K

12/31/2014

The Claire & Maurits Edersheim Foundation

Political Donations

$500

1997

Eugene Moore

$500

1996

Eugene Moore

Investments

Details Hidden

SEI Asset Korea Co., Ltd.

SEI Asset is an active, long-term, value-oriented manager which employs a bottom-up approach to equity investment. The firm performs fundamental research to identify undervalued stocks, considering criteria such as PER, EBITDA, PBR and DCF. Once equity investments are made, SEI Asset normally holds them until they reach their target price.The firm approaches fixed-income investments on a mid-term basis, believing that research is the best way to achieve stable performance. They focus on duration management and issues selections, employing a team-based decision making process.SEI Asset's index investment objective is to consistently create stable alpha within a strictly controlled tracking-error range, based on their enhanced index strategies. The firm performs fundamental analysis and constructs an index-tracking portfolio using an in-house optimization model.

Details Hidden

Enigma Technologies, Inc.

Enigma Technologies, Inc. operates as a database software provider. It offers geo-coding, custom data acquisition, behind the firewall, time series and join analysis, augmented research tools, and entity resolution. The company was founded by Marc DaCosta and Hicham Oudghiri in 2011 and is headquartered in New York, NY.

Details Hidden

BarrierSafe Solutions International, Inc.

BarrierSafe Solutions International, Inc. manufactures and markets disposable gloves and safety products. Its brands include Microflex and Onguard. The company is headquartered in Lake Forest, IL.

Investors

Details Hidden

Ashton Kutcher

Chairman of the Board, Co-Founder at A Sharp, Inc.

Details Hidden

Michael David Bishop

Life Peer at United Kingdom House of Lords

Details Hidden

Nathaniel C. Brinn

Investor at MetLife, Inc.

Suppliers

Highwoods Properties, Inc. Trusts & Funds | Raleigh, North Carolina

Highwoods Properties, Inc. operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa. The company was founded by Ronald P. Gibson in 1978 and is headquartered in Raleigh, NC.

Resources Connection, Inc. Management Consulting | Irvine, CA

Resources Connection We serve business from the inside. Partnering with client teams, we solve problems, implement initiatives and help drive change through all levels of businesses all over the world. Traditional consulting firms hire right out of school. We employ seasoned professionals so they can start adding value as soon as they begin an engagement. Our professionals are experienced problem solvers with 15-20 years experience in fields including finance and accounting, human capital, information management, internal audit, legal and supply chain. From 75 offices in North America, Europe and Asia Pacific, RGP serves 1,900 clients in 70 countries. We're a pioneering professional services firm, a global community with a new approach to consulting - from the inside out.

Acorn International, Inc. Retail: Other | Shanghai, China

Acorn International, Inc. operates as a marketing and branding company. It engages in developing, promoting, and selling a portfolio of proprietary-branded products, as well as new products from established third parties. The company operates through Direct-Sales Platforms as well as a Nationwide Distribution Network. The Direct-Sales Platform segment involves marketing and selling products directly to consumers in China through outbound marketing platform and Internet sales platform. The Nationwide Distribution Network segment covers distributors and retail outlets in all Chinese provinces. Acorn International was founded by Robert Walter Roche and Dong Jie Yang in 1998 and is headquartered in Shanghai, China.

Competitors

The Travelers Cos., Inc. Other Insurance Services - New York, NY

The Travelers Companies, Inc. is an American insurance company. It is the second largest writer of U.S. commercial property casualty insurance and the third largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City and its largest office in Hartford, Connecticut. Travelers also maintains a large office in St. Paul, Minnesota.It has been a component of the Dow Jones Industrial Average since June 8, 2009.

Chubb Ltd. Insurance: Property & Casualty - Switzerland

Chubb Ltd. operates as a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and supplemental health insurance (A&H), reinsurance, and life insurance. It operates through the following geographical segments: North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance. The North America Commercial P&C Insurance segment comprises operations that provide P&C insurance and services to large, middle market, and small commercial businesses in the U.S., Canada, and Bermuda. The North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services. The Global Reinsurance segment markets reinsurance products worldwide under the Chubb Tempest Re brand name and provides solutions for small to mid-sized clients and multinational ceding companies. The Overseas General Insurance segment comprises Chubb International and Chubb Global Markets. The Life Insurance segment comprises Chubb's international life operations, Chubb Tempest Life Re, and the North American supplemental A&H and life business of Combined Insurance. The company was founded on January 14, 2016 and is headquartered in Zurich, Switzerland.

AIG Other Insurance Services - Washington, DC

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG traces its root to 1919, when American Cornelius Vander Starr established a general insurance agency, American Asiatic Underwriters, in Shanghai, China. Since then, an enterprising spirit, ingenuity, and tenacity have built the company into one of the world’s leading insurers. Today, AIG is focused on what it has been known for since the beginning: the willingness and ability to provide insurance coverage to meet the diverse needs of its clients.

Awards & Honors

Rank #40

2016

Fortune Magazine - Fortune 1000 Companies