America's Top 20 Bank Holding Companies

Metlife, Inc.

Metlife, Inc., Metropolitan Life Insurance Company, is listed as number six on the Federal Financial Institutions Examination Council (FFIEC). Currently, Metlife, Inc. has over $819 billion in assets.

Details about Metlife, Inc.

Metlife, Inc. is one of the largest financial institutions in the world. This company is headquartered out of New York and has a presence all over this world. This company is unique from others because it is not only a leader in the banking industry, but it is also a leading global provider of insurance products and annuities. Currently, Metlife, Inc. services over 90 million customers, and this occurs in over 50 different countries.

The Beginnings

In 1863, a group of New York City businessmen organized the National Union Life and Limb Insurance Company. The reason this occurred was primarily to provide insurance services to Civil War soldiers. Although the company began slowly, and things did not look promising, things began to change just a few years later. This company went through several name changes until it became Metropolitan Life Insurance Company (MetLife) in 1868. At this time, the company ran its operations out of a two-room office. The population in the U.S. was approximately 37 million and few people had electricity.

This company too faced problems. A depression came through the land in the 1870s and few life insurance companies made it through this time period. The president of the country made a decision that would change the way things were going. He began hiring door to door salesmen to sell insurance policies, and by 1880 they were selling 700 policies each day.

Products and Services

The fact that Metlife provides life insurance has made this financial company one of the largest today. Today, this company is the largest provider of life insurance in this country and Mexico. The following products and services are currently offered by Metlife:

  • Life Insurance - Metlife's insurance products are numerous, including term-life insurance as well as permanent life, whole life, universal life and variable life insurance.
  • Dental - They currently offer dental insurance to over 20 million people.
  • Disability - Metlife also provides disability products through employee and individual programs, including short-term and long-term disability insurance.
  • Annuities - This company is one of the largest providers of annuities. Their products include fixed, variable, deferred and immediate annuities.
  • Auto and Home - Metlife also offers a wide variety of auto and home insurance products. This includes insurance coverage on boats, mobile homes and motorcycles.
  • Other Products - There are numerous other products offered, including critical illness insurance, banking activities and mortgages.

Current Operations

Metlife has over 140 years of experience in the insurance and financial industry. They are a leading company in the industry and are continuously growing worldwide.