Met Life

MetLife, Inc.

Type	Public
Traded as	: MET S&P 100 Component S&P 500 Component
Industry	Financial services
Founded	March 24, 1868; 149 years ago (1868-03-24)
Headquarters	MetLife Building New York, New York, U.S.
Key people	Steven A. Kandarian (President, Chairman, and CEO)
Products	Insurance, Annuities, Employee Benefits
Revenue	US$70.014 billion (2016)
Operating income	US$6.6 billion (2014) US$3.958 billion (2010)
Net income	US$2.786 billion (2010)
Total assets	US$730.906 billion (2010) US$539.314 billion (2009)
Total equity	US$48.996 billion (2010)
Number of employees	66,000 (2010)
Website	MetLife.com

MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries. The firm was founded on March 24, 1868.

On January 6, 1915, MetLife completed the mutualization process, changing from a stock life insurance company owned by individuals to a mutual company operating without external shareholders and for the benefit of policyholders. The company went public in 2000. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia’s Pacific region, Europe, and the Middle East. MetLife serves 90 of the largest Fortune 500 companies. The company’s principal offices are located at 200 Park Avenue, New York City in Midtown Manhattan, New York City, though it retains some executive offices and its boardroom in the MetLife Building, located at 200 Park Avenue, New York City, which it sold in 2005.

In January 2016, the company announced that it would spin off U.S. Retail business, including individual life insurance and annuities for the retail market, in a separate company called Brighthouse Financial. They will maintain the MetLife name on MetLife Stadium. On March 6, 2017, the separated U.S. Retail business launched Brighthouse Financial – an independent company focused on life insurance and annuities.

As of 2010^[update], the company was "organized into five segments: Insurance Products, Retirement Products," the US Business (including Auto & Home and Corporate Benefit Funding), and International. The Insurance Products division was the largest unit, accounting for 53% of 2009 revenue. By 2015, a division referred to as "Americas" had emerged.