40 Facts About MetLife

MetLife, Inc is the holding corporation for the Metropolitan Life Insurance Company, 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.

MetLife ranked No 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

The continuing MetLife company kept naming rights to MetLife Stadium in northern New Jersey.

In 2015, MetLife hired Hugh Dineen to fill the new role of chief marketing officer within the US Business Unit.

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MetLife Bank was sold to GE Capital in 2013, and MetLife exited the banking business.

In 1909, MetLife had become the nation's largest life insurer in the United States, as measured by life insurance in force .

In 1905, MetLife faced lost a legal case, Pavesich v New England Life Insurance Company, where they attempted to use an image of another person for promotion but this was ruled a breach of privacy and libelous: this case became a standardly cited case on privacy in US law.

MetLife financed the Empire State Building's construction in 1929 as well as provided capital for Rockefeller Center's construction in 1931.

In 1981 MetLife purchased the Pan Am Building from a group that included Pan American World Airways for the price of $400 million.

In 2000, MetLife converted from a mutual insurance company operated for the benefit of its policyholders to a for-profit public company.

The de-mutualization process allowed MetLife to enter unrelated insurance businesses and increase executive compensation.

MetLife was accused of breaching federal securities laws by misrepresenting and omitting information in materials given to policyholders during this process, resulting in years of litigation ending with a $50 million settlement in 2009.

From 2004 to 2011, MetLife continued to hold its position as the largest life insurer in the United States.

MetLife named Robert H Benmosche as chairman and CEO in July 1999.

In 2015, MetLife was ranked as number one on Fortune magazine's list of World's Most Admired Companies in the Insurance: Life and Health category.

In 2012, MetLife failed the Federal Reserve's Comprehensive Capital Analysis and Review stress test, intended to predict the potential failure of the company in a recession.

In December 2014, federal regulators decided that MetLife required the special regulations reserved for financial companies and organizations deemed "systemically important, " or "too big to fail".

MetLife announced in January 2015 that it would file a lawsuit with the U S District Court for the District of Columbia to overturn the federal regulators' decision, thus becoming the first nonbank to challenge such a decision.

MetLife continued to litigate this issue as of mid-2015, with the US Department of Justice asking that their challenge be dismissed.

In 2014, MetLife paid $23 million to settle multiple lawsuits over junk fax operations used to generate leads for life insurance sales.

MetLife offers group life insurance, provided through employers, which consists of term life, permanent life, and accidental death and dismemberment coverage.

MetLife is the largest life insurer in the United States, based on life insurance in-force.

MetLife offers group dental benefit plans for individuals, employees, retirees and their families and provides dental plan administration for over 20 million people.

MetLife provides disability products for individuals as well as employee and association groups who receive them through their employer.

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MetLife offers several individual disability income policies, including MetLife Income Guard, OMNI Advantage, OMNI Essential, Business Overhead Expense, and Buy-Sell.

For groups, MetLife offers short term disability insurance and long term disability insurance.

MetLife maintains an absence management product which allows employers to track and manage both planned and unplanned employee absences.

MetLife is among the largest providers of annuities in the world, recording $22.

MetLife offers annuities which consist of fixed annuities, variable annuities, deferred annuities and immediate annuities.

In 1921, MetLife was the first company to issue a group annuity contract.

MetLife provides retirement plan and other financial services to healthcare, education, and not-for-profit organizations.

The MetLife Center for Special Needs Planning is a group of planners which serve families and individuals with special needs.

In 2014, MetLife launched MetLife Defender, a digital identity theft protection product.

Outside of the United States, MetLife operates in Latin America, Europe, Asia's Pacific region, and the Middle East, with leading market positions in Mexico, Japan, South Korea and Chile.

In India MetLife has an affiliate company India Insurance Company Limited which has operated in India since 2001.

In 2013, the MetLife Foundation announced a new focus on financial inclusion, including educational programs on basic financial planning for disadvantaged children and financial services aimed at low-income communities.

MetLife licensed Snoopy and other Peanuts characters for promotional purposes from the Iconix Brand Group, which owns the promotional rights to the works of Charles M Schulz.

MetLife was reported to pay $12 million per year to Iconix for licensing rights.

From 2014 to 2017, MetLife was the title sponsor of the BWF Super Series badminton tournament.