MetLife - Statistics & Facts

Published by Jennifer Rudden, Jun 21, 2019
Metropolitan Life Insurance Company—more commonly referred to as MetLife—is a global provider of insurance, annuities, and employee benefit programs. The company was founded in 1868 and has since grown to become one of the leading global life and health insurance companies worldwide, with total revenue of around 67.94 million U.S. dollars in 2018 alone. The company’s principal office is located in New York City’s Midtown Manhattan.

MetLife offers a diverse range of products which includes home, car, and life insurance as well as commercial mortgages and securities. Other products and services offered by MetLife include critical illness insurances; fee based financial planning, wealth management, as well as the provision of retirement plans. It was the second largest life insurance company in the United States in terms of assets in 2017. The United States also accounted for the majority share of MetLife’s operating earnings in 2018.

In January 2016, MetLife announced the formation of an independent spin off retail business named Brighthouse Financial focused on life insurance and annuities, which then completely separated from Metlife in March 2017. The total expenses of MetLife in 2018 amounted to around 64.63 billion U.S. dollars and, revenue from premiums written by MetLife in that same year stood at approximately 43.84 billion U.S. dollars. MetLife’s total stockholders’ equity for 2018 was approximately 52.74 billion U.S. dollars.

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