The Metropolitan Life Insurance Company Tower, which previously served as company headquarters, was featured in its advertising for many years.Ī severe business depression that began with the Panic of 1873 forced the company to contract, until it reached its lowest point in the late 1870s. The land on which the hotels are located on is owned by The Walt Disney Company and is leased to Metlife and Tishman (which owns the buildings) and operated by Marriott International as a Westin hotel.
Metlife in partnership with Tishman Realty & Construction co-owns the Walt Disney World Swan and Dolphin resort in Lake Buena Vista, Florida. MetLife Bank was sold to GE Capital in 2013, and MetLife exited the banking business. The subsidiary MetLife Insurance Company USA, as of 2015 headquartered in Charlotte, North Carolina, was formerly known as MetLife Insurance Company of Connecticut, and prior to this as Travelers Insurance Company. MetLife subsidiaries and affiliates have included MetLife Investors, MetLife Bank, MetLife Securities, Metropolitan Property and Casualty Insurance Company and its subsidiaries, General American, MetLife Legal Plans, MetLife Resources, New England Financial, Walnut Street Securities, Inc., Safeguard Health Enterprises, Inc., and Tower Square Securities, Inc., Cigna. Īs in many large, public corporations, MetLife has a compensation committee which establishes compensation levels for the company's senior executives MetLife compensation emphasizes "variable performance-based compensation over fixed or guaranteed pay". In 2015, MetLife hired Hugh Dineen to fill the new role of chief marketing officer within the US Business Unit.
Khalaf and its non-executive chairman of the board was Glenn Hubbard. ( December 2015)Īs of May 2019, MetLife's chief executive officer was Michel A. The continuing MetLife company kept naming rights to MetLife Stadium in northern New Jersey. retail business, including individual life insurance and annuities for the retail market, in a separate company called Brighthouse Financial, which launched in March 2017. In January 2016, the company announced that it would spin off its U.S. The company's head offices and boardroom are located at the MetLife Building at 200 Park Avenue in Midtown Manhattan, New York City, which MetLife owned from 1981 to 2005 despite the sale, MetLife increased its leased footprint in the building beginning in 2015. MetLife serves 90 of the largest Fortune 500 companies. 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. After 85 years as a mutual company, MetLife demutualized into a publicly traded company with an initial public offering in 2000. 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. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries. is the holding corporation for the Metropolitan Life Insurance Company ( MLIC), better known as MetLife, and its affiliates.