MetLife Overview: MetLife (The Metropolitan Life Insurance Company) is a leading life insurance company. Its principal lines of business include:
- Life Insurance
- Annuities
- Banking Services
- Retirement Services
- Financial Planning
- Disability Insurance
- Long-Term Care Insurance
- Auto Insurance
- Home Insurance
Size: MetLife reports these figures are as of June, 2008, except as noted:
- Total Revenue = $54.0 billion (full year 2007)
- Total Employees = 49,400 (year end 2007)
- U.S. Employees = 37,000 (year end 2007)
- U.S. Sales Representatives (Agents) = 11,537
- International Sales Representatives = 5,067
- Worldwide Customers = over 70 million (year end 2007)
- Fortune 100 Companies Served = 90 (year end 2007)
Positives: MetLife appears to be in a strong financial position, with high ratings from all major rating agencies. Revenues for the first 6 months of 2008 are roughly in line with 2007 results. Meanwhile, MetLife asserts a strong commitment to ethics and compliance.
MetLife has added 298 domestic sales representatives (agents) since December 2007, an increase of 2.7%. The international increase has been 681, or 15.5%.
Negatives: MetLife, like many major life insurers, has a reputation for a highly bureaucratic corporate culture.
