Met Life |
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On March 14, 1868 MetLife was officially formed and lasted as a mutual company until 2000, when the company began trading on the New York Stock Exchange. The company purchased a new building in 1981. Pan American World Airways or Pan Am as it was later known, formerly owned this building. Previously Met Life was located in the famous MetLife Tower on One Madison Avenue, which was actually part of two buildings. It originally comprised a space of 30 buildings and at the time of its construction, the tower was the tallest building in the United States. In the northern tower of the world trade center, the company had an office on the 89th floor. MetLife acquired a company from CitiGroup in 2005 for $11.8 billion. This company was Travelers Life and Annuity, and made the company the largest provider of life insurance in the United States. MetLife is now the top provider of insurance services and the top provider of financial services. Get Met, it pays was once the company’s slogan, but today they use the tagline Have you met life today? Snoopy, the lovable little dog from Peanuts is the mascot of the company, and they have continued to use characters from the popular comic strip for several decades now. MetLife provides a number of different products and services to meet the needs of their customer base, including insurance, retirement, automobile, annuities, and savings products and services. They have offices all around the world and large customer service centers in the Asia/Pacific region, Latin America, and Europe. The market demands insurance savings and insurance products, which has become the basis of the international focus of the company. MetLife has become well known as a brand name because they provide excellent products and services. They have a strong expertise and sound financial backing that makes it easy to see why this company will only continue to grow long into the future. MetLife is devoted towards maintaining a sense of fairness, honesty, and integrity in all areas of their policies and services.
More About MetLife
Met Life is believed to be one of the best providers of financial services because they have such a variety of products. They provide different types of insurance such as annuities, automobile insurance, and homeowner insurance. In addition they provide institutions and other corporations with cost saving products and services. To meet the needs of even more customers they have expanded into the international market with offices in Asia Pacific, Latin America, and Europe. The focus of their international programs have been on new market trends and on what the market demands in terms of insurance. This has led to a quick growth and helped the company in their savings and investments. This has helped MetLife become one of the leaders in emerging markets, and helped them to focus on what the market demands. They have been able to create new ways of saving and investing in products and this is believed to help the company continue to grow.
MetLife Today
Met Life has a corporate vision that they will meet the needs of their customer base by offering a variety of financial products and services, even when the needs of that base changes and grows. This will continue to work as economic cycles involved continue to grow and change. MetLife is generally one of the best companies for customers because of the relationships they have. Not only do they form relationships with existing customers, but they form relationships with new customers as well. Shareholders were allowed to purchase stock in MetLife beginning in the year 2000. This led the company to change from a mutual to a stock ownership, and was offered on the public market just 18 months later.
The year 2001 completely changed MetLife, and made them test their qualities and values. On September 11, 2001 the United States experienced a tremendous attack, and the company leapt into action by responding in a way that no one expected. Though they continued to serve their customers, employees, and communities they also responded as quickly as possible. The same year MetLife partnered with a chartered bank to become the first insurance company to work with a financial holding company. MetLife also took steps toward retail marketing as well, with a distribution of channels. MetLife announced in 2002 that they would continue a relationship with Snoopy and other characters from the Peanuts comic strip. The two sides reached an agreement and signed a contract to partner with Peanuts and use those characters for the next 10 years. To bring caring to financial services and to connect all sides, the company has identified their long-term goals and made it clear that they are a leader in the field.
The company spent $12 billion to acquire the Travelers Life & Annuity and the City Groups International businesses, which helped them, realize a long-standing goal. The deal was finished on July 1, 2005 and officially made the company become the largest provider of life insurance in the United States. Working Mother magazine named MetLife one of the top 100 companies for working mothers. Diversit Inc named the company one of their top 50 companies in 2005. The following year the National Association for Female Executives listed the company on their annual list of top 30 companies for female executives. With a strong focus on innovation and increasing profit, the hope is that MetLife will only continue to grow in the future. The company also plans to draw on its rich history of 138 years to create more products and services with an emphasis on integrity, financial strength, and social responsibility. The company is devoted to increasing their personal safety net by reaching millions of customers and hopefully increasing its popularity at the same time.
