MetLife, Inc. (MetLife) is a provider of insurance and other financial services with operations throughout the United States, and the regions of Latin America, Europe and Asia Pacific. Through the Company’s domestic and international subsidiaries and affiliates, it offers life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations, and other institutions. MetLife operates in four business segments: Institutional, Individual, International and Auto & Home, as well as Corporate & Other. In May 2008, MetLife Bank, N.A., a unit of the Company, completed the acquisition of EverBank Reverse Mortgage LLC, from its parent, EverBank Financial Corp. EverBank Reverse Mortgage will be a wholly owned subsidiary of MetLife Bank. In May 2009, the Company sold Cova Corp., which is the parent company of Texas Life Insurance Co.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, MetLife, Inc.'s revenues decreased 22% to $28.72B. Net loss from continuing operations applicable to Common totaled $2.69B vs. an income of $2.38B. Revenues reflect a decrease in income from premiums and lower revenue from universal life & investment type product policy fees. Net loss reflects increased policyholder benefits & claims expenses and higher interest credited to policyholder account balances.
Company Address
MetLife, Inc.
200 Park Avenue New York NY 10166
P: +1212.5782211 F: +1212.5783320