MetLife Investor Relations Material

MetLife, Inc. is a global provider of insurance, annuities, and employee benefits. With a history dating back to 1868, the company has grown to serve approximately 90 million customers across over 60 countries. Over the years, it has expanded its portfolio to include a wide range of financial and insurance services, catering to both individual and institutional customers. The company is headquartered in NYC, and its shares are listed on the NYSE.

Established in 1868 as the National Union Life and Limb Insurance Company, it was created to provide financial protection for Civil War soldiers and sailors against wartime disabilities. However, the company swiftly pivoted from its original focus, recognizing the broader potential of life insurance in the rapidly industrializing American landscape.

By the 1870s, the firm had shifted its primary focus to life insurance, adopting the name Metropolitan Life Insurance Company and this period marked the beginning of its transformation into one of the largest life insurance companies in the United States. MetLife's adoption of the "industrial" insurance model was pivotal, offering small, affordable policies to working-class Americans, payable weekly or monthly. Today the company is well cemented in the insurance industry and offers its services to over 90 million customers globally.

MetLife offers a broad range of insurance products catering to individuals, families, and businesses. Their offerings encompass various types of insurance, and while the company traditionally has been most involved in offering life insurance, its offerings are diverse. This includes everything from various forms of health insurance to auto insurance, and MetLife is one of the largest companies of its kind in the US. However, competition in the industry is tough, and some publicly traded peers to MetLife include AIG, Progressive, and Allstate.

Beyond its core insurance offerings, MetLife provides a comprehensive suite of annuities and retirement plan solutions, which are integral to its portfolio of financial services. The company's annuities are typically structured to offer clients options ranging from guaranteed fixed returns to more variable returns linked to the performance of underlying assets or market indices. It also provides comprehensive retirement plans for both individual savers as well as institutions looking to provide benefits for its employees.