MetLife History
• The origins of MetLife go back to 1863, when a group of New York City businessmen raised $100,000 to found the National Union Life and Limb Insurance Company. • In 1930, MetLife was the undisputed leader of the insurance industry, insuring every fifth man, woman, and child in the United States and Canada. • In 1931 MetLife provided the outside capital to build Rockefeller Center. The company lent money to construct the Empire State Building in 1929, and virtually saved this project from bankruptcy. • During World War II, MetLife placed more than 51 percent of its total assets in war bonds, and was the largest single private contributor to the Allied cause. • In 2001, MetLife was the first insurance company to establish a financial holding company with a nationally chartered bank. Leveraging its unparalleled distribution channels, MetLife entered the retail-banking arena with the launch of MetLife Bank. • Immediately after 9/11, MetLife invested $1 billion in the US stock market. • In 2005, Working Mother magazine honored MetLife by naming the company one of the "100 Best Companies for Working Mothers," for the seventh consecutive year. • In early 2006, MetLife was also named to the National Association for Female Executives’ annual list of Top 30 Companies for Executive Women. • On January 2, 2008 MetLife was named to Forbes’ list of America’s 400 Best Big Companies for 2008 and also selected as the best managed company in the insurance industry. Source: www.metlife.com
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