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MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), [3] better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries. [4] [5] The firm was founded on March 24, 1868. [6]
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In 2018, MetLife divested its remaining interest through a debt-for-equity exchange with four financial institutions that owned MetLife debt. [ 4 ] Headquartered in Charlotte, North Carolina , the company began selling annuity and life insurance under the Brighthouse Financial brand on March 6, 2017.
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Three years later, Citigroup sold Travelers Life & Annuity to MetLife. [19] In 2003, Travelers bought renewal rights for Royal & SunAlliance Personal Insurance and Commercial businesses. [20] [21] In 2004, the St. Paul and Travelers Companies merged and renamed itself St. Paul Travelers, with its headquarters set in St. Paul, Minnesota. [22]