Sie sind auf Seite 1von 5

INTRODUCTION

MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance
Company (MLIC), better known as MetLife, and its affiliates. MetLife is among
the

largest

global

providers

of insurance, annuities,

and employee

benefit programs, with 90 million customers in over 60 countries. The firm was
founded on March 24, 1868.
On January 6, 1915, MetLife completed the mutualization process, changing from
a stock life insurance company owned by individuals to a mutual company
operating without external shareholders and for the benefit of policyholders. The
company went public in 2000. Through its subsidiaries and affiliates, MetLife
holds leading market positions in the United States, Japan, Latin America, Asias
Pacific region, Europe, and the Middle East. MetLife serves 90 of the
largest Fortune 500companies. The companys principal offices are located at 1095
Avenue of the Americas in Midtown Manhattan, New York City, though it retains
some executive offices and its boardroom in the MetLife Building, located at 200
Park Avenue, New York City, which it sold in 2005. MetLife subsidiaries and
affiliates include MetLife Investors, MetLife Bank, MetLife Securities,
Metropolitan Property and Casualty Insurance Company and its subsidiaries,
General American, Hyatt Legal, MetLife Resources, New England Financial,
Walnut Street Securities, Inc., Safeguard Health Enterprises, Inc., and Tower
Square Securities, Inc., Cigna. The subsidiary MetLife Insurance Company USA,
as of 2015 headquartered in Charlotte, North Carolina, was formerly known as
MetLife Insurance Company of Connecticut, and prior to this as Travelers
Insurance Company.

MERGERS ACQUISITIONS, SALES, AND MAJOR DEALS OF


METLIFE INSURANCE COMPANY.

1992 - Merged with United Mutual Life Insurance Company, the


only African-American life insurer in New York, in 1992.

1992. Acquired Executive Life's single premium deferred annuity business,


which was worth approximately $1.2 billion. MetLife also acquired the firm's
life insurance business, valued at about $260 million.

1995 - Purchased New England Mutual Life Insurance Company.

1997 - Acquired Security First Group in 1997 for $377 million.

1999 - Acquired Lincoln National Corporation's individual disability income


unit.

1999 -Bought out reinsurance provider GenAmerica Corporation for $1.2


billion,aswellasitssubsidiaries, Reinsurance Group of America and Corporation.
That year, the company had grown to serve 7 million policyholders.

2000 - De-mutualization and IPO. The initial public offering was valued at
$6.5 billion, which was the largest IPO to that date in U.S. financial history.
MetLife policyholders were asked to choose a cash or stock stake. This IPO
made MetLife the most widely owned stock in the United States, and it raised
MetLife's value to over $4 billion. By 2000, MetLife's reported number of
policyholders had risen to 11 million, and that year it had become the United
2

States' number one life insurer, surpassing Prudential, according to The New
York Times.

2000 - $470 million voice and data network management deal with AT&T
Solutions.[51]

2001 - acquired Grand Bank of Kingston, New Jersey, which was renamed
MetLife Bank

2001 - Invested $1 billion in the U.S. stock market during 2001,


immediately after the September 11th terrorist attacks.

2005 - Acquired Citigroups Travelers Life & Annuity and all of Citigroups
international insurance businesses for $11.8 billion. At the time of the deal,
which was completed on July 1, 2005, the Travelers acquisition made MetLife
the largest individual life insurer in North America based on sales.

2006 - Opened joint-venture insurance company in Shanghai, in May 2006.

2006 - Sold Peter Cooper Village, or Stuyvesant Town, the largest apartment
complexes in New York City at the time, for $5.4 billion. MetLife had
developed the apartment complexes between 1945 and 1947, to house veterans
returning home from serving in World War II.

2010 - Bought American Life Insurance Company from AIG for US$15.5
billion.

2011 - Sold MetLife bank to GE Capital, exiting banking business.

BENEFITS OF MERGERS AND ACQUISITIONS


Merger and acquisition has become the most prominent process in the
corporate world. The key factor contributing to the explosion of this innovative
form of restructuring is the massive number of advantages it offers to the business
world.
Following are some of the known advantages of merger and acquisition:
1 The very first advantage of M&A is synergy that offers a surplus power that
enables enhanced performance and cost efficiency. When two or more
companies get together and are supported by each other, the resulting business
is sure to gain tremendous profit in terms of financial gains and work
performance.
2 Cost efficiency is another beneficial aspect of merger and acquisition. This is
because any kind of merger actually improves the purchasing power as there is
more negotiation with bulk orders. Apart from that staff reduction also helps a
great deal in cutting cost and increasing profit margins of the company. Apart
from this increase in volume of production results in reduced cost of production
per unit that eventually leads to raised economies of scale.

3 With a merger it is easy to maintain the competitive edge because there are many
issues and strategies that can e well understood and acquired by combining the
resources and talents of two or more companies.
4 A combination of two companies or two businesses certainly enhances and
strengthens the business network by improving market reach. This offers new
sales opportunities and new areas to explore the possibility of their business.
5

With all these benefits, a merger and acquisition deal increases the market power
of the company which in turn limits the severity of the tough market
competition. This enables the merged firm to take advantage of hi-tech
technological advancement against obsolescence and price wars.