Metropolitan Life Insurance Company
Corporate · Founded 1868 · New York City, United States
Who Metropolitan Life Insurance Company is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- The company was founded on March 24, 1868, as Metropolitan Life Insurance Company, having originally been established in 1863 as National Union Life and Limb Insurance Company to provide insurance to Civil War soldiers and sailors.
- After observing the insurance industry in Great Britain, company president Joseph F. Knapp introduced "industrial" insurance to the US market in 1879. The company completed its mutualization process on January 6, 1915.
Source of Capital
- As a publicly traded insurance company, the firm's capital is primarily derived from premiums paid by its policyholders for life, health, property, and casualty insurance, as well as from its annuity products.
- Additional capital is generated through returns on its own extensive investment portfolio.
Major Events
- In 2000, Metropolitan Life Insurance Company demutualized, becoming a publicly traded company on the New York Stock Exchange under the ticker symbol MET.
- The company acquired American Life Insurance Company (Alico) from AIG in 2010 for approximately $16.2 billion.
- In 2017, MetLife completed the spin-off of its U.S. retail life insurance and annuity business into a separate, independent company named Brighthouse Financial.
Allocation Strategy
- MetLife Investment Management, the institutional asset management arm of the company, invests in a range of asset classes including public fixed income, private capital, and real estate.
- The private capital strategy encompasses corporate private placements, infrastructure debt, and private equity fund investments.
- Geographically, the firm's investment activities are global, reflecting its operational presence in over 60 countries.
The funds Metropolitan Life Insurance Company backs.
Metropolitan Life Insurance Company is a limited partner in 54 funds. 19 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How Metropolitan Life Insurance Company’s fund book is spread.
The 54 funds Metropolitan Life Insurance Company backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 4583%
- Europe 59%
- Rest of world 47%
United States 45 · China 3 · United Kingdom 3 · Japan 1
How established those managers are
Managers grouped by how many funds they have raised. 11 emerging (three funds or fewer), 26 established — across the 37 of 54 with a fund history on record.
Other LPs.
Other corporate and insurance LPs in the Power Law LP ranking, closest to Metropolitan Life Insurance Company by combined power-law score — North America first, then the nearest worldwide.