MetLife is owned by its shareholders, as it is a publicly traded company. The biggest shareholders are BlackRock, Dodge & Cox, and The Vanguard Group, which have a combined ownership stake of almost 20%, as of Q3 2021, according to public filings.
MetLife shareholders no longer have control of MetLife's home and auto insurance business, however, as it was purchased by Farmers in April 2021. All existing MetLife home and auto insurance policies are now completely handled by Farmers Insurance. All other types of MetLife coverage, such as health and life insurance, are still available from MetLife, though.
MetLife was founded in 1868, and it has been completely public since 2000. For more information, check out WalletHub%s full MetLife review.
This answer was first published on 04/19/23 and it was last updated on 05/05/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
All existing MetLife home and auto insurance policies are now completely handled by Farmers Insurance. All other types of MetLife coverage, such as health and life insurance, are still available from MetLife, though. MetLife was founded in 1868, and it has been completely public since 2000.
What company did MetLife merge with? ›
NEW YORK, April 30, 2018
MetLife, Inc. (NYSE: MET) today announced that it has completed the merger of its subsidiary, General American Life Insurance Company, with and into another subsidiary, Metropolitan Tower Life Insurance Company.
Who just bought MetLife insurance? ›
Farmers Completes $3.94B Acquisition of MetLife Home and Auto Business.
What company is MetLife now? ›
Today, MetLife Insurance Company USA is Brighthouse Life Insurance Company, licensed in 49 states.
Is MetLife owned by Fidelity? ›
MLIUSA is an affiliate of MetLife. The contract's financial guarantees are solely the responsibility of the issuing insurance company. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc., are the distributors; they are not affiliated with any MetLife company.
Is MetLife a good insurance company? ›
MetLife is a reputable insurance company that has an A+ (Superior) rating from AM Best, one of the nation's leading insurance-rating organizations, as well as solid scores from S&P and Moody's. The good scores are a reflection of MetLife's financial strength and claims-paying ability.
What is the new name for MetLife? ›
We have separated part of our U.S. business from MetLife to become its own company, called Brighthouse Financial, Inc. As a separate company, Brighthouse Financial focuses on retail products for consumers. Learn more about Brighthouse Financial.
Why did MetLife sell to MassMutual? ›
This transaction will enable our U.S. Retail business to sharpen its focus on its core strength in product manufacturing while also providing a broader distribution network through the partnership with MassMutual.
What type of insurance is MetLife? ›
From accident and health to legal, pet, dental, and vision insurance — we've got you covered. Employers and HR partners can find our extensive range of employee benefit solutions here.
Does MetLife have another name? ›
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 around 90 million customers in over 60 countries.
Types of Life Insurance Offered. MetLife no longer sells new life insurance policies, long-term care insurance, disability insurance policies or annuities to individuals through agents.
Is MetLife now foremost? ›
2021. The Farmers Insurance Group® acquired MetLife Auto & Home® business from MetLife®, creating exciting opportunities for customers and independent agents. Also, the Foremost logo was updated to reflect a fresh design.
What did MetLife used to be called? ›
MetLife traces its roots back to the foundation of the National Union Life and Limb Insurance Company in 1863, which provided wartime-related disability coverage for Civil War sailors and soldiers. In 1864, the company had written 17 life policies and 56 accident policies.
What team owns MetLife? ›
MetLife Stadium is owned by a joint venture between the National Football League's New York Giants and New York Jets, known as the MetLife Stadium Company, LLC.
Is MetLife a stable company? ›
MetLife has a 45-year history in stable value and offers creative and tailored solutions backed by extensive knowledge and experience. Our team consists of industry leaders with a long track record in stable value.
What kind of insurance is MetLife? ›
Life can be unexpected. That's why we offer benefits to protect and support you no matter where life leads you. From accident and health to legal, pet, dental, and vision insurance — we've got you covered. Employers and HR partners can find our extensive range of employee benefit solutions here.
Is MetLife owned by MassMutual? ›
MassMutual Completes Acquisition of the MetLife Premier Client Group.
Is MetLife the largest insurance company? ›
MetLife is the largest life insurer in terms of life insurance "in-force" in North America, and offers financial products and services to over 96 of the top 100 FORTUNE 500® companies.
Is MetLife now farmer? ›
Important note: As of April 2021, The Farmers Insurance Group has acquired all MetLife auto and homeowners policies. MetLife Auto & Home is no longer affiliated with MetLife, Inc and policyholders will use Farmers services to manage their accounts.
