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43 - MetLife

NEW YORK CITY, NEW YORK, UNITED STATES - 2015/10/16: New York tours and attractions: Metlife building standing tall in the city scape of New York City, Unites States. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs in over 60 countries. (Photo by Roberto Machado Noa/LightRocket via Getty Images) - Roberto Machado — Noa LightRocket via Getty Images
NEW YORK CITY, NEW YORK, UNITED STATES - 2015/10/16: New York tours and attractions: Metlife building standing tall in the city scape of New York City, Unites States. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs in over 60 countries. (Photo by Roberto Machado Noa/LightRocket via Getty Images) Roberto Machado — Noa LightRocket via Getty Images

On paper, life insurer MetLife had a strong 2017. Its net income rose to $3.6 billion compared with $627 million the previous year. But that number came with some serious caveats — including a kerfuffle over missing pension payments that may have affected tens of thousands of retirees and led the company to increase its reserves. CEO Steven A. Kandarian called the shortcomings “unacceptable and deeply disappointing” earlier this year, and said MetLife “can and will do better.” MetLife also completed a major spinoff of its Brighthouse unit last year, aiming to simplify its offerings.

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Key Metrics & Financials (Last Fiscal Year)

Previous Rank42
Revenues ($M)$66153
Revenue Percent Change4.2%
Profits ($M)$4010.0
Profits Percent Change401.3%
Assets ($M)$719892
Market Value — as of March 29, 2018 ($M)$47572
Employees49000

Company Facts

Employees49000
SectorFinancials
IndustryInsurance: Life, Health (stock)
HQ LocationNew York City
CEOSteven A. Kandarian
CEO Title-
Websitewww.metlife.com
Years on Fortune 500 List24

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