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User:16912 Rhiannon/MetLife Operations

< User:16912 Rhiannon

Operations

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Corporate overview

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MetLife is an insurance and financial services company headquartered in New York City.[1] As of 2015, the company employs 65,000 people.[2] MetLife operates in approximately 50 countries,[3] and since 2011, the company has separated its global operations into three sectors: the Americas, Europe, and the Middle East, Africa (EMEA), and Asia.[4]

Steve Kandarian has served as Chairman, President and Chief Executive Officer of MetLife since 2011, and he became Chairman of the Board in 2012.[5]

In 2014, MetLife had a total annual revenue of $73.3 billion,[6] and in 2013, the company had a total annual revenue of $68.2 billion.[6] In 2012, MetLife reported a total revenue of $68.2 billion,[6] and in 2011 its total annual revenue was $70.2 billion.[6] Also in 2013, MetLife paid nearly $50 billion to policyholders.[7] In 2014, MetLife was ranked number 42 on the Fortune 500 annual ranking of U.S. companies.[8] In 2015, the company was listed at number 50 on the Forbes Global 2000 ranking of the world's largest publicly traded companies.[9]

MetLife Foundation

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MetLife Foundation is an independent charitable and grant-awarding foundation. It was founded in 1976[10] and had provided over $650 million in grants by January 2015.[10] The foundation has worked with and donated to a variety of organizations, including Habitat for Humanity since 2010[11] and the Martin Luther King, Jr. National Memorial Project Foundation since 2008.[12][13] In 2013, MetLife Foundation announced a new focus on financial inclusion,[14] including educational programs on basic financial planning for disadvantaged children,[15][16] and financial services aimed at low-income communities.[16][17][18]

Sports sponsorship

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In 2008, MetLife became the first major marketing partner of the Meadowlands Stadium in New Jersey,[19] which eventually became home to the New York Giants and Jets.[20] The company has also been a sponsor of the New York Yankees since 2008.[21] In 2011, MetLife secured a 25-year marketing and promotional rights partnership to brand the New York Giants and Jets stadium, formerly Meadowlands, as MetLife Stadium.[22][23]

In 2013, MetLife began a partnership with the PGA Tour[24] and the World Baseball Classic and became global sponsors of both.[25] As part of MetLife's relationship with the PGA Tour as "Official Life Insurance Company" of the PGA Tour and Champions Tour,[24] the company's blimps, Snoopy One and Snoopy Two, became the official source of aerial coverage for the tour.[24][26] The agreement is set to run through 2016.[24] MetLife's blimps have covered the PGA Tour since 1987.[27] In 2014, MetLife entered an agreement with the Badminton World Federation and became the title sponsor of the BWF World Championships.[28][29]

Peanuts affiliation

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MetLife has operated a blimp program featuring the Peanuts characters since 1987.[24] Currently, two blimps, Snoopy One and Snoopy Two, fly in the United States. Snoopy J, a third blimp, operates for MetLife in Japan.[30] MetLife acquired exclusive rights to use Peanuts characters in the company's advertising in 1985.[31] Since 2010, these rights have been managed through Peanuts Worldwide, the entity which currently oversees the Peanuts brand.[32] In 2006, MetLife's CEO at the time, C. Robert Henrikson, extended the company's license to use Peanuts characters to cover exclusive global use in the financial services category.[33] In 2014, Forbes recognized Snoopy as one of America's top spokescharacters,[34] as MetLife's spokescharacter, Snoopy, ranked first in the insurance industry, and second overall in the United States.[34]

References

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  1. ^ Patrick McGeehan (8 August 1991). "Mutual Benefit Agents Lash Out at MetLife Meeting". The Record. Retrieved 15 May 2015.
  2. ^ Rob Cox (13 January 2015). "MetLife's Decision to Challenge Regulators May Backfire". The New York Times. Retrieved 11 June 2015.
  3. ^ Victoria McGrane (19 December 2014). "MetLife Vote Wasn't Unanimous". The Wall Street Journal. Retrieved 12 June 2015.
  4. ^ Jennifer Booton (21 November 2011). "MetLife Announces Major Restructuring, Hunting for New CFO". Fox News. Retrieved 15 May 2015.
  5. ^ "Steven A. Kandarian JD". Bloomberg Business. Retrieved 15 May 2015.
  6. ^ a b c d "MetLife Annual Reports". MetLife. 2014. Retrieved 26 May 2015.
  7. ^ "Corporate Fact Sheet" (PDF). MetLife. 2014. Retrieved 26 May 2015.
  8. ^ "Fortune 500 Listing". Forbes. 2014. Retrieved 26 May 2015.
  9. ^ "MetLife on the Forbes Global 2000". Forbes. 2015. Retrieved 26 May 2015.
  10. ^ a b Katherine Peralta (27 January 2015). "MetLife Foundations donates $100,000 for women's leadership program at UNCC". The Charlotte Observer. Retrieved 15 May 2015.
  11. ^ Kimberly Amedro (1 August 2008). "New home means new life for family ; Residents of the newly completed Habitat for Humanity home put in sweat equity to qualify for it". Dayton Daily News. Retrieved 26 May 2015.
  12. ^ George E. Curry (25 August 2011). "Money and the MLK Memorial". The St. Louis American. Retrieved 26 May 2015.
  13. ^ "MetLife raises cash for MLK Memorial". BizJournals. 25 February 2008. Retrieved 11 June 2015.
  14. ^ "MetLife Foundation Mission and Vision". MetLife. Retrieved 28 May 2015.
  15. ^ "Rather Launches JK Bank-PNB Metlife Joint Initiative For Children". Kashmir Observer. 7 August 2014. Retrieved 28 May 2015.
  16. ^ a b "US NGO partners with MetLife to provide microfinance in UP". The Economic Times. 12 March 2015. Retrieved 28 May 2015.
  17. ^ Sue-Lynn Moses (25 March 2015). "A Foundation and Newspaper Team Up in a Global Push for Financial Inclusion". Inside Philanthropy. Retrieved 28 May 2015.
  18. ^ Nancy Cook (20 February 2015). "Baby Steps Toward Home Ownership". The National Journal. Retrieved 28 May 2015.
  19. ^ Evan Weiner (26 June 2008). "New Stadiums Set High Bar for Rest of the NFL". The New York Sun. Retrieved 26 May 2015.
  20. ^ "Giants, Jets sue developer". ESPN. 26 June 2012. Retrieved 26 May 2015.
  21. ^ Melissa Hoffmann (10 April 2014). "MetLife Changes Yankee Stadium Outfield Sign to Appeal to Japanese Audience". Adweek. Retrieved 26 May 2015.
  22. ^ Tom Canavan (19 August 2011). "MetLife has deal for Meadowlands naming rights". AP Online. Retrieved 26 May 2015.
  23. ^ John Brennan (24 August 2011). "It's Official: MetLife Stadium". The Bergen County Record. Retrieved 26 May 2015.
  24. ^ a b c d e Terry Lefton (29 July 2013). "PGA Tour makes MetLife an official marketing partner". SportsBusiness Daily. Retrieved 11 June 2015.
  25. ^ Mason Levinson (14 February 2013). "MetLife Becomes Fourth Global Sponsor of World Baseball Classic". Bloomberg Business. Retrieved 26 May 2015.
  26. ^ Karen Crouse (4 May 2014). "MetLife Blimp Becomes an Integral Part of PGA Tour Telecasts". The New York Times. Retrieved 26 May 2015.
  27. ^ Terry Lefton (29 July 2013). "PGA Tour makes MetLife an official marketing partner". Street and Smith's Sports Business. Retrieved 26 May 2015.
  28. ^ "Badminton: MetLife to title sponsor BWF World Superseries from 2014-17". Sports Asia. 18 December 2013. Retrieved 26 May 2015.
  29. ^ "Metlife Partners with BWF World Superseries". China Weekly News. 31 December 2013. Retrieved 26 May 2015.
  30. ^ "MetLife Blimp Fact Sheet". The Quad-City Times. 19 August 2014. Retrieved 26 May 2015.
  31. ^ Laura Vitto (31 January 2014). "Touching 'Peanuts' Super Bowl Spot Packs Sweet Emotion". Mashable. Retrieved 26 May 2015.
  32. ^ "Iconix Brand Group Finalizes Acquisition of Peanuts". Entertainment Close-Up. 7 June 2010. Retrieved 26 May 2015.
  33. ^ "MetLife". Best's Review. 1 March 2007. Retrieved 26 May 2015.
  34. ^ a b "The Most Popular Spokescharacters". Forbes. 2014. Retrieved 26 May 2015.
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