MetLife Named Best Managed Insurance Company by Forbes
New York: MetLife, Inc. (NYSE: MET) has been named to Forbes’list of America’s 400 Best Big Companies for 2008 and was also selected as the best managed company in the insurance industry. This is the first time the company has been selected as the best managed in its industry by Forbes and the third time MetLife has appeared on the list.
In its evaluation of MetLife, Forbes noted that, since the company’s initial public offering in 2000, “…MetLife’s earnings per share have grown at a compound annual growth rate of 17%.” The publication also recognized that “…MetLife has become a leader in insurance and retirement planning, and is the country’s largest individual and group life insurer.”
“We’re extremely honored to be selected by Forbes as the best managed insurance company in America,” said C. Robert Henrikson, chairman of the board, president and chief executive officer of MetLife, Inc. “MetLife is focused on delivering the best products and services for our clients, and this has translated into earnings growth and increased value for our shareholders. Our talented employees and distribution partners have enabled us to generate consistent, year-over-year top-line growth since becoming a public company in 2000. We’re excited about the future, expanding on our market leading positions in the US and exporting our expertise to several international markets as well.”
The insurance category of the Best Big Companies list consists of 18 insurers.
Forbes’ list of America’s 400 Best Big Companies identifies the best of the biggest publicly traded companies in America. Companies are selected after a thorough review of financial metrics, Wall Street forecasts, corporate governance ratings and other public information. From the Best Big Companies list, Forbes’ writers and editors select a best-managed company from each of 26 industries for financial performance, leadership, innovation and execution.
MetLife, Inc. is a leading provider of insurance and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its domestic and international subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations and other institutions. For more information, please visit www.metlife.com.