MetLife

History of MetLife is a story of 5 generations

It began 150 years ago on the initiative of only a few active businessmen. They decided to provide financial protection to the first clients – seamen and military – in the event of injuries, illness and disability due to possible injuries.

The beginning of history is two leased Manhattan rooms and six employees in the team. In 1868, this small company was named Metropolitan Life Insurance Company, or MetLife was abbreviated. And in 12 years, the company came true success: many families in the United States provided the future of their children and the prosperity of their grandchildren, precisely because of financial protection from MetLife. By 1880, its insurance policies were already used by 250,000 Americans, and by 1909, MetLife became Life Insurance Company No. 1 in the United States.

In Ukraine, the company has been operating since 2002.

The shareholder, the owner of a block of shares exceeding 10 percent of the voting shares, namely: 8 233 866 shares (99.9988% of the voting shares), MetLife PJSC is a Swiss company MetLife Global Holding Company II LLC (MetLife Global Holding Company II GmbH) which is part of the global holding company MetLife (USA). American Life Insurance Company (USA) remains an indirect shareholder of MetLife.

The total amount of insurance payments made by PJSC “MetLife” from 2003 to 2018 exceeds UAH 400 million, of which UAH 180 million. – survivors’ benefits until the expiration of the long-term life insurance contracts.

According to the rating magazine Insurance Top with the results of the companies in 2017, PJSC “MetLife” is an indisputable leader in the following for the following indicators: the amount of insurance premiums collected by the company exceeded 748 million 464 thousand UAH, which is 20,5% more than a similar figure in 2016. At the same time, insurance premiums attracted by PJSC “MetLife” are 65-70% higher than other leading insurers from the TOP-3 industry rating – the leader’s advantage is obvious.

Except for leadership in the volume of collected insurance premiums, PrLAT “MetLife” will head the Insurance TOP ratings in 2017 for key indicators such as:

• The volume of insurance premiums under savings contracts – 670 million 995 thousand UAH.

• number of insured persons under cumulative life insurance contracts – at the end of 2017, the company was insured with more than 112,000 people

• The total number of insured persons for all types of life insurance contracts – at the beginning of 2018, the company’s clients are over 565,000 people.

PJSC “MetLife” is also among the top three Ukrainian insurance market leaders in terms of assets – by the end of the year they exceeded UAH 2 billion 130 million and show a 15% increase compared to last year.

In addition, in the company’s assets structure, the most liquid assets, namely cash and cash equivalents, are the largest among all life insurance companies in Ukraine: as of December 31, 2017, they amounted to over UAH 555 million.