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MetLife In 2001 MetLife was the first insurance company to establish a financial holding company with a nationally chartered bank. Leveraging its unparalleled distribution channels, MetLife entered the retail-banking arena with the launch of MetLife Bank. This will make an easier and more convenient way for MetLife’s customers to realize their financial goals. After the tragic events of September 11, MetLife responded quickly. First and foremost, MetLife was fully committed to its policyholders. Chairman and CEO Bob Benmosche remarked that "our focus today is on lending whatever support we can to our customers," and that MetLife "is fully prepared financially to pay all claims." MetLife’s support did not end there. In responding to the tragedy, MetLife and MetLife Foundation made a number of grants to aid those affected, including: $1 million Foundation grants to both the September 11th Fund to meet longer-term needs of victims, and to the Twin Towers fund to assist families and rescue workers. MetLife Foundation also matched employee contributions to the American Red Cross Disaster Relief Fund. At the same time MetLife, Inc. announced that it had invested $1 billion in a broad array of publicly traded common stocks. The company said that this was the beginning of a program to significantly increase MetLife’s investment in the public equity markets, and one way to get back to the basics of building America’s future. Additional grants for disaster relief were made in 2001 and 2002 to a number of different organizations including the Children’s Health Fund and the Renaissance Economic Development Corporation. In 2002 Working Mother magazine honored MetLife by naming the company one of the "100 Best Companies for Working Mothers," for the fourth consecutive year. In addition, the Minority Corporate Counsel Association (MCCA) selected MetLife’s Law Department as a recipient of the Employer of Choice Award for its commitment to creating and maintaining a diverse and inclusive organization. On the international front, the Mexican Government selected MetLife to acquire Aseguradora Hidalgo, S.A., Mexico’s largest life insurer for approximately $965 million. MetLife "has the expertise, the resources and the commitment to provide exceptional products and services to customers in Mexico, one of the fastest growing life insurance markets," noted Bill Toppeta, president of MetLife International. MetLife announced in 2002 that it would be continuing its long-standing relationship with Snoopy and the rest of the PEANUTS® characters. The company signed a new contract that would allow the characters to appear in MetLife’s domestic and international advertising for the next 10 years. Commenting on the partnership, Senior Executive Vice President and Chief Administrative Office Lisa Weber noted that "Snoopy is our corporate ambassador and has been an important part of our advertising campaign for 17 years." For its future successes, the company can draw on the reservoir of history that has produced an enduring set of corporate values based on almost 135 years of integrity, social responsibility, strong leadership, financial strength, and innovative products and services. MetLife.com (Opens New Window) Source: MetLife
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