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MetLife, Inc.

MetLife, Inc.

Sector: Insurance Carriers Not Elsewhere Classified Region: NY, United States


: | New York Stock Exchange: MET.PRB | New York Stock Exchange: MET.PRA | New York Stock Exchange: MLU | New York Stock Exchange: MET


Similar to: Hiscox Ltd., Lincoln National Corp.

MetLife, Inc. provides insurance and financial services to individual and institutional customers. It offers life insurance, annuities, automobile and homeowner's insurance and retail banking services to individuals as well as group insurance, reinsurance and retirement and savings products and services. The company operates its business through six segments: Retail, Group, Voluntary and Worksite Benefits, Corporate Benefit Funding, Latin America, Asia, and Europe, the Middle East and Africa. The Retail segment organized into two businesses: Life and Other, and Annuities. The Life and Other business products include variable life, universal life, term life, whole life, disability, property and casualty. The Annuities business offers a variety of variable and fixed annuities that are primarily sold to individuals and tax-qualified groups in the education, healthcare and not-for-profit sectors. The Group, Voluntary and Worksite Benefits segment is organized into two businesses: Group, and Voluntary and Worksite. The Group insurance products and services include life, dental, group short- and long-term disability and accidental, death and dismemberment coverages. The Voluntary and Worksite products and services include long-term care, prepaid legal plans, critical illness and property and casualty products. The Corporate Benefit Funding segment provides funding and financing solutions that help institutional customers mitigate and manage liabilities primarily associated with their qualified, nonqualified and welfare employee benefit programs using a spectrum of life and annuity-based insurance and investment products. The Latin America segment engages in the accident and health insurance, savings oriented pension product and credit insurance. The Asia segment engages in the life insurance, accident and health insurance, retirement and savings products and credit insurance. The Europe, the Middle East and Africa segment operates in 31 countries across EMEA, which is engaged in the life insurance, accident and health insurance, retirement and savings products and credit insurance. Metlife was founded on March 24, 1868 and is headquartered in New York, NY.

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MetLife: "Going Up?"

Going Up? MetLife introduces Term Life Insurance in a single online session. Imagine where you'll go with all the time you'll save. www.metlife.com

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MetLife: "Going Up?"

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MetLife: "Team"

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Browse|Movies |Upload MetLife Q2 Earnings Top Estimates, Rose 33.3% YoY

Executives

Steven A. Kandarian, Chairman, President and Chief Executive Officer
Steven A. Kandarian is chairman of the board, president and chief executive officer of MetLife, Inc. (NYSE: MET), a leading provider of insurance, annuities and employee benefit programs to 90 million customers worldwide. He became president and CEO on May 1, 2011 and chairman of the board of directors on January 1, 2012. For 2011, MetLife had $70.3 billion in revenue and ranks 34th on the FORTUNE 500®.
Kandarian joined MetLife in April 2005 as executive vice president and chief investment officer (CIO). Since 2007, he has also overseen MetLife's enterprise-wide strategy, which identified key areas of focus for the company. Specifically, his direction contributed to MetLife's recent global expansion and led to significant cost savings as well as efforts to address the insurance needs of the underserved U.S. middle market.
As CIO, Kandarian oversaw the company's more than $450 billion general account portfolio and led a number of initiatives that strengthened the portfolio and contributed to MetLife's bottom line. He enhanced the company's focus on effective risk management and diversified MetLife's investment portfolio, in part through the $5.4 billion sale of Peter Cooper Village/Stuyvesant Town in 2006. Under Kandarian's leadership, MetLife identified the housing bubble early and reduced its exposure to sub-prime mortgage-backed securities, raised the overall quality of its corporate credit portfolio, and increased its focus on low loan-to-value commercial and agricultural mortgages. His efforts helped MetLife emerge from the 2008 credit crisis with the financial strength to complete the company’s $16 billion purchase of Alico.
From 2001 to 2004, Kandarian was executive director of the Pension Benefit Guaranty Corporation (PBGC). During his tenure, he made the public case for comprehensive reform of the pension funding rules to put the defined benefit system and the PBGC on a sound financial footing, helping to lay the groundwork for the enactment of the Pension Protection Act of 2006.
Previously, Kandarian was founder and managing partner of Orion Partners, LP, a private equity firm based in the Boston area. Earlier he was managing director of Lee Capital Holdings. Kandarian began his career as an investment banker with Houston-based Rotan Mosle, Inc.
Kandarian is a board member of the Damon Runyon Cancer Research Foundation and a member of the Economic Club of New York and the Financial Services Forum. He earned his B.A. from Clark University, J.D. from Georgetown University Law Center, and M.B.A. from Harvard Business School.
Ricardo A. Anzaldua, Executive Vice President & General Counsel
Ricardo A. Anzaldua is executive vice president and general counsel of MetLife, Inc. He was appointed to this position in December 2012. Anzaldua leads the company's global legal operations, and oversees MetLife's government relations and public policy department, corporate secretary's office and corporate ethics and compliance group. Anzaldua joins MetLife from The Hartford Financial Services Group where he was senior vice president and associate general counsel. He led legal support for the company's two largest operating divisions (commercial and consumer markets), which includes the company's property-casualty, group life and disability operations and its enterprise reinsurance function. From February 2007 to October 2010, he served as director of corporate law, where he headed the legal teams supporting the corporate secretarial, securities, corporate governance, tax, mergers & acquisitions, technology, bankruptcy and real estate functions, and served as corporate secretary from February 2008 to October 2010. Prior to joining The Hartford, Anzaldua was a partner with Cleary, Gottlieb, Steen & Hamilton LLP in New York. He began his legal career with the firm upon graduation from Harvard Law School in 1990. Before law school, Anzaldua was the publications director and senior editor of the Center for U.S.-Mexican Studies, a University of California think tank focusing on research relating to Mexico and U.S.-Mexican relations, as well as Latin America more generally. Since 2007, Anzaldua has been a member of the board of directors of the Greater Hartford Legal Aid Foundation and currently serves as its treasurer. Since 2002 he has also served as pro-bono general counsel of the International Institute of Rural Reconstruction, an international nonprofit focused on economic and community development and empowerment in the developing world.
Steven J. Goulart, Steven J. Goulart Executive Vice President & Chief Investment O
Steven J. Goulart is executive vice president and chief investment officer of MetLife, Inc. Named to this position in May 2011, Goulart oversees MetLife’s $450 billion general account portfolio and more than 650 investment and support professionals around the world.
Prior to becoming CIO, Goulart served as senior managing director and head of MetLife’s portfolio management unit since January 2011. He joined MetLife in 2006 to head the company’s mergers & acquisitions unit, and in July 2009 was also named treasurer. In these roles, he was responsible for the strategic management of MetLife’s financial resources, including capital planning and financings, risk-based capital management, liquidity and cash management, international treasury and mergers and acquisitions. In both of these key finance positions, Goulart was integral to MetLife’s successful $16.4 billion acquisition of Alico in 2010.
At MetLife, Goulart oversaw the completion of financings exceeding $21 billion and more than fifteen strategic transactions, including the innovative tax-free split-off of MetLife’s majority stake in Reinsurance Group of America, Incorporated, the acquisition of SafeGuard Health Enterprises, Inc.; AFORE Actinver, S.A. de C.V.; EverBank Reverse Mortgage LLC; and First Horizon Home Loans, as well as the sales of Texas Life Insurance Company and MetLife’s stake in MSI MetLife in Japan.
Over the course of his career, Goulart has led or participated in many transactions in the industry, including a number of insurance company demutualizations, equity and debt offerings and initial public offerings. Prior to joining MetLife, Goulart was a senior managing director in Bear Stearns’ financial institutions group. Prior to joining Bear Stearns in 2001, he was managing director in Morgan Stanley’s global insurance group, where he led U.S. client coverage of the industry and was responsible for primary investment banking relationships with many insurance and other financial services companies. Prior to joining Morgan Stanley, Goulart was managing director in the financial institutions group at Merrill Lynch, where he had been since 1984.
Goulart received a B.S. in business administration from the University of Pacific, where he was elected to the Pacific Athletic Hall of Fame and served as a member of the board of regents. He also holds an M.B.A. from Harvard Business School.

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