Metlife Inc. provides life insurance, annuities, employee benefits, and asset management products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa. The company was founded in 1863 and is based in New York, New York.
AM Best has assigned a Long-Term Issue Credit Rating of "bbb" to the $1 billion issuance of 3.85% fixed rate reset non-cumulative preferred stock, Series G, recently issued by MetLife, Inc. (MetLife) (headquartered in New York, NY) [NYSE: MET]. The outlook assigned to the Credit Rating (rating) is stable. Leverage and coverage ratios remain supportive of the ratings. The existing ratings of MetLife and its subsidiaries are unchanged.
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MetLife--once a mutual company before the 2000 demutualization--is the largest life insurer in the U.S. by assets and provides a variety of insurance and financial services products. Outside the United States, MetLife operates in Japan and more than 40 countries in Latin America, the Asia-Pacific region, Europe, and the Middle East.