MetLife - M&A Summary and Business Overview

InsuranceCompany

MetLife M&A Summary

MetLife has acquired 14 companies, including 4 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 5 assets.

MetLife’s largest acquisition to date was in 2010, when it acquired American Life Insurance for $16.2B. It’s largest disclosed sale occurred in 2020, when it sold MetLife Auto & Home to Farmers Group for $3.9B. MetLife has acquired in 10 different US states, and 3 countries. The Company’s most targeted sectors include insurance (54%) and financial services (16%).

MetLife Business Overview

Where is MetLife headquartered?

MetLife is headquartered in New York, New York.

What is MetLife’s revenue?

MetLife disclosed revenue of 66,407M USD for 2023 and 67,822M USD for 2022.

How many employees does MetLife have?

MetLife has 45,000 employees.

What sector is MetLife in?

MetLife is an insurance company.

When was MetLife founded?

MetLife was founded in 1863.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity13
    • M&A Sell Activity5
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 15
  • M&A Advisors 13

MetLife

MetLife, Inc.

200 Park Avenue,
New York, New York 10166
United States,
(212) 578-9500
www.metlife.com

MetLife is a global financial services and insurance company, offering clients planning, retirement, and savings solutions. MetLife was formed in 1863 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 12 1 - - - - 13
vol $31.7B $1.7B $33.4B
Sell (0.2/yr) # 4 1 - - - - 5
vol $375M $3.9B $4.3B
  18

Most Recent M&A

Company Date Value Type
MetLife Auto & Home 2020-12-11 3.9B USD Divestiture
New York, New York · www.myautohome.metlife.com
Versant Health Holdco, Inc. 2020-09-17 1.7B USD Add-on Acquisition
Linthicum, Maryland · www.versanthealth.com
PetFirst Healthcare LLC 2019-12-05 - Add-on Acquisition
Jeffersonville, Indiana · www.petfirst.com
Bequest, Inc. 2019-11-20 - Add-on Acquisition
Miami, Florida · www.willing.com
Metlife Afore, S.A. De C.V. 2017-10-26 - Divestiture
Mexico, Mexico · www.metlifeafore.com.mx
Logan Circle Partners LP 2017-07-07 250M USD Add-on Acquisition
Philadelphia, Pennsylvania · www.logancirclepartners.com
MetLife - U.S. Retail Advisor Force 2016-02-29 - Divestiture
, United States
MetLife Assurance Ltd. 2014-02-18 - Divestiture
London, United States
AmLife Insurance Bhd 2013-12-19 256M USD Stake Purchase
Kuala Lumpur, Malaysia · www.amassurance.com.my
American Service Life Insurance Co. 2012-08-01 - Divestiture
Wilmington, Delaware
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
MetLife Europe d.a.c.    - MetLife Europe d.a.c. - Traditional Business 2019-04-02 1
Dublin, Ireland · www.metlife.eu Dublin, Ireland
Hyatt Legal Plans, Inc.    - Signature LegalCare Busines 2010-07-22 1
Cleveland, Ohio · www.legalplans.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 7 (58%) 31.1B (99%) 3 (60%) 3.9B (91%)
Financial Services 2 (17%) 250M (1%) 1 (20%) 375M (9%)
Healthcare Services 1 (8%) - - -
Internet Software and Services 1 (8%) - - -
Real Estate 1 (8%) - - -
Business Services - - 1 (20%) -
Total 12 $31.4B 5 $4.3B

By Geo

State/Country Buy Value Sell Value
United States 11 31.1B 4 4.3B
  Delaware 2 16.2B - -
  Maryland 1 1.7B - -
  Indiana 1 - - -
  Georgia 1 - - -
  Florida 1 - - -
  Connecticut 1 11.8B - -
  California 1 - - -
  Tennessee 1 - - -
  Pennsylvania 1 250M - -
  Missouri 1 1.2B - -
  Massachusetts - - 1 375M
  New York - - 1 3.9B
Chile 1 2.0B - -
Malaysia 1 256M - -
Mexico - - 1 -
Domestic 11 (85%) 31.1B (93%) 4 (80%) 4.3B (100%)
Cross-border 2 (15%) 2.3B (7%) 1 (20%) -
Total 13 $33.4B 5 $4.3B

Top M&A Advisors

Financial Deals
Guggenheim Securities
1
CapM Advisors
1
Sandler O'Neill + Partners LP
1
Legal Deals
Prieto
1
Sidley
1
Mayer Brown
1

Deal Values

buy # Total
> $1B 5 $32.9B
$100M to $1B 2 $506M
TOTAL $33.4B
Largest American Life Insurance Co. (ALICO)
$16.2B (2010-11-01)
sell # Total
> $1B 1 $3.9B
$100M to $1B 1 $375M
TOTAL $4.3B
Largest MetLife Auto & Home
$3.9B (2020-12-11)

M&A Connections

Deals
Acquired from
Investor(s)
23%
3 (23%)
Strategic(s)
46%
6 (46%)
Divested to
Strategic(s)
100%
5 (100%)

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