B
METROPOLITAN LIFE INS CO
New York, NY
Data as of
September 30, 2020
NAIC
Classification
Life & Annuity
Risk Adjusted
Capital Ratio #1
2.47
Risk Adjusted
Capital Ratio #2
1.27
Total
Assets
412.34B
Capital
13.40B
Net
Premiums
20.75B
Net
Income
2.56B
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Major Rating Factors: Good quality investment portfolio (5.4 on a scale of 0 to 10) despite substantial holdings of BBB bonds in addition to junk bond exposure equal to 74% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Good overall profitability (6.8). Return on equity has been excellent over the last five years averaging 23.8%. Good liquidity (6.9).
Other Rating Factors: Good overall results on stability tests (5.0) good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Strong capitalization (7.4) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors: I - Past results on our Investment Safety Index. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Group annuities (33.8%), group health (29.9%), group life (26.0%), ind health (3.1%), ind annuities (0.5%), ind life (0.1%), other (6.4%)
Licensed in: All states, the District of Columbia and Puerto Rico
Investments
Invested Assets
242.8B
Cash
0.97%
CMO & Structured Securities
16.43%
Other Investment Grade Bonds
41.45%
Non-Investment Grade Bonds
4.08%
Common & Preferred Stock
0.80%
Mortgages in Good Standing
23.69%
Non-Performing Mortgages
0.20%
Real Estate
0.58%
Other Investments
9.80%
Investments in Affiliates
4.21%
Corporate Info
Group Affiliation
MetLife Inc
Investment Rating
MET
Company Address
200 Park Avenue
New York, NY 10166
Phone Number
(212) 578-9000
NAIC Number
65978
Largest Affiliates
C
Wilmington, DE - L&A
B
Warwick, RI - P&C
B
Freeport, IL - P&C
Weiss Ratings