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MetLife (MET) increased its international presence substantially after the acquisition of ALICO in 2010. MetLife competes with AIG (AIG), The Hartford (HIG), Prudential Financial (PRU) and New York Life Company.

MetLife reported a 36% increase in premiums, fees and other revenues from the insurance business outside of the U.S. in the year 2010, mainly due to the addition of about $836 million from ALICO's one month operations. MetLife acquired ALICO for about $15.5 billion from AIG as a part of its strategy to grow internationally. The acquisition has enabled MetLife to serve 90 million customers in over 60 countries and has significantly boosted MetLife's position as a leading insurance company in the U.S, Japan, Latin America, Asia Pacific, Europe and the Middle East.

Continue reading ALICO Accelerates MetLife's International Growth

ALICO Accelerates MetLife's International Growth originally appeared on BloggingStocks on Thu, 24 Feb 2011 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>acquisitionalicoinsurance companiesinsurance industryMETMetlifeThu, 24 Feb 2011 11:00:00 EST<![CDATA[Closing Bell: The risk-trade back on (AIG, GENZ, NLST, GE, CMCSA, KMP)]]>http://www.bloggingstocks.com/2009/12/01/closing-bell-the-risk-trade-back-on-aig-genz-nlst-ge-cmcsa/http://www.bloggingstocks.com/2009/12/01/closing-bell-the-risk-trade-back-on-aig-genz-nlst-ge-cmcsa/http://www.bloggingstocks.com/2009/12/01/closing-bell-the-risk-trade-back-on-aig-genz-nlst-ge-cmcsa/#commentsFiled under: , , ,

Many said that today was based on solid economic data, but the markets were already pointed handily north. Today was about traders putting the risk trade back on by buying stocks and buying commodities. Dubai's explosive consequences seem to be mitigated, but that will be determined in time.

Here were the unofficial closing bell levels today:

Dow 10,471.58 +126.74 (1.23%)
S&P 500 1,108.86 +13.23 (1.21%)
Nasdaq 2,175.81 +31.21 (1.46%)

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Continue reading Closing Bell: The risk-trade back on (AIG, GENZ, NLST, GE, CMCSA, KMP)

Closing Bell: The risk-trade back on (AIG, GENZ, NLST, GE, CMCSA, KMP) originally appeared on BloggingStocks on Tue, 01 Dec 2009 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGalicocerezymeCMCSAGEGENZKMPNLSTTue, 01 Dec 2009 16:20:00 EST