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It was designed by architect D. Everett Waid and built by the Metropolitan Life Insurance Company in 1906. The Classical Revival style building consists of a two-story section built in 1906, a third floor that was added in 1920, and two additions that were constructed in 1917 and 1927.
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), [3] better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries. [4] [5] The firm was founded on March 24, 1868. [6]
The Metropolitan Life North Building (left) and the Metropolitan Life Insurance Company Tower (right). The original Madison Square Presbyterian Church, designed by Richard M. Upjohn in the Gothic Revival architectural style, was located on Madison Square Park at the southeast corner of East 24th Street and Madison Avenue, and was completed in 1854. [2]
The Metropolitan Life Insurance Company Tower (colloquially known as the Met Life Tower and also as the South Building) is a skyscraper occupying a full block in the Flatiron District of Manhattan in New York City.
Nine bidders submitted offers, five of whom were selected for further consideration: the Metropolitan Life Insurance Company (MetLife), the Equitable Life Assurance Society; Donald Trump; Paul Milstein; and Olympia and York. [236] [c] In July 1980, Pan Am sold the building to MetLife for $400 million (equivalent to $1.24 billion in 2023) [188].
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Beginning with its first annuities business written in 1928, the company grew to offer products for mortgage insurance, lifestyle protection, and long-term care insurance. [5] In 1986, Life of Virginia was acquired by Combined Insurance for $557 million. [5] It became Aon in 1987. [5] In 1996, Life of Virginia was acquired by GE Capital. [5] [6]
In 2018, MetLife divested its remaining interest through a debt-for-equity exchange with four financial institutions that owned MetLife debt. [ 4 ] Headquartered in Charlotte, North Carolina , the company began selling annuity and life insurance under the Brighthouse Financial brand on March 6, 2017.