Metropolitan Life plans to reorganize as a stock company

Article Abstract:

The 12 million policyholders of Metropolitan Life Insurance Co. are about to become stockholders with a predicted value of $14 billion. It's becoming the trend for the large insurance companies because publicly traded stock is a way to raise capital and it is like currency for acquisitions and expansion. As a result, the company will use terms like "deliver value" and "be more competitive," but only because the company's battle to keep profits out of the hands of policyholders is lost. For a time, Met Life even considered moving its headquarters out of New York to another state.

Securities, Metropolitan Life Insurance Co.

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New York Life Insurance won't go public, for now; fears of takeover may be behind decision

Article Abstract:

New York Life's CEO convinced the board that the company should remain a mutual company, owned by its policyholders who receive dividends. The company has about $3 billion in cash for acquisitions, so going public to raise money isn't necessary. Analyst think another reason might be that the company would be a target for possible takeover if it went public.

Comment:

Decided to remain a mutual company

Management, Going public (Securities), Initial public offerings, New York Life Insurance Co.

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