DOCSLIB.ORG

The Travelers Companies, Inc

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Travelers Companies, Inc Jay S. Benet Vice Chairman & Chief Financial Officer Barclays Global Financial Services Conference September 8, 2014 1 Explanatory Note This presentation contains, and management may make, certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. Examples of our forward-looking statements include statements relating to our future financial condition and operating results, the sufficiency of our reserves, the impact of emerging claim issues and other litigation, reinsurance coverage, catastrophe losses, market conditions, our share repurchase plans, potential margins, potential returns, and our strategic initiatives. We caution investors that such statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond the company’s control, that could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. Some of the factors that could cause actual results to differ include, but are not limited to, the following: • Catastrophe losses; • Financial market disruption or economic downturn; • Changes to our claims and claim adjustment expense reserves; • The performance of our investment portfolio; • Asbestos and environmental claims and related litigation; • Mass tort claims; • Emerging claim and coverage issues; • Competition, including the impact of competition on our strategic initiatives and new products; • The collectability and availability of reinsurance coverage; • Credit risk we face in insurance operations and investment activities, including under reinsurance or structured settlements; • The federal, state and international regulatory environment; • A downgrade in our claims-paying or financial strength ratings; • The inability of our insurance subsidiaries to pay dividends to our holding company in sufficient amounts; • Disruptions to our relationships with our independent agents and brokers; • Risks associated with developing new products, including in Personal Insurance, or expanding in targeted markets; • Losses of or restrictions placed on the use of credit scoring or other underwriting criteria in the pricing and underwriting of insurance products; • Risks associated with our use of pricing and capital models; • Limits to the effectiveness of our information technology systems; • Difficulties with our technology, data security and/or outsourcing relationships; • Risks associated with our business outside of the United States, including regulatory risks; • Risks associated with acquisitions, and integration of acquired businesses; • Limits to the effectiveness of our compliance controls; • Our ability to hire and retain qualified employees; • Company may be unable to protect and enforce its own intellectual property or may be subject to claims infringing on intellectual property of others; • Other changes in tax laws that adversely impact our investment portfolio or operating results; • Changes to existing accounting standards; • Factors impacting the operation of our repurchase plans; and • The company may not achieve the anticipated benefits of its transactions, its new products or its strategic initiatives or complete a transaction that is subject to closing conditions. For a more detailed discussion of these factors, see the information under "Risk Factors" and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission. Our forward-looking statements speak only as of the date of this presentation or as of the date they are made, and we undertake no obligation to update those statements. 2 • Travelers Profile • Data & Analytics • Performance 3 Travelers Profile • Property & casualty insurer – writer of primary business, mostly U.S. domestic with growing international presence • Distribution primarily through independent agents and brokers • Full year 2013 net written premiums: $22.8 billion − 6th largest property & casualty insurer − #2 in commercial insurance, strong presence in small and middle market businesses − #9 in personal insurance (#2 - agency only) • Focus on frequency driven product lines, not severity • Top tier returns • Financially strong and very highly rated − Total assets of $105 billion − Investment portfolio of $74 billion − Shareholders’ equity of $25.5 billion • Investment operations support insurance operations, not the other way around • Component of the Dow Jones Industrial Average Market share ranking source: SNL Financial. Based on 2013 direct written premium. Total excludes other accident & health. Personal agency ranking 4 based on 2013 A.M. Best market share. Total assets, investment portfolio and shareholders’ equity at June 30, 2014. Long-Term Financial Strategy Balanced Generation of approach to Meaningful and top tier earnings rightsizing capital sustainable and capital and competitive substantially in growing book advantages excess of growth value per share needs over time CREATE SHAREHOLDER VALUE Objective: Mid-Teens Operating ROE Over Time 5 Return Focused Company Operating Return on Equity vs. Estimated Cost of Capital1 17.9% 17.7% 15.5% 14.6% 14.0% 12.4% 12.5% 11.9% 11.0% 10.8% 9.6% 9.8% 8.3% 8.4% 7.9% ` 8.1% 7.4% 6.6% 6.1% 6.4% 2005 2006 2007 2008 2009 2010 2011 2012 2013 1H 2014 TRV operating return on equity TRV estimated cost of capital1 From Jan. 1, 2005 through Jun. 30, 2014, TRV’s average annual operating ROE was approximately 13.2% 6 1 Cost of capital: weighted average cost of capital represents the cost of equity, debt and hybrid securities proportional to the total capital of the enterprise. The cost of equity: weekly two year adjusted beta against S&P 500, Ibbotson equity market risk premium and ten -year Treasury. Consistently Growing Book Value Per Share Book Value Per Share $75.32 $70.15 $67.31 $62.32 $58.47 $52.54 $42.22 $43.12 $36.86 ` $31.94 2005 2006 2007 2008 2009 2010 2011 2012 2013 Jun. 30, 2014 Adjusted Book Value Per Share1 $66.41 $69.38 $59.09 $54.19 $55.01 $48.98 $41.25 $43.37 $36.21 ` $31.47 2005 2006 2007 2008 2009 2010 2011 2012 2013 Jun. 30, 2014 1 Adjusted book value per share is total common shareholders’ equity excluding the after-tax impact of net unrealized investment gains 7 and losses divided by the number of common shares outstanding. • Travelers Profile • Data & Analytics • Performance 8 Data & Analytics - Role of Finance Organization at Travelers • Major part of the company’s culture -- finance fully embedded in our business units • Knowledge, insight and judgment is the name of the game • Modern, comprehensive financial systems streamline financial reporting processes and allow for extensive financial planning and analysis • Highly effective systems of internal control and enterprise risk management in place -- crucial to data integrity at the granular level • Detailed analytics drive business decisions Financial information is a fully integrated continuum -- what are actual results telling you about actions you should take both now and in the future? 9 Data & Analytics - Knowledge, Insight and Judgment • Worldwide general ledger1 Countrywide – CAG Field Controllable Income Statement Jane Smith (XXX) XXX-XXXX • Consolidated results available on Southwest Region – CAG Field - Controllable Income Statement fifth work day of each month John Smith (XXX) XXX-XXXX Los Angeles – CAG Field – Reported Loss/LAE Triangle John Smith (XXX) XXX-XXXX Los Angeles – CAG Field - Controllable Income Statement • Domestic field organization controllable income statements available on sixth work day of each month • Consolidated GAAP results consistent with field results • Fully integrated into corporate culture and business dialogue Deeply rooted analytic culture in place since early 1990’s 10 1Currently excludes a recent acquisition Data & Analytics – “Ever Better” Financial Insight Production information: renewal rate change, exposure change, etc. Account executive dashboards Expected economic product returns Renewal rate change distribution Renewal rate change & retention by loss ratio band Continually expanding business analytics for better decision making 11 Highly Detailed Reserve Setting Process • Actuarial fully embedded in our business units • Highly detailed analyses performed quarterly at the business unit level to test carried reserves • Involves a high degree of judgment informed by historical data, detailed knowledge of the business, econometric trends and extensive communication across the organization Construction Business Unit Workers’ Compensation, Guaranteed Cost, Indemnity, Incurred Losses DQ \ AY 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 • One of 35 triangles used to test 1 1,201,721 1,268,760 1,540,523 2,593,681 2,739,620 3,276,398 2,978,892 5,161,053 4,037,770 3,619,872 3,466,610 5 9,869,952 14,229,343 20,433,492 26,978,839 29,843,753 29,953,796 42,562,272 47,622,681 44,341,319 49,712,967 Construction WC-GC reserve -- 9 14,517,446 20,184,405 26,993,669 38,140,249 43,090,395 49,198,732 63,407,442 72,848,085 69,181,894 13 18,300,937 21,998,748 27,721,816 41,046,534 51,037,555 56,617,378 75,765,992 88,873,922 represents 6.6% of total workers’ 17 18,437,939
Load more

Recommended publications
  • FORM 10-K the Travelers Companies, Inc
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ ________________________________________________ Commission file number 001-10898 ________________________________________________ The Travelers Companies, Inc. (Exact name of registrant as specified in its charter) _________________________________________________________________ Minnesota 41-0518860 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) ______________________________________________________________________________ 485 Lexington Avenue New York, NY 10017 (Address of principal executive offices) (Zip code) (917) 778-6000 (Registrant’s telephone number, including area code) ______________________________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, without par value TRV New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer (as defined in Rule 405 of the Securities Act). Yes x No ¨ Indicate
    [Show full text]
  • Information for California Residents
    Information for California residents THE FOLLOWING IS A LIST OF THE TRAVELERS COMPANIES WHICH ARE LICENSED AS INSURERS IN THE STATE OF CALIFORNIA: COMPANY CA ID # STATE OF DOMICILE American Equity Specialty Insurance Company 4452-9 Connecticut One Tower Square, Hartford, CT 06183 Discover Property & Casualty Insurance Company 2421-6 Connecticut One Tower Square, Hartford, CT 06183 Farmington Casualty Company 3044-5 Connecticut One Tower Square, Hartford, CT 06183 Fidelity and Guaranty Insurance Company 2333-3 Iowa 1089 Jordan Creek, Ste. 300, West Des Moines IA 50266 Fidelity and Guaranty Insurance Underwriters, Inc. Pinnacle II 1596-6 Wisconsin at Bishops Woods, 13935 Bishops Drive,Suite 200, Brookfield, WI 53005 Northland Casualty Company 1590-9 Connecticut One Tower Square, Hartford, CT 06183 Northland Insurance Company 1643-6 Connecticut One Tower Square, Hartford, CT 06183 St. Paul Fire and Marine Insurance Company 0825-0 Connecticut One Tower Square, Hartford, CT 06183 St. Paul Guardian Insurance Company 2049-5 Connecticut One Tower Square, Hartford, CT 06183 St. Paul Mercury Insurance Company 1891-1 Connecticut One Tower Square, Hartford, CT 06183 St. Paul Protective Insurance Company 1194-0 Connecticut One Tower Square, Hartford, CT 06183 Select Insurance Company 1651-9 Texas 1301 East Collins Boulevard, Richardson, TX 75081 Standard Fire Insurance Company (The) 0335-0 Connecticut One Tower Square, Hartford, CT 06183 Travelers Casualty and Surety Company 1790-5 Connecticut One Tower Square, Hartford, CT 06183 Travelers Casualty
    [Show full text]
  • 2019 Insurance Fact Book
    2019 Insurance Fact Book TO THE READER Imagine a world without insurance. Some might say, “So what?” or “Yes to that!” when reading the sentence above. And that’s understandable, given that often the best experience one can have with insurance is not to receive the benefits of the product at all, after a disaster or other loss. And others—who already have some understanding or even appreciation for insurance—might say it provides protection against financial aspects of a premature death, injury, loss of property, loss of earning power, legal liability or other unexpected expenses. All that is true. We are the financial first responders. But there is so much more. Insurance drives economic growth. It provides stability against risks. It encourages resilience. Recent disasters have demonstrated the vital role the industry plays in recovery—and that without insurance, the impact on individuals, businesses and communities can be devastating. As insurers, we know that even with all that we protect now, the coverage gap is still too big. We want to close that gap. That desire is reflected in changes to this year’s Insurance Information Institute (I.I.I.)Insurance Fact Book. We have added new information on coastal storm surge risk and hail as well as reinsurance and the growing problem of marijuana and impaired driving. We have updated the section on litigiousness to include tort costs and compensation by state, and assignment of benefits litigation, a growing problem in Florida. As always, the book provides valuable information on: • World and U.S. catastrophes • Property/casualty and life/health insurance results and investments • Personal expenditures on auto and homeowners insurance • Major types of insurance losses, including vehicle accidents, homeowners claims, crime and workplace accidents • State auto insurance laws The I.I.I.
    [Show full text]
  • Insurance - Property & Casualty
    Insurance - Property & Casualty MONTH DD, YYYY HH:MM AM/PM GMT MORGAN STANLEY & CO. LLC June 29, 2016 04:01 AM GMT Kai Pan EQ UITY ANALYST Insurance - Property & Casualty [email protected] +1 212 761-8711 Chai Gohil North America Insight: Digital Disruption RESEARCH ASSO CIATE [email protected] +1 212 761-1710 in Small Business Insurance Nigel Dally EQ UITY ANALYST [email protected] +1 212 761-4132 InsurTech startups & new entrants are driving a digital disruption in Brian Nowak, CFA the ~$100b small business insurance mkt. We see 3 scenarios and EQ UITY ANALYST est. $17-33b mkt. opportunities to gain/lose by 2020. Incumbent [email protected] +1 212 761-3365 carriers & brokers must adapt, and investors should pay attention. Insurance - Property & Casualty Digital disruption in ~$100b SBI market. Small business owner North America demographics favor digital insurance. By 2020, more than 60% of US small IndustryView In-Line business will be owned by Millennials & Gen Xers, who prefer to manage insurance digitally. In our recent survey, 38% of small businesses would buy insurance online if they were starting out today. InsurTech startups are zeroing in on this opportunity. And traditional carriers (incumbents & new entrants) are positioning for changes in this large, profitable & fragmented marketplace. A $25b+ digital SBI market opportunity to gain (or lose). We see 3 scenarios with 15-30% digital SBI penetration by 2020, up from ~4% today. This translates into a $17-33b market opportunity. In our most likely scenario, we estimate ~24% of SBI, or ~$26b premiums, sold digitally by 2020, a ~46% CAGR vs.
    [Show full text]
  • Todd E. Freed
    Todd E. Freed Partner, New York Mergers and Acquisitions; Financial Institutions Todd Freed focuses on mergers and acquisitions, corporate finance and private equity, primarily in the financial services industry. Mr. Freed is co-head of the firm’s Financial Insti- tutions Group and leads the firm’s pre-eminent insurance M&A practice, which recently was named Insurance Practice Group of the Year by Law360. He also was named as a Law360 MVP for Insurance M&A. Mr. Freed is a trusted adviser and go-to dealmaker with significant experience representing public and private acquirers and target companies, private equity firms, and investment banks in a variety of U.S. and international mergers and acquisitions, capital-raising transactions, SPACs, joint ventures, restructurings, and other corporate matters. Mr. Freed is a leading practitioner in M&A, contested transactions, activist situations, and corporate governance and regulatory matters. In addition, he advises clients with respect to takeover preparedness, T: 212.735.3714 SEC reporting obligations and cybersecurity matters. F: 917.777.3714 [email protected] Repeatedly, Mr. Freed has been selected for inclusion in Chambers USA: America’s Leading Lawyers for Business; recognized for his leading experience in the insurance industry, includ- ing in The Best Lawyers in America; named as a leading lawyer in the mergers and acquisitions Education category in the IFLR1000; and recognized in Lawdragon 500 Leading Lawyers in America. In J.D., Ohio State University College addition, he was named a 2020 Insurance MVP by Law360 and has consistently been named of Law, 1997 (summa cum laude; a Client Service All-Star by The BTI Consulting Group, recognizing how clients highly value Associate Editor, Ohio State Law and trust Mr.
    [Show full text]
  • Proxy Statement Pursuant to Section 14(A) of the Securities Exchange Act of 1934 (Amendment No
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ፤ Filed by a Party other than the Registrant អ Check the appropriate box: អ Preliminary Proxy Statement អ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ፤ Definitive Proxy Statement អ Definitive Additional Materials អ Soliciting Material under §240.14a-12 The Travelers Companies, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): ፤ No fee required. អ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: អ Fee paid previously with preliminary materials. អ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: 485 Lexington Avenue 16MAR200702574256 New York, New York 10017 April 6, 2018 Dear Shareholders: Please join us for The Travelers Companies, Inc.
    [Show full text]
  • Top 25 U.S. Holding Companies
    Best’s Rankings Top 25 U.S. Holding Companies - 2021 Edition Ranked by Assets ($000) Rank AMB# Company Name 2020 Total Assets ($000) 2019 Total Assets ($000) % Change 1 058182 Prudential Financial, Inc. 940,722,000 896,552,000 4.9% 2 058334 Berkshire Hathaway Inc. 873,729,000 817,729,000 6.8% 3 058175 MetLife, Inc. 795,146,000 740,463,000 7.4% 4 058702 American International Group, Inc. 586,481,000 525,064,000 11.7% 5 058709 Lincoln National Corporation 365,948,000 334,761,000 9.3% 6 058179 Principal Financial Group, Inc. 296,627,700 276,087,800 7.4% 7 051409 Equitable Holdings, Inc. 275,397,000 249,818,000 10.2% 8 046498 Brighthouse Financial, Inc. 247,869,000 227,259,000 9.1% 9 058106 UnitedHealth Group Incorporated 197,289,000 173,889,000 13.5% 10 050799 Pacific Mutual Holding Company 190,672,000 171,473,000 11.2% 11 050817 Voya Financial Inc. 180,518,000 168,990,000 6.8% 12 050542 Ameriprise Financial, Inc. 165,883,000 151,828,000 9.3% 13 058003 Aflac Incorporated 165,086,000 152,768,000 8.1% 14 051114 Liberty Mutual Holding Company Inc. 145,377,000 133,635,000 8.8% 15 058312 The Allstate Corporation 125,987,000 119,950,000 5.0% 16 058470 The Travelers Companies, Inc. 116,764,000 110,122,000 6.0% 17 059780 Genworth Financial, Inc. 105,747,000 101,342,000 4.3% 18 058180 Anthem, Inc. 86,615,000 77,453,000 11.8% 19 058089 Reinsurance Group of America, Inc.
    [Show full text]
  • Ratemaking and Product Management Workshops and Seminar March 20-22, 2011 New Orleans
    Ratemaking and Product Management Workshops and Seminar March 20-22, 2011 New Orleans LIST OF ATTENDEES This list was created on March 14, 2011 with all registrations received to date. NAME COMPANY Abastillas, Tisha Abigail Pacific Compensation Insurance Company Abrams, Jason R. Chubb Group of Insurance Companies Ai, Jing University of Hawaii Allen, Keith P. Medical Mutual Liability Insurance Society of Maryland Allport, George N. Chubb Specialty Insurance Ander, Daniel WSRB Anderson, David LexisNexis Anderson, Paul D. Milliman, Inc. Anderson, Gwendolyn L. North Carolina Department of Insurance Anderson, Duncan Towers Watson Anderson, Steven H. XL Insurance Anderson, Richard R. Andrews, Frank A. Chubb Group of Insurance Companies Andrist, David Michael The Hartford Angell, Charles M. Alabama Deptartment of Insurance Arhab, Amel Deloitte Consulting LLP Armstrong, Steven D. Allstate Insurance Company Arquette, Kelleen D. Towers Watson Arthur, William M. Chartis Asch, Nolan E. ISO Aubin, Genevieve TD Insurance Babel, Sr., Richard J. LexisNexis Baker, Ronald VeraSage Institute Balakrishnan, Karthik ISO Baldan, John L. ISO Barton, Scot Farmers Insurance Group Bass, Irene K. Bass & Khury Basta, Edward J Munich RE Bayley, Thomas R. Towers Watson Beal, John R LexisNexis Beehler, Chad M. Indiana Farmers Mutual Insurance Company Beinat, Paul NeronWorks, Inc. Beland, Christine TD Insurance Beliveau, Amelie Industrielle Alliance, Assurance A & H Benoit, Guillaume Intact Financial Corporation Benson, Jeremy Todd Swiss Re Bentley, Mark Douglas Vero Insurance (NZ) Ltd Benton, Aaron D.W. Simpson & Company Berenbom, Jonathan P. Partner Re U.S. Bigos, Nicole Marie Universal North America Insurance Company Bishop, Everett G. Liscord, Ward, & Roy, Inc. Bissett, Brian Catlin Underwriting Agencies Limited Boison, Jr., LeRoy A.
    [Show full text]
  • Top 75 North American Public Insurers by Revenue
    Top 75 North American Public Insurers Ranked by 2018 Revenue Rank AMB# Company Name 2018 Total Revenue ($000) 2017 Total Revenue ($000) % Change 1 058106 UnitedHealth Group Incorporated 226,247,000 201,159,000 12.5% 2 058334 Berkshire Hathaway Inc. 225,682,000 242,061,000 -6.8% 3 058180 Anthem, Inc. 92,105,000 90,040,000 2.3% 4 058175 MetLife, Inc. 67,941,000 62,308,000 9.0% 5 058182 Prudential Financial, Inc. 63,465,000 59,689,000 6.3% 6 051149 Centene Corporation 60,369,000 48,572,000 24.3% 7 058052 Humana Inc. 56,912,000 53,767,000 5.8% 8 058702 American International Group, Inc. 47,427,000 49,593,000 -4.4% 9 058312 The Allstate Corporation 39,821,000 39,427,000 1.0% 10 050910 Great-West Lifeco, Inc. 32,297,032 37,454,564 -6.3% 11 058454 The Progressive Corporation 31,954,700 26,816,100 19.2% 12 058470 The Travelers Companies, Inc. 30,282,000 28,902,000 4.8% 13 066866 Manulife Financial Corporation 27,332,771 45,137,021 -34.2% 14 058003 Aflac Incorporated 21,758,000 21,667,000 0.4% 15 051244 WellCare Health Plans, Inc. 20,414,100 17,007,200 20.0% 16 050913 Sun Life Financial Inc. 19,856,308 23,440,177 -8.0% 17 051101 Molina Healthcare Inc. 18,890,000 19,944,000 -5.3% 18 058707 The Hartford Financial Services Group, Inc. 18,750,000 16,988,000 10.4% 19 058364 Fairfax Financial Holdings Limited 17,536,600 16,024,100 9.4% 20 058709 Lincoln National Corporation 16,424,000 14,257,000 15.2% 21 058179 Principal Financial Group, Inc.
    [Show full text]
  • 2020 Metlife Proxy
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under § 240.14a-12 METLIFE, INC. (Name of Registrant as Specified in Its Charter) Payment of Filing Fee (Check the appropriate box): No fee required Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transactions applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: MetLife, Inc. 200 Park Avenue, New York, NY 10166 April 28, 2020 Fellow Shareholders: I write this letter while working from home, as the country and the world struggle to turn back a global pandemic whose social and economic effects, in the United States and the other countries where MetLife operates, are still largely ahead of us.
    [Show full text]
  • 2013 Outreach Activities
    2013 Insurer Supplier Diversity Outreach Efforts Note Supplier Diversity Program: Specific program to promote Supplier Diversity Supplier Registration: Register with company for potential consideration Supplier Community: Additional outreach support provided by companies Subscriber: Subscriber to a Supplier Locator or 3rd party service that identifies diverse-owned suppliers Mentorship Program: Program opportunity to learn goals and aspects of company Membership: Member of certification agencies or similar organizations Host: Company hosts own supplier diversity events or supplier meetings Attend: Company attends diverse business events such as matchmaking Specific Website: Specific site dedicated to their Supplier Diversity Program Supplier Group Name ("unique Supplier Supplier Mentorship Company Name (naic code) Diversity Subscriber Membership Host Attend Specific Website reports") Registration Community Program Program AAA Life Insurance Company.xls AAA Life Ins Co (71854) AAA Northern California, Nevada and Utah AAA Northern CA NV & UT Ins Investigating Insurance Exchange.xls Exch (15539) X which to join X in process of developing Access Insurance Company, dba Access General Insurance Company.xls Access Ins Co (11711) Monumental Life Ins Co (66281), Transamerica Financial Life Ins Co (70688), Transamerica Life Ins Co ( Aegon US Holding 86231), Western Reserve Life Group.xls Assur Co of OH (91413) http://www.aetna.com/about-aetna- Aetna Life Insurance insurance/aetna-corporate- Company.xls Aetna Life Ins Co (60054) X X X X profile/diversity/index.html
    [Show full text]
  • Carrier/Self Insurer Contacts
    State of New Jersey Department of Labor & Workforce Development Division of Workers’ Compensation INSURANCE CARRIER/SELF-INSURER LIST OF DESIGNATED CONTACTS P.L. 2008 Chapter 96, effective October 1, 2008, applies to workers’ compensation insurance carriers and authorized self-insured employers. The law provides that: Every carrier and self-insured employer shall designate a contact person who is responsible for responding to issues concerning medical and temporary disability benefits where no claim petition has been filed or where a claim petition has not been answered. The full name, telephone number, address, e-mail address, and fax number of the contact person shall be submitted to the division. Any changes in information about the contact person shall be immediately submitted to the division as they occur. After an answer is filed with the division, the attorney of record for the respondent shall act as the contact person in the case. Failure to comply with the provisions of this section shall result in a fine of $2,500 for each day of noncompliance, payable to the Second Injury Fund. The Division has compiled the attached contact person listing from information submitted to us by workers’ compensation insurance carriers and authorized self-insurers. You can search for a particular company in this document by using the “Find” tool in Adobe Reader or by clicking on the embedded bookmarks. If you find an error with a particular entry in the attached list, please contact the following to verify our records: Melpomene Kotsines at ([email protected])
    [Show full text]