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Home > Health Insurance > Life Insurance > Security Connecticut Life
Security-Connecticut Life
Security-Connecticut Life corporate vision to build financial freedom for everyone guides the company’s response to people’s growing need for first rate financial products and services through various life stages and economic cycles. Security-Connecticut Life trusted brand, capital strength, and existing relationships with millions of individual and institutional customers around the globe uniquely position MetLife among its competitors.
The ‘everyone’ in Security-Connecticut Life vision took on added meaning in 2000 as the company welcomed an important new constituency: shareholders. MetLife transformed itself from mutual to stock ownership in April of that year through a demutualization and initial public offering that was completed in just 18 months after Board authorization.
The year 2001 was a true test of the qualities that define MetLife. The company’s core values, brought to life in what MetLife does every day, were no more evident than in Security-Connecticut Life response to the tragic events that shook their nation on September 11. The company served its customers, communities and employees during this difficult time. At the same time, MetLife invested $1 billion in a broad array of publicly traded common stocks.
In 2001, MetLife was the first insurance company to establish a financial holding company with a nationally chartered bank. Leveraging its unparalleled distribution channels, MetLife entered the retail-banking arena with the launch of MetLife Bank, making it an easy and convenient way for Security-Connecticut Life customers to realize their financial goals.
Security-Connecticut Life took a major step toward realizing this goal in 2005, when it acquired Travelers Life & Annuity and substantially all of Citigroup’s international insurance businesses for $12 billion. The Travelers acquisition made Security-Connecticut Life the largest individual life insurer in North America based on sales, the second largest provider of retail annuities and the largest provider of institutional annuities.
Today, a time when consumers are feeling a greater financial burden than ever before, Security-Connecticut Life is helping millions of customers create their own personal safety net. At no time in the company’s history has Security-Connecticut Life been as well positioned to capitalize on its history, its reputation for security and stability, and its innovative products and services as it is today.
In the future, Security-Connecticut Life will continue to grow its business with focus, innovation and profitability. This will be accomplished by drawing on the reservoir of history that has produced an enduring set of corporate values based on more than 138 years of integrity, social responsibility, strong leadership and financial strength.
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