links

In contrast, for MetLife, part of ALICO’s attraction is the minimal business overlap. Integration of the two companies is expected Links of London cost around USmn over the next . years. Savings from amalgamation of systems and so on should amount to only USmn a year. For all its strengths in Japan and Brazil where MetLife has BRLbn in inforce business, corporate clients and .mn customers, MetLife has up to now been overwhelmingly a US company that focuses on life insurance, variable products and employee benefits. In distributing its products, it has tended to use professional agents, employers Links of London Z Charm third party relationships. In the year to September MetLife reported revenues from premiums plus universal life and investment product policy fees of US,mn. Of this, US,mn was written in the US. In terms of revenues from premiums and other considerations, ALICO is about a third of the size of MetLife. However, and despite a global headquarters in Wilmington, Delaware, ALICO’s business is wholly outside Links of London y Charm US. We estimate that, once it is combined with ALICO, a little over onethird of MetLife’s business will be derived from outside the US, as the following table shows. Both companies have a presence in Japan, although ALICO’s business is much larger than that of MetLife. MetLife’s Latin American operations are of significantly greater size than those of ALICO. However, it has no presence in Central and Eastern Europe except for a minor subsidiary in Poland or the Middle East. The two companies are also very different in terms of the products that they tend to focus on and the distribution Links of London X Charm that they favour. Following the acquisition, MetLife will truly be one of the world’s leading global life insurance companies. In terms of inforce business, the combined insurer will be number one in the US, Mexico, Chile and Russia. It will be number two in Japan, and the secondlargest independent insurer in Brazil.