100 Years of Pension Risk Solution

MetLife, through Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company, is a market leader in the pension risk transfer industry, managing benefit payments of approximately $3 billion a year for about 780,000 annuitants.¹

Through the years, MetLife has worked with companies to provide for the financial security of their retirees and beneficiaries. MetLife’s expertise in managing transferred pension liabilities helps its clients feel secure that their risks are well-managed and their retirees’ pension benefits are protected.

MetLife has successfully orchestrated many pension buyouts through its history, providing superior implementation and client service. In 2021, MetLife’s Retirement & Income Solutions (RIS) customer service organization received J.D. Power certification for providing “An Outstanding Customer Service Experience” for the live phone channel for the third consecutive year. MetLife’s RIS business is among a select few institutional retirement providers that have achieved this status.²

This year, MetLife is celebrating its 100th anniversary of being the first insurer, through Metropolitan Life Insurance Company, to develop and offer a group annuity contract to fund a defined benefit (DB) plan, issuing a group annuity contract to fund the William Rudge Printing Company’s DB pension plan. This first helped pave the way for today’s pension risk transfer market.