We make and keep long-term promises that sustain individuals, families, and communities. We also make long-term investments that sustain economic prosperity. All of this reflects our purpose as a company: “Always with you, building a more confident future.” A more confident future is a more sustainable future.
We sustain confidence for tens of millions of people across the globe by protecting them against financial risks they cannot bear on their own.
We sustain job growth, wealth creation, and financial stability by providing hundreds of billions of dollars in patient capital for the economy. Last year, we had more than $58 billion of Responsible Investments1 under management, including green energy, infrastructure, and affordable housing.
And we sustain and form a vital part of the social safety net, relieving pressure on government programs by providing supplemental sources of financial protection and income. Life insurance was the very model for social insurance, and we still protect people against the same risks — loss of income from death, disability, and retirement. Globally, we pay out roughly $30 billion a year to policyholders.
Our work takes on special importance during a global health crisis. When the COVID-19 pandemic erupted, we all faced an unprecedented challenge. It was a challenge that MetLife was built for.