When did MetLife convert to a stock company?

Answer The Metropolitan Life Insurance Company (MetLife) converted to a stock company on April 5, 2000, issuing nearly 500 million shares to over 9 million policyholders and selling an additional 202 mill... Read More »

Top Q&A For: When did MetLife convert to a stock company

In what year did MetLife become a stock company?

Metropolitan Life (MetLife) Insurance offered 202 million shares and raised more than $2.8 billion in its initial public offering on April 5, 2000. The company is listed on the New York Stock Excha... Read More »

Is a MetLife lifetime annuity insured if MetLife goes bankrupt?

Like all annuities, MetLife lifetime annuities are not insured by the Federal Deposit Insurance Corporation if MetLife goes bankrupt; instead, consumers receive protection from their State Guaranty... Read More »

What Happens to Stock Price When a Public Company Goes Private?

Stock represents ownership shares in a company's financial fortunes. Publicly traded stock is available for purchase on major stock exchanges, such as the New York Stock Exchange and NASDAQ. Privat... Read More »

Why would a company use preferred stock instead of common stock?

Preferred and common stock are classes of corporate equity offered to investors that carry distinct risk profiles. Preferred stock financing is advantageous to businesses in particular situations.I... Read More »