Insurance: Change in Standings

Metropolitan Life Insurance Co. Chairman Gilbert W. Fitzhugh last week felt a little like a Hertz executive who had been told that Avis had finally overtaken him. The mighty Met, long the second biggest U.S. company after A.T. & T. in terms of assets, and No. 1 in the insurance field for nearly half a century, lost honors to rival Prudential Insurance Co. of America. By the margin of $83,020,000, the Pru outdid its competitor, ended the year with assets of $23,594,698,000 v. $23,511,678,000 for the Met. Part of the gain was due to the fact that Prudential got...

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