INSURANCE: Giant's Progress

One out of every five persons in the U.S. and Canada is a Metropolitan Life Insurance Co. policyholder. Last week, in its 1955 annual report, the world's No. 1 insurance company told its 38.3 million policyholders how it and they are doing. They are doing fine. Last year the company wrote $6.5 billion in new policies, 33% more than ever before, and paid out a peak $1.2 billion in benefits. Policies in force reached a staggering $66.1 billion, 17.7% of all life insurance written in the U.S.

Writing policies is only part of its job. The other is investing...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!