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...

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