U.S. Business: Personalities: Mar. 6, 1964

INSURANCE companies generally tap salesmen, lawyers or investment specialists to become their presidents. Gilbert W. Fitzhugh is one of the few actuaries heading a large firm, but his happens to be the biggest: the venerable, 96-year-old Metropolitan Life. Last week President Fitzhugh announced a 1963 premium income of $2.8 billion and $7.5 billion worth of new insurance issued, which keeps Metropolitan well ahead of runner-up Prudential. The Metropolitan's insurance in force ($106.5 billion) covers 44.5 million people. One life-insurance policyholder (for $500,000) is Fitzhugh, 54, who by his own tables enjoys a life expectancy of 74.7 years. Not figured in, however,...

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!