MetLife, Inc. bought out American Life Insurance Company (Alico). This significant acquisition was completed on November 1, 2010.
The Acquisition of American Life Insurance Company (Alico)
On November 1, 2010, MetLife, Inc. finalized its purchase of American Life Insurance Company (Alico). This strategic move brought together two well-established, international businesses, both recognized for their extensive global presence and consistent growth.
The acquisition significantly enhanced MetLife's global reach, particularly in markets where Alico had a strong, long-standing presence. The integration of Alico's operations was aimed at consolidating MetLife's position as a leading global insurance provider and leveraging the combined strengths of both entities.
Key Acquisition Details
The details of this notable transaction are summarized below:
| Acquirer | Acquired Company | Completion Date |
|---|---|---|
| MetLife, Inc. | American Life Insurance Company (Alico) | November 1, 2010 |
Following the completion of the deal, Alico's operations became part of MetLife, contributing to MetLife's comprehensive suite of insurance and financial products offered across various international markets.
For more information about MetLife's global operations and history, you can visit the official MetLife website.
