Pages from an Open Book (ca. 1949)

In 1947, Metropolitan Life Insurance Company experienced a strong financial year, with a record $671 million in payments to policyholders and beneficiaries, reflecting the company’s commitment to providing security and support. The company expanded its health education programs, contributing to a significant drop in death rates among policyholders. Despite challenges from rising insurance costs and declining interest rates, Metropolitan maintained a robust asset base of $8.5 billion, exceeding liabilities by $499 million. Investments focused on government bonds and community needs, including housing and utilities, with a total investment of $999 million in utilities alone. The company also prioritized health initiatives, including a successful nursing service and educational campaigns, which contributed to improved public health outcomes. Overall, Metropolitan’s operations demonstrated a commitment to transparency and service, with a growing number of policyholders and an increase in group insurance premiums.

Keywords
Metropolitan Life Insurance, 1947 financial performance, policyholder payments, health education, death rate reduction, insurance costs, asset management, community investments, housing projects, public health initiatives, transparency, policyholder growth.

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