Listings in Financial Services
Humana
Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. As of 2014 Humana had over 13 million customers in the U.S.,[2] reported a 2013 revenue of US$41.3 billion,[3] and had 51,600 employees.[4] In 2018, the company ranked 56 on the Fortune 500 list,[5] which made it the highest ranked (by revenues) company based in Kentucky. It has been the third largest health insurance in the nation.[6] The U.S. Dept. of Health and Human Services investigated Humana in 2009 for sending flyers to Medicare recipients that the AARP characterized as deceptive. The company’s managed care model has also been criticized for ethical lapses and limitations. The health insurer Aetna said on July 3, 2015, that it had agreed to acquire its smaller rival Humana for $37 billion in cash and stock[7] but walked away from the deal after a court ruling that the merger would be anti-competitive.
JPMorgan Chase
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the sixth largest bank in the world by total assets,[4] with total assets of US$2.73 trillion.[5] It is also the world’s most valuable bank by market capitalization.[6] JPMorgan Chase is incorporated in New York.[7] As a “Bulge Bracket” bank, it is a major provider of various investment banking and financial services. It is one of America’s Big Four banks, along with Bank of America, Citigroup, and Wells Fargo.[8] JPMorgan Chase is considered to be a universal bank and a custodian bank. The J.P. Morgan brand, is used by the investment banking, asset management, private banking, private wealth management, and treasury services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank’s retail banking activities in the United States, and commercial banking. Both the retail and commercial bank and the bank’s corporate headquarters are currently located at 383 Madison Avenue in Midtown Manhattan, New York City, while the prior headquarters building directly across the street, 270 Park Avenue, is demolished and replaced with a new building.[9]. The current company was originally known as Chemical Bank, which acquired Chase Manhattan and assumed that companies name. The present name of company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.[9] As of 2019, the asset management arm of the bank has US$2.988 trillion in assets under management, while its investment and corporate bank arm holds US$25.45 trillion in assets under custody.[5] At US$45.0 billion in assets under management, the hedge fund unit of JPMorgan Chase is the third largest hedge fund in the world.
Liberty Mutual Insurance Group
Liberty Mutual Group, is an American diversified global insurer, and the third-largest property and casualty insurer in the United States.[3] It ranks 68th on the Fortune 100 list of largest corporations in the United States based on 2017 revenue.[4] Based in Boston, Massachusetts, it employs over 50,000 people in more than 900 locations throughout the world. As of December 31, 2016, Liberty Mutual Insurance had $121.7 billion in consolidated assets, $102.5 billion in consolidated liabilities, and $38.3 billion in annual consolidated revenue.[5][6] The company, founded in 1912, offers a wide range of insurance products and services, including personal automobile, homeowners, workers’ compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, fire and surety.[7][8] Liberty Mutual Insurance corporate headquarters at 175 Berkeley Street, Boston Liberty Mutual Group owns, wholly or in part, local insurance companies in Argentina, Brazil, Chile, China (including Hong Kong), Colombia, Ecuador, India, Ireland, Malaysia, Poland, Portugal, Russia, Singapore, Spain, Thailand, Turkey, the United Kingdom, Venezuela and Vietnam. In the United States, Liberty Mutual remains a mutual company where policyholders holding contracts for insurance are considered shareholders in the company. However, Liberty Mutual Group’s brand usually operates as a separate entity outside the United States. In other countries, subsidiaries are often created in countries where legally recognized mutual company benefits cannot be enjoyed. The current CEO is David H. Long. He succeeded his predecessor Edmund (Ted) F. Kelly on June 29, 2011.[9][10] Ted Kelly was appointed CEO in 1998.[11] In April 2013, Ted Kelly stepped down from the board of directors, as chairman.
Massachusetts Mutual Life Insurance
The Massachusetts Mutual Life Insurance Company (MassMutual), founded in 1851, is an American mutual life insurance company serving five million clients. With headquarters in Springfield, Massachusetts, the company employs more than 7,000 in the United States, and a total of 10,614 internationally.[2] MassMutual ranked No. 93 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[3] The company has revenues of $29.6 billion and assets under management of $675 billion (as of 2016).[4][5] MassMutual provides financial products such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. Major affiliates include Barings LLC, Haven Life Insurance Agency, and OppenheimerFunds, Inc.
MetLife
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC),[2] better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries.[3][4] The firm was founded on March 24, 1868.[5] MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[6] On January 6, 1915, MetLife completed the mutualization process, changing from a stock life insurance company owned by individuals to a mutual company operating without external shareholders and for the benefit of policyholders.[7] After 85 years as a mutual company, MetLife demutualized into a publicly traded company with an initial public offering in 2000.[8] Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia’s Pacific region, Europe, and the Middle East.[9] MetLife serves 90 of the largest Fortune 500 companies.[10] The company’s principal offices are located at 200 Park Avenue, New York City in Midtown Manhattan, New York City, though it retains some executive offices and its boardroom in the MetLife Building, located at 200 Park Avenue, New York City, which it sold in 2005.[11] In January 2016, the company announced that it would spin off its U.S. retail business, including individual life insurance and annuities for the retail market, in a separate company called Brighthouse Financial, which launched in March 2017.[12] The continuing MetLife company kept naming rights to MetLife Stadium in northern New Jersey.