Metropolitan Life recorded an increase of 8% in gross written premiums in 2023

Business Forum
Metropolitan Life, one of the most important players in the life insurance market in Romania, registered during the year 2023 gross written premiums amounting to RON 625.1 million, having an increase of 7.95% compared to the previous year, when the amount of gross written premiums was RON 579.14.

"We are delighted to announce another year of financial performance for Metropolitan Life. The results recorded last year demonstrate the consolidation of our position in the market as a reliable partner for over 4 million Romanians, for over a quarter of a century. Our team has continued to have a strategic approach to offer clients flexible and customized financial protection products and services. In 2023, we demonstrated our commitment to navigate life together with our customers by paying substantial allowances and we are proud to see that financial protection remains a priority for Romanians. In 2024, we aim to continue innovating and capitalizing on opportunities for sustainable growth, constantly adapting to the evolving needs of our customers.", declared Carmina Dragomir, CEO of Metropolitan Life.

Furthermore, in 2023 Metropolitan Life paid allowances amounting to a total value of RON 198.57, with 9.66% more than in 2022, when the value of the allowances paid amounted to RON 181 million.

In 2024, customer needs and preferences remain at the center of Metropolitan Life's attention, while the company's goal continues to focus on providing personalized financial protection solutions, maintaining operational efficiency, and simplifying the interaction with its services. Metropolitan Life aims to continue developing and diversifying its products by optimizing distribution channels to ensure accessibility and simplify processes for customers. In parallel, the company reaffirms its commitment to support the communities of which it is a part, constantly investing in education, social inclusion, and sustainability.

MetLife, through subsidiaries and affiliates, is world's leading financial services companies, providing insurance, annuities, employee benefits, and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe, and the Middle East. For more information, visit www.metlife.com. In Romania, Metropolitan Life has over 25 years of activity in the life insurance market. More than 4 million customers benefit from life insurance and mandatory private pensions offered by Metropolitan Life locally.

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Business Forum  |  14 May, 2024 at 3:05 PM