Home » Business » What compensation did Metropolitan Life, the second largest life insurer in Romania, pay in the first three months of 2021 – Private Pensions

What compensation did Metropolitan Life, the second largest life insurer in Romania, pay in the first three months of 2021 – Private Pensions

Metropolitan Life, a company where over 2.5 million Romanians have compulsory life insurance and private pensions, reported revenues of over 125.1 million lei in the first quarter of this year, up 22% compared to the same period of last year. The second largest life insurer in Romania also announced on Thursday that the indemnities paid for the first quarter of 2021 exceeded 38.7 million lei, 45% more than the same period in 2020.

For the first three months of 2021, Metropolitan Life recorded gross written premiums amounting to 125,180,371 lei, compared to the same period in 2020, when the value of gross written premiums amounted to 102,854,286 lei.

  • “2020 was a year in which we continued to consolidate operations and adapt our strategy to customer needs and the pandemic context. We have laid the foundations for a successful start to 2021, continuing to focus on expanding partnerships, digitizing, diversifying and simplifying processes. ” Carmina Dragomir, CEO of Metropolitan Life, said Thursday.

Regarding the allowances paid for the first quarter of 2021, they had a value of 38,752,732 lei, 45% more than the same period in 2020, when they amounted to 26,817,881 lei. Thus, the amount of compensation in the first 3 months of this year reflects the financial evolution and dynamics of the Metropolitan Life business, but also the pandemic context that generated an increase in benefits paid for hospitalization and / or medical expenses that occurred as a result of Covid-19 disease.

Metropolitan Life is part of MetLife, Inc., one of the largest financial services companies in the world, and a branch of the Irish company Metlife Europe. 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.

In Romania, Metropolitan Life has over 22 years of activity on the life insurance market and has over 2.5 million customers who have compulsory life insurance and private pensions.

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