Performance Analysis of Metlife in Bangladesh

Abstract

Metlife Bangladesh is the largest life insurer in the country. It serves over a million customers and is a major employer in Bangladesh with over 16000 filed force and employees. Established in 1952 the company was popularly known as “ALICO” until its acquisition by Metlife, Inc. globally in November 2010 when it was co-branded as „Metlife Alico‟ and later as Metlife in 2015.Metlife offers financial protection to the people of Bangladesh through a mix of traditional and innovative products such as individual and group life insurance policies, pension schemes, children‟s education policy, Shariah based (Takaful) saving schemes and accident and health products. The financial statement have been prepared on the Historical Cost based expect for certain fixed asserts that were restated at replacement cost, and therefore, do not take into consideration of effect of inflation except the Lands, Buildings and plants & Machinery The report is mainly a descriptive and analytical outcome. The report is combined of introduction, organization part, a brief discussion about finance and analysis part. The analysis is comprised of two parts qualitative analysis and quantitative analysis Qualitative analysis means non-financial data analysis which contains industry analysis, external and internal environmental analysis is consisting PEST and SWOT analysis of Metlife in Bangladesh. Quantitative analysis consisting of four types of analysis , like –income statement analysis, statement of financial position analysis , ratio analysis and also the tread analysis (vertical) and comparative analysis (horizontal) of ratios and other financial data of the last 2-3 years.