MetLife Egypt

What MetLife Egypt does

MetLife Egypt is a Cairo-based life insurance subsidiary of MetLife Inc. (NYSE: MET), operating as an Egyptian joint stock company regulated by the Financial Regulatory Authority under license number 10 dated January 7, 1997. Established as the first global insurance company to receive an insurance license in the Egyptian market, the entity has accumulated more than 25 years of continuous operation and serves over 270,000 customers through a portfolio that spans life insurance (term plans), savings and investment products (Super Saver, IWB, Indexa, with Aggressive, Balanced, Conservative, and Islamic unit-linked fund strategies), accident and health insurance (Olympic, Circles of Protection, Child Care, PAD, Critical Care, Extra Med, New Forever), employee benefits (tailor-made solutions, SME packages, group personal accident, pension defined contribution), and group credit life (consumer loan, credit card, mortgage insurance) for bank partners.

The company distributes products through a multi-channel architecture: bancassurance partnerships with Egyptian banks, a trained exclusive agent force, licensed insurance brokers for corporate placements, a direct enterprise sales team for employee benefits, and digital self-service via the myMetLife web portal plus MetLife e-Services and MyLife mobile applications on iOS and Android that handle claims submission, medical approvals, and provider location. Underlying technology is a digital insurance platform supporting policy management, claims processing, medical approvals, and electronic services, with a wide medical provider network enabling cashless treatment across Egypt.

Revenue is generated through recurring insurance premiums on individual and group policies priced via quote-based risk assessment; individual premiums can be paid monthly, quarterly, semi-annually, or annually, while corporate group benefits are typically billed annually. Customer segments span individuals and families (life, savings, health, retirement), businesses from SMEs to multinationals (employee benefits, group plans), bank partners (credit life and bancassurance distribution), and a network of exclusive agents and brokers. Pricing is not publicly disclosed, and the entity does not separately report revenue — financial scale is implied through 606 local employees and a 270,000+ customer base rather than disclosed top-line figures.

Name

MetLife Egypt

Legal name

MetLife Life Insurance Company (Egyptian Joint Stock Company) (شركة متلايف لتأمينات الحياة (شركة مساهمة مصرية))

Website

https://metlife.eg

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

501–1,000 employees

Short description

MetLife Egypt is the Cairo-based life insurance subsidiary of MetLife Inc., serving 270,000+ individual and corporate customers across Egypt with life, savings, health, employee benefits, and group credit life products distributed via bancassurance, agents, brokers, direct sales, and digital channels.

Ownership category

akta.pro rank

Product category

Life and Health Insurance

NAICS

Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Life Insurance (6311)

akta.pro primary industry

Group Term Life Insurance (FSAIAAAJ)

akta.pro secondary industries

Group Whole Life (Limited/Continuous Pay) (FSAIADAE), Worksite Cancer / Specified Disease Insurance (FSAIAMAI)

Keywords

• Life insurance
• Health insurance
• Savings and investments
• Employee benefits
• Group credit insurance

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Life Insurance Premiums: Term life insurance and whole life policies with coverage for death benefits, generating recurring premium revenue
2. Health and Accident Insurance: Individual and group accident & health insurance products including medical coverage, critical illness, and personal accident plans
3. Savings and Investment Products: Unit-linked savings and investment products including Super Saver, IWB (International Wealth Builder), and Indexa with investment fund management
4. Employee Benefits: Group insurance and employee benefit solutions for businesses including pension plans, group personal accident, and tailor-made corporate solutions
5. Group Credit Life Insurance: Credit insurance products for banks and financial institutions covering consumer loans, credit cards, and mortgage loans

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

MetLife Egypt provides life, health, accident, savings, and investment insurance products to individuals and families, alongside employee benefits and group credit life insurance solutions for businesses. The company distributes its products through bank partnerships, exclusive agents, brokers, direct sales, and digital self-service channels across Egypt.

Product overview

MetLife Egypt operates as a multi-product insurance and financial services company offering a comprehensive portfolio of individual and business insurance solutions. For individuals, the core offerings include Life Insurance (with term plans), Savings and Investments (Super Saver, IWB, Indexa), and Accident and Health Insurance (Olympic, Circles of Protection, Child Care, PAD, Critical Care, Extra Med, New Forever). For businesses, the company provides Employee Benefits (tailor-made solutions, SME packages, group personal accident plans, pension plans) and Group Credit Life insurance (consumer loan, credit card, mortgage loan insurance). Additional services include the myMetLife policy management portal, wellness programs, and unit-linked fund performance tracking. The product portfolio is structured to serve both individual customers seeking personal protection and businesses seeking employee benefits and credit protection solutions.

Differentiator

Problem solved

Functional benefit

Brands

• myMetLife: Online policy management portal allowing customers to manage policies, track health, and access wellness content
• MetLife eServices
• MetLife MyLife
• IWB
• Super Saver
• Indexa
• El Khomase (Olympic)
• Halakat ElHemaia (Circles Of Protection)
• Awladna (Child Care)
• PAD (Personal Accident Direct Issue)
• El Hemaia El Faekah (Critical Care)
• Extra Med
• New Forever (Annuity Certain)

Products and services

• Life Insurance

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Bank PartnerscoreChannel Partner/ Reseller/ DistributorMetLife Egypt has established bancassurance partnerships with banks in Egypt for distribution of insurance products including life, savings, and health insurance through bank branches.
• Medical Providers NetworkcoreOthersMetLife Egypt maintains a wide network of medical providers, hospitals, and clinics across Egypt to provide healthcare services to policyholders with cashless treatment options.
• Employers (Corporate Clients)coreChannel Partner/ Reseller/ DistributorCorporate employers partner with MetLife Egypt to provide employee benefits including health insurance, life insurance, and pension plans as part of their employee compensation packages.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Arab National Insurance (Egypt): Egyptian insurance carrier offering life and general insurance lines; comparable as a domestic multi-line competitor pursuing similar bank and broker channels.
• Suez Canal Insurance: Egyptian insurance company offering life and non-life products; comparable as a domestic multi-line competitor in retail and corporate insurance segments.
• GIG-Egypt (previously AIG Egypt): Multinational-affiliated insurer offering life and non-life coverage in Egypt; directly comparable as a foreign-affiliated competitor with similar bancassurance and broker channels.
• QNB Life Insurance Egypt: QNB Group's Egypt life insurance affiliate; directly comparable as a bank-affiliated life insurer leveraging bancassurance for individual and group protection products.
• Delta Insurance Egypt: Egyptian multi-line insurer active in life and P&C; comparable as a local competitor targeting similar retail and corporate customers through traditional distribution.
• Al Ahly Insurance: Egyptian insurer with ties to National Bank of Egypt; comparable as a local bancassurance-led competitor offering life and group insurance products to retail and corporate customers.
• Bupa Egypt: International health-insurance specialist operating in Egypt; comparable in the health, accident, and group medical benefits segments of MetLife Egypt's portfolio.
• AXA Egypt: AXA's Egyptian life and health insurance subsidiary; directly comparable as another multinational insurer offering life, health, and savings products to Egyptian individuals and corporates.
• Allianz Life Insurance Egypt: Allianz's Egypt life insurance operation; closely comparable in product mix (term life, unit-linked, group) and in relying on bancassurance and agent distribution.

Broad incumbents

• Misr Insurance: State-owned Egyptian insurance incumbent with dominant share across life and non-life; comparable as the largest local competitor with broad product and distribution reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/metlife-egypt

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MetLife Egypt