Metlife Mexico, the Mexican unit of US-based insurance group MetLife, was created in 1992. It is the country's largest life insurance company, offering life insurance and retirement savings products, medical expense insurance, and investment products to groups and individuals in the private market. The company was formerly known as Seguros Genesis and changed its name to Metlife Mexico in March 2003. Metlife Mexico is based in Mexico City, Mexico. The group has 30% of the local life market.