 |
| September 20, 2001 |
|
Mitsui Sumitomo
Insurance Group and Citigroup agree to establish
Life Insurance Joint Venture |
| |
| 1. |
Citigroup and CitiInsurance |
|
Citigroup (NYSE:C), the most global financial services company,
provides some 100 million consumers, corporations, governments and
institutions in 101 countries with a broad range of financial products
and services, including consumer banking and credit, corporate and
investment banking, insurance, securities brokerage and asset management.
The 1998 merger of Citicorp and TravelersGroup brought together such
brand names as Citibank, Travelers, Salomon Smith Barney, Commercial
Credit and Primerica under Citigroup's trademark red umbrella.
CitiInsurance, the international insurance member of Citigroup
aims to deliver a wide array of innovative insurance products and
services, primarily by leveraging the global reach of Citigroup's
unparalleled network of banking, lending and credit card distribution
channels and, where strategic. partnering with leading local financial
services to provide products for a wide spectrum of customers. Additional
information can be found at: http://www.citi.com.
|
|
|
|
|
| 2. |
Financials |
|
(As of December 2000)
In Millions of Dollars |
| Total Asset |
US$ 902,210 |
Net Income
(Insurance) |
US$ 13,519 |
| (US$ 2,652) |
| Employee |
230,000 |
|
| |
|
| 3. |
Citigroup in Japan |
|
|
| Bank |
Citibank Corporate Banking Unit
Citibank Consumer Banking Unit
Citibank Private Banking Unit |
| Credit Card |
Citicorp Diners Club Japan Ltd.
Citicorp Card Services Inc. |
| Securities |
Nikko Salomon Smith Barney Limited
Citicorp Securities (Japan) Ltd. |
| Asset Management |
Citigroup Asset Management
Cititrust and Banking Corporation |
| Consumer Finance |
CitiFinancial Corporation Japan |
|
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