Pros
Relatively stable employment. You have to be a real slug to get fired there. Reasonable salary and benefits for the Insurance and Financial Services Industry. Good HR processes for annual reviews and raises. A good place to work if you are an insurance person, not so great for IT pros.
Cons
Once you report to the Director and VP levels, the politics are over the top. Management in the IT space turned over way to quickly and chaotically to have any good long term planning. Slot machine management. Too many managers with insufficient technical knowledge making decisions they are not qualified to make. My management basicly ignored the advice of their subject matter experts and managed by CYA. Management doesn't like it when people tell them the facts of the situation they are in and it requires significant company wide effort over many years to resolve.