METLIFE TO PAY ELIGIBLE LIFE INSURANCE POLICYHOLDERS $1.6 BILLION IN POLICY DIVIDENDS
NEW YORK, February 25, 2009
MetLife, Inc. (NYSE: MET) announced today that its life insurance subsidiary approved the payment of an aggregate amount of approximately $1.6 billion in policy dividend payments to eligible life insurance policyholders for 2009.
“This dividend payout not only reflects MetLife’s strength and stability, but also our commitment to our policyholders,” said Lisa Weber, president, Individual Business. “Despite facing unprecedented market volatility, our disciplined practices allow us to focus on the long-term and to continue serving our policyholders by consistently being able to offer dividend payouts.”
Eligible life insurance policyholders include MetLife clients with certain in-force permanent life insurance policies, primarily whole life, and certain term life insurance policies.
Life insurance policy dividends are based on the performance of participating policies, including investment returns, mortality, persistency and expenses, among other factors, and are therefore not guaranteed.
MetLife is a subsidiary of MetLife, Inc. (NYSE: MET), a leading provider of insurance, employee benefits and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. Through its subsidiaries and affiliates, MetLife, Inc. reaches more than 70 million customers around the world and MetLife is the largest life insurer in the United States (based on life insurance in-force). The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance and retirement & savings products and services to corporations and other institutions. For more information, visit www.metlife.com.