METLIFE STATEMENT ON PASSAGE OF INSURANCE CAPITAL STANDARDS CLARIFICATION ACT
New York, December 10, 2014
MetLife, Inc. (NYSE: MET) Chairman, President and Chief Executive Officer Steven A. Kandarian issued the following statement today regarding passage of the Insurance Capital Standards Clarification Act of 2014:
“Congress deserves tremendous credit for passing legislation with broad bipartisan support that will give the Federal Reserve the flexibility to tailor bank-centric capital rules for the life insurance business. The Fed now has the opportunity to write rules that will preserve competition and ensure affordable access to financial security.”
MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.