METLIFE COMPLETES MERGER OF TWO SUBSIDIARIES
NEW YORK, April 30, 2018
MetLife, Inc. (NYSE: MET) today announced that it has completed the merger of its subsidiary, General American Life Insurance Company, with and into another subsidiary, Metropolitan Tower Life Insurance Company. The surviving entity, Metropolitan Tower Life Insurance Company, is domiciled in Nebraska. All necessary regulatory approvals have been received for the merger.
In January 2018, MetLife announced it would merge these subsidiaries to simplify and streamline its corporate and operational structure, promoting the company’s efforts to remain competitive, flexible and in the best position to meet customer needs. The decision resulted from a review of the entities out of which MetLife does business following the decision to separate a substantial portion of its U.S. Retail segment.
All existing policy, contract, certificate or retained asset account terms, conditions or benefits remain unchanged as a result of the merger.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 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.