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METLIFE ORIGINATES $3 BILLION IN AGRICULTURAL LOANS IN 2012

Company Expands Agricultural Lending Platform in Brazil

NEW YORK - March 14, 2013 – MetLife, Inc. (NYSE: MET) announced today that it originated,through its agricultural investments department, $3.0 billion in agricultural loans in 2012, an increase of more than seven percent over 2011. With an agricultural mortgage loan portfolio of approximately $13 billion at year end 2012, MetLife remains a leading lender to agriculture.

“MetLife added to its portfolio of high quality agricultural mortgages in 2012 and strengthened its position as a leader in the agricultural lending industry,” said Robert Merck, global head of agricultural investments for MetLife. “Our success demonstrates our expertise in providing our customers with a reliable and trusted source of financing for the long-term growth of their business.”

Agricultural mortgages provide MetLife with investment opportunities that match the long-term liabilities the company writes through its insurance products.

In 2011, the company originated $2.8 billion in agricultural loans.

Consistent with the company’s global strategy to grow its business in emerging markets, MetLife expanded its agricultural lending platform in Brazil, Latin America’s largest economy, offering five- and 10-year agricultural mortgages in U.S. dollars. In 2012, MetLife originated $300 million in agricultural loans to Brazilian producers of cotton, grains and oil seeds, among other crops.

“We bring the same commitment to prudent risk management and a long-term approach to our international opportunities as we do to our domestic ones, and we have succeeded in growing both in 2012,” said Dan O’Neill, managing director and head of MetLife’s agricultural portfolio unit. “We will continue in 2013 to identify superior agricultural lending opportunities in the US and internationally, with a particular focus on emerging markets.”

Highlights of MetLife’s domestic and international transactions for 2012 include:

GF Group

  • $85.0 million first mortgage, 10 year fixed rate
  • Secured by agricultural real estate located in the states of Bahia and Piauí, Brazil
  • GF Group is one of the largest Brazilian agricultural commodity producers in Northeast Brazil. The largest portion of their cropland is dedicated to soybeans, with the remaining portions planted in cotton and corn

Forestar Group Inc.

  • $85.0 million senior secured, variable rate with a 5 year term
  • Secured by timberland in Georgia, Alabama, Texasand other company assets
  • Forestar Group Inc (NYSE: FOR) is a publicly traded real estate and natural resources company headquartered in Austin, Texas

NORPAC Foods, Inc.

  • $28.3 million firstmortgage, 12 year fixed rate
  • Secured by processing and cold storage facilities in Oregon and Washington
  • NORPAC Foods, Inc. is a processor and marketer of high quality branded and private-label canned and frozen food products

American Cold Storage-North America, L.P.

  • $7.5 million first mortgage, variable rate with a 10 year term and a $2.5 million first mortgage revolving line of credit with a 5 year term
  • Secured by warehouse/distribution facilities located in Indiana, Kentucky and Tennessee
  • American Cold Storage operates public refrigerated storage warehouses and offers services in the areas of handling, storage and processing/freezing

“We think 2013 will offer substantial opportunities for agricultural mortgage lending.Our 96-year track record of investing in the agricultural sector and our commitment to superior customer service will help drive our success this year and beyond,” added Merck.

Through its agricultural investments department, MetLife oversees an agricultural portfolio of approximately $13 billion, which consists of farm and ranch, food and agribusiness and timberland mortgages. MetLife has provided agricultural financing solutions since 1917 and is one of the largest agricultural mortgage lenders in North America. MetLife has agricultural investments offices in Fresno, CA, Overland Park, KS, West Des Moines, IA, Bloomington, IL, and São Paulo, Brazil as well as its Timberland Finance Group, located in Memphis, TN.

MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit metlife.com.

This press release may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, trends in operations and financial results.

Any or all forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining the actual future results of MetLife, Inc., its subsidiaries and affiliates. These statements are based on current expectations and the current economic environment. They involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance. Actual results could differ materially from those expressed or implied in the forward-looking statements. Risks, uncertainties, and other factors that might cause such differences include the risks, uncertainties and other factors identified in MetLife, Inc.’s filings with the U.S. Securities and Exchange Commission (the “SEC”). These factors include: (1) difficult conditions in the global capital markets; (2) increased volatility and disruption of the capital and credit markets, which may affect our ability to meet liquidity needs and access capital, including through our credit facilities, generate fee income and market-related revenue and finance statutory reserve requirements and may require us to pledge collateral or make payments related to declines in value of specified assets; (3) exposure to financial and capital market risk, including as a result of the disruption in Europe and possible withdrawal of one or more countries from the Euro zone; (4) impact of comprehensive financial services regulation reform on us, as a potential non-bank systemically important financial institution, or otherwise; (5) numerous rulemaking initiatives required or permitted by the Dodd-Frank Wall Street Reform and Consumer Protection Act which may impact how we conduct our business, including those compelling the liquidation of certain financial institutions; (6) regulatory, legislative or tax changes relating to our insurance, international, or other operations that may affect the cost of, or demand for, our products or services, or increase the cost or administrative burdens of providing benefits to employees; (7) adverse results or other consequences from litigation, arbitration or regulatory investigations; (8) potential liquidity and other risks resulting from our participation in a securities lending program and other transactions; (9) investment losses and defaults, and changes to investment valuations; (10) changes in assumptions related to investment valuations, deferred policy acquisition costs, deferred sales inducements, value of business acquired or goodwill; (11) impairments of goodwill and realized losses or market value impairments to illiquid assets; (12) defaults on our mortgage loans; (13) the defaults or deteriorating credit of other financial institutions that could adversely affect us; (14) economic, political, legal, currency and other risks relating to our international operations, including with respect to fluctuations of exchange rates; (15) downgrades in our claims paying ability, financial strength or credit ratings; (16) a deterioration in the experience of the “closed block” established in connection with the reorganization of Metropolitan Life Insurance Company; (17) availability and effectiveness of reinsurance or indemnification arrangements, as well as any default or failure of counterparties to perform; (18) differences between actual claims experience and underwriting and reserving assumptions; (19) ineffectiveness of risk management policies and procedures; (20) catastrophe losses; (21) increasing cost and limited market capacity for statutory life insurance reserve financings; (22) heightened competition, including with respect to pricing, entry of new competitors, consolidation of distributors, the development of new products by new and existing competitors, and for personnel; (23) exposure to losses related to variable annuity guarantee benefits, including from significant and sustained downturns or extreme volatility in equity markets, reduced interest rates, unanticipated policyholder behavior, mortality or longevity, and the adjustment for nonperformance risk; (24) our ability to address unforeseen liabilities, asset impairments, or rating actions arising from acquisitions or dispositions, including our acquisition of American Life Insurance Company and Delaware American Life Insurance Company (collectively, “ALICO”) and to successfully integrate and manage the growth of acquired businesses with minimal disruption; (25) uncertainty with respect to the outcome of the closing agreement entered into with the United States Internal Revenue Service in connection with the acquisition of ALICO; (26) the dilutive impact on our stockholders resulting from the settlement of our outstanding common equity units; (27) regulatory and other restrictions affecting MetLife, Inc.’s ability to pay dividends and repurchase common stock; (28) MetLife, Inc.’s primary reliance, as a holding company, on dividends from its subsidiaries to meet debt payment obligations and the applicable regulatory restrictions on the ability of the subsidiaries to pay such dividends; (29) the possibility that MetLife, Inc.’s Board of Directors may control the outcome of stockholder votes through the voting provisions of the MetLife Policyholder Trust; (30) changes in accounting standards, practices and/or policies; (31) increased expenses relating to pension and postretirement benefit plans, as well as health care and other employee benefits; (32) inability to protect our intellectual property rights or claims of infringement of the intellectual property rights of others; (33) inability to attract and retain sales representatives; (34) provisions of laws and our incorporation documents may delay, deter or prevent takeovers and corporate combinations involving MetLife; (35) the effects of business disruption or economic contraction due to disasters such as terrorist attacks, cyberattacks, other hostilities, or natural catastrophes, including any related impact on the value of our investment portfolio, our disaster recovery systems, cyber- or other information security systems and management continuity planning; (36) the effectiveness of our programs and practices in avoiding giving our associates incentives to take excessive risks; and (37) other risks and uncertainties described from time to time in MetLife, Inc.’s filings with the SEC.

MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if MetLife, Inc. later becomes aware that such statement is not likely to be achieved. Please consult any further disclosures MetLife, Inc. makes on related subjects in reports to the SEC.

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