METLIFE TO PAY ELIGIBLE LIFE INSURANCE POLICYHOLDERS $1.5 BILLION IN POLICY DIVIDENDS
NEW YORK, March 16, 2010 – MetLife, Inc. (NYSE: MET) announced today that its life insurance subsidiary, Metropolitan Life Insurance Company, approved an aggregate payment amount of approximately $1.5 billion in policy dividend payments to eligible life insurance policyholders for 2010.
“This dividend payout not only reflects MetLife’s financial strength and stability, but also our commitment to our policyholders, today and for the future,” said Todd Katz, executive vice president of MetLife U.S. Business. “This dividend payout demonstrates that our disciplined practices and focus on the long-term continue to serve our policyholders well.”
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.