Attached files
file | filename |
---|---|
8-K - FORM 8-K - METLIFE INC | y82087e8vk.htm |
EX-99.2 - EX-99.2 - METLIFE INC | y82087exv99w2.htm |
EX-10.1 - EX-10.1 - METLIFE INC | y82087exv10w1.htm |
Exhibit 99.1
Contacts: |
For Media: | John Calagna | ||
(212) 578-6252 | ||||
For Investors: | Conor Murphy | |||
(212) 578-7788 |
METLIFE ANNOUNCES FIRST QUARTER 2010 PREFERRED STOCK
DIVIDEND ACTIONS, SUBJECT TO FINAL CONFIRMATION
DIVIDEND ACTIONS, SUBJECT TO FINAL CONFIRMATION
NEW YORK, February 18, 2010 MetLife, Inc. (NYSE: MET) announced today that it has declared first
quarter 2010 dividends of $0.2500000 per share on the companys floating rate
non-cumulative preferred stock, Series A (NYSE: METPrA), and $0.4062500 per share on the
companys 6.50% non-cumulative preferred stock, Series B (NYSE: METPrB), subject to the final
confirmation that it has met the financial tests specified in the Series A and Series B preferred
stock, which the company anticipates will be made on or about March 5, 2010, the earliest date
permitted in accordance with the terms of the securities. Both dividends will be payable March 15,
2010 to shareholders of record as of February 28, 2010.
MetLife, Inc. is 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.
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 MetLifes actual future results. 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 (SEC). These factors include: (i) difficult and adverse conditions in the global and
domestic capital and credit markets; (ii) continued volatility and further deterioration of the
capital and credit markets, which may affect MetLifes ability to seek financing or access its
credit facilities; (iii) uncertainty about the effectiveness of the U.S. governments plan to
stabilize the financial system by injecting capital into financial institutions, purchasing large
amounts of illiquid, mortgage-backed and other securities from financial institutions, or
otherwise; (iv) the impairment of other financial institutions; (v) potential liquidity and other
risks resulting from MetLifes participation in a securities lending program and other
transactions; (vi) exposure to financial and capital market risk; (vii) changes in general economic
conditions, including the performance of financial markets and interest rates, which may affect
MetLifes ability to raise capital, generate fee income and market-related revenue and finance
statutory reserve requirements and may require MetLife to pledge collateral or make payments
related to declines in value of specified assets; (viii) defaults on MetLifes mortgage and
consumer loans; (ix) investment losses and defaults, and changes to investment valuations; (x)
impairments of goodwill and realized losses or market value impairments to illiquid assets; (xi)
unanticipated changes in industry trends; (xii) 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; (xiii) discrepancies between actual claims
experience and assumptions used in setting prices for MetLifes products and establishing the
liabilities for MetLifes obligations for future policy benefits and claims; (xiv) discrepancies
between actual experience and assumptions used in establishing liabilities related to other
contingencies or obligations; (xv) ineffectiveness of risk management policies and procedures,
including with respect to guaranteed benefit riders (which may be affected by fair value
adjustments arising from changes in MetLifes own credit spread) on certain of MetLifes variable
annuity products; (xvi) increased expenses relating to pension and post-retirement benefit plans;
(xvii) catastrophe losses; (xviii) changes in assumptions related to deferred policy acquisition
costs, value of business acquired or goodwill; (xix) downgrades in MetLife, Inc.s and its
affiliates claims paying ability, financial strength or credit ratings; (xx) economic, political,
currency and other risks relating to MetLifes international operations; (xxi) availability and
effectiveness of reinsurance or indemnification arrangements; (xxii) regulatory, legislative or tax
changes that may affect the cost of, or demand for, MetLifes products or services; (xxiii) changes
in accounting standards, practices and/or policies; (xxiv) adverse results or other consequences
from litigation, arbitration or regulatory investigations; (xxv) deterioration in the experience of
the closed block established in connection with the reorganization of Metropolitan Life Insurance
Company; (xxvi) the effects
of business disruption or economic contraction due to terrorism, other hostilities, or natural catastrophes; (xxvii)
MetLifes ability to identify and consummate on successful terms any future acquisitions, and to
successfully integrate acquired businesses with minimal disruption; (xxviii) 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; and (xxix) 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.
# # #