News Column

METLIFE ANNOUNCES SHARE REPURCHASE

June 12, 2014



ENP Newswire - 12 June 2014

Release date- 10062014 - MetLife, Inc. (NYSE:MET) today announced that it will resume share repurchases and intends to repurchase up to $1 billion in MetLife, Inc. common stock.

The company will utilize existing authorizations from the board of directors to repurchase MetLife, Inc. common stock. The last time MetLife repurchased shares was 2008.

Commenting on the announcement, Chairman, President and Chief Executive Officer Steven A. Kandarian said:

'Our philosophy is that excess capital belongs to our shareholders. The challenge is to strike the right balance between adherence to our philosophy and recognition that MetLife's required capital levels remain unknown if we are designated a non-bank systemically important financial institution, or SIFI, under the Dodd-Frank Act.

'We anticipated that the non-bank SIFI capital rules would be known by now, but recent statements by the Federal Reserve suggest that we may not see draft rules until 2015. Meanwhile, our capital continues to grow, and later this year we will raise $1 billion as the last tranche of equity units issued to fund the Alico purchase converts to common shares.'

About MetLife

MetLife, Inc., through its subsidiaries and affiliates ('MetLife'), is a leading global provider of insurance, annuities and employee benefit programs. MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.


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Source: ENP Newswire


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