MetLife, Inc. (NYSE: MET) has announced that four of its life insurance subsidiaries (Metropolitan Life Insurance Company, MetLife Investors USA Insurance Company, New England Life Insurance Company, and General American Life Insurance Company), approved an aggregate payment amount of approximately $1.36 billion in policy dividend payments to eligible life insurance policyholders for 2012.
“Despite the uncertainty in the financial markets, MetLife’s long-standing disciplined practices continue to create benefits that we can pass on to our eligible policyholders. This significant dividend pay-out reinforces our commitment to providing policyholders with value,” said Gene Lunman, senior vice president, MetLife. “MetLife continues to focus on bringing competitive life insurance products to market and managing its business for the long-term performance, as demonstrated by the company’s financial strength and stability.”
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. Eligible life insurance policyholders include MetLife clients with certain in-force permanent life insurance policies, primarily whole life, and certain term life insurance policies.
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 www.metlife.com.