Exhibit 99.1
Contacts:
|
For Media: | John Calagna | ||
| (212) 578-6252 | ||||
| For Investors: | John McCallion | |||
| (212) 578-7888 |
METLIFE DECLARES FOURTH QUARTER 2011 PREFERRED STOCK DIVIDENDS
NEW YORK, November 15, 2011 — MetLife, Inc. (NYSE: MET) announced today that it has declared
fourth quarter 2011 dividends of $0.2527777 per share on the company’s floating rate
non-cumulative preferred stock, Series A (NYSE: METPrA), and $0.4062500 per share on the company’s
6.50% non-cumulative preferred stock, Series B (NYSE: METPrB). Both dividends are payable December
15, 2011 to shareholders of record as of November 30, 2011.
MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs,
serving 90 million customers in over 50 countries. Through its subsidiaries and affiliates,
MetLife holds leading market positions in the United States, Japan, Latin America, Asia Pacific,
Europe and the Middle East. 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 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) concerns over U.S. fiscal policy and the
trajectory of the national debt of the U.S., as well as rating agency downgrades of U.S. Treasury
securities; (3) increased volatility and disruption of the capital and credit markets, which may
affect our ability to seek financing or access our credit facilities; (4) uncertainty about the
effectiveness of the U.S. government’s programs to stabilize the financial system, the imposition
of fees relating thereto, or the
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promulgation of additional regulations; (5) impact of comprehensive financial services regulation
reform on us; (6) exposure to financial and capital market risk; (7) changes in general economic
conditions, including the performance of financial markets and interest rates, which may affect our
ability to raise capital, 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; (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) impairments of goodwill and realized losses or
market value impairments to illiquid assets; (11) defaults on our mortgage loans; (12) the
impairment of other financial institutions that could adversely affect our investments or business;
(13) our ability to address unforeseen liabilities, asset impairments, loss of key contractual
relationships, 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; (14) 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; (15) the dilutive impact on our stockholders resulting from the issuance of equity
securities in connection with the acquisition of ALICO or otherwise; (16) economic, political,
currency and other risks relating to our international operations, including with respect to
fluctuations of exchange rates; (17) our primary reliance, as a holding company, on dividends from
our subsidiaries to meet debt payment obligations and the applicable regulatory restrictions on the
ability of the subsidiaries to pay such dividends; (18) downgrades in our claims paying ability,
financial strength or credit ratings; (19) ineffectiveness of risk management policies and
procedures; (20) availability and effectiveness of reinsurance or indemnification arrangements, as
well as default or failure of counterparties to perform; (21) discrepancies between actual claims
experience and assumptions used in setting prices for our products and establishing the liabilities
for our obligations for future policy benefits and claims; (22) catastrophe losses; (23) heightened
competition, including with respect to pricing, entry of new competitors, consolidation of
distributors, the development of new products by new and existing competitors, distribution of
amounts available under U.S. government programs, and for personnel; (24) unanticipated changes in
industry trends; (25) changes in accounting standards, practices and/or policies; (26) changes in
assumptions related to deferred policy acquisition costs, deferred sales inducements, value of
business acquired or goodwill; (27) increased expenses relating to pension and postretirement
benefit plans, as well as health care and other employee benefits; (28) 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; (29) deterioration in the
experience of the “closed block” established in connection with the reorganization of Metropolitan
Life Insurance Company; (30) adverse results or other consequences from litigation, arbitration or
regulatory investigations; (31) inability to protect our intellectual property rights or claims of
infringement of the intellectual property rights of others; (32) discrepancies between actual
experience and assumptions used in establishing liabilities related to other contingencies or
obligations; (33) regulatory, legislative or tax changes relating to our insurance, banking,
international, or other operations that may affect the cost of, or demand for, our products or
services, impair our ability to attract and retain talented and experienced management and other
employees, or increase the cost or administrative burdens of providing benefits to employees; (34)
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
our disaster recovery systems, cyber-or other information security systems and management
continuity planning; (35) the effectiveness of our programs and practices in avoiding giving our
associates incentives to take excessive risks; and (36) 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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