UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): September 4, 2014
METLIFE, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware | 1-15787 | 13-4075851 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
200 Park Avenue, New York, New York | 10166-0188 | |
(Address of Principal Executive Offices) | (Zip Code) |
212-578-2211
(Registrants Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c)) |
Item 7.01 Regulation FD Disclosure.
On September 4, 2014, MetLife, Inc. (the Company) issued a news release that included its statement after the Financial Stability Oversight Council (FSOC) notified the Company that it has been preliminarily designated a non-bank Systemically Important Financial Institution (SIFI). The news release is furnished and not filed pursuant to Instruction B.2 of Form 8-K.
On September 4, 2014, the FSOC notified the Company that it has been preliminarily designated a non-bank SIFI.
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits.
99.1 | News release of MetLife, Inc., dated September 4, 2014, including the Companys statement after the FSOC notified the Company that it has been preliminarily designated a non-bank SIFI. |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
METLIFE, INC. | ||
By: |
/s/ Timothy J. Ring | |
Name: Timothy J. Ring | ||
Title: Vice President and Secretary |
Date: September 8, 2014
EXHIBIT | ||
NUMBER |
EXHIBIT | |
99.1 | News release of MetLife, Inc., dated September 4, 2014, including the Companys statement after the FSOC notified the Company that it has been preliminarily designated a non-bank SIFI. |
Exhibit 99.1
Contacts: | For Media: | Randolph Clerihue | ||
(212) 578-5061 | ||||
For Investors: | Edward Spehar | |||
(212) 578-7888 |
METLIFE STATEMENT ON PRELIMINARY SIFI DESIGNATION
NEW YORK, Sept. 4, 2014 MetLife, Inc. (NYSE: MET) Chairman, President and Chief Executive Officer Steven A. Kandarian issued the following statement today after the Financial Stability Oversight Council (FSOC) notified the company that it has been preliminarily designated a non-bank Systemically Important Financial Institution (SIFI):
MetLife strongly disagrees with the Financial Stability Oversight Councils preliminary designation of MetLife as a SIFI.
MetLife is not systemically important under the Dodd-Frank Act criteria. In fact, MetLife has served as a source of financial strength and stability during times of economic distress, including the 2008 financial crisis.
The current regulatory system oversees a stable industry that pays out more than $500 billion every year. Imposing bank-centric capital rules on life insurance companies will make it more difficult for Americans to buy products that help protect their financial futures. At a time when government social safety nets are under increasing pressure and corporate pensions are disappearing, the goal of public policy should be to preserve and encourage competitively priced financial protection for consumers.
MetLife is not ruling out any of the available remedies under Dodd-Frank to contest a SIFI designation.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (MetLife), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
1
This news 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 most recent Annual Report on Form 10-K (the Annual Report) filed with the U.S. Securities and Exchange Commission (the SEC), Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the SEC after the date of the Annual Report under the captions Note Regarding Forward-Looking Statements and Risk Factors, and other filings MetLife, Inc. makes 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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