MetLife, Inc. announced today that its life insurance subsidiary,
Metropolitan Life Insurance Company, approved an aggregate payment amount of
approximately $1.5 billion in policy dividend payments to eligible life
insurance policyholders for 2010.
The company says the dividend payout not only reflects MetLife`s financial strength and stability, but also its commitment to its policyholders today and for the future
MetLife, Inc. announced today a definitive agreement to acquire one of American International Group, Inc.'s international subsidiaries, American Life Insurance Company, for approximately $15.5 billion. The consideration will consist of $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities, subject to closing adjustments.
And more cash comes in to help out the U.S. taxpayer.
MetLife said it had a third-quarter net loss of $620 million, or 79 cents a share, compared with net income of $630 million, or 83 cents, in the year-earlier period. Premiums and other revenue at the MetLife business that sells coverage to companies, including retirement plans and employee benefits, slipped about 8 percent to $4.2 billion, while the unit’s operating earnings dropped 21 percent to $311 million on lower investment income.
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