METLIFE INC (MET) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that METLIFE INC surfaced in its latest filing.

• MetLife, Inc. could be compelled to undergo FDIC liquidation if it becomes insolvent or is in danger of defaulting on its obligations, potentially imposing greater losses on stockholders and unsecured creditors than under the Bankruptcy Code.
• Closed block assets established in connection with the MLIC demutualization may be insufficient to provide for guaranteed benefits of closed block policies.
• The MetLife Policyholder Trust holds shares of MetLife, Inc. common stock, giving the Board potential influence over stockholder votes.
• MetLife, Inc. maintains an unsecured revolving credit facility with MetLife Funding, Inc.; lenders under this facility may fail to fund their lending commitments due to insolvency, illiquidity, or other reasons.
• The company has issued Floating Rate Non-Cumulative Preferred Stock, Series A, and junior subordinated debt securities, the terms of which may prevent payment of dividends or interest on those instruments.
• The New York insurance regulator’s annual SCL for year-end asset adequacy testing may impose unforeseen assumptions or requirements that require the company to increase or release reserves.
• The company may be assessed charges in connection with a financial company liquidation.