Thursday, 8 June 2017

MetLife U.S. Retail Business to Rebrand as Brighthouse Financial

NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE:MET) ("MetLife" or the "Company") today announced

that it will rebrand its U.S. Retail business as Brighthouse Financial

after it is separated from the Company. In January, MetLife announced it

was planning to separate a substantial portion of its U.S. Retail

business. It continues to evaluate options regarding the structure and

timing of the separation.

"This marks an important step in MetLife's efforts to separate our U.S.

Retail business," said Steven A. Kandarian, MetLife chairman, president

and CEO. "As a separate entity, Brighthouse will benefit from greater

focus and more flexibility in products and operations.

"At the same time, this separation will also bring significant benefits

to MetLife as we focus even more intently on our group business in the

U.S., where we have long been the market leader, as well as on our

international operations. Our goal is to complete the separation process

with both the separated business and MetLife well-positioned for success

in the years to come."

Brighthouse Financial will be led by current MetLife Executive Vice

President Eric Steigerwalt.

"Our optimistic outlook on what we will create for people's financial

futures, coupled with our guiding principles of simplicity and

transparency, are captured in our name, Brighthouse," Steigerwalt said.

No shareholder approval is expected to be necessary. The MetLife Board

of Directors would have to approve any separation transaction; certain

insurance and other regulatory approvals would also be necessary. The

transaction would also need to comply with any U.S. Securities and
Exchange Commission (SEC) requirements. No assurance can be given

regarding the form that a separation transaction may take or the

specific terms thereof, or that a separation will in fact occur.

This news release is not an offer to sell, or a solicitation of an offer

to buy, any securities.

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

Forward-Looking Statements

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, or are tied to

future periods, 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 operatio ns 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 guaran tees 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 herein

(including that no assurance can be given regarding the form that a

separation transaction may take or the specific terms thereof or that a

separation will in fact occur) and 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 f ilings 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


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