by John Darer CLU ChFC CSSC RSP
The following information may be helpful to annuitants with MetLife structured settlements, or those considering them.
On April 13, 2009 MetLife announced that it had elected NOT to participate in the US Treasury's Troubled Asset Relief Program (TARP).
In a May 7, 2009 press release concerning the Supervisory Capital Assessment Program, Met Life stated that it had been informed by the Federal Reserve that "it had completed the capital assessment process and that, based on its economic scenarios and methodology, MetLife has adequate capital to sustain a further deterioration in the economy,” said C. Robert Henrikson, chairman, president and chief executive officer of MetLife, Inc. “We are very pleased with this result, which we believe reinforces what we have been saying – MetLife is financially strong and well positioned for both the current environment and a potential further economic downturn.”
“MetLife has a strong excess capital position, ample liquidity and leading market positions in our ore group and individual insurance businesses, where our revenues continue to be healthy,” added Henrikson. “The company remains well positioned to continue meeting the needs of clients and has the capacity and financial strength to further solidify its leading position in the
industry.”
Click below to read the entire May 7, 2009 press release
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