This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

A.M. Best Affirms Ratings Of MetLife, Inc. And Its Subsidiaries

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of the primary life/health insurance subsidiaries of MetLife, Inc. (MetLife) (New York, NY) [NYSE: MET]. Concurrently, A.M. Best has affirmed the ICR of “a-” as well as all debt ratings of MetLife. Additionally, A.M. Best has assigned debt ratings to the recently filed shelf registration. A.M. Best also has affirmed the FSR of A (Excellent) and ICRs of “a+” of the property/casualty companies consisting of Metropolitan Property and Casualty Insurance Company (Warwick, RI) and its eight reinsured subsidiaries. The outlook for all ratings is stable. (See link below for a detailed listing of the companies and ratings.)

The rating affirmations reflect MetLife’s diverse business mix, prominent market position and global brand recognition in several business lines, favorable operating results and significant operating scale. MetLife continues to report solid operating earnings while maintaining adequate risk-adjusted capital. Despite net derivative losses for the first nine months of 2013, mainly driven by increases in interest rates and changes in foreign currencies, earnings remain strong due to recent de-risking strategies and increased earnings share from international markets. A.M. Best will continue to monitor the impact of the current macroeconomic environment including interest rate movements on MetLife’s insurance operation’s earnings and risk-adjusted capital.

Through its broad and diversified distribution channels, MetLife has the scale and distribution capabilities necessary to maintain its leadership positions in a number of product lines. Moreover, A.M. Best recognizes the strong diversity of earnings and revenue generated by the organization’s expanded international presence. In addition, MetLife’s ratings reflect continued improvement in its financial leverage and interest coverage ratios. MetLife maintains a very strong liquidity position at the holding company level, despite recent international acquisitions, including AFP Provida S.A., a leading Chilean pension fund administrator. Additionally, with MetLife taking full advantage of the current low interest rate environment, it has recently issued senior debt securities at very favorable rates, and it expects to use the proceeds for general corporate purposes, which may include the repayment of outstanding senior debt maturing in 2014.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs