MetLife Board of Directors Provides New $1 Billion Stock Repurchase Authorization;...

MetLife Board of Directors Provides New $1 Billion Stock Repurchase Authorization; Declares Date for 2008 Annual Shareholders Meeting

NEW YORK--(Business Wire)--MetLife, Inc. (NYSE: MET) announced today that its board of
directors has authorized an additional $1 billion in common stock
repurchases. The company can repurchase stock under this authorization
after the completion of an earlier $1 billion authorization that was
announced on September 25, 2007 and of which approximately $61 million
currently remains.

Common stock repurchases may be made through purchases from the
MetLife Policyholder Trust, in the open market and through privately
negotiated transactions. The timing of open market and privately
negotiated purchases will be dependent upon market conditions and
other corporate considerations. The common stock repurchase program
may be modified, extended or terminated by the board of directors at
any time.

The board of directors also announced today that the company will
hold its 2008 annual shareholders meeting on Tuesday, April 22, 2008.
The board of directors established February 28, 2008 as the record
date for determining shareholders entitled to vote at the meeting,
which will begin at 10:30 a.m. (ET) and take place in New York City.

MetLife, Inc. is a leading provider of insurance and financial
services with operations throughout the United States and the Latin
America, Europe and Asia Pacific regions. Through its domestic and
international subsidiaries and affiliates, MetLife, Inc. reaches more
than 70 million customers around the world and MetLife is the largest
life insurer in the United States (based on life insurance in-force).
The MetLife companies offer life insurance, annuities, auto and home
insurance, retail banking and other financial services to individuals,
as well as group insurance, reinsurance and retirement & savings
products and services to corporations and other institutions. For more
information, please visit www.metlife.com.

This release contains statements which constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements relating to trends in the
operations and financial results and the business and the products of
the company and its subsidiaries, as well as other statements
including words such as "anticipate," "believe," "plan," "estimate,"
"expect," "intend" and other similar expressions. Forward-looking
statements are made based upon management's current expectations and
beliefs concerning future developments and their potential effects on
the company. Such forward-looking statements are not guarantees of
future performance.

Actual results may differ materially from those included in the
forward-looking statements as a result of risks and uncertainties
including, but not limited to, the following: (i) changes in general
economic conditions, including the performance of financial markets
and interest rates; (ii) heightened competition, including with
respect to pricing, entry of new competitors, the development of new
products by new and existing competitors and for personnel; (iii)
investment losses and defaults; (iv) unanticipated changes in industry
trends; (v) catastrophe losses; (vi) ineffectiveness of risk
management policies and procedures; (vii) changes in accounting
standards, practices and/or policies; (viii) changes in assumptions
related to deferred policy acquisition costs, value of business
acquired or goodwill; (ix) discrepancies between actual claims
experience and assumptions used in setting prices for the company's
products and establishing the liabilities for the company's
obligations for future policy benefits and claims; (x) discrepancies
between actual experience and assumptions used in establishing
liabilities related to other contingencies or obligations; (xi)
adverse results or other consequences from litigation, arbitration or
regulatory investigations; (xii) downgrades in the company's and its
affiliates' claims paying ability, financial strength or credit
ratings; (xiii) regulatory, legislative or tax changes that may affect
the cost of, or demand for, the company's products or services; (xiv)
MetLife, Inc.'s primary reliance, as a holding company, on dividends
from its subsidiaries to meet debt payment obligations and the
applicable regulatory restrictions on the ability of the subsidiaries
to pay such dividends; (xv) deterioration in the experience of the
"closed block" established in connection with the reorganization of
Metropolitan Life Insurance Company; (xvi) economic, political,
currency and other risks relating to the company's international
operations; (xvii) the effects of business disruption or economic
contraction due to terrorism or other hostilities; (xviii) the
company's ability to identify and consummate on successful terms any
future acquisitions, and to successfully integrate acquired businesses
with minimal disruption; and (xix) other risks and uncertainties
described from time to time in MetLife, Inc.'s filings with the U.S.
Securities and Exchange Commission. The company specifically disclaims
any obligation to update or revise any forward-looking statement,
whether as a result of new information, future developments or
otherwise.

MetLife, Inc.
For Media:
John Calagna, 212-578-6252
or
For Investors:
Conor Murphy, 212-578-7788

Copyright Business Wire 2008