Bloomberg News

MetLife Expects to Hear From Fed on Capital Plan By March 31

February 15, 2012

Feb. 15 (Bloomberg) -- MetLife Inc., the insurer whose proposal for a dividend increase and share repurchases were rejected by the Federal Reserve last year, said it expects a response from the regulator by March 31 on the company’s latest capital plan.

Chief Executive Officer Steven Kandarian, who is exiting banking operations to reduce government oversight, disclosed the timetable in a conference call today held by the New York-based insurer.

--With assistance from Andrea Ludtke in New York. Editor: Dan Kraut

To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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