A.M. Best Comments on Credit Ratings of MetLife, Inc. and Its Subsidiaries Following Announced Group Annuity Reserve Strengthening

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has commented that the Credit Ratings (ratings) of MetLife, Inc. (MetLife) (headquartered in New York, NY) [NYSE:MET] and its insurance subsidiaries remain unchanged following the announcement that it will increase group annuity reserves between $525 million and $575 million on a pre-tax basis for unrecorded pension liabilities as part of its pension risk transfer (PRT) business. Although the full-year 2017 net income impact is expected to be between $1