MetLife 2009 Annual Report Download - page 214
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The operations of RGA included direct policies and reinsurance agreements with MetLife and some of its subsidiaries. These agreements
are generally terminable by either party upon 90 days written notice with respect to future new business. Agreements related to existing
business generally are not terminable, unless the underlying policies terminate or are recaptured. These direct policies and reinsurance
agreements do not constitute significant continuing involvement by the Company with RGA. Included in continuing operations in the
Company’s consolidated statements of operations are amounts related to these transactions, including ceded amounts that reduced
premiums and fees by $158 million and $251 million and ceded amounts that reduced policyholder benefits and claims by $136 million and
$290 million for the years ended December 31, 2008 and 2007, respectively, that have not been eliminated as these transactions have
continued after the RGA disposition.
24. Subsequent Events
The Company evaluated the recognition and disclosure of subsequent events for its December 31, 2009 consolidated financial
statements.
On February 18, 2010, the Holding Company’s Board of Directors announced dividends of $0.2500000 per share, for a total of $6 million,
on its Series A preferred shares, and $0.4062500 per share, for a total of $24 million, on its Series B preferred shares, subject to the final
confirmation that it has met the financial tests specified in the Series A and Series B preferred shares, which the Company anticipates will be
made on or about March 5, 2010, the earliest date permitted in accordance with the terms of the securities. Both dividends will be payable
March 15, 2010 to shareholders of record as of February 28, 2010.
F-130 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)