METLIFE ORIGINATES $ BILLION IN AGRICULTURAL LOANS IN 0

Company Expands Agricultural Lending Platform in Brazil NEW YORK - March 14, 2013 - MetLife, Inc. (NYSE: MET) announced today that it originated,through its agricultural investments department, $3.0 billion in agricultural loans in 2012, an increase of more than seven percent over 2011. With an agricultural mortgage loan portfolio of approximately $13 billion at year end 2012, MetLife remains a leading lender to agriculture.

MetLife added to its portfolio of high quality agricultural mortgages in 2012 and strengthened its position as a leader in the agricultural lending industry, said Robert Merck, global head of agricultural investments for MetLife. Our success demonstrates our expertise in providing our customers with a reliable and trusted source of financing for the long-term growth of their business.

Agricultural mortgages provide MetLife with investment opportunities that match the long-term liabilities the company writes through its insurance products.

In 2011, the company originated $2.8 billion in agricultural loans.

Consistent with the company's global strategy to grow its business in emerging markets, MetLife expanded its agricultural lending platform in Brazil, Latin America's largest economy, offering five- and 10-year agricultural mortgages in U.S. dollars. In 2012, MetLife originated $300 million in agricultural loans to Brazilian producers of cotton, grains and oil seeds, among other crops.

We bring the same commitment to prudent risk management and a long-term approach to our international opportunities as we do to our domestic ones, and we have succeeded in growing both in 2012, said Dan O'Neill, managing director and head of MetLife's agricultural portfolio unit. We will continue in 2013 to identify superior agricultural lending opportunities in the US and internationally, with a particular focus on emerging markets.

Highlights of MetLife's domestic and international transactions for 2012 include:

GF Group

$85.0 million first mortgage, 10 year fixed rate

Secured by agricultural real estate located in the states of Bahia and Piau , Brazil

GF Group is one of the largest Brazilian agricultural commodity producers in Northeast Brazil. The largest portion of their cropland is dedicated to soybeans, with the remaining portions planted in cotton and corn

Forestar Group Inc.

$85.0 million senior secured, variable rate with a 5 year term

Secured by timberland in Georgia, Alabama, Texasand other company assets

Forestar Group Inc (NYSE: FOR) is a publicly traded real estate and natural resources company headquartered in Austin, Texas

NORPAC Foods, Inc.

$28.3 million firstmortgage, 12 year fixed rate

Secured by processing and cold storage facilities in Oregon and Washington

NORPAC Foods, Inc. is a processor and marketer of high quality branded and private-label canned and frozen food products

American Cold Storage-North America, L.P.

$7.5 million first mortgage, variable rate with a 10 year term and a $2.5 million first mortgage revolving line of credit with a 5 year term

Secured by warehouse/distribution facilities located in Indiana, Kentucky and Tennessee

American Cold Storage operates public refrigerated storage warehouses and offers services in the areas of handling, storage and processing/freezing

We think 2013 will offer substantial opportunities for agricultural mortgage lending.Our 96-year track record of investing in the agricultural sector and our commitment to superior customer service will help drive our success this year and beyond, added Merck.

Through its agricultural investments department, MetLife oversees an agricultural portfolio of approximately $13 billion, which consists of farm and ranch, food and agribusiness and timberland mortgages. MetLife has provided agricultural financing solutions since 1917 and is one of the largest agricultural mortgage lenders in North America. MetLife has agricultural investments offices in Fresno, CA, Overland Park, KS, West Des Moines, IA, Bloomington, IL, and S o Paulo, Brazil as well as its Timberland Finance Group, located in Memphis, TN.

MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit metlife.com.

This press release may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as anticipate, estimate, expect, project, intend, plan, believe and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, trends in operations and financial results.

Any or all forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining the actual future results of MetLife, Inc., its subsidiaries and affiliates. These statements are based on current expectations and the current economic environment. They involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance. Act

LINK:	https://www.metlife.com/about/press-room/us-press-releases/2013/index....
	See more stories from metlife

Most recent headlines