MetLife Reports Another Strong Year for Stable Value Sales; Stable Value Products Offer Safety and Stability by Preserving Principal and Accumulated Earnings.

NEW YORK -- MetLife, Inc. (NYSE: MET), a leading provider of stable value solutions, announced another strong year for its stable value sales, ending 2004 with over $20 billion in combined stable value assets under management and in wrap agreements. This represents an increase of $1.4 billion over year-end 2003.

Stable value products seek to preserve principal, and in this respect are similar to money market funds. However, stable value has historically offered considerably higher returns and are comparable to high-quality, intermediate term bonds, but with lower volatility.

"For the second straight year, MetLife has posted a very strong sales record for our stable value solutions. Our financial strength and innovation are key differentiators for MetLife in the stable value market," commented Sherif Zakhary, vice president, MetLife Retirement & Savings.

For almost thirty years, MetLife has offered a wide range of stable value solutions to plan sponsors and stable value intermediaries, combining flexibility, innovation and expertise.

MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of insurance and other financial services to individual and institutional customers. The MetLife companies serve individuals in approximately 13 million households in the U.S. and provide benefits to 37 million employees and family members through their plan sponsors. Outside the U.S., the MetLife companies serve approximately 9 million customers through direct insurance operations in Argentina, Brazil, Chile, China, Hong Kong, India, Indonesia, Mexico, South Korea, Taiwan and Uruguay. For more information about MetLife, please visit the company's Web site at www.metlife.com.