MetLife and Citi Announce Global Distribution Agreement in 15 Markets Through 2025

  MetLife and Citi Announce Global Distribution Agreement in 15 Markets
  Through 2025

Business Wire

NEW YORK -- January 13, 2014

MetLife (NYSE:MET) and Citigroup (NYSE:C)  announced today that they have
entered into a 10-year distribution agreement that will allow MetLife to
provide credit insurance products to Citi clients in 15 markets through 2025.
This agreement expands upon an existing distribution agreement between MetLife
and Citi that will expire in 2015. Financial terms of the agreement were not
disclosed.

Building on MetLife and Citi’s longstanding partnership, this new arrangement
makes MetLife and its affiliates the underwriter or reinsurer of credit
insurance products to Citi clients in 15 countries, 13 exclusively, across
Asia, Europe, the Middle East, Africa and Latin America through 2025. The
products will be available to Citi retail bank and credit card clients in
Australia, Argentina, Brazil, Bahrain, Czech Republic, Egypt, Greece,
Indonesia, Malaysia, Philippines, Poland, Russia, Spain, Thailand and the UAE.

“We look forward to continuing to build on our strong partnership with Citi by
providing credit insurance products to Citi’s clients across the globe.
MetLife and Citi are pioneering the type of partnership required today to
ensure that consumer needs are met in a consistent way,” said Maria Morris,
executive vice president, MetLife, Inc. “This deal is unique in nature as it
enables Citi and MetLife to deliver enhanced value to their customers through
product and process innovation.”

“We are pleased to extend our agreement with MetLife into the next decade and
are excited about the opportunities ahead,” said Jonathan Larsen, Citi’s
Global Head of Retail Banking and Asia Pacific Head of Consumer Banking. “This
agreement enables us to provide enhanced value, products, and service to our
clients while driving efficiency through a single, standard global product
framework. With a footprint that complements Citi’s global reach, this
partnership is a win for our clients and our business.”

About MetLife

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 www.metlife.com.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

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Contact:

MetLife:
Meghan Lantier, 212-578-6734
or
Citi:
Liz Fogarty, 212-559-0486
 
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