2014 | 2013 | 2012 | |||||||||||||||||||
Company | Permitted w/o Approval (1) | Paid (2) | Permitted w/o Approval (3) | Paid (2) | Permitted w/o Approval (3) | ||||||||||||||||
(In millions) | |||||||||||||||||||||
Metropolitan Life Insurance Company | $ | 1,116 | $ | 1,428 | $ | 1,428 | $ | 1,023 | $ | 1,350 | |||||||||||
American Life Insurance Company | $ | — | $ | — | $ | 523 | $ | 1,300 | (4) | $ | 168 | ||||||||||
MetLife Insurance Company of Connecticut | $ | 1,061 | $ | 1,000 | $ | 1,330 | $ | 706 | (5) | $ | 504 | ||||||||||
Metropolitan Property and Casualty Insurance Company | $ | 218 | $ | 100 | $ | 74 | $ | 100 | $ | — | |||||||||||
Metropolitan Tower Life Insurance Company | $ | 73 | $ | 109 | (6 | ) | $ | 77 | $ | 82 | $ | 82 | |||||||||
MetLife Investors Insurance Company | $ | 99 | $ | 129 | $ | 129 | $ | 18 | $ | 18 | |||||||||||
Delaware American Life Insurance Company | $ | 16 | $ | — | $ | 7 | $ | — | $ | 12 | |||||||||||
(1) | Reflects dividend amounts that may be paid during 2014 without prior regulatory approval. However, because dividend tests may be based on dividends previously paid over rolling 12-month periods, if paid before a specified date during 2014, some or all of such dividends may require regulatory approval. |
(2) | Reflects all amounts paid, including those requiring regulatory approval. |
(3) | Reflects dividend amounts that could have been paid during the relevant year without prior regulatory approval. |
(4) | During May 2012, American Life received regulatory approval to pay an extraordinary dividend for an amount up to the funds remitted in connection with the restructuring of American Life’s business in Japan. Subsequently, $1.5 billion was remitted to American Life. See Note 3. Of this approved amount, $1.3 billion was paid to MetLife, Inc. as an extraordinary dividend. |
(5) | During June 2012, MICC distributed shares of an affiliate to its stockholders as an in-kind extraordinary dividend of $202 million as calculated on a statutory basis. Regulatory approval for this extraordinary dividend was obtained due to the timing of payment. During December 2012, MICC paid a dividend to its stockholders in the amount of $504 million, which represented its ordinary dividend capacity at December 31, 2012. Due to the June 2012 in-kind dividend, a portion of this was extraordinary and regulatory approval was obtained. |
(6) | During October 2013, Metropolitan Tower Life Insurance Company (“MTL”) distributed shares of an affiliate to MetLife, Inc. as an in-kind dividend of $32 million. Also during October 2013, MTL paid a dividend to MetLife, Inc. in the amount of $77 million in cash, which represented its dividend capacity without regulatory approval at December 31, 2013. Regulatory approval for these dividends was obtained due to the amount and timing of the payments. |