MetLife Net Direct Investments In Lehman, AIG About $800 Mln

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MarketWatch

September 16, 2008 Tuesday 6:44 PM EST

LENGTH: 93 words

HEADLINE: MetLife net direct investments in Lehman, AIG about $800 mln

BYLINE: Sue Chang

SAN FRANCISCO (MarketWatch) -- MetLife Inc. (met) said late Tuesday its net direct investments in Lehman Brothers (leh) and AIG (aig) have a total book value of about $800 million, including about $10 million in common stock. "MetLife is continuing to assess the recoverability of these investments," said the insurer in a statement. MetLife has also made secured loans to affiliates of Lehman which are fully collateralized, it said.

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