MetLife Inc., New York, will make a contribution this year of $150 million to its U.S. pension plan and $70 million to its U.S. non-qualified pension plans, according to the company's 10-K statement filed with the Securities and Exchange Commission on Thursday.
Metlife's contributed a total of $329 million in 2017 and $374 million in 2016.
The combined assets were $9.69 billion for U.S. and non-U.S. pension plans, and combined liabilities were $11.41 billion in 2017 for a funding ratio of 84.9%. Among the liabilities, $10.5 billion were for U.S. plans and $910 million were for non-U.S. plans.
In 2016, the combined assets were $9.01 billion for U.S. and non-U.S. pension plans, and combined liabilities were $10.74 billion for 2016, and the for a funding ratio of 83.9%. Among the liabilities, $9.86 billion were for U.S. plans and $880 million were for non-U.S. plans.
The discount rate for the U.S. plans was 3.65% in 2017 vs. 4.3% in 2016. The asset allocation for the U.S. plans in 2017 was 82% fixed income maturities, 10% equity and 8% alternative investments, which were primarily hedge funds, private equity and real estate funds.