Metlife Rebuffs Funds; Genworth Is Ineligible

Two life-insurance companies aren't going to participate in the government's bailout program, but for entirely different reasons.

MetLife Inc. said Monday that it won't take federal bailout funds, a sign of the life-insurance company's strong position in an industry struggling with huge losses and shaky balance sheets. Genworth Financial Inc., meanwhile, announced late Thursday that it is ineligible to participate in the Treasury's Capital Purchase Plan because it missed a deadline.