diff --git a/net/ipv4/devinet.c b/net/ipv4/devinet.c
index 8a0ec10a13a7370b536a63a20b6c6a4c0fd431c4..e10794dc5f649e73660441d14bc52b2f4401f5c4 100644
--- a/net/ipv4/devinet.c
+++ b/net/ipv4/devinet.c
@@ -1054,12 +1054,14 @@ static int inetdev_event(struct notifier_block *this, unsigned long event,
 	ASSERT_RTNL();
 
 	if (!in_dev) {
-		if (event == NETDEV_REGISTER && dev == &loopback_dev) {
+		if (event == NETDEV_REGISTER) {
 			in_dev = inetdev_init(dev);
 			if (!in_dev)
 				panic("devinet: Failed to create loopback\n");
-			in_dev->cnf.no_xfrm = 1;
-			in_dev->cnf.no_policy = 1;
+			if (dev == &loopback_dev) {
+				in_dev->cnf.no_xfrm = 1;
+				in_dev->cnf.no_policy = 1;
+			}
 		}
 		goto out;
 	}