Quick Facts - MetLife
Quick Fa MetLife Public Relations MetLife, Inc. (NYSE: MET) 200 Park Avenue New York, NY 10166
Quick Facts Third Quarter 2008
Premiums, Fees & Other Revenues3
Investment Asset Allocation3 ($323.8 Billion General Account Portfolio)
$9,500
Fixed Maturities 66%
Policy Loans 3%
$8,000
Real Estate & Real Estate Joint Ventures 2%
$7,500
Mortgage & Consumer Loans 16%
($ in millions)
Other Invested Assets 3%
Equity Securities 1%
$8,500
$7,000
Cash & Short-Term Investments 7%
Other Limited Partnerships 2%
$9,000
4Q 2007 $7,703
1Q 2008 $8,074
2Q 2008 $8,117
3Q 2008 $8,582
Operating Earnings Available 1,2,3 2% 7% to Common Shareholders (In millions) 1% 3%
International $144
3%
Total Assets3 Fixed Maturities $600
Mortgage & Consumer Loans
Institutional 2% Business $396
Real Estate & Real Estate Joint Ventures Policy Loans
$500
Equity Securities
16%
Other Limited Partnerships
Auto & Home $101
66%
Cash & Short-Term Investments
$400
Other Invested Assets
$300
Individual Business $218
($ in billions)
4Q 2007 $559.1
1Q 2008 $557.6
2Q 2008 $556.5
3Q 2008 $521.3
1 Excludes Corporate & Other. For the quarter ended September 30, 2008. 2 Operating earnings available to common shareholders are not calculated based on generally accepted accounting principles (“GAAP”). Information regarding non-GAAP financial measures and the reconciliation of them to GAAP measures are provided in MetLife, Inc.’s third quarter 2008 earnings press release and quarterly financial supplement. Both documents can be found on MetLife’s Investor Relations Web page at http://investor.metlife.com. For the press release, click on “News & Events” and then “Financial Press Releases.” For the quarterly financial supplement, click on “Financial Information” and then “Quarterly Financial Supplement.” 3 On September 12, 2008, the company completed a tax-free split-off of its majority-owned subsidiary, Reinsurance Group of America, Incorporated (“RGA”). The disposition of RGA resulted in the elimination of the Company’s reinsurance segment.
U.S. Employees
39,800
Worldwide Employees
55,300
Customer Reach
MetLife is a leading provider of insurance and other financial services to over 70 million customers around the world and, in the United States, serves over 90 of the top one hundred FORTUNE 500® companies. Outside the United States, the MetLife companies have direct operations in Latin America, Europe and Asia Pacific.
#1 U.S. Life Insurer
Largest life insurer in the United States with approximately $3.4 trillion of life insurance in-force as of December 31, 2007.
Product Leader
MetLife is ranked #1 or #2 in several group product areas, including life, disability, and auto and home. MetLife is also the largest individual and group life insurer in Mexico.
Financial Strength Ratings for Metropolitan Life Insurance Company
oody’s Investors Service M Standard & Poor’s Ratings Services A.M. Best Company, Inc. Fitch Ratings
Products and Services
Aa2 AA A+ AA
Institutional Business Group life insurance, retirement & savings, group non-medical health (e.g., short- and long-term disability, long-term care, dental, accidental death & dismemberment, critical illness), group auto and home and pre-paid legal services plans
Individual Business Life insurance, annuities, long-term care, disability and investment products, such as mutual funds
International Life insurance, accident and health, annuities and retirement & savings
Auto & Home Automobile, homeowners, boat, renters and miscellaneous personal lines property and casualty insurance
MetLife Bank FDIC-insured products, including certificates of deposit, money market accounts, high-yield savings, individual retirement accounts, residential mortgages and reverse mortgages
Executive Officers
C. Robert Henrikson
Maria R. Morris
Chairman of the Board, President and Chief Executive Officer
Executive Vice President, Technology and Operations
Ruth A. Fattori
William J. Mullaney
Executive Vice President and Chief Administrative Officer
President, Institutional Business
Steven A. Kandarian Executive Vice President and Chief Investment Officer
James L. Lipscomb
Executive Vice President and General Counsel
0811-0329 © 2008 METLIFE, INC. PEANUTS © United Feature Syndicate, Inc.
William J. Toppeta President, International
Lisa M. Weber President, Individual Business
William J. Wheeler Executive Vice President and Chief Financial Officer
Quick Facts Third Quarter 2008
Premiums, Fees & Other Revenues3
Investment Asset Allocation3 ($323.8 Billion General Account Portfolio)
$9,500
Fixed Maturities 66%
Policy Loans 3%
$8,000
Real Estate & Real Estate Joint Ventures 2%
$7,500
Mortgage & Consumer Loans 16%
($ in millions)
Other Invested Assets 3%
Equity Securities 1%
$8,500
$7,000
Cash & Short-Term Investments 7%
Other Limited Partnerships 2%
$9,000
4Q 2007 $7,703
1Q 2008 $8,074
2Q 2008 $8,117
3Q 2008 $8,582
Operating Earnings Available 1,2,3 2% 7% to Common Shareholders (In millions) 1% 3%
International $144
3%
Total Assets3 Fixed Maturities $600
Mortgage & Consumer Loans
Institutional 2% Business $396
Real Estate & Real Estate Joint Ventures Policy Loans
$500
Equity Securities
16%
Other Limited Partnerships
Auto & Home $101
66%
Cash & Short-Term Investments
$400
Other Invested Assets
$300
Individual Business $218
($ in billions)
4Q 2007 $559.1
1Q 2008 $557.6
2Q 2008 $556.5
3Q 2008 $521.3
1 Excludes Corporate & Other. For the quarter ended September 30, 2008. 2 Operating earnings available to common shareholders are not calculated based on generally accepted accounting principles (“GAAP”). Information regarding non-GAAP financial measures and the reconciliation of them to GAAP measures are provided in MetLife, Inc.’s third quarter 2008 earnings press release and quarterly financial supplement. Both documents can be found on MetLife’s Investor Relations Web page at http://investor.metlife.com. For the press release, click on “News & Events” and then “Financial Press Releases.” For the quarterly financial supplement, click on “Financial Information” and then “Quarterly Financial Supplement.” 3 On September 12, 2008, the company completed a tax-free split-off of its majority-owned subsidiary, Reinsurance Group of America, Incorporated (“RGA”). The disposition of RGA resulted in the elimination of the Company’s reinsurance segment.
U.S. Employees
39,800
Worldwide Employees
55,300
Customer Reach
MetLife is a leading provider of insurance and other financial services to over 70 million customers around the world and, in the United States, serves over 90 of the top one hundred FORTUNE 500® companies. Outside the United States, the MetLife companies have direct operations in Latin America, Europe and Asia Pacific.
#1 U.S. Life Insurer
Largest life insurer in the United States with approximately $3.4 trillion of life insurance in-force as of December 31, 2007.
Product Leader
MetLife is ranked #1 or #2 in several group product areas, including life, disability, and auto and home. MetLife is also the largest individual and group life insurer in Mexico.
Financial Strength Ratings for Metropolitan Life Insurance Company
oody’s Investors Service M Standard & Poor’s Ratings Services A.M. Best Company, Inc. Fitch Ratings
Products and Services
Aa2 AA A+ AA
Institutional Business Group life insurance, retirement & savings, group non-medical health (e.g., short- and long-term disability, long-term care, dental, accidental death & dismemberment, critical illness), group auto and home and pre-paid legal services plans
Individual Business Life insurance, annuities, long-term care, disability and investment products, such as mutual funds
International Life insurance, accident and health, annuities and retirement & savings
Auto & Home Automobile, homeowners, boat, renters and miscellaneous personal lines property and casualty insurance
MetLife Bank FDIC-insured products, including certificates of deposit, money market accounts, high-yield savings, individual retirement accounts, residential mortgages and reverse mortgages
Executive Officers
C. Robert Henrikson
Maria R. Morris
Chairman of the Board, President and Chief Executive Officer
Executive Vice President, Technology and Operations
Ruth A. Fattori
William J. Mullaney
Executive Vice President and Chief Administrative Officer
President, Institutional Business
Steven A. Kandarian Executive Vice President and Chief Investment Officer
James L. Lipscomb
Executive Vice President and General Counsel
0811-0329 © 2008 METLIFE, INC. PEANUTS © United Feature Syndicate, Inc.
William J. Toppeta President, International
Lisa M. Weber President, Individual Business
William J. Wheeler Executive Vice President and Chief Financial Officer
