MetLife 2001 Annual Report Download - page 78

METLIFE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
effectively manage its capital. The Company evaluates the performance of each operating segment based upon income or loss from operations before
provision for income taxes and non-recurring items (e.g. items of unusual or infrequent nature). The Company allocates non-recurring items (primarily
consisting of expenses associated with the anticipated resolution of proceedings alleging race-conscious underwriting practices, sales practices claims
and claims for personal injuries caused by exposure to asbestos or asbestos-containing products and demutualization costs) to Corporate & Other.
At or for the year ended December 31, 2001
Auto & Asset Corporate
Individual Institutional Reinsurance Home Management International & Other Total
(Dollars in millions)
Premiums *********************************** $ 4,563 $ 7,288 $1,762 $2,755 $ — $ 846 $ (2) $ 17,212
Universal life and investment-type product policy
fees ************************************** 1,260 592 — — — 38 (1) 1,889
Net investment income ************************ 6,512 4,161 390 200 71 267 322 11,923
Other revenues******************************* 495 649 42 22 198 16 85 1,507
Net investment gains (losses) ******************* 827 (15) (6) (17) 25 (16) (1,401) (603)
Policyholder benefits and claims***************** 5,233 8,924 1,484 2,121 — 689 3 18,454
Interest credited to policyholder account balances** 1,898 1,013 122 — — 51 — 3,084
Policyholder dividends ************************* 1,767 259 24 — — 36 — 2,086
Other expenses ****************************** 3,012 1,907 491 800 252 329 774 7,565
Income (loss) before provision for income taxes**** 1,747 572 67 39 42 46 (1,774) 739
Net income (loss) ***************************** 1,095 382 40 41 27 14 (1,126) 473
Total assets********************************** 131,314 89,661 7,911 4,581 256 5,308 17,867 256,898
Deferred policy acquisition costs **************** 8,757 509 1,196 179 — 525 1 11,167
Separate account assets ********************** 31,261 31,177 13 — — 277 (14) 62,714
Policyholder liabilities ************************** 88,287 52,075 5,355 2,610 — 3,419 (813) 150,933
Separate account liabilities ********************* 31,261 31,177 13 — — 277 (14) 62,714
At or for the year ended December 31, 2000
Auto & Asset Corporate
Individual Institutional Reinsurance Home Management International & Other Total
(Dollars in millions)
Premiums *********************************** $ 4,673 $ 6,900 $1,450 $2,636 $ — $ 660 $ (2) $ 16,317
Universal life and investment-type product policy
fees ************************************** 1,221 547 — — — 53 (1) 1,820
Net investment income ************************ 6,475 3,959 379 194 90 254 417 11,768
Other revenues******************************* 650 650 29 40 760 9 91 2,229
Net investment gains (losses) ******************* 227 (475) (2) (20) — 18 (138) (390)
Policyholder benefits and claims***************** 5,054 8,178 1,096 2,005 — 562 (2) 16,893
Interest credited to policyholder account balances** 1,680 1,090 109 — — 56 — 2,935
Policyholder dividends ************************* 1,742 124 21 — — 32 — 1,919
Payments to former Canadian policyholders ******* — — — — — 327 — 327
Demutualization costs ************************* — — — — — — 230 230
Other expenses ****************************** 3,323 1,730 513 827 784 292 555 8,024
Income (loss) before provision for income taxes**** 1,447 459 117 18 66 (275) (416) 1,416
Net income (loss) ***************************** 920 307 69 30 34 (285) (122) 953
Total assets********************************** 132,433 89,725 7,163 4,511 418 5,119 14,765 254,134
Deferred policy acquisition costs **************** 8,610 446 1,030 176 — 354 2 10,618
Separate account assets ********************** 34,860 33,918 28 — — 1,491 (47) 70,250
Policyholder liabilities ************************** 84,049 49,669 5,028 2,559 — 2,435 (1,169) 142,571
Separate account liabilities ********************* 34,860 33,918 28 — — 1,491 (47) 70,250
MetLife, Inc. F-39