MetLife 2002 Annual Report Download - page 88

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METLIFE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
settlement recorded in 1999. Unaudited net income for the fourth quarter of 2002 includes a charge of $169 million related to the Company’s asbestos-
related litigation, a $20 million benefit related to the reduction of a previously established liability for the Company’s 2001 business realignment initiatives
and a $17 million benefit related to the reduction of a previously established liability for disability insurance-related losses from the September 11, 2001
tragedies.
Unaudited net income for the third quarter of 2001 includes charges for insurance-related losses of $208 million related to the September 11, 2001
tragedies. Unaudited net income for the fourth quarter of 2001 includes charges of $159 million related to a class action lawsuit and a related regulatory
inquiry pending against Metropolitan Life, $330 million related to business realignment initiatives and $74 million related to the establishment of a
policyholder liability for certain group annuity policies.
MetLife, Inc.
F-44