MetLife 2004 Annual Report Download - page 46

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders of MetLife, Inc.
New York, New York
We have audited the accompanying consolidated balance sheets of MetLife, Inc. and subsidiaries (the ‘‘Company’’) as of December 31, 2004 and
2003, and the related consolidated statements of income, stockholders’ equity, and cash flows for each of the three years in the period ended
December 31, 2004. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on
these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing
the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of MetLife, Inc. and subsidiaries as of
December 31, 2004 and 2003, and the results of their operations and their cash flows for each of the three years in the period ended December 31,
2004 in conformity with accounting principles generally accepted in the United States of America.
As discussed in Note 1, the Company changed its method of accounting for certain non-traditional long duration contracts and separate accounts,
and for embedded derivatives in certain insurance products as required by new accounting guidance which became effective on January 1, 2004 and
October 1, 2003, respectively, and recorded the impact as cumulative effects of changes in accounting principles.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the effectiveness of the
Company’s internal control over financial reporting as of December 31, 2004, based on the criteria established in Internal Control — Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated March 4, 2005 expressed an
unqualified opinion on management’s assessment of the effectiveness of the Company’s internal control over financial reporting and an unqualified
opinion on the effectiveness of the Company’s internal control over financial reporting.
DELOITTE & TOUCHE
LLP
New York, New York
March 4, 2005
MetLife, Inc. F-3