MetLife 2006 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2006 MetLife annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 166

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166

Continued focus on the fundamentals
As we pursued business growth in 2006, we also continued to strengthen customer protection—the very backbone of the company.
While ensuring that compliance, ethics and risk management are “best-in-class” core competencies for MetLife, we also implemented a
new global corporate oversight function in key actuarial processes. This enables us to confirm appropriateness and transparency of
pricing, understanding of major risks associated with new product development, and consistency of financial reporting processes.
Likewise, in the case of MetLife’s investment portfolio, we implemented a new risk limit system designed to deliver strong returns while
maintaining appropriate risk to the enterprise.
The MetLife brand, already one of our greatest assets, was further enhanced in 2006 as the company launched a refreshed brand
platform and new advertising campaign. Highlighting our ability to provide “guarantees for the if in life,” the campaign focuses on how
MetLife helps customers manage the uncertainties in life and, in an era when they are shouldering more of a financial burden than ever
before, create a personal safety net. To further establish a consistent brand platform with a common look and feel, we also recently
concluded a global agreement with United Media to use Snoopy and the PEANUTS»characters throughout the world.
We are building a company poised for the future. With our focus on diversity and inclusiveness, we are a magnet for the outstanding
talent that will drive MetLife’s success in the years ahead. Without a doubt, today MetLife is at an exciting juncture in its history. I want to
thank my predecessor, Bob Benmosche, for his leadership, vision and commitment to strengthening and growing our enterprise.
I especially want to thank you for your continued support. All of us at MetLife are excited about the opportunities we have before us. We
look forward to continuing to capitalize on that excitement to benefit our customers and shareholders.
Sincerely,
C. Robert Henrikson
Chairman of the Board, President and Chief Executive Officer
MetLife, Inc.
March 1, 2007