MetLife 2006 Annual Report Download - page 5

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Note Regarding Forward-Looking Statements
This Annual Report, including the Management’s Discussion and Analysis of Financial Condition and Results of Operations, contains
statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995,
including statements relating to trends in the operations and financial results and the business and the products of MetLife, Inc. (the
“Holding Company”) and its subsidiaries (collectively, “MetLife” or the “Company”), as well as other statements including words such as
“anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend” and other similar expressions. Forward-looking statements are made based
upon management’s current expectations and beliefs concerning future developments and their potential effects on MetLife, Inc. and its
subsidiaries. Such forward-looking statements are not guarantees of future performance. See “Management’s Discussion and Analysis of
Financial Condition and Results of Operations.”
Selected Financial Data
The following selected financial data has been derived from the Company’s audited consolidated financial statements. The statements
of income data for the years ended December 31, 2006, 2005 and 2004 and the balance sheet data as of December 31, 2006 and 2005
have been derived from the Company’s audited financial statements included elsewhere herein. The statements of income data for the
years ended December 31, 2003 and 2002 and the balance sheet data as of December 31, 2004, 2003 and 2002 have been derived from
the Company’s audited financial statements not included herein. The selected financial data set forth below should be read in conjunction
with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements
and related notes included elsewhere herein. Some previously reported amounts have been reclassified to conform with the presentation
at and for the year ended December 31, 2006.
2006 2005 2004 2003 2002
Years Ended December 31,
(In millions)
Statement of Income Data(1)
Revenues:
Premiums.............................................. $26,412 $24,860 $22,200 $20,575 $19,020
Universal life and investment-type product policy fees . . . . . . . . . . . . . . . . . 4,780 3,828 2,867 2,495 2,145
Netinvestmentincome(2) ................................... 17,192 14,817 12,272 11,386 11,040
Otherrevenues.......................................... 1,362 1,271 1,198 1,199 1,166
Netinvestmentgains(losses)(2)(3)(4)............................ (1,350) (93) 175 (551) (895)
Totalrevenues(2)(5).................................. 48,396 44,683 38,712 35,104 32,476
Expenses:
Policyholderbenefitsandclaims............................... 26,431 25,506 22,662 20,811 19,455
Interest credited to policyholder account balances(4) . . . . . . . . . . . . . . . . . . 5,246 3,925 2,997 3,035 2,950
Policyholderdividends...................................... 1,701 1,679 1,666 1,731 1,803
Otherexpenses ........................................ 10,797 9,267 7,813 7,168 6,862
Totalexpenses(2)(5) ................................. 44,175 40,377 35,138 32,745 31,070
Income from continuing operations before provision for income tax . . . . . . . . . 4,221 4,306 3,574 2,359 1,406
Provisionforincometax(2)................................... 1,116 1,228 996 585 418
Incomefromcontinuingoperations ............................. 3,105 3,078 2,578 1,774 988
Income from discontinued operations, net of income tax(2) . . . . . . . . . . . . . . 3,188 1,636 266 469 617
Income before cumulative effect of a change in accounting, net of income
tax................................................. 6,293 4,714 2,844 2,243 1,605
Cumulative effect of a change in accounting, net of income tax(6) . . . . . . . . . — — (86) (26) —
Netincome............................................. 6,293 4,714 2,758 2,217 1,605
Preferredstockdividends ................................... 134 63 — — —
Charge for conversion of company-obligated mandatorily redeemable securities
ofasubsidiarytrust...................................... — — — 21 —
Netincomeavailabletocommonshareholders...................... $ 6,159 $ 4,651 $ 2,758 $ 2,196 $ 1,605
2MetLife, Inc.