MetLife 2006 Annual Report Download - page 86

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METLIFE, INC.
CONSOLIDATED STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004
(In millions, except per share data)
2006 2005 2004
Revenues
Premiums............................................................. $26,412 $24,860 $22,200
Universallifeandinvestment-typeproductpolicyfees ................................ 4,780 3,828 2,867
Netinvestmentincome .................................................... 17,192 14,817 12,272
Otherrevenues ......................................................... 1,362 1,271 1,198
Netinvestmentgains(losses)................................................ (1,350) (93) 175
Totalrevenues .................................................... 48,396 44,683 38,712
Expenses
Policyholderbenefitsandclaims .............................................. 26,431 25,506 22,662
Interestcreditedtopolicyholderaccountbalances .................................. 5,246 3,925 2,997
Policyholderdividends..................................................... 1,701 1,679 1,666
Otherexpenses......................................................... 10,797 9,267 7,813
Totalexpenses.................................................... 44,175 40,377 35,138
Incomefromcontinuingoperationsbeforeprovisionforincometax........................ 4,221 4,306 3,574
Provisionforincometax.................................................... 1,116 1,228 996
Incomefromcontinuingoperations............................................. 3,105 3,078 2,578
Incomefromdiscontinuedoperations,netofincometax............................... 3,188 1,636 266
Income before cumulative effect of a change in accounting, net of income tax. . . . . . . . . . . . . . . . . 6,293 4,714 2,844
Cumulativeeffectofachangeinaccounting,netofincometax .......................... — — (86)
Netincome............................................................ 6,293 4,714 2,758
Preferredstockdividends................................................... 134 63 —
Netincomeavailabletocommonshareholders..................................... $ 6,159 $ 4,651 $ 2,758
Income from continuing operations available to common shareholders per common share
Basic .............................................................. $ 3.90 $ 4.03 $ 3.43
Diluted ............................................................. $ 3.85 $ 3.99 $ 3.41
Netincomeavailabletocommonshareholderspercommonshare
Basic .............................................................. $ 8.09 $ 6.21 $ 3.67
Diluted ............................................................. $ 7.99 $ 6.16 $ 3.65
Cashdividendspercommonshare ............................................ $ 0.59 $ 0.52 $ 0.46
See accompanying notes to consolidated financial statements.
F-3MetLife, Inc.