MetLife 2007 Annual Report Download - page 44
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experience in the U.S. and the United Kingdom in the prior-year period, and a $33 million increase in the liabilities associated with the
Argentine pension business in the prior year period.
Other expenses increased by $236 million due to a $92 million increase in expenses associated with DAC, including reinsurance
allowances paid, a $47 million increase in interest expense primarily associated with RGA’s issuance of $850 million 30-year notes in June
2006 and $400 million of junior subordinated notes in December 2005, as well as a $47 million increase in minority interest expense on the
larger earnings base in the current period. The remaining increase of $50 million was primarily related to overhead-related expenses
associated with RGA’s international expansion and general growth in operations, including equity compensation expense.
Additionally, a component of the increase in total expenses was a $33 million increase associated with foreign currency exchange rate
movements.
40 MetLife, Inc.