MetLife 2007 Annual Report Download - page 6

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 statement of
income data for the years ended December 31, 2007, 2006 and 2005 and the balance sheet data as of December 31, 2007 and 2006
have been derived from the Company’s audited financial statements included elsewhere herein. The statement of income data for the years
ended December 31, 2004 and 2003 and the balance sheet data as of December 31, 2005, 2004 and 2003 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, 2007.
2007 2006 2005 2004 2003
Years Ended December 31,
(In millions)
Statement of Income Data(1)
Revenues(2)(3):
Premiums.............................................. $27,895 $26,412 $24,860 $22,200 $20,575
Universal life and investment-type product policy fees . . . . . . . . . . . . . . . . . 5,311 4,780 3,828 2,867 2,495
Netinvestmentincome ..................................... 19,006 17,082 14,756 12,261 11,373
Otherrevenues .......................................... 1,533 1,362 1,271 1,198 1,199
Netinvestmentgains(losses)................................. (738) (1,382) (86) 175 (551)
Totalrevenues ...................................... 53,007 48,254 44,629 38,701 35,091
Expenses(2)(3):
Policyholderbenefitsandclaims............................... 27,828 26,431 25,506 22,662 20,811
Interest credited to policyholder account balances . . . . . . . . . . . . . . . . . . . 5,741 5,171 3,887 2,997 3,035
Policyholderdividends...................................... 1,726 1,701 1,679 1,666 1,731
Otherexpenses.......................................... 11,673 10,783 9,264 7,813 7,168
Totalexpenses ...................................... 46,968 44,086 40,336 35,138 32,745
Income from continuing operations before provision for income tax . . . . . . . . . 6,039 4,168 4,293 3,563 2,346
Provisionforincometax(2)................................... 1,759 1,097 1,222 991 580
Incomefromcontinuingoperations ............................. 4,280 3,071 3,071 2,572 1,766
Income from discontinued operations, net of income tax(2) . . . . . . . . . . . . . . 37 3,222 1,643 272 477
Income before cumulative effect of a change in accounting, net of income tax. . 4,317 6,293 4,714 2,844 2,243
Cumulative effect of a change in accounting, net of
incometax(3).......................................... — — — (86) (26)
Netincome............................................. 4,317 6,293 4,714 2,758 2,217
Preferredstockdividends ................................... 137 134 63 — —
Charge for conversion of company-obligated mandatorily redeemable securities
ofasubsidiarytrust...................................... — — — — 21
Netincomeavailabletocommonshareholders...................... $ 4,180 $ 6,159 $ 4,651 $ 2,758 $ 2,196
2MetLife, Inc.