MetLife 2008 Annual Report Download - page 126
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MetLife, Inc.
Consolidated Statements of Income
For the Years Ended December 31, 2008, 2007 and 2006
(In millions, except per share data)
2008 2007 2006
Revenues
Premiums............................................................. $25,914 $22,970 $22,052
Universallifeandinvestment-typeproductpolicyfees ................................ 5,381 5,238 4,711
Netinvestmentincome .................................................... 16,296 18,063 16,247
Otherrevenues ......................................................... 1,586 1,465 1,301
Netinvestmentgains(losses)................................................ 1,812 (578) (1,382)
Totalrevenues .................................................... 50,989 47,158 42,929
Expenses
Policyholderbenefitsandclaims .............................................. 27,437 23,783 22,869
Interestcreditedtopolicyholderaccountbalances .................................. 4,787 5,461 4,899
Policyholderdividends..................................................... 1,751 1,723 1,698
Otherexpenses......................................................... 11,924 10,429 9,537
Totalexpenses.................................................... 45,899 41,396 39,003
Incomefromcontinuingoperationsbeforeprovisionforincometax........................ 5,090 5,762 3,926
Provisionforincometax.................................................... 1,580 1,660 1,016
Incomefromcontinuingoperations............................................. 3,510 4,102 2,910
Income(loss)fromdiscontinuedoperations,netofincometax........................... (301) 215 3,383
Netincome............................................................ 3,209 4,317 6,293
Preferredstockdividends................................................... 125 137 134
Netincomeavailabletocommonshareholders..................................... $ 3,084 $ 4,180 $ 6,159
Income from continuing operations available to common shareholders per common share
Basic .............................................................. $ 4.60 $ 5.33 $ 3.65
Diluted ............................................................. $ 4.54 $ 5.20 $ 3.60
Netincomeavailabletocommonshareholderspercommonshare
Basic .............................................................. $ 4.19 $ 5.62 $ 8.09
Diluted ............................................................. $ 4.14 $ 5.48 $ 7.99
Cashdividendspercommonshare ............................................ $ 0.74 $ 0.74 $ 0.59
See accompanying notes to the consolidated financial statements.
F-3MetLife, Inc.