MetLife 2008 Annual Report Download - page 218
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For the Year Ended
December 31, 2007 Institutional Individual International Auto &
Home Corporate &
Other Total
(In millions)
Statement of Income:
Revenues
Premiums .............................. $ 12,392 $ 4,481 $ 3,096 $2,966 $ 35 $ 22,970
Universal life and investment-type product policy fees . . 802 3,441 995 — — 5,238
Net investment income . . . . . . . . . . . . . . . . . . . . . . 8,176 7,025 1,247 196 1,419 18,063
Otherrevenues........................... 726 600 24 43 72 1,465
Netinvestmentgains(losses).................. (582) (112) 56 15 45 (578)
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . 21,514 15,435 5,418 3,220 1,571 47,158
Expenses
Policyholder benefits and claims . . . . . . . . . . . . . . . . 13,805 5,665 2,460 1,807 46 23,783
Interest credited to policyholder account balances . . . . 3,094 2,013 354 — — 5,461
Policyholderdividends ...................... — 1,715 4 4 — 1,723
Other expenses . . . . . . . . . . . . . . . . . . . . . . . . . . 2,439 4,003 1,749 829 1,409 10,429
Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . 19,338 13,396 4,567 2,640 1,455 41,396
Income from continuing operations before provision for
incometax ............................ 2,176 2,039 851 580 116 5,762
Provisionforincometax ..................... 740 698 207 144 (129) 1,660
Income from continuing operations . . . . . . . . . . . . . . 1,436 1,341 644 436 245 4,102
Income (loss) from discontinued operations, net of
incometax ............................ 13 16 (9) — 195 215
Netincome ............................. 1,449 1,357 635 436 440 4,317
Preferredstockdividends.................... — — — — 137 137
Net income available to common shareholders . . . . . . $ 1,449 $ 1,357 $ 635 $ 436 $ 303 $ 4,180
Balance Sheet:
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $204,005 $250,691 $26,357 $5,672 $72,424 $559,149
DACandVOBA........................... $ 923 $ 14,038 $ 2,648 $ 193 $ 8 $ 17,810
Goodwill ............................... $ 978 $ 2,957 $ 313 $ 157 $ 409 $ 4,814
Separate account assets . . . . . . . . . . . . . . . . . . . . $ 52,046 $102,918 $ 5,195 $ — $ (17) $160,142
Policyholder liabilities . . . . . . . . . . . . . . . . . . . . . . . $121,147 $115,901 $16,082 $3,324 $ 9,522 $265,976
Separate account liabilities . . . . . . . . . . . . . . . . . . . $ 52,046 $102,918 $ 5,195 $ — $ (17) $160,142
F-95MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)