MetLife 2008 Annual Report Download - page 5

Note Regarding Forward-Looking Statements
This Annual Report, including the Management’s Discussion and Analysis of Financial Condition and Results of Operations, may contain
or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements
can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,”
“expect,” “project,” “intend,” “plan,” “believe” and other words and terms of similar meaning in connection with a discussion of future
operating or financial performance. In particular, these include statements relating to future actions, prospective services or products,
future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such
as legal proceedings, trends in operations and financial results. 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, 2008, 2007 and 2006, and the balance sheet data at December 31, 2008 and 2007 have
been derived from the Company’s audited financial statements included elsewhere herein. The statement of income data for the years
ended December 31, 2005 and 2004, and the balance sheet data at December 31, 2006, 2005 and 2004 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, most notably discontinued operations discussed in
footnote 2, have been reclassified to conform with the presentation at and for the year ended December 31, 2008.
2008 2007 2006 2005 2004
Years Ended December 31,
(In millions)
Statement of Income Data(1)
Revenues(2), (3):
Premiums ................................................ $25,914 $22,970 $22,052 $20,979 $18,842
Universal life and investment-type product policy fees . . . . . . . . . . . . . . . . . . . . 5,381 5,238 4,711 3,775 2,819
Netinvestmentincome........................................ 16,296 18,063 16,247 14,064 11,627
Otherrevenues............................................. 1,586 1,465 1,301 1,221 1,152
Netinvestmentgains(losses).................................... 1,812 (578) (1,382) (112) 114
Totalrevenues ......................................... 50,989 47,158 42,929 39,927 34,554
Expenses(2), (3):
Policyholderbenefitsandclaims.................................. 27,437 23,783 22,869 22,236 19,907
Interest credited to policyholder account balances . . . . . . . . . . . . . . . . . . . . . . 4,787 5,461 4,899 3,650 2,766
Policyholderdividends ........................................ 1,751 1,723 1,698 1,678 1,664
Otherexpenses............................................. 11,924 10,429 9,537 8,259 6,833
Totalexpenses......................................... 45,899 41,396 39,003 35,823 31,170
Income from continuing operations before provision for income tax . . . . . . . . . . . . 5,090 5,762 3,926 4,104 3,384
Provisionforincometax(2)...................................... 1,580 1,660 1,016 1,156 931
Incomefromcontinuingoperations ................................ 3,510 4,102 2,910 2,948 2,453
Income (loss) from discontinued operations, net of income tax(2) . . . . . . . . . . . . . (301) 215 3,383 1,766 391
Income before cumulative effect of a change in accounting, net of income tax . . . . 3,209 4,317 6,293 4,714 2,844
Cumulative effect of a change in accounting, net of income tax(3) . . . . . . . . . . . . — — — — (86)
Netincome ............................................... 3,209 4,317 6,293 4,714 2,758
Preferredstockdividends ...................................... 125 137 134 63 —
Netincomeavailabletocommonshareholders......................... $ 3,084 $ 4,180 $ 6,159 $ 4,651 $ 2,758
2MetLife, Inc.