MetLife 2009 Annual Report Download - page 209
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Year Ended December 31,
2009: Insurance
Products Retirement
Products
Corporate
Benefit
Funding Auto
& Home Total International
Banking,
Corporate
& Other Total Adjustments Total
Consolidated
U.S. Business
Operating Earnings
(In millions)
Revenues
Premiums . . . . . . . . . . . $17,168 $ 623 $2,561 $2,902 $23,254 $3,187 $ 19 $26,460 $ — $26,460
Universal life and
investment-type product
policy fees . . . . . . . . . 2,281 1,712 176 — 4,169 1,061 — 5,230 (27) 5,203
Net investment income . . . 5,614 2,859 4,766 180 13,419 1,193 477 15,089 (251) 14,838
Other revenues . . . . . . . . 779 172 239 33 1,223 14 1,092 2,329 — 2,329
Net investment gains
(losses) . . . . . . . . . . . — — — — — — — — (7,772) (7,772)
Total revenues . . . . . . . 25,842 5,366 7,742 3,115 42,065 5,455 1,588 49,108 (8,050) 41,058
Benefits and Expenses
Policyholder benefits and
claims and policyholder
dividends . . . . . . . . . . 19,111 1,398 4,797 1,932 27,238 2,660 4 29,902 84 29,986
Interest credited to
policyholder account
balances . . . . . . . . . . 952 1,687 1,633 — 4,272 581 — 4,853 (4) 4,849
Interest credited to bank
deposits . . . . . . . . . . . — — — — — — 163 163 — 163
Capitalization of DAC . . . . (873) (1,067) (14) (435) (2,389) (630) — (3,019) — (3,019)
Amortization of DAC and
VOBA . . . . . . . . . . . . . 725 424 15 436 1,600 415 3 2,018 (711) 1,307
Interest expense . . . . . . . 6 — 3 — 9 8 1,027 1,044 — 1,044
Other expenses . . . . . . . 4,206 2,405 484 764 7,859 1,797 1,336 10,992 69 11,061
Total benefits and
expenses . . . . . . . . . 24,127 4,847 6,918 2,697 38,589 4,831 2,533 45,953 (562) 45,391
Provision for income tax
expense (benefit) . . . . . 573 182 273 96 1,124 161 (617) 668 (2,683) (2,015)
Operating earnings . . . . $ 1,142 $ 337 $ 551 $ 322 $ 2,352 $ 463 $ (328) 2,487
Adjustments to:
Total revenues . . . . . . . (8,050)
Total benefits and
expenses......... 562
Provision for income tax
(expense) benefit . . . . 2,683
Income (loss) from
continuing
operations, net of
income tax ........ $ (2,318) $ (2,318)
At December 31, 2009: Insurance
Products Retirement
Products
Corporate
Benefit
Funding Auto
& Home Total International
Banking,
Corporate
&Other Total
U.S. Business
(In millions)
Total assets . . . . . . . . . . . . . . . . . . . . . . . $132,717 $148,756 $159,270 $5,517 $446,260 $33,923 $59,131 $539,314
Separate account assets . . . . . . . . . . . . . $ 8,838 $ 87,113 $ 45,732 $ — $141,683 $ 7,358 $ — $149,041
Separate account liabilities . . . . . . . . . . . $ 8,838 $ 87,113 $ 45,732 $ — $141,683 $ 7,358 $ — $149,041
F-125MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)