MetLife 2009 Annual Report Download - page 87
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MetLife, Inc.
Consolidated Statements of Operations
For the Years Ended December 31, 2009, 2008 and 2007
(In millions, except per share data)
2009 2008 2007
Revenues
Premiums............................................................. $26,460 $25,914 $22,970
Universallifeandinvestment-typeproductpolicyfees ................................ 5,203 5,381 5,238
Netinvestmentincome .................................................... 14,838 16,291 18,057
Otherrevenues ......................................................... 2,329 1,586 1,465
Net investment gains (losses):
Other-than-temporaryimpairmentsonfixedmaturitysecurities........................... (2,439) (1,296) (78)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive
loss ............................................................... 939 — —
Othernetinvestmentgains(losses),net ......................................... (6,272) 3,108 (500)
Totalnetinvestmentgains(losses) ........................................ (7,772) 1,812 (578)
Totalrevenues...................................................... 41,058 50,984 47,152
Expenses
Policyholderbenefitsandclaims .............................................. 28,336 27,437 23,783
Interestcreditedtopolicyholderaccountbalances .................................. 4,849 4,788 5,461
Policyholderdividends..................................................... 1,650 1,751 1,723
Otherexpenses......................................................... 10,556 11,947 10,405
Totalexpenses ..................................................... 45,391 45,923 41,372
Income(loss)fromcontinuingoperationsbeforeprovisionforincometax.................... (4,333) 5,061 5,780
Provisionforincometaxexpense(benefit)........................................ (2,015) 1,580 1,675
Income(loss)fromcontinuingoperations,netofincometax ............................ (2,318) 3,481 4,105
Income(loss)fromdiscontinuedoperations,netofincometax........................... 40 (203) 360
Netincome(loss)........................................................ (2,278) 3,278 4,465
Less:Netincome(loss)attributabletononcontrollinginterests........................... (32) 69 148
Netincome(loss)attributabletoMetLife,Inc. ..................................... (2,246) 3,209 4,317
Less:Preferredstockdividends............................................... 122 125 137
Netincome(loss)availabletoMetLife,Inc.’scommonshareholders ....................... $(2,368) $ 3,084 $ 4,180
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common
shareholders per common share:
Basic .............................................................. $ (2.94) $ 4.60 $ 5.32
Diluted ............................................................. $ (2.94) $ 4.54 $ 5.20
Net income (loss) available to MetLife, Inc.’s common shareholders per common share:
Basic .............................................................. $ (2.89) $ 4.19 $ 5.62
Diluted ............................................................. $ (2.89) $ 4.14 $ 5.48
Cashdividendspercommonshare ............................................ $ 0.74 $ 0.74 $ 0.74
See accompanying notes to the consolidated financial statements.
F-3MetLife, Inc.