MetLife 2010 Annual Report Download - page 233
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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 $ 920 $2,264 $2,902 $23,254 $3,187 $ 19 $26,460 $ — $26,460
Universal life and investment-type
productpolicyfees......... 2,281 1,712 176 — 4,169 1,061 — 5,230 (27) 5,203
Netinvestmentincome........ 5,614 3,098 4,527 180 13,419 1,193 477 15,089 (252) 14,837
Otherrevenues ............ 779 173 238 33 1,223 14 1,092 2,329 — 2,329
Net investment gains (losses) . . . . — — — — — — — — (2,906) (2,906)
Net derivative gains (losses) . . . . . — — — — — — — — (4,866) (4,866)
Totalrevenues............ 25,842 5,903 7,205 3,115 42,065 5,455 1,588 49,108 (8,051) 41,057
Expenses
Policyholder benefits and claims
and policyholder dividends . . . . 19,111 1,950 4,245 1,932 27,238 2,660 4 29,902 84 29,986
Interest credited to policyholder
accountbalances.......... 952 1,688 1,632 — 4,272 581 — 4,853 (4) 4,849
Interest credited to bank
deposits ............... — — — — — — 163 163 — 163
CapitalizationofDAC......... (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 on debt . . . . . . 6 — 3 — 9 8 1,027 1,044 — 1,044
Otherexpenses............ 4,206 2,433 456 764 7,859 1,797 1,336 10,992 69 11,061
Totalexpenses ........... 24,127 5,428 6,337 2,697 38,589 4,831 2,533 45,953 (562) 45,391
Provision for income tax expense
(benefit) ............... 573 167 288 96 1,124 161 (617) 668 (2,683) (2,015)
Operating earnings ........ $ 1,142 $ 308 $ 580 $ 322 $ 2,352 $ 463 $ (328) 2,487
Adjustments to:
Totalrevenues............. (8,051)
Totalexpenses............. 562
Provision for income tax (expense)
benefit ................ 2,683
Income (loss) from
continuing operations, net
of income tax .......... $ (2,319) $ (2,319)
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 . . . . . . . . . . . . . . . . . . . . . . . $132,720 $154,228 $153,795 $5,517 $446,260 $33,923 $59,131 $539,314
Separate account assets . . . . . . . . . . . . . $ 8,838 $ 87,157 $ 45,688 $ — $141,683 $ 7,358 $ — $149,041
Separate account liabilities . . . . . . . . . . . $ 8,838 $ 87,157 $ 45,688 $ — $141,683 $ 7,358 $ — $149,041
F-144 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)