MetLife 2010 Annual Report Download - page 92

MetLife, Inc.
Consolidated Statements of Operations
For the Years Ended December 31, 2010, 2009 and 2008
(In millions, except per share data)
2010 2009 2008
Revenues
Premiums....................................................... $27,394 $26,460 $25,914
Universallifeandinvestment-typeproductpolicyfees ........................ 6,037 5,203 5,381
Netinvestmentincome.............................................. 17,615 14,837 16,289
Other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,328 2,329 1,586
Net investment gains (losses):
Other-than-temporaryimpairmentsonfixedmaturitysecurities................... (682) (2,439) (1,296)
Other-than-temporary impairments on fixed maturity securities transferred to other
comprehensiveincome(loss)........................................ 212 939 —
Othernetinvestmentgains(losses)..................................... 78 (1,406) (802)
Totalnetinvestmentgains(losses) ................................. (392) (2,906) (2,098)
Netderivativegains(losses) .......................................... (265) (4,866) 3,910
Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,717 41,057 50,982
Expenses
Policyholder benefits and claims . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,545 28,336 27,437
Interest credited to policyholder account balances . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,925 4,849 4,788
Policyholderdividends.............................................. 1,486 1,650 1,751
Otherexpenses .................................................. 12,803 10,556 11,947
Totalexpenses............................................... 48,759 45,391 45,923
Income (loss) from continuing operations before provision for income tax . . . . . . . . . . . 3,958 (4,334) 5,059
Provision for income tax expense (benefit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,181 (2,015) 1,580
Income(loss)fromcontinuingoperations,netofincometax .................... 2,777 (2,319) 3,479
Income (loss) from discontinued operations, net of income tax . . . . . . . . . . . . . . . . . . . 9 41 (201)
Netincome(loss) ................................................. 2,786 (2,278) 3,278
Less: Net income (loss) attributable to noncontrolling interests. . . . . . . . . . . . . . . . . . . (4) (32) 69
Netincome(loss)attributabletoMetLife,Inc. .............................. 2,790 (2,246) 3,209
Less:Preferredstockdividends........................................ 122 122 125
Net income (loss) available to MetLife, Inc.’s common shareholders . . . . . . . . . . . . . . . $ 2,668 $ (2,368) $ 3,084
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s
common shareholders per common share:
Basic ........................................................ $ 3.01 $ (2.94) $ 4.60
Diluted ....................................................... $ 2.99 $ (2.94) $ 4.54
Net income (loss) available to MetLife, Inc.’s common shareholders per common share:
Basic ........................................................ $ 3.02 $ (2.89) $ 4.19
Diluted ....................................................... $ 3.00 $ (2.89) $ 4.14
Cashdividendspercommonshare ..................................... $ 0.74 $ 0.74 $ 0.74
See accompanying notes to the consolidated financial statements.
F-3MetLife, Inc.