METLIFE, INC.

TABLE OF CONTENTS

HIGHLIGHTS
Corporate Overview	2
METLIFE, INC.
Consolidated Balance Sheets	3
Consolidated Statements of Operating Earnings Available to Common Shareholders	4
Consolidating Balance Sheet	5
Consolidating Statement of Operating Earnings Available to Common Shareholders	6
SUMMARY OF SEGMENT OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	10
INSTITUTIONAL
Statements of Operating Earnings Available to Common Shareholders	11
Future Policy Benefits, Policyholder Account Balances and Separate Account Liabilities	15
Other Expenses by Major Category	16
Spreads by Product	17
INDIVIDUAL
Statements of Operating Earnings Available to Common Shareholders	18
Premiums and Deposits by Product	23
Additional Statistical Information	24
Future Policy Benefits, Policyholder Account Balances and Separate Account Liabilities	25
Expenses by Major Category	26
Spreads by Product	27
INTERNATIONAL
Statements of Operating Earnings Available to Common Shareholders	28
AUTO & HOME
Statements of Operating Earnings Available to Common Shareholders	32
Written Premiums by Product and Selected Financial Information and Supplemental Data	35
CORPORATE, OTHER & ELIMINATIONS
Statements of Operating Earnings Available to Common Shareholders	36
INVESTMENTS
Investment Results by Asset Category and Annualized Yields	37
Fixed Maturity Securities Available-for-Sale and Equity Securities Available-for-Sale Gross Unrealized Gains and Losses Aging Schedules	39
Summary of Fixed Maturity Securities Available-for-Sale by Sector and Quality Distribution, and Summary of Commercial Mortgage Loans by Region and Property Type	40
Summary of Real Estate and Real Estate Joint Ventures and Summary of Mortgages and Consumer Loans	41
OTHER INFORMATION
Company Ratings	42

NOTE:

The Quarterly Financial Supplement (“QFS”) includes financial measures, such as operating earnings, operating earnings available to common shareholders and operating earnings available to common shareholders per diluted common share, that are not based on generally accepted accounting principles (“GAAP”). Operating earnings is defined as GAAP net income (loss) attributable to MetLife, Inc., excluding net income (loss) attributable to noncontrolling interests; net investment gains and losses; adjustments related to net investment gains and losses; adjustments related to net investment gains and losses of consolidated entities and operating joint ventures reported under the equity method of accounting and the impact of MetLife’s own credit; adjustments related to acquisition costs incurred to effect a business combination after January 1, 2009; and discontinued operations other than discontinued real estate, all net of income tax. Scheduled periodic settlement payments on derivative instruments not qualifying for hedge accounting treatment are included in operating earnings. Operating earnings available to common shareholders is defined as operating earnings less preferred stock dividends. Operating earnings available to MetLife, Inc.’s common shareholders per diluted common share is calculated by dividing operating earnings available to MetLife, Inc.’s common shareholders by the number of weighted average diluted common shares outstanding for the period indicated. MetLife believes these measures enhance the understanding and comparability of its performance by excluding net investment gains and losses, net of income tax, adjustments related to net investment gains and losses, net of income tax, and adjustments related to net investment gains and losses of consolidated entities and operating joint ventures reported under the equity method of accounting and the impact of MetLife’s own credit, net of income tax, each of which can fluctuate significantly from period to period, and adjustments related to acquisition costs incurred to effect a business combination after January 1, 2009, net of income tax, discontinued operations other than discontinued real estate, net of income tax, and net income (loss) attributable to noncontrolling interests, thereby highlighting the results from operations and the underlying profitability drivers of the business. Operating earnings, operating earnings available to MetLife, Inc.’s common shareholders and operating earnings available to MetLife, Inc.’s common shareholders per diluted common share should not be viewed as substitutes for GAAP net income (loss), GAAP net income (loss) available to MetLife, Inc.’s common shareholders and GAAP net income (loss) available to MetLife, Inc.’s common shareholders per diluted common share, respectively. Reconciliations of operating earnings to GAAP net income (loss), operating earnings available to MetLife, Inc.’s common shareholders to GAAP net income (loss) available to MetLife, Inc.’s common shareholders and operating earnings available to MetLife, Inc.’s common shareholders per diluted common share to GAAP net income (loss) available to MetLife, Inc.’s common shareholders per diluted share, to the most directly comparable GAAP measures, are included in the QFS and in MetLife’s earnings press release dated July 30, 2009, for the three months ended June 30, 2009, which are available at www.metlife.com.

1

METLIFE, INC.

CORPORATE OVERVIEW

	For the Three Months Ended
	June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions, except per share data)	2008			2008			2008			2009			2009
Net income (loss) (6)	$	996		$	646		$	977		$	(548	)	$	(1,418	)
Net income (loss) attributable to noncontrolling interest		50			16			(8	)		(4	)		(16	)
Net income (loss) attributable to MetLife, Inc.		946			630			985			(544	)		(1,402	)
Preferred stock dividends		31			30			31			30			31
Net income (loss) available to MetLife, Inc.’s common shareholders		915			600			954			(574	)		(1,433	)
Net investment gains (losses) (2)		(346	)		776			2,165			(915	)		(3,957	)
Net investment gains (losses) tax benefit (provision) (2)		115			(293	)		(804	)		325			1,394
Net investment gains (losses), net of income tax (1) (3)		(231	)		483			1,361			(590	)		(2,563	)
Adjustments related to universal life and investment-type product policy fees		(3	)		—			16			(6	)		(11	)
Adjustments related to policyholder benefits and dividends		165			(96	)		(123	)		(27	)		8
Adjustments related to other expenses		144			(1	)		(778	)		(183	)		625
Adjustments related to tax benefit (provision)		(109	)		36			308			74			(215	)
Adjustments related to net investment gains (losses), net of income tax (4)		197			(61	)		(577	)		(142	)		407
Adjustments related to acquisition costs, net of income tax		—			—			—			(9	)		—
Discontinued operations, net of income tax		62			(430	)		38			36			—
Operating earnings available to common shareholders (5)	$	887		$	608		$	132		$	131		$	723
Net income (loss) available to MetLife, Inc.’s common shareholders per common share — diluted	$	1.26		$	0.83		$	1.20		$	(0.71	)	$	(1.74	)
Net investment gains (losses), net of income tax		(0.32	)		0.66			1.71			(0.72	)		(3.11	)
Adjustments related to net investment gains (losses), net of income tax		0.27			(0.08	)		(0.73	)		(0.18	)		0.49
Adjustments related to acquisition costs, net of income tax		—			—			—			(0.01	)		—
Discontinued operations, net of income tax		0.09			(0.59	)		0.05			0.04			—
Operating earnings available to common shareholders — diluted	$	1.22		$	0.84		$	0.17		$	0.16		$	0.88
Weighted average common shares outstanding — diluted		726.5			726.9			793.6			810.8			825.1
	June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited	2008			2008			2008			2009			2009
Book value per common share — (actual common shares outstanding)	$	42.97		$	36.46		$	27.33		$	25.75		$	30.85
Book value per common share, excluding accumulated other comprehensive income (loss) — (actual common shares outstanding)	$	46.51		$	47.12		$	45.29		$	44.53		$	42.86
Book value per common share — diluted — (weighted average common shares outstanding)	$	41.98		$	35.48		$	27.33		$	25.98		$	30.60
Book value per common share, excluding accumulated other comprehensive income (loss) — diluted — (weighted average common shares outstanding)	$	45.43		$	45.85		$	45.29		$	44.93		$	42.52
	For the Three Months Ended
	June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009
Common shares outstanding, beginning of period		709.4			709.7			707.3			793.6			818.1
Treasury stock, net		0.3			(2.4	)		75.0			0.1			0.5
Newly issued shares		—			—			11.3			24.4			—
Common shares outstanding, end of period		709.7			707.3			793.6			818.1			818.6
Weighted average common shares outstanding — basic		712.8			718.1			790.0			809.1			821.6
Dilutive effect of stock-based awards		9.4			8.6			3.6			1.7			3.5
Dilutive effect of stock purchase contracts underlying common equity units		4.3			0.2			—			—			—
Weighted average common shares outstanding — diluted		726.5			726.9			793.6			810.8			825.1
Policyholder Trust Shares		253.4			246.7			242.7			240.8			238.7

(1)	Net investment gains (losses), net of income tax, excludes scheduled periodic settlement payments on derivative instruments not qualifying for hedge accounting treatment of ($26) million, ($1) million, $34 million, $20 million and $21 million for the three months ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively. For QFS purposes, these settlements are included in net investment income.
(2)	Investment income, net, excludes the net investment gains (losses) of consolidated entities and operating joint ventures reported under the equity method of accounting of ($16) million, $37 million, $64 million, $20 million and ($96) million for the three months ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively. Such adjustments, initiated in 2009, have been reflected for all periods presented and are net of applicable adjustments stated in footnote 4 below. Provision for income tax, excludes the related tax impact of the net investment gains (losses) of consolidated entities and operating joint ventures reported under the equity method of accounting of ($11) million, $11 million, $48 million, ($8) million and ($32) million for the three months ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively. For QFS purposes, these net investment gains and losses and related provision for income tax of operating joint ventures are included in net investment gains (losses), net of income tax.
(3)	Net investment gains (losses), net of income tax, from real estate and real estate joint ventures include discontinued operations of $5 million for the three months ended December 31, 2008. There were no net investment gains (losses) from other real estate and real estate joint ventures for any other periods presented.
(4)	Adjustments related to net investment gains (losses), net of income tax, includes amortization of unearned revenue and deferred policy acquisition costs, adjustments to the policyholder dividend obligation and amounts allocable to certain participating contracts.
(5)	Presentation of operating earnings available to MetLife, Inc.’s common shareholders throughout the QFS differs from the presentation of income in other public filings with respect to discontinued operations, scheduled periodic settlement payments on derivatives not qualifying for hedge accounting treatment, net investment gains (losses), net of income tax, of consolidated entities and operating joint ventures reported under the equity method of accounting, income (loss) attributable to noncontrolling interests, and acquisition-related costs incurred to effect a business combination after January 1, 2009. Presentation of discontinued operations in other public filings is in accordance with the Statement of Financial Accounting Standards (“SFAS”) No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets. Presentation of scheduled periodic settlement payments on derivatives not qualifying for hedge accounting treatment in other public filings is in accordance with SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities (“SFAS 133”). Presentation of income (loss) attributable to noncontrolling interest in other public filings is in accordance with SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements — An Amendment of ARB No. 51 (“SFAS 160”). Presentation of acquisition-related costs incurred to effect a business combination after January 1, 2009 in other public filings is in accordance with SFAS No. 141(r) (As Amended), Business Combinations, adopted on January 1, 2009. The transaction cost adjustment is reflected as a separate line item in the March 31, 2009 and June 30, 2009 net income reconciliations.
(6)	On January 1, 2009, MetLife, Inc. adopted SFAS 160 the provisions of which, among others, require that minority interests be renamed noncontrolling interests and that a company present a consolidated net income (loss) measure that includes the amount attributable to such noncontrolling interests for all periods presented.

2

METLIFE, INC.

CONSOLIDATED BALANCE SHEETS

	June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009
ASSETS
Investments:
Fixed maturity securities available-for-sale, at estimated fair value	$	231,013		$	212,125		$	188,251		$	191,415		$	211,563
Equity securities available-for-sale, at estimated fair value		5,228			3,474			3,197			2,817			3,045
Trading securities, at estimated fair value		883			787			946			922			1,471
Mortgage and consumer loans:
Held-for-investment, at amortized cost		47,979			49,182			49,352			49,074			48,229
Held-for-sale, principally at estimated fair value		179			1,424			2,012			3,970			4,271
Mortgage and consumer loans, net		48,158			50,606			51,364			53,044			52,500
Policy loans		9,683			9,742			9,802			9,851			9,907
Real estate and real estate joint ventures		7,292			7,514			7,585			7,380			7,295
Real estate held-for-sale		36			41			1			1			1
Other limited partnership interests		6,707			6,353			6,039			5,365			5,193
Short-term investments		1,929			2,570			13,878			10,896			8,117
Other invested assets		8,617			9,755			17,248			15,130			13,071
Total investments		319,546			302,967			298,311			296,821			312,163
Cash and cash equivalents		13,414			20,181			24,207			19,424			13,213
Accrued investment income		3,207			3,266			3,061			3,142			3,019
Premiums and other receivables		14,056			17,843			16,973			18,514			16,730
Deferred policy acquisition costs and value of business acquired		18,879			20,119			20,144			20,754			20,323
Current income tax recoverable		712			763			—			—			253
Deferred income tax assets		—			1,631			4,927			6,349			3,856
Goodwill		5,065			5,036			5,008			5,010			5,036
Other assets		8,175			8,822			7,262			7,028			7,896
Assets of subsidiaries held-for-sale		23,732			887			946			—			—
Separate account assets		149,686			139,803			120,839			114,366			126,968
Total assets	$	556,472		$	521,318		$	501,678		$	491,408		$	509,457
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Future policy benefits	$	127,539		$	128,589		$	130,555		$	131,609		$	132,823
Policyholder account balances		136,720			138,779			149,805			148,568			147,883
Other policyholder funds		8,223			8,273			7,762			8,136			8,319
Policyholder dividends payable		1,034			1,073			1,023			846			881
Short-term debt		623			1,106			2,659			5,878			4,757
Long-term debt		9,167			10,810			9,667			11,042			12,940
Collateral financing arrangements		4,997			5,132			5,192			5,242			5,297
Junior subordinated debt securities		4,825			3,759			3,758			2,691			2,691
Current income tax payable		—			—			342			635			—
Deferred income tax liability		261			—			—			—			—
Payables for collateral under securities loaned and other transactions		45,979			43,300			31,059			24,341			24,607
Other liabilities		13,117			11,903			14,284			14,625			14,679
Liabilities of subsidiaries held-for-sale		20,098			750			748			—			—
Separate account liabilities		149,686			139,803			120,839			114,366			126,968
Total liabilities		522,269			493,277			477,693			467,979			481,845
Stockholders’ Equity
Preferred stock, at par value		1			1			1			1			1
Common stock, at par value		8			8			8			8			8
Additional paid-in capital		17,647			17,602			15,811			16,860			16,849
Retained earnings		21,441			22,041			22,403			21,829			20,472
Treasury stock, at cost		(4,047	)		(4,279	)		(236	)		(230	)		(203	)
Accumulated other comprehensive loss		(2,509	)		(7,540	)		(14,253	)		(15,358	)		(9,834	)
Total MetLife, Inc.’s stockholders’ equity		32,541			27,833			23,734			23,110			27,293
Noncontrolling interests		1,662			208			251			319			319
Total equity		34,203			28,041			23,985			23,429			27,612
Total liabilities and stockholders’ equity	$	556,472		$	521,318		$	501,678		$	491,408		$	509,457

3

METLIFE, INC.

CONSOLIDATED STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended
	June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009
REVENUES
Premiums	$	6,340		$	6,785		$	6,498		$	6,122		$	6,576
Universal life and investment-type product policy fees		1,399			1,352			1,220			1,189			1,227
Investment income, net		4,297			4,013			3,621			3,274			3,859
Other revenues		351			421			445			554			572
Total revenues		12,387			12,571			11,784			11,139			12,234
EXPENSES
Policyholder benefits and dividends		7,190			7,616			7,316			6,979			7,388
Interest credited to policyholder account balances		1,184			1,121			1,220			1,170			1,229
Interest credited to bank deposits		39			40			43			43			40
Interest expenses		253			253			276			245			256
Other expenses		2,455			2,629			2,758			2,517			2,340
Total expenses		11,121			11,659			11,613			10,954			11,253
Operating earnings before provision for income tax		1,266			912			171			185			981
Provision for income tax		348			274			8			24			227
Operating earnings		918			638			163			161			754
Preferred stock dividends		31			30			31			30			31
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	887		$	608		$	132		$	131		$	723
Net Income Reconciliation
Operating earnings available to common shareholders	$	887		$	608		$	132		$	131		$	723
Net investment gains (losses)		(346	)		776			2,165			(915	)		(3,957	)
Net investment gains (losses) tax benefit (provision)		115			(293	)		(804	)		325			1,394
Net investment gains (losses), net of income tax		(231	)		483			1,361			(590	)		(2,563	)
Adjustments related to universal life and investment-type product policy fees		(3	)		—			16			(6	)		(11	)
Adjustments related to policyholder benefits and dividends		165			(96	)		(123	)		(27	)		8
Adjustments related to other expenses		144			(1	)		(778	)		(183	)		625
Adjustments related to tax benefit (provision)		(109	)		36			308			74			(215	)
Adjustments related to net investment gains (losses), net of income tax (1)		197			(61	)		(577	)		(142	)		407
Adjustments related to acquisition costs, net of income tax		—			—			—			(9	)		—
Discontinued operations, net of income tax		62			(430	)		38			36			—
Net income (loss) available to MetLife, Inc.’s common shareholders		915			600			954			(574	)		(1,433	)
Preferred stock dividends		31			30			31			30			31
Net income (loss) attributable to MetLife, Inc.		946			630			985			(544	)		(1,402	)
Net income (loss) attributable to noncontrolling interests		50			16			(8	)		(4	)		(16	)
Net income (loss)	$	996		$	646		$	977		$	(548	)	$	(1,418	)
Premiums, Fees and Other Revenues	$	8,090		$	8,558		$	8,163		$	7,865		$	8,375

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of unearned revenue and deferred policy acquisition costs, adjustments to the policyholder dividend obligation and amounts allocable to certain participating contracts.

4

METLIFE, INC.

CONSOLIDATING BALANCE SHEETS

	June 30, 2009
																Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			International			Auto & Home			& Eliminations
ASSETS
Total investments	$	312,163		$	128,920		$	121,948		$	16,855		$	3,438		$	41,002
Cash and cash equivalents		13,213			1,239			2,733			1,430			(72	)		7,883
Accrued investment income		3,019			1,070			1,253			260			54			382
Premiums and other receivables		16,730			4,993			3,228			951			911			6,647
Deferred policy acquisition costs and value of business acquired		20,323			1,027			16,512			2,600			179			5
Current income tax recoverable		253			(450	)		554			154			19			(24	)
Deferred income tax assets		3,856			4,693			(1,159	)		(57	)		194			185
Goodwill		5,036			1,051			2,955			403			157			470
Other assets		7,896			2,118			2,597			428			359			2,394
Separate account assets		126,968			43,492			77,848			5,628			—			—
Total assets	$	509,457		$	188,153		$	228,469		$	28,652		$	5,239		$	58,944
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	132,823		$	55,736		$	58,584		$	10,200		$	3,011		$	5,292
Policyholder account balances		147,883			68,338			65,560			6,123			—			7,862
Other policyholder funds		8,319			3,345			3,077			1,462			46			389
Policyholder dividends payable		881			—			881			—			—			—
Short-term debt		4,757			—			—			—			—			4,757
Long-term debt		12,940			—			90			261			—			12,589
Collateral financing arrangements		5,297			—			—			—			—			5,297
Junior subordinated debt securities		2,691			—			—			—			—			2,691
Payables for collateral under securities loaned and other transactions		24,607			8,048			10,246			22			—			6,291
Other liabilities		14,679			3,827			3,838			1,040			573			5,401
Separate account liabilities		126,968			43,492			77,848			5,628			—			—
Total liabilities		481,845			182,786			220,124			24,736			3,630			50,569
Stockholders’ Equity
Preferred stock, at par value		1			—			—			—			—			1
Common stock, at par value		8			—			—			—			—			8
Allocated equity (1)		37,321			10,544			10,935			3,932			1,833			10,077
Treasury stock, at cost		(203	)		—			—			—			—			(203	)
Accumulated other comprehensive loss		(9,834	)		(5,176	)		(2,590	)		(191	)		(224	)		(1,653	)
Total MetLife, Inc.’s stockholders’ equity		27,293			5,368			8,345			3,741			1,609			8,230
Noncontrolling interests		319			(1	)		—			175			—			145
Total equity		27,612			5,367			8,345			3,916			1,609			8,375
Total liabilities and stockholders’ equity	$	509,457		$	188,153		$	228,469		$	28,652		$	5,239		$	58,944

(1) Allocated equity includes additional paid-in capital and retained earnings.

5

METLIFE, INC.

CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended June 30, 2009
																Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			International			Auto & Home			& Eliminations
REVENUES
Premiums	$	6,576		$	3,904		$	1,165		$	777		$	726		$	4
Universal life and investment-type product policy fees		1,227			226			775			226			—			—
Investment income, net		3,859			1,557			1,762			359			49			132
Other revenues		572			166			116			2			5			283
Total revenues		12,234			5,853			3,818			1,364			780			419
EXPENSES
Policyholder benefits and dividends		7,388			4,302			1,990			600			492			4
Interest credited to policyholder account balances		1,229			461			609			159			—			—
Capitalization of deferred policy acquisition costs		(757	)		(56	)		(448	)		(140	)		(113	)		—
Amortization of deferred policy acquisition costs		332			46			76			98			111			1
Other expenses		3,061			637			1,173			437			194			620
Total expenses		11,253			5,390			3,400			1,154			684			625
Operating earnings before provision for income tax		981			463			418			210			96			(206	)
Provision for income tax expense (benefit)		227			157			142			52			20			(144	)
Operating earnings		754			306			276			158			76			(62	)
Preferred stock dividends		31			—			—			—			—			31
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	723		$	306		$	276		$	158		$	76		$	(93	)
Net Income Reconciliation
Operating earnings available to common shareholders	$	723		$	306		$	276		$	158		$	76		$	(93	)
Net investment gains (losses)		(3,957	)		(1,299	)		(1,548	)		(603	)		(8	)		(499	)
Net investment gains (losses) tax benefit (provision)		1,394			457			542			212			3			180
Net investment gains (losses), net of income tax		(2,563	)		(842	)		(1,006	)		(391	)		(5	)		(319	)
Adjustments related to universal life and investment-type product policy fees		(11	)		—			(11	)		—			—			—
Adjustments related to policyholder benefits and dividends		8			(31	)		—			39			—			—
Adjustments related to other expenses		625			—			625			—			—			—
Adjustments related to tax benefit (provision)		(215	)		12			(216	)		(11	)		—			—
Adjustments related to net investment gains (losses), net of income tax (1)		407			(19	)		398			28			—			—
Adjustments related to acquisition costs, net of income tax		—			—			—			—			—			—
Discontinued operations, net of income tax		—			—			—			—			—			—
Net income (loss) available to MetLife, Inc.’s common shareholders		(1,433	)		(555	)		(332	)		(205	)		71			(412	)
Preferred stock dividends		31			—			—			—			—			31
Net income (loss) attributable to MetLife, Inc.		(1,402	)		(555	)		(332	)		(205	)		71			(381	)
Net loss attributable to noncontrolling interests		(16	)		—			—			(9	)		—			(7	)
Net income (loss)	$	(1,418	)	$	(555	)	$	(332	)	$	(214	)	$	71		$	(388	)
Premiums, Fees and Other Revenues	$	8,375		$	4,296		$	2,056		$	1,005		$	731		$	287

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of unearned revenue and deferred policy acquisition costs, adjustments to the policyholder dividend obligation and amounts allocable to certain participating contracts.

6

METLIFE, INC.

CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended June 30, 2008
																Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			International			Auto & Home			& Eliminations
REVENUES
Premiums	$	6,340		$	3,599		$	1,067		$	920		$	742		$	12
Universal life and investment-type product policy fees		1,399			208			898			293			—			—
Investment income, net		4,297			1,939			1,690			381			50			237
Other revenues		351			171			154			6			10			10
		12,387			5,917			3,809			1,600			802			259
EXPENSES
Policyholder benefits and dividends		7,190			4,048			1,757			830			541			14
Interest credited to policyholder account balances		1,184			601			494			89			—			—
Capitalization of deferred policy acquisition costs		(775	)		(66	)		(388	)		(203	)		(116	)		(2	)
Amortization of deferred policy acquisition costs		648			46			386			99			115			2
Other expenses		2,874			612			1,078			574			206			404
		11,121			5,241			3,327			1,389			746			418
Operating earnings before provision for income tax		1,266			676			482			211			56			(159	)
Provision for income tax		348			228			160			59			4			(103	)
Operating earnings		918			448			322			152			52			(56	)
Preferred stock dividends		31			—			—			—			—			31
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	887		$	448		$	322		$	152		$	52		$	(87	)
Net Income Reconciliation
Operating earnings available to common shareholders	$	887		$	448		$	322		$	152		$	52		$	(87	)
Net investment gains (losses)		(346	)		122			(256	)		(161	)		(13	)		(38	)
Net investment gains (losses) tax benefit (provision)		115			(41	)		89			48			4			15
Net investment gains (losses), net of income tax		(231	)		81			(167	)		(113	)		(9	)		(23	)
Adjustments related to universal life and investment-type product policy fees		(3	)		—			(3	)		—			—			—
Adjustments related to policyholder benefits and dividends		165			32			(77	)		210			—			—
Adjustments related to other expenses		144			—			144			—			—			—
Adjustments related to tax benefit (provision)		(109	)		(12	)		(21	)		(76	)		—			—
Adjustments related to net investment gains (losses), net of income tax (1)		197			20			43			134			—			—
Adjustments related to acquisition costs, net of income tax		—			—			—			—			—			—
Discontinued operations, net of income tax		62			—			1			—			—			61
Net income available to MetLife, Inc.’s common shareholders		915			549			199			173			43			(49	)
Preferred stock dividends		31			—			—			—			—			31
Net income attributable to MetLife, Inc.		946			549			199			173			43			(18	)
Net income (loss) attributable to noncontrolling interests		50			—			—			(6	)		—			56
Net income	$	996		$	549		$	199		$	167		$	43		$	38
Premiums, Fees and Other Revenues	$	8,090		$	3,978		$	2,119		$	1,219		$	752		$	22

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of unearned revenue and deferred policy acquisition costs, adjustments to the policyholder dividend obligation and amounts allocable to certain participating contracts.

7

METLIFE, INC.

CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Six Months Ended June 30, 2009
																Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			International			Auto & Home			& Eliminations
REVENUES
Premiums	$	12,698		$	7,444		$	2,302		$	1,498		$	1,448		$	6
Universal life and investment-type product policy fees		2,416			434			1,546			436			—			—
Investment income, net		7,133			3,005			3,330			527			89			182
Other revenues		1,126			337			221			4			14			550
		23,373			11,220			7,399			2,465			1,551			738
EXPENSES
Policyholder benefits and dividends		14,367			8,255			3,990			1,148			971			3
Interest credited to policyholder account balances		2,399			973			1,189			237			—			—
Capitalization of deferred policy acquisition costs		(1,543	)		(113	)		(928	)		(285	)		(217	)		—
Amortization of deferred policy acquisition costs		1,078			97			565			193			221			2
Other expenses		5,906			1,244			2,317			775			381			1,189
		22,207			10,456			7,133			2,068			1,356			1,194
Operating earnings before provision for income tax		1,166			764			266			397			195			(456	)
Provision (benefit) for income tax		251			258			88			108			43			(246	)
Operating earnings		915			506			178			289			152			(210	)
Preferred stock dividends		61			—			—			—			—			61
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	854		$	506		$	178		$	289		$	152		$	(271	)
Net Income Reconciliation
Operating earnings available to common shareholders	$	854		$	506		$	178		$	289		$	152		$	(271	)
Net investment gains (losses)		(4,872	)		(3,068	)		(1,535	)		(123	)		23			(169	)
Net investment gains (losses) tax benefit (provision)		1,719			1,072			535			57			(8	)		63
Net investment gains (losses), net of income tax		(3,153	)		(1,996	)		(1,000	)		(66	)		15			(106	)
Adjustments related to universal life and investment-type product policy fees		(17	)		—			(17	)		—			—			—
Adjustments related to policyholder benefits and dividends		(19	)		(25	)		(11	)		17			—			—
Adjustments related to other expenses		442			—			442			—			—			—
Adjustments related to tax benefit (provision)		(141	)		9			(145	)		(5	)		—			—
Adjustments related to net investment gains (losses), net of income tax (1)		265			(16	)		269			12			—			—
Adjustments related to acquisition costs, net of income tax		(9	)		—			—			—			—			(9	)
Discontinued operations, net of income tax		36			—			24			—			—			12
Net income (loss) available to MetLife, Inc.’s common shareholders		(2,007	)		(1,506	)		(529	)		235			167			(374	)
Preferred stock dividends		61			—			—			—			—			61
Net income (loss) attributable to MetLife, Inc.		(1,946	)		(1,506	)		(529	)		235			167			(313	)
Net loss attributable to noncontrolling interests		(20	)		—			—			(14	)		—			(6	)
Net income (loss)	$	(1,966	)	$	(1,506	)	$	(529	)	$	221		$	167		$	(319	)
Premiums, Fees and Other Revenues	$	16,240		$	8,215		$	4,069		$	1,938		$	1,462		$	556

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of unearned revenue and deferred policy acquisition costs, adjustments to the policyholder dividend obligation and amounts allocable to certain participating contracts.

8

METLIFE, INC.

CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Six Months Ended June 30, 2008
																Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			International			Auto & Home			& Eliminations
REVENUES
Premiums	$	12,631		$	7,172		$	2,130		$	1,824		$	1,487		$	18
Universal life and investment-type product policy fees		2,791			432			1,776			583			—			—
Investment income, net		8,566			3,965			3,375			635			101			490
Other revenues		720			361			303			13			21			22
		24,708			11,930			7,584			3,055			1,609			530
EXPENSES
Policyholder benefits and dividends		14,075			7,974			3,465			1,592			1,020			24
Interest credited to policyholder account balances		2,402			1,270			996			136			—			—
Capitalization of deferred policy acquisition costs		(1,536	)		(125	)		(742	)		(442	)		(223	)		(4	)
Amortization of deferred policy acquisition costs		1,340			90			803			212			230			5
Other expenses		5,599			1,201			2,111			1,130			401			756
		21,880			10,410			6,633			2,628			1,428			781
Operating earnings before provision for income tax		2,828			1,520			951			427			181			(251	)
Provision for income tax		810			514			317			144			31			(196	)
Operating earnings		2,018			1,006			634			283			150			(55	)
Preferred stock dividends		64			—			—			—			—			64
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	1,954		$	1,006		$	634		$	283		$	150		$	(119	)
Net Income Reconciliation
Operating earnings available to common shareholders	$	1,954		$	1,006		$	634		$	283		$	150		$	(119	)
Net investment gains (losses)		(1,064	)		(622	)		(354	)		(10	)		(24	)		(54	)
Net investment gains (losses) tax benefit (provision)		364			219			124			(8	)		8			21
Net investment gains (losses), net of income tax		(700	)		(403	)		(230	)		(18	)		(16	)		(33	)
Adjustments related to universal life and investment-type product policy fees		2			—			2			—			—			—
Adjustments related to policyholder benefits and dividends		38			47			(154	)		145			—			—
Adjustments related to other expenses		258			—			258			—			—			—
Adjustments related to tax benefit (provision)		(103	)		(17	)		(35	)		(51	)		—			—
Adjustments related to net investment gains (losses), net of income tax (1)		195			30			71			94			—			—
Adjustments related to acquisition costs, net of income tax		—			—			—			—			—			—
Discontinued operations, net of income tax		81			—			—			—			—			81
Net income available to MetLife, Inc.’s common shareholders		1,530			633			475			359			134			(71	)
Preferred stock dividends		64			—			—			—			—			64
Net income attributable to MetLife, Inc.		1,594			633			475			359			134			(7	)
Net income (loss) attributable to noncontrolling interests		62			1			—			(11	)		—			72
Net income	$	1,656		$	634		$	475		$	348		$	134		$	65
Premiums, Fees and Other Revenues	$	16,142		$	7,965		$	4,209		$	2,420		$	1,508		$	40

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of unearned revenue and deferred policy acquisition costs, adjustments to the policyholder dividend obligation and amounts allocable to certain participating contracts.

9

METLIFE, INC.

SUMMARY OF SEGMENT OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS (1)

	For the Three Months Ended
	June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009
INSTITUTIONAL	$	448		$	396		$	272		$	200		$	306
INDIVIDUAL		322			215			(106	)		(98	)		276
INTERNATIONAL		152			118			78			131			158
AUTO & HOME		52			101			112			76			76
CORPORATE, OTHER & ELIMINATIONS		(87	)		(222	)		(224	)		(178	)		(93	)
CONSOLIDATED	$	887		$	608		$	132		$	131		$	723

(1) A reconciliation of operating earnings available to common shareholders to net income for each segment appears in this QFS as follows: (i) Institutional Operations, page 11; (ii) Individual Operations, page 18; (iii) International Operations, page 28; (iv) Auto & Home Operations, page 32; and (v) Corporate, Other & Eliminations, page 36. A consolidated reconciliation of operating earnings available to common shareholders to net income for MetLife, Inc. appears on page 4.

10

INSTITUTIONAL

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended															For the Year-to-Date Period Ended
	June 30,			September 30,			December 31,			March 31,			June 30,			June 30,			June 30,
Unaudited (In millions, except number of sales representatives)	2008			2008			2008			2009			2009			2008			2009
REVENUES
Premiums	$	3,599		$	4,065		$	3,727		$	3,540		$	3,904		$	7,172		$	7,444
Universal life and investment-type product policy fees		208			215			239			208			226			432			434
Investment income, net		1,939			1,850			1,686			1,448			1,557			3,965			3,005
Other revenues		171			223			191			171			166			361			337
Total revenues		5,917			6,353			5,843			5,367			5,853			11,930			11,220
EXPENSES
Policyholder benefits and dividends		4,048			4,519			4,157			3,953			4,302			7,974			8,255
Interest credited to policyholder account balances		601			623			644			512			461			1,270			973
Other expenses		592			612			630			601			627			1,166			1,228
Total expenses		5,241			5,754			5,431			5,066			5,390			10,410			10,456
Operating earnings before provision for income tax		676			599			412			301			463			1,520			764
Provision for income tax		228			203			140			101			157			514			258
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	448		$	396		$	272		$	200		$	306		$	1,006		$	506
Net Income Reconciliation
Operating earnings available to common shareholders	$	448		$	396		$	272		$	200		$	306		$	1,006		$	506
Net investment gains (losses)		122			215			571			(1,769	)		(1,299	)		(622	)		(3,068	)
Net investment gains (losses) tax benefit (provision)		(41	)		(74	)		(202	)		615			457			219			1,072
Net investment gains (losses), net of income tax		81			141			369			(1,154	)		(842	)		(403	)		(1,996	)
Adjustments related to universal life and investment-type product policy fees		—			—			—			—			—			—			—
Adjustments related to policyholder benefits and dividends		32			57			21			6			(31	)		47			(25	)
Adjustments related to other expenses		—			—			—			—			—			—			—
Adjustments related to tax benefit (provision)		(12	)		(20	)		(7	)		(3	)		12			(17	)		9
Adjustments related to net investment gains (losses), net of income tax (1)		20			37			14			3			(19	)		30			(16	)
Adjustments related to acquisition costs, net of income tax		—			—			—			—			—			—			—
Discontinued operations, net of income tax		—			—			—			—			—			—			—
Net income (loss) available to MetLife, Inc.’s common shareholders		549			574			655			(951	)		(555	)		633			(1,506	)
Preferred stock dividends		—			—			—			—			—			—			—
Net income (loss) attributable to MetLife, Inc.		549			574			655			(951	)		(555	)		633			(1,506	)
Net income (loss) attributable to noncontrolling interests		—			—			(1	)		—			—			1			—
Net income (loss)	$	549		$	574		$	654		$	(951	)	$	(555	)	$	634		$	(1,506	)
Premiums, Fees and Other Revenues	$	3,978		$	4,503		$	4,157		$	3,919		$	4,296		$	7,965		$	8,215
Actual Number of Sales Representatives		647			628			632			596			593

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of deferred policy acquisition costs and amounts allocable to certain participating contracts.

11

INSTITUTIONAL
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
GROUP LIFE

	For the Three Months Ended															For the Year-to-Date Period Ended
	June 30,			September 30,			December 31,			March 31,			June 30,			June 30,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009			2008			2009
REVENUES
Premiums	$	1,693		$	1,666		$	1,645		$	1,750		$	1,756		$	3,335		$	3,506
Universal life and investment-type product policy fees		205			211			234			205			223			425			428
Investment income, net		341			315			293			284			291			675			575
Other revenues		16			19			37			14			14			32			28
Total revenues		2,255			2,211			2,209			2,253			2,284			4,467			4,537
EXPENSES
Policyholder benefits and dividends		1,751			1,692			1,721			1,817			1,823			3,487			3,640
Interest credited to policyholder account balances		122			121			119			115			115			250			230
Other expenses		176			178			192			171			180			344			351
Total expenses		2,049			1,991			2,032			2,103			2,118			4,081			4,221
Operating earnings before provision for income tax		206			220			177			150			166			386			316
Provision for income tax		70			75			60			51			57			131			108
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	136		$	145		$	117		$	99		$	109		$	255		$	208
Net Income Reconciliation
Operating earnings available to common shareholders	$	136		$	145		$	117		$	99		$	109		$	255		$	208
Net investment gains (losses)		1			50			(131	)		(167	)		(189	)		(176	)		(356	)
Net investment gains (losses) tax benefit (provision)		—			(18	)		46			58			66			62			124
Net investment gains (losses), net of income tax		1			32			(85	)		(109	)		(123	)		(114	)		(232	)
Adjustments related to universal life and investment-type product policy fees		—			—			—			—			—			—			—
Adjustments related to policyholder benefits and dividends		—			1			2			5			(2	)		2			3
Adjustments related to other expenses		—			—			—			—			—			—			—
Adjustments related to tax benefit (provision)		—			—			(1	)		(2	)		1			(1	)		(1	)
Adjustments related to net investment gains (losses), net of income tax (1)		—			1			1			3			(1	)		1			2
Adjustments related to acquisition costs, net of income tax		—			—			—			—			—			—			—
Discontinued operations, net of income tax		—			—			—			—			—			—			—
Net income (loss) available to MetLife, Inc.’s common shareholders		137			178			33			(7	)		(15	)		142			(22	)
Preferred stock dividends		—			—			—			—			—			—			—
Net income (loss) attributable to MetLife, Inc.		137			178			33			(7	)		(15	)		142			(22	)
Net income attributable to noncontrolling interests		—			—			—			—			—			—			—
Net income (loss)	$	137		$	178		$	33		$	(7	)	$	(15	)	$	142		$	(22	)
Premiums, Fees and Other Revenues	$	1,914		$	1,896		$	1,916		$	1,969		$	1,993		$	3,792		$	3,962
Incurred Loss Ratio (Mortality Experience) of Term Life		91.3	%		90.7	%		93.3	%		92.9	%		91.3	%

12

INSTITUTIONAL
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
RETIREMENT & SAVINGS

	For the Three Months Ended															For the Year-to-Date Period Ended
	June 30,			September 30,			December 31,			March 31,			June 30,			June 30,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009			2008			2009
REVENUES
Premiums	$	494		$	994		$	632		$	319		$	693		$	1,034		$	1,012
Universal life and investment-type product policy fees		1			2			1			—			1			3			1
Investment income, net		1,406			1,359			1,239			1,028			1,088			2,908			2,116
Other revenues		59			103			56			59			55			123			114
Total revenues		1,960			2,458			1,928			1,406			1,837			4,068			3,243
EXPENSES
Policyholder benefits and dividends		1,072			1,574			1,185			850			1,193			2,074			2,043
Interest credited to policyholder account balances		473			496			518			391			340			1,008			731
Other expenses		85			93			99			89			102			171			191
Total expenses		1,630			2,163			1,802			1,330			1,635			3,253			2,965
Operating earnings before provision for income tax		330			295			126			76			202			815			278
Provision for income tax		111			100			42			25			68			275			93
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	219		$	195		$	84		$	51		$	134		$	540		$	185
Net Income Reconciliation
Operating earnings available to common shareholders	$	219		$	195		$	84		$	51		$	134		$	540		$	185
Net investment gains (losses)		213			(34	)		(1,091	)		(722	)		(714	)		(458	)		(1,436	)
Net investment gains (losses) tax benefit (provision)		(73	)		14			379			250			252			161			502
Net investment gains (losses), net of income tax		140			(20	)		(712	)		(472	)		(462	)		(297	)		(934	)
Adjustments related to universal life and investment-type product policy fees		—			—			—			—			—			—			—
Adjustments related to policyholder benefits and dividends		19			33			15			(1	)		(28	)		25			(29	)
Adjustments related to other expenses		—			—			—			—			—			—			—
Adjustments related to tax benefit (provision)		(8	)		(11	)		(5	)		—			10			(9	)		10
Adjustments related to net investment gains (losses), net of income tax (1)		11			22			10			(1	)		(18	)		16			(19	)
Adjustments related to acquisition costs, net of income tax		—			—			—			—			—			—			—
Discontinued operations, net of income tax		—			—			—			—			—			—			—
Net income (loss) available to MetLife, Inc.’s common shareholders		370			197			(618	)		(422	)		(346	)		259			(768	)
Preferred stock dividends		—			—			—			—			—			—			—
Net income (loss) attributable to MetLife, Inc.		370			197			(618	)		(422	)		(346	)		259			(768	)
Net income (loss) attributable to noncontrolling interests		—			—			(1	)		—			—			1			—
Net income (loss)	$	370		$	197		$	(619	)	$	(422	)	$	(346	)	$	260		$	(768	)
Premiums, Fees and Other Revenues	$	554		$	1,099		$	689		$	378		$	749		$	1,160		$	1,127

13

INSTITUTIONAL
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
NON-MEDICAL HEALTH & OTHER

	For the Three Months Ended															For the Year-to-Date Period Ended
	June 30,			September 30,			December 31,			March 31,			June 30,			June 30,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009			2008			2009
REVENUES
Premiums	$	1,412		$	1,405		$	1,450		$	1,471		$	1,455		$	2,803		$	2,926
Universal life and investment-type product policy fees		2			2			4			3			2			4			5
Investment income, net		192			176			154			136			178			382			314
Other revenues		96			101			98			98			97			206			195
Total revenues		1,702			1,684			1,706			1,708			1,732			3,395			3,440
EXPENSES
Policyholder benefits and dividends		1,225			1,253			1,251			1,286			1,286			2,413			2,572
Interest credited to policyholder account balances		6			6			7			6			6			12			12
Other expenses		331			341			339			341			345			651			686
Total expenses		1,562			1,600			1,597			1,633			1,637			3,076			3,270
Operating earnings before provision for income tax		140			84			109			75			95			319			170
Provision for income tax		47			28			38			25			32			108			57
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	93		$	56		$	71		$	50		$	63		$	211		$	113
Net Income Reconciliation
Operating earnings available to common shareholders	$	93		$	56		$	71		$	50		$	63		$	211		$	113
Net investment gains (losses)		(92	)		199			1,793			(880	)		(396	)		12			(1,276	)
Net investment gains (losses) tax benefit (provision)		32			(70	)		(627	)		307			139			(4	)		446
Net investment gains (losses), net of income tax		(60	)		129			1,166			(573	)		(257	)		8			(830	)
Adjustments related to universal life and investment-type product policy fees		—			—			—			—			—			—			—
Adjustments related to policyholder benefits and dividends		13			23			4			2			(1	)		20			1
Adjustments related to other expenses		—			—			—			—			—			—			—
Adjustments related to tax benefit (provision)		(4	)		(9	)		(1	)		(1	)		1			(7	)		—
Adjustments related to net investment gains (losses), net of income tax (1)		9			14			3			1			—			13			1
Adjustments related to acquisition costs, net of income tax		—			—			—			—			—			—			—
Discontinued operations, net of income tax		—			—			—			—			—			—			—
Net income (loss) available to MetLife, Inc.’s common shareholders		42			199			1,240			(522	)		(194	)		232			(716	)
Preferred stock dividends		—			—			—			—			—			—			—
Net income (loss) attributable to MetLife, Inc.		42			199			1,240			(522	)		(194	)		232			(716	)
Net income attributable to noncontrolling interests		—			—			—			—			—			—			—
Net income (loss)	$	42		$	199		$	1,240		$	(522	)	$	(194	)	$	232		$	(716	)
Premiums, Fees and Other Revenues	$	1,510		$	1,508		$	1,552		$	1,572		$	1,554		$	3,013		$	3,126
Group Disability Premiums, Fees and Other Revenues (Included in Total)	$	404		$	395		$	418		$	404		$	377		$	842		$	781
Incurred Loss Ratio (Morbidity Experience) of Group Disability		89.7	%		95.6	%		92.9	%		86.0	%		87.6	%

14

INSTITUTIONAL

FUTURE POLICY BENEFITS, POLICYHOLDER ACCOUNT BALANCES AND SEPARATE ACCOUNT LIABILITIES

FUTURE POLICY BENEFITS AND POLICYHOLDER ACCOUNT BALANCES

GROUP LIFE
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	17,637		$	17,899		$	17,648		$	17,390		$	17,652
Premiums and deposits			3,697			3,299			3,163			3,429			3,495
Interest on reserves			146			163			162			147			157
Surrenders and withdrawals			(1,597	)		(1,805	)		(1,702	)		(1,408	)		(1,447	)
Benefits and reserves			(1,750	)		(1,691	)		(1,713	)		(1,815	)		(1,815	)
Other			(234	)		(217	)		(168	)		(91	)		(155	)
Balance, end of period		$	17,899		$	17,648		$	17,390		$	17,652		$	17,887

RETIREMENT & SAVINGS
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	92,653		$	94,202		$	95,834		$	101,107		$	95,666
Premiums and deposits			9,267			12,761			19,552			13,099			16,263
Interest on reserves			1,151			1,051			1,081			1,064			1,003
Surrenders and withdrawals			(7,329	)		(10,512	)		(15,120	)		(18,167	)		(17,917	)
Benefits and reserves			(747	)		(802	)		(734	)		(726	)		(718	)
Other			(793	)		(866	)		494			(711	)		(689	)
Balance, end of period		$	94,202		$	95,834		$	101,107		$	95,666		$	93,608

NON-MEDICAL HEALTH & OTHER
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	11,301		$	11,539		$	11,822		$	12,120		$	12,367
Premiums and deposits			1,385			1,389			1,429			1,435			1,410
Interest on reserves			120			125			127			125			133
Surrenders and withdrawals			8			(2	)		(14	)		12			23
Benefits and reserves			(1,252	)		(1,281	)		(1,271	)		(1,308	)		(1,311	)
Other			(23	)		52			27			(17	)		(43	)
Balance, end of period		$	11,539		$	11,822		$	12,120		$	12,367		$	12,579

SEPARATE ACCOUNT LIABILITIES

GROUP LIFE
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	16,649		$	15,597		$	16,527		$	15,366		$	13,145
Premiums and deposits			167			132			236			118			63
Investment performance			(142	)		(627	)		(949	)		(170	)		557
Surrenders and withdrawals			(290	)		(144	)		(119	)		(782	)		(117	)
Policy charges			(35	)		(33	)		(34	)		(36	)		(99	)
Other			(752	)		1,602			(295	)		(1,351	)		(635	)
Balance, end of period		$	15,597		$	16,527		$	15,366		$	13,145		$	12,914

RETIREMENT & SAVINGS
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	34,510		$	33,482		$	32,628		$	30,783		$	29,899
Premiums and deposits			690			1,309			1,266			1,569			607
Investment performance			(229	)		(1,301	)		(235	)		(834	)		1,081
Surrenders and withdrawals			(1,228	)		(1,243	)		(1,482	)		(1,119	)		(1,009	)
Policy charges			(23	)		(21	)		(19	)		(19	)		(20	)
Other			(238	)		402			(1,375	)		(481	)		(812	)
Balance, end of period		$	33,482		$	32,628		$	30,783		$	29,899		$	29,746

NON-MEDICAL HEALTH & OTHER
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	645		$	667		$	705		$	763		$	793
Premiums and deposits			55			44			49			60			67
Investment performance			(16	)		(6	)		27			(15	)		23
Surrenders and withdrawals			(14	)		(4	)		(9	)		(18	)		(29	)
Policy charges			(4	)		(5	)		(9	)		(6	)		(5	)
Other			1			9			—			9			(17	)
Balance, end of period		$	667		$	705		$	763		$	793		$	832

15

INSTITUTIONAL

OTHER EXPENSES BY MAJOR CATEGORY

	For the Three Months Ended
		June 30,		September 30,		December 31,		March 31,		June 30,
Unaudited (In millions)		2008		2008		2008		2009		2009
Direct and allocated expenses		$	434	$	452	$	441	$	424	$	419
Pension and other post-retirement benefit costs			2		2		31		26		40
Premium tax and other tax, licenses and fees			54		58		44		53		60
			490		512		516		503		519
Commissions and other expenses			102		100		114		98		108
Total Other Expenses		$	592	$	612	$	630	$	601	$	627

16

INSTITUTIONAL

SPREADS BY PRODUCT

GROUP LIFE	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited		2008			2008			2008			2009			2009
Investment income yield			6.31	%		5.82	%		5.38	%		5.20	%		5.32	%
Average crediting rate			3.62	%		3.55	%		3.40	%		3.23	%		3.14	%
Annualized general account spread			2.69	%		2.27	%		1.98	%		1.97	%		2.18	%

RETIREMENT & SAVINGS	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited		2008			2008			2008			2009			2009
Investment income yield			5.88	%		5.69	%		4.95	%		3.99	%		4.43	%
Average crediting rate			4.59	%		4.73	%		4.71	%		4.16	%		4.09	%
Annualized general account spread			1.29	%		0.96	%		0.24	%		(0.17	%)		0.34	%

NON-MEDICAL HEALTH & OTHER	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited		2008			2008			2008			2009			2009
Investment income yield			6.20	%		5.34	%		4.25	%		3.60	%		5.01	%
Average crediting rate			4.84	%		4.85	%		4.73	%		4.68	%		4.76	%
Annualized general account spread			1.36	%		0.49	%		(0.48	%)		(1.08	%)		0.25	%

17

INDIVIDUAL

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September 30,			December 31,			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009				2008			2009
REVENUES
Premiums		$	1,067		$	1,074		$	1,277		$	1,137		$	1,165			$	2,130		$	2,302
Universal life and investment-type product policy fees			898			873			733			771			775				1,776			1,546
Investment income, net			1,690			1,645			1,509			1,568			1,762				3,375			3,330
Other revenues			154			147			121			105			116				303			221
Total revenues			3,809			3,739			3,640			3,581			3,818				7,584			7,399
EXPENSES
Policyholder benefits and dividends			1,757			1,744			1,991			2,000			1,990				3,465			3,990
Interest credited to policyholder account balances			494			492			540			580			609				996			1,189
Capitalization of deferred policy acquisition costs			(388	)		(398	)		(474	)		(480	)		(448	)			(742	)		(928	)
Amortization of deferred policy acquisition costs			386			509			665			489			76				803			565
Other expenses			1,078			1,070			1,078			1,144			1,173				2,111			2,317
Total expenses			3,327			3,417			3,800			3,733			3,400				6,633			7,133
Operating earnings before provision for income tax			482			322			(160	)		(152	)		418				951			266
Provision for income tax expense (benefit)			160			107			(54	)		(54	)		142				317			88
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		$	322		$	215		$	(106	)	$	(98	)	$	276			$	634		$	178
Net Income Reconciliation
Operating earnings available to common shareholders		$	322		$	215		$	(106	)	$	(98	)	$	276			$	634		$	178
Net investment gains (losses)			(256	)		353			652			13			(1,548	)			(354	)		(1,535	)
Net investment gains (losses) tax benefit (provision)			89			(126	)		(224	)		(7	)		542				124			535
Net investment gains (losses), net of income tax			(167	)		227			428			6			(1,006	)			(230	)		(1,000	)
Adjustments related to universal life and investment-type product policy fees			(3	)		—			16			(6	)		(11	)			2			(17	)
Adjustments related to policyholder benefits and dividends			(77	)		(71	)		(93	)		(11	)		—				(154	)		(11	)
Adjustments related to other expenses			144			(1	)		(778	)		(183	)		625				258			442
Adjustments related to tax benefit (provision)			(21	)		27			297			71			(216	)			(35	)		(145	)
Adjustments related to net investment gains (losses), net of income tax (1)			43			(45	)		(558	)		(129	)		398				71			269
Adjustments related to acquisition costs, net of income tax			—			—			—			—			—				—			—
Discontinued operations, net of income tax			1			3			(20	)		24			—				—			24
Net income (loss) available to MetLife, Inc.’s common shareholders			199			400			(256	)		(197	)		(332	)			475			(529	)
Preferred stock dividends			—			—			—			—			—				—			—
Net income (loss) attributable to MetLife, Inc.			199			400			(256	)		(197	)		(332	)			475			(529	)
Net income attributable to noncontrolling interests			—			—			—			—			—				—			—
Net income (loss)		$	199		$	400		$	(256	)	$	(197	)	$	(332	)		$	475		$	(529	)
Premiums, Fees and Other Revenues		$	2,119		$	2,094		$	2,131		$	2,013		$	2,056			$	4,209		$	4,069

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of unearned revenue and deferred policy acquisition costs, adjustments to policyholder dividend obligation and amounts allocated to certain participating contracts.

18

INDIVIDUAL
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
TRADITIONAL LIFE

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September			December			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions)		2008			30, 2008			31, 2008			2009			2009				2008			2009
REVENUES
Premiums		$	986		$	1,015		$	1,138		$	985		$	1,026			$	1,967		$	2,011
Universal life and investment-type product policy fees			—			—			—			—			1				—			1
Investment income, net			834			811			724			727			769				1,634			1,496
Other revenues			(1	)		2			—			1			2				—			3
Total revenues			1,819			1,828			1,862			1,713			1,798				3,601			3,511
EXPENSES
Policyholder benefits and dividends			1,448			1,468			1,566			1,474			1,545				2,877			3,019
Interest credited to policyholder account balances			—			—			—			—			—				—			—
Capitalization of deferred policy acquisition costs			(63	)		(66	)		(56	)		(76	)		(87	)			(121	)		(163	)
Amortization of deferred policy acquisition costs			45			56			51			9			55				90			64
Other expenses			244			238			241			254			279				475			533
Total expenses			1,674			1,696			1,802			1,661			1,792				3,321			3,453
Operating earnings before provision for income tax			145			132			60			52			6				280			58
Provision for income tax			47			43			20			17			2				91			19
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		$	98		$	89		$	40		$	35		$	4			$	189		$	39
Net Income Reconciliation
Operating earnings available to common shareholders		$	98		$	89		$	40		$	35		$	4			$	189		$	39
Net investment gains (losses)			12			(21	)		(31	)		78			(192	)			(129	)		(114	)
Net investment gains (losses) tax benefit (provision)			(4	)		5			15			(28	)		67				46			39
Net investment gains (losses), net of income tax			8			(16	)		(16	)		50			(125	)			(83	)		(75	)
Adjustments related to universal life and investment-type product policy fees			—			1			(1	)		—			—				—			—
Adjustments related to policyholder benefits and dividends			(77	)		(71	)		(93	)		(11	)		—				(154	)		(11	)
Adjustments related to other expenses			44			29			(96	)		(73	)		47				137			(26	)
Adjustments related to tax benefit (provision)			13			14			65			30			(17	)			8			13
Adjustments related to net investment gains (losses), net of income tax (1)			(20	)		(27	)		(125	)		(54	)		30				(9	)		(24	)
Adjustments related to acquisition costs, net of income tax			—			—			—			—			—				—			—
Discontinued operations, net of income tax			—			1			(5	)		5			—				(2	)		5
Net income (loss) available to MetLife, Inc.’s common shareholders			86			47			(106	)		36			(91	)			95			(55	)
Preferred stock dividends			—			—			—			—			—				—			—
Net income (loss) attributable to MetLife, Inc.			86			47			(106	)		36			(91	)			95			(55	)
Net income attributable to noncontrolling interests			—			—			—			—			—				—			—
Net income (loss)		$	86		$	47		$	(106	)	$	36		$	(91	)		$	95		$	(55	)
Premiums, Fees and Other Revenues		$	985		$	1,017		$	1,138		$	986		$	1,029			$	1,967		$	2,015

19

INDIVIDUAL
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
VARIABLE & UNIVERSAL LIFE

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September 30,			December 31,			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009				2008			2009
REVENUES
Premiums		$	—		$	—		$	—		$	—		$	—			$	—		$	—
Universal life and investment-type product policy fees			395			389			354			418			379				786			797
Investment income, net			214			210			187			179			232				432			411
Other revenues			1			4			—			—			2				2			2
Total revenues			610			603			541			597			613				1,220			1,210
EXPENSES
Policyholder benefits and dividends			140			146			154			201			92				297			293
Interest credited to policyholder account balances			154			157			155			159			161				304			320
Capitalization of deferred policy acquisition costs			(103	)		(95	)		(93	)		(75	)		(76	)			(203	)		(151	)
Amortization of deferred policy acquisition costs			115			135			46			154			65				243			219
Other expenses			212			214			206			191			191				427			382
Total expenses			518			557			468			630			433				1,068			1,063
Operating earnings before provision for income tax			92			46			73			(33	)		180				152			147
Provision for income tax expense (benefit)			30			15			25			(11	)		59				50			48
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		$	62		$	31		$	48		$	(22	)	$	121			$	102		$	99
Net Income Reconciliation
Operating earnings available to common shareholders		$	62		$	31		$	48		$	(22	)	$	121			$	102		$	99
Net investment gains (losses)			(26	)		(2	)		69			(130	)		(150	)			(60	)		(280	)
Net investment gains (losses) tax benefit (provision)			9			—			(24	)		45			53				21			98
Net investment gains (losses), net of income tax			(17	)		(2	)		45			(85	)		(97	)			(39	)		(182	)
Adjustments related to universal life and investment-type product policy fees			(3	)		(1	)		17			(6	)		(11	)			2			(17	)
Adjustments related to policyholder benefits and dividends			—			—			—			—			—				—			—
Adjustments related to other expenses			11			5			(29	)		25			34				10			59
Adjustments related to tax benefit (provision)			(3	)		(1	)		4			(6	)		(9	)			(4	)		(15	)
Adjustments related to net investment gains (losses), net of income tax			5			3			(8	)		13			14				8			27
Adjustments related to acquisition costs, net of income tax			—			—			—			—			—				—			—
Discontinued operations, net of income tax			1			2			(13	)		14			—				2			14
Net income (loss) available to MetLife, Inc.’s common shareholders			51			34			72			(80	)		38				73			(42	)
Preferred stock dividends			—			—			—			—			—				—			—
Net income (loss) attributable to MetLife, Inc.			51			34			72			(80	)		38				73			(42	)
Net income attributable to noncontrolling interests			—			—			—			—			—				—			—
Net income (loss)		$	51		$	34		$	72		$	(80	)	$	38			$	73		$	(42	)
Premiums, Fees and Other Revenues		$	396		$	393		$	354		$	418		$	381			$	788		$	799

20

INDIVIDUAL
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
ANNUITIES

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September 30,			December 31,			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009				2008			2009
REVENUES
Premiums		$	81		$	59		$	139		$	152		$	139			$	163		$	291
Universal life and investment-type product policy fees			444			430			338			315			352				875			667
Investment income, net			598			583			557			623			724				1,223			1,347
Other revenues			47			43			33			30			34				89			64
Total revenues			1,170			1,115			1,067			1,120			1,249				2,350			2,369
EXPENSES
Policyholder benefits and dividends			169			130			271			325			353				291			678
Interest credited to policyholder account balances			321			316			366			402			428				655			830
Capitalization of deferred policy acquisition costs			(222	)		(237	)		(325	)		(329	)		(285	)			(418	)		(614	)
Amortization of deferred policy acquisition costs			226			318			568			326			(44	)			470			282
Other expenses			455			463			495			578			575				879			1,153
Total expenses			949			990			1,375			1,302			1,027				1,877			2,329
Operating earnings before provision for income tax			221			125			(308	)		(182	)		222				473			40
Provision for income tax expense (benefit)			75			42			(104	)		(64	)		78				160			14
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		$	146		$	83		$	(204	)	$	(118	)	$	144			$	313		$	26
Net Income Reconciliation
Operating earnings available to common shareholders		$	146		$	83		$	(204	)	$	(118	)	$	144			$	313		$	26
Net investment gains (losses)			(230	)		365			629			100			(1,175	)			(129	)		(1,075	)
Net investment gains (losses) tax benefit (provision)			80			(128	)		(220	)		(36	)		411				45			375
Net investment gains (losses), net of income tax			(150	)		237			409			64			(764	)			(84	)		(700	)
Adjustments related to universal life and investment-type product policy fees			—			—			—			—			—				—			—
Adjustments related to policyholder benefits and dividends			—			—			—			—			—				—			—
Adjustments related to other expenses			89			(35	)		(653	)		(135	)		544				111			409
Adjustments related to tax benefit (provision)			(31	)		14			228			47			(190	)			(39	)		(143	)
Adjustments related to net investment gains (losses), net of income tax			58			(21	)		(425	)		(88	)		354				72			266
Adjustments related to acquisition costs, net of income tax			—			—			—			—			—				—			—
Discontinued operations, net of income tax			—			—			(2	)		1			—				—			1
Net income (loss) available to MetLife, Inc.’s common shareholders			54			299			(222	)		(141	)		(266	)			301			(407	)
Preferred stock dividends			—			—			—			—			—				—			—
Net income (loss) attributable to MetLife, Inc.			54			299			(222	)		(141	)		(266	)			301			(407	)
Net income attributable to noncontrolling interests			—			—			—			—			—				—			—
Net income (loss)		$	54		$	299		$	(222	)	$	(141	)	$	(266	)		$	301		$	(407	)
Premiums, Fees and Other Revenues		$	572		$	532		$	510		$	497		$	525			$	1,127		$	1,022

21

INDIVIDUAL
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
OTHER

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September 30,			December 31,			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009				2008			2009
REVENUES
Premiums		$	—		$	—		$	—		$	—		$	—			$	—		$	—
Universal life and investment-type product policy fees			59			54			41			38			43				115			81
Investment income, net			44			41			41			39			37				86			76
Other revenues			107			98			88			74			78				212			152
Total revenues			210			193			170			151			158				413			309
EXPENSES
Policyholder benefits and dividends			—			—			—			—			—				—			—
Interest credited to policyholder account balances			19			19			19			19			20				37			39
Capitalization of deferred policy acquisition costs			—			—			—			—			—				—			—
Amortization of deferred policy acquisition costs			—			—			—			—			—				—			—
Other expenses			167			155			136			121			128				330			249
Total expenses			186			174			155			140			148				367			288
Operating earnings before provision for income tax			24			19			15			11			10				46			21
Provision for income tax			8			7			5			4			3				16			7
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		$	16		$	12		$	10		$	7		$	7			$	30		$	14
Net Income Reconciliation
Operating earnings available to common shareholders		$	16		$	12		$	10		$	7		$	7			$	30		$	14
Net investment gains (losses)			(12	)		11			(15	)		(35	)		(31	)			(36	)		(66	)
Net investment gains (losses) tax benefit (provision)			4			(3	)		5			12			11				12			23
Net investment gains (losses), net of income tax			(8	)		8			(10	)		(23	)		(20	)			(24	)		(43	)
Adjustments related to universal life and investment-type product policy fees			—			—			—			—			—				—			—
Adjustments related to policyholder benefits and dividends			—			—			—			—			—				—			—
Adjustments related to other expenses			—			—			—			—			—				—			—
Adjustments related to tax benefit (provision)			—			—			—			—			—				—			—
Adjustments related to net investment gains (losses), net of income tax			—			—			—			—			—				—			—
Adjustments related to acquisition costs, net of income tax			—			—			—			—			—				—			—
Discontinued operations, net of income tax			—			—			—			4			—				—			4
Net income (loss) available to MetLife, Inc.’s common shareholders			8			20			—			(12	)		(13	)			6			(25	)
Preferred stock dividends			—			—			—			—			—				—			—
Net income (loss) attributable to MetLife, Inc.			8			20			—			(12	)		(13	)			6			(25	)
Net income attributable to noncontrolling interests			—			—			—			—			—				—			—
Net income (loss)		$	8		$	20		$	—		$	(12	)	$	(13	)		$	6		$	(25	)
Premiums, Fees and Other Revenues		$	166		$	152		$	129		$	112		$	121			$	327		$	233

22

INDIVIDUAL

PREMIUMS AND DEPOSITS BY PRODUCT (1)

	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Life First Year and Renewal, Annuity Type
Life First Year Premiums and Deposits (2)
Traditional Life		$	52		$	50		$	54		$	56		$	70
Variable Life 1st Year			41			46			37			32			35
Universal Life 1st Year			149			162			137			116			133
Total Life First Year Premiums & Deposits			242			258			228			204			238
Life Renewal Premiums and Deposits
Traditional Life			1,052			1,035			1,198			987			1,047
Variable & Universal Life			552			566			572			601			550
Total Life Renewal Premiums and Deposits			1,604			1,601			1,770			1,588			1,597
Annuities Deposits (3)
Fixed Annuity Deposits			277			499			4,122			3,645			949
Variable Annuity Deposits			3,538			3,787			3,424			3,737			4,507
Total Annuity Deposits			3,815			4,286			7,546			7,382			5,456
Total Premiums and Deposits		$	5,661		$	6,145		$	9,544		$	9,174		$	7,291
Separate Account and General Account
Separate Accounts
Variable & Universal Life		$	251		$	248		$	243		$	228		$	216
Variable Annuities			2,285			2,212			2,005			2,147			2,775
Total Separate Accounts			2,536			2,460			2,248			2,375			2,991
General Accounts
Traditional Life			1,104			1,085			1,252			1,043			1,117
Variable & Universal Life			491			526			503			521			502
Fixed Annuities			277			499			4,122			3,645			949
Variable Annuities			1,253			1,575			1,419			1,590			1,732
Total General Account			3,125			3,685			7,296			6,799			4,300
Total Premiums and Deposits		$	5,661		$	6,145		$	9,544		$	9,174		$	7,291
Percentage of Premiums and Deposits to Separate Accounts, Excluding Transfers from General Account
Variable & Universal Life			33.8	%		32.0	%		32.6	%		30.4	%		30.1	%
Annuities			59.9	%		51.6	%		26.6	%		29.1	%		50.9	%

(1)	Statutory premiums direct and assumed, excluding Company-sponsored internal exchanges.
(2)	Of the $238 million of Total Life First Year Premiums and Deposits received during the three months ended June 30, 2009, approximately 42% were distributed through MetLife agents, 17% through New England Financial agents, 40% through MetLife’s Third Party channels and 1% through other distribution channels.
(3)	Of the $5,456 million of Total Annuity Deposits received during the three months ended June 30, 2009, approximately 19% were distributed through MetLife agents, 6% through New England Financial agents, 66% through MetLife’s Third Party channels, 8% through MetLife Resources representatives and 1% through other distribution channels.

23

INDIVIDUAL

ADDITIONAL STATISTICAL INFORMATION

	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited		2008			2008			2008			2009			2009
Mortality as a Percentage of Expected			89.8	%		83.2	%		83.9	%		82.6	%		74.9	%
Lapse / Surrender (General and Separate Account) (1)
Traditional Life			5.9	%		5.9	%		6.1	%		6.4	%		6.7	%
Variable & Universal Life			5.5	%		5.5	%		5.7	%		6.2	%		6.6	%
Variable Annuities			9.7	%		9.5	%		9.5	%		9.3	%		8.6	%
Fixed Annuities			12.5	%		11.2	%		11.3	%		10.4	%		9.4	%
Actual Number of Sales Representatives
MetLife Distribution			7,123			7,160			7,066			7,204			7,071
New England Financial			2,278			2,335			2,278			2,316			2,332
MetLife Resources			734			701			703			661			659
Walnut Street and Tower Square Securities			1,371			1,361			1,329			1,333			1,307
Total Agents			11,506			11,557			11,376			11,514			11,369

(1) Lapse/Surrender rates are calculated for the most recent 12 months of experience, excluding Company-sponsored internal exchanges.

24

INDIVIDUAL

FUTURE POLICY BENEFITS, POLICYHOLDER ACCOUNT BALANCES AND SEPARATE ACCOUNT LIABILITIES

FUTURE POLICY BENEFITS AND POLICYHOLDER ACCOUNT BALANCES

TRADITIONAL LIFE
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	52,452		$	52,596		$	52,734		$	52,969		$	53,346
Premiums and deposits (1)			1,075			1,099			1,227			1,065			1,108
Interest on reserves			533			535			539			555			555
Surrenders and withdrawals			(459	)		(453	)		(491	)		(527	)		(541	)
Benefit payments			(546	)		(528	)		(541	)		(563	)		(534	)
Other			(459	)		(515	)		(499	)		(153	)		(498	)
Balance, end of period		$	52,596		$	52,734		$	52,969		$	53,346		$	53,436
VARIABLE & UNIVERSAL LIFE
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	15,720		$	15,849		$	16,046		$	16,191		$	16,451
Premiums and deposits (1) (2)			491			528			500			522			503
Interest on reserves			155			157			156			159			161
Surrenders and withdrawals			(135	)		(126	)		(181	)		(118	)		(167	)
Net transfers from (to) separate account			9			22			44			31			127
Policy charges			(378	)		(390	)		(389	)		(391	)		(394	)
Benefit payments			(39	)		(43	)		(30	)		(49	)		(35	)
Other			26			49			45			106			45
Balance, end of period		$	15,849		$	16,046		$	16,191		$	16,451		$	16,691
ANNUITIES
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	41,096		$	40,916		$	41,765		$	47,937		$	51,415
Premiums and deposits (1) (2)			1,635			2,127			5,622			5,335			2,768
Interest on reserves			401			405			457			495			529
Surrenders and withdrawals			(1,154	)		(1,130	)		(1,615	)		(1,413	)		(923	)
Net transfers from (to) separate account			(683	)		(315	)		1			(231	)		(1,217	)
Policy charges			(4	)		(6	)		(8	)		(11	)		(12	)
Benefit payments			(287	)		(267	)		(287	)		(315	)		(374	)
Other			(88	)		35			2,002			(382	)		(958	)
Balance, end of period		$	40,916		$	41,765		$	47,937		$	51,415		$	51,228

SEPARATE ACCOUNT LIABILITIES

VARIABLE & UNIVERSAL LIFE
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	9,928		$	9,798		$	8,831		$	7,192		$	6,742
Premiums and deposits (1)			296			273			257			228			216
Investment performance			(29	)		(914	)		(1,565	)		(351	)		755
Surrenders and withdrawals			(226	)		(156	)		(120	)		(145	)		(127	)
Net transfers from (to) fixed account			(9	)		(22	)		(44	)		(31	)		(127	)
Policy charges			(160	)		(159	)		(150	)		(150	)		(147	)
Other			(2	)		11			(17	)		(1	)		(2	)
Balance, end of period		$	9,798		$	8,831		$	7,192		$	6,742		$	7,310

ANNUITIES
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009
Balance, beginning of period		$	84,826		$	84,273		$	75,938		$	62,264		$	59,194
Premiums and deposits (1)			2,477			2,404			2,149			2,260			2,894
Investment performance			(930	)		(8,645	)		(13,820	)		(3,945	)		8,872
Surrenders and withdrawals			(2,397	)		(2,047	)		(1,723	)		(1,350	)		(1,317	)
Net transfers from (to) fixed account			683			315			(1	)		231			1,217
Policy charges			(384	)		(364	)		(288	)		(271	)		(322	)
Other			(2	)		2			9			5			—
Balance, end of period		$	84,273		$	75,938		$	62,264		$	59,194		$	70,538

(1)	Includes Company-sponsored internal exchanges.
(2)	Includes premiums and deposits directed to General Account investment option of a variable life or variable annuity product.

25

INDIVIDUAL

EXPENSES BY MAJOR CATEGORY

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September 30,			December 31,			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009				2008			2009
INSURANCE EXPENSES (NET OF CAPITALIZATION OF DAC)
Insurance expenses		$	920		$	929		$	1,009		$	1,037		$	1,044			$	1,790		$	2,081
DAC capitalization (1)			(402	)		(405	)		(485	)		(491	)		(458	)			(769	)		(949	)
Net		$	518		$	524		$	524		$	546		$	586			$	1,021		$	1,132
EXPENSES
Commissions		$	313		$	321		$	397		$	382		$	358			$	605		$	740
Other deferrable expenses			164			162			158			175			170				311			345
Direct and allocated expenses, not deferred			403			401			395			388			411				789			799
Pension and other post-retirement benefit costs			11			11			37			57			74				22			131
Premium tax and other tax, licenses and fees			29			34			22			34			31				63			65
Other			—			—			—			—			—				—			—
Total insurance expenses			920			929			1,009			1,036			1,044				1,790			2,080
Broker-dealer and other expenses			169			155			138			123			130				335			253
Reinsurance allowances			(11	)		(14	)		(69	)		(15	)		(1	)			(14	)		(16	)
Total other expenses		$	1,078		$	1,070		$	1,078		$	1,144		$	1,173			$	2,111		$	2,317

(1) Excludes $14 million, $7 million, $11 million, $11 million, and $10 million of DAC capitalization related to reinsurance allowances for the three months ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009, and June 30, 2009, respectively.

26

INDIVIDUAL

SPREADS BY PRODUCT

VARIABLE & UNIVERSAL LIFE
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited		2008			2008			2008			2009			2009
Investment income yield			6.35	%		6.13	%		5.30	%		4.97	%		6.24	%
Average crediting rate			4.54	%		4.49	%		4.47	%		4.59	%		4.56	%
Annualized general account spread			1.81	%		1.64	%		0.83	%		0.38	%		1.68	%
ANNUITIES
	For the Three Months Ended
		June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited		2008			2008			2008			2009			2009
Investment income yield			6.02	%		5.72	%		5.05	%		5.20	%		5.84	%
Average crediting rate			3.75	%		3.71	%		3.88	%		3.86	%		3.96	%
Annualized general account spread			2.27	%		2.01	%		1.17	%		1.34	%		1.88	%

27

INTERNATIONAL

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September 30,			December 31,			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions, except number of sales representatives)		2008			2008			2008			2009			2009				2008			2009
REVENUES
Premiums		$	920		$	893		$	753		$	721		$	777			$	1,824		$	1,498
Universal life and investment-type product policy fees			293			264			248			210			226				583			436
Investment income, net			381			311			234			168			359				635			527
Other revenues			6			—			5			2			2				13			4
Total revenues			1,600			1,468			1,240			1,101			1,364				3,055			2,465
EXPENSES
Policyholder benefits and dividends			830			869			724			548			600				1,592			1,148
Interest credited to policyholder account balances			89			6			29			78			159				136			237
Capitalization of deferred policy acquisition costs			(203	)		(204	)		(152	)		(145	)		(140	)			(442	)		(285	)
Amortization of deferred policy acquisition costs			99			36			133			95			98				212			193
Other expenses			574			580			378			338			437				1,130			775
Total expenses			1,389			1,287			1,112			914			1,154				2,628			2,068
Operating earnings before provision for income tax			211			181			128			187			210				427			397
Provision for income tax			59			63			50			56			52				144			108
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		$	152		$	118		$	78		$	131		$	158			$	283		$	289
Net Income Reconciliation
Operating earnings available to common shareholders		$	152		$	118		$	78		$	131		$	158			$	283		$	289
Net investment gains (losses)			(161	)		300			(54	)		480			(603	)			(10	)		(123	)
Net investment gains (losses) tax benefit (provision)			48			(111	)		(24	)		(155	)		212				(8	)		57
Net investment gains (losses), net of income tax			(113	)		189			(78	)		325			(391	)			(18	)		(66	)
Adjustments related to universal life and investment-type product policy fees			—			—			—			—			—				—			—
Adjustments related to policyholder benefits and dividends			210			(82	)		(51	)		(22	)		39				145			17
Adjustments related to other expenses			—			—			—			—			—				—			—
Adjustments related to tax benefit (provision)			(76	)		29			18			6			(11	)			(51	)		(5	)
Adjustments related to net investment gains (losses), net of income tax (1)			134			(53	)		(33	)		(16	)		28				94			12
Adjustments related to acquisition costs, net of income tax			—			—			—			—			—				—			—
Discontinued operations, net of income tax			—			—			—						—				—			—
Net income (loss) available to MetLife, Inc.’s common shareholders			173			254			(33	)		440			(205	)			359			235
Preferred stock dividends			—			—			—			—			—				—			—
Net income (loss) attributable to MetLife, Inc.			173			254			(33	)		440			(205	)			359			235
Net loss attributable to noncontrolling interests			(6	)		(6	)		(9	)		(5	)		(9	)			(11	)		(14	)
Net income (loss)		$	167		$	248		$	(42	)	$	435		$	(214	)		$	348		$	221
Premiums, Fees and Other Revenues		$	1,219		$	1,157		$	1,006		$	933		$	1,005			$	2,420		$	1,938
Actual Number of Sales Representatives			5,067			5,136			5,137			4,874			5,747

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of deferred policy acquisition costs and amounts allocable to certain participating contracts.

28

INTERNATIONAL — LATIN AMERICA REGION
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September 30,			December 31,			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions, except number of sales representatives)		2008			2008			2008			2009			2009				2008			2009
REVENUES
Premiums		$	491		$	481		$	358		$	348		$	366			$	983		$	714
Universal life and investment-type product policy fees			172			150			133			122			136				331			258
Investment income, net			290			331			244			119			191				528			310
Other revenues			4			(2	)		5			1			1				11			2
Total revenues			957			960			740			590			694				1,853			1,284
EXPENSES
Policyholder benefits and dividends			520			557			393			265			326				988			591
Interest credited to policyholder account balances			87			84			68			78			81				165			159
Capitalization of deferred policy acquisition costs			(52	)		(50	)		(34	)		(34	)		(41	)			(102	)		(75	)
Amortization of deferred policy acquisition costs			40			(18	)		57			32			34				72			66
Other expenses			223			244			93			71			177				418			248
Total expenses			818			817			577			412			577				1,541			989
Operating earnings before provision for income tax			139			143			163			178			117				312			295
Provision for income tax			42			44			48			56			31				108			87
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		$	97		$	99		$	115		$	122		$	86			$	204		$	208
Net Income Reconciliation
Operating earnings available to common shareholders		$	97		$	99		$	115		$	122		$	86			$	204		$	208
Net investment gains (losses)			(83	)		(34	)		(78	)		(8	)		23				(45	)		15
Net investment gains (losses) tax benefit (provision)			13			5			12			(3	)		—				7			(3	)
Net investment gains (losses), net of income tax			(70	)		(29	)		(66	)		(11	)		23				(38	)		12
Adjustments related to universal life and investment-type product policy fees			—			—			—			—			—				—			—
Adjustments related to policyholder benefits and dividends			217			(82	)		(51	)		(22	)		39				145			17
Adjustments related to other expenses			—			—			—			—			—				—			—
Adjustments related to tax benefit (provision)			(76	)		29			18			6			(11	)			(51	)		(5	)
Adjustments related to net investment gains (losses), net of income tax (1)			141			(53	)		(33	)		(16	)		28				94			12
Adjustments related to acquisition costs, net of income tax			—			—			—			—			—				—			—
Discontinued operations, net of income tax			—			—			—			—			—				—			—
Net income available to MetLife, Inc.’s common shareholders			168			17			16			95			137				260			232
Preferred stock dividends			—			—			—			—			—				—			—
Net income attributable to MetLife, Inc.			168			17			16			95			137				260			232
Net income attributable to noncontrolling interests			—			—			—			—			—				—			—
Net income		$	168		$	17		$	16		$	95		$	137			$	260		$	232
Premiums, Fees and Other Revenues		$	667		$	629		$	496		$	471		$	503			$	1,325		$	974
Actual Number of Sales Representatives			264			194			139			118			120

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of deferred policy acquisition costs and amounts allocable to certain participating contracts.

29

INTERNATIONAL — ASIA PACIFIC REGION
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September 30,			December 31,			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions, except number of sales representatives)		2008			2008			2008			2009			2009				2008			2009
REVENUES
Premiums		$	332		$	314		$	302		$	289		$	329			$	653		$	618
Universal life and investment-type product policy fees			108			104			109			76			78				227			154
Investment income, net			79			(14	)		(13	)		50			147				86			197
Other revenues			2			1			—			—			1				2			1
Total revenues			521			405			398			415			555				968			970
EXPENSES
Policyholder benefits and dividends			286			287			305			258			253				560			511
Interest credited to policyholder account balances			1			(62	)		(37	)		6			63				(32	)		69
Capitalization of deferred policy acquisition costs			(111	)		(109	)		(75	)		(59	)		(75	)			(241	)		(134	)
Amortization of deferred policy acquisition costs			47			42			58			52			52				114			104
Other expenses			213			194			154			135			154				443			289
Total expenses			436			352			405			392			447				844			839
Operating earnings before provision for income tax			85			53			(7	)		23			108				124			131
Provision for income tax expense (benefit)			20			24			7			2			22				42			24
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		$	65		$	29		$	(14	)	$	21		$	86			$	82		$	107
Net Income Reconciliation
Operating earnings available to common shareholders		$	65		$	29		$	(14	)	$	21		$	86			$	82			107
Net investment gains (losses)			(79	)		335			31			486			(629	)			30			(143	)
Net investment gains (losses) tax benefit (provision)			35			(116	)		(40	)		(152	)		213				(14	)		61
Net investment gains (losses), net of income tax			(44	)		219			(9	)		334			(416	)			16			(82	)
Adjustments related to universal life and investment-type product policy fees			—			—			—			—			—				—			—
Adjustments related to policyholder benefits and dividends			(7	)		—			—			—			—				—			—
Adjustments related to other expenses			—			—			—			—			—				—			—
Adjustments related to tax benefit (provision)			—			—			—			—			—				—			—
Adjustments related to net investment gains (losses), net of income tax (1)			(7	)		—			—			—			—				—			—
Adjustments related to acquisition costs, net of income tax			—			—			—			—			—				—			—
Discontinued operations, net of income tax			—			—			—			—			—				—			—
Net income (loss) available to MetLife, Inc.’s common shareholders			14			248			(23	)		355			(330	)			98			25
Preferred stock dividends			—			—			—			—			—				—			—
Net income (loss) attributable to MetLife, Inc.			14			248			(23	)		355			(330	)			98			25
Net income attributable to noncontrolling interests			—			—			—			—			—				—
Net income (loss)		$	14		$	248		$	(23	)	$	355		$	(330	)		$	98		$	25
Premiums, Fees and Other Revenues		$	442		$	419		$	411		$	365		$	408			$	882		$	773
Actual Number of Sales Representatives			5,628			5,845			5,861			5,639			5,627

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of deferred policy acquisition costs and amounts allocable to certain participating contracts.

30

INTERNATIONAL — EUROPEAN REGION
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September 30,			December 31,			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009				2008			2009
REVENUES
Premiums		$	97		$	98		$	93		$	84		$	82			$	188		$	166
Universal life and investment-type product policy fees			13			10			6			12			12				25			24
Investment income, net			12			(6	)		3			(1	)		21				21			20
Other revenues			—			1			—			1			—				—			1
Total revenues			122			103			102			96			115				234			211
EXPENSES
Policyholder benefits and dividends			24			25			26			25			21				44			46
Interest credited to policyholder account balances			1			(16	)		(2	)		(6	)		15				3			9
Capitalization of deferred policy acquisition costs			(40	)		(45	)		(43	)		(52	)		(24	)			(99	)		(76	)
Amortization of deferred policy acquisition costs			12			12			18			11			12				26			23
Other expenses			138			142			131			132			106				269			238
Total expenses			135			118			130			110			130				243			240
Operating earnings before provision for income tax			(13	)		(15	)		(28	)		(14	)		(15	)			(9	)		(29	)
Provision for income tax expense (benefit)			(3	)		(5	)		(5	)		(2	)		(1	)			(6	)		(3	)
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		$	(10	)	$	(10	)	$	(23	)	$	(12	)	$	(14	)		$	(3	)	$	(26	)
Net Income Reconciliation
Operating earnings available to common shareholders		$	(10	)	$	(10	)	$	(23	)	$	(12	)	$	(14	)		$	(3	)		(26	)
Net investment gains (losses)			1			(1	)		(7	)		2			3				5			5
Net investment gains (losses) tax benefit (provision)			—			—			4			—			(1	)			(1	)		(1	)
Net investment gains (losses), net of income tax			1			(1	)		(3	)		2			2				4			4
Adjustments related to universal life and investment-type product policy fees			—			—			—			—			—				—			—
Adjustments related to policyholder benefits and dividends			—			—			—			—			—				—			—
Adjustments related to other expenses			—			—			—			—			—				—			—
Adjustments related to tax benefit (provision)			—			—			—			—			—				—			—
Adjustments related to net investment gains (losses), net of income tax (1)			—			—			—			—			—				—			—
Adjustments related to acquisition costs, net of income tax			—			—			—			—			—				—			—
Discontinued operations, net of income tax			—			—			—			—			—				—			—
Net income (loss) available to MetLife, Inc.’s common shareholders			(9	)		(11	)		(26	)		(10	)		(12	)			1			(22	)
Preferred stock dividends			—			—			—			—			—				—			—
Net income (loss) attributable to MetLife, Inc.			(9	)		(11	)		(26	)		(10	)		(12	)			1			(22	)
Net loss attributable to noncontrolling interests			(6	)		(6	)		(9	)		(5	)		(9	)			(11	)		(14	)
Net loss		$	(15	)	$	(17	)	$	(35	)	$	(15	)	$	(21	)		$	(10	)	$	(36	)
Premiums, Fees and Other Revenues		$	110		$	109		$	99		$	97		$	94			$	213		$	191
Actual Number of Sales Representatives			—			—			—			—			—

(1) Adjustments related to net investment gains (losses), net of income tax, includes amortization of deferred policy acquisition costs and amounts allocable to certain participating contracts.

31

AUTO & HOME

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended															For the Year-to-Date Period Ended
	June 30,			September 30,			December 31,			March 31,			June 30,			June 30,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009			2008			2009
REVENUES
Earned premiums	$	742		$	745		$	739		$	722		$	726		$	1,487		$	1,448
Investment income, net		50			48			37			40			49			101			89
Other revenues		10			9			8			9			5			21			14
Total revenues		802			802			784			771			780			1,609			1,551
EXPENSES
Losses and loss adjustment expense		539			471			431			480			491			1,017			971
Loss adjustment expense		—			—			—			—			—			—			—
Policyholder benefits and dividends		2			1			1			(1	)		1			3			—
Other expenses		205			196			200			193			192			408			385
Total expenses		746			668			632			672			684			1,428			1,356
Operating earnings before provision for income tax		56			134			152			99			96			181			195
Provision for income tax		4			33			40			23			20			31			43
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	52		$	101		$	112		$	76		$	76		$	150		$	152
Net Income Reconciliation
Operating earnings available to common shareholders	$	52		$	101		$	112		$	76		$	76		$	150		$	152
Net investment gains (losses)		(13	)		(67	)		(43	)		31			(8	)		(24	)		23
Net investment gains (losses) tax benefit (provision)		4			23			15			(11	)		3			8			(8	)
Net investment gains (losses), net of income tax		(9	)		(44	)		(28	)		20			(5	)		(16	)		15
Adjustments related to universal life and investment-type product policy fees		—			—			—			—			—			—			—
Adjustments related to policyholder benefits and dividends		—			—			—			—			—			—			—
Adjustments related to other expenses		—			—			—			—			—			—			—
Adjustments related to tax benefit (provision)		—			—			—			—			—			—			—
Adjustments related to net investment gains (losses), net of income tax		—			—			—			—			—			—			—
Adjustments related to acquisition costs, net of income tax		—			—			—			—			—			—			—
Discontinued operations, net of income tax		—			—			—			—			—			—			—
Net income available to MetLife, Inc.’s common shareholders		43			57			84			96			71			134			167
Preferred stock dividends		—			—			—			—			—			—			—
Net income attributable to MetLife, Inc.		43			57			84			96			71			134			167
Net income attributable to noncontrolling interests		—			—			—			—			—			—			—
Net income	$	43		$	57		$	84		$	96		$	71		$	134		$	167
Premiums, Fees and Other Revenues	$	752		$	754		$	747		$	731		$	731		$	1,508		$	1,462

32

AUTO & HOME
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
AUTO

	For the Three Months Ended															For the Year-to-Date Period Ended
	June 30,			September 30,			December 31,			March 31,			June 30,			June 30,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009			2008			2009
REVENUES
Earned premiums	$	516		$	517		$	511		$	497		$	499		$	1,033		$	996
Investment income, net		35			35			28			25			30			72			55
Other revenues		7			5			4			5			3			14			8
Total revenues		558			557			543			527			532			1,119			1,059
EXPENSES
Losses and loss adjustment expense		315			292			342			317			349			645			666
Policyholder benefits and dividends		1			1			1			(1	)		1			2			—
Other expenses		138			130			136			129			124			273			253
Total expenses		454			423			479			445			474			920			919
Operating earnings before provision for income tax		104			134			64			82			58			199			140
Provision for income tax		24			35			15			20			13			45			33
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	80		$	99		$	49		$	62		$	45		$	154		$	107
Net Income Reconciliation
Operating earnings available to common shareholders	$	80		$	99		$	49		$	62		$	45		$	154		$	107
Net investment gains (losses)		(8	)		(46	)		(30	)		19			(5	)		(16	)		14
Net investment gains (losses) tax benefit (provision)		2			16			10			(7	)		2			5			(5	)
Net investment gains (losses), net of income tax		(6	)		(30	)		(20	)		12			(3	)		(11	)		9
Adjustments related to universal life and investment-type product policy fees		—			—			—			—			—			—			—
Adjustments related to policyholder benefits and dividends		—			—			—			—			—			—			—
Adjustments related to other expenses		—			—			—			—			—			—			—
Adjustments related to tax benefit (provision)		—			—			—			—			—			—			—
Adjustments related to net investment gains (losses), net of income tax		—			—			—			—			—			—			—
Adjustments related to acquisition costs, net of income tax		—			—			—			—			—			—			—
Discontinued operations, net of income tax		—			—			—			—			—			—			—
Net income available to MetLife, Inc.’s common shareholders		74			69			29			74			42			143			116
Preferred stock dividends		—			—			—			—			—			—			—
Net income attributable to MetLife, Inc.		74			69			29			74			42			143			116
Net income attributable to noncontrolling interests		—			—			—			—			—			—			—
Net income	$	74		$	69		$	29		$	74		$	42		$	143		$	116
Premiums, Fees and Other Revenues	$	523		$	522		$	515		$	502		$	502		$	1,047		$	1,004

33

AUTO & HOME
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
HOMEOWNERS & OTHER

	For the Three Months Ended															For the Year-to-Date Period Ended
	June 30,			September 30,			December 31,			March 31,			June 30,			June 30,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009			2008			2009
REVENUES
Earned premiums	$	226		$	228		$	228		$	225		$	227		$	454		$	452
Investment income, net		15			13			9			15			19			29			34
Other revenues		3			4			4			4			2			7			6
		244			245			241			244			248			490			492
EXPENSES
Losses and loss adjustment expense		224			179			89			163			142			372			305
Policyholder benefits and dividends		1			—			—			—			—			1			—
Other expenses		67			66			64			64			68			135			132
Total expenses		292			245			153			227			210			508			437
Operating earnings before provision for income tax		(48	)		—			88			17			38			(18	)		55
Provision for income tax expense (benefit)		(20	)		(2	)		25			3			7			(14	)		10
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	(28	)	$	2		$	63		$	14		$	31		$	(4	)	$	45
Net Income Reconciliation
Operating earnings available to common shareholders	$	(28	)	$	2		$	63		$	14		$	31		$	(4	)	$	45
Net investment gains (losses)		(5	)		(21	)		(13	)		12			(3	)		(8	)		9
Net investment gains (losses) tax benefit (provision)		2			7			5			(4	)		1			3			(3	)
Net investment gains (losses), net of income tax		(3	)		(14	)		(8	)		8			(2	)		(5	)		6
Adjustments related to universal life and investment-type product policy fees		—			—			—			—			—			—			—
Adjustments related to policyholder benefits and dividends		—			—			—			—			—			—			—
Adjustments related to other expenses		—			—			—			—			—			—			—
Adjustments related to tax benefit (provision)		—			—			—			—			—			—			—
Adjustments related to net investment gains (losses), net of income tax		—			—			—			—			—			—			—
Adjustments related to acquisition costs, net of income tax		—			—			—			—			—			—			—
Discontinued operations, net of income tax		—			—			—			—			—			—			—
Net income (loss) available to MetLife, Inc.’s common shareholders		(31	)		(12	)		55			22			29			(9	)		51
Preferred stock dividends		—			—			—			—			—			—			—
Net income (loss) attributable to MetLife, Inc.		(31	)		(12	)		55			22			29			(9	)		51
Net income attributable to noncontrolling interests		—			—			—			—			—			—			—
Net income (loss)	$	(31	)	$	(12	)	$	55		$	22		$	29		$	(9	)	$	51
Premiums, Fees and Other Revenues	$	229		$	232		$	232		$	229		$	229		$	461		$	458

34

AUTO & HOME

WRITTEN PREMIUMS BY PRODUCT AND SELECTED FINANCIAL INFORMATION AND SUPPLEMENTAL DATA

	For the Three Months Ended
	June 30,			September 30,			December 31,			March 31,			June 30,
Unaudited (In millions)	2008			2008			2008			2009			2009
Written Premiums by Product
Automobile	$	520		$	520		$	490		$	496		$	503
Homeowners		223			237			207			182			231
Other		13			13			11			21			13
Total	$	756		$	770		$	708		$	699		$	747
Selected Financial Information and Supplemental Data
Total Auto & Home
Loss and loss adjustment expense ratio		72.6	%		63.1	%		58.3	%		66.5	%		67.7	%
Policyholder benefits and dividends		0.2	%		0.2	%		0.2	%		(0.1	%)		0.2	%
Other expense ratio		27.3	%		26.4	%		27.0	%		26.7	%		26.2	%
Payment fees credit		(0.6	%)		(0.7	%)		(0.6	%)		(0.7	%)		(0.6	%)
Total combined ratio		99.5	%		89.0	%		84.9	%		92.4	%		93.5	%
Effect of catastrophe losses		17.6	%		9.4	%		2.0	%		4.3	%		5.4	%
Combined ratio excluding catastrophes		81.9	%		79.6	%		82.9	%		88.1	%		88.1	%
Auto
Loss and loss adjustment expense ratio		60.9	%		56.5	%		67.0	%		63.6	%		69.8	%
Policyholder benefits and dividends		0.2	%		0.2	%		0.2	%		(0.1	%)		0.2	%
Other expense ratio		26.3	%		25.1	%		26.6	%		26.0	%		25.1	%
Payment fees credit		(0.7	%)		(0.7	%)		(0.7	%)		(0.8	%)		(0.7	%)
Total combined ratio		86.7	%		81.1	%		93.1	%		88.7	%		94.4	%
Effect of catastrophe losses		2.7	%		1.0	%		0.0	%		0.8	%		0.7	%
Combined ratio excluding catastrophes		84.0	%		80.1	%		93.1	%		87.9	%		93.7	%
Homeowners & Other
Loss and loss adjustment expense ratio		99.3	%		78.3	%		38.9	%		72.6	%		63.3	%
Policyholder benefits and dividends		0.2	%		0.2	%		0.1	%		(0.1	%)		0.2	%
Other expense ratio		29.2	%		28.9	%		28.1	%		28.4	%		28.5	%
Payment fees credit		(0.4	%)		(0.4	%)		(0.5	%)		(0.5	%)		(0.4	%)
Total combined ratio		128.3	%		107.0	%		66.6	%		100.4	%		91.6	%
Effect of catastrophe losses		51.8	%		28.5	%		6.7	%		12.0	%		15.9	%
Combined ratio excluding catastrophes		76.5	%		78.5	%		59.9	%		88.4	%		75.7	%
Pre-Tax Catastrophe Losses
Auto	$	14		$	5		$	—		$	4		$	4
Homeowners & Other		117			65			15			27			36
Total	$	131		$	70		$	15		$	31		$	40
Catastrophe points on combined ratios		17.6			9.4			2.0			4.3			5.5

35

CORPORATE, OTHER & ELIMINATIONS

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended																For the Year-to-Date Period Ended
		June 30,			September 30,			December 31,			March 31,			June 30,				June 30,			June 30,
Unaudited (In millions)		2008			2008			2008			2009			2009				2008			2009
REVENUES
Premiums		$	12		$	8		$	2		$	2		$	4			$	18		$	6
Universal life and investment-type product policy fees			—			—			—			—			—				—			—
Investment income, net			237			159			155			50			132				490			182
Other revenues			10			42			120			267			283				22			550
Total revenues			259			209			277			319			419				530			738
EXPENSES
Policyholder benefits and dividends			14			12			12			(1	)		4				24			3
Interest credited to policyholder account balances			—			—			7			—			—				—			—
Interest credited to bank deposits			39			40			43			43			40				83			83
Interest expense			249			250			268			240			252				515			492
Other expenses			116			231			308			287			329				159			616
Total expenses			418			533			638			569			625				781			1,194
Operating earnings before provision for income tax			(159	)		(324	)		(361	)		(250	)		(206	)			(251	)		(456	)
Provision for income tax expense (benefit)			(103	)		(132	)		(168	)		(102	)		(144	)			(196	)		(246	)
Operating earnings			(56	)		(192	)		(193	)		(148	)		(62	)			(55	)		(210	)
Preferred stock dividends			31			30			31			30			31				64			61
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		$	(87	)	$	(222	)	$	(224	)	$	(178	)	$	(93	)		$	(119	)	$	(271	)
Net Income Reconciliation
Operating earnings available to common shareholders		$	(87	)	$	(222	)		(224	)	$	(178	)	$	(93	)		$	(119	)	$	(271	)
Net investment gains (losses)			(38	)		(25	)		1,039			330			(499	)			(54	)		(169	)
Net investment gains (losses) tax benefit (provision)			15			(5	)		(369	)		(117	)		180				21			63
Net investment gains (losses), net of income tax			(23	)		(30	)		670			213			(319	)			(33	)		(106	)
Adjustments related to universal life and investment-type product policy fees			—			—			—			—			—				—			—
Adjustments related to policyholder benefits and dividends			—			—			—			—			—				—			—
Adjustments related to other expenses			—			—			—			—			—				—			—
Adjustments related to tax benefit (provision)			—			—			—			—			—				—			—
Adjustments related to net investment gains (losses), net of income tax			—			—			—			—			—				—			—
Adjustments related to acquisition costs, net of income tax			—			—			—			(9	)		—				—			(9	)
Discontinued operations, net of income tax			61			(433	)		58			12			—				81			12
Net income (loss) available to MetLife, Inc.’s common shareholders			(49	)		(685	)		504			38			(412	)			(71	)		(374	)
Preferred stock dividends			31			30			31			30			31				64			61
Net income (loss) attributable to MetLife, Inc.			(18	)		(655	)		535			68			(381	)			(7	)		(313	)
Net income (loss) attributable to noncontrolling interests			56			22			2			1			(7	)			72			(6	)
Net income (loss)		$	38		$	(633	)	$	537		$	69			(388	)			65			(319	)
Premiums, Fees and Other Revenues		$	22		$	50		$	122		$	269		$	287			$	40		$	556

36

METLIFE, INC.

INVESTMENT RESULTS BY ASSET CATEGORY AND ANNUALIZED YIELDS

	At or For the Three Months Ended
Unaudited (In millions)	June 30,			September 30,			December 31,			March 31,			June 30,
	2008			2008			2008			2009			2009
Fixed Maturity Securities
Yield (1)		6.51	%		6.38	%		6.18	%		5.70	%		5.91	%
Investment income (2)	$	3,186		$	3,107		$	2,973		$	2,800		$	3,036
Investment gains (losses)		(306	)		(919	)		(526	)		(609	)		(378	)
Ending carrying value (2)		231,896			212,912			189,197			192,337			213,034
Mortgage and Consumer Loans
Yield (1)		6.10	%		5.99	%		6.05	%		5.32	%		5.37	%
Investment income (3)		674			687			737			680			694
Investment gains (losses)		(34	)		26			(99	)		(146	)		(125	)
Ending carrying value		48,158			50,606			51,364			53,044			52,500
Real Estate and Real Estate Joint Ventures (4)
Yield (1)		6.78	%		2.84	%		(2.36	%)		(9.19	%)		(8.83	%)
Investment income (loss)		121			53			(44	)		(172	)		(162	)
Investment gains (losses)		4			2			(13	)		(25	)		(68	)
Ending carrying value		7,328			7,555			7,586			7,381			7,296
Policy Loans
Yield (1)		6.25	%		6.09	%		6.32	%		6.40	%		6.51	%
Investment income		151			148			154			157			161
Ending carrying value		9,683			9,742			9,802			9,851			9,907
Equity Securities
Yield (1)		6.01	%		4.00	%		6.25	%		3.92	%		6.01	%
Investment income		80			45			59			37			54
Investment gains (losses)		—			(181	)		(63	)		(269	)		(108	)
Ending carrying value		5,228			3,474			3,197			2,817			3,045
Other Limited Partnership Interests
Yield (1)		4.63	%		(3.91	%)		(20.14	%)		(19.79	%)		5.46	%
Investment income (loss)		71			(62	)		(311	)		(253	)		72
Investment gains (losses)		(12	)		(16	)		(109	)		(97	)		(247	)
Ending carrying value		6,707			6,353			6,039			5,365			5,193
Cash and Short-term Investments
Yield (1)		2.66	%		1.89	%		0.71	%		0.48	%		0.45	%
Investment income		86			78			48			36			24
Investment gains (losses)		—			—			2			(2	)		2
Ending carrying value		15,343			22,751			38,085			30,320			21,330
Other Invested Assets (5), (6), (7), (8), (9)
Investment income		46			65			120			92			98
Investment gains (losses)		2			1,864			2,973			233			(3,033	)
Ending carrying value		8,617			9,755			17,248			15,130			13,071
Total Investments
Gross investment income yield (1)		6.11	%		5.63	%		4.86	%		4.24	%		5.02	%
Investment fees and expenses yield		(0.16	%)		(0.15	%)		(0.15	%)		(0.13	%)		(0.15	%)
Net Investment Income Yield		5.95	%		5.48	%		4.71	%		4.11	%		4.87	%
Gross investment income		4,415			4,121			3,736			3,377			3,977
Investment fees and expenses		(118	)		(108	)		(115	)		(103	)		(118	)
Net Investment Income	$	4,297		$	4,013		$	3,621		$	3,274		$	3,859
Ending carrying value	$	332,960		$	323,148		$	322,518		$	316,245		$	325,376
Gross investment gains	$	300		$	1,109		$	782		$	571		$	263
Gross investment losses (7)		(346	)		(464	)		(737	)		(535	)		(546	)
Writedowns (7)		(262	)		(1,048	)		(546	)		(1,041	)		(846	)
Subtotal		(308	)		(403	)		(501	)		(1,005	)		(1,129	)
Derivatives not qualifying for hedge accounting (7), (8), (9)		(38	)		1,179			2,666			90			(2,828	)
Investment Gains (Losses)		(346	)		776			2,165			(915	)		(3,957	)
Investment gains (losses) income tax benefit (provision)		115			(293	)		(804	)		325			1,394
Investment Gains (Losses), Net of Income Tax	$	(231	)	$	483		$	1,361		$	(590	)	$	(2,563	)

(1)	Yields are based on quarterly average asset carrying values, excluding recognized and unrealized investment gains (losses), and for yield calculation purposes, average ending assets exclude collateral received from counterparties associated with the Company’s securities lending program.
(2)	Fixed maturity securities includes $883 million, $787 million, $946 million, $922 million and $1,471 million in ending carrying value, and $9 million, ($95) million, ($56) million, $17 million and $130 million of investment income (loss) related to trading securities at or for the three months ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively.
(3)	Investment income from mortgage and consumer loans includes prepayment fees.
(4)	Included in investment income from real estate and real estate joint ventures is $2 million related to discontinued operations for the three months ended both June 30, 2008 and September 30, 2008. Included in investment gains (losses) from real estate and real estate joint ventures is $8 million for the three months ended December 31, 2008. There were no discontinued operations from real estate and real estate joint ventures for any other period.
(5)	Included in investment income from other invested assets are scheduled periodic settlement payments on derivative instruments that do not qualify for hedge accounting under SFAS 133 of ($40) million, ($1) million, $53 million, $31 million and $32 million for the three months ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively. These amounts are excluded from investment gains (losses). Additionally, excluded from investment gains (losses) is $13 million, $8 million, $7 million, ($2) million and $0 million for the three months ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively, related to settlement payments on derivative instruments used to hedge interest rate and currency risk on policyholder account balances that do not qualify for hedge accounting. Such amounts are included within interest credited to policyholder account balances.
(6)	Other invested assets are principally comprised of freestanding derivatives with positive estimated fair values and leveraged leases. Freestanding derivatives with negative fair values are included within other liabilities. As yield is not considered a meaningful measure of performance for other invested assets, it has been excluded from the table above.
(7)	The components of investment gains (losses) for the three months ended September 30, 2008 are shown net of a realized gain under purchased credit default swaps that offsets losses incurred on certain fixed maturity securities.
(8)	Derivatives not qualifying for hedge accounting is comprised of amounts for freestanding derivatives of ($404) million, $1,148 million, $5,287 million, ($1,127) million and ($3,621) million; and embedded derivatives of $366 million, $31 million, ($2,621) million, $1,217 million and $793 million for the three months ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively.
(9)	Included in investment gains (losses) from other invested assets are the net results of the hedged embedded derivatives related to certain variable annuities with guarantees of consolidated entities and operating joint ventures reported under the equity method of accounting of $16 million, ($37) million, ($64) million, ($20) million and $96 million for the three months ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively. These amounts are excluded from investment income.

37

METLIFE, INC.
INVESTMENT RESULTS BY ASSET CATEGORY AND ANNUALIZED YIELDS

	At or For the Year-to-Date Ended
Unaudited (In millions)	June 30,			September 30,			December 31,			March 31,			June 30,
	2008			2008			2008			2009			2009
Fixed Maturity Securities
Yield (1)		6.51	%		6.46	%		6.40	%		5.70	%		5.81	%
Investment income (2)	$	6,323		$	9,430		$	12,403		$	2,800		$	5,836
Investment gains (losses)		(509	)		(1,428	)		(1,954	)		(609	)		(987	)
Ending carrying value (2)		231,896			212,912			189,197			192,337			213,034
Mortgage and Consumer Loans
Yield (1)		6.14	%		6.09	%		6.08	%		5.32	%		5.35	%
Investment income (3)		1,350			2,037			2,774			680			1,374
Investment gains (losses)		(62	)		(36	)		(135	)		(146	)		(271	)
Ending carrying value		48,158			50,606			51,364			53,044			52,500
Real Estate and Real Estate Joint Ventures (4)
Yield (1)		5.94	%		4.86	%		2.98	%		(9.19	%)		(9.01	%)
Investment income (loss)		208			261			217			(172	)		(334	)
Investment gains (losses)		2			4			(9	)		(25	)		(93	)
Ending carrying value		7,328			7,555			7,586			7,381			7,296
Policy Loans
Yield (1)		6.24	%		6.19	%		6.22	%		6.40	%		6.45	%
Investment income		299			447			601			157			318
Ending carrying value		9,683			9,742			9,802			9,851			9,907
Equity Securities
Yield (1)		5.43	%		5.01	%		5.25	%		3.92	%		4.94	%
Investment income		145			190			249			37			91
Investment gains (losses)		(10	)		(191	)		(254	)		(269	)		(377	)
Ending carrying value		5,228			3,474			3,197			2,817			3,045
Other Limited Partnership Interests
Yield (1)		6.76	%		3.08	%		(2.77	%)		(19.79	%)		(6.59	%)
Investment income (loss)		203			141			(170	)		(253	)		(181	)
Investment gains (losses)		(15	)		(31	)		(140	)		(97	)		(344	)
Ending carrying value		6,707			6,353			6,039			5,365			5,193
Cash and Short-term Investments
Yield (1)		2.89	%		2.49	%		1.62	%		0.48	%		0.47	%
Investment income		181			259			307			36			60
Investment gains (losses)		1			1			3			(2	)		0
Ending carrying value		15,343			22,751			38,085			30,320			21,330
Other Invested Assets (5), (6), (7), (8), (9)
Investment income		94			159			279			92			190
Investment gains (losses)		(471	)		1,393			4,366			233			(2,800	)
Ending carrying value		8,617			9,755			17,248			15,130			13,071
Total Investments
Gross investment income yield (1)		6.14	%		5.97	%		5.68	%		4.24	%		4.63	%
Investment fees and expenses yield		(0.16	%)		(0.16	%)		(0.16	%)		(0.13	%)		(0.14	%)
Net Investment Income Yield		5.98	%		5.81	%		5.52	%		4.11	%		4.49	%
Gross investment income		8,803			12,924			16,660			3,377			7,354
Investment fees and expenses		(237	)		(345	)		(460	)		(103	)		(221	)
Net Investment Income	$	8,566		$	12,579		$	16,200		$	3,274		$	7,133
Ending carrying value	$	332,960		$	323,148		$	322,518		$	316,245		$	325,376
Gross investment gains	$	688		$	1,797		$	2,579		$	571		$	834
Gross investment losses (7)		(881	)		(1,345	)		(2,082	)		(535	)		(1,081	)
Writedowns (7)		(448	)		(1,496	)		(2,042	)		(1,041	)		(1,887	)
Subtotal		(641	)		(1,044	)		(1,545	)		(1,005	)		(2,134	)
Derivatives not qualifying for hedge accounting (7), (8), (9)		(423	)		756			3,422			90			(2,738	)
Investment Gains (Losses)		(1,064	)		(288	)		1,877			(915	)		(4,872	)
Investment gains (losses) tax benefit (provision)		364			71			(733	)		325			1,719
Investment Gains (Losses), Net of Income Tax	$	(700	)	$	(217	)	$	1,144		$	(590	)	$	(3,153	)

(1)	Yields are based on quarterly average asset carrying values, excluding recognized and unrealized investment gains (losses), and for yield calculation purposes, average ending assets exclude collateral received from counterparties associated with the Company’s securities lending program.
(2)	Fixed maturity securities includes $883 million, $787 million, $946 million, $922 million and $1,471 million in ending carrying value, and ($42) million, ($137) million, ($193) million, $17 million and $147 million of investment income (loss) related to trading securities at or for the year-to-date ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively.
(3)	Investment income from mortgage and consumer loans includes prepayment fees.
(4)	Included in investment income from real estate and real estate joint ventures is $1 million and $3 million related to discontinued operations for the year-to-date ended June 30, 2008 and September 30, 2008, respectively. Included in investment gains (losses) from real estate and real estate joint ventures is $8 million for the year ended December 31, 2008. There were no discontinued operations from real estate and real estate joint ventures for any other period.
(5)	Included in investment income from other invested assets are scheduled periodic settlement payments on derivative instruments that do not qualify for hedge accounting under SFAS 133 of ($47) million, ($48) million, $5 million, $31 million and $63 million for the year-to-date ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively. These amounts are excluded from investment gains (losses). Additionally, excluded from investment gains (losses) is $28 million, $36 million, $43 million, ($2) million and ($2) million for the year-to-date ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively, related to settlement payments on derivative instruments used to hedge interest rate and currency risk on policyholder account balances that do not qualify for hedge accounting. Such amounts are included within interest credited to policyholder account balances.
(6)	Other invested assets are principally comprised of freestanding derivatives with positive estimated fair values and leveraged leases. Freestanding derivatives with negative fair values are included within other liabilities. As yield is not considered a meaningful measure of performance for other invested assets, it has been excluded from the table above.
(7)	The components of investment gains (losses) for the three months ended September 30, 2008 are shown net of a realized gain under purchased credit default swaps that offsets losses incurred on certain fixed maturity securities.
(8)	Derivatives not qualifying for hedge accounting is comprised of amounts for freestanding derivatives of ($363) million, $785 million, $6,072 million, ($1,127) million and ($4,748) million; and embedded derivatives of ($60) million, ($29) million, ($2,650) million, $1,217 million and $2,010 million for the year-to-date ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively.
(9)	Included in investment gains (losses) from other invested assets are the net results of the hedged embedded derivatives related to certain variable annuities with guarantees of consolidated entities and operating joint ventures reported under the equity method of accounting of ($4) million, ($41) million, ($105) million, ($20) million and $76 million for the year-to-date ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009, respectively. These amounts are excluded from investment income.

38

METLIFE, INC.

GROSS UNREALIZED GAINS AND LOSSES AGING SCHEDULE

FIXED MATURITY SECURITIES AVAILABLE–FOR–SALE (1)

	June 30, 2008					September 30, 2008					December 31, 2008					March 31, 2009					June 30, 2009
Unaudited (In millions)	Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total
Less than 20%	$	6,952		75.0	%	$	9,141		54.8	%	$	8,034		27.9	%	$	6,951		24.2	%	$	6,220		31.9	%
20% or more for less than six months		1,980		21.3	%		5,665		34.0	%		17,191		59.6	%		12,494		43.4	%		1,973		10.1	%
20% or more for six months or greater		339		3.7	%		1,871		11.2	%		3,596		12.5	%		9,312		32.4	%		11,320		58.0	%
Total Gross Unrealized Losses	$	9,271		100.0	%	$	16,677		100.0	%	$	28,821		100.0	%	$	28,757		100.0	%	$	19,513		100.0	%
Total Gross Unrealized Gains	$	5,622				$	4,478				$	7,564				$	5,562				$	5,582
GROSS UNREALIZED GAINS AND LOSSES AGING SCHEDULE EQUITY SECURITIES AVAILABLE–FOR–SALE (1)
	June 30, 2008					September 30, 2008					December 31, 2008					March 31, 2009					June 30, 2009
Unaudited (In millions)	Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total
Less than 20%	$	171		23.0	%	$	60		9.4	%	$	75		7.7	%	$	25		2.1	%	$	26		3.6	%
20% or more for less than six months		567		76.0	%		415		65.0	%		519		53.0	%		490		40.8	%		143		19.8	%
20% or more for six months or greater		8		1.0	%		163		25.6	%		384		39.3	%		687		57.1	%		552		76.6	%
Total Gross Unrealized Losses	$	746		100.0	%	$	638		100.0	%	$	978		100.0	%	$	1,202		100.0	%	$	721		100.0	%
Total Gross Unrealized Gains	$	399				$	92				$	44				$	32				$	87

(1) The Company’s review of its Fixed Maturity Securities and Equity Securities for impairments includes an analysis of the total gross unrealized losses by three categories of securities: (i) securities where the estimated fair value had declined and remained below cost or amortized cost by less than 20%; (ii) securities where the estimated fair value had declined and remained below cost or amortized cost by 20% or more for less than six months; and (iii) securities where the estimated fair value had declined and remained below cost or amortized cost by 20% or more for six months or greater.

39

METLIFE, INC.

SUMMARY OF FIXED MATURITY SECURITIES AVAILABLE-FOR-SALE

BY SECTOR AND QUALITY DISTRIBUTION

	June 30, 2008					September 30, 2008					December 31, 2008					March 31, 2009					June 30, 2009
Unaudited (In millions)	Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total
U.S. corporate securities	$	72,657		31.4	%	$	67,822		32.0	%	$	63,303		33.6	%	$	60,714		31.7	%	$	65,981		31.2	%
Residential mortgage-backed securities		53,165		23.0	%		46,912		22.1	%		36,028		19.2	%		38,115		19.9	%		41,798		19.8	%
Foreign corporate securities		36,401		15.8	%		34,321		16.2	%		29,679		15.8	%		29,405		15.4	%		33,607		15.9	%
U.S. Treasury, agency and government guaranteed securities		20,131		8.7	%		16,575		7.8	%		21,310		11.3	%		24,649		12.9	%		27,673		13.1	%
Commercial mortgage-backed securities		17,496		7.6	%		15,829		7.5	%		12,644		6.7	%		12,981		6.8	%		13,995		6.6	%
Asset-backed securities		12,608		5.5	%		12,763		6.0	%		10,523		5.6	%		11,032		5.7	%		12,414		5.8	%
Foreign government securities		12,833		5.6	%		11,933		5.6	%		10,153		5.4	%		9,384		4.9	%		10,560		5.0	%
State and political subdivision securities		5,438		2.3	%		5,912		2.8	%		4,557		2.4	%		5,112		2.7	%		5,517		2.6	%
Other fixed maturity securities		284		0.1	%		58		0.0	%		54		0.0	%		23		0.0	%		18		0.0	%
Total fixed maturity securities available-for-sale	$	231,013		100.0	%	$	212,125		100.0	%	$	188,251		100.0	%	$	191,415		100.0	%	$	211,563		100.0	%
NAIC RATING (1)        RATING AGENCY EQUIVALENT DESIGNATION
1                     Aaa / Aa / A	$	170,278		73.7	%	$	154,978		73.1	%	$	137,125		72.9	%	$	137,190		71.7	%	$	147,337		69.6	%
2                     Baa		45,313		19.6	%		43,030		20.3	%		38,761		20.6	%		39,346		20.6	%		45,949		21.7	%
3                     Ba		9,367		4.1	%		8,786		4.1	%		7,796		4.1	%		8,697		4.5	%		9,598		4.6	%
4                     B		5,424		2.3	%		4,646		2.2	%		3,779		2.0	%		4,368		2.3	%		5,717		2.7	%
5                     Caa and lower		604		0.3	%		622		0.3	%		715		0.4	%		1,734		0.9	%		2,756		1.3	%
6                     In or near default		27		0.0	%		63		0.0	%		75		0.0	%		80		0.0	%		206		0.1	%
Total fixed maturity securities available-for-sale	$	231,013		100.0	%	$	212,125		100.0	%	$	188,251		100.0	%	$	191,415		100.0	%	$	211,563		100.0	%
(1)    Amounts presented are based on rating agency designations. Comparisons between the National Association of Insurance Commissioners (“NAIC”) ratings and rating agency designations are published by the NAIC.

40

METLIFE, INC.

SUMMARY OF COMMERCIAL MORTGAGE LOANS BY REGION AND PROPERTY TYPE
	June 30, 2008					September 30, 2008					December 31, 2008					March 31, 2009					June 30, 2009
Unaudited (In millions)	Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total
Pacific	$	8,657		24.6	%	$	8,581		23.9	%	$	8,837		24.6	%	$	8,757		24.4	%	$	8,679		24.8	%
South Atlantic		7,861		22.3	%		8,099		22.6	%		8,101		22.5	%		8,064		22.5	%		7,627		21.8	%
Middle Atlantic		5,291		15.1	%		5,784		16.1	%		5,931		16.5	%		6,129		17.1	%		5,879		16.8	%
International		3,903		11.1	%		3,695		10.3	%		3,414		9.5	%		3,350		9.3	%		3,461		9.9	%
West South Central		2,856		8.1	%		3,059		8.5	%		3,070		8.5	%		3,006		8.4	%		2,908		8.3	%
East North Central		2,570		7.3	%		2,607		7.3	%		2,591		7.2	%		2,580		7.2	%		2,561		7.3	%
New England		1,514		4.3	%		1,535		4.3	%		1,529		4.3	%		1,517		4.2	%		1,465		4.2	%
Mountain		1,058		3.0	%		1,058		2.9	%		1,052		2.9	%		1,049		2.9	%		1,044		3.0	%
West North Central		762		2.2	%		758		2.1	%		716		2.0	%		682		1.9	%		677		1.9	%
East South Central		470		1.3	%		470		1.3	%		468		1.3	%		465		1.4	%		462		1.3	%
Other		257		0.7	%		256		0.7	%		256		0.7	%		254		0.7	%		254		0.7	%
Total	$	35,199		100.0	%	$	35,902		100.0	%	$	35,965		100.0	%	$	35,853		100.0	%	$	35,017		100.0	%
Office	$	15,048		42.8	%	$	15,344		42.8	%	$	15,307		42.6	%	$	15,215		42.4	%		14,832		42.3	%
Retail		8,210		23.3	%		8,093		22.5	%		8,038		22.3	%		8,002		22.3	%		7,941		22.7	%
Apartments		4,022		11.4	%		4,135		11.5	%		4,113		11.4	%		4,062		11.3	%		3,838		11.0	%
Hotel		3,138		8.9	%		3,132		8.7	%		3,078		8.6	%		3,058		8.6	%		3,076		8.8	%
Industrial		2,871		8.2	%		2,849		8.0	%		2,901		8.1	%		2,818		7.9	%		2,802		8.0	%
Other		1,910		5.4	%		2,349		6.5	%		2,528		7.0	%		2,698		7.5	%		2,528		7.2	%
Total	$	35,199		100.0	%	$	35,902		100.0	%	$	35,965		100.0	%	$	35,853		100.0	%	$	35,017		100.0	%

SUMMARY OF REAL ESTATE AND REAL ESTATE JOINT VENTURES

	June 30,		September 30,		December 31,		March 31,		June 30,
Unaudited (In millions)	2008		2008		2008		2009		2009
Wholly-owned	$	4,017	$	4,063	$	4,062	$	4,059	$	4,069
Joint ventures		3,308		3,489		3,522		3,319		3,141
Subtotal		7,325		7,552		7,584		7,378		7,210
Foreclosed		3		3		2		3		86
Total Real Estate and Real Estate Joint Ventures (1)	$	7,328	$	7,555	$	7,586	$	7,381	$	7,296
SUMMARY OF MORTGAGE AND CONSUMER LOANS
	June 30,		September 30,		December 31,		March 31,		June 30,
Unaudited (In millions)		2008		2008		2008		2009		2009
Commercial mortgage loans	$	35,199	$	35,902	$	35,965	$	35,853	$	35,017
Agricultural mortgage loans		11,590		12,071		12,234		12,066		11,913
Consumer loans		1,190		1,209		1,153		1,155		1,299
Mortgage loans held-for-sale		179		1,424		2,012		3,970		4,271
Total	$	48,158	$	50,606	$	51,364	$	53,044	$	52,500

(1) Includes real estate held-for-sale and held-for-investment.

41

Company Ratings as of July 28, 2009

Insurer financial strength ratings represent the opinions of rating agencies, including A.M. Best Company (“A.M. Best”), Fitch Ratings Insurance Group (“Fitch”), Moody’s Investors Service (“Moody’s”) and Standard & Poor’s (“S&P”), regarding the ability of an insurance company to meet its financial obligations to policyholders and contract holders. Credit ratings represent the opinions of rating agencies regarding an issuer’s ability to repay its indebtedness. Our insurer financial strength ratings and credit ratings as of July 28, 2009 are listed in the tables below:

	A.M. Best	Fitch*	Moody’s*	S&P*
Insurer Financial Strength Ratings
First MetLife Investors Insurance Co.	A+	NR	NR	AA-
General American Life Insurance Company	A+	AA	Aa2	AA-
MetLife Insurance Company of Connecticut	A+	AA	Aa2	AA-
MetLife Investors Insurance Company	A+	AA	Aa2	AA-
MetLife Investors USA Insurance Company	A+	AA	Aa2	AA-
Metropolitan Casualty Insurance Company	A	NR	NR	NR
Metropolitan Direct Property and Casualty Insurance Co.	A	NR	NR	NR
Metropolitan General Insurance Company	A	NR	NR	NR
Metropolitan Group Property & Casualty Insurance Co.	A	NR	NR	NR
Metropolitan Life Insurance Company	A+	AA	Aa2	AA-
Metropolitan Lloyds Insurance Company of Texas	A	NR	NR	NR
Metropolitan Property and Casualty Insurance Company	A	NR	NR	NR
Metropolitan Tower Life Insurance Company	A+	NR	Aa3	NR
New England Life Insurance Company	A+	AA	Aa2	AA-
Credit Ratings
MetLife Short Term Funding LLC
Commercial Paper	NR	NR	P-1	A-1+
General American Life Insurance Company
(Surplus Notes)	a	NR	A1	A
MetLife, Inc.
Commercial Paper	AMB-1	F1	P-1	A-2
Senior Unsecured Debt	a-	A	A2	A-
Subordinated Debt	bbb+	NR	A3	NR
Junior Subordinated Debt	bbb	A-	Baa1	BBB
Preferred Stock	bbb	A-	Baa1	BBB
Non-Cumulative Perpetual Preferred Stock	bbb	A-	Baa1	BBB-
MetLife Capital Trust IV & X
Trust Securities	bbb	A-	Baa1	BBB
MetLife Funding, Inc.
Commercial Paper	AMB-1+	F1+	P-1	A-1+
Metropolitan Life Global Funding I
Senior Secured Debt	aa-	NR	Aa2	AA-
MetLife Institutional Funding I, LLC
Senior Secured Debt	aa-	NR	Aa2	AA-
Metropolitan Life Insurance Company
Surplus Notes	a	A+	A1	A

*	Currently on negative outlook
NR	Not Rated

42