EX-99.2

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 OPERATIONS
Statements of Operating Earnings Available to Common Shareholders			11
Future Policy Benefits and Policyholder Account Balances and Separate Account Liabilities			15
Other Expenses by Major Category			16
Spreads by Product			17

INDIVIDUAL OPERATIONS
Statements of Operating Earnings Available to Common Shareholders			18
Premiums and Deposits by Product			23
Additional Statistical Information			24
Future Policy Benefits and Policyholder Account Balances and Separate Account Liabilities			25
Insurance Expenses and Other Expenses by Major Category			26
Spreads by Product			27

AUTO & HOME OPERATIONS
Statements of Operating Earnings Available to Common Shareholders			28
Written Premiums by Product and Selected Financial Information and Supplemental Data			31

INTERNATIONAL OPERATIONS
Statement of Operating Earnings Available to Common Shareholders			32

REINSURANCE OPERATIONS
Statement of Operating Earnings Available to Common Shareholders			33
Pre-Tax and Pre-Minority Interest Operating Earnings by Region and Reserves by Region			34

CORPORATE, OTHER & ELIMINATIONS
Statement of Operating Earnings Available to Common Shareholders			35

METLIFE, INC.
Investment Results by Asset Category and Annualized Yields			36
Fixed Maturity Securities and Equity Securities Gross Unrealized Gains and Losses Aging Schedules			38
Summary of Fixed Maturity Securities Available-for-Sale by Sector and Quality Distribution, and Summary of Commercial Mortgage Loans by Region and Property Type			39
Summary of Real Estate and Summary of Mortgages and Consumer Loans			40

OTHER INFORMATION
Company Ratings			41

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, excluding net investment gains and losses, net of income tax, adjustments related to net investment gains and losses, net of income tax, and discontinued operations other than discontinued real estate, 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, which are recorded in Corporate & Other. Operating earnings available to common shareholders per diluted common share is calculated by dividing operating earnings available to 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, and adjustments related to net investment gains and losses, net of income tax, both of which can fluctuate significantly from period to period, and discontinued operations other than discontinued real estate, net of income tax, thereby highlighting the results from operations and the underlying profitability drivers of the business. Operating earnings, operating earnings available to common shareholders and operating earnings available to common shareholders per diluted common share should not be viewed as substitutes for GAAP net income, GAAP net income available to common shareholders and GAAP net income available to common shareholders per diluted common share, respectively. Reconciliations of operating earnings to GAAP net income, operating earnings available to common shareholders to GAAP net income available to common shareholders and operating earnings available to common shareholders per diluted common share to GAAP net income available to common shareholders per diluted common share, the most directly comparable GAAP measures, are included in the QFS and in MetLife’s earnings press release dated February 6, 2008, for the quarter ended December 31, 2007, which are available at www.metlife.com.

CORPORATE OVERVIEW
Unaudited (In millions, except per share data)



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
	2006			2007			2007			2007			2007


Net income	$	3,863		$	1,017		$	1,163		$	1,019		$	1,118
Preferred stock dividends		34			34			34			34			35

Net income available to common shareholders		3,829			983			1,129			985			1,083

Net investment gains (losses)		4,324			(95	)		(309	)		(339	)		(264	)
Minority interest — net investment gains (losses)		(2	)		4			4			10			15
Net investment gains (losses) tax benefit (provision)		(1,531	)		33			112			114			67

Net investment gains (losses), net of income tax (1) (2)		2,791			(58	)		(193	)		(215	)		(182	)

Adjustments related to universal life and investment-type product policy fees		3			0			(10	)		(4	)		2
Adjustments related to policyholder benefits and dividends		(98	)		(65	)		(34	)		(65	)		10
Adjustments related to other expenses		49			25			49			77			85
Adjustments related to tax benefit (provision)		17			14			(1	)		(3	)		(33	)

Adjustments related to net investment gains (losses), net of income tax (3)		(29	)		(26	)		4			5			64

Discontinued operations, net of income tax		13			(15	)		7			34			(7	)

Operating earnings available to common shareholders (4)	$	1,054		$	1,082		$	1,311		$	1,161		$	1,208


Net income available to common shareholders per common share — diluted	$	4.95		$	1.28		$	1.48		$	1.29		$	1.44
Net investment gains (losses), net of income tax		3.61			(0.08	)		(0.26	)		(0.28	)		(0.24	)
Adjustments related to net investment gains (losses), net of income tax		(0.04	)		(0.03	)		0.01			0.01			0.09
Discontinued operations, net of income tax		0.02			(0.02	)		0.01			0.04			(0.01	)

Operating earnings available to common shareholders — diluted	$	1.36		$	1.41		$	1.72		$	1.52		$	1.60


Weighted average common shares outstanding — diluted		773.1			769.1			763.6			762.7			754.1

Book value per common share (actual common shares outstanding)	$	42.23		$	43.22		$	42.42		$	44.18		$	45.44
Book value per common share, excluding accumulated other comprehensive income (actual common shares outstanding)	$	40.74		$	41.32		$	42.82		$	44.10		$	43.96

Book value per common share — diluted (weighted average common shares outstanding)	$	41.08		$	41.64		$	41.27		$	42.88		$	43.94
Book value per common share, excluding accumulated other comprehensive income — diluted (weighted average common shares outstanding)	$	39.63		$	39.82		$	41.65		$	42.81		$	42.51



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
	2006			2007			2007			2007			2007


Common shares outstanding, beginning of period		760.0			752.0			741.1			742.8			740.3
Treasury stock		(8.0	)		(10.9	)		1.7			(2.5	)		(11.1	)

Common shares outstanding, end of period		752.0			741.1			742.8			740.3			729.2


Weighted average common shares outstanding — basic		759.6			752.7			744.5			744.0			735.9
Dilutive effect of stock-based awards		9.8			10.4			11.6			10.9			11.0
Dilutive effect of stock purchase contracts underlying common equity units		3.7			6.0			7.5			7.8			7.2

Weighted average common shares outstanding — diluted		773.1			769.1			763.6			762.7			754.1


Policyholder Trust Shares		276.9			272.7			267.7			265.2			260.7

SUPPLEMENTAL DATA
Adjusted long-term debt to total capital (5)		26.4	%		26.4	%		25.8	%		25.4	%		26.1	%

(1)		Net investment gains (losses), net of income tax, excludes scheduled periodic settlement payments on derivative instruments not qualifying for hedge accounting treatment of $56 million, $38 million, $41 million, $41 million and $45 million for the three months ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively. For QFS purposes, these settlements are included in net investment income.

(2)		Net investment gains (losses), net of income tax, from real estate and real estate joint ventures includes discontinued operations of $3,021 million, $3 million, $0 million, $0 million and $5 million for the three months ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively.

(3)		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)		Presentation of operating earnings available to common shareholders throughout the QFS differs from other public filings with respect to discontinued operations and scheduled periodic settlement payments on derivatives not qualifying for hedge accounting treatment. 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”).

(5)		Total capital is defined as adjusted long-term debt, shares subject to mandatory redemption and stockholders’ equity net of accumulated comprehensive income. Adjusted long-term debt is as follows:



	December 31,			March 31,			June 30,			September 30,			December 31,
	2006			2007			2007			2007			2007


Short-term debt (a)	$	723		$	731		$	740		$	750		$	307
Long-term debt		9,129			9,488			9,393			9,459			9,628
Adjustment to long-term debt (b)		(1,834	)		(2,187	)		(2,061	)		(2,096	)		(2,312	)
Junior subordinated debt		3,780			3,780			3,780			3,780			4,474

Total adjusted long-term debt	$	11,798		$	11,812		$	11,852		$	11,893		$	12,097

(a)		Short-term debt supporting long-term needs.

(b)		Long-term debt adjustments include: (i) capital lease obligations, (ii) FIN 45 liabilities, (iii) non-recourse debt and (iv) debt with active risk management employed and when there is little to no risk that the assets will not be available to repay the funding.

METLIFE, INC.

CONSOLIDATED BALANCE SHEETS (1)



	December 31,			March 31,			June 30,			September 30,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007


ASSETS
Fixed maturity securities, at fair value	$	242,687		$	248,693		$	251,963		$	253,196		$	243,021
Equity securities, at fair value		5,094			5,134			6,046			6,250			6,050
Mortgage and consumer loans		42,239			43,936			43,755			44,849			47,030
Policy loans		10,228			10,177			10,251			10,321			10,419
Real estate and real estate joint ventures		4,986			5,427			5,933			6,360			6,769
Other limited partnership interests		4,781			4,948			5,111			5,371			6,155
Short-term investments		2,709			2,483			2,763			1,727			2,648
Other invested assets		10,428			9,713			10,302			11,258			12,642

Total Investments		323,152			330,511			336,124			339,332			334,734

Cash and cash equivalents		7,107			6,545			6,504			8,627			10,368
Accrued investment income		3,347			3,300			3,710			3,952			3,630
Premiums and other receivables		14,490			15,581			15,297			16,549			14,607
Deferred policy acquisition costs and value of business acquired		20,838			20,371			21,067			21,310			21,521
Assets of subsidiaries held-for-sale		1,563			1,568			1,560			0			0
Current income tax recoverable		0			122			0			0			303
Goodwill		4,897			4,897			4,904			4,909			4,910
Other assets		7,956			7,602			7,563			7,719			8,330
Separate account assets		144,365			147,312			155,835			160,679			160,159

Total Assets	$	527,715		$	537,809		$	552,564		$	563,077		$	558,562


LIABILITIES AND EQUITY
Liabilities
Future policy benefits	$	127,489		$	128,369		$	129,348		$	131,126		$	132,262
Policyholder account balances		131,948			132,489			136,514			138,900			137,349
Other policyholder funds		9,139			9,467			9,772			10,345			10,176
Policyholder dividends payable		960			961			1,006			1,045			994
Policyholder dividend obligation		1,063			974			378			630			789
Short-term debt		1,449			3,375			1,476			1,880			667
Long-term debt		9,129			9,488			9,393			9,459			9,628
Collateral financing arrangements		850			850			3,104			3,177			5,732
Junior subordinated debt securities		3,780			3,780			3,780			3,780			4,474
Shares subject to mandatory redemption		278			278			279			279			159
Liabilities of subsidiaries held-for-sale		1,595			1,598			1,616			0			0
Current income tax payable		1,465			0			7			333			0
Deferred income tax liability		2,278			1,992			1,050			1,323			2,457
Payables for collateral under securities loaned and other transactions		45,846			48,140			50,590			49,283			44,136
Other liabilities		12,283			14,667			14,861			16,092			14,401
Separate account liabilities		144,365			147,312			155,835			160,679			160,159

Total Liabilities		493,917			503,740			519,009			528,331			523,383


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		17,454			17,503			17,495			17,522			17,098
Retained earnings		16,574			17,228			18,357			19,342			19,884
Treasury stock		(1,357	)		(2,073	)		(2,014	)		(2,183	)		(2,890	)
Accumulated other comprehensive income		1,118			1,402			(292	)		56			1,078

Total Stockholders’ Equity		33,798			34,069			33,555			34,746			35,179

Total Liabilities and Stockholders’ Equity	$	527,715		$	537,809		$	552,564		$	563,077		$	558,562

(1)

Certain prior period amounts have been reclassified to conform with current period presentation.

METLIFE, INC.

CONSOLIDATED STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007


REVENUES
Premiums	$	6,979		$	6,765		$	6,903		$	6,944		$	7,283
Universal life and investment-type product policy fees		1,229			1,280			1,317			1,319			1,407
Investment income, net		4,675			4,582			4,902			4,765			5,029
Other revenues		360			384			411			364			374

		13,243			13,011			13,533			13,392			14,093


EXPENSES
Policyholder benefits and dividends		7,318			7,132			7,253			7,387			7,628
Interest credited to policyholder account balances		1,381			1,372			1,460			1,453			1,430
Interest credited to bank deposits		52			51			49			50			49
Interest expenses		218			224			241			274			284
Other expenses		2,778			2,650			2,597			2,520			2,953

		11,747			11,429			11,600			11,684			12,344


Operating earnings before provision (benefit) for income tax		1,496			1,582			1,933			1,708			1,749
Provision for income tax		408			466			588			513			506

Operating earnings		1,088			1,116			1,345			1,195			1,243
Preferred stock dividends		34			34			34			34			35

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	1,054		$	1,082		$	1,311		$	1,161		$	1,208


Net Income Reconciliation

Operating earnings available to common shareholders	$	1,054		$	1,082		$	1,311		$	1,161		$	1,208

Net investment gains (losses)		4,324			(95	)		(309	)		(339	)		(264	)
Minority interest — net investment gains (losses)		(2	)		4			4			10			15
Net investment gains (losses) tax benefit (provision)		(1,531	)		33			112			114			67

Net investment gains (losses), net of income tax		2,791			(58	)		(193	)		(215	)		(182	)

Adjustments related to universal life and investment-type product policy fees		3			0			(10	)		(4	)		2
Adjustments related to policyholder benefits and dividends		(98	)		(65	)		(34	)		(65	)		10
Adjustments related to other expenses		49			25			49			77			85
Adjustments related to tax benefit (provision)		17			14			(1	)		(3	)		(33	)

Adjustments related to net investment gains (losses), net of income tax (1)		(29	)		(26	)		4			5			64

Discontinued operations, net of income tax		13			(15	)		7			34			(7	)

Net income available to common shareholders		3,829			983			1,129			985			1,083
Preferred stock dividends		34			34			34			34			35

Net income	$	3,863		$	1,017		$	1,163		$	1,019		$	1,118

(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.

METLIFE, INC.

CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2007



																		Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual		Auto & Home			International			Reinsurance			& Eliminations


ASSETS
Total investments	$	334,734		$	142,617		$	122,151	$	3,760		$	15,873		$	15,857		$	34,476
Cash and cash equivalents		10,368			(230	)		1,351		140			935			272			7,900
Accrued investment income		3,630			1,325			1,236		56			185			78			750
Premiums and other receivables		14,607			4,645			2,131		941			724			1,440			4,726
Deferred policy acquisition costs and value of business acquired		21,521			923			14,236		193			2,648			3,513			8
Assets of subsidiaries held-for-sale		0			0			0		0			0			0			0
Current income tax recoverable		303			90			329		8			(20	)		(33	)		(71	)
Goodwill		4,910			978			2,957		157			313			96			409
Other assets		8,330			1,611			3,382		417			504			91			2,325
Separate account assets		160,159			52,046			102,918		0			5,195			17			(17	)

Total Assets	$	558,562		$	204,005		$	250,691	$	5,672		$	26,357		$	21,331		$	50,506


LIABILITIES AND EQUITY
Liabilities
Future policy benefits	$	132,262		$	51,890		$	56,542	$	3,273		$	9,825		$	6,159		$	4,573
Policyholder account balances		137,349			66,083			55,115		0			4,961			6,657			4,533
Other policyholder funds		10,176			3,174			3,128		51			1,296			2,297			230
Policyholder dividends payable		994			0			994		0			0			0			0
Policyholder dividend obligation		789			0			789		0			0			0			0
Short-term debt		667			0			0		0			0			0			667
Long-term debt		9,628			2			130		0			77			528			8,891
Collateral financing arrangements		5,732			0			0		0			0			850			4,882
Junior subordinated debt securities		4,474			0			0		0			0			399			4,075
Shares subject to mandatory redemption		159			0			0		0			0			159			0
Liabilities of subsidiaries held-for-sale		0			0			0		0			0			0			0
Current income tax payable		0			0			0		0			0			0			0
Deferred income tax liability		2,457			(1,262	)		2,384		(17	)		19			941			392
Payables for collateral under securities loaned and other transactions		44,136			19,121			15,414		266			0			0			9,335
Other liabilities		14,401			3,020			3,001		594			1,533			1,906			4,347
Separate account liabilities		160,159			52,046			102,918		0			5,195			17			(17	)

Total Liabilities		523,383			194,074			240,415		4,167			22,906			19,913			41,908


Equity
Preferred stock, at par value		1			0			0		0			0			0			1
Common stock, at par value		8			0			0		0			0			0			8
Allocated equity (1)		36,982			9,667			10,145		1,441			2,983			1,140			11,606
Treasury stock		(2,890	)		0			0		0			0			0			(2,890	)
Accumulated other comprehensive income		1,078			264			131		64			468			278			(127	)

Total Stockholders’ Equity		35,179			9,931			10,276		1,505			3,451			1,418			8,598


Total Liabilities and Stockholders’ Equity	$	558,562		$	204,005		$	250,691	$	5,672		$	26,357		$	21,331		$	50,506

(1)

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

Revised

METLIFE, INC.

CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS
FOR THE THREE MONTHS ENDED DECEMBER 31, 2007




																			Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			Auto & Home			International			Reinsurance			& Eliminations


REVENUES
Premiums	$	7,283		$	3,113		$	1,224		$	761		$	824		$	1,348		$	13
Universal life and investment-type product policy fees		1,407			225			902			0			280			0			0
Investment income, net		5,029			2,208			1,813			56			359			219			374
Other revenues		374			179			153			16			2			17			7

		14,093			5,725			4,092			833			1,465			1,584			394


EXPENSES
Policyholder benefits and dividends		7,628			3,496			1,964			478			574			1,102			14
Interest credited to policyholder account balances		1,430			777			522			0			86			45			0
Capitalization of deferred policy acquisition costs		(1,070	)		(59	)		(425	)		(113	)		(257	)		(214	)		(2	)
Amortization of deferred policy acquisition costs		758			69			305			119			93			171			1
Other expenses		3,598			640			1,146			214			762			422			414

		12,344			4,923			3,512			698			1,258			1,526			427


Operating earnings before provision (benefit) for income tax		1,749			802			580			135			207			58			(33	)
Provision (benefit) for income tax		506			275			198			32			14			19			(32	)

Operating earnings		1,243			527			382			103			193			39			(1	)
Preferred stock dividends		35			0			0			0			0			0			35

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	1,208		$	527		$	382		$	103		$	193		$	39			($36	)


Net Income Reconciliation

Operating earnings available to common shareholders	$	1,208		$	527		$	382		$	103		$	193		$	39			($36	)

Net investment gains (losses)		(264	)		(125	)		(25	)		4			(10	)		(97	)		(11	)
Minority interest — net investment gains (losses)		15			0			0			0			0			15			0
Net investment gains (losses) tax benefit (provision)		67			41			8			(2	)		5			29			(14	)

Net investment gains (losses), net of income tax		(182	)		(84	)		(17	)		2			(5	)		(53	)		(25	)

Adjustments related to universal life and investment-type product policy fees		2			0			2			0			0			0			0
Adjustments related to policyholder benefits and dividends		10			26			(51	)		0			35			0			0
Adjustments related to other expenses		85			0			19			0			0			66			0
Adjustments related to tax benefit (provision)		(33	)		(10	)		13			0			(12	)		(24	)		0

Adjustments related to net investment gains (losses), net of income tax (1)		64			16			(17	)		0			23			42			0

Discontinued operations, net of income tax		(7	)		0			0			0			(6	)		0			(1	)

Net income available to common shareholders		1,083			459			348			105			205			28			(62	)
Preferred stock dividends		35			0			0			0			0			0			35

Net income	$	1,118		$	459		$	348		$	105		$	205		$	28			($27	)

Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	9,064		$	3,517		$	2,279		$	777		$	1,106		$	1,365		$	20


(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.

METLIFE, INC.
CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS
FOR THE THREE MONTHS ENDED DECEMBER 31, 2006




																			Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			Auto & Home			International			Reinsurance			& Eliminations


REVENUES
Premiums	$	6,979		$	3,050		$	1,237		$	742		$	740		$	1,201		$	9
Universal life and investment-type product policy fees		1,229			172			836			0			221			0			0
Investment income, net		4,675			2,020			1,801			44			259			231			320
Other revenues		360			175			141			4			12			19			9

		13,243			5,417			4,015			790			1,232			1,451			338


EXPENSES
Policyholder benefits and dividends		7,318			3,421			1,881			411			644			957			4
Interest credited to policyholder account balances		1,381			694			513			0			77			97			0
Capitalization of deferred policy acquisition costs		(862	)		(71	)		(372	)		(116	)		(138	)		(165	)		0
Amortization of deferred policy acquisition costs		635			41			263			117			107			103			4
Other expenses		3,275			664			1,097			223			511			409			371

		11,747			4,749			3,382			635			1,201			1,401			379


Operating earnings before provision (benefit) for income tax		1,496			668			633			155			31			50			(41	)
Provision (benefit) for income tax		408			227			218			40			15			17			(109	)

Operating earnings		1,088			441			415			115			16			33			68
Preferred stock dividends		34			0			0			0			0			0			34

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	1,054		$	441		$	415		$	115		$	16		$	33		$	34


Net Income Reconciliation

Operating earnings available to common shareholders	$	1,054		$	441		$	415		$	115		$	16		$	33		$	34

Net investment gains (losses)		4,324			(253	)		(134	)		8			(6	)		11			4,698
Minority interest — net investment gains (losses)		(2	)		0			0			0			0			(2	)		0
Net investment gains (losses) tax benefit (provision)		(1,531	)		85			46			(3	)		(2	)		(3	)		(1,654	)

Net investment gains (losses), net of income tax		2,791			(168	)		(88	)		5			(8	)		6			3,044

Adjustments related to universal life and investment-type product policy fees		3			0			3			0			0			0			0
Adjustments related to policyholder benefits and dividends		(98	)		(21	)		(22	)		0			(55	)		0			0
Adjustments related to other expenses		49			0			55			0			0			(6	)		0
Adjustments related to tax benefit (provision)		17			7			(12	)		0			20			2			0

Adjustments related to net investment gains (losses), net of income tax (1)		(29	)		(14	)		24			0			(35	)		(4	)		0

Discontinued operations, net of income tax		13			0			0			0			11			0			2

Net income available to common shareholders		3,829			259			351			120			(16	)		35			3,080
Preferred stock dividends		34			0			0			0			0			0			34

Net income	$	3,863		$	259		$	351		$	120			($16	)	$	35		$	3,114

Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	8,568		$	3,397		$	2,214		$	746		$	973		$	1,220		$	18


(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.

METLIFE, INC.
CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS
FOR THE YEAR ENDED DECEMBER 31, 2007




																			Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			Auto & Home			International			Reinsurance			& Eliminations


REVENUES
Premiums	$	27,895		$	12,392		$	4,496		$	2,966		$	3,096		$	4,910		$	35
Universal life and investment-type product policy fees		5,323			803			3,525			0			995			0			0
Investment income, net		19,278			8,383			7,098			196			1,250			872			1,479
Other revenues		1,533			726			599			45			23			77			63

		54,029			22,304			15,718			3,207			5,364			5,859			1,577


EXPENSES
Policyholder benefits and dividends		29,400			13,803			7,229			1,811			2,521			3,989			47
Interest credited to policyholder account balances		5,715			3,068			2,030			0			355			262			0
Capitalization of deferred policy acquisition costs		(3,892	)		(249	)		(1,618	)		(471	)		(743	)		(803	)		(8	)
Amortization of deferred policy acquisition costs		3,011			251			1,346			468			309			627			10
Other expenses		12,823			2,436			4,429			833			2,182			1,545			1,398

		47,057			19,309			13,416			2,641			4,624			5,620			1,447

Operating earnings before provision (benefit) for income tax		6,972			2,995			2,302			566			740			239			130
Provision (benefit) for income tax		2,073			1,028			789			140			172			83			(139	)

Operating earnings		4,899			1,967			1,513			426			568			156			269
Preferred stock dividends		137			0			0			0			0			0			137

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	4,762		$	1,967		$	1,513		$	426		$	568		$	156		$	132

Operating Return on Common Equity (1)		15.2	%

Net Income Reconciliation

Operating earnings available to common shareholders	$	4,762		$	1,967		$	1,513		$	426		$	568		$	156		$	132

Net investment gains (losses)		(1,007	)		(794	)		(144	)		16			53			(178	)		40
Minority interest — net investment gains (losses)		33			0			0			0			0			33			0
Net investment gains (losses) tax benefit (provision)		326			278			48			(6	)		(15	)		51			(30	)

Net investment gains (losses), net of income tax		(648	)		(516	)		(96	)		10			38			(94	)		10

Adjustments related to universal life and investment-type product policy fees		(12	)		0			(12	)		0			0			0			0
Adjustments related to policyholder benefits and dividends		(154	)		(3	)		(210	)		0			59			0			0
Adjustments related to other expenses		236			0			126			0			0			110			0
Adjustments related to tax benefit (provision)		(23	)		1			36			0			(21	)		(39	)		0

Adjustments related to net investment gains (losses), net of income tax (2)		47			(2	)		(60	)		0			38			71			0

Discontinued operations, net of income tax		19			0			0			0			(9	)		0			28

Net income available to common shareholders		4,180			1,449			1,357			436			635			133			170
Preferred stock dividends		137			0			0			0			0			0			137

Net income	$	4,317		$	1,449		$	1,357		$	436		$	635		$	133		$	307

Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	34,751		$	13,921		$	8,620		$	3,011		$	4,114		$	4,987		$	98

Net Income Return on Common Equity, excluding AOCI (3)		13.3	%
Net Income Return on Common Equity (3)		12.9	%


(1)		Operating return on common equity is defined as operating earnings available to common shareholders divided by average GAAP common equity, excluding accumulated other comprehensive income.

(2)		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.

(3)		Net income return on common equity is defined as net income available to common shareholders divided by average GAAP common equity. Segment net income return on common equity is defined as segment return on equity divided by average allocated equity.

METLIFE, INC.
CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS
FOR THE YEAR ENDED DECEMBER 31, 2006




																			Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			Auto & Home			International			Reinsurance			& Eliminations


REVENUES
Premiums	$	26,412		$	11,867		$	4,516		$	2,924		$	2,722		$	4,348		$	35
Universal life and investment-type product policy fees		4,786			775			3,207			0			804			0			0
Investment income, net		17,466			7,496			6,968			177			950			732			1,143
Other revenues		1,362			685			527			22			28			66			34

		50,026			20,823			15,218			3,123			4,504			5,146			1,212


EXPENSES
Policyholder benefits and dividends		28,022			13,347			7,073			1,723			2,352			3,490			37
Interest credited to policyholder account balances		5,165			2,587			2,035			0			289			254			0
Capitalization of deferred policy acquisition costs		(3,589	)		(307	)		(1,497	)		(464	)		(580	)		(741	)		0
Amortization of deferred policy acquisition costs		2,654			183			1,141			459			362			504			5
Other expenses		11,949			2,438			4,108			850			1,747			1,462			1,344

		44,201			18,248			12,860			2,568			4,170			4,969			1,386


Operating earnings before provision (benefit) for income tax		5,825			2,575			2,358			555			334			177			(174	)
Provision (benefit) for income tax		1,669			875			815			141			106			62			(330	)

Operating earnings		4,156			1,700			1,543			414			228			115			156
Preferred stock dividends		134			0			0			0			0			0			134

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	4,022		$	1,700		$	1,543		$	414		$	228		$	115		$	22


Operating Return on Common Equity (1)		14.4	%

Net Income Reconciliation

Operating earnings available to common shareholders	$	4,022		$	1,700		$	1,543		$	414		$	228		$	115		$	22

Net investment gains (losses)		3,117			(802	)		(627	)		4			(10	)		7			4,545
Minority interest — net investment gains (losses)		0			0			0			0			0			0			0
Net investment gains (losses) tax benefit (provision)		(1,114	)		282			223			(2	)		(9	)		(3	)		(1,605	)

Net investment gains (losses), net of income tax		2,003			(520	)		(404	)		2			(19	)		4			2,940

Adjustments related to universal life and investment-type product policy fees		(6	)		0			(6	)		0			0			0			0
Adjustments related to policyholder benefits and dividends		(110	)		(20	)		(33	)		0			(57	)		0			0
Adjustments related to other expenses		231			0			233			0			0			(2	)		0
Adjustments related to tax benefit (provision)		(41	)		7			(69	)		0			20			1			0

Adjustments related to net investment gains (losses), net of income tax (2)		74			(13	)		125			0			(37	)		(1	)		0

Discontinued operations, net of income tax		60			0			0			0			28			0			32

Net income available to common shareholders		6,159			1,167			1,264			416			200			118			2,994
Preferred stock dividends		134			0			0			0			0			0			134

Net income	$	6,293		$	1,167		$	1,264		$	416		$	200		$	118		$	3,128

Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	32,560		$	13,327		$	8,250		$	2,946		$	3,554		$	4,414		$	69


Net Income Return on Common Equity, excluding AOCI (3)		22.1	%
Net Income Return on Common Equity (3)		20.9	%


(1)		Operating return on common equity is defined as operating earnings available to common shareholders divided by average GAAP common equity, excluding accumulated other comprehensive income.

(2)		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.

(3)		Net income return on common equity is defined as net income available to common shareholders divided by average GAAP common equity. Segment net income return on common equity is defined as segment return on equity divided by average allocated equity.

INSTITUTIONAL OPERATIONS

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — TOTAL



	For the Three Months Ended															For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	3,050		$	3,125		$	3,074		$	3,080		$	3,113		$	11,867		$	12,392
Universal life and investment-type product policy fees		172			191			186			201			225			775			803
Investment income, net		2,020			1,967			2,140			2,068			2,208			7,496			8,383
Other revenues		175			190			177			180			179			685			726

		5,417			5,473			5,577			5,529			5,725			20,823			22,304


EXPENSES
Policyholder benefits and dividends		3,421			3,463			3,398			3,446			3,496			13,347			13,803
Interest credited to policyholder account balances		694			722			767			802			777			2,587			3,068
Other expenses		634			600			618			570			650			2,314			2,438

		4,749			4,785			4,783			4,818			4,923			18,248			19,309


Operating earnings before provision (benefit) for income tax		668			688			794			711			802			2,575			2,995
Provision (benefit) for income tax		227			236			273			244			275			875			1,028

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	441		$	452		$	521		$	467		$	527		$	1,700		$	1,967


Net Income Reconciliation

Operating earnings available to common shareholders	$	441		$	452		$	521		$	467		$	527		$	1,700		$	1,967

Net investment gains (losses)		(253	)		(137	)		(261	)		(271	)		(125	)		(802	)		(794	)
Minority interest — net investment gains (losses)		0			0			0			0			0			0			0
Net investment gains (losses) tax benefit (provision)		85			49			93			95			41			282			278

Net investment gains (losses), net of income tax		(168	)		(88	)		(168	)		(176	)		(84	)		(520	)		(516	)

Adjustments related to universal life and investment-type product policy fees		0			0			0			0			0			0			0
Adjustments related to policyholder benefits and dividends		(21	)		(12	)		13			(30	)		26			(20	)		(3	)
Adjustments related to other expenses		0			0			0			0			0			0			0
Adjustments related to tax benefit (provision)		7			4			(4	)		11			(10	)		7			1

Adjustments related to net investment gains (losses), net of income tax (1)		(14	)		(8	)		9			(19	)		16			(13	)		(2	)

Discontinued operations, net of income tax		0			0			0			0			0			0			0

Net income available to common shareholders		259			356			362			272			459			1,167			1,449
Preferred stock dividends		0			0			0			0			0			0			0

Net income	$	259		$	356		$	362		$	272		$	459		$	1,167		$	1,449


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	3,397		$	3,506		$	3,437		$	3,461		$	3,517		$	13,327		$	13,921



Actual Number of Sales Representatives		642			646			634			636			637


(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.

INSTITUTIONAL OPERATIONS
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
Group Life



	For the Three Months Ended															For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	1,478		$	1,576		$	1,574		$	1,556		$	1,525		$	5,937		$	6,231
Universal life and investment-type product policy fees		171			189			184			196			220			759			789
Investment income, net		334			327			338			347			357			1,267			1,369
Other revenues		16			24			20			19			16			58			79

		1,999			2,116			2,116			2,118			2,118			8,021			8,468


EXPENSES
Policyholder benefits and dividends		1,515			1,626			1,565			1,614			1,599			6,140			6,404
Interest credited to policyholder account balances		153			152			155			155			146			578			608
Other expenses		187			175			180			164			231			658			750

		1,855			1,953			1,900			1,933			1,976			7,376			7,762


Operating earnings before provision (benefit) for income tax		144			163			216			185			142			645			706
Provision (benefit) for income tax		49			56			74			64			49			219			243

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	95		$	107		$	142		$	121		$	93		$	426		$	463


Net investment gains (losses), net of income tax		(26	)		(4	)		11			(57	)		(61	)		(85	)		(111	)
Adjustments related to net investment gains (losses), net of income tax		0			0			0			1			2			4			3
Discontinued operations, net of income tax		0			0			0			0			0			0			0

Net income available to common shareholders		69			103			153			65			34			345			355
Preferred stock dividends		0			0			0			0			0			0			0

Net income	$	69		$	103		$	153		$	65		$	34		$	345		$	355



Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	1,665		$	1,789		$	1,778		$	1,771		$	1,761		$	6,754		$	7,099


Incurred Loss Ratio (Mortality Experience)

Term Life		92.1	%		91.8	%		89.2	%		92.4	%		93.2	%

INSTITUTIONAL OPERATIONS
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
Retirement & Savings



	For the Three Months Ended															For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	436		$	310		$	272		$	330		$	313		$	1,460		$	1,225
Universal life and investment-type product policy fees		1			2			2			2			2			16			8
Investment income, net		1,505			1,468			1,603			1,545			1,638			5,577			6,254
Other revenues		67			71			61			63			69			255			264

		2,009			1,851			1,938			1,940			2,022			7,308			7,751


EXPENSES
Policyholder benefits and dividends		942			787			777			836			818			3,411			3,218
Interest credited to policyholder account balances		541			570			612			646			625			2,009			2,453
Other expenses		114			89			94			92			69			442			344

		1,597			1,446			1,483			1,574			1,512			5,862			6,015


Operating earnings before provision (benefit) for income tax		412			405			455			366			510			1,446			1,736
Provision (benefit) for income tax		140			139			156			126			174			491			595

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	272		$	266		$	299		$	240		$	336		$	955		$	1,141


Net investment gains (losses), net of income tax		(140	)		(81	)		(120	)		(190	)		(147	)		(390	)		(538	)
Adjustments related to net investment gains (losses), net of income tax		(8	)		(4	)		(3	)		(4	)		22			(21	)		11
Discontinued operations, net of income tax		0			0			0			0			0			0			0

Net income available to common shareholders		124			181			176			46			211			544			614
Preferred stock dividends		0			0			0			0			0			0			0

Net income	$	124		$	181		$	176		$	46		$	211		$	544		$	614


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	504		$	383		$	335		$	395		$	384		$	1,731		$	1,497

INSTITUTIONAL OPERATIONS
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
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	1,136		$	1,239		$	1,228		$	1,194		$	1,275		$	4,470		$	4,936
Universal life and investment-type product policy fees		0			0			0			3			3			0			6
Investment income, net		181			172			199			176			213			652			760
Other revenues		92			95			96			98			94			372			383

		1,409			1,506			1,523			1,471			1,585			5,494			6,085


EXPENSES
Policyholder benefits and dividends		964			1,050			1,056			996			1,079			3,796			4,181
Interest credited to policyholder account balances		0			0			0			1			6			0			7
Other expenses		333			336			344			314			350			1,214			1,344

		1,297			1,386			1,400			1,311			1,435			5,010			5,532


Operating earnings before provision (benefit) for income tax		112			120			123			160			150			484			553
Provision (benefit) for income tax		38			41			43			54			52			165			190

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	74		$	79		$	80		$	106		$	98		$	319		$	363


Net investment gains (losses), net of income tax		(2	)		(3	)		(59	)		71			124			(45	)		133
Adjustments related to net investment gains (losses), net of income tax		(6	)		(4	)		12			(16	)		(8	)		4			(16	)
Discontinued operations, net of income tax		0			0			0			0			0			0			0

Net income available to common shareholders		66			72			33			161			214			278			480
Preferred stock dividends		0			0			0			0			0			0			0

Net income	$	66		$	72		$	33		$	161		$	214		$	278		$	480


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	1,228		$	1,334		$	1,324		$	1,295		$	1,372		$	4,842		$	5,325
Group Disability Premiums, Fees and Other Revenues (Included in Total)	$	357		$	405		$	372		$	371		$	410		$	1,398		$	1,558


Incurred Loss Ratio (Morbidity Experience)

Group Disability		95.2	%		87.0	%		90.8	%		91.2	%		90.6	%

INSTITUTIONAL OPERATIONS
FUTURE POLICY BENEFITS AND POLICYHOLDER ACCOUNT BALANCES AND SEPARATE ACCOUNT LIABILITIES
Unaudited (In millions)

FUTURE POLICY BENEFITS AND POLICYHOLDER ACCOUNT BALANCES



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Group Life	2006			2007			2007			2007			2007

Balance, beginning of period	$	16,594		$	16,818		$	17,132		$	17,213		$	17,314
Premiums and deposits		2,854			3,075			3,052			2,917			2,939
Interest on reserves		197			195			198			198			189
Surrenders and withdrawals		(1,111	)		(1,167	)		(1,321	)		(1,270	)		(1,398	)
Benefits and reserves		(1,521	)		(1,627	)		(1,569	)		(1,611	)		(1,605	)
Other		(195	)		(162	)		(279	)		(133	)		(116	)

Balance, end of period	$	16,818		$	17,132		$	17,213		$	17,314		$	17,323



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Retirement & Savings	2006			2007			2007			2007			2007

Balance, beginning of period	$	81,440		$	84,035		$	85,118		$	89,209		$	91,401
Premiums and deposits		3,387			3,245			7,266			3,225			2,064
Interest on reserves		1,086			1,088			1,192			1,440			1,162
Surrenders and withdrawals		(2,143	)		(2,463	)		(3,075	)		(2,622	)		(4,338	)
Benefits and reserves		(676	)		(728	)		(688	)		(716	)		(605	)
Other		941			(59	)		(604	)		865			(151	)

Balance, end of period	$	84,035		$	85,118		$	89,209		$	91,401		$	89,533



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Non-Medical Health & Other	2006			2007			2007			2007			2007

Balance, beginning of period	$	9,277		$	9,541		$	9,798		$	10,089		$	10,819
Premiums and deposits		1,084			1,186			1,174			1,635			1,224
Interest on reserves		86			86			87			94			110
Surrenders and withdrawals		22			27			22			26			18
Benefits and reserves		(980	)		(1,048	)		(1,068	)		(1,022	)		(1,113	)
Other		52			6			76			(3	)		59

Balance, end of period	$	9,541		$	9,798		$	10,089		$	10,819		$	11,117

SEPARATE ACCOUNT LIABILITIES



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Group Life	2006			2007			2007			2007			2007

Balance, beginning of period	$	12,608		$	13,081		$	13,143		$	13,971		$	15,261
Premiums and deposits		627			294			598			153			1,134
Investment performance		146			(100	)		371			452			630
Surrenders and withdrawals		(110	)		(126	)		(133	)		(246	)		(101	)
Policy charges		(8	)		(8	)		(9	)		(9	)		(1	)
Other		(182	)		2			1			940			(9	)

Balance, end of period	$	13,081		$	13,143		$	13,971		$	15,261		$	16,914



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Retirement & Savings	2006			2007			2007			2007			2007

Balance, beginning of period	$	33,121		$	33,521		$	34,155		$	35,207		$	35,607
Premiums and deposits		952			944			1,401			976			754
Investment performance		809			1,414			1,350			877			(186	)
Surrenders and withdrawals		(1,342	)		(1,704	)		(1,689	)		(1,433	)		(1,614	)
Policy charges		(21	)		(22	)		(19	)		(22	)		(36	)
Other		2			2			9			2			8

Balance, end of period	$	33,521		$	34,155		$	35,207		$	35,607		$	34,533



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Non-Medical Health & Other	2006			2007			2007			2007			2007

Balance, beginning of period	$	422		$	445		$	483		$	508		$	552
Premiums and deposits		85			88			86			90			80
Investment performance		(15	)		(6	)		23			42			26
Surrenders and withdrawals		(22	)		(27	)		(22	)		(26	)		(25	)
Policy charges		(25	)		(17	)		(16	)		(14	)		(18	)
Other		0			0			(46	)		(48	)		(16	)

Balance, end of period	$	445		$	483		$	508		$	552		$	599

INSTITUTIONAL OPERATIONS
SPREADS BY PRODUCT
Unaudited



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Group Life	2006			2007			2007			2007			2007


ANNUALIZED GENERAL ACCOUNT SPREADS BY SEGMENT (%)
Investment income yield		6.84	%		6.36	%		6.39	%		6.58	%		6.81	%
Average crediting rate		4.75	%		4.74	%		4.68	%		4.58	%		4.30	%

Spread		2.09	%		1.62	%		1.71	%		2.00	%		2.51	%



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Retirement & Savings	2006			2007			2007			2007			2007


ANNUALIZED GENERAL ACCOUNT SPREADS BY SEGMENT (%)
Investment income yield		7.28	%		6.90	%		7.29	%		6.71	%		7.14	%
Average crediting rate		5.52	%		5.54	%		5.55	%		5.52	%		5.44	%

Spread		1.76	%		1.36	%		1.74	%		1.19	%		1.70	%



	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Non-Medical Health & Other	2006			2007			2007			2007			2007


ANNUALIZED GENERAL ACCOUNT SPREADS BY SEGMENT (%)
Investment income yield		8.43	%		7.84	%		8.35	%		6.53	%		7.59	%
Average crediting rate		4.98	%		4.90	%		4.87	%		4.85	%		4.86	%

Spread		3.45	%		2.94	%		3.48	%		1.68	%		2.73	%

INDIVIDUAL OPERATIONS

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — TOTAL



	For the Three Months Ended															For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	1,237		$	1,075		$	1,098		$	1,099		$	1,224		$	4,516		$	4,496
Universal life and investment-type product policy fees		836			853			890			880			902			3,207			3,525
Investment income, net		1,801			1,741			1,819			1,725			1,813			6,968			7,098
Other revenues		141			146			155			145			153			527			599

		4,015			3,815			3,962			3,849			4,092			15,218			15,718


EXPENSES
Policyholder benefits and dividends		1,881			1,747			1,758			1,760			1,964			7,073			7,229
Interest credited to policyholder account balances		513			507			495			506			522			2,035			2,030
Capitalization of deferred policy acquisition costs		(372	)		(356	)		(414	)		(423	)		(425	)		(1,497	)		(1,618	)
Amortization of deferred policy acquisition costs		263			380			332			329			305			1,141			1,346
Other expenses		1,097			1,052			1,107			1,124			1,146			4,108			4,429

		3,382			3,330			3,278			3,296			3,512			12,860			13,416


Operating earnings before provision (benefit) for income tax		633			485			684			553			580			2,358			2,302
Provision (benefit) for income tax		218			166			235			190			198			815			789

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	415		$	319		$	449		$	363		$	382		$	1,543		$	1,513


Net Income Reconciliation

Operating earnings available to common shareholders	$	415		$	319		$	449		$	363		$	382		$	1,543		$	1,513

Net investment gains (losses)		(134	)		6			(92	)		(33	)		(25	)		(627	)		(144	)
Minority interest — net investment gains (losses)		0			0			0			0			0			0			0
Net investment gains (losses) tax benefit (provision)		46			(3	)		32			11			8			223			48

Net investment gains (losses), net of income tax		(88	)		3			(60	)		(22	)		(17	)		(404	)		(96	)

Adjustments related to universal life and investment-type product policy fees		3			0			(10	)		(4	)		2			(6	)		(12	)
Adjustments related to policyholder benefits and dividends		(22	)		(38	)		(69	)		(52	)		(51	)		(33	)		(210	)
Adjustments related to other expenses		55			27			44			36			19			233			126
Adjustments related to tax benefit (provision)		(12	)		4			13			6			13			(69	)		36

Adjustments related to net investment gains (losses), net of income tax (1)		24			(7	)		(22	)		(14	)		(17	)		125			(60	)

Discontinued operations, net of income tax		0			0			0			0			0			0			0

Net income available to common shareholders		351			315			367			327			348			1,264			1,357
Preferred stock dividends		0			0			0			0			0			0			0

Net income	$	351		$	315		$	367		$	327		$	348		$	1,264		$	1,357


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	2,214		$	2,074		$	2,143		$	2,124		$	2,279		$	8,250		$	8,620


(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.

INDIVIDUAL OPERATIONS
STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — PRODUCT LEVEL
Traditional Life



	For the Three Months Ended															For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	1,142		$	990		$	1,011		$	1,013		$	1,143		$	4,138		$	4,157
Universal life and investment-type product policy fees		0			0			0			0			0			0			0
Investment income, net		845			812			827			822			843			3,286			3,304
Other revenues		5			(1	)		1			(1	)		1			5			0

		1,992			1,801			1,839			1,834			1,987			7,429			7,461


EXPENSES
Policyholder benefits and dividends		1,610			1,456			1,495			1,494			1,680			5,984			6,125
Interest credited to policyholder account balances		0			0			0			0			0			0			0
Capitalization of deferred policy acquisition costs		(59	)		(58	)		(62	)		(63	)		(69	)		(232	)		(252	)
Amortization of deferred policy acquisition costs		(1	)		76			49			52			(29	)		141			148
Other expenses		261			234			242			271			253			952			1,000

		1,811			1,708			1,724			1,754			1,835			6,845			7,021


Operating earnings before provision (benefit) for income tax		181			93			115			80			152			584			440
Provision (benefit) for income tax		61			31			38			26			51			196			146

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	120		$	62		$	77		$	54		$	101		$	388		$	294


Net investment gains (losses), net of income tax		3			6			14			(51	)		(33	)		(103	)		(64	)
Adjustments related to net investment gains (losses), net of income tax		1			(12	)		(33	)		(7	)		(3	)		56			(55	)
Discontinued operations, net of income tax		0			0			0			0			0			0			0

Net income available to common shareholders		124			56			58			(4	)		65			341			175
Preferred stock dividends		0			0			0			0			0			0			0

Net income	$	124		$	56		$	58			($4	)	$	65		$	341		$	175


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	1,147		$	989		$	1,012		$	1,012		$	1,144		$	4,143		$	4,157

INDIVIDUAL OPERATIONS
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
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	0		$	0		$	0		$	0		$	0		$	0		$	0
Universal life and investment-type product policy fees		408			394			395			382			367			1,557			1,538
Investment income, net		211			209			233			206			225			810			873
Other revenues		0			1			0			1			3			(2	)		5

		619			604			628			589			595			2,365			2,416


EXPENSES
Policyholder benefits and dividends		112			132			112			127			127			479			498
Interest credited to policyholder account balances		149			150			153			155			157			586			615
Capitalization of deferred policy acquisition costs		(103	)		(93	)		(102	)		(109	)		(130	)		(404	)		(434	)
Amortization of deferred policy acquisition costs		132			118			100			94			64			443			376
Other expenses		231			216			233			227			255			837			931

		521			523			496			494			473			1,941			1,986


Operating earnings before provision (benefit) for income tax		98			81			132			95			122			424			430
Provision (benefit) for income tax		35			28			46			32			42			150			148

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	63		$	53		$	86		$	63		$	80		$	274		$	282


Net investment gains (losses), net of income tax		3			(7	)		(42	)		(11	)		3			(44	)		(57	)
Adjustments related to net investment gains (losses), net of income tax		3			2			5			5			(4	)		15			8
Discontinued operations, net of income tax		0			0			0			0			0			0			0

Net income available to common shareholders		69			48			49			57			79			245			233
Preferred stock dividends		0			0			0			0			0			0			0

Net income	$	69		$	48		$	49		$	57		$	79		$	245		$	233


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	408		$	395		$	395		$	383		$	370		$	1,555		$	1,543

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


	For the Three Months Ended															For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	105		$	85		$	87		$	86		$	81		$	366		$	339
Universal life and investment-type product policy fees		387			409			437			442			474			1,475			1,762
Investment income, net		697			677			714			648			697			2,699			2,736
Other revenues		40			42			42			44			46			136			174

		1,229			1,213			1,280			1,220			1,298			4,676			5,011


EXPENSES
Policyholder benefits and dividends		167			159			151			139			157			603			606
Interest credited to policyholder account balances		339			333			318			327			344			1,356			1,322
Capitalization of deferred policy acquisition costs		(210	)		(205	)		(250	)		(251	)		(226	)		(861	)		(932	)
Amortization of deferred policy acquisition costs		132			186			183			183			270			557			822
Other expenses		450			420			464			463			469			1,714			1,816

		878			893			866			861			1,014			3,369			3,634


Operating earnings before provision (benefit) for income tax		351			320			414			359			284			1,307			1,377
Provision (benefit) for income tax		121			110			144			124			98			453			476

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	230		$	210		$	270		$	235		$	186		$	854		$	901


Net investment gains (losses), net of income tax		(86	)		8			(33	)		49			23			(237	)		47
Adjustments related to net investment gains (losses), net of income tax		20			3			6			(12	)		(10	)		54			(13	)
Discontinued operations, net of income tax		0			0			0			0			0			0			0

Net income available to common shareholders		164			221			243			272			199			671			935
Preferred stock dividends		0			0			0			0			0			0			0

Net income	$	164		$	221		$	243		$	272		$	199		$	671		$	935


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	532		$	536		$	566		$	572		$	601		$	1,977		$	2,275

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


	For the Three Months Ended														For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,		September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007		2007			2007			2006			2007


REVENUES
Premiums		($10	)	$	0		$	0	$	0		$	0		$	12		$	0
Universal life and investment-type product policy fees		41			50			58		56			61			175			225
Investment income, net		48			43			45		49			48			173			185
Other revenues		96			104			112		101			103			388			420

		175			197			215		206			212			748			830


EXPENSES
Policyholder benefits and dividends		(8	)		0			0		0			0			7			0
Interest credited to policyholder account balances		25			24			24		24			21			93			93
Capitalization of deferred policy acquisition costs		0			0			0		0			0			0			0
Amortization of deferred policy acquisition costs		0			0			0		0			0			0			0
Other expenses		155			182			168		163			169			605			682

		172			206			192		187			190			705			775


Operating earnings before provision (benefit) for income tax		3			(9	)		23		19			22			43			55
Provision (benefit) for income tax		1			(3	)		7		8			7			16			19

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	2			($6	)	$	16	$	11		$	15		$	27		$	36


Net investment gains (losses), net of income tax		(8	)		(4	)		1		(9	)		(10	)		(20	)		(22	)
Adjustments related to net investment gains (losses), net of income tax		0			0			0		0			0			0			0
Discontinued operations, net of income tax		0			0			0		0			0			0			0

Net income available to common shareholders		(6	)		(10	)		17		2			5			7			14
Preferred stock dividends		0			0			0		0			0			0			0

Net income		($6	)		($10	)	$	17	$	2		$	5		$	7		$	14


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	127		$	154		$	170	$	157		$	164		$	575		$	645

INDIVIDUAL OPERATIONS

PREMIUMS AND DEPOSITS BY PRODUCT


	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007


PREMIUMS AND DEPOSITS BY PRODUCT (1)

Life First Year and Renewal, Annuity Type
Life First Year Premiums and Deposits (2)
Traditional Life	$	57		$	52		$	54		$	54		$	57
Variable Life 1st Year excluding Single Premium COLI/BOLI		55			48			44			50			61
Universal Life 1st Year excluding Single Premium COLI/BOLI		135			130			150			174			196
Single Premium COLI/BOLI		1			0			0			0			0

Total Life First Year Premiums & Deposits		248			230			248			278			314

Life Renewal Premiums and Deposits
Traditional Life		1,209			987			1,054			1,035			1,206
Variable & Universal Life		562			621			549			568			597

Total Life Renewal Premiums and Deposits		1,771			1,608			1,603			1,603			1,803

Annuities Deposits (3)
Fixed Annuity Deposits		514			352			326			320			261
Variable Annuity Deposits		3,267			3,330			4,160			4,078			3,697

Total Annuity Deposits		3,781			3,682			4,486			4,398			3,958

Total Premiums and Deposits	$	5,800		$	5,520		$	6,337		$	6,279		$	6,075


Separate Account and General Account
Separate Accounts
Variable & Universal Life	$	285		$	289		$	266		$	265		$	284
Variable Annuities		2,406			2,471			3,102			2,974			2,450

Total Separate Accounts		2,691			2,760			3,368			3,239			2,734

General Accounts
Traditional Life		1,266			1,039			1,108			1,089			1,263
Variable & Universal Life		468			510			477			527			570
Fixed Annuities		514			352			326			320			261
Variable Annuities		861			859			1,058			1,104			1,247

Total General Account		3,109			2,760			2,969			3,040			3,341

Total Premiums and Deposits	$	5,800		$	5,520		$	6,337		$	6,279		$	6,075


Percentage of Premiums and Deposits to Separate Accounts, Excluding Transfers from General Account
Variable & Universal Life		37.8	%		36.2	%		35.8	%		33.5	%		33.3	%
Annuities		63.6	%		67.1	%		69.1	%		67.6	%		61.9	%


(1)		Statutory premiums direct and assumed, excluding Company-sponsored internal exchanges.
(2)		Of the $314 million of First Year Life Premiums and Deposits received during the three months ended December 31, 2007, approximately 42% were distributed through MetLife agents, 18% through New England Financial agents, 36% through MetLife’s Independent Distribution channel and 4% through other distribution channels.
(3)		Of the $3,958 million of Annuity Deposits received during the three months ended December 31, 2007, approximately 25% were distributed through MetLife agents, 8% through New England Financial agents, 55% through MetLife’s Independent Distribution channel and 12% through MetLife Resources representatives.

INDIVIDUAL OPERATIONS

FUTURE POLICY BENEFITS AND POLICYHOLDER ACCOUNT BALANCES AND SEPARATE ACCOUNT LIABILITIES
Unaudited (In millions)

FUTURE POLICY BENEFITS AND POLICYHOLDER ACCOUNT BALANCES


	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Traditional Life	2006			2007			2007			2007			2007

Balance, beginning of period	$	51,406		$	51,739		$	51,849		$	52,067		$	52,206
Premiums and deposits (1)		1,241			1,071			1,099			1,103			1,237
Interest on reserves		527			524			528			531			534
Surrenders and withdrawals		(432	)		(483	)		(440	)		(477	)		(452	)
Benefit payments		(496	)		(504	)		(541	)		(530	)		(616	)
Other		(507	)		(498	)		(428	)		(488	)		(413	)

Balance, end of period	$	51,739		$	51,849		$	52,067		$	52,206		$	52,496


	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Variable & Universal Life	2006			2007			2007			2007			2007

Balance, beginning of period	$	15,334		$	15,436		$	15,590		$	15,590		$	15,686
Premiums and deposits (1) (2)		477			531			483			543			561
Interest on reserves		150			151			153			156			157
Surrenders and withdrawals		(123	)		(122	)		(99	)		(190	)		(123	)
Net transfers from (to) separate account		12			25			(152	)		22			28
Policy charges		(385	)		(385	)		(388	)		(389	)		(391	)
Benefit payments		(33	)		(38	)		(32	)		(37	)		(36	)
Other		4			(8	)		35			(9	)		1

Balance, end of period	$	15,436		$	15,590		$	15,590		$	15,686		$	15,883


	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Annuities	2006			2007			2007			2007			2007

Balance, beginning of period	$	44,518		$	43,388		$	42,587		$	41,835		$	41,323
Premiums and deposits (1) (2)		1,437			1,292			1,491			1,491			1,577
Interest on reserves		400			402			412			434			417
Surrenders and withdrawals		(1,617	)		(1,469	)		(1,648	)		(1,549	)		(1,410	)
Net transfers from (to) separate account		(635	)		(626	)		(671	)		(718	)		(942	)
Policy charges		0			0			0			0			(3	)
Benefit payments		(346	)		(380	)		(311	)		(291	)		(277	)
Other		(369	)		(20	)		(25	)		121			187

Balance, end of period	$	43,388		$	42,587		$	41,835		$	41,323		$	40,872

SEPARATE ACCOUNT LIABILITIES


	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Variable & Universal Life	2006			2007			2007			2007			2007

Balance, beginning of period	$	9,796		$	10,278		$	10,383		$	11,018		$	11,073
Premiums and deposits (1)		309			289			279			275			295
Investment performance		501			193			563			151			(167	)
Surrenders and withdrawals		(155	)		(195	)		(204	)		(174	)		(180	)
Net transfers from (to) fixed account		(12	)		(25	)		152			(22	)		(28	)
Policy charges		(157	)		(160	)		(161	)		(158	)		(163	)
Other		(4	)		3			6			(17	)		10

Balance, end of period	$	10,278		$	10,383		$	11,018		$	11,073		$	10,840


	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Annuities	2006			2007			2007			2007			2007

Balance, beginning of period	$	78,570		$	83,847		$	85,700		$	90,888		$	93,341
Premiums and deposits (1)		2,531			2,640			3,355			3,285			2,780
Investment performance		4,771			1,295			4,246			1,411			(1,881	)
Surrenders and withdrawals		(2,341	)		(2,384	)		(2,716	)		(2,561	)		(2,706	)
Net transfers from (to) fixed account		635			626			671			718			942
Policy charges		(326	)		(325	)		(371	)		(376	)		(397	)
Other		7			1			3			(24	)		(1	)

Balance, end of period	$	83,847		$	85,700		$	90,888		$	93,341		$	92,078


(1)		Includes Company-sponsored internal exchanges and supplemental contract premiums.

(2)		Includes premiums and deposits directed to General Account investment option of a variable life or variable annuity product.

INDIVIDUAL OPERATIONS

INSURANCE EXPENSES AND OTHER
EXPENSES BY MAJOR CATEGORY


	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007


INSURANCE EXPENSES (NET OF CAPITALIZATION OF DAC)

Insurance Expenses	$	950		$	876		$	947		$	975		$	980
DAC Capitalization (1)		(385	)		(369	)		(430	)		(435	)		(440	)

Net	$	565		$	507		$	517		$	540		$	540


OTHER EXPENSES BY MAJOR CATEGORY

Commissions	$	305		$	308		$	345		$	345		$	348
Other deferrable expenses		146			135			156			154			173
Direct and allocated expenses, not deferred		427			391			399			431			408
Pension and other post-retirement benefit costs		41			10			16			14			19
Premium tax and other tax, licenses and fees		31			32			31			31			32

Subtotal Insurance Expenses		950			876			947			975			980

Broker-dealer and other expenses		159			185			176			163			171
Reinsurance allowances		(12	)		(9	)		(16	)		(14	)		(5	)

Total Other Expenses	$	1,097		$	1,052		$	1,107		$	1,124		$	1,146


(1)		Excludes $13 million, $13 million, $16 million, $12 million and $15 million of DAC capitalization related to reinsurance allowances for the three months ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively.

AUTO & HOME OPERATIONS

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — TOTAL


	For the Three Months Ended													For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,		September 30,		December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007		2007		2007			2006			2007


REVENUES
Earned premiums	$	742		$	716		$	738	$	751	$	761		$	2,924		$	2,966
Investment income, net		44			48			49		43		56			177			196
Other revenues		4			11			8		10		16			22			45

		790			775			795		804		833			3,123			3,207


EXPENSES
Losses and loss adjustment expense		408			431			446		456		478			1,717			1,811
Other expenses		227			202			204		204		220			851			830

		635			633			650		660		698			2,568			2,641


Operating earnings before provision (benefit) for income tax		155			142			145		144		135			555			566
Provision (benefit) for income tax		40			36			37		35		32			141			140

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	115		$	106		$	108	$	109	$	103		$	414		$	426


Net Income Reconciliation

Operating earnings available to common shareholders	$	115		$	106		$	108	$	109	$	103		$	414		$	426

Net investment gains (losses)		8			12			0		0		4			4			16
Minority interest — net investment gains (losses)		0			0			0		0		0			0			0
Net investment gains (losses) tax benefit (provision)		(3	)		(5	)		1		0		(2	)		(2	)		(6	)

Net investment gains (losses), net of income tax		5			7			1		0		2			2			10

Adjustments related to universal life and investment-type product policy fees		0			0			0		0		0			0			0
Adjustments related to policyholder benefits and dividends		0			0			0		0		0			0			0
Adjustments related to other expenses		0			0			0		0		0			0			0
Adjustments related to tax benefit (provision)		0			0			0		0		0			0			0

Adjustments related to net investment gains (losses), net of income tax		0			0			0		0		0			0			0

Discontinued operations, net of income tax		0			0			0		0		0			0			0

Net income available to common shareholders		120			113			109		109		105			416			436
Preferred stock dividends		0			0			0		0		0			0			0

Net income	$	120		$	113		$	109	$	109	$	105		$	416		$	436


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	746		$	727		$	746	$	761	$	777		$	2,946		$	3,011

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


	For the Three Months Ended											For the Year-to-Date Period Ended
	December 31,		March 31,		June 30,			September 30,		December 31,		December 31,		December 31,
Unaudited (In millions)	2006		2007		2007			2007		2007		2006		2007


REVENUES
Earned premiums	$	525	$	502	$	520		$	527	$	534	$	2,077	$	2,083
Investment income, net		32		35		33			33		39		132		140
Other revenues		6		6		6			6		8		23		26

		563		543		559			566		581		2,232		2,249


EXPENSES
Losses and loss adjustment expense		282		308		338			327		352		1,232		1,325
Other expenses		149		135		137			139		145		572		556

		431		443		475			466		497		1,804		1,881


Operating earnings before provision (benefit) for income tax		132		100		84			100		84		428		368
Provision (benefit) for income tax		36		25		20			24		19		111		88

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	96	$	75	$	64		$	76	$	65	$	317	$	280


Net investment gains (losses), net of income tax		3		6		(1	)		1		1		1		7
Adjustments related to net investment gains (losses), net of income tax		0		0		0			0		0		0		0
Discontinued operations, net of income tax		0		0		0			0		0		0		0

Net income available to common shareholders		99		81		63			77		66		318		287
Preferred stock dividends		0		0		0			0		0		0		0

Net income	$	99	$	81	$	63		$	77	$	66	$	318	$	287


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	531	$	508	$	526		$	533	$	542	$	2,100	$	2,109

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


	For the Three Months Ended												For the Year-to-Date Period Ended
	December 31,			March 31,		June 30,		September 30,			December 31,		December 31,			December 31,
Unaudited (In millions)	2006			2007		2007		2007			2007		2006			2007


REVENUES
Earned premiums	$	217		$	214	$	218	$	224		$	227	$	847		$	883
Investment income, net		12			13		16		10			17		45			56
Other revenues		(2	)		5		2		4			8		(1	)		19

		227			232		236		238			252		891			958


EXPENSES
Losses and loss adjustment expense		126			123		108		129			126		485			486
Other expenses		78			67		67		65			75		279			274

		204			190		175		194			201		764			760


Operating earnings before provision (benefit) for income tax		23			42		61		44			51		127			198
Provision (benefit) for income tax		4			11		17		11			13		30			52

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	19		$	31	$	44	$	33		$	38	$	97		$	146


Net investment gains (losses), net of income tax		2			1		2		(1	)		1		1			3
Adjustments related to net investment gains (losses), net of income tax		0			0		0		0			0		0			0
Discontinued operations, net of income tax		0			0		0		0			0		0			0

Net income available to common shareholders		21			32		46		32			39		98			149
Preferred stock dividends		0			0		0		0			0		0			0

Net income	$	21		$	32	$	46	$	32		$	39	$	98		$	149


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	215		$	219	$	220	$	228		$	235	$	846		$	902

AUTO & HOME OPERATIONS

WRITTEN PREMIUMS BY PRODUCT AND SELECTED FINANCIAL INFORMATION
AND SUPPLEMENTAL DATA


	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007


WRITTEN PREMIUMS BY PRODUCT
Preferred/Standard Automobile	$	503		$	498		$	515		$	531		$	510
Non-Standard Automobile		10			10			9			9			8
Homeowners & Other		213			193			236			247			216

Total	$	726		$	701		$	760		$	787		$	734


SELECTED FINANCIAL INFORMATION AND SUPPLEMENTAL DATA

Total Auto & Home
Loss and loss adjustment expense ratio		54.9	%		60.1	%		60.4	%		60.7	%		62.9	%
Other expense ratio		30.1	%		27.6	%		27.0	%		26.6	%		28.2	%

Total combined ratio (1)		85.0	%		87.7	%		87.4	%		87.3	%		91.1	%
Effect of catastrophe losses		6.1	%		1.4	%		3.1	%		2.6	%		1.6	%

Combined ratio excluding catastrophes		78.9	%		86.3	%		84.3	%		84.7	%		89.5	%


Auto
Loss and loss adjustment expense ratio		53.7	%		61.2	%		65.0	%		62.0	%		65.9	%
Other expense ratio		27.7	%		26.3	%		25.6	%		25.7	%		26.3	%

Total combined ratio (1)		81.4	%		87.5	%		90.6	%		87.7	%		92.2	%
Effect of catastrophe losses		0.6	%		0.0	%		0.4	%		0.2	%		(1.4	%)

Combined ratio excluding catastrophes		80.8	%		87.5	%		90.2	%		87.5	%		93.6	%


Homeowners & Other
Loss and loss adjustment expense ratio		57.6	%		57.5	%		49.5	%		57.6	%		55.7	%
Other expense ratio		36.0	%		30.8	%		30.3	%		28.6	%		32.8	%

Total combined ratio (1)		93.6	%		88.3	%		79.8	%		86.2	%		88.5	%
Effect of catastrophe losses		19.2	%		4.6	%		9.7	%		8.0	%		8.3	%

Combined ratio excluding catastrophes		74.4	%		83.7	%		70.1	%		78.2	%		80.2	%


Pre-Tax Catastrophe Losses
Auto	$	3		$	0		$	2		$	1			($7	)
Homeowners & Other		42			10			21			18			19

Total	$	45		$	10		$	23		$	19		$	12


Catastrophe points on combined ratios		6.1			1.4			3.1			2.6			1.6

Actual Number of Sales Representatives		100			99			94			86			90


(1)		The combined ratio reflects payment fees as a credit to other expenses for the three months ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, which resulted in a 0.6, 0.7, 0.6, 0.6 and 0.6 of a percentage point decrease in the combined ratio, respectively. The decreases for Auto and Homeowners & Other were 0.7 and 0.4 of a percentage point, respectively, for December 31, 2006, 0.8 and 0.4 of a percentage point, respectively, for March 31, 2007, 0.7 and 0.4 of a percentage point, respectively, for June 30, 2007, 0.7 and 0.4 of a percentage point, respectively, for September 30, 2007 and 0.7 and 0.4 of a percentage point, respectively, for December 31, 2007.

INTERNATIONAL OPERATIONS

STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS


	For the Three Months Ended															For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	740		$	715		$	777		$	780		$	824		$	2,722		$	3,096
Universal life and investment-type product policy fees		221			236			241			238			280			804			995
Investment income, net		259			250			271			370			359			950			1,250
Other revenues		12			13			3			5			2			28			23

		1,232			1,214			1,292			1,393			1,465			4,504			5,364


EXPENSES
Policyholder benefits and dividends		644			578			661			708			574			2,352			2,521
Interest credited to policyholder account balances		77			78			81			110			86			289			355
Capitalization of deferred policy acquisition costs		(138	)		(146	)		(132	)		(208	)		(257	)		(580	)		(743	)
Amortization of deferred policy acquisition costs		107			97			81			38			93			362			309
Other expenses		511			436			440			544			762			1,747			2,182

		1,201			1,043			1,131			1,192			1,258			4,170			4,624


Operating earnings before provision (benefit) for income tax		31			171			161			201			207			334			740
Provision (benefit) for income tax		15			47			44			67			14			106			172

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	16		$	124		$	117		$	134		$	193		$	228		$	568


Net Income Reconciliation

Operating earnings available to common shareholders	$	16		$	124		$	117		$	134		$	193		$	228		$	568

Net investment gains (losses)		(6	)		24			20			19			(10	)		(10	)		53
Minority interest — net investment gains (losses)		0			0			0			0			0			0			0
Net investment gains (losses) tax benefit (provision)		(2	)		(6	)		(9	)		(5	)		5			(9	)		(15	)

Net investment gains (losses), net of income tax		(8	)		18			11			14			(5	)		(19	)		38

Adjustments related to universal life and investment-type product policy fees		0			0			0			0			0			0			0
Adjustments related to policyholder benefits and dividends		(55	)		(15	)		22			17			35			(57	)		59
Adjustments related to other expenses		0			0			0			0			0			0			0
Adjustments related to tax benefit (provision)		20			4			(7	)		(6	)		(12	)		20			(21	)

Adjustments related to net investment gains (losses), net of income tax (1)		(35	)		(11	)		15			11			23			(37	)		38

Discontinued operations, net of income tax		11			(31	)		(16	)		44			(6	)		28			(9	)

Net income available to common shareholders		(16	)		100			127			203			205			200			635
Preferred stock dividends		0			0			0			0			0			0			0

Net income		($16	)	$	100		$	127		$	203		$	205		$	200		$	635


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	973		$	964		$	1,021		$	1,023		$	1,106		$	3,554		$	4,114



Actual Number of Professional Sales Representatives		3,562			3,471			3,462			3,786			4,386


(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.

REINSURANCE OPERATIONS

STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS


	For the Three Months Ended															For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	1,201		$	1,126		$	1,208		$	1,228		$	1,348		$	4,348		$	4,910
Investment income, net		231			206			266			181			219			732			872
Other revenues		19			18			19			23			17			66			77

		1,451			1,350			1,493			1,432			1,584			5,146			5,859


EXPENSES
Claims and other policy benefits		957			902			979			1,006			1,102			3,490			3,989
Interest credited to policyholder account balances		97			65			117			35			45			254			262
Policy acquisition costs and other insurance expenses		203			177			181			179			213			720			750
Other expenses		88			90			94			80			105			295			369

		1,345			1,234			1,371			1,300			1,465			4,759			5,370


Operating earnings before provision (benefit) for income tax and minority interest		106			116			122			132			119			387			489
Provision (benefit) for income tax		17			20			21			23			19			62			83

Operating earnings available to common shareholders before minority interest		89			96			101			109			100			325			406
Elimination of minority interest, before income tax		56			60			63			66			61			210			250

CONTRIBUTION TO METLIFE	$	33		$	36		$	38		$	43		$	39		$	115		$	156


Net Income Reconciliation

Operating earnings available to common shareholders	$	33		$	36		$	38		$	43		$	39		$	115		$	156
Net investment gains (losses)		11			(6	)		(14	)		(61	)		(97	)		7			(178	)
Minority interest — net investment gains (losses)		(2	)		4			4			10			15			0			33
Net investment gains (losses) tax benefit (provision)		(3	)		0			4			18			29			(3	)		51

Net investment gains (losses), net of income tax		6			(2	)		(6	)		(33	)		(53	)		4			(94	)

Adjustments related to universal life and investment-type product policy fees		0			0			0			0			0			0			0
Adjustments related to policyholder benefits and dividends		0			0			0			0			0			0			0
Adjustments related to other expenses		(6	)		(2	)		5			41			66			(2	)		110
Adjustments related to tax benefit (provision)		2			2			(3	)		(14	)		(24	)		1			(39	)

Adjustments related to net investment gains (losses), net of income tax (1)		(4	)		0			2			27			42			(1	)		71

Discontinued operations, net of income tax		0			0			0			0			0			0			0

Net income available to common shareholders		35			34			34			37			28			118			133
Preferred stock dividends		0			0			0			0			0			0			0

Net income	$	35		$	34		$	34		$	37		$	28		$	118		$	133


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	1,220		$	1,144		$	1,227		$	1,251		$	1,365		$	4,414		$	4,987


(1)		Adjustments related to net investment gains (losses), net of income tax, include amortization of deferred policy acquisition costs.

CORPORATE, OTHER & ELIMINATIONS

STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS


	For the Three Months Ended															For the Year-to-Date Period Ended
	December 31,			March 31,			June 30,			September 30,			December 31,			December 31,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007			2006			2007


REVENUES
Premiums	$	9		$	8		$	8		$	6		$	13		$	35		$	35
Universal life and investment-type product policy fees		0			0			0			0			0			0			0
Investment income, net		320			370			357			378			374			1,143			1,479
Other revenues		9			6			49			1			7			34			63

		338			384			414			385			394			1,212			1,577


EXPENSES
Policyholder benefits and dividends		4			11			11			11			14			37			47
Interest credited to policyholder account balances		0			0			0			0			0			0			0
Interest credited to bank deposits		52			51			49			50			49			194			199
Interest expense		187			189			194			244			250			745			877
Other expenses		136			93			70			47			114			410			324

		379			344			324			352			427			1,386			1,447


Operating earnings before provision (benefit) for income tax		(41	)		40			90			33			(33	)		(174	)		130
Provision (benefit) for income tax		(109	)		(39	)		(22	)		(46	)		(32	)		(330	)		(139	)

Operating earnings		68			79			112			79			(1	)		156			269
Preferred stock dividends		34			34			34			34			35			134			137

OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	34		$	45		$	78		$	45			($36	)	$	22		$	132
Net Income Reconciliation

Operating earnings available to common shareholders	$	34		$	45		$	78		$	45			($36	)	$	22		$	132

Net investment gains (losses)		4,698			6			38			7			(11	)		4,545			40
Minority interest — net investment gains (losses)		0			0			0			0			0			0			0
Net investment gains (losses) tax benefit (provision)		(1,654	)		(2	)		(9	)		(5	)		(14	)		(1,605	)		(30	)

Net investment gains (losses), net of income tax		3,044			4			29			2			(25	)		2,940			10

Adjustments related to universal life and investment-type product policy fees		0			0			0			0			0			0			0
Adjustments related to policyholder benefits and dividends		0			0			0			0			0			0			0
Adjustments related to other expenses		0			0			0			0			0			0			0
Adjustments related to tax benefit (provision)		0			0			0			0			0			0			0

Adjustments related to net investment gains (losses), net of income tax		0			0			0			0			0			0			0

Discontinued operations, net of income tax		2			16			23			(10	)		(1	)		32			28

Net income available to common shareholders		3,080			65			130			37			(62	)		2,994			170
Preferred stock dividends		34			34			34			34			35			134			137

Net income	$	3,114		$	99		$	164		$	71			($27	)	$	3,128		$	307


Premiums, Fees and Other Revenues

Total Premiums, Fees and Other Revenues	$	18		$	14		$	57		$	7		$	20		$	69		$	98

METLIFE, INC.

INVESTMENT RESULTS
BY ASSET CATEGORY AND
ANNUALIZED YIELDS


	For the Three Months Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007


FIXED MATURITY SECURITIES
Yield (1)		6.23	%		6.15	%		6.23	%		6.45	%		6.55	%
Investment income (2)	$	3,052		$	3,065		$	3,163		$	3,321		$	3,333
Investment gains (losses)		($198	)		($92	)		($236	)		($224	)		($70	)
Ending Carrying Value (2)	$	242,687		$	248,693		$	251,963		$	253,196		$	243,021

MORTGAGE AND CONSUMER LOANS
Yield (1)		6.78	%		6.36	%		6.46	%		6.82	%		6.56	%
Investment income (3)	$	650		$	632		$	654		$	705		$	710
Investment gains (losses)		($7	)	$	0		$	13		$	21			($32	)
Ending Carrying Value	$	42,239		$	43,936		$	43,755		$	44,849		$	47,030

REAL ESTATE AND REAL ESTATE JOINT VENTURES (4)
Yield (1)		13.27	%		11.60	%		11.54	%		8.56	%		9.77	%
Investment income	$	165		$	151		$	164		$	132		$	160
Investment gains (losses)	$	4,709		$	7		$	37		$	2		$	11
Ending Carrying Value	$	4,986		$	5,427		$	5,933		$	6,360		$	6,769

POLICY LOANS
Yield (1)		6.13	%		6.16	%		6.20	%		6.27	%		6.21	%
Investment income	$	156		$	157		$	158		$	161		$	161
Ending Carrying Value	$	10,228		$	10,177		$	10,251		$	10,321		$	10,419

EQUITY SECURITIES AND OTHER LIMITED PARTNERSHIP INTERESTS
Yield (1)		18.86	%		15.25	%		20.85	%		10.49	%		16.03	%
Investment income	$	356		$	345		$	512		$	274		$	436
Investment gains (losses)	$	40		$	64		$	28		$	39		$	49
Ending Carrying Value	$	9,875		$	10,082		$	11,157		$	11,621		$	12,205

CASH AND SHORT-TERM INVESTMENTS
Yield (1)		6.89	%		6.16	%		4.67	%		4.36	%		4.09	%
Investment income	$	157		$	123		$	99		$	100		$	115
Investment gains (losses)		($1	)	$	0		$	0		$	3		$	0
Ending Carrying Value	$	9,816		$	9,028		$	9,267		$	10,354		$	13,016

OTHER INVESTED ASSETS (5)
Yield (1)		11.28	%		8.99	%		11.13	%		7.45	%		8.55	%
Investment income	$	260		$	212		$	257		$	183		$	235
Investment gains (losses)		($219	)		($74	)		($151	)		($180	)		($222	)
Ending Carrying Value	$	10,428		$	9,713		$	10,302		$	11,258		$	12,642

TOTAL INVESTMENTS
Gross investment income yield (1)		6.95	%		6.67	%		6.98	%		6.65	%		6.94	%
Investment fees and expenses yield		(0.18	%)		(0.15	%)		(0.15	%)		(0.15	%)		(0.16	%)

NET INVESTMENT INCOME YIELD		6.77	%		6.52	%		6.83	%		6.50	%		6.78	%


Gross investment income	$	4,796		$	4,685		$	5,007		$	4,876		$	5,150
Investment fees and expenses		(121	)		(103	)		(105	)		(111	)		(121	)

NET INVESTMENT INCOME	$	4,675		$	4,582		$	4,902		$	4,765		$	5,029

Ending Carrying Value	$	330,259		$	337,056		$	342,628		$	347,959		$	345,102


Gross investment gains	$	4,983		$	308		$	315		$	342		$	475
Gross investment losses		(499	)		(289	)		(494	)		(538	)		(444	)
Writedowns		(44	)		(3	)		(22	)		(50	)		(73	)

Subtotal		4,440			16			(201	)		(246	)		(42	)
Derivative & other instruments not qualifying for hedge accounting		(116	)		(111	)		(108	)		(93	)		(222	)

INVESTMENT GAINS (LOSSES)		4,324			(95	)		(309	)		(339	)		(264	)
Minority interest — net investment gains (losses)		(2	)		4			4			10			15
Investment gains (losses) tax benefit (provision)		(1,531	)		33			112			114			67

INVESTMENT GAINS (LOSSES), NET OF INCOME TAX	$	2,791			($58	)		($193	)		($215	)		($182	)


(1)		Yields are based on quarterly average asset carrying values, excluding recognized and unrealized investment gains (losses), and for yield calculation purposes, average assets exclude collateral associated with the Company’s securities lending program.

(2)		Fixed maturity securities includes $759 million, $777 million, $919 million, $824 million and $779 million in ending carrying value, and $41 million, $15 million, $16 million, $21 million and $(2) million of investment income (loss) related to trading securities at or for the three months ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, 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 $19 million, $7 million, $3 million, $2 million and $4 million, related to discontinued operations for the three months ended December 31,2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively. Included in investment gains (losses) from real estate and real estate joint ventures is $4,704 million, $5 million, $0 million, $0 million and $8 million related to discontinued operations for the three months ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively.

(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 $87 million, $58 million, $65 million, $64 million and $69 million, for the three months ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively. These amounts are excluded from investment gains (losses). Additionally, excluded from investment gains (losses) is $5 million, $4 million, $5 million, $6 million and $11 million for the three months ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively, related to settlement payments on derivatives 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.

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


	For the Year-to-Date Ended
	December 31,			March 31,			June 30,			September 30,			December 31,
Unaudited (In millions)	2006			2007			2007			2007			2007


FIXED MATURITY SECURITIES
Yield (1)		6.16	%		6.15	%		6.19	%		6.28	%		6.34	%
Investment income (2)	$	11,977		$	3,065		$	6,228		$	9,549		$	12,882
Investment gains (losses)		($1,120	)		($92	)		($328	)		($552	)		($622	)
Ending Carrying Value (2)	$	242,687		$	248,693		$	251,963		$	253,196		$	243,021

MORTGAGE AND CONSUMER LOANS
Yield (1)		6.60	%		6.36	%		6.41	%		6.55	%		6.55	%
Investment income (3)	$	2,411		$	632		$	1,286		$	1,991		$	2,701
Investment gains (losses)		($8	)	$	0		$	13		$	34		$	2
Ending Carrying Value	$	42,239		$	43,936		$	43,755		$	44,849		$	47,030

REAL ESTATE AND REAL ESTATE JOINT VENTURES (4)
Yield (1)		11.55	%		11.60	%		11.57	%		10.48	%		10.28	%
Investment income	$	549		$	151		$	315		$	447		$	607
Investment gains (losses)	$	4,898		$	7		$	44		$	46		$	57
Ending Carrying Value	$	4,986		$	5,427		$	5,933		$	6,360		$	6,769

POLICY LOANS
Yield (1)		5.99	%		6.16	%		6.18	%		6.21	%		6.21	%
Investment income	$	603		$	157		$	315		$	476		$	637
Ending Carrying Value	$	10,228		$	10,177		$	10,251		$	10,321		$	10,419

EQUITY SECURITIES AND OTHER LIMITED PARTNERSHIP INTERESTS
Yield (1)		14.90	%		15.25	%		18.17	%		15.43	%		15.59	%
Investment income	$	1,067		$	345		$	857		$	1,131		$	1,567
Investment gains (losses)	$	85		$	64		$	92		$	131		$	180
Ending Carrying Value	$	9,875		$	10,082		$	11,157		$	11,621		$	12,205

CASH AND SHORT-TERM INVESTMENTS
Yield (1)		5.51	%		6.16	%		5.40	%		5.02	%		4.74	%
Investment income	$	442		$	123		$	222		$	322		$	437
Investment gains (losses)		($2	)	$	0		$	0		$	3		$	3
Ending Carrying Value	$	9,816		$	9,028		$	9,267		$	10,354		$	13,016

OTHER INVESTED ASSETS (5)
Yield (1)		9.60	%		8.99	%		10.05	%		9.15	%		8.98	%
Investment income	$	821		$	212		$	469		$	652		$	887
Investment gains (losses)		($736	)		($74	)		($225	)		($405	)		($627	)
Ending Carrying Value	$	10,428		$	9,713		$	10,302		$	11,258		$	12,642

TOTAL INVESTMENTS
Gross investment income yield (1)		6.62	%		6.67	%		6.83	%		6.77	%		6.81	%
Investment fees and expenses yield		(0.15	%)		(0.15	%)		(0.15	%)		(0.15	%)		(0.15	%)

NET INVESTMENT INCOME YIELD		6.47	%		6.52	%		6.68	%		6.62	%		6.66	%


Gross investment income	$	17,870		$	4,685		$	9,692		$	14,568		$	19,718
Investment fees and expenses		(404	)		(103	)		(208	)		(319	)		(440	)

NET INVESTMENT INCOME	$	17,466		$	4,582		$	9,484		$	14,249		$	19,278

Ending Carrying Value	$	330,259		$	337,056		$	342,628		$	347,959		$	345,102


Gross investment gains	$	5,754		$	308		$	623		$	965		$	1,440
Gross investment losses		(2,036	)		(289	)		(783	)		(1,321	)		(1,765	)
Writedowns		(136	)		(3	)		(25	)		(75	)		(148	)

Subtotal		3,582			16			(185	)		(431	)		(473	)
Derivative & other instruments not qualifying for hedge accounting		(465	)		(111	)		(219	)		(312	)		(534	)

INVESTMENT GAINS (LOSSES)		3,117			(95	)		(404	)		(743	)		(1,007	)
Minority interest — net investment gains (losses)		—			4			8			18			33
Investment gains (losses) tax benefit (provision)		(1,114	)		33			145			259			326

INVESTMENT GAINS (LOSSES), NET OF INCOME TAX	$	2,003			($58	)		($251	)		($466	)		($648	)


(1)		Yields are based on quarterly average asset carrying values, excluding recognized and unrealized investment gains (losses), and for yield calculation purposes, average assets exclude collateral associated with the Company’s securities lending program.

(2)		Fixed maturity securities includes $759 million, $777 million, $919 million, $824 million and $779 million in ending carrying value, and $71 million, $15 million, $31 million, $52 million and $50 million of investment income (loss) related to trading securities at or for the year-to-date ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, 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 $94 million, $7 million, $10 million, $12 million and $16 million related to discontinued operations for year-to-date ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively. Included in investment gains (losses) from real estate and real estate joint ventures is $4,795 million, $5 million, $5 million, $5 million and $13 million related to discontinued operations for year-to-date ended December 31, 2006, March 31, 2007 June 30, 2007, September 30, 2007 and December 31, 2007, respectively.

(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 $290 million, $58 million, $123 million, $187 million and $256 million for the year-to-date ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively. These amounts are excluded from investment gains (losses). Additionally, excluded from investment gains (losses) is $7 million, $4 million, $9 million, $15 million and $26 million for the year-to-date ended December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007 and December 31, 2007, respectively, related to settlement payments on derivatives 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.

METLIFE, INC.
GROSS UNREALIZED GAINS AND LOSSES AGING SCHEDULE
FIXED MATURITY SECURITIES (1)


	December 31, 2006					March 31, 2007					June 30, 2007					September 30, 2007					December 31, 2007
Unaudited (In millions)	Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total


Less than 20%	$	2,265		99.2	%	$	1,920		98.4	%	$	4,598		99.0	%	$	3,949		97.1	%	$	4,022		90.4	%
20% or more for less than six months		7		0.3	%		26		1.3	%		22		0.5	%		100		2.4	%		407		9.1	%
20% or more for six months or greater		11		0.5	%		6		0.3	%		24		0.5	%		20		0.5	%		22		0.5	%

Total Gross Unrealized Losses	$	2,283		100.0	%	$	1,952		100.0	%	$	4,644		100.0	%	$	4,069		100.0	%	$	4,451		100.0	%


Total Gross Unrealized Gains	$	7,443				$	7,535				$	5,710				$	6,499				$	7,932



GROSS UNREALIZED GAINS AND LOSSES AGING SCHEDULE EQUITY SECURITIES (1)

	December 31, 2006					March 31, 2007					June 30, 2007					September 30, 2007					December 31, 2007
Unaudited (In millions)	Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total


Less than 20%	$	39		86.7	%	$	40		81.6	%	$	72		92.3	%	$	202		89.8	%	$	323		68.7	%
20% or more for less than six months		5		11.1	%		9		18.4	%		6		7.7	%		23		10.2	%		147		31.3	%
20% or more for six months or greater		1		2.2	%		0		0.0	%		0		0.0	%		0		0.0	%		0		0.0	%

Total Gross Unrealized Losses	$	45		100.0	%	$	49		100.0	%	$	78		100.0	%	$	225		100.0	%	$	470		100.0	%


Total Gross Unrealized Gains	$	590				$	541				$	629				$	664				$	629


(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 amortized cost by less than 20%; (ii) securities where the estimated value had declined and remained below amortized cost by 20% or more for less than six months; and (iii) securities where the estimated value had declined and remained below amortized cost by 20% or more for six months or greater.

METLIFE, INC.
SUMMARY OF FIXED MATURITY SECURITIES AVAILABLE-FOR-SALE
BY SECTOR AND QUALITY DISTRIBUTION


			December 31, 2006					March 31, 2007					June 30, 2007					September 30, 2007					December 31, 2007
Unaudited (In millions)			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total


U.S. corporate securities			$	75,074		31.0	%	$	76,912		31.0	%	$	77,192		30.7	%	$	80,357		31.9	%	$	77,426		32.0	%
Residential mortgage-backed securities				51,666		21.4	%		56,420		22.8	%		59,219		23.6	%		59,466		23.6	%		56,489		23.3	%
Foreign corporate securities				34,338		14.2	%		36,633		14.8	%		36,961		14.7	%		38,643		15.3	%		38,305		15.8	%
U.S. Treasury/agency securities				30,633		12.7	%		27,569		11.1	%		27,437		10.9	%		22,051		8.7	%		21,245		8.8	%
Commercial mortgage-backed securities				16,522		6.8	%		17,875		7.2	%		19,192		7.7	%		19,907		7.9	%		17,728		7.3	%
Asset-backed securities				13,873		5.7	%		13,526		5.5	%		11,815		4.7	%		11,902		4.7	%		11,041		4.6	%
Foreign government securities				13,207		5.4	%		13,719		5.5	%		14,427		5.8	%		15,064		6.0	%		15,271		6.3	%
State and political subdivision securities				6,300		2.6	%		4,816		1.9	%		4,467		1.8	%		4,647		1.8	%		4,419		1.8	%
Other fixed maturity securities				315		0.2	%		446		0.2	%		334		0.1	%		335		0.1	%		318		0.1	%

Total			$	241,928		100.0	%	$	247,916		100.0	%	$	251,044		100.0	%	$	252,372		100.0	%	$	242,242		100.0	%


NAIC RATING (1)		RATING AGENCY EQUIVALENT DESIGNATION
	1	Aaa / Aa / A	$	177,969		73.6	%	$	181,569		73.3	%	$	184,269		73.4	%	$	181,413		71.9	%	$	175,651		72.5	%
	2	Baa		46,881		19.4	%		48,866		19.7	%		48,879		19.4	%		52,063		20.6	%		48,914		20.2	%
	3	Ba		9,738		4.0	%		9,990		4.0	%		10,482		4.2	%		11,259		4.5	%		10,738		4.4	%
	4	B		7,030		2.9	%		7,046		2.8	%		6,965		2.8	%		7,160		2.8	%		6,481		2.7	%
	5	Caa and lower		294		0.1	%		428		0.2	%		432		0.2	%		413		0.2	%		445		0.2	%
	6	In or near default		16		0.0	%		17		0.0	%		17		0.0	%		64		0.0	%		13		0.0	%

Total			$	241,928		100.0	%	$	247,916		100.0	%	$	251,044		100.0	%	$	252,372		100.0	%	$	242,242		100.0	%


(1)		Amounts presented are based on rating agency designations. Comparisons between NAIC ratings and rating agency designations are published by the NAIC.

METLIFE, INC.
SUMMARY OF COMMERCIAL MORTGAGE LOANS BY
REGION AND PROPERTY TYPE


	December 31, 2006					March 31, 2007					June 30, 2007					September 30, 2007					December 31, 2007
Unaudited (In millions)	Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total


Pacific	$	7,663		24.0	%	$	7,464		22.3	%	$	7,377		22.4	%	$	7,526		22.3	%	$	8,620		24.3	%
South Atlantic		6,881		21.6	%		7,922		23.7	%		7,286		22.1	%		7,533		22.3	%		8,021		22.6	%
Middle Atlantic		4,858		15.3	%		5,026		15.1	%		5,170		15.7	%		5,166		15.3	%		5,110		14.4	%
International		2,832		8.9	%		3,096		9.3	%		3,311		10.0	%		3,873		11.5	%		3,642		10.3	%
East North Central		2,879		9.0	%		3,057		9.2	%		3,353		10.2	%		3,129		9.3	%		2,957		8.3	%
West South Central		2,631		8.3	%		2,483		7.4	%		2,547		7.7	%		2,803		8.3	%		2,925		8.2	%
New England		1,301		4.1	%		1,421		4.3	%		1,356		4.1	%		1,247		3.7	%		1,499		4.2	%
Mountain		859		2.7	%		830		2.5	%		768		2.3	%		1,093		3.2	%		1,086		3.1	%
West North Central		799		2.5	%		777		2.3	%		776		2.4	%		766		2.3	%		1,046		2.9	%
East South Central		452		1.4	%		495		1.5	%		504		1.5	%		503		1.5	%		503		1.4	%
Other		692		2.2	%		792		2.4	%		511		1.6	%		92		0.3	%		92		0.3	%

Total	$	31,847		100.0	%	$	33,363		100.0	%	$	32,959		100.0	%	$	33,731		100.0	%	$	35,501		100.0	%


Office	$	15,083		47.4	%	$	14,726		44.1	%	$	14,611		44.3	%	$	14,848		44.0	%	$	15,471		43.6	%
Retail		6,552		20.6	%		7,143		21.4	%		6,941		21.1	%		7,358		21.8	%		7,557		21.3	%
Apartments		3,772		11.8	%		3,950		11.8	%		3,998		12.1	%		3,954		11.7	%		4,437		12.5	%
Hotel		2,120		6.7	%		2,452		7.4	%		2,536		7.7	%		3,014		8.9	%		3,282		9.2	%
Industrial		2,850		8.9	%		2,824		8.5	%		2,902		8.8	%		2,922		8.7	%		2,880		8.1	%
Other		1,470		4.6	%		2,268		6.8	%		1,971		6.0	%		1,635		4.9	%		1,874		5.3	%

Total	$	31,847		100.0	%	$	33,363		100.0	%	$	32,959		100.0	%	$	33,731		100.0	%	$	35,501		100.0	%

OTHER INFORMATION

Company Ratings as of February 5, 2008


	Moody's	Standard &	A.M. Best	Fitch
	Investors Service	Poor's	Company	Ratings
Financial Strength Ratings
First MetLife Investors Insurance Co.	NR	AA	A+	NR
General American Life Insurance Company	Aa2	AA	A+	AA
MetLife Insurance Company of Connecticut	Aa2	AA	A+	AA
MetLife Insurance Company of Connecticut (Short-term rating)	P-1	NR	NR	NR
MetLife Investors Insurance Company	Aa2	AA	A+	AA
MetLife Investors USA Insurance Company	Aa2	AA	A+	AA
Metropolitan Casualty Insurance Company	NR	NR	A	NR
Metropolitan Direct Property and Casualty Insurance Co.	NR	NR	A	NR
Metropolitan General Insurance Company	NR	NR	A	NR
Metropolitan Group Property & Casualty Insurance Co.	NR	NR	A	NR
Metropolitan Life Insurance Company	Aa2	AA	A+	AA
Metropolitan Life Insurance Company (Short-term rating)	P-1	A-1+	NR	NR
Metropolitan Lloyds Insurance Company of Texas	NR	NR	A	NR
Metropolitan Property and Casualty Insurance Company	NR	NR	A	NR
Metropolitan Tower Life Insurance Company	Aa3	NR	A+	NR
New England Life Insurance Company	Aa2	AA	A+	AA
Texas Life Insurance Company	NR	NR	A	NR

RGA Reinsurance Company	A1	AA-	A+	AA-

Credit Ratings
Beagle Funding LLC
Commercial Paper	P-1	A-1+	NR	NR

General American Life Insurance Company
Surplus Notes	A1	A+	a+	NR

MetLife, Inc.
Senior Unsecured Debt	A2	A	a	A
Commercial Paper	P-1	A-1	AMB-1	F1
Subordinated Debt	A3	NR	a-	NR
Junior Subordinated Debt	Baa1	BBB+	bbb+	NR
Preferred Stock	Baa1	BBB+	bbb+	A-
Non-Cumulative Perpetual Preferred Stock	Baa1	BBB+	bbb+	A-

MetLife Capital Trust II
Trust Preferred Stock	A3	BBB+	a-	A-

MetLife Capital Trust III
Trust Preferred Stock	A3	BBB+	a-	A-

MetLife Capital Trust IV
Trust Securities	Baa1	BBB+	bbb+	NR

MetLife Funding, Inc.
Commercial Paper	P-1	A-1+	AMB-1+	F1+

Metropolitan Life Global Funding I
Senior Secured Debt	Aa2	AA	aa	NR

MetLife Institutional Funding I, LLC
Senior Secured Debt	Aa2	AA	aa	NR

Metropolitan Life Insurance Company
Surplus Notes (Open Block)	A1	A+	a+	A+

Reinsurance Group of America, Incorporated
Senior Unsecured Debt	Baa1	A-	a-	A
Junior Subordinated Debt	Baa3	BBB-	bbb	A-

RGA Capital Trust I
Preferred Stock	Baa2	BBB	bbb+	BBB+

RGA Capital Trust II
Preferred Stock	Baa2	BBB	bbb+	BBB+

NR Not Rated


		Fourth Quarter
		Financial Supplement

		December 31, 2007


(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) Auto & Home Operations, page 28; (iv) International Operations, page 32; (v) Reinsurance Operations, page 33; and (vi) Corporate, Other & Eliminations, page 35. A reconciliation of operating earnings available to common shareholders to net income for MetLife, Inc., Consolidated, appears on page 4.


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


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