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New words:
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Financial report summary
?Risks
- We May Face Difficult Economic Conditions
- Political, Obligor and Counterparty Risks
- We May Not Meet Our Liquidity Needs, Access Capital, or May Face Significantly Increased Cost of Capital Due to Adverse Capital and Credit Market Conditions
- MetLife, Inc. May Be Unable to Access Its Credit Facility, Reducing Our Liquidity and Leading to Downgrades in Credit and Financial Strength Ratings
- We May Lose Business Due to a Downgrade or a Potential Downgrade in Financial Strength or Credit Ratings
- We May Not Find Available, Affordable or Adequate Reinsurance to Protect Us Against Losses
- Our Statutory Life Insurance Reserve Financings Costs May Increase, and We May Find Limited Market Capacity for New Financings
- Changes in Laws or Regulation, or in Supervisory and Enforcement Policies, May Reduce Our Profitability, Limit Our Growth, or Otherwise Adversely Affect Us
- Governments or Others May Increase our Taxes by Changing or Re-Interpreting Tax Laws, Making Some of Our Products Less Attractive to Consumers
- We May Face Increasing Litigation and Regulatory Investigations
- Our Efforts to Meet Environmental, Social, and Governance Standards and to Enhance the Sustainability of our Businesses May Not Meet Regulators' or Customers' Expectations
- We May Face Defaults, Downgrades, Volatility or Other Events That Adversely Affect the Investments We Hold
- We May Have Difficulty Selling Holdings in Our Investment Portfolio or in Our Securities Lending Program in a Timely Manner to Realize Their Full Value
- We May Have to Pledge Collateral or Make Payments in Derivatives Transactions
- We May Change Our Securities and Investments Valuation, or Take Allowances and Impairments on Our Investments, or Change Our Methodologies, Estimations, and Assumptions
- Our Actual Claims or Other Results May Differ From Our Estimates, Assumptions, or Models
- We May Face Competition for Business
- We Face Technological Changes That Present New and Intensified Challenges and May Fail to Foresee or Adapt to These Changes
- We May Face Catastrophes That Affect Liabilities for Policyholder Claims and Reinsurance Availability
- We May Face Direct or Indirect Effects of Climate Change or Responses to It
- We May Need to Fund Deficiencies in Our Closed Block, and May Not Re-Allocate Closed Block Assets
- We May Be Required to Impair VOBA, VODA or VOCRA
- We May Face Volatility, Higher Risk Management Costs, and Increased Counterparty Risk Due to Guarantees Within Certain of Our Products
- Our Risk Management Policies and Procedures, or Our Models, May Leave Us Exposed to Unidentified or Unanticipated Risk
- Our Policies and Procedures May Be Insufficient to Protect Us From Operational Risks
- We May Fail to Protect the Confidentiality and Integrity of Our Data, Including As a Result of a Failure in Our Cybersecurity or Other Information Security Systems or Our Disaster Recovery Plans or Those of Our Vendors
- We May Face Changes in Accounting Standards
- Our Associates May Take Excessive Risks
- We May Have Difficulty in or Complications from Marketing and Distributing Our Products
Management Discussion
- MLIC is a provider of insurance, annuities, employee benefits and asset management. In the fourth quarter of 2023, the Company reorganized from two segments into the following three segments to reflect changes in management’s responsibilities: Group Benefits, Retirement and Income Solutions (“RIS”), and MetLife Holdings. The Group Benefits and RIS businesses were previously reported as the U.S. segment. These changes were applied retrospectively and did not have an impact on prior period total consolidated net income (loss) or adjusted earnings. In addition, the Company continues to report certain of its results of operations in Corporate & Other. See Note 2 of the Notes to the Interim Condensed Consolidated Financial Statements for further information on the Company’s segments and Corporate & Other.