MetLife (MET) 8-K Other Events

EXHIBIT 99.1

Part II

Item 6.   Selected Financial Data

The following selected financial data has been derived from the Company’s audited consolidated financial statements which have been updated as described in Item 8.01 of this Current Report onForm 8-K as well as from the Consolidated Financial Statements and Financial Statement Schedules included within Item 8 of Part II of the Company’s Annual Report onForm 10-K for the year ended December 31, 2008 (the “2008 Annual Report”), as updated by Exhibit 99.3 to this Current Report onForm 8-K. The statement of income data for the years ended December 31, 2008, 2007 and 2006 and the balance sheet data at December 31, 2008 and 2007 have been derived from the Company’s audited financial statements included as Exhibit 99.3 to this Current Report onForm 8-K. The statement of income data for the years ended December 31, 2005 and 2004 and the balance sheet data at December 31, 2006, 2005 and 2004 have been derived from the Company’s audited financial statements not included herein. The selected financial data set forth below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” as included in the 2008 Annual Report, portions of which have been updated by Exhibit 99.2 to this Current Report onForm 8-K. Some previously reported amounts have been reclassified due to the implementation of Statement of Financial Accounting Standards (“SFAS”) No. 160,Noncontrolling Interests in Consolidated Financial Statements — An Amendment of ARB No. 51(“SFAS 160”) discussed in footnote 8.

	Years Ended December 31,
	2008			2007			2006			2005			2004
	(In millions)
Statement of Income Data (1)
Revenues (2), (3):
Premiums	$	25,914		$	22,970		$	22,052		$	20,979		$	18,842
Universal life and investment-type product policy fees		5,381			5,238			4,711			3,775			2,819
Net investment income		16,297			18,063			16,247			14,064			11,627
Other revenues		1,586			1,465			1,301			1,221			1,152
Net investment gains (losses)		1,812			(578	)		(1,382	)		(112	)		114
Total revenues		50,990			47,158			42,929			39,927			34,554
Expenses (2), (3):
Policyholder benefits and claims		27,437			23,783			22,869			22,236			19,907
Interest credited to policyholder account balances		4,788			5,461			4,899			3,650			2,766
Policyholder dividends		1,751			1,723			1,698			1,678			1,664
Other expenses (8)		11,947			10,405			9,514			8,269			6,843
Total expenses		45,923			41,372			38,980			35,833			31,180
Income from continuing operations before provision for income tax (8)		5,067			5,786			3,949			4,094			3,374
Provision for income tax (2)(8)		1,582			1,677			1,029			1,158			930
Income from continuing operations, net of income tax (8)		3,485			4,109			2,920			2,936			2,444
Income (loss) from discontinued operations, net of income tax (2)(8)		(207	)		356			3,520			1,875			498
Income before cumulative effect of a change in accounting, net of income tax (8)		3,278			4,465			6,440			4,811			2,942
Cumulative effect of a change in accounting, net of income tax (3)		—			—			—			—			(86	)
Net income (8)		3,278			4,465			6,440			4,811			2,856
Less: Net income attributable to noncontrolling interests (8)		69			148			147			97			98
Net income attributable to MetLife, Inc. (8)		3,209			4,317			6,293			4,714			2,758
Less: Preferred stock dividends		125			137			134			63			—
Net income available to MetLife, Inc.’s common shareholders	$	3,084		$	4,180		$	6,159		$	4,651		$	2,758

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	December 31,
	2008			2007			2006			2005			2004
	(In millions)
Balance Sheet Data (1)
Assets:
General account assets	$	380,839		$	399,007		$	383,758		$	354,857		$	271,137
Separate account assets		120,839			160,142			144,349			127,855			86,755
Total assets (2)	$	501,678		$	559,149		$	528,107		$	482,712		$	357,892
Liabilities:
Life and health policyholder liabilities (4)	$	286,019		$	262,652		$	253,284		$	244,683		$	182,443
Property and casualty policyholder liabilities (4)		3,126			3,324			3,453			3,490			3,180
Short-term debt		2,659			667			1,449			1,414			1,445
Long-term debt		9,667			9,100			8,822			9,088			7,006
Collateral financing arrangements		5,192			4,882			—			—			—
Junior subordinated debt securities		3,758			4,075			3,381			2,134			—
Payables for collateral under securities loaned and other transactions		31,059			44,136			45,846			34,515			28,678
Other (8)		15,374			33,186			32,277			29,141			24,416
Separate account liabilities		120,839			160,142			144,349			127,855			86,755
Total liabilities (2) (8)		477,693			522,164			492,861			452,320			333,923
Stockholders’ Equity:
MetLife, Inc.’s stockholders’ equity:
Preferred stock, at par value		1			1			1			1			—
Common stock, at par value		8			8			8			8			8
Additional paid-in capital		15,811			17,098			17,454			17,274			15,037
Retained earnings (5)		22,403			19,884			16,574			10,865			6,608
Treasury stock, at cost		(236	)		(2,890	)		(1,357	)		(959	)		(1,785	)
Accumulated other comprehensive income (loss) (6)		(14,253	)		1,078			1,118			1,912			2,956
Total MetLife, Inc.’s stockholders’ equity		23,734			35,179			33,798			29,101			22,824
Noncontrolling interests (8)		251			1,806			1,448			1,291			1,145
Total equity (8)		23,985			36,985			35,246			30,392			23,969
Total liabilities and stockholders’ equity	$	501,678		$	559,149		$	528,107		$	482,712		$	357,892

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	Years Ended December 31,
	2008			2007			2006			2005			2004
	(In millions, except per share data)
Other Data (1)
Net income available to MetLife, Inc.’s common shareholders	$	3,084		$	4,180		$	6,159		$	4,651		$	2,758
Return on MetLife, Inc.’s common equity (7)		11.2	%		12.9	%		20.9	%		18.6	%		12.5	%
Return on MetLife, Inc.’s common equity, excluding accumulated other comprehensive income (loss)		9.1	%		13.3	%		22.1	%		20.7	%		14.4	%
EPS Data (1)
Income from Continuing Operations Available to MetLife, Inc.’s Common Shareholders Per Common Share
Basic	$	4.60		$	5.33		$	3.65		$	3.85		$	3.26
Diluted	$	4.54		$	5.20		$	3.60		$	3.82		$	3.24
Income (Loss) from Discontinued Operations Per Common Share
Basic	$	(0.41	)	$	0.29		$	4.44		$	2.36		$	0.52
Diluted	$	(0.40	)	$	0.28		$	4.39		$	2.34		$	0.52
Cumulative Effect of a Change in Accounting Per Common Share (3)
Basic	$	—		$	—		$	—		$	—		$	(0.11	)
Diluted	$	—		$	—		$	—		$	—		$	(0.11	)
Net Income Available to MetLife, Inc.’s Common Shareholders Per Common Share
Basic	$	4.19		$	5.62		$	8.09		$	6.21		$	3.67
Diluted	$	4.14		$	5.48		$	7.99		$	6.16		$	3.65
Dividends Declared Per Common Share	$	0.74		$	0.74		$	0.59		$	0.52		$	0.46

(1)

On July 1, 2005, the Company completed the acquisition of The Travelers Insurance Company, excluding certain assets, most significantly, Primerica, from Citigroup Inc. (“Citigroup”), and substantially all of Citigroup’s international insurance businesses. The 2005 selected financial data includes total revenues and total expenses of $966 million and $577 million, respectively, from the date of the acquisition.

(2)

Discontinued Operations:

Real Estate

Income related to real estate sold or classified as held-for-sale is presented as discontinued operations. The following information presents the components of income from discontinued real estate operations:

	Years Ended December 31,
	2008			2007			2006			2005			2004
	(In millions)
Investment income	$	6		$	21		$	243		$	405		$	658
Investment expense		(3	)		(9	)		(151	)		(246	)		(392	)
Net investment gains (losses)		8			13			4,795			2,125			146
Total revenues		11			25			4,887			2,284			412
Interest expense		—			—			—			—			13
Provision for income tax		4			11			1,725			812			140
Income from discontinued operations, net of income tax	$	7		$	14		$	3,162		$	1,472		$	259

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Operations

In the fourth quarter of 2008, the Company entered into an agreement to sell its wholly-owned subsidiary, Cova, to a third party to be completed in early 2009. In September 2008, the Company completed a tax-free split-off of its majority-owned subsidiary, Reinsurance Group of America, Incorporated (“RGA”). In September 2007, September 2005 and January 2005, the Company sold its MetLife Insurance Limited (“MetLife Australia”) annuities and pension businesses, P.T. Sejahtera (“MetLife Indonesia”) and SSRM Holdings, Inc. (“SSRM”), respectively. The assets, liabilities and operations of Cova, RGA, MetLife Australia, MetLife Indonesia and SSRM have been reclassified into discontinued operations for all years presented. The following tables present these discontinued operations:

	Years Ended December 31,
	2008			2007		2006		2005		2004
	(In millions)
Revenues	$	4,086		$	5,932	$	5,467	$	4,776	$	4,492
Expenses		3,915			5,640		5,179		4,609		4,286
Income before provision for income tax		171			292		288		167		206
Provision for income tax		57			101		99		60		74
Income from discontinued operations, net of income tax		114			191		189		107		132
Income from discontinued operations, net of income tax attributable to noncontrolling interests		94			141		137		109		107
Gain (loss) on sale of subsidiaries, net of income tax		(422	)		10		32		187		—
Income (loss) from discontinued operations, net of income tax available to MetLife, Inc.’s common shareholders	$	(214	)	$	342	$	358	$	403	$	239
	December 31,
	2008			2007		2006		2005		2004
	(In millions)
General account assets	$	946		$	22,866	$	21,918	$	20,150	$	16,852
Separate account assets		—			17		16		14		14
Total assets	$	946		$	22,883	$	21,934	$	20,164	$	16,866
Life and health policyholder liabilities (4)		721			15,780		15,557		15,109		12,210
Debt		—			528		307		401		425
Collateral financing arrangements		—			850		850		—		—
Junior subordinated debt securities		—			399		399		399		—
Shares subject to mandatory redemption		—			159		159		159		158
Other		27			1,411		1,329		995		1,083
Total liabilities	$	748		$	19,127	$	18,601	$	17,063	$	13,876

(3)	The cumulative effect of a change in accounting, net of income tax, of $86 million for the year ended December 31, 2004, resulted from the adoption of Statement of Position (“SOP”)03-1,Accounting and Reporting by Insurance Enterprises for Certain Nontraditional Long-Duration Contracts and for Separate Account.
(4)	Policyholder liabilities include future policy benefits, other policyholder funds and bank deposits. The life and health policyholder liabilities also include policyholder account balances, policyholder dividends payable and the policyholder dividend obligation.

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(5)	The cumulative effect of changes in accounting principles, net of income tax, of $329 million, which decreased retained earnings at January 1, 2007, resulted from $292 million related to the adoption ofSOP 05-1,Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts,and $37 million related to the adoption of Financial Accounting Standards Board Interpretation No. 48,Accounting for Uncertainty in Income Taxes — An Interpretation of FASB Statement No. 109. The cumulative effect of changes in accounting principles, net of income tax, of $27 million, which increased retained earnings at January 1, 2008, resulted from the adoption of SFAS No. 159,The Fair Value Option for Financial Assets and Financial Liabilities(“SFAS 159”).
(6)	The cumulative effect of a change in accounting, net of income tax, of $744 million resulted from the adoption of SFAS No. 158,Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans,which decreased accumulated other comprehensive income (loss) at December 31, 2006. The cumulative effect of a change in accounting principle, net of income tax, of $10 million resulted from the adoption of SFAS 159, which decreased accumulated other comprehensive income (loss) at January 1, 2008.
(7)	Return on common equity is defined as net income available to common shareholders divided by average common stockholders’ equity.
(8)	As a result of the implementation of SFAS 160, which required retrospective application of presentation requirements, total equity at December 31, 2008, 2007, 2006, 2005 and 2004 increased by $251 million, $1,806 million, $1,448 million, $1,291 million and $1,145 million, respectively, representing noncontrolling interests, and other liabilities and total liabilities at December 31, 2008, 2007, 2006, 2005 and 2004 decreased by $251 million, $1,806 million, $1,448 million, $1,291 million and $1,145 million, respectively, as a result of the elimination of noncontrolling interests. Also as a result of the adoption of SFAS 160, income from continuing operations for the years ended December 31, 2008, 2007, 2006, 2005 and 2004 increased by $69 million, $148 million, $147 million, $97 million and $98 million, respectively, and net income attributable to noncontrolling interests for the years ended December 31, 2008, 2007, 2006, 2005 and 2004 increased by $69 million, $148 million, $147 million, $97 million and $98 million, respectively.

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