Third Quarter

Financial Supplement

September 30, 2007

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 October 31, 2007, for the quarter ended September 30, 2007, which are available at www.metlife.com.

1

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

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
	2006			2006			2007			2007			2007
Net income	$	1,033		$	3,863		$	1,017		$	1,163		$	1,019
Preferred stock dividends		34			34			34			34			34
Net income available to common shareholders		999			3,829			983			1,129			985
Net investment gains (losses)		256			4,324			(95	)		(309	)		(339	)
Minority interest — net investment gains (losses)		0			(2	)		4			4			10
Net investment gains (losses) tax benefit (provision)		(92	)		(1,531	)		33			112			114
Net investment gains (losses), net of income tax (1) (2)		164			2,791			(58	)		(193	)		(215	)
Adjustments related to universal life and investment-type product policy fees		3			3			0			(10	)		(4	)
Adjustments related to policyholder benefits and dividends		(204	)		(98	)		(65	)		(34	)		(65	)
Adjustments related to other expenses		14			49			25			49			77
Adjustments related to tax benefit (provision)		66			17			14			(1	)		(3	)
Adjustments related to net investment gains (losses), net of income tax (3)		(121	)		(29	)		(26	)		4			5
Discontinued operations, net of income tax		(2	)		13			(15	)		7			34
Operating earnings available to common shareholders (4)	$	958		$	1,054		$	1,082		$	1,311		$	1,161
Net income available to common shareholders per common share — diluted	$	1.29		$	4.95		$	1.28		$	1.48		$	1.29
Net investment gains (losses), net of income tax		0.21			3.61			(0.08	)		(0.26	)		(0.28	)
Adjustments related to net investment gains (losses), net of income tax		(0.16	)		(0.04	)		(0.03	)		0.01			0.01
Discontinued operations, net of income tax		0.00			0.02			(0.02	)		0.01			0.04
Operating earnings available to common shareholders — diluted	$	1.24		$	1.36		$	1.41		$	1.72		$	1.52
Weighted average common shares outstanding — diluted		773.7			773.1			769.1			763.6			762.7
Book value per common share (actual common shares outstanding)	$	38.91		$	42.23		$	43.22		$	42.42		$	44.18
Book value per common share, excluding accumulated other comprehensive income (actual common shares outstanding)	$	36.42		$	40.74		$	41.32		$	42.82		$	44.10
Book value per common share — diluted (weighted average common shares outstanding)	$	38.22		$	41.08		$	41.64		$	41.27		$	42.88
Book value per common share, excluding accumulated other comprehensive income — diluted (weighted average common shares outstanding)	$	35.78		$	39.63		$	39.82		$	41.65		$	42.81
	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
	2006			2006			2007			2007			2007
Common shares outstanding, beginning of period		759.2			760.0			752.0			741.1			742.8
Treasury stock		0.8			(8.0	)		(10.9	)		1.7			(2.5	)
Common shares outstanding, end of period		760.0			752.0			741.1			742.8			740.3
Weighted average common shares outstanding — basic		762.4			759.6			752.7			744.5			744.0
Dilutive effect of stock-based awards		9.3			9.8			10.4			11.6			10.9
Dilutive effect of stock purchase contracts underlying common equity units		2.0			3.7			6.0			7.5			7.8
Weighted average common shares outstanding — diluted		773.7			773.1			769.1			763.6			762.7
Policyholder Trust Shares		281.9			276.9			272.7			267.7			265.2
SUPPLEMENTAL DATA
Adjusted long-term debt to total capital (5)		27.1	%		26.4	%		26.4	%		25.8	%		25.4	%

(1)	Net investment gains (losses), net of income tax, excludes scheduled periodic settlement payments on derivative instruments not qualifying for hedge accounting treatment of $61 million, $56 million, $38 million, $41 million and $41 million for the three months ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 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 $63 million, $3,021 million, $3 million, $0 million and $0 million for the three months ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 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:

	September 30,			December 31,			March 31,			June 30,			September 30,
	2006			2006			2007			2007			2007
Long-term debt	$	10,312		$	9,979		$	10,338		$	12,497		$	12,636
Junior subordinated debt		2,533			3,780			3,780			3,780			3,780
Total debt		12,845			13,759			14,118			16,277			16,416
Adjustments:
Short-term debt (a)		905			723			731			740			750
Long-term debt (b)		(2,584	)		(2,684	)		(3,037	)		(5,165	)		(5,273	)
Total adjustments		(1,679	)		(1,961	)		(2,306	)		(4,425	)		(4,523	)
Total adjusted long-term debt	$	11,166		$	11,798		$	11,812		$	11,852		$	11,893

(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.

2

METLIFE, INC.

CONSOLIDATED BALANCE SHEETS

	September 30,			December 31,			March 31,			June 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007
ASSETS
Fixed maturity securities, at fair value	$	241,656		$	242,687		$	248,693		$	251,963		$	253,196
Equity securities, at fair value		3,177			5,094			5,134			6,046			6,250
Mortgage and consumer loans		40,141			42,239			43,936			43,755			44,849
Policy loans		10,115			10,228			10,177			10,251			10,321
Real estate and real estate joint ventures		4,931			4,986			5,427			5,933			6,360
Other limited partnership interests		4,686			4,781			4,948			5,111			5,371
Short-term investments		5,839			2,709			2,483			2,763			1,727
Other invested assets		9,194			10,428			9,713			10,302			11,258
Total Investments		319,739			323,152			330,511			336,124			339,332
Cash and cash equivalents		5,924			7,107			6,545			6,504			8,627
Accrued investment income		3,380			3,347			3,300			3,710			3,952
Premiums and other receivables		14,494			14,490			15,581			15,297			16,549
Deferred policy acquisition costs and value of business acquired		20,552			20,838			20,371			21,067			21,310
Assets of subsidiaries held-for-sale		1,530			1,563			1,568			1,560			0
Current income tax recoverable		170			0			122			0			0
Goodwill		4,916			4,897			4,897			4,904			4,909
Other assets		8,207			7,956			7,602			7,563			7,719
Separate account assets		137,274			144,365			147,312			155,835			160,679
Total Assets	$	516,186		$	527,715		$	537,809		$	552,564		$	563,077
LIABILITIES AND EQUITY
Liabilities
Future policy benefits	$	125,614		$	127,489		$	128,369		$	129,348		$	131,126
Policyholder account balances		130,353			131,948			132,489			136,514			138,900
Other policyholder funds		9,100			9,139			9,467			9,772			10,345
Policyholder dividends payable		1,004			960			961			1,006			1,045
Policyholder dividend obligation		1,077			1,063			974			378			630
Short-term debt		1,706			1,449			3,375			1,476			1,880
Long-term debt		10,312			9,979			10,338			12,497			12,636
Junior subordinated debt securities		2,533			3,780			3,780			3,780			3,780
Shares subject to mandatory redemption		278			278			278			279			279
Liabilities of subsidiaries held-for-sale		1,545			1,595			1,598			1,616			0
Current income tax payable		0			1,465			0			7			333
Deferred income tax liability		2,319			2,278			1,992			1,050			1,323
Payables for collateral under securities loaned and other transactions		48,082			45,846			48,140			50,590			49,283
Other liabilities		13,379			12,283			14,667			14,861			16,092
Separate account liabilities		137,274			144,365			147,312			155,835			160,679
Total Liabilities		484,576			493,917			503,740			519,009			528,331
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		17,397			17,454			17,503			17,495			17,522
Retained earnings		13,195			16,574			17,228			18,357			19,342
Treasury stock		(878	)		(1,357	)		(2,073	)		(2,014	)		(2,183	)
Accumulated other comprehensive income		1,887			1,118			1,402			(292	)		56
Total Stockholders’ Equity		31,610			33,798			34,069			33,555			34,746
Total Liabilities and Stockholders’ Equity	$	516,186		$	527,715		$	537,809		$	552,564		$	563,077

3

METLIFE, INC.

CONSOLIDATED STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007
REVENUES
Premiums	$	6,577		$	6,979		$	6,765		$	6,903		$	6,944
Universal life and investment-type product policy fees		1,185			1,229			1,280			1,317			1,319
Investment income, net		4,283			4,675			4,582			4,902			4,765
Other revenues		339			360			384			411			364
		12,384			13,243			13,011			13,533			13,392
EXPENSES
Policyholder benefits and dividends		6,930			7,318			7,132			7,253			7,387
Interest credited to policyholder account balances		1,331			1,381			1,372			1,460			1,453
Interest credited to bank deposits		51			52			51			49			50
Interest expenses		234			218			224			241			274
Other expenses		2,473			2,778			2,650			2,597			2,520
		11,019			11,747			11,429			11,600			11,684
Operating earnings before provision (benefit) for income tax		1,365			1,496			1,582			1,933			1,708
Provision for income tax		373			408			466			588			513
Operating earnings		992			1,088			1,116			1,345			1,195
Preferred stock dividends		34			34			34			34			34
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	958		$	1,054		$	1,082		$	1,311		$	1,161
Net Income Reconciliation
Operating earnings available to common shareholders	$	958		$	1,054		$	1,082		$	1,311		$	1,161
Net investment gains (losses)		256			4,324			(95	)		(309	)		(339	)
Minority interest — net investment gains (losses)		0			(2	)		4			4			10
Net investment gains (losses) tax benefit (provision)		(92	)		(1,531	)		33			112			114
Net investment gains (losses), net of income tax		164			2,791			(58	)		(193	)		(215	)
Adjustments related to universal life and investment-type product policy fees		3			3			0			(10	)		(4	)
Adjustments related to policyholder benefits and dividends		(204	)		(98	)		(65	)		(34	)		(65	)
Adjustments related to other expenses		14			49			25			49			77
Adjustments related to tax benefit (provision)		66			17			14			(1	)		(3	)
Adjustments related to net investment gains (losses), net of income tax (1)		(121	)		(29	)		(26	)		4			5
Discontinued operations, net of income tax		(2	)		13			(15	)		7			34
Net income available to common shareholders		999			3,829			983			1,129			985
Preferred stock dividends		34			34			34			34			34
Net income	$	1,033		$	3,863		$	1,017		$	1,163		$	1,019

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

4

METLIFE, INC.

CONSOLIDATING BALANCE SHEET
SEPTEMBER 30, 2007

																		Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			Auto & Home			International			Reinsurance		& Eliminations
ASSETS
Total investments	$	339,332		$	145,894		$	123,714		$	3,784		$	15,486		$	15,313	$	35,141
Cash and cash equivalents		8,627			(998	)		1,205			(246	)		299			338		8,029
Accrued investment income		3,952			1,411			1,298			61			213			122		847
Premiums and other receivables		16,549			5,488			2,281			1,235			1,169			1,452		4,924
Deferred policy acquisition costs and value of business acquired		21,310			933			14,251			199			2,493			3,424		10
Assets of subsidiaries held-for-sale		0			0			0			0			0			0		0
Current income tax recoverable		0			0			0			0			0			0		0
Goodwill		4,909			978			2,957			157			312			96		409
Other assets		7,719			1,462			3,189			396			384			111		2,177
Separate account assets		160,679			51,420			104,414			0			4,828			17		0
Total Assets	$	563,077		$	206,588		$	253,309		$	5,586		$	25,184		$	20,873	$	51,537
LIABILITIES AND EQUITY
Liabilities
Future policy benefits	$	131,126		$	51,560		$	56,349		$	3,299		$	9,530		$	5,952	$	4,436
Policyholder account balances		138,900			67,974			55,321			0			4,540			6,564		4,501
Other policyholder funds		10,345			3,366			3,035			59			1,449			2,227		209
Policyholder dividends payable		1,045			0			1,045			0			0			0		0
Policyholder dividend obligation		630			0			630			0			0			0		0
Short-term debt		1,880			0			0			0			0			0		1,880
Long-term debt		12,636			2			169			445			67			1,378		10,575
Junior subordinated debt securities		3,780			0			0			0			0			399		3,381
Shares subject to mandatory redemption		279			0			0			0			0			159		120
Liabilities of subsidiaries held-for-sale		0			0			0			0			0			0		0
Current income tax payable		333			(60	)		(10	)		32			(88	)		84		375
Deferred income tax liability		1,323			(1,723	)		1,716			(38	)		137			816		415
Payables for collateral under securities loaned and other transactions		49,283			21,247			17,198			67			0			0		10,771
Other liabilities		16,092			3,519			3,613			223			1,352			1,927		5,458
Separate account liabilities		160,679			51,420			104,414			0			4,828			17		0
Total Liabilities		528,331			197,305			243,480			4,087			21,815			19,523		42,121
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)		36,864			9,551			10,055			1,423			2,906			1,115		11,814
Treasury stock		(2,183	)		0			0			0			0			0		(2,183	)
Accumulated other comprehensive income		56			(268	)		(226	)		76			463			235		(224	)
Total Stockholders’ Equity		34,746			9,283			9,829			1,499			3,369			1,350		9,416
Total Liabilities and Stockholders’ Equity	$	563,077		$	206,588		$	253,309		$	5,586		$	25,184		$	20,873	$	51,537

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

5

METLIFE, INC.
CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2007

																			Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			Auto & Home			International			Reinsurance			& Eliminations
REVENUES
Premiums	$	6,944		$	3,080		$	1,099		$	751		$	780		$	1,228		$	6
Universal life and investment-type product policy fees		1,319			201			880			0			238			0			0
Investment income, net		4,765			2,068			1,725			43			370			181			378
Other revenues		364			180			145			10			5			23			1
		13,392			5,529			3,849			804			1,393			1,432			385
EXPENSES
Policyholder benefits and dividends		7,387			3,446			1,760			456			708			1,006			11
Interest credited to policyholder account balances		1,453			802			506			0			110			35			0
Capitalization of deferred policy acquisition costs		(1,027	)		(57	)		(423	)		(127	)		(208	)		(213	)		1
Amortization of deferred policy acquisition costs		701			55			329			119			38			162			(2	)
Other expenses		3,170			572			1,124			212			544			376			342
		11,684			4,818			3,296			660			1,192			1,366			352
Operating earnings before provision (benefit) for income tax		1,708			711			553			144			201			66			33
Provision (benefit) for income tax		513			244			190			35			67			23			(46	)
Operating earnings		1,195			467			363			109			134			43			79
Preferred stock dividends		34			0			0			0			0			0			34
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	1,161		$	467		$	363		$	109		$	134		$	43		$	45
Net Income Reconciliation
Operating earnings available to common shareholders	$	1,161		$	467		$	363		$	109		$	134		$	43		$	45
Net investment gains (losses)		(339	)		(271	)		(33	)		0			19			(61	)		7
Minority interest — net investment gains (losses)		10			0			0			0			0			10			0
Net investment gains (losses) tax benefit (provision)		114			95			11			0			(5	)		18			(5	)
Net investment gains (losses), net of income tax		(215	)		(176	)		(22	)		0			14			(33	)		2
Adjustments related to universal life and investment-type product policy fees		(4	)		0			(4	)		0			0			0			0
Adjustments related to policyholder benefits and dividends		(65	)		(30	)		(52	)		0			17			0			0
Adjustments related to other expenses		77			0			36			0			0			41			0
Adjustments related to tax benefit (provision)		(3	)		11			6			0			(6	)		(14	)		0
Adjustments related to net investment gains (losses), net of income tax (1)		5			(19	)		(14	)		0			11			27			0
Discontinued operations, net of income tax		34			0			0			0			44			0			(10	)
Net income available to common shareholders		985			272			327			109			203			37			37
Preferred stock dividends		34			0			0			0			0			0			34
Net income	$	1,019		$	272		$	327		$	109		$	203		$	37		$	71
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	8,627		$	3,461		$	2,124		$	761		$	1,023		$	1,251		$	7

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

6

METLIFE, INC.
CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2006

																			Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			Auto & Home			International			Reinsurance			& Eliminations
REVENUES
Premiums	$	6,577		$	2,992		$	1,095		$	732		$	675		$	1,076		$	7
Universal life and investment-type product policy fees		1,185			201			779			0			205			0			0
Investment income, net		4,283			1,865			1,717			46			265			171			219
Other revenues		339			171			126			3			8			19			12
		12,384			5,229			3,717			781			1,153			1,266			238
EXPENSES
Policyholder benefits and dividends		6,930			3,368			1,692			427			581			849			13
Interest credited to policyholder account balances		1,331			682			528			0			75			46			0
Capitalization of deferred policy acquisition costs		(954	)		(93	)		(340	)		(124	)		(146	)		(251	)		0
Amortization of deferred policy acquisition costs		765			64			287			116			92			202			4
Other expenses		2,947			617			987			217			435			374			317
		11,019			4,638			3,154			636			1,037			1,220			334
Operating earnings before provision (benefit) for income tax		1,365			591			563			145			116			46			(96	)
Provision (benefit) for income tax		373			201			196			38			44			17			(123	)
Operating earnings		992			390			367			107			72			29			27
Preferred stock dividends		34			0			0			0			0			0			34
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	958		$	390		$	367		$	107		$	72		$	29			($7	)
Net Income Reconciliation
Operating earnings available to common shareholders	$	958		$	390		$	367		$	107		$	72		$	29			($7	)
Net investment gains (losses)		256			230			79			(1	)		(15	)		3			(40	)
Minority interest — net investment gains (losses)		0			0			0			0			0			0			0
Net investment gains (losses) tax benefit (provision)		(92	)		(80	)		(26	)		0			4			(2	)		12
Net investment gains (losses), net of income tax		164			150			53			(1	)		(11	)		1			(28	)
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		(204	)		(85	)		(46	)		0			(73	)		0			0
Adjustments related to other expenses		14			0			15			0			0			(1	)		0
Adjustments related to tax benefit (provision)		66			31			9			0			25			1			0
Adjustments related to net investment gains (losses), net of income tax (1)		(121	)		(54	)		(19	)		0			(48	)		0			0
Discontinued operations, net of income tax		(2	)		0			0			0			(2	)		0			0
Net income available to common shareholders		999			486			401			106			11			30			(35	)
Preferred stock dividends		34			0			0			0			0			0			34
Net income	$	1,033		$	486		$	401		$	106		$	11		$	30			($1	)
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	8,101		$	3,364		$	2,000		$	735		$	888		$	1,095		$	19

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

7

METLIFE, INC.
CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007

																			Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			Auto & Home			International			Reinsurance			& Eliminations
REVENUES
Premiums	$	20,612		$	9,279		$	3,272		$	2,205		$	2,272		$	3,562		$	22
Universal life and investment-type product policy fees		3,916			578			2,623			0			715			0			0
Investment income, net		14,249			6,175			5,285			140			891			653			1,105
Other revenues		1,159			547			446			29			21			60			56
		39,936			16,579			11,626			2,374			3,899			4,275			1,183
EXPENSES
Policyholder benefits and dividends		21,772			10,307			5,265			1,333			1,947			2,887			33
Interest credited to policyholder account balances		4,285			2,291			1,508			0			269			217			0
Capitalization of deferred policy acquisition costs		(2,822	)		(190	)		(1,193	)		(358	)		(486	)		(589	)		(6	)
Amortization of deferred policy acquisition costs		2,253			182			1,041			349			216			456			9
Other expenses		9,225			1,796			3,283			619			1,420			1,123			984
		34,713			14,386			9,904			1,943			3,366			4,094			1,020
Operating earnings before provision (benefit) for income tax		5,223			2,193			1,722			431			533			181			163
Provision (benefit) for income tax		1,567			753			591			108			158			64			(107	)
Operating earnings		3,656			1,440			1,131			323			375			117			270
Preferred stock dividends		102			0			0			0			0			0			102
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	3,554		$	1,440		$	1,131		$	323		$	375		$	117		$	168
Net Income Reconciliation
Operating earnings available to common shareholders	$	3,554		$	1,440		$	1,131		$	323		$	375		$	117		$	168
Net investment gains (losses)		(743	)		(669	)		(119	)		12			63			(81	)		51
Minority interest — net investment gains (losses)		18			0			0			0			0			18			0
Net investment gains (losses) tax benefit (provision)		259			237			40			(4	)		(20	)		22			(16	)
Net investment gains (losses), net of income tax		(466	)		(432	)		(79	)		8			43			(41	)		35
Adjustments related to universal life and investment-type product policy fees		(14	)		0			(14	)		0			0			0			0
Adjustments related to policyholder benefits and dividends		(164	)		(29	)		(159	)		0			24			0			0
Adjustments related to other expenses		151			0			107			0			0			44			0
Adjustments related to tax benefit (provision)		10			11			23			0			(9	)		(15	)		0
Adjustments related to net investment gains (losses), net of income tax (1)		(17	)		(18	)		(43	)		0			15			29			0
Discontinued operations, net of income tax		26			0			0			0			(3	)		0			29
Net income available to common shareholders		3,097			990			1,009			331			430			105			232
Preferred stock dividends		102			0			0			0			0			0			102
Net income	$	3,199		$	990		$	1,009		$	331		$	430		$	105		$	334
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	25,687		$	10,404		$	6,341		$	2,234		$	3,008		$	3,622		$	78

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

8

METLIFE, INC.
CONSOLIDATING STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2006

																			Corporate, Other
Unaudited (In millions)	Consolidated			Institutional			Individual			Auto & Home			International			Reinsurance			& Eliminations
REVENUES
Premiums	$	19,433		$	8,817		$	3,279		$	2,182		$	1,982		$	3,147		$	26
Universal life and investment-type product policy fees		3,557			603			2,371			0			583			0			0
Investment income, net		12,791			5,476			5,167			133			691			501			823
Other revenues		1,002			510			386			18			16			47			25
		36,783			15,406			11,203			2,333			3,272			3,695			874
EXPENSES
Policyholder benefits and dividends		20,704			9,926			5,192			1,312			1,708			2,533			33
Interest credited to policyholder account balances		3,784			1,893			1,522			0			212			157			0
Capitalization of deferred policy acquisition costs		(2,727	)		(236	)		(1,125	)		(348	)		(442	)		(576	)		0
Amortization of deferred policy acquisition costs		2,019			142			878			342			255			401			1
Other expenses		8,674			1,774			3,011			627			1,236			1,053			973
		32,454			13,499			9,478			1,933			2,969			3,568			1,007
Operating earnings before provision (benefit) for income tax		4,329			1,907			1,725			400			303			127			(133	)
Provision (benefit) for income tax		1,261			648			597			101			91			45			(221	)
Operating earnings		3,068			1,259			1,128			299			212			82			88
Preferred stock dividends		100			0			0			0			0			0			100
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	2,968		$	1,259		$	1,128		$	299		$	212		$	82			($12	)
Net Income Reconciliation
Operating earnings available to common shareholders	$	2,968		$	1,259		$	1,128		$	299		$	212		$	82			($12	)
Net investment gains (losses)		(1,207	)		(549	)		(493	)		(4	)		(4	)		(4	)		(153	)
Minority interest — net investment gains (losses)		2			0			0			0			0			2			0
Net investment gains (losses) tax benefit (provision)		417			197			177			1			(7	)		0			49
Net investment gains (losses), net of income tax		(788	)		(352	)		(316	)		(3	)		(11	)		(2	)		(104	)
Adjustments related to universal life and investment-type product policy fees		(9	)		0			(9	)		0			0			0			0
Adjustments related to policyholder benefits and dividends		(12	)		1			(11	)		0			(2	)		0			0
Adjustments related to other expenses		182			0			178			0			0			4			0
Adjustments related to tax benefit (provision)		(58	)		0			(57	)		0			0			(1	)		0
Adjustments related to net investment gains (losses), net of income tax (1)		103			1			101			0			(2	)		3			0
Discontinued operations, net of income tax		47			0			0			0			17			0			30
Net income available to common shareholders		2,330			908			913			296			216			83			(86	)
Preferred stock dividends		100			0			0			0			0			0			100
Net income	$	2,430		$	908		$	913		$	296		$	216		$	83		$	14
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	23,992		$	9,930		$	6,036		$	2,200		$	2,581		$	3,194		$	51

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

9

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

	For the Three Months Ended
	September 30,			December 31,		March 31,		June 30,		September 30,
Unaudited (In millions)	2006			2006		2007		2007		2007
INSTITUTIONAL OPERATIONS	$	390		$	441	$	452	$	521	$	467
INDIVIDUAL OPERATIONS		367			415		319		449		363
AUTO & HOME OPERATIONS		107			115		106		108		109
INTERNATIONAL OPERATIONS		72			16		124		117		134
REINSURANCE OPERATIONS		29			33		36		38		43
CORPORATE, OTHER & ELIMINATIONS		(7	)		34		45		78		45
CONSOLIDATED	$	958		$	1,054	$	1,082	$	1,311	$	1,161

(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.

10

INSTITUTIONAL OPERATIONS

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — TOTAL

	For the Three Months Ended															For the Year-to-Date Period Ended
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	2,992		$	3,050		$	3,125		$	3,074		$	3,080		$	8,817		$	9,279
Universal life and investment-type product policy fees		201			172			191			186			201			603			578
Investment income, net		1,865			2,020			1,967			2,140			2,068			5,476			6,175
Other revenues		171			175			190			177			180			510			547
		5,229			5,417			5,473			5,577			5,529			15,406			16,579
EXPENSES
Policyholder benefits and dividends		3,368			3,421			3,463			3,398			3,446			9,926			10,307
Interest credited to policyholder account balances		682			694			722			767			802			1,893			2,291
Other expenses		588			634			600			618			570			1,680			1,788
		4,638			4,749			4,785			4,783			4,818			13,499			14,386
Operating earnings before provision (benefit) for income tax		591			668			688			794			711			1,907			2,193
Provision (benefit) for income tax		201			227			236			273			244			648			753
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	390		$	441		$	452		$	521		$	467		$	1,259		$	1,440
Net Income Reconciliation
Operating earnings available to common shareholders	$	390		$	441		$	452		$	521		$	467		$	1,259		$	1,440
Net investment gains (losses)		230			(253	)		(137	)		(261	)		(271	)		(549	)		(669	)
Minority interest — net investment gains (losses)		0			0			0			0			0			0			0
Net investment gains (losses) tax benefit (provision)		(80	)		85			49			93			95			197			237
Net investment gains (losses), net of income tax		150			(168	)		(88	)		(168	)		(176	)		(352	)		(432	)
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		(85	)		(21	)		(12	)		13			(30	)		1			(29	)
Adjustments related to other expenses		0			0			0			0			0			0			0
Adjustments related to tax benefit (provision)		31			7			4			(4	)		11			0			11
Adjustments related to net investment gains (losses), net of income tax (1)		(54	)		(14	)		(8	)		9			(19	)		1			(18	)
Cumulative effect of a change in accounting, 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		486			259			356			362			272			908			990
Preferred stock dividends		0			0			0			0			0			0			0
Net income	$	486		$	259		$	356		$	362		$	272		$	908		$	990
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	3,364		$	3,397		$	3,506		$	3,437		$	3,461		$	9,930		$	10,404
Actual Number of Sales Representatives		677			642			646			634			636

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

11

INSTITUTIONAL 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
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	1,434		$	1,478		$	1,576		$	1,574		$	1,556		$	4,459		$	4,706
Universal life and investment-type product policy fees		196			171			189			184			196			588			569
Investment income, net		321			334			327			338			347			933			1,012
Other revenues		14			16			24			20			19			42			63
		1,965			1,999			2,116			2,116			2,118			6,022			6,350
EXPENSES
Policyholder benefits and dividends		1,505			1,515			1,626			1,565			1,614			4,625			4,805
Interest credited to policyholder account balances		148			153			152			155			155			425			462
Other expenses		159			187			175			180			164			471			519
		1,812			1,855			1,953			1,900			1,933			5,521			5,786
Operating earnings before provision (benefit) for income tax		153			144			163			216			185			501			564
Provision (benefit) for income tax		52			49			56			74			64			170			194
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	101		$	95		$	107		$	142		$	121		$	331		$	370
Net investment gains (losses), net of income tax		(10	)		(26	)		(4	)		11			(57	)		(59	)		(50	)
Adjustments related to net investment gains (losses), net of income tax		0			0			0			0			1			4			1
Discontinued operations, net of income tax		0			0			0			0			0			0			0
Net income available to common shareholders		91			69			103			153			65			276			321
Preferred stock dividends		0			0			0			0			0			0			0
Net income	$	91		$	69		$	103		$	153		$	65		$	276		$	321
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	1,644		$	1,665		$	1,789		$	1,778		$	1,771		$	5,089		$	5,338
Incurred Loss Ratio (Mortality Experience)
Term Life		91.6	%		92.1	%		91.8	%		89.2	%		92.4	%

12

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
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	436		$	436		$	310		$	272		$	330		$	1,024		$	912
Universal life and investment-type product policy fees		5			1			2			2			2			15			6
Investment income, net		1,386			1,505			1,468			1,603			1,545			4,072			4,616
Other revenues		62			67			71			61			63			188			195
		1,889			2,009			1,851			1,938			1,940			5,299			5,729
EXPENSES
Policyholder benefits and dividends		940			942			787			777			836			2,469			2,400
Interest credited to policyholder account balances		534			541			570			612			646			1,468			1,828
Other expenses		111			114			89			94			92			328			275
		1,585			1,597			1,446			1,483			1,574			4,265			4,503
Operating earnings before provision (benefit) for income tax		304			412			405			455			366			1,034			1,226
Provision (benefit) for income tax		103			140			139			156			126			351			421
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	201		$	272		$	266		$	299		$	240		$	683		$	805
Net investment gains (losses), net of income tax		105			(140	)		(81	)		(120	)		(190	)		(250	)		(391	)
Adjustments related to net investment gains (losses), net of income tax		(16	)		(8	)		(4	)		(3	)		(4	)		(13	)		(11	)
Discontinued operations, net of income tax		0			0			0			0			0			0			0
Net income available to common shareholders		290			124			181			176			46			420			403
Preferred stock dividends		0			0			0			0			0			0			0
Net income	$	290		$	124		$	181		$	176		$	46		$	420		$	403
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	503		$	504		$	383		$	335		$	395		$	1,227		$	1,113

13

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
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	1,122		$	1,136		$	1,239		$	1,228		$	1,194		$	3,334		$	3,661
Universal life and investment-type product policy fees		0			0			0			0			3			0			3
Investment income, net		158			181			172			199			176			471			547
Other revenues		95			92			95			96			98			280			289
		1,375			1,409			1,506			1,523			1,471			4,085			4,500
EXPENSES
Policyholder benefits and dividends		923			964			1,050			1,056			996			2,832			3,102
Interest credited to policyholder account balances		0			0			0			0			1			0			1
Other expenses		318			333			336			344			314			881			994
		1,241			1,297			1,386			1,400			1,311			3,713			4,097
Operating earnings before provision (benefit) for income tax		134			112			120			123			160			372			403
Provision (benefit) for income tax		46			38			41			43			54			127			138
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	88		$	74		$	79		$	80		$	106		$	245		$	265
Net investment gains (losses), net of income tax		55			(2	)		(3	)		(59	)		71			(43	)		9
Adjustments related to net investment gains (losses), net of income tax		(38	)		(6	)		(4	)		12			(16	)		10			(8	)
Discontinued operations, net of income tax		0			0			0			0			0			0			0
Net income available to common shareholders		105			66			72			33			161			212			266
Preferred stock dividends		0			0			0			0			0			0			0
Net income	$	105		$	66		$	72		$	33		$	161		$	212		$	266
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	1,217		$	1,228		$	1,334		$	1,324		$	1,295		$	3,614		$	3,953
Group Disability Premiums, Fees and Other Revenues (Included in Total)	$	352		$	357		$	405		$	372		$	371		$	1,041		$	1,148
Incurred Loss Ratio (Morbidity Experience)
Group Disability		83.0	%		95.2	%		87.0	%		90.8	%		91.2	%

14

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
		September 30,			December 31,			March 31,			June 30,			September 30,
Group Life		2006			2006			2007			2007			2007
Balance, beginning of period		$	16,686		$	16,594		$	16,818		$	17,132		$	17,213
Premiums and deposits			2,787			2,854			3,075			3,052			2,917
Interest on reserves			193			197			195			198			198
Surrenders and withdrawals			(1,392	)		(1,111	)		(1,167	)		(1,321	)		(1,270	)
Benefits and reserves			(1,514	)		(1,521	)		(1,627	)		(1,569	)		(1,611	)
Other			(166	)		(195	)		(162	)		(279	)		(133	)
Balance, end of period		$	16,594		$	16,818		$	17,132		$	17,213		$	17,314

	For the Three Months Ended
		September 30,			December 31,			March 31,			June 30,			September 30,
Retirement & Savings		2006			2006			2007			2007			2007
Balance, beginning of period		$	79,406		$	81,440		$	84,035		$	85,118		$	89,209
Premiums and deposits			3,389			3,387			3,245			7,266			3,225
Interest on reserves			1,054			1,086			1,088			1,192			1,440
Surrenders and withdrawals			(2,031	)		(2,143	)		(2,463	)		(3,075	)		(2,622	)
Benefits and reserves			(663	)		(676	)		(728	)		(688	)		(716	)
Other			285			941			(59	)		(604	)		865
Balance, end of period		$	81,440		$	84,035		$	85,118		$	89,209		$	91,401

	For the Three Months Ended
		September 30,			December 31,			March 31,			June 30,			September 30,
Non-Medical Health & Other		2006			2006			2007			2007			2007
Balance, beginning of period		$	9,014		$	9,277		$	9,541		$	9,798		$	10,089
Premiums and deposits			1,075			1,084			1,186			1,174			1,635
Interest on reserves			84			86			86			87			94
Surrenders and withdrawals			21			22			27			22			26
Benefits and reserves			(931	)		(980	)		(1,048	)		(1,068	)		(1,022	)
Other			14			52			6			76			(3	)
Balance, end of period		$	9,277		$	9,541		$	9,798		$	10,089		$	10,819

SEPARATE ACCOUNT LIABILITIES

	For the Three Months Ended
		September 30,			December 31,			March 31,			June 30,			September 30,
Group Life		2006			2006			2007			2007			2007
Balance, beginning of period		$	11,294		$	12,608		$	13,081		$	13,143		$	13,971
Premiums and deposits			552			627			294			598			153
Investment performance			328			146			(100	)		371			452
Surrenders and withdrawals			(139	)		(110	)		(126	)		(133	)		(246	)
Policy charges			(7	)		(8	)		(8	)		(9	)		(9	)
Other			580			(182	)		2			1			940
Balance, end of period		$	12,608		$	13,081		$	13,143		$	13,971		$	15,261

	For the Three Months Ended
		September 30,			December 31,			March 31,			June 30,			September 30,
Retirement & Savings		2006			2006			2007			2007			2007
Balance, beginning of period		$	33,657		$	33,121		$	33,521		$	34,155		$	35,207
Premiums and deposits			1,256			952			944			1,401			976
Investment performance			1,218			809			1,414			1,350			877
Surrenders and withdrawals			(2,978	)		(1,342	)		(1,704	)		(1,689	)		(1,433	)
Policy charges			(25	)		(21	)		(22	)		(19	)		(22	)
Other			(7	)		2			2			9			2
Balance, end of period		$	33,121		$	33,521		$	34,155		$	35,207		$	35,607
	For the Three Months Ended
		September 30,			December 31,			March 31,			June 30,			September 30,
Non-Medical Health & Other		2006			2006			2007			2007			2007
Balance, beginning of period		$	377		$	422		$	445		$	483		$	508
Premiums and deposits			84			85			88			86			90
Investment performance			33			(15	)		(6	)		23			42
Surrenders and withdrawals			(21	)		(22	)		(27	)		(22	)		(26	)
Policy charges			(25	)		(25	)		(17	)		(16	)		(14	)
Other			(26	)		0			0			(46	)		(48	)
Balance, end of period		$	422		$	445		$	483		$	508		$	552

15

INSTITUTIONAL OPERATIONS
OTHER EXPENSES BY MAJOR CATEGORY

	For the Three Months Ended
		September 30,		December 31,		March 31,		June 30,		September 30,
Unaudited (In millions)		2006		2006		2007		2007		2007
OTHER EXPENSES BY MAJOR CATEGORY
Direct and allocated expenses		$	397	$	464	$	455	$	460	$	428
Pension and other post-retirement benefit costs			21		21		1		9		5
Premium tax and other tax, licenses and fees			50		52		48		52		44
Sub-total Insurance expenses			468		537		504		521		477
Commissions and other expenses			120		97		96		97		93
Total Other Expenses		$	588	$	634	$	600	$	618	$	570

16

INSTITUTIONAL OPERATIONS
SPREADS BY PRODUCT
Unaudited

	For the Three Months Ended
		September 30,			December 31,			March 31,			June 30,			September 30,
Group Life		2006			2006			2007			2007			2007
ANNUALIZED GENERAL ACCOUNT SPREADS BY SEGMENT (%)
Investment income yield			6.52	%		6.84	%		6.36	%		6.39	%		6.58	%
Average crediting rate			4.73	%		4.75	%		4.74	%		4.68	%		4.58	%
Spread			1.79	%		2.09	%		1.62	%		1.71	%		2.00	%

	For the Three Months Ended
		September 30,			December 31,			March 31,			June 30,			September 30,
Retirement & Savings		2006			2006			2007			2007			2007
ANNUALIZED GENERAL ACCOUNT SPREADS BY SEGMENT (%)
Investment income yield			6.79	%		7.28	%		6.90	%		7.29	%		6.71	%
Average crediting rate			5.54	%		5.52	%		5.54	%		5.55	%		5.52	%
Spread			1.25	%		1.76	%		1.36	%		1.74	%		1.19	%

	For the Three Months Ended
		September 30,			December 31,			March 31,			June 30,			September 30,
Non-Medical Health & Other		2006			2006			2007			2007			2007
ANNUALIZED GENERAL ACCOUNT SPREADS BY SEGMENT (%)
Investment income yield			7.09	%		8.43	%		7.84	%		8.35	%		6.53	%
Average crediting rate			5.01	%		4.98	%		4.90	%		4.87	%		4.85	%
Spread			2.08	%		3.45	%		2.94	%		3.48	%		1.68	%

17

INDIVIDUAL OPERATIONS

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — TOTAL

	For the Three Months Ended															For the Year-to-Date Period Ended
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	1,095		$	1,237		$	1,075		$	1,098		$	1,099		$	3,279		$	3,272
Universal life and investment-type product policy fees		779			836			853			890			880			2,371			2,623
Investment income, net		1,717			1,801			1,741			1,819			1,725			5,167			5,285
Other revenues		126			141			146			155			145			386			446
		3,717			4,015			3,815			3,962			3,849			11,203			11,626
EXPENSES
Policyholder benefits and dividends		1,692			1,881			1,747			1,758			1,760			5,192			5,265
Interest credited to policyholder account balances		528			513			507			495			506			1,522			1,508
Capitalization of deferred policy acquisition costs		(340	)		(372	)		(356	)		(414	)		(423	)		(1,125	)		(1,193	)
Amortization of deferred policy acquisition costs		287			263			380			332			329			878			1,041
Other expenses		987			1,097			1,052			1,107			1,124			3,011			3,283
		3,154			3,382			3,330			3,278			3,296			9,478			9,904
Operating earnings before provision (benefit) for income tax		563			633			485			684			553			1,725			1,722
Provision (benefit) for income tax		196			218			166			235			190			597			591
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	367		$	415		$	319		$	449		$	363		$	1,128		$	1,131
Net Income Reconciliation
Operating earnings available to common shareholders	$	367		$	415		$	319		$	449		$	363		$	1,128		$	1,131
Net investment gains (losses)		79			(134	)		6			(92	)		(33	)		(493	)		(119	)
Minority interest — net investment gains (losses)		0			0			0			0			0			0			0
Net investment gains (losses) tax benefit (provision)		(26	)		46			(3	)		32			11			177			40
Net investment gains (losses), net of income tax		53			(88	)		3			(60	)		(22	)		(316	)		(79	)
Adjustments related to universal life and investment-type product policy fees		3			3			0			(10	)		(4	)		(9	)		(14	)
Adjustments related to policyholder benefits and dividends		(46	)		(22	)		(38	)		(69	)		(52	)		(11	)		(159	)
Adjustments related to other expenses		15			55			27			44			36			178			107
Adjustments related to tax benefit (provision)		9			(12	)		4			13			6			(57	)		23
Adjustments related to net investment gains (losses), net of income tax (1)		(19	)		24			(7	)		(22	)		(14	)		101			(43	)
Discontinued operations, net of income tax		0			0			0			0			0			0			0
Net income available to common shareholders		401			351			315			367			327			913			1,009
Preferred stock dividends		0			0			0			0			0			0			0
Net income	$	401		$	351		$	315		$	367		$	327		$	913		$	1,009
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	2,000		$	2,214		$	2,074		$	2,143		$	2,124		$	6,036		$	6,341

(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.

18

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
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	1,009		$	1,142		$	990		$	1,011		$	1,013		$	2,996		$	3,014
Universal life and investment-type product policy fees		0			0			0			0			0			0			0
Investment income, net		816			845			812			827			822			2,441			2,461
Other revenues		1			5			(1	)		1			(1	)		0			(1	)
		1,826			1,992			1,801			1,839			1,834			5,437			5,474
EXPENSES
Policyholder benefits and dividends		1,467			1,610			1,456			1,495			1,494			4,374			4,445
Interest credited to policyholder account balances		0			0			0			0			0			0			0
Capitalization of deferred policy acquisition costs		(65	)		(59	)		(58	)		(62	)		(63	)		(173	)		(183	)
Amortization of deferred policy acquisition costs		44			(1	)		76			49			52			142			177
Other expenses		271			261			234			242			271			691			747
		1,717			1,811			1,708			1,724			1,754			5,034			5,186
Operating earnings before provision (benefit) for income tax		109			181			93			115			80			403			288
Provision (benefit) for income tax		36			61			31			38			26			135			95
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	73		$	120		$	62		$	77		$	54		$	268		$	193
Net investment gains (losses), net of income tax		(14	)		3			6			14			(51	)		(106	)		(31	)
Adjustments related to net investment gains (losses), net of income tax		(4	)		1			(12	)		(33	)		(7	)		55			(52	)
Discontinued operations, net of income tax		0			0			0			0			0			0			0
Net income available to common shareholders		55			124			56			58			(4	)		217			110
Preferred stock dividends		0			0			0			0			0			0			0
Net income	$	55		$	124		$	56		$	58			($4	)	$	217		$	110
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	1,010		$	1,147		$	989		$	1,012		$	1,012		$	2,996		$	3,013

19

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
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	0		$	0		$	0		$	0		$	0		$	0		$	0
Universal life and investment-type product policy fees		370			408			394			395			382			1,149			1,171
Investment income, net		199			211			209			233			206			599			648
Other revenues		1			0			1			0			1			(2	)		2
		570			619			604			628			589			1,746			1,821
EXPENSES
Policyholder benefits and dividends		82			112			132			112			127			367			371
Interest credited to policyholder account balances		151			149			150			153			155			437			458
Capitalization of deferred policy acquisition costs		(89	)		(103	)		(93	)		(102	)		(109	)		(301	)		(304	)
Amortization of deferred policy acquisition costs		97			132			118			100			94			311			312
Other expenses		184			231			216			233			227			606			676
		425			521			523			496			494			1,420			1,513
Operating earnings before provision (benefit) for income tax		145			98			81			132			95			326			308
Provision (benefit) for income tax		51			35			28			46			32			115			106
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	94		$	63		$	53		$	86		$	63		$	211		$	202
Net investment gains (losses), net of income tax		14			3			(7	)		(42	)		(11	)		(47	)		(60	)
Adjustments related to net investment gains (losses), net of income tax		(3	)		3			2			5			5			12			12
Discontinued operations, net of income tax		0			0			0			0			0			0			0
Net income available to common shareholders		105			69			48			49			57			176			154
Preferred stock dividends		0			0			0			0			0			0			0
Net income	$	105		$	69		$	48		$	49		$	57		$	176		$	154
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	371		$	408		$	395		$	395		$	383		$	1,147		$	1,173

20

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
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	78		$	105		$	85		$	87		$	86		$	261		$	258
Universal life and investment-type product policy fees		365			387			409			437			442			1,088			1,288
Investment income, net		658			697			677			714			648			2,002			2,039
Other revenues		31			40			42			42			44			96			128
		1,132			1,229			1,213			1,280			1,220			3,447			3,713
EXPENSES
Policyholder benefits and dividends		138			167			159			151			139			436			449
Interest credited to policyholder account balances		352			339			333			318			327			1,017			978
Capitalization of deferred policy acquisition costs		(186	)		(210	)		(205	)		(250	)		(251	)		(651	)		(706	)
Amortization of deferred policy acquisition costs		146			132			186			183			183			425			552
Other expenses		387			450			420			464			463			1,264			1,347
		837			878			893			866			861			2,491			2,620
Operating earnings before provision (benefit) for income tax		295			351			320			414			359			956			1,093
Provision (benefit) for income tax		103			121			110			144			124			332			378
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	192		$	230		$	210		$	270		$	235		$	624		$	715
Net investment gains (losses), net of income tax		56			(86	)		8			(33	)		49			(151	)		24
Adjustments related to net investment gains (losses), net of income tax		(12	)		20			3			6			(12	)		34			(3	)
Discontinued operations, net of income tax		0			0			0			0			0			0			0
Net income available to common shareholders		236			164			221			243			272			507			736
Preferred stock dividends		0			0			0			0			0			0			0
Net income	$	236		$	164		$	221		$	243		$	272		$	507		$	736
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	474		$	532		$	536		$	566		$	572		$	1,445		$	1,674

21

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
	September 30,			December 31,			March 31,			June 30,		September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007		2007			2006			2007
REVENUES
Premiums	$	8			($10	)	$	0		$	0	$	0		$	22		$	0
Universal life and investment-type product policy fees		44			41			50			58		56			134			164
Investment income, net		44			48			43			45		49			125			137
Other revenues		93			96			104			112		101			292			317
		189			175			197			215		206			573			618
EXPENSES
Policyholder benefits and dividends		5			(8	)		0			0		0			15			0
Interest credited to policyholder account balances		25			25			24			24		24			68			72
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		145			155			182			168		163			450			513
		175			172			206			192		187			533			585
Operating earnings before provision (benefit) for income tax		14			3			(9	)		23		19			40			33
Provision (benefit) for income tax		6			1			(3	)		7		8			15			12
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	8		$	2			($6	)	$	16	$	11		$	25		$	21
Net investment gains (losses), net of income tax		(3	)		(8	)		(4	)		1		(9	)		(12	)		(12	)
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		5			(6	)		(10	)		17		2			13			9
Preferred stock dividends		0			0			0			0		0			0			0
Net income	$	5			($6	)		($10	)	$	17	$	2		$	13		$	9
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	145		$	127		$	154		$	170	$	157		$	448		$	481

22

INDIVIDUAL OPERATIONS
PREMIUMS AND DEPOSITS BY PRODUCT

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Unaudited (In millions)	2006			2006			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	$	46		$	57		$	52		$	54		$	54
Variable Life 1st Year excluding Single Premium COLI/BOLI		48			55			48			44			50
Universal Life 1st Year excluding Single Premium COLI/BOLI		147			135			130			150			174
Single Premium COLI/BOLI		3			1			0			0			0
Total Life First Year Premiums & Deposits		244			248			230			248			278
Life Renewal Premiums and Deposits
Traditional Life		1,036			1,209			987			1,054			1,035
Variable & Universal Life		579			562			621			549			568
Total Life Renewal Premiums and Deposits		1,615			1,771			1,608			1,603			1,603
Annuities Deposits (3)
Fixed Annuity Deposits		594			514			352			326			320
Variable Annuity Deposits		3,013			3,267			3,330			4,160			4,078
Total Annuity Deposits		3,607			3,781			3,682			4,486			4,398
Total Premiums and Deposits	$	5,466		$	5,800		$	5,520		$	6,337		$	6,279
Separate Account and General Account
Separate Accounts
Variable & Universal Life	$	267		$	285		$	289		$	266		$	265
Variable Annuities		2,118			2,406			2,471			3,102			2,974
Total Separate Accounts		2,385			2,691			2,760			3,368			3,239
General Accounts
Traditional Life		1,082			1,266			1,039			1,108			1,089
Variable & Universal Life		510			468			510			477			527
Fixed Annuities		594			514			352			326			320
Variable Annuities		895			861			859			1,058			1,104
Total General Account		3,081			3,109			2,760			2,969			3,040
Total Premiums and Deposits	$	5,466		$	5,800		$	5,520		$	6,337		$	6,279
Percentage of Premiums and Deposits to Separate Accounts, Excluding Transfers from General Account
Variable & Universal Life		34.4	%		37.8	%		36.2	%		35.8	%		33.5	%
Annuities		58.7	%		63.6	%		67.1	%		69.1	%		67.6	%

(1)	Statutory premiums direct and assumed, excluding Company-sponsored internal exchanges.
(2)	Of the $278 million of First Year Life Premiums and Deposits received during the three months ended September 30, 2007, approximately 42% were distributed through MetLife agents, 16% through New England Financial agents, 40% through MetLife’s Independent Distribution channel and 2% through other distribution channels.
(3)	Of the $4,398 million of Annuity Deposits received during the three months ended September 30, 2007, approximately 22% were distributed through MetLife agents, 6% through New England Financial agents, 62% through MetLife’s Independent Distribution channel and 10% through MetLife Resources representatives.

23

INDIVIDUAL OPERATIONS
ADDITIONAL STATISTICAL INFORMATION

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Unaudited	2006			2006			2007			2007			2007
Mortality as a Percentage of Expected		82.4	%		78.7	%		87.6	%		90.9	%		85.0	%
Lapse / Surrender (General and Separate Account) (1)
Traditional Life		5.7	%		5.7	%		5.6	%		5.6	%		5.7	%
Variable & Universal Life		5.8	%		5.5	%		5.4	%		5.3	%		5.4	%
Variable Annuities		10.3	%		10.6	%		10.5	%		10.5	%		10.4	%
Fixed Annuities		10.4	%		11.5	%		12.7	%		13.5	%		14.6	%
Actual Number of Sales Representatives
MetLife Distribution		5,996			5,968			6,143			6,174			6,270
New England Financial		2,025			2,035			2,078			2,081			2,149
Independent Distribution Wholesalers		215			212			201			196			193
MetLife Resources		738			737			715			716			709
Walnut Street and Tower Square Securities		1,520			1,442			1,423			1,402			1,389
P&C Specialists		633			648			621			620			607
Total Agents		11,127			11,042			11,181			11,189			11,317

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

24

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
	September 30,			December 31,			March 31,			June 30,			September 30,
Traditional Life	2006			2006			2007			2007			2007
Balance, beginning of period	$	51,177		$	51,406		$	51,739		$	51,849		$	52,067
Premiums and deposits (1)		1,091			1,241			1,071			1,099			1,103
Interest on reserves		523			527			524			528			531
Surrenders and withdrawals		(432	)		(432	)		(483	)		(440	)		(477	)
Benefit payments		(488	)		(496	)		(504	)		(541	)		(530	)
Other		(465	)		(507	)		(498	)		(428	)		(488	)
Balance, end of period	$	51,406		$	51,739		$	51,849		$	52,067		$	52,206

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Variable & Universal Life	2006			2006			2007			2007			2007
Balance, beginning of period	$	15,268		$	15,334		$	15,436		$	15,590		$	15,590
Premiums and deposits (1) (2)		496			477			531			483			543
Interest on reserves		151			150			151			153			156
Surrenders and withdrawals		(175	)		(123	)		(122	)		(99	)		(190	)
Net transfers from (to) separate account		20			12			25			(152	)		22
Policy charges		(388	)		(385	)		(385	)		(388	)		(389	)
Benefit payments		(35	)		(33	)		(38	)		(32	)		(37	)
Other		(3	)		4			(8	)		35			(9	)
Balance, end of period	$	15,334		$	15,436		$	15,590		$	15,590		$	15,686

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Annuities	2006			2006			2007			2007			2007
Balance, beginning of period	$	44,775		$	44,518		$	43,388		$	42,587		$	41,835
Premiums and deposits (1) (2)		1,551			1,437			1,292			1,491			1,491
Interest on reserves		418			400			402			412			434
Surrenders and withdrawals		(1,417	)		(1,617	)		(1,469	)		(1,648	)		(1,549	)
Net transfers from (to) separate account		(495	)		(635	)		(626	)		(671	)		(718	)
Policy charges		(1	)		0			0			0			0
Benefit payments		(326	)		(346	)		(380	)		(311	)		(291	)
Other		13			(369	)		(20	)		(25	)		121
Balance, end of period	$	44,518		$	43,388		$	42,587		$	41,835		$	41,323

SEPARATE ACCOUNT LIABILITIES

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Variable & Universal Life	2006			2006			2007			2007			2007
Balance, beginning of period	$	9,593		$	9,796		$	10,278		$	10,383		$	11,018
Premiums and deposits (1)		296			309			289			279			275
Investment performance		219			501			193			563			151
Surrenders and withdrawals		(141	)		(155	)		(195	)		(204	)		(174	)
Net transfers from (to) fixed account		(20	)		(12	)		(25	)		152			(22	)
Policy charges		(154	)		(157	)		(160	)		(161	)		(158	)
Other		3			(4	)		3			6			(17	)
Balance, end of period	$	9,796		$	10,278		$	10,383		$	11,018		$	11,073

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Annuities	2006			2006			2007			2007			2007
Balance, beginning of period	$	75,587		$	78,570		$	83,847		$	85,700		$	90,888
Premiums and deposits (1)		2,213			2,531			2,640			3,355			3,285
Investment performance		2,584			4,771			1,295			4,246			1,411
Surrenders and withdrawals		(2,008	)		(2,341	)		(2,384	)		(2,716	)		(2,561	)
Net transfers from (to) fixed account		495			635			626			671			718
Policy charges		(301	)		(326	)		(325	)		(371	)		(376	)
Other		0			7			1			3			(24	)
Balance, end of period	$	78,570		$	83,847		$	85,700		$	90,888		$	93,341

(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.

25

INDIVIDUAL OPERATIONS
INSURANCE EXPENSES AND OTHER
EXPENSES BY MAJOR CATEGORY

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007
INSURANCE EXPENSES (NET OF CAPITALIZATION OF DAC)
Insurance Expenses	$	855		$	950		$	876		$	947		$	975
DAC Capitalization (1)		(353	)		(385	)		(369	)		(430	)		(435	)
Net	$	502		$	565		$	507		$	517		$	540
OTHER EXPENSES BY MAJOR CATEGORY
Commissions	$	282		$	305		$	308		$	345		$	345
Other deferrable expenses		132			146			135			156			154
Direct and allocated expenses, not deferred		371			427			391			399			431
Pension and other post-retirement benefit costs		35			41			10			16			14
Premium tax and other tax, licenses and fees		35			31			32			31			31
Subtotal Insurance Expenses		855			950			876			947			975
Broker-dealer and other expenses		147			159			185			176			163
Reinsurance allowances		(15	)		(12	)		(9	)		(16	)		(14	)
Total Other Expenses	$	987		$	1,097		$	1,052		$	1,107		$	1,124

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

26

INDIVIDUAL OPERATIONS
SPREADS BY PRODUCT
Unaudited

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Variable & Universal Life	2006			2006			2007			2007			2007
ANNUALIZED GENERAL ACCOUNT SPREADS BY PRODUCT (%)
Investment income yield		6.35	%		6.43	%		6.34	%		6.40	%		6.30	%
Average crediting rate		4.53	%		4.54	%		4.56	%		4.56	%		4.55	%
Spread		1.82	%		1.89	%		1.78	%		1.84	%		1.75	%

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Annuities	2006			2006			2007			2007			2007
ANNUALIZED GENERAL ACCOUNT SPREADS BY PRODUCT (%)
Investment income yield		6.27	%		6.51	%		6.39	%		6.91	%		6.50	%
Average crediting rate		3.67	%		3.75	%		3.82	%		3.85	%		3.80	%
Spread		2.60	%		2.76	%		2.57	%		3.06	%		2.70	%

27

AUTO & HOME OPERATIONS

STATEMENTS OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS — TOTAL

	For the Three Months Ended													For the Year-to-Date Period Ended
	September 30,			December 31,			March 31,			June 30,		September 30,		September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007		2007		2006			2007
REVENUES
Earned premiums	$	732		$	742		$	716		$	738	$	751	$	2,182		$	2,205
Investment income, net		46			44			48			49		43		133			140
Other revenues		3			4			11			8		10		18			29
		781			790			775			795		804		2,333			2,374
EXPENSES
Losses and loss adjustment expense		426			408			431			446		456		1,309			1,333
Other expenses		210			227			202			204		204		624			610
		636			635			633			650		660		1,933			1,943
Operating earnings before provision (benefit) for income tax		145			155			142			145		144		400			431
Provision (benefit) for income tax		38			40			36			37		35		101			108
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	107		$	115		$	106		$	108	$	109	$	299		$	323
Net Income Reconciliation
Operating earnings available to common shareholders	$	107		$	115		$	106		$	108	$	109	$	299		$	323
Net investment gains (losses)		(1	)		8			12			0		0		(4	)		12
Minority interest — net investment gains (losses)		0			0			0			0		0		0			0
Net investment gains (losses) tax benefit (provision)		0			(3	)		(5	)		1		0		1			(4	)
Net investment gains (losses), net of income tax		(1	)		5			7			1		0		(3	)		8
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		106			120			113			109		109		296			331
Preferred stock dividends		0			0			0			0		0		0			0
Net income	$	106		$	120		$	113		$	109	$	109	$	296		$	331
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	735		$	746		$	727		$	746	$	761	$	2,200		$	2,234

28

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
	September 30,			December 31,		March 31,		June 30,			September 30,		September 30,			September 30,
Unaudited (In millions)	2006			2006		2007		2007			2007		2006			2007
REVENUES
Earned premiums	$	519		$	525	$	502	$	520		$	527	$	1,552		$	1,549
Investment income, net		34			32		35		33			33		100			101
Other revenues		4			6		6		6			6		17			18
		557			563		543		559			566		1,669			1,668
EXPENSES
Losses and loss adjustment expense		295			282		308		338			327		950			973
Other expenses		141			149		135		137			139		423			411
		436			431		443		475			466		1,373			1,384
Operating earnings before provision (benefit) for income tax		121			132		100		84			100		296			284
Provision (benefit) for income tax		33			36		25		20			24		75			69
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	88		$	96	$	75	$	64		$	76	$	221		$	215
Net investment gains (losses), net of income tax		(1	)		3		6		(1	)		1		(2	)		6
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		87			99		81		63			77		219			221
Preferred stock dividends		0			0		0		0			0		0			0
Net income	$	87		$	99	$	81	$	63		$	77	$	219		$	221
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	523		$	531	$	508	$	526		$	533	$	1,569		$	1,567

29

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
	September 30,			December 31,			March 31,		June 30,		September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007		2007		2007			2006			2007
REVENUES
Earned premiums	$	213		$	217		$	214	$	218	$	224		$	630		$	656
Investment income, net		12			12			13		16		10			33			39
Other revenues		(1	)		(2	)		5		2		4			1			11
		224			227			232		236		238			664			706
EXPENSES
Losses and loss adjustment expense		131			126			123		108		129			359			360
Other expenses		69			78			67		67		65			201			199
		200			204			190		175		194			560			559
Operating earnings before provision (benefit) for income tax		24			23			42		61		44			104			147
Provision (benefit) for income tax		5			4			11		17		11			26			39
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	19		$	19		$	31	$	44	$	33		$	78		$	108
Net investment gains (losses), net of income tax		0			2			1		2		(1	)		(1	)		2
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		19			21			32		46		32			77			110
Preferred stock dividends		0			0			0		0		0			0			0
Net income	$	19		$	21		$	32	$	46	$	32		$	77		$	110
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	212		$	215		$	219	$	220	$	228		$	631		$	667

30

AUTO & HOME OPERATIONS
WRITTEN PREMIUMS BY PRODUCT AND SELECTED FINANCIAL INFORMATION
AND SUPPLEMENTAL DATA

		For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007
WRITTEN PREMIUMS BY PRODUCT
Preferred/Standard Automobile	$	531		$	503		$	498		$	515		$	531
Non-Standard Automobile		11			10			10			9			9
Homeowners & Other		239			213			193			236			247
Total	$	781		$	726		$	701		$	760		$	787
SELECTED FINANCIAL INFORMATION AND SUPPLEMENTAL DATA
Total Auto & Home
Loss and loss adjustment expense ratio		58.3	%		54.9	%		60.1	%		60.4	%		60.7	%
Other expense ratio		28.1	%		30.1	%		27.6	%		27.0	%		26.6	%
Total combined ratio (1)		86.4	%		85.0	%		87.7	%		87.4	%		87.3	%
Effect of catastrophe losses		5.2	%		6.1	%		1.4	%		3.1	%		2.6	%
Combined ratio excluding catastrophes		81.2	%		78.9	%		86.3	%		84.3	%		84.7	%
Auto
Loss and loss adjustment expense ratio		56.8	%		53.7	%		61.2	%		65.0	%		62.0	%
Other expense ratio		26.3	%		27.7	%		26.3	%		25.6	%		25.7	%
Total combined ratio (1)		83.1	%		81.4	%		87.5	%		90.6	%		87.7	%
Effect of catastrophe losses		0.8	%		0.6	%		0.0	%		0.4	%		0.2	%
Combined ratio excluding catastrophes		82.3	%		80.8	%		87.5	%		90.2	%		87.5	%
Homeowners & Other
Loss and loss adjustment expense ratio		61.1	%		57.6	%		57.5	%		49.5	%		57.6	%
Other expense ratio		32.9	%		36.0	%		30.8	%		30.3	%		28.6	%
Total combined ratio (1)		94.0	%		93.6	%		88.3	%		79.8	%		86.2	%
Effect of catastrophe losses		16.0	%		19.2	%		4.6	%		9.7	%		8.0	%
Combined ratio excluding catastrophes		78.0	%		74.4	%		83.7	%		70.1	%		78.2	%
Pre-Tax Catastrophe Losses
Auto	$	4		$	3			($0	)	$	2		$	1
Homeowners & Other		34			42			10			21			18
Total	$	38		$	45		$	10		$	23		$	19
Catastrophe points on combined ratios		5.2			6.1			1.4			3.1			2.6
Actual Number of Sales Representatives		93			100			99			94			86

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

31

INTERNATIONAL OPERATIONS

STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

		For the Three Months Ended														For the Year-to-Date Period Ended
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	675		$	740		$	715		$	777		$	780		$	1,982		$	2,272
Universal life and investment-type product policy fees		205			221			236			241			238			583			715
Investment income, net		265			259			250			271			370			691			891
Other revenues		8			12			13			3			5			16			21
		1,153			1,232			1,214			1,292			1,393			3,272			3,899
EXPENSES
Policyholder benefits and dividends		581			644			578			661			708			1,708			1,947
Interest credited to policyholder account balances		75			77			78			81			110			212			269
Capitalization of deferred policy acquisition costs		(146	)		(138	)		(146	)		(132	)		(208	)		(442	)		(486	)
Amortization of deferred policy acquisition costs		92			107			97			81			38			255			216
Other expenses		435			511			436			440			544			1,236			1,420
		1,037			1,201			1,043			1,131			1,192			2,969			3,366
Operating earnings before provision (benefit) for income tax		116			31			171			161			201			303			533
Provision (benefit) for income tax		44			15			47			44			67			91			158
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS	$	72		$	16		$	124		$	117		$	134		$	212		$	375
Net Income Reconciliation
Operating earnings available to common shareholders	$	72		$	16		$	124		$	117		$	134		$	212		$	375
Net investment gains (losses)		(15	)		(6	)		24			20			19			(4	)		63
Minority interest — net investment gains (losses)		0			0			0			0			0			0			0
Net investment gains (losses) tax benefit (provision)		4			(2	)		(6	)		(9	)		(5	)		(7	)		(20	)
Net investment gains (losses), net of income tax		(11	)		(8	)		18			11			14			(11	)		43
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		(73	)		(55	)		(15	)		22			17			(2	)		24
Adjustments related to other expenses		0			0			0			0			0			0			0
Adjustments related to tax benefit (provision)		25			20			4			(7	)		(6	)		0			(9	)
Adjustments related to net investment gains (losses), net of income tax (1)		(48	)		(35	)		(11	)		15			11			(2	)		15
Discontinued operations, net of income tax		(2	)		11			(31	)		(16	)		44			17			(3	)
Net income available to common shareholders		11			(16	)		100			127			203			216			430
Preferred stock dividends		0			0			0			0			0			0			0
Net income	$	11			($16	)	$	100		$	127		$	203		$	216		$	430
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	888		$	973		$	964		$	1,021		$	1,023		$	2,581		$	3,008
Actual Number of Professional Sales Representatives		3,946			3,562			3,471			3,462			3,786

(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.

32

REINSURANCE OPERATIONS

STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended															For the Year-to-Date Period Ended
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	1,076		$	1,201		$	1,126		$	1,208		$	1,228		$	3,147		$	3,562
Investment income, net		171			231			206			266			181			501			653
Other revenues		19			19			18			19			23			47			60
		1,266			1,451			1,350			1,493			1,432			3,695			4,275
EXPENSES
EXPENSES Claims and other policy benefits		849			957			902			979			1,006			2,533			2,887
Interest credited to policyholder account balances		46			97			65			117			35			157			217
Policy acquisition costs and other insurance expenses		185			203			177			181			179			517			537
Other expenses		84			88			90			94			80			207			264
		1,164			1,345			1,234			1,371			1,300			3,414			3,905
Operating earnings before provision (benefit) for income tax and minority interest		102			106			116			122			132			281			370
Provision (benefit) for income tax		17			17			20			21			23			45			64
Operating earnings available to common shareholders before minority interest		85			89			96			101			109			236			306
Elimination of minority interest, before income tax		56			56			60			63			66			154			189
CONTRIBUTION TO METLIFE	$	29		$	33		$	36		$	38		$	43		$	82		$	117
Net Income Reconciliation
Operating earnings available to common shareholders	$	29		$	33		$	36		$	38		$	43		$	82		$	117
Net investment gains (losses)		3			11			(6	)		(14	)		(61	)		(4	)		(81	)
Minority interest — net investment gains (losses)		0			(2	)		4			4			10			2			18
Net investment gains (losses) tax benefit (provision)		(2	)		(3	)		0			4			18			0			22
Net investment gains (losses), net of income tax		1			6			(2	)		(6	)		(33	)		(2	)		(41	)
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		(1	)		(6	)		(2	)		5			41			4			44
Adjustments related to tax benefit (provision)		1			2			2			(3	)		(14	)		(1	)		(15	)
Adjustments related to net investment gains (losses), net of income tax (1)		0			(4	)		0			2			27			3			29
Discontinued operations, net of income tax		0			0			0			0			0			0			0
Net income available to common shareholders		30			35			34			34			37			83			105
Preferred stock dividends		0			0			0			0			0			0			0
Net income	$	30		$	35		$	34		$	34		$	37		$	83		$	105
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	1,095		$	1,220		$	1,144		$	1,227		$	1,251		$	3,194		$	3,622

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

33

REINSURANCE OPERATIONS
PRE-TAX AND PRE-MINORITY INTEREST OPERATING
EARNINGS BY REGION AND RESERVES BY REGION

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007
PRE-TAX AND PRE-MINORITY INTEREST OPERATING EARNINGS BY REGION
United States	$	75		$	72		$	84		$	85		$	83
Canada		12			11			12			23			21
Asia-Pacific		19			24			11			16			18
Other international markets		9			17			21			12			13
Corporate		(13	)		(18	)		(12	)		(14	)		(3	)
Total pre-tax and pre-minority interest operating earnings	$	102		$	106		$	116		$	122		$	132
POLICY BENEFITS AND INTEREST SENSITIVE CONTRACT LIABILITIES BY REGION
Traditional U.S.	$	4,328		$	4,571		$	4,627		$	4,762		$	4,882
Asset intensive		5,022			5,265			5,359			5,485			5,588
Other		68			71			35			67			42
Total U.S.		9,418			9,907			10,021			10,314			10,512
Canada		1,781			1,737			1,783			1,944			2,169
Asia-Pacific		780			874			937			1,005			1,136
Other international markets		786			814			905			890			926
Total International		3,347			3,425			3,625			3,839			4,231
Total policy benefits and interest sensitive contract liabilities	$	12,765		$	13,332		$	13,646		$	14,153		$	14,743

34

CORPORATE, OTHER & ELIMINATIONS

STATEMENT OF OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS

	For the Three Months Ended															For the Year-to-Date Period Ended
	September 30,			December 31,			March 31,			June 30,			September 30,			September 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007			2006			2007
REVENUES
Premiums	$	7		$	9		$	8		$	8		$	6		$	26		$	22
Universal life and investment-type product policy fees		0			0			0			0			0			0			0
Investment income, net		219			320			370			357			378			823			1,105
Other revenues		12			9			6			49			1			25			56
		238			338			384			414			385			874			1,183
EXPENSES
Policyholder benefits and dividends		13			4			11			11			11			33			33
Interest credited to policyholder account balances		0			0			0			0			0			0			0
Interest credited to bank deposits		51			52			51			49			50			142			150
Interest expense		200			187			189			194			244			558			627
Other expenses		70			136			93			70			47			274			210
		334			379			344			324			352			1,007			1,020
Operating earnings before provision (benefit) for income tax		(96	)		(41	)		40			90			33			(133	)		163
Provision (benefit) for income tax		(123	)		(109	)		(39	)		(22	)		(46	)		(221	)		(107	)
Operating earnings		27			68			79			112			79			88			270
Preferred stock dividends		34			34			34			34			34			100			102
OPERATING EARNINGS AVAILABLE TO COMMON SHAREHOLDERS		($7	)	$	34		$	45		$	78		$	45			($12	)	$	168
Net Income Reconciliation
Operating earnings available to common shareholders		($7	)	$	34		$	45		$	78		$	45			($12	)	$	168
Net investment gains (losses)		(40	)		4,698			6			38			7			(153	)		51
Minority interest — net investment gains (losses)		0			0			0			0			0			0			0
Net investment gains (losses) tax benefit (provision)		12			(1,654	)		(2	)		(9	)		(5	)		49			(16	)
Net investment gains (losses), net of income tax		(28	)		3,044			4			29			2			(104	)		35
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			2			16			23			(10	)		30			29
Net income available to common shareholders		(35	)		3,080			65			130			37			(86	)		232
Preferred stock dividends		34			34			34			34			34			100			102
Net income		($1	)	$	3,114		$	99		$	164		$	71		$	14		$	334
Premiums, Fees and Other Revenues
Total Premiums, Fees and Other Revenues	$	19		$	18		$	14		$	57		$	7		$	51		$	78

35

METLIFE, INC.

INVESTMENT RESULTS
BY ASSET CATEGORY AND
ANNUALIZED YIELDS

	For the Three Months Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007
FIXED MATURITY SECURITIES
Yield (1)		6.17	%		6.23	%		6.15	%		6.23	%		6.45	%
Investment income (2)	$	2,990		$	3,052		$	3,065		$	3,163		$	3,321
Investment gains (losses)		($126	)		($198	)		($92	)		($236	)		($224	)
Ending Carrying Value (2)	$	241,656		$	242,687		$	248,693		$	251,963		$	253,196
MORTGAGE AND CONSUMER LOANS
Yield (1)		6.53	%		6.78	%		6.36	%		6.46	%		6.82	%
Investment income (3)	$	602		$	650		$	632		$	654		$	705
Investment gains (losses)		($8	)		($7	)	$	0		$	13		$	21
Ending Carrying Value	$	40,141		$	42,239		$	43,936		$	43,755		$	44,849
REAL ESTATE AND REAL ESTATE JOINT VENTURES (4)
Yield (1)		8.73	%		13.27	%		11.60	%		11.54	%		8.56	%
Investment income	$	103		$	165		$	151		$	164		$	132
Investment gains (losses)	$	118		$	4,709		$	7		$	37		$	2
Ending Carrying Value	$	4,931		$	4,986		$	5,427		$	5,933		$	6,360
POLICY LOANS
Yield (1)		6.10	%		6.13	%		6.16	%		6.20	%		6.27	%
Investment income	$	154		$	156		$	157		$	158		$	161
Ending Carrying Value	$	10,115		$	10,228		$	10,177		$	10,251		$	10,321
EQUITY SECURITIES AND OTHER LIMITED PARTNERSHIP INTERESTS
Yield (1)		10.41	%		18.86	%		15.25	%		20.85	%		10.49	%
Investment income	$	198		$	356		$	345		$	512		$	274
Investment gains (losses)		($7	)	$	40		$	64		$	28		$	39
Ending Carrying Value	$	7,863		$	9,875		$	10,082		$	11,157		$	11,621
CASH AND SHORT-TERM INVESTMENTS
Yield (1)		5.42	%		6.89	%		6.16	%		4.67	%		4.36	%
Investment income	$	120		$	157		$	123		$	99		$	100
Investment gains (losses)	$	1			($1	)	$	0		$	0		$	3
Ending Carrying Value	$	11,763		$	9,816		$	9,028		$	9,267		$	10,354
OTHER INVESTED ASSETS (5)
Yield (1)		10.02	%		11.28	%		8.99	%		11.13	%		7.45	%
Investment income	$	222		$	260		$	212		$	257		$	183
Investment gains (losses)	$	278			($219	)		($74	)		($151	)		($180	)
Ending Carrying Value	$	9,194		$	10,428		$	9,713		$	10,302		$	11,258
TOTAL INVESTMENTS
Gross investment income yield (1)		6.48	%		6.95	%		6.67	%		6.98	%		6.65	%
Investment fees and expenses yield		(0.16	%)		(0.18	%)		(0.15	%)		(0.15	%)		(0.15	%)
NET INVESTMENT INCOME YIELD		6.32	%		6.77	%		6.52	%		6.83	%		6.50	%
Gross investment income	$	4,389		$	4,796		$	4,685		$	5,007		$	4,876
Investment fees and expenses		(106	)		(121	)		(103	)		(105	)		(111	)
NET INVESTMENT INCOME	$	4,283		$	4,675		$	4,582		$	4,902		$	4,765
Ending Carrying Value	$	325,663		$	330,259		$	337,056		$	342,628		$	347,959
Gross investment gains	$	299		$	4,983		$	308		$	315		$	342
Gross investment losses		(311	)		(499	)		(289	)		(494	)		(538	)
Writedowns		(25	)		(44	)		(3	)		(22	)		(50	)
Subtotal		(37	)		4,440			16			(201	)		(246	)
Derivative & other instruments not qualifying for hedge accounting		293			(116	)		(111	)		(108	)		(93	)
INVESTMENT GAINS (LOSSES)		256			4,324			(95	)		(309	)		(339	)
Minority interest — net investment gains (losses)		0			(2	)		4			4			10
Investment gains (losses) tax benefit (provision)		(92	)		(1,531	)		33			112			114
INVESTMENT GAINS (LOSSES), NET OF INCOME TAX	$	164		$	2,791			($58	)		($193	)		($215	)

(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 $780 million, $759 million, $777 million, $919 million and $824 million in ending carrying value, and $14 million, $41 million, $15 million, $16 million and $21 million of investment income (loss) related to trading securities at or for the three months ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 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, $18 million, $3 million, $0 million and $0 million, related to discontinued operations for the three months ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 2007, respectively. Included in investment gains (losses) from real estate and real estate joint ventures is $99 million, $4,704 million, $5 million, $0 million and $0 million, related to discontinued operations for the three months ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 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 $96 million, $87 million, $58 million, $65 million and $64 million, for the three months ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 2007, respectively. These amounts are excluded from investment gains (losses). Additionally, excluded from investment gains (losses) is $3 million, $5 million, $4 million, $5 million and $6 million for the three months ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 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.

36

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

	For the Year-to-Date Ended
	September 30,			December 31,			March 31,			June 30,			September 30,
Unaudited (In millions)	2006			2006			2007			2007			2007
FIXED MATURITY SECURITIES
Yield (1)		6.14	%		6.16	%		6.15	%		6.19	%		6.28	%
Investment income (2)	$	8,925		$	11,977		$	3,065		$	6,228		$	9,549
Investment gains (losses)		($922	)		($1,120	)		($92	)		($328	)		($552	)
Ending Carrying Value (2)	$	241,656		$	242,687		$	248,693		$	251,963		$	253,196
MORTGAGE AND CONSUMER LOANS
Yield (1)		6.54	%		6.60	%		6.36	%		6.41	%		6.55	%
Investment income (3)	$	1,761		$	2,411		$	632		$	1,286		$	1,991
Investment gains (losses)		($1	)		($8	)	$	0		$	13		$	34
Ending Carrying Value	$	40,141		$	42,239		$	43,936		$	43,755		$	44,849
REAL ESTATE AND REAL ESTATE JOINT VENTURES (4)
Yield (1)		10.86	%		11.55	%		11.60	%		11.57	%		10.48	%
Investment income	$	384		$	549		$	151		$	315		$	447
Investment gains (losses)	$	189		$	4,898		$	7		$	44		$	46
Ending Carrying Value	$	4,931		$	4,986		$	5,427		$	5,933		$	6,360
POLICY LOANS
Yield (1)		5.94	%		5.99	%		6.16	%		6.18	%		6.21	%
Investment income	$	447		$	603		$	157		$	315		$	476
Ending Carrying Value	$	10,115		$	10,228		$	10,177		$	10,251		$	10,321
EQUITY SECURITIES AND OTHER LIMITED PARTNERSHIP INTERESTS
Yield (1)		12.68	%		14.90	%		15.25	%		18.17	%		15.43	%
Investment income	$	711		$	1,067		$	345		$	857		$	1,131
Investment gains (losses)	$	45		$	85		$	64		$	92		$	131
Ending Carrying Value	$	7,863		$	9,875		$	10,082		$	11,157		$	11,621
CASH AND SHORT-TERM INVESTMENTS
Yield (1)		4.96	%		5.51	%		6.16	%		5.40	%		5.02	%
Investment income	$	285		$	442		$	123		$	222		$	322
Investment gains (losses)		($1	)		($2	)	$	0		$	0		$	3
Ending Carrying Value	$	11,763		$	9,816		$	9,028		$	9,267		$	10,354
OTHER INVESTED ASSETS (5)
Yield (1)		8.98	%		9.60	%		8.99	%		10.05	%		9.15	%
Investment income	$	561		$	821		$	212		$	469		$	652
Investment gains (losses)		($517	)		($736	)		($74	)		($225	)		($405	)
Ending Carrying Value	$	9,194		$	10,428		$	9,713		$	10,302		$	11,258
TOTAL INVESTMENTS
Gross investment income yield (1)		6.50	%		6.62	%		6.67	%		6.83	%		6.77	%
Investment fees and expenses yield		(0.14	%)		(0.15	%)		(0.15	%)		(0.15	%)		(0.15	%)
NET INVESTMENT INCOME YIELD		6.36	%		6.47	%		6.52	%		6.68	%		6.62	%
Gross investment income	$	13,074		$	17,870		$	4,685		$	9,692		$	14,568
Investment fees and expenses		(283	)		(404	)		(103	)		(208	)		(319	)
NET INVESTMENT INCOME	$	12,791		$	17,466		$	4,582		$	9,484		$	14,249
Ending Carrying Value	$	325,663		$	330,259		$	337,056		$	342,628		$	347,959
Gross investment gains	$	771		$	5,754		$	308		$	623		$	965
Gross investment losses		(1,537	)		(2,036	)		(289	)		(783	)		(1,321	)
Writedowns		(92	)		(136	)		(3	)		(25	)		(75	)
Subtotal		(858	)		3,582			16			(185	)		(431	)
Derivative & other instruments not qualifying for hedge accounting		(349	)		(465	)		(111	)		(219	)		(312	)
INVESTMENT GAINS (LOSSES)		(1,207	)		3,117			(95	)		(404	)		(743	)
Minority interest — net investment gains (losses)		2			0			4			8			18
Investment gains (losses) tax benefit (provision)		417			(1,114	)		33			145			259
INVESTMENT GAINS (LOSSES), NET OF INCOME TAX		($788	)	$	2,003			($58	)		($251	)		($466	)

(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 $780 million, $759 million, $777 million, $919 million and $824 million in ending carrying value, and $30 million, $71 million, $15 million, $31 million and $52 million of investment income (loss) related to trading securities at or for the year-to-date ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 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 $66 million, $84 million, $3 million, $3 million and $3 million related to discontinued operations for year-to-date ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 2007, respectively. Included in investment gains (losses) from real estate and real estate joint ventures is $91 million, $4,795 million, $5 million, $5 million and $5 million related to discontinued operations for year-to-date ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 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 $203 million, $290 million, $58 million, $123 million and $187 million for the year-to-date ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 2007, respectively. These amounts are excluded from investment gains (losses). Additionally, excluded from investment gains (losses) is $2 million, $7 million, $4 million, $9 million and $15 million for the year-to-date ended September 30, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 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.

37

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

	September 30, 2006					December 31, 2006					March 31, 2007					June 30, 2007					September 30, 2007
Unaudited (In millions)	Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total
Less than 20%	$	2,463		98.3	%	$	2,265		99.2	%	$	1,920		98.4	%	$	4,598		99.0	%	$	3,949		97.1	%
20% or more for less than six months		6		0.2	%		7		0.3	%		26		1.3	%		22		0.5	%		100		2.4	%
20% or more for six months or greater		38		1.5	%		11		0.5	%		6		0.3	%		24		0.5	%		20		0.5	%
Total Gross Unrealized Losses	$	2,507		100.0	%	$	2,283		100.0	%	$	1,952		100.0	%	$	4,644		100.0	%	$	4,069		100.0	%
Total Gross Unrealized Gains	$	7,341				$	7,443				$	7,535				$	5,710				$	6,499

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

	September 30, 2006					December 31, 2006					March 31, 2007					June 30, 2007					September 30, 2007
Unaudited (In millions)	Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total
Less than 20%	$	26		60.5	%	$	39		86.7	%	$	40		81.6	%	$	72		92.3	%	$	202		89.8	%
20% or more for less than six months		17		39.5	%		5		11.1	%		9		18.4	%		6		7.7	%		23		10.2	%
20% or more for six months or greater		0		0.0	%		1		2.2	%		0		0.0	%		0		0.0	%		0		0.0	%
Total Gross Unrealized Losses	$	43		100.0	%	$	45		100.0	%	$	49		100.0	%	$	78		100.0	%	$	225		100.0	%
Total Gross Unrealized Gains	$	404				$	590				$	541				$	629				$	664

(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.

38

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

		September 30, 2006					December 31, 2006					March 31, 2007					June 30, 2007					September 30, 2007
Unaudited (In millions)		Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total
U.S. corporate securities		$	76,222		31.7	%	$	75,074		31.0	%	$	76,912		31.0	%	$	77,192		30.8	%	$	80,357		31.8	%
Residential mortgage-backed securities			53,761		22.3	%		51,666		21.4	%		56,420		22.8	%		59,219		23.6	%		59,466		23.6	%
Foreign corporate securities			36,116		15.0	%		34,946		14.4	%		37,258		15.0	%		37,615		15.0	%		39,355		15.6	%
U.S. Treasury/agency securities			26,578		11.0	%		30,633		12.7	%		27,569		11.1	%		27,437		10.9	%		22,051		8.7	%
Commercial mortgage-backed securities			17,377		7.2	%		16,522		6.8	%		17,875		7.2	%		19,192		7.6	%		19,907		7.9	%
Asset-backed securities			13,000		5.4	%		13,873		5.7	%		13,526		5.5	%		11,815		4.7	%		11,902		4.7	%
Foreign government securities			12,382		5.1	%		12,599		5.2	%		13,094		5.3	%		13,773		5.5	%		14,352		5.7	%
State and political subdivision securities			5,094		2.1	%		6,300		2.6	%		4,816		1.9	%		4,467		1.8	%		4,647		1.9	%
Other fixed maturity securities			346		0.2	%		315		0.2	%		446		0.2	%		334		0.1	%		335		0.1	%
Total Fixed Maturity Securities		$	240,876		100.0	%	$	241,928		100.0	%	$	247,916		100.0	%	$	251,044		100.0	%	$	252,372		100.0	%
NAIC RATING (1)	RATING AGENCY EQUIVALENT DESIGNATION
1	Aaa / Aa / A	$	175,913		73.0	%	$	177,969		73.6	%	$	181,569		73.3	%	$	184,269		73.4	%	$	181,413		71.9	%
2	Baa		48,679		20.2	%		46,881		19.4	%		48,866		19.7	%		48,879		19.4	%		52,063		20.6	%
3	Ba		9,397		3.9	%		9,738		4.0	%		9,990		4.0	%		10,482		4.2	%		11,259		4.5	%
4	B		6,638		2.8	%		7,030		2.9	%		7,046		2.8	%		6,965		2.8	%		7,160		2.8	%
5	Caa and lower		229		0.1	%		294		0.1	%		428		0.2	%		432		0.2	%		413		0.2	%
6	In or near default		20		0.0	%		16		0.0	%		17		0.0	%		17		0.0	%		64		0.0	%
Total Fixed Maturity Securities		$	240,876		100.0	%	$	241,928		100.0	%	$	247,916		100.0	%	$	251,044		100.0	%	$	252,372		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

	September 30, 2006					December 31, 2006					March 31, 2007					June 30, 2007					September 30, 2007
Unaudited (In millions)	Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total			Amount		% of Total
Pacific	$	7,908		25.7	%	$	7,663		24.0	%	$	7,464		22.3	%	$	7,377		22.4	%	$	7,526		22.3	%
South Atlantic		7,029		22.8	%		6,881		21.6	%		7,922		23.7	%		7,286		22.1	%		7,533		22.3	%
Middle Atlantic		4,251		13.8	%		4,858		15.3	%		5,026		15.1	%		5,170		15.7	%		5,166		15.3	%
East North Central		2,972		9.6	%		2,879		9.0	%		3,057		9.2	%		3,353		10.2	%		3,129		9.3	%
West South Central		2,568		8.3	%		2,631		8.3	%		2,483		7.4	%		2,547		7.7	%		2,803		8.3	%
New England		1,125		3.6	%		1,301		4.1	%		1,421		4.3	%		1,356		4.1	%		1,247		3.7	%
International		2,449		7.9	%		2,832		8.9	%		3,096		9.3	%		3,311		10.0	%		3,873		11.5	%
Mountain		912		3.0	%		859		2.7	%		830		2.5	%		768		2.3	%		1,093		3.2	%
West North Central		831		2.7	%		799		2.5	%		777		2.3	%		776		2.4	%		766		2.3	%
East South Central		489		1.6	%		452		1.4	%		495		1.5	%		504		1.5	%		503		1.5	%
Other		314		1.0	%		692		2.2	%		792		2.4	%		511		1.6	%		92		0.3	%
Total	$	30,848		100.0	%	$	31,847		100.0	%	$	33,363		100.0	%	$	32,959		100.0	%	$	33,731		100.0	%
Office	$	14,756		47.8	%	$	15,083		47.4	%	$	14,726		44.1	%	$	14,611		44.3	%	$	14,848		44.0	%
Retail		6,617		21.5	%		6,552		20.6	%		7,143		21.4	%		6,941		21.1	%		7,358		21.8	%
Apartments		3,580		11.6	%		3,772		11.8	%		3,950		11.8	%		3,998		12.1	%		3,954		11.7	%
Industrial		2,962		9.6	%		2,850		8.9	%		2,824		8.5	%		2,902		8.8	%		2,922		8.7	%
Hotel		1,799		5.8	%		2,120		6.7	%		2,452		7.4	%		2,536		7.7	%		3,014		8.9	%
Other		1,134		3.7	%		1,470		4.6	%		2,268		6.8	%		1,971		6.0	%		1,635		4.9	%
Total	$	30,848		100.0	%	$	31,847		100.0	%	$	33,363		100.0	%	$	32,959		100.0	%	$	33,731		100.0	%

39

METLIFE, INC.
SUMMARY OF REAL ESTATE

	September 30,		December 31,		March 31,		June 30,		September 30,
Unaudited (In millions)	2006		2006		2007		2007		2007
Wholly-owned	$	3,691	$	3,506	$	3,815	$	3,925	$	3,950
Joint ventures		1,231		1,477		1,609		2,006		2,407
Subtotal		4,922		4,983		5,424		5,931		6,357
Foreclosed		9		3		3		2		3
Total Real Estate (1)	$	4,931	$	4,986	$	5,427	$	5,933	$	6,360

SUMMARY OF MORTGAGES AND CONSUMER LOANS

	September 30,		December 31,		March 31,		June 30,		September 30,
Unaudited (In millions)	2006		2006		2007		2007		2007
Commercial mortgages	$	30,848	$	31,847	$	33,363	$	32,959	$	33,731
Agricultural mortgages		8,056		9,213		9,457		9,731		10,066
Consumer loans		1,237		1,179		1,116		1,065		1,052
Total	$	40,141	$	42,239	$	43,936	$	43,755	$	44,849

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

40

Company Ratings as of October 30, 2007

	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
MetLife Life and Annuity Company of Connecticut	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
GenAmerica Capital I
Preferred Stock	A3	BBB+	NR		A-
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 Funding, Inc.
Commercial Paper	P-1	A-1+	AMB-1+		F1+
Metropolitan Life Global Funding I
Senior Secured Debt	Aa2	AA	aa	NR
Metropolitan Life Insurance Company
Surplus Notes	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+		A-
RGA Capital Trust II
Preferred Stock	Baa2	BBB	bbb+		A-

NR      Not Rated

41