Exhibit 12.1

MetLife, Inc.

Ratio of Earnings to Fixed Charges

	Nine Months Ended September 30,				Years Ended December 31,
	2016		2015		2015		2014		2013		2012		2011
	(In millions, except ratios)
Income (loss) from continuing operations before provision for income tax	$	3,370	$	6,335	$	7,470	$	8,804	$	4,052	$	1,442	$	9,184
Less: Undistributed income (loss) from equity investees		187		499		620		669		587		377		180
Adjusted earnings before fixed charges	$	3,183	$	5,836	$	6,850	$	8,135	$	3,465	$	1,065	$	9,004
Add: Fixed charges
Interest and debt issue costs (1)		937		1,269		1,585		1,257		1,352		1,389		1,666
Estimated interest component of rent expense		18		18		25		28		32		28		34
Interest credited to bank deposits		—		—		—		—		2		78		95
Interest credited to policyholder account balances		4,646		3,940		5,610		6,943		8,179		7,729		5,603
Total fixed charges	$	5,601	$	5,227	$	7,220	$	8,228	$	9,565	$	9,224	$	7,398
Preferred stock dividends (2)		67		154		221		169		146		134		385
Total fixed charges and preferred stock dividends	$	5,668	$	5,381	$	7,441	$	8,397	$	9,711	$	9,358	$	7,783
Total earnings and fixed charges	$	8,784	$	11,063	$	14,070	$	16,363	$	13,030	$	10,289	$	16,402
Ratio of earnings to fixed charges		1.57		2.12		1.95		1.99		1.36		1.12		2.22
Total earnings, including fixed charges and preferred stock dividends	$	8,851	$	11,217	$	14,291	$	16,532	$	13,176	$	10,423	$	16,787
Ratio of earnings to fixed charges and preferred stock dividends		1.56		2.08		1.92		1.97		1.36		1.11		2.16

(1) Interest costs include $5 million and $10 million related to variable interest entities for the nine months ended September 30, 2016 and 2015, respectively. Excluding these costs would have no effect on both the ratio of earnings to fixed charges and the ratio of earnings to fixed charges and preferred stock dividends for the nine months ended September 30, 2016, and not have a significant effect for the nine months ended September 30, 2015. Interest costs include $8 million, $38 million, $122 million, $163 million and $324 million related to variable interest entities for the years ended December 2015, 2014, 2013, 2012 and 2011, respectively. Excluding these costs would have no effect on both the ratio of earnings to fixed charges and the ratio of earnings to fixed charges and preferred stock dividends for each of the years ended December 31, 2015 and 2014, and would not have a significant effect on such ratios for each of the years ended December 31, 2013, 2012 and 2011.

(2) For the year ended December 31, 2015, preferred stock dividends includes the repurchase premium of $59 million associated with the repurchased and canceled 6.50% non-cumulative Series B preferred stock. For the year ended December 31, 2011, preferred stock dividends includes the repurchase premium of $211 million associated with the convertible preferred stock repurchased and canceled in March 2011.