Exhibit 12.1

MetLife, Inc.

Ratio of Earnings to Fixed Charges

	Three Months Ended March 31,				Years Ended December 31,
	2018		2017		2017		2016		2015		2014		2013
	(In millions, except ratios)
Income (loss) from continuing operations before provision for income tax	$	1,656	$	1,072	$	3,536	$	4,281	$	5,651	$	6,883	$	3,686
Less: Undistributed income (loss) from equity investees		238		160		444		164		299		418		337
Adjusted earnings before fixed charges	$	1,418	$	912	$	3,092	$	4,117	$	5,352	$	6,465	$	3,349
Add: Fixed charges
Interest and debt issue costs		308		304		1,185		1,188		1,544		1,189		1,194
Estimated interest component of rent expense		7		7		15		24		25		28		33
Interest credited to bank deposits		—		—		—		—		—		—		2
Interest credited to policyholder account balances		769		1,451		5,607		5,176		4,415		5,726		6,881
Total fixed charges	$	1,084	$	1,762	$	6,807	$	6,388	$	5,984	$	6,943	$	8,110
Preferred stock dividends (1)		9		7		107		123		219		170		150
Total fixed charges and preferred stock dividends	$	1,093	$	1,769	$	6,914	$	6,511	$	6,203	$	7,113	$	8,260
Total earnings and fixed charges	$	2,502	$	2,674	$	9,899	$	10,505	$	11,336	$	13,408	$	11,459
Ratio of earnings to fixed charges		2.31		1.52		1.45		1.64		1.89		1.93		1.41
Total earnings, including fixed charges and preferred stock dividends	$	2,511	$	2,681	$	10,006	$	10,628	$	11,555	$	13,578	$	11,609
Ratio of earnings to fixed charges and preferred stock dividends		2.30		1.52		1.45		1.63		1.86		1.91		1.41

(1) 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.