As Filed with the Securities and Exchange Commission on April 23, 2020

REGISTRATION NOS. 333-160722 and 811-04001

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.	□
Post-Effective Amendment No. 11	☒
And/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 278	☒
(Check Appropriate Box or Boxes)

METROPOLITAN LIFE SEPARATE ACCOUNT E

(Exact Name of Registrant)

METROPOLITAN LIFE INSURANCE COMPANY

(Name of Depositor)

200 Park Avenue, New York, New York 10166

(Address of Depositor's Principal Executive Offices)

Depositor's Telephone Number, Including Area Code:(212) 578-9500

Name and Address of Agent for Service:

Steven Gauster, Esq.

Executive Vice President and General Counsel
Metropolitan Life Insurance Company
200 Park Avenue

New York, NY 10166

COPY TO:

W. Thomas Conner
Vedder Price P.C.

1401 I Street NW, Suite 1100
Washington, D.C. 20005

Approximate Date of Proposed Public Offering: On May 1, 2020 or as soon thereafter as practicable.

It is proposed that this filing will become effective (check appropriate box)

□ immediately upon filing pursuant to paragraph (b) of Rule 485

☒ on May 1, 2020 pursuant to paragraph (b) of Rule 485

□ 60 days after filing pursuant to paragraph (a)(1) of Rule 485

□ on (date) pursuant to paragraph (a)(1) of Rule 485.

If appropriate, check the following:

□ This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

Title of Securities Being Registered: Individual Variable Annuity Contracts

This Registration Statement incorporates by reference the two supplements dated April 29, 2019 to the prospectus dated April 30, 1999 (as annually supplemented) for the contracts, as filed in Post-Effective Amendment No. 10 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on April 23, 2019 pursuant to paragraph (b) of Rule 485.

This Registration Statement incorporates by reference the two supplements dated April 30, 2018 to the prospectus dated April 30, 1999 (as annually supplemented) for the contracts, as filed in Post-Effective Amendment No. 9 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on April 11, 2018 pursuant to paragraph (b) of Rule 485.

This Registration Statement incorporates by reference the two supplements dated May 1, 2017 to the prospectus dated April 30, 1999 (as annually supplemented) for the contracts, as filed in Post-Effective Amendment No. 8 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on April 26, 2017 pursuant to paragraph (b) of Rule 485.

This Registration Statement incorporates by reference the two supplements dated April 30, 2016 to the prospectus dated April 30, 1999 (as annually supplemented) for the contracts, as filed in Post-Effective Amendment No. 7 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on April 27, 2016 pursuant to paragraph (b) of Rule 485.

This Registration Statement incorporates by reference the two supplements dated April 30, 2015 to the prospectus dated April 30, 1999 (as annually supplemented) for the contracts, as filed in Post-Effective Amendment No. 6 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on April 17, 2015 pursuant to paragraph (b) of Rule 485.

This Registration Statement incorporates by reference the two supplements dated April 28, 2014 to the prospectus dated April 30, 1999 (as annually supplemented) for the contracts, as filed in Post-Effective Amendment No. 5 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on April 17, 2014 pursuant to paragraph (b) of Rule 485.

This Registration Statement incorporates by reference the two supplements dated April 29, 2013 to the prospectus dated April 30, 1999 (as annually supplemented) for the contracts, as filed in Post-Effective Amendment No. 4 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on April 16, 2013 pursuant to paragraph (b) of Rule 485.

This Registration Statement incorporates by reference the two supplements dated April 30, 2012 to the prospectus dated April 30, 1999 (as annually supplemented) for the contracts, as filed in Post-Effective Amendment No. 3 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on April 17, 2012 pursuant to paragraph (b) of Rule 485.

This Registration Statement incorporates by reference the two supplements dated May 1, 2011 to the prospectus dated April 30, 1999 (as annually supplemented) for the contracts, as filed in Post-Effective Amendment No. 2 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on April 15, 2011 pursuant to paragraph (b) of Rule 485.

This Registration Statement incorporates by reference the two supplements dated May 1, 2010 to the prospectus dated April 30, 1999 (as annually supplemented) for the contracts, as filed in Post-Effective Amendment No. 1 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on April 20, 2010 pursuant to paragraph (b) of Rule 485.

This Registration Statement incorporates by reference the prospectus dated April 30, 1999 (the "Prospectus") and the following supplements to the Prospectus for the contracts:

Supplement dated November 9, 2009 to the Prospectus (As Annually Supplemented); Supplements dated May 1, 2009 to the Prospectus (As Annually Supplemented); Supplement dated April 28, 2008 to the Prospectus (As Annually Supplemented); Supplement dated October 19, 2007 to the Prospectus (As Supplemented); Supplement dated April 30, 2007 to the Prospectus (As Annually Supplemented); Supplement dated May 1, 2006 to the Prospectus (As Annually Supplemented); Supplement dated May 1, 2005 to the Prospectus (As Annually Supplemented); Supplement dated May 1, 2004 to the Prospectus (As Annually Supplemented); Supplement dated May 1, 2003 to the Prospectus (As Annually Supplemented); Supplement dated October 4, 2002 to the Prospectus, As Supplemented May 1, 2002; Supplement dated May 1, 2002 to the Prospectus (As Annually Supplemented); Supplement dated May 1, 2001 to the Prospectus, As Supplemented May 1, 2000; Supplement dated January 22, 2001 to Prospectuses dated May 1, 2000 and April 30, 1999, as supplemented May 1, 2000; and Supplement dated May 1, 2000 to the Prospectus, as filed in Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 (File Nos. 333-160722/811-04001) as filed on November 2, 2009.

Zenith Accumulator

Individual Variable Annuity Contracts

Issued By

Metropolitan Life Insurance Company

Supplement dated May 1, 2020

to the Prospectus dated April 30, 1999 as annually supplemented.

The Puerto Rico Internal Revenue Code of 2011 (the “2011 PR Code”) provides the following tax treatment for Zenith Accumulator Individual Variable Annuity Contracts (“the Contracts”) issued to Contract Owners in the Commonwealth of Puerto Rico. The Contracts will not be offered in Puerto Rico as individual retirement annuities (“IRAs”).

1. GENERAL TAX TREATMENT OF ANNUITIES

For Puerto Rico tax purposes, amounts received as an annuity under an annuity contract are defined as amounts (determined based on a computation with reference to life expectancy and mortality tables) received in periodical installments and payable over a period longer than one year from the annuity starting date.

Annuity payments generally have two elements: a part that constitutes a return of the annuity’s cost (return of capital) and a part that constitutes income.

From each annuity payment received, taxpayers must include in their gross income for income tax purposes the lower of (a) the annuity payments received during the taxable year, or (b) 3% of the aggregate premiums or consideration paid for the annuity divided by 12 and multiplied by the number of months in respect to which the installment is paid. The excess over the 3% is excluded from gross income until the aggregate premiums or consideration is recovered. The total amounts accumulated under a variable annuity contract with respect to which an individual prepaid the special 10% tax under Puerto Rico Act No. 77-2014, will be considered as premiums or consideration paid for the annuity.

Once the annuity’s cost has been fully recovered, all of the annuity payment constitutes taxable income. There is no penalty tax on early distributions from annuity contracts.

The 2011 PR Code provides an exclusion from gross income for amounts received as a qualified retirement annuity from a private employer due to termination of employment. The annuity must be in connection with a qualified retirement plan established under the 2011 PR Code. The amount of the annual exclusion is $15,000 for retirees that are 60 years old or older and $11,000 for the other retirees. Such exclusion can be applied in conjunction with the 3% inclusion in gross income test described above.

The following example illustrates the applicability of the exclusion. An annuity was bought in 2005, for $10,000 consideration, payable in installments totalizing $18,000 annually. For the taxable year 2013, the 65 years old beneficiary of the annuity commenced receiving benefits thereunder. The first $15,000 are exempt and in relation to the other $3,000, $2,700 will be attributed to the recovery of the consideration paid and $300 will have to be included in gross income (3% of $10,000). If the beneficiary of the annuity receives exempt amounts attributable to the consideration paid totalizing $10,000, then all amounts he receives thereafter under the annuity contract, which exceed the exclusion provided by the 2011 PR Code, would be included in gross income. Accordingly, if for the taxable year 2016, the $10,000 consideration was fully recovered, the beneficiary would have to include in gross income only $3,000 because $15,000 would be exempt under the 2011 PR Code.

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No gain or loss has to be generally recognized when certain insurance policies are exchanged for other insurance policies. These tax free exchanges include a life insurance contract for another or for an endowment or annuity contract (or a combination thereof). The total amount received, within the same taxable year, from a variable annuity contract issued by an eligible insurance company, may be taxed at a 15% income tax rate.

2. A VARIABLE ANNUITY CONTRACT UNDER NONQUALIFIED PLANS

A variable annuity contract may be purchased by an employer for an employee under a nonqualified stock bonus, pension, profit sharing or annuity plan. The employer may purchase the variable annuity contract and transfer it to a trust created under the terms of the nonqualified plan or can make contributions to the nonqualified trust in order to provide [a] variable annuity contract[s] for his employees.

The purchase payments paid or the employer’s contributions made to a trust under a plan during a taxable year of the employer which ends within or with a taxable year of the trust, shall be included in the gross income of the employee, if his beneficial interest in the employer’s contributions is nonforfeitable at the time the contribution is made. An employee’s beneficial interest in the contributions is nonforfeitable if there is no contingency under the plan which may cause the employee to lose his rights in the contribution.

When the contributions are included in the employee’s gross income, they are considered part of the consideration paid by him for the annuity. The amounts contributed by the employer constitute consideration paid by the employee which is taken into account for purposes of determining the taxable amount of each annuity payment received.

The contributions paid by the employer to or under the nonqualified plan for providing retirement benefits to the employees under an annuity or insurance contract are deductible in the taxable year when paid if the employee’s rights to or derived from such employer’s contribution are nonforfeitable at the time the contribution is made.

If an amount is paid on behalf of the employee during the taxable year but the rights of the employee therein are forfeitable at the time the amount is paid, no employer deduction is allowable for such amount for any taxable year.

In the case of distributions in the form of annuity or installments as a result of separation from service, the amount that exceeds the sum of the annual exclusion of $15,000 for retirees that are 60 years old or older and $11,000 for other retirees plus the recovery of the consideration paid for the annuity following the 3% recognition of income rule described in (1) above, will generally constitute ordinary income. subject to a 10% withholding tax.

Since a nonqualified trust is not tax-exempt, the trust itself will be taxable on the income of the trust assets.

3. A VARIABLE ANNUITY CONTRACT UNDER A QUALIFIED PLAN

A variable annuity contract may be purchased by an employer for an employee under a qualified pension, profit-sharing, stock bonus, annuity, or a cash or deferred arrangement (“CODA”) plan established pursuant to Section 1081.01 of the 2011 PR Code. The employer has two alternatives: (1) purchase the annuity contract and transfer the same to the trust under the plan, or (2) make contributions to a trust under a qualified plan for the purpose of providing an annuity contract for an employee. Notwithstanding the mechanism that is selected, the assets of a qualified retirement plan trust will be exempt from the estate and inheritance provisions of the Puerto Rico Civil Code. Therefore, said assets will be distributed as provided in the terms of the retirement plan without being subject to the estate and inheritance provisions of the Puerto Rico Civil Code.

Qualified plans must comply with the requirements of Section 1081.01(a) of the 2011 PR Code which include, among others, certain participation requirements. In the case of qualified retirement plan that contains a

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Cash or Deferred Arrangement, the same will be exempt from the applicability of the Actual Deferral Percentage (Nondiscrimination) Test to the extent the retirement plan has less than 100 participants, the employer business generates less than $10 million in annual gross income and the retirement plan provides to eligible employees a benefit of no less than 3% of their compensation.

The trust created under the qualified plan is exempt from tax on its investment income.

a. Contributions

The employer is entitled, in determining its net taxable income, to claim a current income tax deduction for contributions made to the trust created under the terms of a qualified plan. However, statutory limitations on the deductibility of contributions made to the trust under a qualified plan limit the amount of funds that may be contributed each year. The employer deduction limit for contributions to profit sharing and stock bonus qualified retirement plans is equal to 25% of the compensation otherwise paid or accrued during the taxable year.

b. Distributions

The amount paid by the employer towards the purchase of the variable annuity contract or contributed to the trust for providing variable annuity contracts for the employees is not required to be included in the income of the employee. However, any amount received or made available to the employee under the qualified plan is includible in the gross income of the employee in the taxable year in which received or made available.

In such case, the amount paid or contributed by the employer shall not constitute consideration paid by the employee for the variable annuity contract for purposes of determining the amount of annuity payments required to be included in the employee’s gross income. Thus, amounts actually distributed or made available to any employee under the qualified plan shall be included in their entirety in the employee’s gross income.

The value of accrued benefits in a qualified retirement plan with respect to which the special 8% tax under Puerto Rico Act No. 77-2014 was prepaid will be considered as part of the participant’s tax basis in his retirement plan account. Thus, any distributions attributable to the benefits for which such taxes were prepaid will not be subject to income taxes when the same are subsequently received by the participant. However, the investment income and the appreciation in value, if any, accrued on the benefits with respect to which the special tax was prepaid, will be taxed as provided by the tax rules in effect at the time of distribution.

Lump-sum proceeds from a Puerto Rico qualified retirement plan due to separation from service will generally be taxed at a 20% capital gain tax rate to be withheld at the source for distributions made before January 1, 2018. For distributions occurring after December 31, 2017, but before January 1, 2019, a 20% ordinary income tax rate may have applied to the total distribution if the payor withheld the 10% tax prescribed by the statute and deposited the withheld amount with the Puerto Rico Treasury within the time frame required by the 2011 PR Code. However, the distribution of benefits in one lump-sum payment due to separation of employment or termination of a retirement plan occurring on or after January 1, 2019 will be treated as ordinary income subject to a withholding tax rate of 20%.

A special rate of 10% may apply instead, if the plan satisfies the following requirements: (1) the plan’s trust is organized under the laws of Puerto Rico, or has a Puerto Rico resident trustee and uses such trustee as paying agent; and (2) 10% of all plan’s trust assets (calculated based on the average balance of the investments of the trust) attributable to participants which are Puerto Rico residents must be invested in “property located in Puerto Rico” for a three year period. If those two requirements are not satisfied, the distribution will generally be subject to the 20% tax rate. The three-year period includes the year of the distribution and the two immediately preceding years. In the case of a defined contribution plan that maintains separate accounts for each participant, the described 10% investment requirement may be satisfied in the accounts of a participant that chooses to invest in such fashion rather than at the trust level. Property located in Puerto Rico includes shares of stock of a Puerto Rico Registered Investment Company (RIC), fixed or variable annuities issued by a domestic insurance company

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or by a foreign insurance company that derives more than 80% of its gross income from sources within Puerto Rico bank deposits.

In the case of distributions in the form of annuity or installments as a result of separation from service, the amount that exceeds the sum of the annual exclusion of $15,000 for retirees that are 60 years old or older and $11,000 for other retirees plus the recovery of the consideration paid for the annuity following the 3% recognition of income rule described in (1) above, will generally constitute ordinary income subject to a 10% withholding tax.

The 2011 PR Code does not impose a penalty tax in cases of early (premature) distributions from a qualified plan.

c. Rollover

Deferral of the recognition of income continues upon the receipt of a distribution by a participant from a qualified plan, if the distribution is contributed to another qualified retirement plan or traditional individual retirement account (“IRA”) for the employee’s benefit no later than sixty (60) days after the distribution.

4. ERISA CONSIDERATIONS

In the context of a Puerto Rico qualified retirement plan trust, the IRS has held that the transfer of assets and liabilities from a qualified retirement plan trust under the Code to that type of plan would generally be treated as a distribution includible in gross income for U.S. income tax purposes even if the Puerto Rico retirement plan is a plan described in ERISA Section 1022(i)(l). By contrast, a transfer from a qualified retirement plan trust under the Code to a Puerto Rico qualified retirement plan trust that has made an election under ERISA Section 1022(i)(2) is not treated as a distribution from the transferor plan for U.S. income tax purposes because a Puerto Rico retirement plan that has made an election under ERISA Section 1022(i)(2) is treated as a qualified retirement plan for purposes Code Section 401(a). The IRS has determined that the above described rules prescribing the inclusion in income of transfers of assets and liabilities to a Puerto Rico retirement plan trust described in ERISA Section 1022(i)(l) would be applicable to transfers taking effect after December 31, 2012. Notwithstanding the above, the IRS has recently held that a Puerto Rico retirement plan described in ERISA Section 1022(i)(1) may participate in a 81-100 group trust because it permits said plan to diversify its investments without adverse tax consequences to the group trust or its investors.

Similar to the IRS in Revenue Ruling 2013-17, the U.S. Department of Labor issued DOL Technical Release No. 2013-04 on September 18, 2013 providing that, where the Secretary of Labor has authority to regulate with respect to the provisions of ERISA dealing with the use of the term “spouse”, spouse will be read to refer to any individuals who are lawfully married under any state law, including same-sex spouses, and without regard to whether their state of domicile recognizes same-sex marriage. Thus, for ERISA purposes as well as Federal tax purposes, an employee benefit plan participant who marries a person of the same sex in a jurisdiction that recognizes same-sex marriage will continue to be treated as married even if the couple moves to a jurisdiction that does not recognize same-sex marriage.

5. A VARIABLE ANNUITY CONTRACT UNDER A KEOGH PLAN

A variable annuity contract may be purchased for purposes of funding a self employed retirement plan under Section 1081.01 of the 2011 PR Code. This plan is commonly known as a Keogh plan or an HR 10 plan.

This plan permits self-employed individuals and owner-employees to adopt pension plans, profit sharing plans or annuity plans for themselves and their employees. A self-employed individual is any individual who carries on a trade or business as a sole proprietor, an independent contractor or anyone who is in business for himself or herself.

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An owner-employee is any individual who owns all of an unincorporated business. In the case of a corporation of individuals or a special partnership, an owner-employee is a shareholder or a partner owning more than 10% of the interest in capital or profits.

Similar to a qualified plan, the variable annuity contract may be purchased and be transferred to a trust, or contributions may be made to the trust for the purpose of providing an annuity contract for the trust beneficiaries.

a. Contributions

A tax deduction may be claimed for contributions made to the plan. As in other qualified plans, contributions to the plan are subject to certain statutory limits. The limit on the deduction depends on the type of plan selected.

Such contributions and the income generated from them are not taxable to the owner-employee, his employees or to the self-employed individual until the funds are distributed or made available to them.

The investment income generated from the contributions made to the plan which are held in a qualified trust is tax exempt to the trust.

b. Distributions

Distributions made under a qualified self-employed retirement plan will be subject to the rules described under 3(b) and (c) above.

ZAVA-PR2019

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Zenith Accumulator

Individual Variable Annuity Contracts Issued By: Metropolitan Life Insurance Company, 200 Park Avenue, New York, New York 10166

Administrative Offices:

FOR LOAN PAYMENTS: Metropolitan Life Insurance Company, P.O. Box 70243, Philadelphia, PA 19176-0243

FOR PURCHASE PAYMENTS: Metropolitan Life Insurance Company, P.O. Box 70244, Philadelphia, PA 19176-0244

CONTRACT OWNER SERVICE REQUESTS: Metropolitan Life Insurance Company, P.O. Box 7104, Troy, MI 48007-7104

Supplement dated May 1, 2020

to the Prospectus dated April 30, 1999 (as annually supplemented).

This supplement updates certain information in the prospectus dated April 30, 1999 (as annually supplemented), describing individual flexible and single purchase payment variable annuity contracts (the “Contracts”) funded by Metropolitan Life Separate Account E (the “Variable Account”). You should read and retain this supplement. Certain additional information about the Contracts is contained in a Statement of Additional Information (“SAI”) dated May 1, 2020, as it may be supplemented from time to time, which has been filed with the Securities and Exchange Commission (“SEC”) and is incorporated herein by reference. A complete prospectus dated April 30, 1999, and any previous supplements, as well as the Statement of Additional Information, may be obtained free of charge by writing to Metropolitan Life Insurance Company at 200 Park Avenue, New York, New York 10166 or telephoning 1-800-777-5897.

We currently are not offering any new Contracts. However, Contract Owners of existing Contracts may continue to make purchase payments. Contract Owners may allocate Assets to Divisions of the Eligible Funds. Divisions may be referred to as “Investment Divisions” or “Subaccounts” in prior prospectuses or in the Contract.

American Funds Insurance Series^® — Class 2

American Funds Bond Fund

American Funds Global Small Capitalization Fund

American Funds Growth Fund

American Funds Growth-Income Fund

Brighthouse Funds Trust I

Brighthouse Asset Allocation 100 Portfolio — Class A

Brighthouse/Wellington Large Cap Research Portfolio — Class B

Clarion Global Real Estate Portfolio — Class B

Harris Oakmark International Portfolio — Class E

Invesco Global Equity Portfolio — Class B

Invesco Small Cap Growth Portfolio — Class B

Loomis Sayles Growth Portfolio — Class A

MFS^® Research International Portfolio — Class B

Morgan Stanley Discovery Portfolio — Class B

PIMCO Inflation Protected Bond Portfolio — Class B

PIMCO Total Return Portfolio — Class B

SSGA Growth and Income ETF Portfolio — Class B

SSGA Growth ETF Portfolio — Class B

T. Rowe Price Mid Cap Growth Portfolio — Class B

Victory Sycamore Mid Cap Value Portfolio — Class B

Brighthouse Funds Trust II

Baillie Gifford International Stock Portfolio — Class A

BlackRock Bond Income Portfolio — Class A

BlackRock Capital Appreciation Portfolio — Class A

BlackRock Ultra-Short Term Bond Portfolio — Class A

Brighthouse Asset Allocation 20 Portfolio — Class B

Brighthouse Asset Allocation 40 Portfolio — Class B

Brighthouse Asset Allocation 60 Portfolio — Class B

Brighthouse Asset Allocation 80 Portfolio — Class B

Brighthouse/Artisan Mid Cap Value Portfolio — Class A

Brighthouse/Wellington Balanced Portfolio — Class B

Brighthouse/Wellington Core Equity Opportunities Portfolio — Class A

Frontier Mid Cap Growth Portfolio — Class B

Jennison Growth Portfolio — Class A

Loomis Sayles Small Cap Core Portfolio — Class A

Loomis Sayles Small Cap Growth Portfolio — Class B

MetLife Aggregate Bond Index Portfolio — Class B

MetLife Mid Cap Stock Index Portfolio — Class B

MetLife MSCI EAFE^® Index Portfolio — Class B

MetLife Russell 2000^® Index Portfolio — Class B

MetLife Stock Index Portfolio — Class B

MFS^® Total Return Portfolio — Class E

MFS^® Value Portfolio — Class E

Neuberger Berman Genesis Portfolio — Class A

T. Rowe Price Large Cap Growth Portfolio — Class B

T. Rowe Price Small Cap Growth Portfolio — Class B

Western Asset Management Strategic Bond Opportunities Portfolio — Class B

Western Asset Management U.S. Government Portfolio — Class A

Fidelity^® Variable Insurance Products — Initial Class

Equity-Income Portfolio

Please see “Additional Information Regarding Eligible Funds” for more information.

Neither the SEC nor any state securities commission has approved these contracts or determined if this prospectus is accurate or complete. Any representation to the contrary is a criminal offense.

The SEC maintains a website that contains the SAI, material incorporated by reference, and other information regarding registrants that file electronically with the SEC. The address of the site is http://www.sec.gov.

The Financial Industry Regulatory Authority (FINRA) provides background information about broker-dealers and their registered representatives through FINRA BrokerCheck. You may contact the FINRA BrokerCheck Hotline at 1-800-289-9999, or log on to www.finra.org. An investor brochure that includes information describing FINRA BrokerCheck is available through the Hotline or on-line.

Current prospectuses for the Eligible Funds can be obtained by calling 1-800-777-5897.

We do not guarantee how any of the Divisions of the Eligible Funds will perform. The Contracts and Eligible Funds are not deposits or obligations of, or guaranteed or endorsed by, any financial institution and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.

IMPORTANT INFORMATION

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of a Portfolio’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from us. Instead, the shareholder reports will be made available on www.metlife.com, and you will be notified by mail each time a shareholder report is posted and provided with a website link to access the shareholder report.

If you already elected to receive your shareholder report electronically, you will not be affected by this change, and you need not take any action. You may elect to receive shareholder reports and other communications, including Portfolio prospectuses and other information we send you by contacting our Administrative Office.

If you wish to continue to receive shareholder reports in paper on and after January 1, 2021, we will continue to send you all future reports in paper, free of charge. Please contact us at our Administrative Office if you wish to continue receiving paper copies of the Portfolios’ shareholder reports. Your election to receive shareholder reports in paper will apply to all Portfolios available under your Policy.

Expense Table

The following tables describe the fees and expenses that you will pay when buying, owning, and surrendering the Contract. The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender the Contract, or transfer cash value between Divisions. State premium taxes of 0% to 3.5% may also be deducted.

Contract Owner Transaction Expenses

Sales Charge Imposed on Purchase Payments	None
Contingent Deferred Sales Charge (as a percentage of Contract Value)	6.5% declining annually— See Note (1)
Transfer Fee(2)	$10

Notes:

(1) The Contingent Deferred Sales Charge is a declining percentage of contract value withdrawn, as follows:

If Withdrawn During Contract Year	Charge
1	6.5%
2	6.0%
3	5.5%
4	5.0%
5	4.5%
6	4.0%
7	3.5%
8	3.0%
9	2.0%
10	1.0%
11	0%

(2) Currently, we do not charge this fee. We reserve the right to impose a charge of $10 on each transfer in excess of four per calendar year.

The next table describes the fees and expenses that you will pay periodically during the time that you own the Contract, not including Eligible Fund fees and expenses.

Annual Contract Fee

Administration Contract Charge(1) $30

Variable Account Annual Expenses

(as a percentage of average daily net assets in the Divisions)

	American Funds Bond Division, American Funds Growth-Income Division, American Funds Growth Division, and American Funds Global Small Capitalization Division	All Other Divisions
Mortality and Expense Risk Charge(2)	1.20%	.95%
Administration Asset Charge	.40%	.40%
Total Variable Account Annual Expenses	1.60%	1.35%

Note:

(1) The Administration Contract Charge is not imposed after annuitization.

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(2) We are waiving .08% of the Mortality and Expense Risk Charge for the Division investing in the Brighthouse/Wellington Large Cap Research Portfolio. We will waive the following amount of the Mortality and Expense Risk Charge: an amount, if any, equal to the Eligible Fund expenses that are in excess of the indicated percentage for the Division investing in the following Eligible Fund: 0.87% for the Division investing in the Invesco Global Equity Portfolio — Class B.

Eligible Fund Fees and Expenses as of December 31, 2019

The first table below shows the range (minimum and maximum) of the total annual operating expenses charged by all of the Eligible Funds, before any voluntary or contractual fee waivers and/or expense reimbursements. Certain Eligible Funds may impose a redemption fee in the future. The second table shows each Eligible Fund’s management fee, distribution and/or service (12b-1) fees if applicable, and other expenses. The Eligible Funds provided this information and we have not independently verified it. More detail concerning each Eligible Fund’s fees and expenses is contained in the prospectus for each Eligible Fund. Current prospectuses for the Eligible Funds can be obtained by calling 800-777-5897.

Minimum and Maximum Total Annual Eligible Fund Operating Expenses

	Minimum*	Maximum
Total Annual Eligible Fund Operating Expenses
(expenses that are deducted from Eligible Fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses)	0.28%	1.67%

	Minimum*	Maximum
Net Total Annual Fund Operating Expenses (1)
(expenses that are deducted from Portfolio assets, including management fees, distribution and/or service (12b-1) fees, and other expenses after any applicable waiver or expense reimbursement)	0.27%	1.67%

NOTE:

(1)

The range of Net Total Annual Eligible Fund Operating Expenses takes into account arrangements for certain Eligible Funds that require the investment adviser to reimburse or waive Eligible Fund operating expenses for a period of at least one year from the date of the portfolio’s 2020 prospectus as described in more detail below.

*
Does not take into consideration any portfolio of the American Funds Insurance Series, for which an additional Mortality and Expense Risk charge applies.

Eligible Fund Fees and Expenses

(as a percentage of average daily net assets)

The following table is a summary. For more complete information on Eligible Fund fees and expenses, please refer to the prospectus for each Eligible Fund.

Eligible Fund	Management Fee	Distribution and/or Service (12b-1) Fees	Other Expenses	Acquired Fund Fees and Expenses	Total Annual Operating Expenses	Fee Waiver and/or Expense Reimbursement	Net Total Annual Operating Expenses
American Funds Insurance Series® — Class 2
American Funds Bond Fund	0.36%	0.25%	0.04%	—	0.65%	—	0.65%
American Funds Global Small Capitalization Fund	0.70%	0.25%	0.06%	—	1.01%	—	1.01%
American Funds Growth Fund	0.32%	0.25%	0.04%	—	0.61%	—	0.61%

A-4

Eligible Fund	Management Fee	Distribution and/or Service (12b-1) Fees	Other Expenses	Acquired Fund Fees and Expenses	Total Annual Operating Expenses	Fee Waiver and/or Expense Reimbursement	Net Total Annual Operating Expenses
American Funds Growth-Income Fund	0.26%	0.25%	0.04%	—	0.55%	—	0.55%
Brighthouse Funds Trust I
Brighthouse Asset Allocation 100 Portfolio — Class A	0.07%	—	0.02%	0.66%	0.75%	—	0.75%
Brighthouse/Wellington Large Cap Research Portfolio — Class B	0.56%	0.25%	0.03%	—	0.84%	0.04%	0.80%
Clarion Global Real Estate Portfolio — Class B	0.62%	0.25%	0.05%	—	0.92%	0.04%	0.88%
Harris Oakmark International Portfolio — Class E	0.77%	0.15%	0.05%	—	0.97%	0.03%	0.94%
Invesco Global Equity Portfolio (formerly Oppenheimer Global Equity Portfolio) — Class B	0.66%	0.25%	0.04%	—	0.95%	0.11%	0.84%
Invesco Small Cap Growth Portfolio — Class B	0.85%	0.25%	0.04%	—	1.14%	0.08%	1.06%
Loomis Sayles Growth Portfolio (formerly ClearBridge Aggressive Growth Portfolio) — Class A	0.57%	—	0.02%	—	0.59%	0.02%	0.57%
MFS® Research International Portfolio — Class A††	0.70%	—	0.04%	—	0.74%	0.10%	0.64%
MFS® Research International Portfolio — Class B	0.70%	0.25%	0.04%	—	0.99%	0.10%	0.89%
Morgan Stanley Discovery Portfolio — Class B	0.64%	0.25%	0.04%	—	0.93%	0.02%	0.91%
PIMCO Inflation Protected Bond Portfolio — Class B	0.48%	0.25%	0.94%	—	1.67%	—	1.67%
PIMCO Total Return Portfolio — Class B	0.48%	0.25%	0.38%	—	1.11%	0.03%	1.08%
SSGA Growth and Income ETF Portfolio — Class B	0.31%	0.25%	0.01%	0.20%	0.77%	—	0.77%
SSGA Growth ETF Portfolio — Class B	0.32%	0.25%	0.03%	0.21%	0.81%	—	0.81%
T. Rowe Price Mid Cap Growth Portfolio — Class B	0.75%	0.25%	0.03%	—	1.03%	—	1.03%
Victory Sycamore Mid Cap Value Portfolio — Class B	0.65%	0.25%	0.04%	—	0.94%	0.09%	0.85%
Brighthouse Funds Trust II
Baillie Gifford International Stock Portfolio — Class A	0.79%	—	0.05%	—	0.84%	0.12%	0.72%
BlackRock Bond Income Portfolio — Class A	0.34%	—	0.05%	—	0.39%	—	0.39%

A-5

Eligible Fund	Management Fee	Distribution and/or Service (12b-1) Fees	Other Expenses	Acquired Fund Fees and Expenses	Total Annual Operating Expenses	Fee Waiver and/or Expense Reimbursement	Net Total Annual Operating Expenses
BlackRock Capital Appreciation Portfolio — Class A	0.70%	—	0.02%	—	0.72%	0.09%	0.63%
BlackRock Ultra-Short Term Bond Portfolio — Class A	0.35%	—	0.04%	—	0.39%	0.02%	0.37%
Brighthouse Asset Allocation 20 Portfolio — Class B	0.10%	0.25%	0.03%	0.63%	1.01%	0.03%	0.98%
Brighthouse Asset Allocation 40 Portfolio — Class B	0.06%	0.25%	—	0.63%	0.94%	—	0.94%
Brighthouse Asset Allocation 60 Portfolio — Class B	0.05%	0.25%	—	0.64%	0.94%	—	0.94%
Brighthouse Asset Allocation 80 Portfolio — Class B	0.05%	0.25%	0.01%	0.65%	0.96%	—	0.96%
Brighthouse/Artisan Mid Cap Value Portfolio — Class A	0.82%	—	0.04%	—	0.86%	0.08%	0.78%
Brighthouse/Wellington Balanced Portfolio — Class B	0.46%	0.25%	0.07%	—	0.78%	—	0.78%
Brighthouse/Wellington Core Equity Opportunities Portfolio — Class A	0.70%	—	0.02%	—	0.72%	0.12%	0.60%
Frontier Mid Cap Growth Portfolio — Class B	0.71%	0.25%	0.04%	—	1.00%	0.02%	0.98%
Jennison Growth Portfolio — Class A	0.60%	—	0.02%	—	0.62%	0.08%	0.54%
Loomis Sayles Small Cap Core Portfolio — Class A	0.90%	—	0.07%	0.01%	0.98%	0.09%	0.89%
Loomis Sayles Small Cap Growth Portfolio — Class B	0.90%	0.25%	0.08%	—	1.23%	0.09%	1.14%
MetLife Aggregate Bond Index Portfolio — Class B	0.25%	0.25%	0.03%	—	0.53%	0.01%	0.52%
MetLife Mid Cap Stock Index Portfolio — Class B	0.25%	0.25%	0.05%	0.01%	0.56%	—	0.56%
MetLife MSCI EAFE® Index Portfolio — Class B	0.30%	0.25%	0.07%	0.01%	0.63%	—	0.63%
MetLife Russell 2000® Index Portfolio — Class B	0.25%	0.25%	0.06%	—	0.56%	—	0.56%
MetLife Stock Index Portfolio — Class A†	0.25%	—	0.03%	—	0.28%	0.01%	0.27%
MetLife Stock Index Portfolio — Class B	0.25%	0.25%	0.03%	—	0.53%	0.01%	0.52%
MFS® Total Return Portfolio — Class A†	0.57%	—	0.06%	—	0.63%	—	0.63%
MFS® Total Return Portfolio — Class E	0.57%	0.15%	0.06%	—	0.78%	—	0.78%
MFS® Value Portfolio — Class A††	0.61%	—	0.02%	—	0.63%	0.06%	0.57%
MFS® Value Portfolio — Class E	0.61%	0.15%	0.02%	—	0.78%	0.06%	0.72%
Neuberger Berman Genesis Portfolio — Class A	0.82%	—	0.04%	—	0.86%	0.01%	0.85%

A-6

Eligible Fund	Management Fee	Distribution and/or Service (12b-1) Fees	Other Expenses	Acquired Fund Fees and Expenses	Total Annual Operating Expenses	Fee Waiver and/or Expense Reimbursement	Net Total Annual Operating Expenses
T. Rowe Price Large Cap Growth Portfolio — Class B	0.60%	0.25%	0.03%	—	0.88%	0.05%	0.83%
T. Rowe Price Small Cap Growth Portfolio — Class B	0.47%	0.25%	0.03%	—	0.75%	—	0.75%
Western Asset Management Strategic Bond Opportunities Portfolio — Class A††	0.57%	—	0.03%	—	0.60%	0.06%	0.54%
Western Asset Management Strategic Bond Opportunities Portfolio — Class B	0.57%	0.25%	0.03%	—	0.85%	0.06%	0.79%
Western Asset Management U.S. Government Portfolio — Class A	0.48%	—	0.02%	—	0.50%	0.03%	0.47%
Fidelity ® Variable Insurance Products — Initial Class
Equity-Income Portfolio	0.44%	—	0.09%	—	0.53%	—	0.53%

†	Aavailable under Contracts issued prior to May 1, 1995.
††	Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing.

The information shown in the table above was provided by the Eligible Funds. Certain Eligible Funds and their investment adviser have entered into expense reimbursement and/or fee waiver arrangements that will continue through April 30, 2021. These arrangements can be terminated with respect to these Eligible Funds only with the approval of the Eligible Fund's board of directors or trustees. Please see the Eligible Funds’ prospectuses for additional information regarding these arrangements.

Certain Eligible Funds that have “Acquired Fund Fees and Expenses” may be “funds of funds.” A fund of funds invests substantially all of its assets in other underlying funds. Because the Eligible Fund invests in other funds, it will bear its pro rata portion of the operating expenses of those underlying funds, including the management fee.

Example

The Example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include Contract Owner transaction expenses, Contract fees, Variable Account annual expenses, and Eligible Fund fees and expenses.(1)

The Example assumes that you invest $10,000 in a Contract for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the (a) maximum and (b) minimum fees and expenses of any of the Eligible Funds (before reimbursement and/or waiver). Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

(1) If you surrender your Contract or annuitize under a non-life contingency option (with applicable contingent deferred sales charges deducted) at the end of the applicable time period:

	1 Year	3 Years	5 Years	10 Years
(a) Minimum	$843	$1,085	$1,350	$2,026
(b) Maximum	$982	$1,502	$2,047	$3,425

A-7

(2) If you do not surrender your Contract or if you annuitize under a variable life contingency option (no contingent deferred sales charges would be deducted(2)):

	1 Year	3 Years	5 Years	10 Years
(a) Minimum	$193	$535	$ 900	$1,926
(b) Maximum	$332	$952	$1,597	$3,325

Please remember that the examples are simply illustrations and do not reflect past or future expenses. Your actual expenses may be higher or lower than those reflected in the examples depending on the features you choose. Similarly your rate of return may be more or less than the 5% assumed in the examples.

Notes:

(1)	The examples do not reflect transfer fees or premium taxes (which may range up to 3.5%, depending on the jurisdiction). In these examples, the average Administration Contract Charge of 0.071% has been used. (See Note (1) to the second table on p. A-3.)
(2)	The same would apply if you elect to annuitize under a fixed life contingency option unless your Contract has been in effect less than five years, in which case the expenses shown in the first three columns of the first example would apply. (See “Contingent Deferred Sales Charge”.)

Condensed financial information containing the Accumulation Unit Value history appears at the end of this prospectus supplement (p. A-25).

The Company

Metropolitan Life Insurance Company is a provider of insurance, annuities, employee benefits and asset management. We are also one of the largest institutional investors in the United States with a $280.6 billion general account portfolio invested primarily in fixed income securities (corporate, structured products, municipals, and government and agency) and mortgage loans, as well as real estate, real estate joint ventures, other limited partnerships and equity securities, at December 31, 2019. The Company was incorporated under the laws of New York in 1868. The Company’s office is located at 200 Park Avenue, New York, New York 10166-0188. The Company is a wholly-owned subsidiary of MetLife, Inc.

Investments of the Variable Account

Purchase payments applied to the Variable Account will be invested in Divisions of one or more of the Eligible Funds listed below, at net asset value without deduction of any sales charge, in accordance with the selection you make in your application. You may change your selection of Eligible Funds for future purchase payments at any time without charge. (See “Requests and Elections.”) You also may transfer previously invested amounts among the Eligible Funds, subject to certain conditions. (See “Transfer Privilege.”) Your Contract Value may be distributed among no more than 10 Divisions (including the Fixed Account) at any time. The Company reserves the right to add or remove Eligible Funds from time to time as investments for the Variable Account. See “Substitution of Investments.”

The investment objectives and policies of certain Eligible Funds are similar to the investment objectives and policies of other funds that may be managed by the same sub-adviser. The investment results of the Eligible Funds, however, may be higher or lower than the results of such other funds. There can be no assurance, and no representation is made, that the investment results of any of the Eligible Funds will be comparable to the investment results of any other fund, even if the other fund has the same sub-adviser.

A-8

You will find complete information about the Eligible Funds, including the risks associated with each, in the prospectuses for the Eligible Funds. They should be read carefully along with this prospectus before investing. Current prospectuses for the Eligible Funds can be obtained by calling 1-800-777-5897.

Eligible Fund	Investment Objective	Investment Adviser/Subadviser
American Funds Insurance Series® — Class 2
American Funds Bond Fund	Seeks as high a level of current income as is consistent with the preservation of capital.	Capital Research and Management CompanySM
American Funds Global Small Capitalization Fund	Seeks long-term growth of capital.	Capital Research and Management CompanySM
American Funds Growth Fund	Seeks growth of capital.	Capital Research and Management CompanySM
American Funds Growth-Income Fund	Seeks long-term growth of capital and income.	Capital Research and Management CompanySM
Brighthouse Funds Trust I
Brighthouse Asset Allocation 100 Portfolio — Class A	Seeks growth of capital.	Brighthouse Investment Advisers, LLC
Brighthouse/Wellington Large Cap Research Portfolio — Class B	Seeks long-term capital appreciation.	Brighthouse Investment Advisers, LLC Subadviser: Wellington Management Company LLP
Clarion Global Real Estate Portfolio — Class B	Seeks total return through investment in real estate securities, emphasizing both capital appreciation and current income.	Brighthouse Investment Advisers, LLC Subadviser: CBRE Clarion Securities LLC
Harris Oakmark International Portfolio — Class E	Seeks long-term capital appreciation.	Brighthouse Investment Advisers, LLC Subadviser: Harris Associates L.P.
Invesco Global Equity Portfolio — Class B	Seeks capital appreciation.	Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers, Inc.
Invesco Small Cap Growth Portfolio — Class B	Seeks long-term growth of capital.	Brighthouse Investment Advisers, LLC Subadviser: Invesco Advisers, Inc.
Loomis Sayles Growth Portfolio — Class A	Seeks long-term growth of capital.	Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles & Company, L.P.
MFS ® Research International Portfolio — Class A††	Seeks capital appreciation.	Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company

A-9

Eligible Fund	Investment Objective	Investment Adviser/Subadviser
MFS ® Research International Portfolio — Class B	Seeks capital appreciation.	Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company
Morgan Stanley Discovery Portfolio — Class B	Seeks capital appreciation.	Brighthouse Investment Advisers, LLC Subadviser: Morgan Stanley Investment Management Inc.
PIMCO Inflation Protected Bond Portfolio — Class B	Seeks maximum real return, consistent with preservation of capital and prudent investment management.	Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment Management Company LLC
PIMCO Total Return Portfolio — Class B	Seeks maximum total return, consistent with the preservation of capital and prudent investment management.	Brighthouse Investment Advisers, LLC Subadviser: Pacific Investment Management Company LLC
SSGA Growth and Income ETF Portfolio — Class B	Seeks growth of capital and income.	Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds Management, Inc.
SSGA Growth ETF Portfolio — Class B	Seeks growth of capital.	Brighthouse Investment Advisers, LLC Subadviser: SSGA Funds Management, Inc.
T. Rowe Price Mid Cap Growth Portfolio — Class B	Seeks long-term growth of capital.	Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates, Inc.
Victory Sycamore Mid Cap Value Portfolio — Class B	Seeks high total return by investing in equity securities of mid-sized companies.	Brighthouse Investment Advisers, LLC Subadviser: Victory Capital Management Inc.
Brighthouse Funds Trust II
Baillie Gifford International Stock Portfolio — Class A	Seeks long-term growth of capital.	Brighthouse Investment Advisers, LLC Subadviser: Baillie Gifford Overseas Limited
BlackRock Bond Income Portfolio — Class A	Seeks a competitive total return primarily from investing in fixed-income securities.	Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors, LLC
BlackRock Capital Appreciation Portfolio — Class A	Seeks long-term growth of capital.	Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors, LLC

A-10

Eligible Fund	Investment Objective	Investment Adviser/Subadviser
BlackRock Ultra-Short Term Bond Portfolio — Class A	Seeks a high level of current income consistent with preservation of capital.	Brighthouse Investment Advisers, LLC Subadviser: BlackRock Advisors, LLC
Brighthouse Asset Allocation 20 Portfolio — Class B	Seeks a high level of current income, with growth of capital as a secondary objective.	Brighthouse Investment Advisers, LLC
Brighthouse Asset Allocation 40 Portfolio — Class B	Seeks high total return in the form of income and growth of capital, with a greater emphasis on income.	Brighthouse Investment Advisers, LLC
Brighthouse Asset Allocation 60 Portfolio — Class B	Seeks a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital.	Brighthouse Investment Advisers, LLC
Brighthouse Asset Allocation 80 Portfolio — Class B	Seeks growth of capital.	Brighthouse Investment Advisers, LLC
Brighthouse/Artisan Mid Cap Value Portfolio — Class A	Seeks long-term capital growth.	Brighthouse Investment Advisers, LLC Subadviser: Artisan Partners Limited Partnership
Brighthouse/Wellington Balanced Portfolio — Class B	Seeks long-term capital appreciation with some current income.	Brighthouse Investment Advisers, LLC Subadviser: Wellington Management Company LLP
Brighthouse/Wellington Core Equity Opportunities Portfolio — Class A	Seeks to provide a growing stream of income over time and, secondarily, long-term capital appreciation and current income.	Brighthouse Investment Advisers, LLC Subadviser: Wellington Management Company LLP
Frontier Mid Cap Growth Portfolio — Class B	Seeks maximum capital appreciation.	Brighthouse Investment Advisers, LLC Subadviser: Frontier Capital Management Company, LLC
Jennison Growth Portfolio — Class A	Seeks long-term growth of capital.	Brighthouse Investment Advisers, LLC Subadviser: Jennison Associates LLC
Loomis Sayles Small Cap Core Portfolio — Class A	Seeks long-term capital growth from investments in common stocks or other equity securities.	Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles & Company, L.P.
Loomis Sayles Small Cap Growth Portfolio — Class B	Seeks long-term capital growth.	Brighthouse Investment Advisers, LLC Subadviser: Loomis, Sayles & Company, L.P.

A-11

Eligible Fund	Investment Objective	Investment Adviser/Subadviser
MetLife Aggregate Bond Index Portfolio — Class B	Seeks to track the performance of the Bloomberg Barclays U.S. Aggregate Bond Index.	Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Advisors, LLC
MetLife Mid Cap Stock Index Portfolio — Class B	Seeks to track the performance of the Standard & Poor’s MidCap 400® Composite Stock Price Index.	Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Advisors, LLC
MetLife MSCI EAFE® Index Portfolio — Class B	Seeks to track the performance of the MSCI EAFE® Index.	Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Advisors, LLC
MetLife Russell 2000® Index Portfolio — Class B	Seeks to track the performance of the Russell 2000® Index.	Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Advisors, LLC
MetLife Stock Index Portfolio — Class A†	Seeks to track the performance of the Standard & Poor’s 500® Composite Stock Price Index.	Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Advisors, LLC
MetLife Stock Index Portfolio — Class B	Seeks to track the performance of the Standard & Poor’s 500® Composite Stock Price Index.	Brighthouse Investment Advisers, LLC Subadviser: MetLife Investment Advisors, LLC
MFS ® Total Return Portfolio — Class A†	Seeks a favorable total return through investment in a diversified portfolio.	Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company
MFS ® Total Return Portfolio — Class E	Seeks a favorable total return through investment in a diversified portfolio.	Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company
MFS ® Value Portfolio — Class A††	Seeks capital appreciation.	Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company
MFS ® Value Portfolio — Class E	Seeks capital appreciation.	Brighthouse Investment Advisers, LLC Subadviser: Massachusetts Financial Services Company
Neuberger Berman Genesis Portfolio — Class A	Seeks high total return, consisting principally of capital appreciation.	Brighthouse Investment Advisers, LLC Subadviser: Neuberger Berman Investment Advisers LLC

A-12

Eligible Fund	Investment Objective	Investment Adviser/Subadviser
T. Rowe Price Large Cap Growth Portfolio — Class B	Seeks long-term growth of capital.	Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates, Inc.
T. Rowe Price Small Cap Growth Portfolio — Class B	Seeks long-term capital growth.	Brighthouse Investment Advisers, LLC Subadviser: T. Rowe Price Associates, Inc.
Western Asset Management Strategic Bond Opportunities Portfolio — Class A††	Seeks to maximize total return consistent with preservation of capital.	Brighthouse Investment Advisers, LLC Subadviser: Western Asset Management Company
Western Asset Management Strategic Bond Opportunities Portfolio — Class B	Seeks to maximize total return consistent with preservation of capital.	Brighthouse Investment Advisers, LLC Subadviser: Western Asset Management Company
Western Asset Management U.S. Government Portfolio — Class A	Seeks to maximize total return consistent with preservation of capital and maintenance of liquidity.	Brighthouse Investment Advisers, LLC Subadviser: Western Asset Management Company
Fidelity ® Variable Insurance Products — Initial Class
Equity-Income Portfolio	Seeks reasonable income. The fund will also consider the potential for capital appreciation. The fund's goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500® Index.	Fidelity Management & Research Company LLC

†	Aavailable under Contracts issued prior to May 1, 1995.
††	Closed to new investments except under dollar cost averaging and rebalancing programs in existence at the time of closing.

Additional Information Regarding Eligible Funds

Brighthouse Funds Trust I

Class A shares of MFS^® Research International are not available for allocation of new purchase payments or transfer of Contract Value (excluding existing rebalancing or dollar cost averaging programs in existence as of April 28, 2008). See Expense Table—Brighthouse Funds Trust I (p. A-5).

Brighthouse Funds Trust II

Class A shares of the Western Asset Management Strategic Bond Opportunities Portfolio are not available for allocation of new purchase payments or transfer of Contract Value (excluding existing rebalancing or dollar cost averaging programs in existence as of May 1, 2016). Western Asset Management Strategic Bond Opportunities Class B shares are available. See Expense Table – Brighthouse Funds Trust II (p. A-7)

For Contracts issued prior to May 1, 1995, the MetLife Stock Index Portfolio Class A is available. For Contracts issued on and after May 1, 1995, the MetLife Stock Index Portfolio Class B is available. See the Expense Table— Brighthouse Funds Trust II (p. A-6) for expense differences for these classes.

A-13

For Contracts issued prior to May 1, 1995, the MFS Total Return Portfolio Class A is available. For Contracts issued on and after May 1, 1995, the MFS Total Return Portfolio Class E is available. See the Expense Table—Brighthouse Funds Trust II (p. A-6) for Expense differences for these classes.

* * *

For more information regarding the Investment Adviser and the subadviser of the Brighthouse Funds Trust I and Brighthouse Funds Trust II Portfolios, see the Statement of Additional Information for the Contracts, and also see the Brighthouse Funds Trust I and Brighthouse Funds Trust II prospectuses and Statements of Additional Information.

Capital Research and Management Company is the Investment Adviser for the American Funds Insurance Series Funds. For more information about the Investment Adviser, see the American Funds Insurance Series^® prospectus and its Statement of Additional Information.

Fidelity Management & Research Company is the Investment Manager for the Portfolio of the Variable Insurance Products Fund. For more information about the Investment Manager, see the Variable Insurance Products fund prospectus and its Statement of Additional Information.

You can also get information about Brighthouse Funds Trust I, Brighthouse Funds Trust II, American Funds Insurance Series^® or the Fidelity Variable Insurance Products Fund (including a copy of the Statement of Additional Information) by accessing the Securities and Exchange Commission’s website at http://www.sec.gov.

Certain Payments We Receive with Regard to Eligible Funds

An investment adviser or subadviser of an Eligible Fund, or its affiliates, may make payments to us and/or certain of our affiliates. These payments may be used for a variety of purposes, including payment of expenses for certain administrative, marketing, and support services with respect to the Contracts and, in our role as an intermediary, with respect to the Eligible Funds. We and our affiliates may profit from these payments. These payments may be derived, in whole or in part, from the advisory fee deducted from Eligible Fund assets. Contract Owners, through their indirect investment in the Eligible Funds, bear the costs of these advisory fees (see the prospectuses for the Eligible Funds for more information). The amount of the payments we receive is based on a percentage of assets of the Eligible Funds attributable to the Contracts and certain other variable insurance products that we and our affiliates issue. These percentages differ and some advisers or subadvisers (or their affiliates) may pay us more than others. These percentages currently range up to 0.50%.

Additionally, an investment adviser or subadviser of an Eligible Fund or its affiliates may provide us with wholesaling services that assist in the distribution of the Contracts and may pay us and/or certain of our affiliates amounts to participate in sales meetings. These amounts may be significant and may provide the adviser or subadviser (or its affiliate) with increased access to persons involved in the distribution of the Contracts.

Certain Portfolios have adopted a Distribution Plan under Rule 12b-1 of the 1940 Act. A Portfolio’s 12b-1 Plan, if any, is described in more detail in the prospectuses for the Portfolios. See the “Table of Expenses.” Any payments we receive pursuant to those 12b-1 Plans are paid to us or our distributor MetLife Investors Distribution Company (“MLIDC”). Payments under a Portfolio’s 12b-1 Plan decrease the Portfolio’s investment returns. MLIDC is the principal underwriter and distributor of the Contract. MLIDC’s principal executive offices are located at 200 Park Avenue, New York, NY 10166. MLIDC, which is our affiliate, is registered under the Securities Exchange Act of 1934 as a broker-dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”). FINRA provides background information about broker-dealers and their registered representatives through FINRA BrokerCheck. You may contact the FINRA BrokerCheck Hotline at 1-800-289-9999, or log on to . An investor brochure that includes information describing FINRA BrokerCheck is available through the Hotline or on-line.

A-14

On August 4, 2017, MetLife, Inc. completed the separation of Brighthouse Financial, Inc. and its subsidiaries (“Brighthouse”) where MetLife, Inc. retained an ownership interest of 19.2% common stock outstanding of Brighthouse Financial, Inc. In June 2018, MetLife, Inc. sold Brighthouse Financial, Inc. common stock in exchange for MetLife, Inc. senior notes and Brighthouse was no longer considered a related party. At December 31, 2018, MetLife, Inc. no longer held any shares of Brighthouse Financial, Inc. for its own account; however, certain insurance company separate accounts managed by MetLife held shares of Brighthouse Financial, Inc. Brighthouse subsidiaries include Brighthouse Investment Advisers, LLC, which serves as the investment adviser for the Brighthouse Funds Trust I and Brighthouse Funds Trust II. We and Our affiliated companies have entered into agreements with Brighthouse Advisers, LLC, Brighthouse Funds Trust I and Brighthouse Funds Trust II whereby We receive payments for certain administrative, marketing and support services described in the previous paragraphs. Currently, the Portfolios in Brighthouse Funds Trust I and Brighthouse Funds Trust II are only available in variable annuity contracts and variable life insurance policies issued by Metropolitan Life Insurance Company and its affiliates, as well as Brighthouse Life Insurance Company and its affiliates. As of December 31, 2019, approximately 89% of Portfolio assets held in Separate Accounts of Metropolitan Life Insurance Company and its affiliates were allocated to Portfolios in Brighthouse Funds Trust I and Brighthouse Funds Trust II. Should We or Brighthouse Investment Advisers, LLC decide to terminate the agreements, we would be required to find alternative Portfolios which could have higher or lower costs to the Contract Owner. In addition, the amount of payments We receive could cease or be substantially reduced which may have a material impact on Our financial statements.

Retirement Plans Offering Federal Tax Benefits

The Federal tax laws provide for a variety of retirement plans offering tax benefits. These plans, which may be funded through the previous purchase of the individual variable annuity contracts offered in this prospectus, include:

1. Plans qualified under Section 401(a), 401(k), or 403(a) (“Qualified Plans”) of the Internal Revenue Code (the “Code”). (At this time, the Contracts are only available on a limited basis to plans qualified under Section 401(k). Contracts are not being offered to 401(k) plans unless such plans already own Contracts on participants.);

2. Annuity purchase plans adopted by public school systems and certain tax-exempt organizations pursuant to Section 403(b) of the Code (“TSA Plans”) which are funded solely by salary reduction contributions and which are not otherwise subject to ERISA. (The Contracts are no longer being offered through TSA Plans that are subject to ERISA.);

3. Individual retirement accounts adopted by or on behalf of individuals pursuant to Section 408(a) of the Code and individual retirement annuities purchased pursuant to Section 408(b) of the Code (both of which may be referred to as “IRAs”), including simplified employee pension plans, which are specialized IRAs that meet the requirements of Section 408(k) of the Code (“SEPs” and “SARSEPs”). SARSEPs are only allowed if owned prior to January 1, 1997;

4. Roth Individual Retirement Accounts under Section 408A of the Code (“Roth IRAs”). (In some states Roth IRAs are available under this Contract only if you have an existing IRA.)

5. Eligible deferred compensation plans (within the meaning of Section 457 of the Code) for employees of state and local governments and tax-exempt organizations (“Section 457 Plans”); and

6. Governmental plans (within the meaning of Section 414(d) of the Code) for governmental employees, including Federal employees (“Governmental Plans”).

An investor should consult a qualified tax or other advisor as to the suitability of a Contract as a funding vehicle for retirement plans qualifying for tax benefited treatment, as to the rules underlying such plans and as to the state and Federal tax aspects of such plans. At this time, the Contracts are not being offered to plans qualified under

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Section 401(k) of the Code unless such plans already own Contracts on participants, and are no longer being offered through TSA Plans that are subject to ERISA. The Company will not provide all the administrative support appropriate for 401(k) plans or TSA Plans subject to ERISA. Accordingly, the Contract should not be purchased for use with such plans.

For any tax qualified account (e.g. 401(k) plan or IRA), the tax deferred accrual feature is provided by the tax qualified retirement plan. Therefore, there should be reasons other than tax deferral for acquiring an annuity contract within a qualified plan.

A summary of the Federal tax laws regarding contributions to, and distributions from, the above tax benefited retirement plans may be found below under the heading “Federal Income Tax Considerations—Taxation of Qualified Contracts.” It should be understood that should a tax benefited retirement plan lose its qualification for tax-exempt status, employees will lose some of the tax benefits described herein.

In the case of certain IRAs purchased under Section 408(b) of the Code and Roth IRAs under Section 408A of the Code, the individual variable annuity contracts offered in this prospectus comprise the retirement “plan” itself. These Contracts will be endorsed, if necessary, to comply with Federal and state legislation governing such plans, and such endorsements may alter certain Contract provisions described in this prospectus. Refer to the Contracts and any endorsements for more complete information.

Because the underlying tax-favored retirement plan itself provides tax deferral, whether or not a variable annuity is purchased, you should consider whether the features and benefits unique to variable annuities are appropriate for your needs when purchasing a Qualified Contract.

Any Code reference to “spouse” includes those persons who enter into lawful marriages under state law, regardless of sex.

Federal Income Tax Considerations

The following discussion is general in nature and is not intended as tax advice. Each person concerned should consult a competent tax advisor. No attempt is made to consider any applicable state tax or other tax laws, or to address any federal estate, or state and local estate, inheritance and other tax consequences of ownership or receipt of distributions under a Contract.

When you invest in an annuity contract, you usually do not pay taxes on your investment gains until you withdraw the money—generally for retirement purposes. Under current federal income tax law, the taxable portion of distributions from variable annuity contracts is taxed at ordinary income tax rates and does not qualify for the reduced tax rate applicable to long-term capital gains and dividends. If you invest in a variable annuity as part of an individual retirement plan, pension plan or employer-sponsored retirement program, your contract is called a Qualified Contract. If your annuity is independent of any formal retirement or pension plan, it is termed a Non-Qualified Contract. The tax rules applicable to Qualified Contracts vary according to the type of retirement plan and the terms and conditions of the plan.

Under current federal income tax law, the taxable portion of distributions under qualified plans (including IRAs) is not eligible for the reduced tax rate applicable to long-term capital gains and qualifying dividends.

Owner Control.    In some circumstances, owners of variable contracts who retain excessive control over the investment of the underlying separate account assets may be treated as the owners of those assets and may be subject to tax on income produced by those assets. Although published guidance in this area does not address

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certain aspects of the Contracts, we believe that the Owner of a Contract should not be treated as the owner of the separate account assets. We reserve the right to modify the Contracts to bring them into conformity with applicable standards should such modification be necessary to prevent Owners of the Contracts from being treated as the owners of the underlying separate account assets.

Taxation of Non-Qualified Contracts

Non-Natural Person.    If a non-natural person (e.g., a corporation or a trust) owns a Non-Qualified Contract, the taxpayer generally must include in income any increase in the excess of the account value over the investment in the Contract (generally, the premiums or other consideration paid for the Contract) during the taxable year. There are some exceptions to this rule and a prospective owner that is not a natural person should discuss these with a tax adviser.

Naming a non-natural person, such as a trust or estate, as a designated beneficiary, may eliminate the ability to stretch the payment over an individual’s life or life expectancy, and may also eliminate the ability to continue these benefits beyond the otherwise allowed payout period under the Internal Revenue Code. If a non-natural person, such as a trust, is the owner of a non-qualified contract, the distribution on death rules under the Internal Revenue Code may require payment to begin earlier than expected and may impact the usefulness of the death benefits.

The following discussion generally applies to Contracts owned by natural persons.

Withdrawals.     When a withdrawal from a Non-Qualified Contract occurs, the amount received will be treated as ordinary income subject to tax up to an amount equal to the excess (if any) of the account value immediately before the distribution over the Owner’s investment in the Contract (generally, the premiums or other consideration paid for the Contract, reduced by any amount previously distributed from the Contract that was not subject to tax) at that time. In the case of a surrender under a Non-Qualified Contract, the amount received generally will be taxable only to the extent it exceeds the Owner’s investment in the Contract.

It is conceivable that the charges for certain optional benefits such as the guaranteed death benefit may be considered as deemed distributions subject to immediate taxation. We currently treat these charges as an intrinsic part of the annuity contract and do not tax report these as taxable income. However, it is possible that this may change in the future if we determine that this is required by the IRS. If so, the charge could also be subject to a 10% penalty tax if the taxpayer is under age 59 ¹⁄2.

Penalty Tax on Certain Withdrawals.    In the case of a distribution (or a deemed distribution) from a Non-Qualified Contract, there may be imposed a federal tax penalty (in addition to ordinary income tax) equal to 10% of the amount treated as income. In general, however, there is no penalty on distributions:

• made on or after the taxpayer reaches age 59¹⁄2;

• made on or after the death of an Owner;

• attributable to the taxpayer’s becoming disabled;

• made as part of a series of substantially equal periodic payment (at least annually) for the life (or life expectancy) of the taxpayer or the joint lives (or life expectancies) of the taxpayer and his or her designated beneficiary; or

• under certain single premium immediate annuities providing for substantially equal payments made at least annually and where the annuity date is no later than one year from the date of purchase.

Other exceptions may be applicable under certain circumstances and special rules may be applicable in connection with the exceptions enumerated above. Also, additional exceptions apply to distributions from a Qualified Contract. You should consult a tax adviser with regard to exceptions from the penalty tax.

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Annuity Payments.    Although tax consequences may vary depending on the payout option elected under an annuity contract, a portion of each annuity payment is generally not taxed and the remainder is taxed as ordinary income. The non-taxable portion of any annuity payment is generally determined in a manner that is designed to allow you to recover your investment in the Contract ratably on a tax-free basis over the expected stream of annuity payments, as determined when annuity payments start. Once your investment in the Contract has been fully recovered, however, the full amount of each annuity payment is subject to tax as ordinary income.

Once income payments commence, you may not be able to transfer withdrawals to another non-qualified annuity contract as part of a tax-free Section 1035 exchange.

In general, the amount of each payment under a variable annuity payment option that can be excluded from Federal income tax is the remaining after-tax cost in the amount annuitized at the time such payments commence, divided by the number of expected payments, subject to certain adjustments. No deduction is permitted for any excess of such excludable amount for a year over the annuity payments actually received in that year. However, you may elect to increase the excludable amount attributable to future years by a ratable portion of such excess. Consult your tax advisor as to how to make such election and also as to how to treat the loss due to any unrecovered investment in the contract when the income stream is terminated.

The federal income tax treatment of an annuity payment option that contains a commutation feature (i.e., an annuity payment option that permits the withdrawal of a commuted value) is uncertain. Specifically, it is possible that (a) all payments made under the annuity payment option will be taxed as withdrawals, on an income-first basis, rather than as annuity payments, a portion of which would be excludable from income as a return of investment in the contract, or (b) the ability to fully recover the investment in the contract over the annuity payment period may be limited due to the reduction or elimination of future annuity payments that would have each had an excludable amount.

Additionally, it is uncertain whether the exercise of a commutation feature under a joint and survivor variable life annuity payment option constitutes an exchange into a deferred annuity, thus requiring payout of any remaining interest in the deferred annuity within five years of an Owner’s death (or the primary annuitant’s death where the Owner is not a natural person) or over the designated beneficiary’s life (or over a period no longer than the beneficiary’s remaining life expectancy) with such payments beginning within 12 months of the date of death if an Owner dies during the certain period for such payout option. Accordingly, we reserve the right to restrict the availability of the commutation feature or to require the value of all remaining income payments be paid to the designated beneficiary or to the surviving joint annuitant, as the case may be, in a lump sum after proof of an Owner’s death (or of a primary annuitant’s death, where the owner is not a natural person) during the certain period to comply with these tax law requirements.

Annuity income payments and amount received on the exercise of a withdrawal or partial withdrawal from an annuity option under your non-qualified contract may not be transferred in a tax-free exchange into another annuity contract. In accordance with our procedures, such amounts will instead be taxable under the rules for annuity income payments or withdrawals, whichever is applicable.

Additionally, if you are under age 59 ¹⁄2 at the time annuity income payments commence and intend the annuity income payments to constitute an exception to the 10% penalty tax, any attempt to make a tax-free transfer or rollover (whether for non-qualified or qualified annuities) prior to the later of (a) age 59 ¹⁄2, or (b) five years after annuity income payments commence, will generally invalidate the exception and subject you to additional penalties and interest.

The IRS has not furnished explicit guidance as to how the excludable amount is to be determined each year under variable income annuities that permit transfers between Divisions after the annuity starting date. Consult your own tax advisor.

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3.8% Tax on Net Investment Income. Federal tax law imposes a 3.8% Medicare tax on the lesser of:

1. the taxpayer’s “net investment income,” (from nonqualified annuities, interest, dividends, and other applicable investments, offset by specified allowable deductions), or

2. the taxpayer’s modified adjusted gross income in excess of a specified income threshold ($250,000 for married couples filing jointly and qualifying widows, $125,000 for married couples filing separately, and $200,000 for single filers).

“Net investment income” in Item 1 does not include distributions from tax-qualified plans (i.e., IRAs, Roth IRAs or arrangements described in Code Sections 401(a), 403(b), or 457(b)), but such income will increase modified adjusted gross income in Item 2.

You should consult your tax advisor regarding the applicability of this tax to income you would receive under this annuity contract.

Partial Annuitization.    Starting in 2011, if your contract allows and you elect to apply less than the entire account value of your contract to a pay-out option provided under the contract (“partial annuitization”), an exclusion ratio or excludable amount will apply to the annuity payments you receive, provided the payout period is for 10 years or more, or for the life of one or more individuals. Your after-tax purchase payments in the contract will be allocated pro rata between the annuitized portion of the contract and the portion that remains deferred. Consult your own independent tax advisor before you partially annuitize your contract.

Taxation of Death Benefit Proceeds.    Amounts may be distributed from a Contract because of your death or the death of the Annuitant. Generally, such amounts are includible in the income of the recipient as follows: (i) if distributed in a lump sum, they are taxed in the same manner as a surrender of the Contract, or (ii) if distributed under a payout option, they are taxed in the same way as annuity payments. See the Statement of Additional Information as well as “Payment on Death Prior to Annuitization” in the prospectus for a general discussion on the federal income tax rules applicable to how death benefits must be distributed.

Transfers, Assignments or Exchanges of a Contract.    Where otherwise permitted under the terms of the Contract, a transfer or assignment of ownership of a Contract, the designation or change of an annuitant, the selection of certain maturity dates, or the exchange of a Contract may result in certain adverse tax consequences to you that are not discussed herein. An owner contemplating any such transfer, assignment, exchange, or event should consult a tax advisor as to the tax consequences.

Withholding.    Annuity distributions are generally subject to withholding for the recipient’s federal income tax liability. Recipients can generally elect, however, not to have tax withheld from distributions.

Multiple Contracts.    The tax law provides deferred annuities issued after October 21, 1988 by the same insurance company or an affiliate in the same calendar year to the same owner are combined for tax purposes. As a result, a greater portion of your withdrawals may be considered taxable income than you would otherwise expect. Please consult your own tax advisor.

Further Information.    We believe that the Contracts will qualify as annuity contracts for Federal income tax purposes and the above discussion is based on that assumption. Further details may be found in the Statement of Additional Information under the heading “Tax Status of the Contracts.”

Taxation of Qualified Contracts

The tax rules applicable to Qualified Contracts vary according to the type of retirement plan and the terms and conditions of the plan. Your rights under a Qualified Contract may be subject to the terms of the retirement plan itself, regardless of the terms of the Qualified Contract. Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions with respect to the Contract comply with the law.

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Withdrawals.     In the case of a withdrawal under a Qualified Contract, a ratable portion of the amount received is taxable, generally based on the ratio of the “investment in the contract” to the individual’s total account balance or accrued benefit under the retirement plan. The “investment in the contract” generally equals the amount of any non-deductible Purchase Payments paid by or on behalf of any individual. In many cases, the “investment in the contract” under a Qualified Contract can be zero.

Individual Retirement Accounts (IRAs), as defined in Section 408 of the Internal Revenue Code (Code), permit individuals to make annual contributions of up to the lesser of the applicable dollar amount for the year (for 2020, $6,000 plus, for Owners age 50 or older, $1,000) or the amount of compensation includible in the individual’s gross income for the year. The contributions may be deductible in whole or in part, depending on the individual’s income. If contributions are being made under a SEP or SARSEP plan of your employer, additional amounts may be contributed as permitted by the Code and the terms of the employer’s plan. Distributions from certain retirement plans may be “rolled over” into an IRA on a tax-deferred basis without regard to these limits. Amounts in the IRA (other than non-deductible contributions) are taxed when distributed from the IRA. A 10% penalty tax generally applies to distributions made before age 59 ¹⁄2, unless an exception applies. The Contract may provide death benefits that could exceed the greater of premiums paid or the Contract Value. The final required minimum distribution income tax regulations generally treat such benefit as part of the annuity contract and not as life insurance and require the value of such benefit to be included in the participant’s interest that is subject to the required minimum distribution rules.

The IRS has approved the form of the traditional IRA endorsement and SIMPLE IRA endorsement for use with the Contract and certain riders, including riders providing for death benefits in excess of premiums paid. Please be aware that the IRA or Simple IRA Contract issued to you may differ from the form of the traditional IRA or Simple IRA approved by the IRS because of several factors such as different riders and state insurance requirements. Additionally, such approval as to the form of the contract by the IRS does not constitute any approval or endorsement as to the investment program thereunder.

SIMPLE IRAs permit certain small employers to establish SIMPLE plans as provided by Section 408(p) of the Code, under which employees may elect to defer to a SIMPLE IRA a percentage of compensation up to $13,500 for 2020. The sponsoring employer is generally required to make matching or non-elective contributions on behalf of employees. Distributions from SIMPLE IRAs are subject to the same restrictions that apply to IRA distributions and are taxed as ordinary income. Subject to certain exceptions, premature distributions prior to age 59- ¹⁄2 are subject to a 10% penalty tax, which is increased to 25% if the distribution occurs within the first two years after the commencement of the employee’s participation in the plan.

Roth IRAs, as described in Code section 408A, permit certain eligible individuals to make non-deductible contributions to a Roth IRA in cash or as a rollover or transfer from another Roth IRA or other IRA. A rollover from or conversion of an IRA to a Roth IRA is generally subject to tax, and other special rules apply. The Owner may wish to consult a tax adviser before combining any converted amounts with any other Roth IRA contributions, including any other conversion amounts from other tax years. Distributions from a Roth IRA generally are not taxed, except that, once aggregate distributions exceed contributions to the Roth IRA, income tax and a 10% penalty tax may apply to distributions made (1) before age 59- ¹⁄2 (subject to certain exceptions) and (2) within the first five taxable years starting with the year for which the first contribution is made to any Roth IRA. A 10% penalty tax may apply to amounts attributable to a conversion from an IRA if they are distributed during the five taxable years beginning with the year in which the conversion was made.

Corporate pension and profit-sharing plans under Section 401(a) of the Code allow corporate employers to establish various types of retirement plans for employees, and self-employed individuals to establish qualified plans for themselves and their employees. Adverse tax consequences to the retirement plan, the participant or both may result if the Contract is transferred to any individual as a means to provide benefit payments, unless the plan complies with all the requirements applicable to such benefits prior to transferring the Contract.

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Tax Sheltered Annuities under section 403(b) of the Code allow employees of certain Section 501(c)(3) organizations and public schools to exclude from their gross income the premium payments made, within certain limits, on a contract that will provide an annuity for the employee’s retirement. These premium payments may be subject to FICA (social security) tax. Distributions of (1) salary reduction contributions made in years beginning after December 31, 1988; (2) earnings on those contributions; and (3) earnings on amounts held as of the close of the last year beginning before January 1, 1989, are not allowed prior to age 59 ¹⁄2, severance from employment, death or disability. Salary reduction contributions may also be distributed upon hardship, but would generally be subject to penalties.

The IRS adopted regulations in 2007 affecting 403(b) plans and arrangements. As part of these regulations, employers must meet certain requirements in order for their employees’ annuity contracts that fund these programs to retain a tax deferred status under 403(b). These regulations were generally effective January 1, 2009. Prior to 2007 rules, transfers of one annuity contract to another would not result in a loss of tax deferred status under 403(b) under certain conditions (so-called “90-24 transfers”). The 2007 regulations have the following effect regarding transfers: (1) a newly issued contract funded by a transfer which is completed AFTER September 24, 2007, is subject to the employer requirements referred to above; (2) additional purchase payments made AFTER September 24, 2007, to a contract that was funded by a 90-24 transfer ON OR BEFORE September 24, 2007, MAY subject the contract to this new employer requirement.

In consideration of these regulations, we have determined to only make available the Contract for purchase (including transfers) where your employer currently permits salary reduction contributions to be made to the Contract.

If your Contract was issued previously as a result of a 90-24 transfer completed on or before September 24, 2007, and you have never made salary reduction contributions into your Contract, we urge you to consult with your tax advisor prior to making additional purchase payments.

Section 457(b) Plan.    An eligible section 457 plan, while not actually providing for a qualified plan as that term is normally used, provides for certain eligible deferred compensation plans with respect to service for state governments, local governments, political subdivisions, agencies, instrumentalities and certain affiliates of such entities, and tax exempt organizations. The Contract can be used with such plans. Under such plans a participant may specify the form of investment in which his or her participation will be made. Under a non-governmental plan, all such investments, however, are owned by and are subject to, the claims of the general creditors of the sponsoring employer which must be a tax-exempt entity under Section 501(c) of the Code. In general, all amounts received under a non-governmental Section 457(b) plan are taxable and are subject to federal income tax withholding as wages.

Death Benefits.    For contracts purchased in connection with Qualified Plans under Section 401(a) or TSA Plans under Section 403(b), certain death benefits could conceivably be characterized as an incidental benefit, the amount of which is limited in certain pension or profit-sharing plans. Because the death benefit in certain cases may exceed this limitation, employers using the Contract in connection with such plans should consult their tax adviser.

Loans.    If your Qualified Plan or TSA Plan Contract permits loans, the amount of such loans, the repayment terms and the treatment of defaults are subject to limitations and rules under Section 72(p) of the Code and the regulations thereunder. The terms of your loan will be governed by your loan agreement and the requirements of the tax law (and ERISA, where applicable). Failure to satisfy these requirements will result in adverse tax consequences. Consult your tax adviser prior to applying for a loan.

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Required Minimum Distributions (“RMDs”).    Qualified Contracts (including Contracts under Section 457(b) plans) have minimum distribution rules that govern the timing and amount of distributions. You should refer to your retirement plan, adoption agreement, or consult a tax adviser for more information about these distribution rules. Failure to meet such rules generally results in the imposition of a 50% excise tax on the amount which should have been, but was not, distributed.

Under final income tax regulations regarding minimum distribution requirements, in general, the value of all benefits under a deferred annuity (including death benefits in excess of Contract Value, as well as all living benefits) must be added to the Contract Value in computing the amount required to be distributed over the applicable period.

The final required minimum distribution regulations permit income payments to increase due to “actuarial gain” which includes the investment performance of the underlying assets, as well as changes in actuarial factors and assumptions under certain conditions. Additionally, withdrawals may also be permitted under certain conditions. The new rules are not entirely clear, and you should consult with your own tax advisor to determine whether your variable income annuity will satisfy these rules for your own situation.

Other Tax Issues.     Distributions from Qualified Contracts generally are subject to withholding for the Owner’s Federal income tax liability. The withholding rate varies according to the type of distribution and the Owner’s tax status. The Owner will be provided the opportunity to elect not to have tax withheld from distributions.

“Taxable eligible rollover distributions” from section 401(a), 403(a), 403(b) and governmental Section 457(b) plans are subject to a mandatory federal income tax withholding of 20%. An eligible rollover distribution is any distribution to an employee (or employee’s spouse or former spouse as beneficiary or alternate payee) from such a plan, except certain distributions such as distributions required by the Code, distributions in a specified annuity form, or hardship distributions. The 20% withholding does not apply, however, if the employee chooses a “direct rollover” from the plan to a tax-qualified plan, IRA or tax sheltered annuity or to a governmental 457 plan that agrees to separately account for rollover contributions. Effective March 28, 2005, certain mandatory distributions made to participants in an amount in excess of $1,000 must be rolled over to an IRA designated by the Plan, unless the participant elects to receive it in cash or roll it over to a different IRA or eligible retirement plan of his or her own choosing. General transitional rules apply as to when plans have to be amended. Special effective date rules apply for governmental plans and church plans.

Tax Credits and Deductions.    We may be entitled to certain tax benefits related to the assets of the Variable Account. These tax benefits, which may include foreign tax credits and corporate dividend received deductions, are not passed back to the Variable Account or to Contract Owners since the Company is the owner of the assets from which the tax benefits are derived.

Commutation Features Under Annuity Payment Options.    Please be advised that the tax consequences resulting from the election of an annuity payment option containing a commutation feature are uncertain and the IRS may determine that the taxable amount of the annuity payments and withdrawals received for any year could be greater than or less than the taxable amount reported by the Company. The exercise of the commutation feature also may result in adverse tax consequences including:

• The imposition of a 10% penalty tax on the taxable amount of the commuted value, if the taxpayer has not attained age 59¹⁄2 at the time the withdrawal is made. This 10% penalty tax is in addition to the ordinary income tax on the taxable amount of the commuted value.

• The retroactive imposition of the 10% penalty tax on annuity payments received prior to the taxpayer attaining age 59¹⁄2.

• The possibility that the exercise of the commutation feature could adversely affect the amount excluded from Federal income tax under any annuity payments made after such commutation.

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See also the discussion of commutation features under “Annuity Payments.” A payee should consult with his or her own tax advisor prior to electing to annuitize the contract and prior to exercising any commutation feature under an annuity payment option.

Federal Estate Taxes.    While no attempt is being made to discuss the Federal estate tax implications of the Contract, you should keep in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary by virtue of surviving the decedent is included in the decedent’s gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning advisor for more information.

Generation-skipping transfer tax.    Under certain circumstances, the Code may impose a “generation skipping transfer tax” when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the contract owner. Regulations issued under the Code may require us to deduct the tax from your contract, or from any applicable payment, and pay it directly to the IRS.

Annuity purchases by residents of Puerto Rico.    In Rev. Rul. 2004-75, 2004-31 I.R.B. 109, the Internal Revenue Service announced that income received by residents of Puerto Rico under life insurance or annuity contracts issued by a Puerto Rico branch of a United States life insurance company is U.S.-source income that is generally subject to United States Federal income tax.

Annuity purchases by nonresident aliens and foreign corporations.    The discussion above provides general information regarding U.S. Federal income tax consequences to annuity purchasers that are U.S. citizens or residents. Purchasers that are not U.S. citizens or residents will generally be subject to U.S. Federal withholding tax on taxable distributions from annuity contracts at a 30% rate, unless a lower treaty rate applies. In addition, purchasers may be subject to state and/or municipal taxes and taxes that may be imposed by the purchaser’s country of citizenship or residence. Prospective purchasers are advised to consult with a qualified tax adviser regarding U.S. state, and foreign taxation with respect to an annuity contract purchase.

Possible Tax Law Changes

Although the likelihood of legislative changes is uncertain, there is always the possibility that the tax treatment of the Contract could change by legislation or otherwise. Consult a tax adviser with respect to legislative developments and their effect on the Contract.

We have the right to modify the Contract in response to legislative changes that could otherwise diminish the favorable tax treatment that annuity Contract Owners currently receive. We make no guarantee regarding the tax status of any Contract and do not intend the above discussion as tax advice.

Other Matters

The novel coronavirus COVID-19 pandemic is causing illnesses and deaths. This pandemic, other pandemics, and their related major public health issues are having a major impact on the global economy and financial markets. Governmental and non-governmental organizations may not effectively combat the spread and severity of such a pandemic, increasing its harm to the Company. Any of these events could materially adversely affect the Company’s operations, business, financial results, or financial condition.

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FINANCIAL STATEMENTS

Financial statements for the Variable Account and Metropolitan Life Insurance Company are included in the Statement of Additional Information, a copy of which can be obtained by writing to MetLife Investors Distribution Company, 200 Park Avenue, New York, NY 10166 or telephoning 1-800-777-5897.

ACCUMULATION UNIT VALUES

(For an Accumulation Unit Outstanding Throughout the Period)

METROPOLITAN LIFE SEPARATE ACCOUNT E‡
Condensed Financial Information

‡ Effective November 9, 2009, the Company transferred the assets of each of the Sub-Accounts of The New England Variable Account with and into the Divisions of Metropolitan Life Separate Account E.

Set forth below are accumulation unit values through December 31, 2019 for each Division of Metropolitan Life Separate Account E.

Information on units and unit values is useful because they affect the calculation of Contract Values. The value of a Contract is determined by multiplying the number of Accumulation Units in each Division credited to the Contract by the Accumulation Unit Value of the Division. The Accumulation Unit Value of a Division depends in part on the net investment experience of the Eligible Fund in which it invests. See “Contract Value and Accumulation Unit Value” for more information.

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
ZAVA
American Funds Bond Portfolio (Class 2)
01/01/2010 to 12/31/2010	15.343360	16.072959	37,306
01/01/2011 to 12/31/2011	16.072959	16.783999	24,616
01/01/2012 to 12/31/2012	16.783999	17.403721	38,001
01/01/2013 to 12/31/2013	17.403721	16.757799	23,746
01/01/2014 to 12/31/2014	16.757799	17.362262	19,431
01/01/2015 to 12/31/2015	17.362262	17.133526	19,235
01/01/2016 to 12/31/2016	17.133526	17.358019	17,724
01/01/2017 to 12/31/2017	17.358019	17.709312	12,554
01/01/2018 to 12/31/2018	17.709312	17.302455	10,764
01/01/2019 to 12/31/2019	17.302455	18.621283	28,325
American Funds Global Small Capitalization Portfolio (Class 2)
01/01/2010 to 12/31/2010	2.516436	3.031619	1,261,864
01/01/2011 to 12/31/2011	3.031619	2.412378	1,041,248
01/01/2012 to 12/31/2012	2.412378	2.805424	792,409
01/01/2013 to 12/31/2013	2.805424	3.541667	711,772
01/01/2014 to 12/31/2014	3.541667	3.559431	608,490
01/01/2015 to 12/31/2015	3.559431	3.512234	368,206
01/01/2016 to 12/31/2016	3.512234	3.529014	313,965
01/01/2017 to 12/31/2017	3.529014	4.372522	295,528
01/01/2018 to 12/31/2018	4.372522	3.848873	284,351
01/01/2019 to 12/31/2019	3.848873	4.981631	239,743
American Funds Growth Portfolio (Class 2)
01/01/2010 to 12/31/2010	12.735064	14.874350	423,920
01/01/2011 to 12/31/2011	14.874350	14.012636	317,544
01/01/2012 to 12/31/2012	14.012636	16.256136	277,378
01/01/2013 to 12/31/2013	16.256136	20.814002	245,619

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	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
01/01/2014 to 12/31/2014	20.814002	22.226579	212,521
01/01/2015 to 12/31/2015	22.226579	23.373900	147,840
01/01/2016 to 12/31/2016	23.373900	25.185384	133,093
01/01/2017 to 12/31/2017	25.185384	31.799541	114,880
01/01/2018 to 12/31/2018	31.799541	31.214576	103,312
01/01/2019 to 12/31/2019	31.214576	40.172618	74,846
American Funds Growth-Income Portfolio (Class 2)
01/01/2010 to 12/31/2010	9.038553	9.911591	350,549
01/01/2011 to 12/31/2011	9.911591	9.576075	265,450
01/01/2012 to 12/31/2012	9.576075	11.070735	217,382
01/01/2013 to 12/31/2013	11.070735	14.544951	207,743
01/01/2014 to 12/31/2014	14.544951	15.836329	179,231
01/01/2015 to 12/31/2015	15.836329	15.811667	146,385
01/01/2016 to 12/31/2016	15.811667	17.353480	123,869
01/01/2017 to 12/31/2017	17.353480	20.901544	108,997
01/01/2018 to 12/31/2018	20.901544	20.200398	94,038
01/01/2019 to 12/31/2019	20.200398	25.075731	82,047
Baillie Gifford International Stock Portfolio (Class A) (formerly Julius Baer International Stock Portfolio and before that FI International Stock Sub-Account and before that Putnam International Stock Sub-Account and before that Morgan Stanley International Magnum Equity Sub-Account)
01/01/2010 to 12/31/2010	1.357766	1.436168	2,081,244
01/01/2011 to 12/31/2011	1.436168	1.135379	1,758,621
01/01/2012 to 12/31/2012	1.135379	1.338699	1,465,179
01/01/2013 to 12/31/2013	1.338699	1.526021	1,277,453
01/01/2014 to 12/31/2014	1.526021	1.458824	910,640
01/01/2015 to 12/31/2015	1.458824	1.410907	743,941
01/01/2016 to 12/31/2016	1.410907	1.466847	653,215
01/01/2017 to 12/31/2017	1.466847	1.955934	576,029
01/01/2018 to 12/31/2018	1.955934	1.601320	519,023
01/01/2019 to 12/31/2019	1.601320	2.098381	459,679
BlackRock Bond Income Portfolio (Class A)
01/01/2010 to 12/31/2010	5.364309	5.733625	3,308,173
01/01/2011 to 12/31/2011	5.733625	6.028218	2,910,885
01/01/2012 to 12/31/2012	6.028218	6.395712	2,517,435
01/01/2013 to 12/31/2013	6.395712	6.261595	2,150,532
01/01/2014 to 12/31/2014	6.261595	6.615297	1,818,457
01/01/2015 to 12/31/2015	6.615297	6.565331	1,614,562
01/01/2016 to 12/31/2016	6.565331	6.679538	1,327,853
01/01/2017 to 12/31/2017	6.679538	6.860669	1,234,595
01/01/2018 to 12/31/2018	6.860669	6.743998	999,067
01/01/2019 to 12/31/2019	6.743998	7.307379	865,183
BlackRock Capital Appreciation Portfolio (Class A)
01/01/2010 to 12/31/2010	2.804514	3.315331	5,886,682
01/01/2011 to 12/31/2011	3.315331	2.978340	4,933,420
01/01/2012 to 12/31/2012	2.978340	3.360496	4,250,848
01/01/2013 to 12/31/2013	3.360496	4.449966	3,426,081
01/01/2014 to 12/31/2014	4.449966	4.780936	2,971,479
01/01/2015 to 12/31/2015	4.780936	5.012998	2,617,716
01/01/2016 to 12/31/2016	5.012998	4.949993	2,351,013
01/01/2017 to 12/31/2017	4.949993	6.540886	2,066,300
01/01/2018 to 12/31/2018	6.540886	6.609140	1,870,363
01/01/2019 to 12/31/2019	6.609140	8.662649	1,696,541
BlackRock Ultra-Short Term Bon Portfolio (Class A)
01/01/2010 to 12/31/2010	2.552627	2.518666	4,439,672
01/01/2011 to 12/31/2011	2.518666	2.484983	3,983,593
01/01/2012 to 12/31/2012	2.484983	2.451479	2,811,685
01/01/2013 to 12/31/2013	2.451479	2.418605	2,616,363

A-25

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
01/01/2014 to 12/31/2014	2.418605	2.386173	2,442,639
01/01/2015 to 12/31/2015	2.386173	2.354252	2,349,846
01/01/2016 to 12/31/2016	2.354252	2.330784	1,442,013
01/01/2017 to 12/31/2017	2.330784	2.320021	1,265,172
01/01/2018 to 12/31/2018	2.320021	2.330094	1,089,456
01/01/2019 to 12/31/2019	2.330094	2.347811	1,086,720
Brighthouse Asset Allocation 100 Portfolio (Class A) (formerly MetLife Asset Allocation 100 Portfolio (Class A))
04/29/2013 to 12/31/2013	26.505620	30.957739	2,169,719
01/01/2014 to 12/31/2014	30.957739	32.142276	1,894,102
01/01/2015 to 12/31/2015	32.142276	31.181851	1,686,976
01/01/2016 to 12/31/2016	31.181851	33.591455	1,474,603
01/01/2017 to 12/31/2017	33.591455	40.835183	1,295,471
01/01/2018 to 12/31/2018	40.835183	36.336636	1,164,829
01/01/2019 to 12/31/2019	36.336636	45.812831	1,030,825
Brighthouse Asset Allocation 20 Portfolio (Class B) (formerly MetLife Asset Allocation 20 Portfolio (Class B))
01/01/2010 to 12/31/2010	11.365537	12.340301	34,666
01/01/2011 to 12/31/2011	12.340301	12.571162	38,041
01/01/2012 to 12/31/2012	12.571162	13.540148	44,870
01/01/2013 to 12/31/2013	13.540148	13.931148	44,761
01/01/2014 to 12/31/2014	13.931148	14.358970	77,055
01/01/2015 to 12/31/2015	14.358970	14.083476	73,957
01/01/2016 to 12/31/2016	14.083476	14.524065	72,579
01/01/2017 to 12/31/2017	14.524065	15.323222	70,364
01/01/2018 to 12/31/2018	15.323222	14.721924	50,830
01/01/2019 to 12/31/2019	14.721924	16.229159	50,576
Brighthouse Asset Allocation 40 Portfolio (Class B) (formerly MetLife Asset Allocation 40 Portfolio (Class B))
01/01/2010 to 12/31/2010	11.084648	12.196592	18,651
01/01/2011 to 12/31/2011	12.196592	12.159605	30,963
01/01/2012 to 12/31/2012	12.159605	13.370640	45,742
01/01/2013 to 12/31/2013	13.370640	14.632504	45,080
01/01/2014 to 12/31/2014	14.632504	15.147485	42,054
01/01/2015 to 12/31/2015	15.147485	14.783967	24,950
01/01/2016 to 12/31/2016	14.783967	15.473673	17,874
01/01/2017 to 12/31/2017	15.473673	16.891471	17,377
01/01/2018 to 12/31/2018	16.891471	15.930362	4,155
01/01/2019 to 12/31/2019	15.930362	18.167922	3,453
Brighthouse Asset Allocation 60 Portfolio (Class B) (formerly MetLife Asset Allocation 60 Portfolio (Class B))
01/01/2010 to 12/31/2010	10.734187	11.985168	262,273
01/01/2011 to 12/31/2011	11.985168	11.662922	192,437
01/01/2012 to 12/31/2012	11.662922	13.029240	182,762
01/01/2013 to 12/31/2013	13.029240	15.166351	167,069
01/01/2014 to 12/31/2014	15.166351	15.718682	155,797
01/01/2015 to 12/31/2015	15.718682	15.311295	138,113
01/01/2016 to 12/31/2016	15.311295	16.179302	118,891
01/01/2017 to 12/31/2017	16.179302	18.314501	106,157
01/01/2018 to 12/31/2018	18.314501	16.960993	98,107
01/01/2019 to 12/31/2019	16.960993	19.983793	84,813
Brighthouse Asset Allocation 80 Portfolio (Class B) (formerly MetLife Asset Allocation 80 Portfolio (Class B))
01/01/2010 to 12/31/2010	10.332698	11.692668	62,009
01/01/2011 to 12/31/2011	11.692668	11.101051	55,806
01/01/2012 to 12/31/2012	11.101051	12.636499	46,155
01/01/2013 to 12/31/2013	12.636499	15.498005	43,018
01/01/2014 to 12/31/2014	15.498005	16.089458	44,595
01/01/2015 to 12/31/2015	16.089458	15.604466	34,807
01/01/2016 to 12/31/2016	15.604466	16.648505	20,602
01/01/2017 to 12/31/2017	16.648505	19.573312	23,365
01/01/2018 to 12/31/2018	19.573312	17.742996	22,733
01/01/2019 to 12/31/2019	17.742996	21.658682	15,286

A-26

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
Brighthouse/Artisan Mid Cap Value Portfolio (Class A) (formerly Met/Artisan Mid Cap Value Portfolio (Class A))
01/01/2010 to 12/31/2010	2.808729	3.187947	3,400,592
01/01/2011 to 12/31/2011	3.187947	3.357832	2,830,254
01/01/2012 to 12/31/2012	3.357832	3.705577	2,334,792
01/01/2013 to 12/31/2013	3.705577	5.003301	1,922,180
01/01/2014 to 12/31/2014	5.003301	5.031343	1,657,497
01/01/2015 to 12/31/2015	5.031343	4.495181	1,398,205
01/01/2016 to 12/31/2016	4.495181	5.453402	1,272,471
01/01/2017 to 12/31/2017	5.453402	6.070172	1,091,314
01/01/2018 to 12/31/2018	6.070172	5.197761	945,992
01/01/2019 to 12/31/2019	5.197761	6.346038	824,922
Brighthouse/Wellington Balanced Portfolio (Class B) (formerly Met/Wellington Balanced Portfolio (Class B))
01/01/2010 to 12/31/2010	37.797674	40.764465	1,785
01/01/2011 to 12/31/2011	40.764465	41.662422	1,778
01/01/2012 to 12/31/2012	41.662422	46.077468	2,049
01/01/2013 to 12/31/2013	46.077468	54.677389	2,083
01/01/2014 to 12/31/2014	54.677389	59.489879	3,181
01/01/2015 to 12/31/2015	59.489879	60.038958	2,753
01/01/2016 to 12/31/2016	60.038958	63.226897	2,640
01/01/2017 to 12/31/2017	63.226897	71.646492	4,656
01/01/2018 to 12/31/2018	71.646492	67.848008	2,427
01/01/2019 to 12/31/2019	67.848008	82.144456	4,498
Brighthouse/Wellington Core Equity Opportunities Portfolio (Class A)
01/01/2010 to 12/31/2010	3.131080	3.459801	7,418,295
01/01/2011 to 12/31/2011	3.459801	3.275797	6,071,858
01/01/2012 to 12/31/2012	3.275797	3.647309	5,166,609
01/01/2013 to 12/31/2013	3.647309	4.811095	4,377,016
01/01/2014 to 12/31/2014	4.811095	5.251381	3,649,806
01/01/2015 to 12/31/2015	5.251381	5.305094	3,151,618
01/01/2016 to 12/31/2016	5.305094	5.618388	2,790,610
01/01/2017 to 12/31/2017	5.618388	6.600292	2,423,126
01/01/2018 to 12/31/2018	6.600292	6.505591	2,147,460
01/01/2019 to 12/31/2019	6.505591	8.404050	1,869,856
Brighthouse/Wellington Large Cap Research Portfolio (Class B)
01/01/2010 to 12/31/2010	5.800016	6.434971	27,809
01/01/2011 to 12/31/2011	6.434971	6.365065	46,217
01/01/2012 to 12/31/2012	6.365065	7.121518	44,756
01/01/2013 to 12/31/2013	7.121518	9.434750	25,279
01/01/2014 to 12/31/2014	9.434750	10.565327	11,229
01/01/2015 to 12/31/2015	10.565327	10.892097	10,003
01/01/2016 to 12/31/2016	10.892097	11.635551	9,643
01/01/2017 to 12/31/2017	11.635551	13.998607	9,571
01/01/2018 to 12/31/2018	13.998607	12.936657	9,499
01/01/2019 to 12/31/2019	12.936657	16.822671	9,431
Clarion Global Real Estate Portfolio (Class B)
01/01/2010 to 12/31/2010	12.491908	14.309532	62,613
01/01/2011 to 12/31/2011	14.309532	13.329346	45,991
01/01/2012 to 12/31/2012	13.329346	16.567309	37,717
01/01/2013 to 12/31/2013	16.567309	16.924694	36,287
01/01/2014 to 12/31/2014	16.924694	18.913103	33,238
01/01/2015 to 12/31/2015	18.913103	18.397973	33,330
01/01/2016 to 12/31/2016	18.397973	18.309894	23,560
01/01/2017 to 12/31/2017	18.309894	20.006170	19,964
01/01/2018 to 12/31/2018	20.006170	18.030050	18,548
01/01/2019 to 12/31/2019	18.030050	22.201638	15,047
Fidelity VIP Equity-Income Portfolio (Initial Class)
01/01/2010 to 12/31/2010	4.840104	5.498669	3,360,529
01/01/2011 to 12/31/2011	5.498669	5.477785	2,903,337

A-27

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
01/01/2012 to 12/31/2012	5.477785	6.339273	2,457,884
01/01/2013 to 12/31/2013	6.339273	8.014750	2,113,359
01/01/2014 to 12/31/2014	8.014750	8.596647	1,833,533
01/01/2015 to 12/31/2015	8.596647	8.145119	1,521,265
01/01/2016 to 12/31/2016	8.145119	9.483804	1,354,156
01/01/2017 to 12/31/2017	9.483804	10.563534	1,204,427
01/01/2018 to 12/31/2018	10.563534	9.556929	1,054,841
01/01/2019 to 12/31/2019	9.556929	12.016367	904,986
Frontier Mid Cap Growth Portfolio (Class B)
01/01/2010 to 12/31/2010	40.032217	45.417694	6,907
01/01/2011 to 12/31/2011	45.417694	43.356012	4,807
01/01/2012 to 12/31/2012	43.356012	47.345021	4,352
01/01/2013 to 12/31/2013	47.345021	61.860416	3,701
01/01/2014 to 12/31/2014	61.860416	67.668609	3,766
01/01/2015 to 12/31/2015	67.668609	68.499831	3,531
01/01/2016 to 12/31/2016	68.499831	71.066927	3,854
01/01/2017 to 12/31/2017	71.066927	87.600385	3,082
01/01/2018 to 12/31/2018	87.600385	81.319548	2,501
01/01/2019 to 12/31/2019	81.319548	106.575212	2,245
Harris Oakmark International Portfolio (Class E)
01/01/2010 to 12/31/2010	1.759341	2.022262	1,540,759
01/01/2011 to 12/31/2011	2.022262	1.713475	1,163,906
01/01/2012 to 12/31/2012	1.713475	2.185196	850,500
01/01/2013 to 12/31/2013	2.185196	2.816637	911,303
01/01/2014 to 12/31/2014	2.816637	2.621428	811,569
01/01/2015 to 12/31/2015	2.621428	2.471084	721,184
01/01/2016 to 12/31/2016	2.471084	2.640542	572,496
01/01/2017 to 12/31/2017	2.640542	3.400458	565,328
01/01/2018 to 12/31/2018	3.400458	2.553990	368,526
01/01/2019 to 12/31/2019	2.553990	3.139591	278,454
Invesco Global Equity Portfolio (Class B) (formerly Oppenheimer Global Equity Portfolio (Class B))
01/01/2010 to 12/31/2010	16.448896	18.813136	27,188
01/01/2011 to 12/31/2011	18.813136	17.001221	24,507
01/01/2012 to 12/31/2012	17.001221	20.323672	15,394
01/01/2013 to 12/31/2013	20.323672	25.487741	16,160
01/01/2014 to 12/31/2014	25.487741	25.684670	16,034
01/01/2015 to 12/31/2015	25.684670	26.337542	14,982
01/01/2016 to 12/31/2016	26.337542	26.044399	13,279
01/01/2017 to 12/31/2017	26.044399	35.135547	9,117
01/01/2018 to 12/31/2018	35.135547	30.105638	10,382
01/01/2019 to 12/31/2019	30.105638	39.077956	9,982
Invesco Mid Cap Value Portfolio (Class B) (formerly Lord Abbett Mid Cap Value Portfolio (Class B) and before that Neuberger Berman Mid Cap Value Portfolio)
01/01/2010 to 12/31/2010	2.023071	2.515896	991,540
01/01/2011 to 12/31/2011	2.515896	2.316562	864,422
01/01/2012 to 04/27/2012	2.316562	2.562192	0
Invesco Small Cap Growth Portfolio (Class B)
01/01/2010 to 12/31/2010	1.283420	1.597755	159,726
01/01/2011 to 12/31/2011	1.597755	1.559332	71,812
01/01/2012 to 12/31/2012	1.559332	1.818765	55,668
01/01/2013 to 12/31/2013	1.818765	2.515296	39,979
01/01/2014 to 12/31/2014	2.515296	2.677882	48,937
01/01/2015 to 12/31/2015	2.677882	2.596803	45,816
01/01/2016 to 12/31/2016	2.596803	2.854936	37,683
01/01/2017 to 12/31/2017	2.854936	3.530305	35,169
01/01/2018 to 12/31/2018	3.530305	3.167600	43,927
01/01/2019 to 12/31/2019	3.167600	3.887941	43,825

A-28

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
Jennison Growth Portfolio (Class A)
01/01/2010 to 12/31/2010	0.479018	0.527549	230,362
01/01/2011 to 12/31/2011	0.527549	0.523165	760,463
01/01/2012 to 12/31/2012	0.523165	0.597584	361,511
01/01/2013 to 12/31/2013	0.597584	0.807728	333,029
01/01/2014 to 12/31/2014	0.807728	0.869064	410,298
01/01/2015 to 12/31/2015	0.869064	0.949878	271,828
01/01/2016 to 12/31/2016	0.949878	0.938737	229,606
01/01/2017 to 12/31/2017	0.938737	1.271896	376,738
01/01/2018 to 12/31/2018	1.271896	1.259143	465,396
01/01/2019 to 12/31/2019	1.259143	1.650076	279,148
Jennison Growth Portfolio (Class B) (formerly Oppenheimer Capital Appreciation Portfolio)
01/01/2010 to 12/31/2010	9.855584	10.637162	12,149
01/01/2011 to 12/31/2011	10.637162	10.349923	10,628
01/01/2012 to 04/27/2012	10.349923	11.645520	0
Loomis Sayles Growth Portfolio (Class A) (formerly ClearBridge Aggressive Growth Portfolio (Class A))
05/02/2011 to 12/31/2011	0.860177	0.781459	234,706
01/01/2012 to 12/31/2012	0.781459	0.915969	216,224
01/01/2013 to 12/31/2013	0.915969	1.318536	566,717
01/01/2014 to 12/31/2014	1.318536	1.549574	862,575
01/01/2015 to 12/31/2015	1.549574	1.470555	579,029
01/01/2016 to 12/31/2016	1.470555	1.494136	443,169
01/01/2017 to 12/31/2017	1.494136	1.749819	308,335
01/01/2018 to 12/31/2018	1.749819	1.608673	229,602
01/01/2019 to 12/31/2019	1.608673	1.965357	142,870
Loomis Sayles Growth Portfolio (Class A) (formerly ClearBridge Aggressive Growth Portfolio (Class A) and before that ClearBridge Aggressive Growth Portfolio II (Class B))
01/01/2010 to 12/31/2010	146.155656	157.747000	6,012
01/01/2011 to 12/31/2011	157.747000	143.893132	2,723
01/01/2012 to 12/31/2012	143.893132	173.915707	1,960
01/01/2013 to 12/31/2013	173.915707	220.975747	1,858
01/01/2014 to 04/25/2014	220.975747	230.139777	0
Loomis Sayles Growth Portfolio (Class A) (formerly ClearBridge Aggressive Growth Portfolio (Class A) and before that Legg Mason ClearBridge Aggressive Growth Portfolio (Class A) and before that Legg Mason ClearBridge Aggressive Growth Portfolio (Class B) and before that Legg Mason Partners Aggressive Growth Portfolio and before that Janus Aggressive Growth Sub-Account and before that Janus Growth Sub-Account)
01/01/2010 to 12/31/2010	0.626917	0.765640	102,491
01/01/2011 to 04/29/2011	0.765640	0.860273	0
Loomis Sayles Growth Portfolio (Class A) (formerly ClearBridge Aggressive Growth Portfolio (Class A) and before that Legg Mason ClearBridge Aggressive Growth Portfolio (Class A) and before that Legg Mason Value Equity Portfolio (Class A))
01/01/2010 to 12/31/2010	0.582780	0.620100	203,483
01/01/2011 to 04/29/2011	0.620100	0.659651	0
Loomis Sayles Small Cap Core Portfolio (Class A)
01/01/2010 to 12/31/2010	2.971741	3.738974	4,482,610
01/01/2011 to 12/31/2011	3.738974	3.710750	3,821,379
01/01/2012 to 12/31/2012	3.710750	4.193533	3,099,532
01/01/2013 to 12/31/2013	4.193533	5.835224	2,700,844
01/01/2014 to 12/31/2014	5.835224	5.973364	2,365,694
01/01/2015 to 12/31/2015	5.973364	5.805111	1,965,760
01/01/2016 to 12/31/2016	5.805111	6.831001	1,707,962
01/01/2017 to 12/31/2017	6.831001	7.767045	1,475,598
01/01/2018 to 12/31/2018	7.767045	6.813936	1,275,428
01/01/2019 to 12/31/2019	6.813936	8.439478	1,152,976
Loomis Sayles Small Cap Growth Portfolio (Class B)
01/01/2010 to 12/31/2010	0.830666	1.076436	271,831
01/01/2011 to 12/31/2011	1.076436	1.091186	256,468
01/01/2012 to 12/31/2012	1.091186	1.193752	247,812

A-29

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
01/01/2013 to 12/31/2013	1.193752	1.747543	203,151
01/01/2014 to 12/31/2014	1.747543	1.740224	204,089
01/01/2015 to 12/31/2015	1.740224	1.741392	169,593
01/01/2016 to 12/31/2016	1.741392	1.821935	152,646
01/01/2017 to 12/31/2017	1.821935	2.277212	151,731
01/01/2018 to 12/31/2018	2.277212	2.252782	187,790
01/01/2019 to 12/31/2019	2.252782	2.811776	173,472
MetLife Aggregate Bond Index Portfolio (Class B)
01/01/2010 to 12/31/2010	1.497972	1.562027	1,067,756
01/01/2011 to 12/31/2011	1.562027	1.653376	1,013,928
01/01/2012 to 12/31/2012	1.653376	1.690215	826,242
01/01/2013 to 12/31/2013	1.690215	1.625334	643,500
01/01/2014 to 12/31/2014	1.625334	1.691386	605,173
01/01/2015 to 12/31/2015	1.691386	1.670199	477,021
01/01/2016 to 12/31/2016	1.670199	1.683068	321,532
01/01/2017 to 12/31/2017	1.683068	1.709783	249,552
01/01/2018 to 12/31/2018	1.709783	1.679119	235,467
01/01/2019 to 12/31/2019	1.679119	1.794716	215,318
MetLife Asset Allocation 100 Portfolio (Class A) (formerly MetLife Aggressive Allocation Portfolio)
01/01/2010 to 12/31/2010	9.882929	11.280381	54,415
01/01/2011 to 04/29/2011	11.280381	12.233916	0
MetLife Asset Allocation 100 Portfolio (Class A) (formerly MetLife Aggressive Strategy Portfolio (Class B))
05/02/2011 to 12/31/2011	12.197370	10.449559	30,388
01/01/2012 to 12/31/2012	10.449559	12.034629	19,405
01/01/2013 to 04/26/2013	12.034629	13.098380	0
MetLife Asset Allocation 100 Portfolio (Class A) (formerly Zenith Equity Portfolio (Class A))
01/01/2010 to 12/31/2010	19.814045	22.312063	3,428,528
01/01/2011 to 12/31/2011	22.312063	21.267033	2,926,397
01/01/2012 to 12/31/2012	21.267033	23.927427	2,462,029
01/01/2013 to 04/26/2013	23.927427	26.322842	0
MetLife Mid Cap Stock Index Portfolio (Class B)
01/01/2010 to 12/31/2010	1.407349	1.749427	1,090,428
01/01/2011 to 12/31/2011	1.749427	1.688262	791,770
01/01/2012 to 12/31/2012	1.688262	1.954132	689,277
01/01/2013 to 12/31/2013	1.954132	2.560877	590,517
01/01/2014 to 12/31/2014	2.560877	2.759620	500,661
01/01/2015 to 12/31/2015	2.759620	2.651244	425,827
01/01/2016 to 12/31/2016	2.651244	3.142458	387,885
01/01/2017 to 12/31/2017	3.142458	3.584985	349,241
01/01/2018 to 12/31/2018	3.584985	3.129625	221,712
01/01/2019 to 12/31/2019	3.129625	3.877089	178,685
MetLife MSCI EAFE® Index Portfolio (Class B)
01/01/2010 to 12/31/2010	1.210660	1.288948	924,239
01/01/2011 to 12/31/2011	1.288948	1.110838	781,355
01/01/2012 to 12/31/2012	1.110838	1.293392	731,512
01/01/2013 to 12/31/2013	1.293392	1.550666	622,129
01/01/2014 to 12/31/2014	1.550666	1.433984	610,423
01/01/2015 to 12/31/2015	1.433984	1.396649	509,513
01/01/2016 to 12/31/2016	1.396649	1.391701	460,796
01/01/2017 to 12/31/2017	1.391701	1.710955	403,480
01/01/2018 to 12/31/2018	1.710955	1.450236	364,417
01/01/2019 to 12/31/2019	1.450236	1.739136	307,965
MetLife Russell 2000® Index Portfolio (Class B)
01/01/2010 to 12/31/2010	1.452887	1.814394	777,785
01/01/2011 to 12/31/2011	1.814394	1.713370	649,291
01/01/2012 to 12/31/2012	1.713370	1.961600	577,682
01/01/2013 to 12/31/2013	1.961600	2.674244	481,003
01/01/2014 to 12/31/2014	2.674244	2.764538	371,913

A-30

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
01/01/2015 to 12/31/2015	2.764538	2.604958	254,459
01/01/2016 to 12/31/2016	2.604958	3.108768	234,404
01/01/2017 to 12/31/2017	3.108768	3.508589	210,200
01/01/2018 to 12/31/2018	3.508589	3.074246	168,656
01/01/2019 to 12/31/2019	3.074246	3.800503	154,797
MetLife Stock Index Portfolio (Class A)
01/01/2010 to 12/31/2010	3.672624	4.160506	2,000,324
01/01/2011 to 12/31/2011	4.160506	4.180195	1,695,159
01/01/2012 to 12/31/2012	4.180195	4.773721	1,396,448
01/01/2013 to 12/31/2013	4.773721	6.217730	1,207,439
01/01/2014 to 12/31/2014	6.217730	6.954107	1,080,970
01/01/2015 to 12/31/2015	6.954107	6.940863	947,221
01/01/2016 to 12/31/2016	6.940863	7.647076	776,834
01/01/2017 to 12/31/2017	7.647076	9.169951	685,740
01/01/2018 to 12/31/2018	9.169951	8.630112	554,058
01/01/2019 to 12/31/2019	8.630112	11.166647	410,622
MetLife Stock Index Portfolio (Class B)
01/01/2010 to 12/31/2010	3.449868	3.896827	95,176
01/01/2011 to 12/31/2011	3.896827	3.907550	77,423
01/01/2012 to 12/31/2012	3.907550	4.449647	60,285
01/01/2013 to 12/31/2013	4.449647	5.781561	55,158
01/01/2014 to 12/31/2014	5.781561	6.451192	52,507
01/01/2015 to 12/31/2015	6.451192	6.422817	32,034
01/01/2016 to 12/31/2016	6.422817	7.057970	31,221
01/01/2017 to 12/31/2017	7.057970	8.442097	26,259
01/01/2018 to 12/31/2018	8.442097	7.925923	28,809
01/01/2019 to 12/31/2019	7.925923	10.228154	30,655
MFS ® Research International Portfolio (Class A)
01/01/2010 to 12/31/2010	2.895001	3.189068	3,613,173
01/01/2011 to 12/31/2011	3.189068	2.817963	3,074,753
01/01/2012 to 12/31/2012	2.817963	3.251819	2,494,255
01/01/2013 to 12/31/2013	3.251819	3.836356	2,119,150
01/01/2014 to 12/31/2014	3.836356	3.529971	1,812,356
01/01/2015 to 12/31/2015	3.529971	3.430516	1,520,752
01/01/2016 to 12/31/2016	3.430516	3.361761	1,272,138
01/01/2017 to 12/31/2017	3.361761	4.262422	1,080,683
01/01/2018 to 12/31/2018	4.262422	3.624364	915,349
01/01/2019 to 12/31/2019	3.624364	4.601653	834,142
MFS ® Research International Portfolio (Class B)
01/01/2010 to 12/31/2010	1.341855	1.474852	691,913
01/01/2011 to 12/31/2011	1.474852	1.299211	578,157
01/01/2012 to 12/31/2012	1.299211	1.495847	349,923
01/01/2013 to 12/31/2013	1.495847	1.759990	271,968
01/01/2014 to 12/31/2014	1.759990	1.615718	240,639
01/01/2015 to 12/31/2015	1.615718	1.565777	233,150
01/01/2016 to 12/31/2016	1.565777	1.531259	196,437
01/01/2017 to 12/31/2017	1.531259	1.936141	184,709
01/01/2018 to 12/31/2018	1.936141	1.642704	164,778
01/01/2019 to 12/31/2019	1.642704	2.079561	155,304
MFS ® Total Return Portfolio (Class A)
01/01/2010 to 12/31/2010	4.432386	4.813620	3,623,734
01/01/2011 to 12/31/2011	4.813620	4.863944	3,201,572
01/01/2012 to 12/31/2012	4.863944	5.354272	2,435,315
01/01/2013 to 12/31/2013	5.354272	6.285766	2,042,817
01/01/2014 to 12/31/2014	6.285766	6.737291	1,800,994
01/01/2015 to 12/31/2015	6.737291	6.636558	1,628,355
01/01/2016 to 12/31/2016	6.636558	7.149937	1,381,513
01/01/2017 to 12/31/2017	7.149937	7.932247	1,221,664

A-31

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
01/01/2018 to 12/31/2018	7.932247	7.389178	1,073,134
01/01/2019 to 12/31/2019	7.389178	8.775093	842,964
MFS ® Total Return Portfolio (Class E)
01/01/2010 to 12/31/2010	42.914072	46.538182	82,035
01/01/2011 to 12/31/2011	46.538182	46.950578	67,533
01/01/2012 to 12/31/2012	46.950578	51.607000	57,453
01/01/2013 to 12/31/2013	51.607000	60.495129	50,380
01/01/2014 to 12/31/2014	60.495129	64.743964	43,138
01/01/2015 to 12/31/2015	64.743964	63.680209	35,748
01/01/2016 to 12/31/2016	63.680209	68.501177	29,306
01/01/2017 to 12/31/2017	68.501177	75.886816	26,571
01/01/2018 to 12/31/2018	75.886816	70.583903	23,902
01/01/2019 to 12/31/2019	70.583903	83.695989	22,041
MFS ® Value Portfolio (Class A)
04/29/2013 to 12/31/2013	3.191846	3.737858	1,843,615
01/01/2014 to 12/31/2014	3.737858	4.086332	1,658,479
01/01/2015 to 12/31/2015	4.086332	4.025445	1,427,628
01/01/2016 to 12/31/2016	4.025445	4.542998	1,296,250
01/01/2017 to 12/31/2017	4.542998	5.289142	1,129,355
01/01/2018 to 12/31/2018	5.289142	4.693248	1,023,230
01/01/2019 to 12/31/2019	4.693248	6.025511	881,683
MFS ® Value Portfolio (Class E)
04/30/2018 to 12/31/2018	2.488124	2.306283	35,310
01/01/2019 to 12/31/2019	2.306283	2.958066	24,634
MFS ® Value Portfolio (Class E) (formerly BlackRock Large Cap Value Portfolio (Class E))
01/01/2010 to 12/31/2010	1.039841	1.118262	325,790
01/01/2011 to 12/31/2011	1.118262	1.126769	185,073
01/01/2012 to 12/31/2012	1.126769	1.268740	148,560
01/01/2013 to 12/31/2013	1.268740	1.650856	182,949
01/01/2014 to 12/31/2014	1.650856	1.788171	123,778
01/01/2015 to 12/31/2015	1.788171	1.657160	100,490
01/01/2016 to 12/31/2016	1.657160	1.931515	92,384
01/01/2017 to 12/31/2017	1.931515	2.048883	103,182
01/01/2018 to 04/27/2018	2.048883	1.977137	0
MFS ® Value Portfolio (Class A) (formerly FI Value Leaders Portfolio (Class A))
01/01/2010 to 12/31/2010	2.404154	2.717359	2,809,526
01/01/2011 to 12/31/2011	2.717359	2.516122	2,372,714
01/01/2012 to 12/31/2012	2.516122	2.873563	2,039,303
01/01/2013 to 04/26/2013	2.873563	3.166694	0
MFS ® Value Portfolio (Class A) (formerly MFS® Value Portfolio (Class E))
01/01/2010 to 12/31/2010	1.103679	1.211422	606,022
01/01/2011 to 12/31/2011	1.211422	1.204843	378,957
01/01/2012 to 12/31/2012	1.204843	1.383462	312,188
01/01/2013 to 04/26/2013	1.383462	1.569161	0
Morgan Stanley Mid Cap Growth Portfolio (Class B)
05/03/2010 to 12/31/2010	1.295934	1.505615	490,737
01/01/2011 to 12/31/2011	1.505615	1.382643	484,989
01/01/2012 to 12/31/2012	1.382643	1.490614	156,035
01/01/2013 to 12/31/2013	1.490614	2.044527	133,681
01/01/2014 to 12/31/2014	2.044527	2.037568	112,538
01/01/2015 to 12/31/2015	2.037568	1.909276	92,816
01/01/2016 to 12/31/2016	1.909276	1.724310	98,351
01/01/2017 to 12/31/2017	1.724310	2.380264	91,823
01/01/2018 to 12/31/2018	2.380264	2.586537	101,633
01/01/2019 to 12/31/2019	2.586537	3.575897	83,210
Morgan Stanley Mid Cap Growth Portfolio (Class B) (formerly FI Mid Cap Opportunities Sub-Account and before that Janus Mid Cap Sub-Account)
01/01/2010 to 04/30/2010	1.185188	1.282945	0

A-32

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
Neuberger Berman Genesis Portfolio (Class A)
01/01/2010 to 12/31/2010	1.401637	1.681240	2,011,182
01/01/2011 to 12/31/2011	1.681240	1.754972	1,675,938
01/01/2012 to 12/31/2012	1.754972	1.904910	1,359,180
01/01/2013 to 12/31/2013	1.904910	2.603376	1,207,068
01/01/2014 to 12/31/2014	2.603376	2.568738	1,058,230
01/01/2015 to 12/31/2015	2.568738	2.549017	808,521
01/01/2016 to 12/31/2016	2.549017	2.984734	716,374
01/01/2017 to 12/31/2017	2.984734	3.408681	547,987
01/01/2018 to 12/31/2018	3.408681	3.137272	459,544
01/01/2019 to 12/31/2019	3.137272	4.013779	406,545
Neuberger Berman Genesis Portfolio (Class A) (formerly MLA Mid Cap Portfolio (Class B))
01/01/2010 to 12/31/2010	1.292056	1.566133	165,093
01/01/2011 to 12/31/2011	1.566133	1.463651	143,860
01/01/2012 to 12/31/2012	1.463651	1.520246	127,497
01/01/2013 to 04/26/2013	1.520246	1.648627	0
PIMCO Inflation Protection Bond Portfolio (Class B)
01/01/2010 to 12/31/2010	13.007430	13.829023	127,064
01/01/2011 to 12/31/2011	13.829023	15.164142	120,079
01/01/2012 to 12/31/2012	15.164142	16.325836	95,708
01/01/2013 to 12/31/2013	16.325836	14.612977	51,877
01/01/2014 to 12/31/2014	14.612977	14.834134	35,531
01/01/2015 to 12/31/2015	14.834134	14.180068	24,143
01/01/2016 to 12/31/2016	14.180068	14.687170	22,571
01/01/2017 to 12/31/2017	14.687170	14.993256	19,541
01/01/2018 to 12/31/2018	14.993256	14.434779	17,256
01/01/2019 to 12/31/2019	14.434779	15.419035	12,015
PIMCO Total Return Portfolio (Class B)
01/01/2010 to 12/31/2010	1.542808	1.646488	4,737,797
01/01/2011 to 12/31/2011	1.646488	1.675957	3,488,256
01/01/2012 to 12/31/2012	1.675957	1.806652	3,030,647
01/01/2013 to 12/31/2013	1.806652	1.748286	2,310,488
01/01/2014 to 12/31/2014	1.748286	1.797145	1,653,864
01/01/2015 to 12/31/2015	1.797145	1.773137	1,250,960
01/01/2016 to 12/31/2016	1.773137	1.795013	1,199,601
01/01/2017 to 12/31/2017	1.795013	1.850715	1,078,669
01/01/2018 to 12/31/2018	1.850715	1.821567	898,716
01/01/2019 to 12/31/2019	1.821567	1.949211	581,308
SSGA Growth and Income ETF Portfolio (Class B)
01/01/2010 to 12/31/2010	10.578008	11.713492	29,839
01/01/2011 to 12/31/2011	11.713492	11.679368	2,337
01/01/2012 to 12/31/2012	11.679368	13.002009	18,690
01/01/2013 to 12/31/2013	13.002009	14.486473	53,424
01/01/2014 to 12/31/2014	14.486473	15.122865	23,840
01/01/2015 to 12/31/2015	15.122865	14.627171	25,009
01/01/2016 to 12/31/2016	14.627171	15.265732	26,590
01/01/2017 to 12/31/2017	15.265732	17.450304	27,305
01/01/2018 to 12/31/2018	17.450304	16.092654	16,822
01/01/2019 to 12/31/2019	16.092654	18.990197	13,232
SSGA Growth ETF Portfolio (Class B)
01/01/2010 to 12/31/2010	10.025004	11.290542	19,228
01/01/2011 to 12/31/2011	11.290542	10.902286	8,994
01/01/2012 to 12/31/2012	10.902286	12.372150	8,779
01/01/2013 to 12/31/2013	12.372150	14.412225	8,656
01/01/2014 to 12/31/2014	14.412225	14.983803	4,659
01/01/2015 to 12/31/2015	14.983803	14.441245	6,325
01/01/2016 to 12/31/2016	14.441245	15.227757	6,797
01/01/2017 to 12/31/2017	15.227757	17.974305	7,247

A-33

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
01/01/2018 to 12/31/2018	17.974305	16.180946	8,154
01/01/2019 to 12/31/2019	16.180946	19.546832	7,240
T. Rowe Price Large Cap Growth Portfolio (Class B)
01/01/2010 to 12/31/2010	12.330312	14.201921	76,812
01/01/2011 to 12/31/2011	14.201921	13.824787	75,243
01/01/2012 to 12/31/2012	13.824787	16.185399	55,812
01/01/2013 to 12/31/2013	16.185399	22.159125	64,239
01/01/2014 to 12/31/2014	22.159125	23.791514	62,681
01/01/2015 to 12/31/2015	23.791514	25.940060	62,011
01/01/2016 to 12/31/2016	25.940060	25.984233	64,560
01/01/2017 to 12/31/2017	25.984233	34.219071	55,191
01/01/2018 to 12/31/2018	34.219071	33.368076	54,950
01/01/2019 to 12/31/2019	33.368076	42.991074	31,490
T. Rowe Price Large Cap Growth Portfolio (Class B) (formerly RCM Technology Portfolio (Class B))
01/01/2010 to 12/31/2010	0.552147	0.695588	1,368,437
01/01/2011 to 12/31/2011	0.695588	0.618371	1,046,636
01/01/2012 to 12/31/2012	0.618371	0.683962	624,549
01/01/2013 to 04/26/2013	0.683962	0.715347	0
T. Rowe Price Mid Cap Growth Portfolio (Class B)
01/01/2010 to 12/31/2010	0.836223	1.053408	1,313,301
01/01/2011 to 12/31/2011	1.053408	1.022188	1,589,729
01/01/2012 to 12/31/2012	1.022188	1.146392	1,127,876
01/01/2013 to 12/31/2013	1.146392	1.544739	1,058,053
01/01/2014 to 12/31/2014	1.544739	1.718714	1,029,602
01/01/2015 to 12/31/2015	1.718714	1.808828	901,076
01/01/2016 to 12/31/2016	1.808828	1.895498	862,430
01/01/2017 to 12/31/2017	1.895498	2.332890	737,293
01/01/2018 to 12/31/2018	2.332890	2.251002	587,284
01/01/2019 to 12/31/2019	2.251002	2.910785	352,449
T. Rowe Price Small Cap Growth Portfolio (Class B)
01/01/2010 to 12/31/2010	13.742614	18.258171	29,661
01/01/2011 to 12/31/2011	18.258171	18.274532	37,871
01/01/2012 to 12/31/2012	18.274532	20.896340	21,451
01/01/2013 to 12/31/2013	20.896340	29.722698	24,019
01/01/2014 to 12/31/2014	29.722698	31.273148	21,064
01/01/2015 to 12/31/2015	31.273148	31.613969	20,766
01/01/2016 to 12/31/2016	31.613969	34.771489	15,924
01/01/2017 to 12/31/2017	34.771489	42.037365	16,404
01/01/2018 to 12/31/2018	42.037365	38.658276	14,737
01/01/2019 to 12/31/2019	38.658276	50.663915	9,135
Victory Sycamore Mid Cap Value Portfolio (Class B) (formerly Invesco Mid Cap Value (Class B))
04/30/2012 to 12/31/2012	2.549699	2.621965	698,630
01/01/2013 to 12/31/2013	2.621965	3.370751	599,748
01/01/2014 to 12/31/2014	3.370751	3.646244	408,941
01/01/2015 to 12/31/2015	3.646244	3.274261	348,887
01/01/2016 to 12/31/2016	3.274261	3.731197	298,750
01/01/2017 to 12/31/2017	3.731197	4.030103	274,699
01/01/2018 to 12/31/2018	4.030103	3.572340	210,454
01/01/2019 to 12/31/2019	3.572340	4.545998	169,872
Western Asset Management Strategic Bond Opportunities Portfolio (Class B)
05/02/2016 to 12/31/2016	30.315864	31.454596	24,161
01/01/2017 to 12/31/2017	31.454596	33.495712	21,108
01/01/2018 to 12/31/2018	33.495712	31.714372	25,588
01/01/2019 to 12/31/2019	31.714372	35.742882	15,463
Western Asset Management Strategic Bond Opportunities Portfolio (Class B) (formerly Lord Abbett Bond Debenture Portfolio (Class B))
01/01/2010 to 12/31/2010	2.077858	2.315800	1,014,098
01/01/2011 to 12/31/2011	2.315800	2.386695	914,426
01/01/2012 to 12/31/2012	2.386695	2.659374	683,446

A-34

	AUV at Beginning of Period	AUV at Ending of Period	Accum Units End of Period
01/01/2013 to 12/31/2013	2.659374	2.833061	529,994
01/01/2014 to 12/31/2014	2.833061	2.930045	428,421
01/01/2015 to 12/31/2015	2.930045	2.827899	305,537
01/01/2016 to 04/29/2016	2.827899	2.914327	0
Western Asset Management U.S. Government Portfolio (Class A)
01/01/2010 to 12/31/2010	1.744655	1.821283	1,546,520
01/01/2011 to 12/31/2011	1.821283	1.895916	1,314,198
01/01/2012 to 12/31/2012	1.895916	1.933394	925,896
01/01/2013 to 12/31/2013	1.933394	1.893388	709,399
01/01/2014 to 12/31/2014	1.893388	1.920500	646,180
01/01/2015 to 12/31/2015	1.920500	1.905580	506,145
01/01/2016 to 12/31/2016	1.905580	1.904159	467,019
01/01/2017 to 12/31/2017	1.904159	1.915037	393,262
01/01/2018 to 12/31/2018	1.915037	1.907535	315,101
01/01/2019 to 12/31/2019	1.907535	1.995446	298,799

Notes:

For Contracts issued prior to May 1, 1995, the MFS^® Total Return Sub-Account Class A is available.

MFS^® Total Return Division was previously the Balanced Sub-Account. On April 30, 2004, the Balanced Portfolio that had been offered as an Eligible Fund through that date, merged with and into the MFS Total Return Portfolio. Information shown for the MFS Total Return Sub-Account reflects the accumulation unit value history of the Balanced Sub-Account through the date of the merger. For Contracts issued on and after May 1, 1995, the MFS Total Return Sub-Account Class E is available.

Zenith Equity Division was previously the Capital Growth Sub-Account. Effective May 1, 2002, the Zenith Equity Portfolio of the New England Zenith Fund changed its investment objective and policies and became a “fund of funds” that invests equally in three other series of the Zenith Fund. On or about April 28, 2003, these series of the Zenith Fund were reorganized into newly established portfolios of the Metropolitan Series Fund (renamed as of March 6, 2017, Brighthouse Funds Trust II). Effective on or about May 1, 2009, one of these portfolios of the Metropolitan Series Fund merged with and into a portfolio of Met Investors Series Trust (renamed as of March 6, 2017, Brighthouse Funds Trust I).

Clearbridge Aggressive Growth Division was previously the MFS Research Managers Sub-Account. On April 30, 2004, the MFS Research Managers Portfolio that had been offered as an Eligible Fund through that date, merged with and into the MFS Investors Trust Portfolio. On April 28, 2006, the MFS Investors Trust Portfolio merged into the Legg Mason Value Equity Portfolio. On April 29, 2011, the Legg Mason Value Equity Portfolio merged into the Legg Mason ClearBridge Aggressive Growth Portfolio. Information shown for the ClearBridge Aggressive Growth Division (formerly the Legg Mason ClearBridge Aggressive Growth Division, formerly the Legg Mason Value Equity Division, formerly the MFS Investors Trust Sub-Account and formerly the MFS Research Managers Sub-Account) reflects the accumulation unit value history of the MFS Research Managers Sub-Account through the date of the April 30, 2004 merger.

For Contracts issued prior to May 1, 1995, the MetLife Stock Index Sub-Account Class A is available.

For Contracts issued on and after May 1, 1995, the MetLife Stock Index Sub-Account Class B is available.

MetLife Stock Index Division (Class A) was previously the Westpeak Stock Index Sub-Account. On April 27, 2001, the MetLife Stock Index Portfolio—Class A was substituted for the Westpeak Stock Index Series of the New England Zenith Fund. Information shown for the MetLife Stock Index Sub-Account Class A reflects the accumulation unit value history of the Westpeak Stock Index Sub-Account through the date of the substitution.

Baillie Gifford International Stock Division was previously the Morgan Stanley International Magnum Equity Sub-Account. On December 1, 2000, the Putnam International Stock Portfolio was substituted for the Morgan Stanley International Magnum Equity Series of the New England Zenith Fund, which is no longer available for investment under the Contract. Information shown for the FI International Stock Sub-Account reflects the

A-35

accumulation unit value history of the Morgan Stanley International Equity Sub-Account through the date of the substitution. Effective January 7, 2008, FI International Stock Portfolio changed its name to Julius Baer International Stock Portfolio. Effective May 1, 2009, Julius Baer International Stock Portfolio changed its name to Artio International Stock Portfolio. Effective February 1, 2012 Artio International Stock Portfolio changes its name to Baillie Gifford International Stock Portfolio.

ClearBridge Aggressive Growth Division was previously the Janus Growth Sub-Account. On April 28, 2003, the Janus Growth Portfolio that had been offered as an Eligible Fund through that date, merged with and into the Janus Aggressive Growth Portfolio. Information shown for the Janus Aggressive Growth Sub-Account is based on the May 1, 2001 inception date of the Janus Growth Sub-Account and reflects the accumulation unit value history of the Janus Growth Sub-Account through the date of the merger. Effective October 1, 2006, Janus Aggressive Growth Portfolio changed its name to Legg Mason Aggressive Growth Portfolio. Effective April 30, 2007, Legg Mason Aggressive Growth Portfolio changed its name to Legg Mason Partners Aggressive Growth Portfolio. Effective November 2, 2009, Legg Mason Partners Aggressive Growth Portfolio changed its name to Legg Mason ClearBridge Aggressive Growth Portfolio. Effective April 29, 2011, Class B shares of Legg Mason ClearBridge Aggressive Growth Portfolio were exchanged for Class A shares. Effective April 29, 2013, Legg Mason ClearBridge Aggressive Growth Portfolio changed its name to ClearBridge Aggressive Growth Portfolio.

Morgan Stanley Discovery Division was previously the Janus Mid Cap Sub-Account. On April 30, 2004, the FI Mid Cap Opportunities Portfolio that had been offered as an Eligible Fund through that date, merged with and into the Janus Mid Cap Portfolio and immediately following the merger, the Janus Mid Cap Portfolio was renamed the FI Mid Cap Opportunities Portfolio. Information shown for the FI Mid Cap Opportunities Sub-Account (formerly the Janus Mid Cap Sub-Account) reflects the unit value history of the Janus Mid Cap Sub-Account through the April 30, 2004 merger. On or about April 30, 2010, the FI Mid Cap Opportunities Portfolio that had been offered as an Eligible Fund since April 30, 2004, merged with and into the Van Kampen Discovery Portfolio and was immediately renamed the Morgan Stanley Discovery Portfolio. Information shown for the Morgan Stanley Mid-Cap Growth Sub-Account reflects the accumulation unit value history of the FI Mid Cap Opportunities Sub-Account since April 30, 2004 through the date of the April 30, 2010 merger.

Morgan Stanley Discovery Division was previously the FI Mid Cap Opportunities Sub-Account. On April 30, 2004, the FI Mid Cap Opportunities Portfolio that had been offered as an Eligible Fund through that date, merged with and into the Janus Mid Cap Portfolio and immediately following the merger, the Janus Mid Cap Portfolio was renamed the FI Mid Cap Opportunities Portfolio. Information shown reflects the unit value history of the FI Mid Cap Opportunities Portfolio Sub-Account through the date of the merger. Since the merger, on or about April 30, 2010, the FI Mid Cap Opportunities Portfolio merged with and into the Van Kampen Discovery Portfolio and was immediately renamed the Morgan Stanley Discovery Portfolio.

Jennison Growth Division was previously the Met/Putnam Voyager Sub-Account. On April 29, 2005, the Met/Putnam Voyager Portfolio that had been offered as an Eligible Fund up through that date, merged with and into the Jennison Growth Portfolio. Information shown for the Jennison Growth Sub-Account (formerly the Met/Putnam Voyager Sub-Account) reflects the accumulation unit value history of the Met/Putnam Voyager Sub-Account through the date of the merger.

Clearbridge Aggressive Growth Division was previously the MFS Investors Trust Sub-Account. On April 28, 2006, the MFS Investors Trust Portfolio that had been offered as an Eligible Fund up through that date, merged with and into the Legg Mason Value Equity Portfolio. On April 29, 2011, the Legg Mason Value Equity Portfolio merged into the Legg Mason ClearBridge Aggressive Growth Portfolio. Information shown for the ClearBridge Aggressive Growth Division (formerly the Legg Mason ClearBridge Aggressive Growth Division, formerly the Legg Mason Value Equity Sub-Account and formerly the MFS Investors Trust Sub-Account) reflects the accumulation unit value history of the MFS Investors Sub-Account Class A through the date of the merger.

BlackRock Large Cap Core Division was previously the BlackRock Large Cap Sub-Account. On or about April 30, 2007, the BlackRock Large Cap Portfolio that had been offered as an Eligible Fund through that date, merged with and into the BlackRock Large Cap Core Portfolio. Information shown for the BlackRock Large Cap Core Sub-Account (formerly the BlackRock Investment Trust Sub-Account) reflects the accumulation unit value history of the BlackRock Large Cap Sub-Account through the date of the merger.

A-36

MFS^® Research International Division was previously the Fidelity VIP Overseas Sub-Account. On November 7, 2008, the MFS^® Research International Portfolio—Class A was substituted for the Fidelity VIP Overseas Portfolio—Initial Class. Information shown for the MFS^® Research International Sub-Account reflects the accumulation unit value history of the Fidelity VIP Overseas Sub-Account through the date of the substitution.

BlackRock Legacy Large Cap Growth Division was previously the FI Large Cap Sub-Account. Effective May 4, 2009, the FI Large Cap Portfolio that had been offered as an Eligible Fund through that date, merged with and into the BlackRock Legacy Large Cap Growth Portfolio. Information shown for the BlackRock Legacy Large Cap Growth Division (Class B) reflects the accumulation unit value history of the FI Large Cap Sub-Account through the date of the merger.

Class A shares of MFS^® Research International were substituted for the Fidelity VIP Overseas Portfolio Initial Class on November 7, 2008. Class A shares are not available for allocation of new purchase payments or transfer of Contract Value (excluding existing rebalancing or dollar cost averaging programs in existence as of April 28, 2008).

Clearbridge Aggressive Growth Division was previously the Legg Mason Value Equity Division. On April 29, 2011, the Legg Mason Value Equity Portfolio that had been offered as an Eligible Fund through that date, merged with and into the Legg Mason ClearBridge Aggressive Growth Portfolio. Information shown for the ClearBridge Aggressive Growth Division (formerly the Legg Mason ClearBridge Aggressive Growth Division and formerly the Legg Mason Value Equity Division) reflects the unit value history of the Legg Mason Value Equity Division through the date of the merger.

MetLife Aggressive Strategy Division was previously the MetLife Aggressive Allocation Division. On April 29, 2011, the MetLife Aggressive Allocation Portfolio that had been offered as an Eligible Fund through that date, merged with and into the MetLife Aggressive Strategy Portfolio. Information shown for the MetLife Aggressive Strategy Division (formerly the MetLife Aggressive Allocation Division) reflects the unit value history of the MetLife Aggressive Allocation Division through the date of the merger.

Jennison Growth Division was previously the Oppenheimer Capital Appreciation Division. On April 30, 2012, the Oppenheimer Capital Appreciation Portfolio that had been offered as an Eligible Fund through that date, merged with and into the Jennison Growth Portfolio. Information shown for the Jennison Growth Division (formerly the Oppenheimer Capital Appreciation Division) reflects the unit value history of Oppenheimer Capital Appreciation Division through the date of the merger.

MFS^® Value Division was previously the FI Value Leaders Division. On April 29, 2013, the FI Value Leaders Portfolio that had been offered as an Eligible Fund through that date, merged with and into the MFS^® Value Portfolio and Class E shares were exchanged for Class A shares. Information shown for the MFS^® Value Division (formerly the FI Value Leaders Division) reflects the unit value history of FI Value Leaders Division through the date of the merger.

Neuberger Berman Genesis Division was previously the MLA Mid Cap Division. On April 29, 2013, the MLA Mid Cap Portfolio that had been offered as an Eligible Fund through that date, merged with and into the Neuberger Berman Genesis Portfolio. Information shown for the Neuberger Berman Genesis Division (formerly the MLA Mid Cap Division) reflects the unit value history of MLA Mid Cap Division through the date of the merger.

T. Rowe Price Large Cap Growth Division was previously the RCM Technology Division. On April 29, 2013, the RCM Technology Portfolio that had been offered as an Eligible Fund through that date, merged with and into the T. Rowe Price Large Cap Growth Portfolio. Information shown for the T. Rowe Price Large Cap Growth Division (formerly the RCM Technology Division) reflects the unit value history of RCM Technology Division through the date of the merger.

MetLife Aggressive Strategy Division was previously the Zenith Equity Division. On April 29, 2013, the Zenith Equity Portfolio that had been offered as an Eligible Fund through that date, merged with and into the MetLife Aggressive Strategy Portfolio. Information shown for the MetLife Aggressive Strategy Division (formerly the Zenith Equity Division) reflects the unit value history of Zenith Equity Division through the date of the merger.

A-37

ClearBridge Aggressive Growth Division was previously the ClearBridge Aggressive Growth Portfolio II Division. Effective April 28, 2014, the ClearBridge Aggressive Growth Portfolio II (Class B) that had been offered as an Eligible Fund through that date, merged with and into the ClearBridge Aggressive Growth Portfolio (Class A). Information shown for the ClearBridge Aggressive Growth Division reflects the unit value history of ClearBridge Aggressive Growth Portfolio II Division through the date of the April 25, 2014 merger.

Western Asset Management Strategic Bond Opportunities Portfolio Division was previously the Lord Abbett Bond Debenture Portfolio Division. Effective as of May 1, 2016, the Lord Abbett Bond Debenture Portfolio (Class B) that had been offered as an Eligible Fund through that date, merged with and into Western Asset Management Strategic Bond Opportunities Portfolio (Class B). Information shown for the Western Asset Management Strategic Bond Opportunities Portfolio (Class B) Division reflects the unit value history of Lord Abbett Bond Debenture Portfolio (Class B) Division through the date of the May 1, 2016 merger.

MFS^® Value Portfolio Division was previously BlackRock Large Cap Value Portfolio Division. Effective as of April 27, 2018, the BlackRock Large Cap Value Portfolio (Class E) that had been offered as an Eligible Fund through that date, merged with and into MFS^® Value Portfolio (Class E). Information shown for the MFS^® Value Portfolio (Class E) Division reflects the unit value history of BlackRock Large Cap Value Portfolio (Class E) Division through the date of the Apil 27, 2018 merger.

* * *

Name Changes:

Effective December 15, 2017:

Invesco Mid Cap Value Portfolio was renamed Victory Sycamore Mid Cap Value Portfolio.

* * *

A-38

PREMIUM TAX

Premium tax rates are subject to change. At present the Company pays premium taxes in the following jurisdictions at the rates shown.

Jurisdiction	Contracts Used With Tax Qualified Retirement Plans	All Other Contracts
California	0.50%*	2.35%
Florida(1)	1.00%	1.00%
Maine(2)	—	2.00%
Nevada	—	3.50%
Puerto Rico(3)	1.00%	1.00%
South Dakota(4)	—	1.25%
West Virginia	1.00%	1.00%
Wyoming	—	1.00%

* Contracts sold to §408(a) IRA Trusts are taxed at 2.35%.

See “Premium Tax Charges” in the prospectus for more information about how premium taxes affect the Contracts.

(1)	Annuity purchase payments are exempt from taxation provided that the tax savings are passed back to the Contract Owners. Otherwise, they are taxable at 1.0%.
(2)	Special rate of 1% applies for certified Long Term Care and qualified group disability Contracts.
(3)	The Company will not deduct premium taxes paid by us to Puerto Rico from purchase payments, Contract Value, withdrawals, death benefits or income payments.
(4)	Special rate applies for large case annuity Contracts. Rate is 0.08% for that portion of the annuity considerations received on a contract exceeding $500,000 annually. Special rate on large case Contracts is not subject to retaliation.

A-39

TABLE OF CONTENTS
OF THE

STATEMENT OF ADDITIONAL INFORMATION
FOR ZENITH ACCUMULATOR

HISTORY

INVESTMENT ADVISERS

DISTRIBUTION OF THE CONTRACTS

CALCULATION OF PERFORMANCE DATA

CALCULATION OF YIELDS

NET INVESTMENT FACTOR

ANNUITY PAYMENTS

HYPOTHETICAL ILLUSTRATIONS OF ANNUITY INCOME PAYOUTS

HISTORICAL ILLUSTRATIONS OF ANNUITY INCOME PAYOUTS

TAX STATUS OF THE CONTRACTS

LEGAL MATTERS

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

FINANCIAL STATEMENTS

If you would like a copy of any of the following Statements of Additional Information, please check the appropriate box below and mail to:

Metropolitan Life Insurance Company
200 Park Avenue
New York, NY 10166

□     Zenith Accumulator — Metropolitan Life Separate Account E

□    Brighthouse Funds Trust I

□    Brighthouse Funds Trust II

□    American Funds Insurance Series^®

□    Fidelity^® Variable Insurance Products — Initial Class

□    My current address is:

	Name
Contract Number
	Address
Signature
		Zip

A-40

Appendix A

Additional Information Regarding The Portfolios

Certain Portfolios and trusts were subject to a name change. The charts below identify the former name and new name of each of these Portfolios, and where applicable, the former name and the new name of the trust of which the Portfolio is a part.

Portfolio Name Changes

The following former Portfolios were renamed:

Former Name	New Name
Brighthouse Funds Trust I	Brighthouse Funds Trust I
Oppenheimer Global Equity Portfolio — Class B	Invesco Global Equity Portfolio– Class B
ClearBridge Aggressive Growth Portfolio-Class A	Loomis Sayles Growth Portfolio — Class A

A-41

Metropolitan Life Separate Account E

Zenith Accumulator

Individual Variable Annuity Contracts

Issued by Metropolitan Life Insurance Company

Statement of Additional Information
(Part B)

May 1, 2020

This Statement of Additional Information is not a prospectus. This Statement of Additional Information relates to the Prospectus dated May 1, 2020 (as annually supplemented) and should be read in conjunction therewith. A copy of the Prospectus dated May 1, 2020, the supplement dated May 1, 2020, and any previous supplements may be obtained by writing to Metropolitan Life Insurance Company, P.O. Box 7104, Troy, MI 48007-7104.

SAI Book 207
ZAVA-0519

1

TABLE OF CONTENTS

	Page
History	3
Investment Advisers	3
Distribution of the Contracts	3
Calculation of Performance Data	4
Calculation of Yields	5
Net Investment Factor	7
Annuity Payments	7
Hypothetical Illustrations of Annuity Income Payouts	9
Historical Illustrations of Annuity Income Payouts	9
Tax Status of the Contracts	10
Legal Matters	11
Independent Registered Public Accounting Firm	11
FINANCIAL STATEMENTS	12

2

History

Metropolitan Life Separate Account E (the “Variable Account”) is a separate account of Metropolitan Life Insurance Company (the “Company”). The Variable Account was first established on September 27, 1983 and meets the definition of a separate account under the federal securities laws, and complies with the provisions of the Investment Company Act of 1940, as amended. Sales of the Contracts have been discontinued. The Company is a wholly-owned subsidiary of MetLife, Inc., a publicly traded company.

Investment Advisers

The Variable Account invests in the Portfolios of American Funds Insurance Series^®, Brighthouse Funds Trust I, Brighthouse Funds Trust II, and Fidelity Variable Insurance Products. The Investment Adviser to each fund may, from time to time, replace the subadviser, if applicable, with a new subadviser.

Distribution of the Contracts

MetLife Investors Distribution Company (“MLIDC”) serves as the principal underwriter and distributor of the Contracts. MLIDC’s principal business address is 200 Park Avenue, New York, NY 10166. MLIDC is registered as a broker-dealer with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as well as with the securities commissions in the states in which it operates, and is a member of the Financial Industry Regulatory Authority (FINRA). MLIDC enters into selling agreements with other broker-dealers (“selling firms”) and compensates them for their services. Sales representatives are appointed as our insurance agents.

The following table shows the amount of commissions paid to and the amount of commissions retained by MLIDC over the past three years.

Fiscal year	Aggregate Amount of Commissions Paid to Distributor	Aggregate Amount of Commissions Retained by Distributor After Payments to its Registered Persons and Selling Firms
2019	$ 44,403,101	$0
2018	$ 55,872,532	$0
2017	$ 84,338,194	$0

MLIDC passes through commissions it receives to selling firms for their sales and does not retain any portion of it in return for its services as distributor for the Contracts. However, under the distribution agreement with MLIDC, we pay the following sales expenses: sales representative training allowances; deferred compensation and insurance benefits of registered persons; advertising expenses; and all other expenses of distributing the Contracts. We also pay for Distributor’s operating and other expenses.

3

Calculation of Performance Data

Average Annual Total Return

We may provide illustrations to show hypothetical Average Annual Total Returns for each Division based on the actual investment experience of the Divisions, Brighthouse Funds Trust I, Brighthouse Funds Trust II, the American Funds Insurance Series^® and the Fidelity^® Variable Insurance Products Fund. This information does not indicate or represent future performance. Average Annual Total Returns will be provided for a Division for 1, 5 and 10 years, or for a shorter period, if applicable.

We base calculations of Average Annual Total Return on the assumption that a single investment of $1,000 was made at the beginning of each period. The returns do not reflect the effect of any premium tax charge, which applies in certain states, and which would reduce the average annual total returns.

The Average Annual Total Return is related to Surrender Value and is calculated as follows. The amount of the assumed $1,000 purchase payment for a Contract issued at the beginning of the period is divided by the Accumulation Unit Value of each Division at the beginning of the period shown to arrive at the number of Accumulation Units purchased. The total number of Units held under the Contract at the beginning of the last Contract Year covered by the period shown is multiplied by the Accumulation Unit Value at the end of the last Contract Year covered by the period shown to arrive at the Contract Value on that date. This Contract Value is then reduced by the applicable Contingent Deferred Sales Charge and by a factor that reflects the portion of the $30 Administration Contract Charge which would be deducted upon surrender at the end of the last Contract year in the period to arrive at the Surrender Value. The Average Annual Total Return is the annual compounded rate of return which would produce the Surrender Value on that date. In other words, the Average Annual Total Return is the rate which, when added to 1, raised to a power reflecting the number of years in the period shown, and multiplied by the initial $1,000 investment, yields the Surrender Value at the end of the period. The Accumulation Unit Values used for this purpose reflect an average per unit charge for the $30 Administration Contract charge. The Average Annual Total Returns assume that no premium tax charge has been deducted.

Average Annual Total Return, which is calculated in accordance with the SEC standardized formula, uses the inception date of the Division through which the Eligible Fund is available. Eligible Fund Total Return adjusted for Contract charges, which is non-standard performance, uses the inception date of the Eligible Fund, and therefore may reflect periods prior to the availability of the corresponding Division under the Contract. For non-standard performance, if there is a partial year included in the reporting period, we reflect only a pro rata portion of the average per unit Administration Contract charge factor for that partial year. This information does not indicate or represent future performance.

Certain portfolios of Brighthouse Funds Trust I and Brighthouse Funds Trust II have been managed by different investment advisers or investment subadvisers. Accordingly, performance may reflect the management of previous advisers or subadvisers. For prior subadvisory history see “INVESTMENT ADVICE” on page II-3.

As discussed in the prospectus in the section entitled “Investment Performance Information,” the Variable Account may illustrate historical investment performance by showing the Percentage Change in Unit Value and the Annual Effective Rate of Return of each Division of the Variable Account for every calendar year since inception of the corresponding Eligible Funds to the date of the illustration and for the 1, 5 and 10 year periods and the year-to-date period ending with the date of the illustration.

4

Such illustrations do not reflect the impact of any Contingent Deferred Sales Charge, premium tax charge, or the annual $30 Administration Contract Charge. The method of calculating the Percentage Change in Unit Value is described in the prospectus under “Investment Performance Information.” The Annual Effective Rate of Return in these illustrations is calculated by dividing the Unit Value at the end of the period by the Unit Value at the beginning of the period, raising this quantity to the power of 1/n (where n is the number of years in the period), and then subtracting 1.

We may also show daily unit values for each Division in advertising and sales literature, including our website.

Calculation of Yields

7-Day Yield

From time to time, we may quote in advertisements and sales literature the current yield for the BlackRock Ultra-Short Term Bond Division for a 7-day period in a manner that does not take into consideration any realized or unrealized gains or losses on shares of the Division or on its respective portfolio securities. The current yield is computed by: (a) determining the net change (exclusive of realized gains and losses on the sales of securities and unrealized appreciation and depreciation) at the end of the 7-day period in the value of a hypothetical account under a Contract having a balance of one Accumulation Unit at the beginning of the period, (b) dividing such net change in Division value by the Division value at the beginning of the period to determine the base period return; and (c) annualizing this quotient on a 365-day basis. The net change in Division value reflects: (1) net income from the Eligible Fund attributable to the hypothetical account; and (2) charges and deductions imposed under the Contract which are attributable to the hypothetical account. The charges and deductions include the per unit charges for the hypothetical account for: (1) the Variable Account annual expense charge (1.35%) and (2) the annual $30 Administration Contract Charge. For purposes of calculating current yield for a Contract, an average per unit Administration Contract Charge is used.

The current yield will be calculated according to the following formula:

Current Yield = ((NCF-ES)/UV) x (365/7)

Where:

NCF = the net change in the value of the Eligible Fund (exclusive of realized gains and losses on the sale of securities and unrealized appreciation and depreciation) for the 7-day period attributable to a hypothetical account having a balance of one Accumulation Unit.

ES = per unit expenses for the hypothetical account for the 7-day period.

UV = the unit value on the first day of the 7-day period.

We may also quote the effective yield of the BlackRock Ultra-Short Term Bond Division for the same 7-day period, determined on a compounded basis. The effective yield is calculated by compounding the unannualized base period return according to the following formula:

Effective Yield = (1 + ((NCF-ES)/UV))365/7-1

Where:

NCF = the net change in the value of the Eligible Fund (exclusive of realized gains and losses on the sale of securities and unrealized appreciation and depreciation) for the 7-day period attributable to a hypothetical account having a balance of one Accumulation Unit.

5

ES = per unit expenses of the hypothetical account for the 7-day period.

UV = the unit value for the first day of the 7-day period.

Because of the charges and deductions imposed under the Contract, the yield for the BlackRock Ultra-Short Term Bond Division will be lower than the yield for the corresponding underlying Eligible Fund. The yields on amounts held in the BlackRock Ultra-Short Term Bond Division normally will fluctuate on a daily basis. Therefore, the disclosed yield for any given past period is not an indication or representation of future yields or rates of return. The actual yield for the division is affected by changes in interest rates on portfolio securities, average portfolio maturity of the underlying Eligible Fund, the types and qualities of portfolio securities held by the Eligible Fund, and the Eligible Fund’s operating expenses. Yields on amounts held in the BlackRock Ultra-Short Term Bond Division may also be presented for periods other than a 7-day period.

Other Division Yields

From time to time, we may quote in sales literature or advertisements the current annualized yield of one or more of the Divisions for a Contract for a 30-day or one-month period. The annualized yield of a Division refers to income generated by the Division over a specified 30-day or one-month period. Because the yield is annualized, the yield generated by the Division during the 30-day or one-month period is assumed to be generated each period over a 12-month period. The yield is computed by: (1) dividing the net investment income of the Eligible Fund attributable to the Division units less division expenses for the period; by (2) the maximum offering price per unit on the last day of the period times the daily average number of units outstanding for the period; then (3) compounding that yield for a 6-month period; and then (4) multiplying that result by 2. The charges and deductions include the per unit charges for the hypothetical account for: (1) the Variable Account annual expense charge (1.35%); and (2) the annual $30 Administration Contract Charge. For purposes of calculating the 30-day or one-month yield, an average per unit Administration Contract Charge is used.

The 30-day or one-month yield is calculated according to the following formula:

Yield = 2 x ((((NI-ES)/(U x UV)) + 1)6-1)

Where:

NI = net investment income of the Eligible Fund for the 30-day or one-month period attributable to the Division’s units.

ES = expenses of the Division for the 30-day or one-month period.

U = the average number of units outstanding.

UV = the Accumulation Unit Value at the close of the last day in the 30-day or one-month period.

Because of the charges and deductions imposed under the Contracts, the yield for a Division will be lower than the yield for the corresponding Eligible Fund. The yield on the amounts held in the Divisions normally will fluctuate over time. Therefore, the disclosed yield for any given past period is not an indication or representation of future yields or rates of return. A Division’s actual yield is affected by the types and quality of portfolio securities held by the corresponding Eligible Fund, and its operating expenses.

6

Net Investment Factor

The net investment factor (“Net Investment Factor”) for each Division is determined on each day on which the New York Stock Exchange is open for trading as follows:

(1)	The net asset value per share of the Eligible Fund held in the Division determined as of the close of regular trading on the New York Stock Exchange on a particular day;
(2)	Plus the per share amount of any dividend or capital gains distribution made by the Eligible Fund since the close of regular trading on the New York Stock Exchange on the preceding trading day.
(3)	Is divided by the net asset value per share of the Eligible Fund as of the close of regular trading on the New York Stock Exchange on the preceding trading day; and
(4)	Finally, the daily charges for the Administration Asset Charge and Mortality and Expense Risk Charge that have accumulated since the close of regular trading on the New York Stock Exchange on the preceding trading day are subtracted. (See “Administration Charges, Contingent Deferred Sales Charge and Other Deductions” in the prospectus.) On an annual basis, the total deduction for such charges equals 1.35% of the daily net asset value of the Variable Account.

Annuity Payments

At annuitization, the Contract Value is applied toward the purchase of variable annuity payments. The amount of these payments will be determined on the basis of (i) annuity purchase rates not lower than the rates set forth in the Life Income Tables contained in the Contract that reflect the age of the Payee at annuitization, (ii) the assumed investment return selected, (iii) the type of payment option selected, and (iv) the investment performance of the Eligible Fund selected.

When a variable payment option is selected, the Contract proceeds will be applied at annuity purchase rates, which vary depending on the particular option selected and the age of the Payee, to calculate the initial payment. We will fix the annuity payments in amount and duration by the annuity payment option selected, and by the age and sex of the Payee. For contracts issued in situations involving an employer-sponsored plan subject to ERISA, we fix annuity payments in amount and duration using the same criteria except we do not take into account the sex of the Payee. The impact of the choice of option and the sex and age of the Payee on the level of annuity payments is described in the prospectus under “Amount of Variable Annuity Payments.”

The amount of the initial payment is determined by applying the applicable annuity purchase rate to the amount applied from each Division to provide the annuity. This initial payment is converted into Annuity Units, the number of which remains constant. Each annuity payment is in an amount equal to that number of Annuity Units multiplied by the applicable Annuity Unit Value for that payment (described below). The applicable Annuity Unit Value for each Division will change from day to day depending upon the investment performance of the Division, which in turn depends upon the investment performance of the Eligible Fund in which the Division invests.

The selection of an assumed investment return (“Assumed Investment Return”) will affect both the initial payment and the amount by which subsequent payments increase or decrease. The initial payment is calculated on the assumption that the Net Investment Factors applicable to the Contract will be equivalent on an annual basis to a net investment return at the Assumed Investment Return. If this assumption is met following the date any payment is determined, then the amount of the next

7

payment will be exactly equal to the amount of the preceding payment. If the actual Net Investment Factors are equivalent to a net investment return greater than the Assumed Investment Return, the next payment will be larger than the preceding one; if the actual Net Investment Factors are equivalent to a net investment return smaller than the Assumed Investment Return, then the next payment will be smaller than the preceding payment. The definition of the Assumed Investment Return, and the effect of the level of the Assumed Investment Return on the amount of payments is explained in the prospectus under “Amount of Variable Annuity Payments.”

The number of Annuity Units credited under a variable payment option is determined as follows:

(1)

The proceeds under a deferred Contract, or the net purchase payment under an immediate Contract, are applied at the Company’s annuity purchase rates for the selected Assumed Investment Return to determine the initial payment. (The amount of Contract Value or Death Proceeds applied will be reduced by any applicable Contingent Deferred Sales Charge, Administration Contract Charge and the amount of any outstanding loan plus accrued interest.)

(2)

The number of Annuity Units is determined by dividing the amount of the initial payment by the applicable Annuity Unit Value(s) next determined following the date of application of proceeds (in the case of a deferred Contract) or net purchase payment.

The dollar amount of the initial payment will be determined as described above. The dollar amount of each subsequent payment is determined by multiplying the number of Annuity Units by the applicable Annuity Unit Value which is determined at least 14 days before the payment is due.

The value of an Annuity Unit for each Division depends on the Assumed Investment Return and on the Net Investment Factors applicable at the time of valuation. The initial Annuity Unit Values were set at $1.00 effective on or about the date on which shares of the corresponding Eligible Funds were first publicly available. The Net Investment Factor and, therefore, changes in the value of an Annuity Unit under a variable payment option, reflect the deduction of the Mortality and Expense Risk Charge and Administration Asset Charge. (See “Net Investment Factor” above.)

The Annuity Unit Value for each Division is equal to the corresponding Annuity Unit Value for the Division previously determined multiplied by the applicable Net Investment Factor for that Division for the New York Stock Exchange trading day then ended, and further multiplied by the assumed interest factor (“Assumed Interest Factor”) for each day of the valuation period. The Assumed Interest Factor represents the daily equivalent of the Contract’s annual Assumed Investment Return. In the calculation of Annuity Unit Values, the Assumed Interest Factor has the effect of reducing the Net Investment Factor by an amount equal to the daily equivalent of the Contract’s Assumed Investment Return. The result of this adjustment is that if the Net Investment Factor for a valuation period is greater (when expressed as an annual net investment return) than the Assumed Investment Return, the Annuity Unit Value will increase. If the Net Investment Factor for the period is less (when expressed as an annual net investment return) than the Assumed Investment Return, the Annuity Unit Value will decrease. At an Assumed Investment Return of 3.5%, the Assumed Interest Factor is .9999058. The Assumed Interest Factor for a 5% Assumed Investment Return is computed on a consistent basis.

8

Transfers among the variable Divisions will be made by converting the number of Annuity Units being transferred to the number of Annuity Units of the Division to which the transfer is made, so that the next annuity payment, if it were made at that time, would be the same amount that it would have been without the transfer. Thereafter, annuity payments will reflect changes in the value of the new Annuity Units.

Hypothetical Illustrations of Annuity Income Payouts

We may provide illustrations to show how variable annuity payments under the Contract change with investment performance over an extended period of time. The illustrations show how annuity income payments would vary over time if the return on assets in the selected portfolios were a uniform gross annual rate of return of up to 10%. One of the gross rates illustrated is 0%. The values would be different from those shown if the actual returns averaged the illustrated rates but fluctuated over and under those averages throughout the years.

The illustrations reflect the Contract charges applicable to the Contract and take into account the Eligible Funds’ management fees and other operating expenses. The annuity payments illustrated are on a pre-tax basis. The Federal income tax treatment of annuity income considerations is generally described in the section of your current prospectus entitled “FEDERAL INCOME TAX CONSIDERATIONS”.

When part of the Contract Value has been allocated to the fixed annuity income option, the guaranteed minimum annuity income payment resulting from this allocation is also shown. The illustrated variable annuity income payments are determined through the use of standard mortality tables and an assumed Investment Return of 3.5% per year. Thus, actual performance greater than 3.5% per year will result in increasing annuity income payments and actual performance less than 3.5% per year will result in decreasing annuity income payments. The Company offers an alternative Assumed Interest Rate of 5% which you may select. Fixed annuity income payments remain constant. Initial annuity income payments under a fixed annuity income payout are generally higher than initial payments under a variable income payout option.

The illustrations may show the income payments for more than one hypothetical constant Assumed Investment Return. Of course, actual investment performance will not be constant and may be volatile. Actual income amounts would differ from those shown if the actual rate of return averaged the rate shown over a period of years, but also fluctuated above or below those averages for individual contract years.

We may also illustrate the growth and value of a specified purchase payment or payments prior to annuitization based on hypothetical returns. In these illustrations we may use any assumed gross annual rate up to 12%.

Historical Illustrations of Annuity Income Payouts

We may also provide illustrations to show how variable annuity income payments under the Contract change with investment performance over an extended period of time. In comparison with hypothetical illustrations based on a uniform annual rate of return, these tables use historical annual returns to illustrate that annuity income payments vary over time based on fluctuations in annual returns.

9

The illustrations reflect the daily charge to the Divisions for assuming mortality and expense risks, which is equivalent to an annual charge of .95% (1.20% for certain Division(s) and the daily administration asset charge which is equivalent to an annual charge of .40%. The amounts shown in the table also take into account the actual Eligible Funds’ management fees and operating expenses. Actual fees and expenses of the Eligible Funds associated with your Contract may be more or less than the historical fees, will vary from year to year, and will depend on how you allocate your Contract Value. See the section in your current prospectus entitled “Expense Table” for more complete details. The annuity income payments illustrated are on a pre-tax basis. The Federal income tax treatment of annuity income considerations is generally described in the section of your current prospectus entitled “FEDERAL INCOME TAX CONSIDERATIONS.”

The illustrations reflect the performance from the year of inception of the Selected Eligible Fund(s). The historical variable annuity income payments are based on an assumed investment return. If the Assumed Investment Return (AIR) is 3.5%, then actual performance greater than 3.5% per year results in an increased annuity income payment and actual performance less than 3.5% per year results in a decreased annuity income payment. We offer an alternative Assumed Investment Return of 5%. An AIR of 3.5% will result in a lower initial payment than a 5% AIR. Similarly, an AIR of 5% will result in a higher initial payment than a 3.5% AIR. The illustrations are based on the current annuity purchase rates used by us. The rates may differ at the time you annuitize.

The illustrations show the amount of the first payment for each year shown. During each year, the payments would vary to reflect fluctuations in the actual rate of return on the Eligible Funds.

Tax Status of the Contracts

Tax law imposed several requirements that variable annuities must satisfy in order to receive the tax treatment normally accorded to annuity contracts.

Diversification Requirements. Section 817 of the Internal Revenue Code (Code) requires that the investments of each Division be “adequately diversified” in order for the Contracts to be treated as annuity contracts for Federal income tax purposes. It is intended that each Division, through the Eligible Fund in which it invests, will satisfy these diversification requirements.

If Eligible Fund shares are sold directly to tax-qualified retirement plans that later lose their tax-qualified status or to non-qualified plans, the separate accounts investing in the fund may fail the diversification requirements of Section 817, which could have adverse tax consequences for variable Contract Owners, including losing the benefit of tax deferral.

Required Distributions. In order to be treated as an annuity contract for Federal income tax purposes, Section 72(s) of the Code generally requires any Non-Qualified Contract to contain certain provisions specifying how your interest in the Contract will be distributed in the event of the death of an Owner of the Contract (or on the death of, or change in, any primary Annuitant where the Contract is owned by a non-natural person). Specifically, section 72(s) requires that (a) if any Owner dies on or after the annuity starting date, but prior to the time the entire interest in the Contract has been distributed, the entire interest in the Contract will be distributed at least as rapidly as under the method of distribution being used as of the date of such Owner’s death; and (b) if any Owner dies prior to the annuity starting date, the entire interest in the Contract will be distributed within five years after the date of such Owner’s death. These requirements will be considered satisfied as to any portion of an Owner’s interest which is payable to or for the benefit of a designated beneficiary and which is

10

distributed over the life of such designated beneficiary or over a period not extending beyond the life expectancy of that beneficiary, provided that such distributions begin within one year of the Owner’s death. The designated beneficiary refers to a natural person designated by the Owner as a beneficiary and to whom ownership of the Contract passes by reason of death. However, if the designated beneficiary is the surviving spouse of the deceased Owner, the Contract may be continued with the surviving spouse as the new Owner.

The Non-Qualified Contracts contain provisions that are intended to comply with these Code requirements, although no regulations interpreting these requirements have yet been issued. We intend to review such provisions and modify them if necessary to assure that they comply with the applicable requirements when such requirements are clarified by regulation or otherwise.

Other rules may apply to Qualified Contracts.

Legal Matters

The SEC requires the Eligible Funds’ Board of Trustees (or Directors) to monitor events to identify conflicts that may arise from the sale of shares to variable life and variable annuity separate accounts of affiliated and, if applicable, unaffiliated insurance companies and to Qualified Plans, if applicable. Conflicts could arise as a result of changes in state insurance law or Federal income tax law, changes in investment management of any portfolio of the Eligible Funds, or differences between voting instructions given by variable life and variable annuity contract owners and Qualified Plans, for example. If there is a material conflict, the Boards of Trustees (or Directors) will have an obligation to determine what action should be taken, including the removal of the affected division(s) from the Eligible Fund(s), if necessary. If the Company believes any Eligible Fund action is insufficient, the Company will consider taking other action to protect Contract Owners. There could, however, be unavoidable delays or interruptions of operations of the Variable Account that the Company may be unable to remedy.

Independent Registered Public Accounting Firm

The financial statements comprising each of the Divisions of Metropolitan Life Separate Account E included in this Statement of Additional Information have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report appearing herein. Such financial statements are included in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.

The consolidated financial statements and related financial statement schedules of Metropolitan Life Insurance Company and subsidiaries included in this Statement of Additional Information have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report appearing herein. Such consolidated financial statements and financial statement schedules are included in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.

The principal business address of Deloitte & Touche LLP is 30 Rockefeller Plaza, New York, New York 10112-0015.

11

FINANCIAL STATEMENTS

The financial statements and financial highlights comprising each of the Divisions of the Variable Account and the consolidated financial statements of the Company are included herein.

The financial statements of the Company should be considered only as bearing upon the ability of the Company to meet its obligations under the contract.

12

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Contract Owners of
Metropolitan Life Separate Account E
and Board of Directors of
Metropolitan Life Insurance Company

OPINION ON THE FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS

We have audited the accompanying statements of assets and liabilities of
Metropolitan Life Separate Account E (the "Separate Account") of Metropolitan
Life Insurance Company (the "Company") comprising each of the individual
Divisions listed in Notes 2 and 3A as of December 31, 2019, the related
statements of operations for the year then ended, the statements of changes in
net assets for each of the two years in the period then ended, and the
financial highlights in Note 8 for each of the five years in the period then
ended for the Divisions, except for the Divisions included in the table below;
the related statements of operations, changes in net assets, and the financial
highlights for the Divisions and periods indicated in the table below; and the
related notes. In our opinion, the financial statements and financial
highlights present fairly, in all material respects, the financial position of
each of the Divisions constituting the Separate Account of the Company as of
December 31, 2019, and the results of their operations for the year then ended
(or for the periods listed in the table below), the changes in their net assets
for each of the two years in the period then ended (or for the periods listed
in the table below), and the financial highlights for each of the five years in
the period then ended (or for the periods listed in the table below), in
conformity with accounting principles generally accepted in the United States
of America.



-------------------------------------------------------------------------------------------------------

     INDIVIDUAL DIVISIONS                            STATEMENTS OF
    COMPRISING THE SEPARATE      STATEMENT OF         CHANGES IN
            ACCOUNT               OPERATIONS          NET ASSETS            FINANCIAL HIGHLIGHTS
-------------------------------------------------------------------------------------------------------

  American Funds(R) Global    For the year ended  For the years ended  For the years ended December 31,
  Growth Division             December 31, 2019   December 31, 2019    2019, 2018, 2017 and 2016
  Delaware VIP Small Cap                          and 2018             (commenced October 31, 2013
  Value Division                                                       and began transactions in 2016)
  Fidelity(R) VIP Mid Cap
  Division
  FTVIPT Templeton
  Developing Markets VIP
  Division
  FTVIPT Templeton Foreign
  VIP Division
  Janus Henderson Enterprise
  Division
  LMPVET ClearBridge
  Variable Appreciation
  Division
  LMPVET ClearBridge
  Variable Dividend Strategy
  Division
  LMPVET ClearBridge
  Variable Large Gap Growth
  Division
  LMPVET ClearBridge
  Variable Small Gap Growth
  Division
  LMPVIT Western Asset
  Core Plus Division

-------------------------------------------------------------------------------------------------------







------------------------------------------------------------------------------------------------------------------------------------

     INDIVIDUAL DIVISIONS                             STATEMENTS OF
    COMPRISING THE SEPARATE      STATEMENT OF          CHANGES IN
            ACCOUNT               OPERATIONS           NET ASSETS
------------------------------------------------------------------------------------------------------------------------------------

  BHFTI Brighthouse/Artisan   For the year ended   For the years ended
  International Division      December 31, 2019    December 31, 2019
  BHFTI Wells Capital                              and 2018
  Management Mid Cap
  Value Division
  BlackRock Global
  Allocation V.I. Division
  Ivy VIP Asset Strategy
  Division
  PIMCO VIT Dynamic
  Bond Division

------------------------------------------------------------------------------------------------------------------------------------
  BHFTI Invesco Comstock      For the year ended   For the years ended
  Division                    December 31, 2019    December 31, 2019
  BHFTI T. Rowe Price Large                        and 2018
  Cap Value Division
  TAP 1919 Variable Socially
  Responsive Balanced
  Division

------------------------------------------------------------------------------------------------------------------------------------
  BHFTI TCW Core Fixed        For the year ended   For the years ended
  Income Division             December 31, 2019    December 31, 2019
                                                   and 2018



------------------------------------------------------------------------------------------------------------------------------------
  Fidelity(R) VIP Freedom     For the year ended   For the years ended
  2020 Division               December 31, 2019    December 31, 2019
  Fidelity(R) VIP Freedom                          and 2018
  2025 Division
  Fidelity(R) VIP Freedom
  2030 Division
  Fidelity(R) VIP Freedom
  2040 Division
  Fidelity(R) VIP Freedom
  2050 Division

------------------------------------------------------------------------------------------------------------------------------------
  Fidelity(R) VIP Freedom     For the year ended   For the year ended December 31, 2019 and the period
  2035 Division               December 31, 2019    from April 30, 2018 (commencement of operations)
  Fidelity(R) VIP Freedom                          through December 31, 2018
  2045 Division

------------------------------------------------------------------------------------------------------------------------------------
  Oppenheimer Global Multi-   For the period from  For the period from
  Alternatives Fund/VA        January 1, 2019 to   January 1, 2019 to
  Division                    April 26, 2019       April 26, 2019 and
                                                   the year ended
                                                   December 31, 2018



------------------------------------------------------------------------------------------------------------------------------------


------------------------------------------------------------------------------------------------------------------------------------

     INDIVIDUAL DIVISIONS
    COMPRISING THE SEPARATE
            ACCOUNT                FINANCIAL HIGHLIGHTS
------------------------------------------------------------------------------------------------------------------------------------

  BHFTI Brighthouse/Artisan   For the years ended December 31,
  International Division      2019, 2018, 2017, 2016, and 2015
  BHFTI Wells Capital         (commenced November 19, 2014
  Management Mid Cap          and began transactions in 2015)
  Value Division
  BlackRock Global
  Allocation V.I. Division
  Ivy VIP Asset Strategy
  Division
  PIMCO VIT Dynamic
  Bond Division

------------------------------------------------------------------------------------------------------------------------------------
  BHFTI Invesco Comstock      For the years ended December 31,
  Division                    2019, 2018, 2017, 2016 and 2015
  BHFTI T. Rowe Price Large   (commenced December 13, 2013
  Cap Value Division          and began transactions in 2015)
  TAP 1919 Variable Socially
  Responsive Balanced
  Division

------------------------------------------------------------------------------------------------------------------------------------
  BHFTI TCW Core Fixed        For the years ended December 31,
  Income Division             2019, 2018, 2017, 2016, and the
                              period from May 1, 2015
                              (commencement of operations)
                              through December 31, 2015

------------------------------------------------------------------------------------------------------------------------------------
  Fidelity(R) VIP Freedom     For the years ended December 31,
  2020 Division               2019, 2018, 2017 and 2016
  Fidelity(R) VIP Freedom     (commenced May 1, 2015 and
  2025 Division               began transactions in 2016)
  Fidelity(R) VIP Freedom
  2030 Division
  Fidelity(R) VIP Freedom
  2040 Division
  Fidelity(R) VIP Freedom
  2050 Division

------------------------------------------------------------------------------------------------------------------------------------
  Fidelity(R) VIP Freedom
  2035 Division
  Fidelity(R) VIP Freedom
  2045 Division

------------------------------------------------------------------------------------------------------------------------------------
  Oppenheimer Global Multi-   For the period January 1, 2019 to
  Alternatives Fund/VA        April 26, 2019 (the closure of
  Division                    operations), for the year ended
                              December 31, 2018, and for the
                              period April 28, 2017
                              (commencement of operations)
                              through December 31, 2017

------------------------------------------------------------------------------------------------------------------------------------








BASIS FOR OPINION

These financial statements and financial highlights are the responsibility of
the Separate Account's management. Our responsibility is to express an opinion
on the Separate Account's financial statements and financial highlights based
on our audits. We are a public accounting firm registered with the Public
Company Accounting Oversight Board (United States) (PCAOB) and are required to
be independent with respect to the Separate Account in accordance with the U.S.
federal securities laws and the applicable rules and regulations of the
Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those
standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements and financial highlights are
free of material misstatement, whether due to error or fraud. The Separate
Account is not required to have, nor were we engaged to perform, an audit of
its internal control over financial reporting. As part of our audits we are
required to obtain an understanding of internal control over financial
reporting but not for the purpose of expressing an opinion on the effectiveness
of the Separate Account's internal control over financial reporting.
Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material
misstatement of the financial statements and financial highlights, whether due
to error or fraud, and performing procedures that respond to those risks. Such
procedures included examining, on a test basis, evidence regarding the amounts
and disclosures in the financial statements and financial highlights. Our
audits also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of
the financial statements and financial highlights. Our procedures included
confirmation of investments owned as of December 31, 2019, by correspondence
with the custodian or mutual fund companies. We believe that our audits provide
a reasonable basis for our opinion.



/s/ DELOITTE & TOUCHE LLP

Tampa, Florida
March 27, 2020



We have served as the Separate Account's auditor since 1984.




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                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                    STATEMENTS OF ASSETS AND LIABILITIES
                              DECEMBER 31, 2019




                                                                                           AMERICAN FUNDS(R)
                                             AMERICAN FUNDS(R)      AMERICAN FUNDS(R)        GLOBAL SMALL         AMERICAN FUNDS(R)
                                                   BOND               GLOBAL GROWTH         CAPITALIZATION             GROWTH
                                                 DIVISION               DIVISION               DIVISION               DIVISION
                                           --------------------   --------------------   --------------------   --------------------

ASSETS:
   Investments at fair value............   $         77,224,153   $            242,938   $        437,123,742   $      1,023,148,166
   Due from Metropolitan Life
     Insurance Company..................                     --                     --                     --                      1
                                           --------------------   --------------------   --------------------   --------------------
        Total Assets....................             77,224,153                242,938            437,123,742          1,023,148,167
                                           --------------------   --------------------   --------------------   --------------------
LIABILITIES:
   Accrued fees.........................                     87                      3                    136                     75
   Due to Metropolitan Life
     Insurance Company..................                     --                     --                     --                     --
                                           --------------------   --------------------   --------------------   --------------------
        Total Liabilities...............                     87                      3                    136                     75
                                           --------------------   --------------------   --------------------   --------------------

NET ASSETS..............................   $         77,224,066   $            242,935   $        437,123,606   $      1,023,148,092
                                           ====================   ====================   ====================   ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...   $         77,092,465   $            242,935   $        436,488,174   $      1,021,966,126
   Net assets from contracts in payout..                131,601                     --                635,432              1,181,966
                                           --------------------   --------------------   --------------------   --------------------
        Total Net Assets................   $         77,224,066   $            242,935   $        437,123,606   $      1,023,148,092
                                           ====================   ====================   ====================   ====================


 The accompanying notes are an integral part of these financial statements.


                                     E-1



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
                              DECEMBER 31, 2019




                                                                                         BHFTI AMERICAN        BHFTI AMERICAN
                                            AMERICAN FUNDS(R)      BHFTI AB GLOBAL      FUNDS(R) BALANCED      FUNDS(R) GROWTH
                                              GROWTH-INCOME      DYNAMIC ALLOCATION        ALLOCATION            ALLOCATION
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $        767,275,644  $      1,348,392,187  $        800,925,922  $        451,501,054
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................           767,275,644         1,348,392,187           800,925,922           451,501,054
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    66                    37                    66                    35
   Due to Metropolitan Life
     Insurance Company..................                    --                     1                     1                     1
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    66                    38                    67                    36
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $        767,275,578  $      1,348,392,149  $        800,925,855  $        451,501,018
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        765,655,537  $      1,348,254,354  $        800,520,020  $        451,278,119
   Net assets from contracts in payout..             1,620,041               137,795               405,835               222,899
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $        767,275,578  $      1,348,392,149  $        800,925,855  $        451,501,018
                                          ====================  ====================  ====================  ====================


                                                                   BHFTI AMERICAN                              BHFTI BLACKROCK
                                             BHFTI AMERICAN       FUNDS(R) MODERATE     BHFTI AQR GLOBAL       GLOBAL TACTICAL
                                             FUNDS(R) GROWTH         ALLOCATION           RISK BALANCED          STRATEGIES
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $        333,656,508  $        786,219,737  $      1,036,049,567  $      1,726,223,593
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                     1                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................           333,656,508           786,219,737         1,036,049,568         1,726,223,593
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    59                    32                    23                    44
   Due to Metropolitan Life
     Insurance Company..................                    --                     1                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    59                    33                    23                    44
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $        333,656,449  $        786,219,704  $      1,036,049,545  $      1,726,223,549
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        333,581,062  $        785,675,536  $      1,035,987,184  $      1,726,002,398
   Net assets from contracts in payout..                75,387               544,168                62,361               221,151
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $        333,656,449  $        786,219,704  $      1,036,049,545  $      1,726,223,549
                                          ====================  ====================  ====================  ====================



                                             BHFTI BLACKROCK      BHFTI BRIGHTHOUSE
                                               HIGH YIELD       ASSET ALLOCATION 100
                                                DIVISION              DIVISION
                                          --------------------  --------------------

ASSETS:
   Investments at fair value............  $            449,646  $        237,520,307
   Due from Metropolitan Life
     Insurance Company..................                    --                    --
                                          --------------------  --------------------
        Total Assets....................               449,646           237,520,307
                                          --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    20                    60
   Due to Metropolitan Life
     Insurance Company..................                    --                     1
                                          --------------------  --------------------
        Total Liabilities...............                    20                    61
                                          --------------------  --------------------

NET ASSETS..............................  $            449,626  $        237,520,246
                                          ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $            449,626  $        231,028,735
   Net assets from contracts in payout..                    --             6,491,511
                                          --------------------  --------------------
        Total Net Assets................  $            449,626  $        237,520,246
                                          ====================  ====================


 The accompanying notes are an integral part of these financial statements.


                                     E-2



 The accompanying notes are an integral part of these financial statements.


                                     E-3



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
                              DECEMBER 31, 2019





                                                                                       BHFTI BRIGHTHOUSE/    BHFTI BRIGHTHOUSE/
                                            BHFTI BRIGHTHOUSE     BHFTI BRIGHTHOUSE     ABERDEEN EMERGING          ARTISAN
                                              BALANCED PLUS        SMALL CAP VALUE       MARKETS EQUITY         INTERNATIONAL
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $      3,610,425,468  $         17,894,769  $         46,669,869  $              2,094
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................         3,610,425,468            17,894,769            46,669,869                 2,094
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    24                    28                    52                     4
   Due to Metropolitan Life
     Insurance Company..................                     1                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    25                    28                    52                     4
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $      3,610,425,443  $         17,894,741  $         46,669,817  $              2,090
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $      3,609,931,175  $         17,894,741  $         46,661,107  $              2,090
   Net assets from contracts in payout..               494,268                    --                 8,710                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $      3,610,425,443  $         17,894,741  $         46,669,817  $              2,090
                                          ====================  ====================  ====================  ====================


                                                                 BHFTI BRIGHTHOUSE/                          BHFTI BRIGHTHOUSE/
                                           BHFTI BRIGHTHOUSE/         FRANKLIN         BHFTI BRIGHTHOUSE/        WELLINGTON
                                               EATON VANCE          LOW DURATION            TEMPLETON             LARGE CAP
                                              FLOATING RATE         TOTAL RETURN       INTERNATIONAL BOND         RESEARCH
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $         26,783,966  $         73,642,950  $          5,449,882  $        741,294,881
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................            26,783,966            73,642,950             5,449,882           741,294,881
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    31                    73                    43                   101
   Due to Metropolitan Life
     Insurance Company..................                    --                    --                     1                     1
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    31                    73                    44                   102
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $         26,783,935  $         73,642,877  $          5,449,838  $        741,294,779
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $         26,783,935  $         73,582,757  $          5,449,838  $        731,816,127
   Net assets from contracts in payout..                    --                60,120                    --             9,478,652
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $         26,783,935  $         73,642,877  $          5,449,838  $        741,294,779
                                          ====================  ====================  ====================  ====================



                                                                    BHFTI HARRIS
                                              BHFTI CLARION            OAKMARK
                                           GLOBAL REAL ESTATE       INTERNATIONAL
                                                DIVISION              DIVISION
                                          --------------------  --------------------

ASSETS:
   Investments at fair value............  $        182,528,864  $        425,579,737
   Due from Metropolitan Life
     Insurance Company..................                     5                    --
                                          --------------------  --------------------
        Total Assets....................           182,528,869           425,579,737
                                          --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                   124                   123
   Due to Metropolitan Life
     Insurance Company..................                    --                     1
                                          --------------------  --------------------
        Total Liabilities...............                   124                   124
                                          --------------------  --------------------

NET ASSETS..............................  $        182,528,745  $        425,579,613
                                          ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        182,300,676  $        424,697,006
   Net assets from contracts in payout..               228,069               882,607
                                          --------------------  --------------------
        Total Net Assets................  $        182,528,745  $        425,579,613
                                          ====================  ====================


 The accompanying notes are an integral part of these financial statements.


                                     E-4



 The accompanying notes are an integral part of these financial statements.


                                     E-5



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
                              DECEMBER 31, 2019




                                              BHFTI INVESCO
                                              BALANCED-RISK         BHFTI INVESCO         BHFTI INVESCO         BHFTI INVESCO
                                               ALLOCATION             COMSTOCK            GLOBAL EQUITY       SMALL CAP GROWTH
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $        461,843,484  $             57,882  $        261,214,829  $         51,053,997
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................           461,843,484                57,882           261,214,829            51,053,997
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    29                    12                   105                   132
   Due to Metropolitan Life
     Insurance Company..................                    --                    --                     3                     1
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    29                    12                   108                   133
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $        461,843,455  $             57,870  $        261,214,721  $         51,053,864
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        461,747,115  $             57,870  $        260,897,881  $         51,011,844
   Net assets from contracts in payout..                96,340                    --               316,840                42,020
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $        461,843,455  $             57,870  $        261,214,721  $         51,053,864
                                          ====================  ====================  ====================  ====================


                                                                        BHFTI
                                             BHFTI JPMORGAN        JPMORGAN GLOBAL       BHFTI JPMORGAN      BHFTI LOOMIS SAYLES
                                                CORE BOND         ACTIVE ALLOCATION      SMALL CAP VALUE      GLOBAL ALLOCATION
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  ---------------------

ASSETS:
   Investments at fair value............  $         74,355,010  $        803,699,993  $         18,936,979  $        107,109,844
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  ---------------------
        Total Assets....................            74,355,010           803,699,993            18,936,979           107,109,844
                                          --------------------  --------------------  --------------------  ---------------------
LIABILITIES:
   Accrued fees.........................                    25                    32                    57                    43
   Due to Metropolitan Life
     Insurance Company..................                     1                     1                     1                     1
                                          --------------------  --------------------  --------------------  ---------------------
        Total Liabilities...............                    26                    33                    58                    44
                                          --------------------  --------------------  --------------------  ---------------------

NET ASSETS..............................  $         74,354,984  $        803,699,960  $         18,936,921  $        107,109,800
                                          ====================  ====================  ====================  =====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $         74,321,566  $        803,679,006  $         18,934,800  $        107,099,583
   Net assets from contracts in payout..                33,418                20,954                 2,121                10,217
                                          --------------------  --------------------  --------------------  ---------------------
        Total Net Assets................  $         74,354,984  $        803,699,960  $         18,936,921  $        107,109,800
                                          ====================  ====================  ====================  =====================


                                                                     BHFTI METLIFE
                                           BHFTI LOOMIS SAYLES        MULTI-INDEX
                                                 GROWTH              TARGETED RISK
                                                DIVISION               DIVISION
                                          ---------------------  --------------------

ASSETS:
   Investments at fair value............  $        467,060,252   $        884,702,407
   Due from Metropolitan Life
     Insurance Company..................                    --                     --
                                          ---------------------  --------------------
        Total Assets....................           467,060,252            884,702,407
                                          ---------------------  --------------------
LIABILITIES:
   Accrued fees.........................                   114                     31
   Due to Metropolitan Life
     Insurance Company..................                     1                     --
                                          ---------------------  --------------------
        Total Liabilities...............                   115                     31
                                          ---------------------  --------------------

NET ASSETS..............................  $        467,060,137   $        884,702,376
                                          =====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        466,835,670   $        884,643,127
   Net assets from contracts in payout..               224,467                 59,249
                                          ---------------------  --------------------
        Total Net Assets................  $        467,060,137   $        884,702,376
                                          =====================  ====================


 The accompanying notes are an integral part of these financial statements.


                                     E-6



 The accompanying notes are an integral part of these financial statements.


                                     E-7



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
                              DECEMBER 31, 2019




                                              BHFTI MFS(R)              BHFTI               BHFTI                 BHFTI
                                                RESEARCH           MORGAN STANLEY      PANAGORA GLOBAL       PIMCO INFLATION
                                              INTERNATIONAL           DISCOVERY       DIVERSIFIED RISK       PROTECTED BOND
                                                DIVISION              DIVISION            DIVISION              DIVISION
                                          --------------------  -------------------  -------------------  --------------------

ASSETS:
   Investments at fair value............  $        168,375,513  $       423,750,368  $        84,293,139  $        327,258,667
   Due from Metropolitan Life
     Insurance Company..................                    --                   --                   --                    --
                                          --------------------  -------------------  -------------------  --------------------
        Total Assets....................           168,375,513          423,750,368           84,293,139           327,258,667
                                          --------------------  -------------------  -------------------  --------------------
LIABILITIES:
   Accrued fees.........................                   142                  121                   34                    81
   Due to Metropolitan Life
     Insurance Company..................                     1                   --                    1                     1
                                          --------------------  -------------------  -------------------  --------------------
        Total Liabilities...............                   143                  121                   35                    82
                                          --------------------  -------------------  -------------------  --------------------

NET ASSETS..............................  $        168,375,370  $       423,750,247  $        84,293,104  $        327,258,585
                                          ====================  ===================  ===================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        167,923,556  $       422,925,388  $        84,265,591  $        326,794,733
   Net assets from contracts in payout..               451,814              824,859               27,513               463,852
                                          --------------------  -------------------  -------------------  --------------------
        Total Net Assets................  $        168,375,370  $       423,750,247  $        84,293,104  $        327,258,585
                                          ====================  ===================  ===================  ====================


                                                                                             BHFTI
                                              BHFTI PIMCO         BHFTI SCHRODERS         SSGA GROWTH              BHFTI
                                             TOTAL RETURN       GLOBAL MULTI-ASSET      AND INCOME ETF        SSGA GROWTH ETF
                                               DIVISION              DIVISION              DIVISION              DIVISION
                                          -------------------  --------------------  --------------------  -------------------

ASSETS:
   Investments at fair value............  $       715,395,471  $        802,843,493  $        680,227,036  $       138,322,375
   Due from Metropolitan Life
     Insurance Company..................                   --                    --                    --                   --
                                          -------------------  --------------------  --------------------  -------------------
        Total Assets....................          715,395,471           802,843,493           680,227,036          138,322,375
                                          -------------------  --------------------  --------------------  -------------------
LIABILITIES:
   Accrued fees.........................                  101                    47                    64                   79
   Due to Metropolitan Life
     Insurance Company..................                   --                    --                     1                   --
                                          -------------------  --------------------  --------------------  -------------------
        Total Liabilities...............                  101                    47                    65                   79
                                          -------------------  --------------------  --------------------  -------------------

NET ASSETS..............................  $       715,395,370  $        802,843,446  $        680,226,971  $       138,322,296
                                          ===================  ====================  ====================  ===================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $       714,695,366  $        802,631,612  $        680,019,542  $       138,299,471
   Net assets from contracts in payout..              700,004               211,834               207,429               22,825
                                          -------------------  --------------------  --------------------  -------------------
        Total Net Assets................  $       715,395,370  $        802,843,446  $        680,226,971  $       138,322,296
                                          ===================  ====================  ====================  ===================



                                          BHFTI T. ROWE PRICE    BHFTI T. ROWE PRICE
                                            LARGE CAP VALUE        MID CAP GROWTH
                                               DIVISION               DIVISION
                                          --------------------  --------------------

ASSETS:
   Investments at fair value............  $           725,950   $        484,527,176
   Due from Metropolitan Life
     Insurance Company..................                   --                     --
                                          --------------------  --------------------
        Total Assets....................              725,950            484,527,176
                                          --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    7                     80
   Due to Metropolitan Life
     Insurance Company..................                    1                      1
                                          --------------------  --------------------
        Total Liabilities...............                    8                     81
                                          --------------------  --------------------

NET ASSETS..............................  $           725,942   $        484,527,095
                                          ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $           725,942   $        483,978,376
   Net assets from contracts in payout..                   --                548,719
                                          --------------------  --------------------
        Total Net Assets................  $           725,942   $        484,527,095
                                          ====================  ====================


 The accompanying notes are an integral part of these financial statements.


                                     E-8



 The accompanying notes are an integral part of these financial statements.


                                     E-9



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
                              DECEMBER 31, 2019




                                                                    BHFTI VICTORY          BHFTI WELLS          BHFTI WESTERN
                                             BHFTI TCW CORE           SYCAMORE         CAPITAL MANAGEMENT     ASSET MANAGEMENT
                                              FIXED INCOME          MID CAP VALUE         MID CAP VALUE       GOVERNMENT INCOME
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $            240,536  $        361,807,821  $            368,969  $        376,497,303
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................               240,536           361,807,821               368,969           376,497,303
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    16                   112                    11                    38
   Due to Metropolitan Life
     Insurance Company..................                    --                    --                    --                     1
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    16                   112                    11                    39
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $            240,520  $        361,807,709  $            368,958  $        376,497,264
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $            240,520  $        361,067,068  $            368,958  $        376,437,487
   Net assets from contracts in payout..                    --               740,641                    --                59,777
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $            240,520  $        361,807,709  $            368,958  $        376,497,264
                                          ====================  ====================  ====================  ====================


                                                 BHFTII                                                       BHFTII BLACKROCK
                                             BAILLIE GIFFORD      BHFTII BLACKROCK      BHFTII BLACKROCK         ULTRA-SHORT
                                           INTERNATIONAL STOCK       BOND INCOME      CAPITAL APPRECIATION        TERM BOND
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $        123,603,345  $        384,830,785  $        192,688,304  $         44,981,704
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                     5                     1
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................           123,603,345           384,830,785           192,688,309            44,981,705
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    97                    94                   105                    69
   Due to Metropolitan Life
     Insurance Company..................                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    97                    94                   105                    69
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $        123,603,248  $        384,830,691  $        192,688,204  $         44,981,636
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        123,216,978  $        382,694,429  $        191,487,455  $         44,672,954
   Net assets from contracts in payout..               386,270             2,136,262             1,200,749               308,682
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $        123,603,248  $        384,830,691  $        192,688,204  $         44,981,636
                                          ====================  ====================  ====================  ====================



                                           BHFTII BRIGHTHOUSE    BHFTII BRIGHTHOUSE
                                           ASSET ALLOCATION 20   ASSET ALLOCATION 40
                                                DIVISION              DIVISION
                                          --------------------  --------------------

ASSETS:
   Investments at fair value............  $        321,894,578  $        908,735,754
   Due from Metropolitan Life
     Insurance Company..................                    --                    --
                                          --------------------  --------------------
        Total Assets....................           321,894,578           908,735,754
                                          --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    79                    70
   Due to Metropolitan Life
     Insurance Company..................                    --                     1
                                          --------------------  --------------------
        Total Liabilities...............                    79                    71
                                          --------------------  --------------------

NET ASSETS..............................  $        321,894,499  $        908,735,683
                                          ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        321,514,573  $        907,249,934
   Net assets from contracts in payout..               379,926             1,485,749
                                          --------------------  --------------------
        Total Net Assets................  $        321,894,499  $        908,735,683
                                          ====================  ====================


 The accompanying notes are an integral part of these financial statements.


                                    E-10



 The accompanying notes are an integral part of these financial statements.


                                    E-11



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
                              DECEMBER 31, 2019




                                                                                                             BHFTII BRIGHTHOUSE/
                                                                                       BHFTII BRIGHTHOUSE/       DIMENSIONAL
                                           BHFTII BRIGHTHOUSE    BHFTII BRIGHTHOUSE          ARTISAN            INTERNATIONAL
                                           ASSET ALLOCATION 60   ASSET ALLOCATION 80      MID CAP VALUE         SMALL COMPANY
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $      3,165,966,397  $      1,670,395,015  $        186,211,618  $          7,739,450
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................         3,165,966,397         1,670,395,015           186,211,618             7,739,450
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    44                    51                    88                    51
   Due to Metropolitan Life
     Insurance Company..................                     1                    --                    --                     1
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    45                    51                    88                    52
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $      3,165,966,352  $      1,670,394,964  $        186,211,530  $          7,739,398
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $      3,163,809,026  $      1,667,586,976  $        185,415,849  $          7,739,398
   Net assets from contracts in payout..             2,157,326             2,807,988               795,681                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $      3,165,966,352  $      1,670,394,964  $        186,211,530  $          7,739,398
                                          ====================  ====================  ====================  ====================


                                                                 BHFTII BRIGHTHOUSE/
                                                                     WELLINGTON              BHFTII
                                           BHFTII BRIGHTHOUSE/       CORE EQUITY            FRONTIER               BHFTII
                                           WELLINGTON BALANCED      OPPORTUNITIES        MID CAP GROWTH        JENNISON GROWTH
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $        574,717,595  $        520,632,946  $        494,555,754  $        211,338,520
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                    --                     1
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................           574,717,595           520,632,946           494,555,754           211,338,521
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    42                   121                    95                   103
   Due to Metropolitan Life
     Insurance Company..................                     1                     1                     1                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    43                   122                    96                   103
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $        574,717,552  $        520,632,824  $        494,555,658  $        211,338,418
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        565,785,323  $        517,650,617  $        493,171,234  $        210,851,778
   Net assets from contracts in payout..             8,932,229             2,982,207             1,384,424               486,640
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $        574,717,552  $        520,632,824  $        494,555,658  $        211,338,418
                                          ====================  ====================  ====================  ====================



                                                 BHFTII                BHFTII
                                              LOOMIS SAYLES         LOOMIS SAYLES
                                             SMALL CAP CORE       SMALL CAP GROWTH
                                                DIVISION              DIVISION
                                          --------------------  --------------------

ASSETS:
   Investments at fair value............  $        157,396,720  $         57,340,365
   Due from Metropolitan Life
     Insurance Company..................                     4                    --
                                          --------------------  --------------------
        Total Assets....................           157,396,724            57,340,365
                                          --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                   124                    73
   Due to Metropolitan Life
     Insurance Company..................                    --                    --
                                          --------------------  --------------------
        Total Liabilities...............                   124                    73
                                          --------------------  --------------------

NET ASSETS..............................  $        157,396,600  $         57,340,292
                                          ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        156,342,311  $         57,288,042
   Net assets from contracts in payout..             1,054,289                52,250
                                          --------------------  --------------------
        Total Net Assets................  $        157,396,600  $         57,340,292
                                          ====================  ====================


 The accompanying notes are an integral part of these financial statements.


                                    E-12



 The accompanying notes are an integral part of these financial statements.


                                    E-13



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
                              DECEMBER 31, 2019





                                             BHFTII METLIFE         BHFTII METLIFE        BHFTII METLIFE       BHFTII METLIFE
                                          AGGREGATE BOND INDEX    MID CAP STOCK INDEX   MSCI EAFE(R) INDEX  RUSSELL 2000(R) INDEX
                                                DIVISION               DIVISION              DIVISION             DIVISION
                                          ---------------------  --------------------  -------------------  ---------------------

ASSETS:
   Investments at fair value............   $       952,097,710   $       500,876,250   $       460,668,654  $       330,807,520
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                    --                   --
                                          ---------------------  --------------------  -------------------  ---------------------
        Total Assets....................           952,097,710           500,876,250           460,668,654          330,807,520
                                          ---------------------  --------------------  -------------------  ---------------------
LIABILITIES:
   Accrued fees.........................                    79                   121                   112                  135
   Due to Metropolitan Life
     Insurance Company..................                    --                     1                     1                   --
                                          ---------------------  --------------------  -------------------  ---------------------
        Total Liabilities...............                    79                   122                   113                  135
                                          ---------------------  --------------------  -------------------  ---------------------

NET ASSETS..............................   $       952,097,631   $       500,876,128   $       460,668,541  $       330,807,385
                                          =====================  ====================  ===================  =====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...   $       948,958,002   $       499,891,989   $       460,033,041  $       330,357,943
   Net assets from contracts in payout..             3,139,629               984,139               635,500              449,442
                                          ---------------------  --------------------  -------------------  ---------------------
        Total Net Assets................   $       952,097,631   $       500,876,128   $       460,668,541  $       330,807,385
                                          =====================  ====================  ===================  =====================


                                                                                                                   BHFTII
                                             BHFTII METLIFE         BHFTII MFS(R)                             NEUBERGER BERMAN
                                               STOCK INDEX          TOTAL RETURN       BHFTII MFS(R) VALUE         GENESIS
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $      3,037,442,438  $        123,762,557  $        665,585,486  $        287,729,749
   Due from Metropolitan Life
     Insurance Company..................                     1                    --                    --                     1
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................         3,037,442,439           123,762,557           665,585,486           287,729,750
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    88                    80                   135                    99
   Due to Metropolitan Life
     Insurance Company..................                    --                    --                     3                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    88                    80                   138                    99
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $      3,037,442,351  $        123,762,477  $        665,585,348  $        287,729,651
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $      2,992,629,048  $        121,802,116  $        658,702,654  $        286,770,236
   Net assets from contracts in payout..            44,813,303             1,960,361             6,882,694               959,415
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $      3,037,442,351  $        123,762,477  $        665,585,348  $        287,729,651
                                          ====================  ====================  ====================  ====================


                                                 BHFTII                BHFTII
                                              T. ROWE PRICE         T. ROWE PRICE
                                            LARGE CAP GROWTH      SMALL CAP GROWTH
                                                DIVISION              DIVISION
                                          --------------------  --------------------

ASSETS:
   Investments at fair value............  $        629,369,514  $        455,812,360
   Due from Metropolitan Life
     Insurance Company..................                    --                    --
                                          --------------------  --------------------
        Total Assets....................           629,369,514           455,812,360
                                          --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                   125                   108
   Due to Metropolitan Life
     Insurance Company..................                     1                     1
                                          --------------------  --------------------
        Total Liabilities...............                   126                   109
                                          --------------------  --------------------

NET ASSETS..............................  $        629,369,388  $        455,812,251
                                          ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $        617,233,111  $        455,177,733
   Net assets from contracts in payout..            12,136,277               634,518
                                          --------------------  --------------------
        Total Net Assets................  $        629,369,388  $        455,812,251
                                          ====================  ====================


 The accompanying notes are an integral part of these financial statements.


                                    E-14



 The accompanying notes are an integral part of these financial statements.


                                    E-15



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
                              DECEMBER 31, 2019




                                                                   BHFTII WESTERN
                                                 BHFTII           ASSET MANAGEMENT        BHFTII WESTERN
                                             VAN ECK GLOBAL        STRATEGIC BOND        ASSET MANAGEMENT           BLACKROCK
                                            NATURAL RESOURCES       OPPORTUNITIES         U.S. GOVERNMENT    GLOBAL ALLOCATION V.I.
                                                DIVISION              DIVISION               DIVISION               DIVISION
                                          --------------------  --------------------  ---------------------  ----------------------

ASSETS:
   Investments at fair value............  $         26,913,875  $        422,719,843  $         130,271,405   $             102,037
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                     --                      --
                                          --------------------  --------------------  ---------------------  ----------------------
        Total Assets....................            26,913,875           422,719,843            130,271,405                 102,037
                                          --------------------  --------------------  ---------------------  ----------------------
LIABILITIES:
   Accrued fees.........................                    48                   140                    147                      14
   Due to Metropolitan Life
     Insurance Company..................                    --                    --                      1                      --
                                          --------------------  --------------------  ---------------------  ----------------------
        Total Liabilities...............                    48                   140                    148                      14
                                          --------------------  --------------------  ---------------------  ----------------------

NET ASSETS..............................  $         26,913,827  $        422,719,703  $         130,271,257   $             102,023
                                          ====================  ====================  =====================  ======================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $         26,913,827  $        420,925,276  $         130,023,769   $             102,023
   Net assets from contracts in payout..                    --             1,794,427                247,488                      --
                                          --------------------  --------------------  ---------------------  ----------------------
        Total Net Assets................  $         26,913,827  $        422,719,703  $         130,271,257   $             102,023
                                          ====================  ====================  =====================  ======================




                                               CALVERT VP             CALVERT VP           DELAWARE VIP          FIDELITY(R) VIP
                                              SRI BALANCED            SRI MID CAP         SMALL CAP VALUE          CONTRAFUND
                                                DIVISION               DIVISION              DIVISION               DIVISION
                                          --------------------  ---------------------  ---------------------  --------------------

ASSETS:
   Investments at fair value............  $         52,926,129  $           8,071,600  $                 702  $            717,811
   Due from Metropolitan Life
     Insurance Company..................                    --                     --                      1                    --
                                          --------------------  ---------------------  ---------------------  --------------------
        Total Assets....................            52,926,129              8,071,600                    703               717,811
                                          --------------------  ---------------------  ---------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    10                     --                      6                     7
   Due to Metropolitan Life
     Insurance Company..................                    --                     --                     --                    --
                                          --------------------  ---------------------  ---------------------  --------------------
        Total Liabilities...............                    10                     --                      6                     7
                                          --------------------  ---------------------  ---------------------  --------------------

NET ASSETS..............................  $         52,926,119  $           8,071,600  $                 697  $            717,804
                                          ====================  =====================  =====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $         52,926,119  $           8,071,600  $                 697  $            717,804
   Net assets from contracts in payout..                    --                     --                     --                    --
                                          --------------------  ---------------------  ---------------------  --------------------
        Total Net Assets................  $         52,926,119  $           8,071,600  $                 697  $            717,804
                                          ====================  =====================  =====================  ====================




                                             FIDELITY(R) VIP        FIDELITY(R) VIP
                                              EQUITY-INCOME          FREEDOM 2020
                                                DIVISION               DIVISION
                                          --------------------  ---------------------

ASSETS:
   Investments at fair value............  $         67,252,027  $           2,956,087
   Due from Metropolitan Life
     Insurance Company..................                    --                     --
                                          --------------------  ---------------------
        Total Assets....................            67,252,027              2,956,087
                                          --------------------  ---------------------
LIABILITIES:
   Accrued fees.........................                    11                      8
   Due to Metropolitan Life
     Insurance Company..................                     1                      1
                                          --------------------  ---------------------
        Total Liabilities...............                    12                      9
                                          --------------------  ---------------------

NET ASSETS..............................  $         67,252,015  $           2,956,078
                                          ====================  =====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $         66,209,696  $           2,956,078
   Net assets from contracts in payout..             1,042,319                     --
                                          --------------------  ---------------------
        Total Net Assets................  $         67,252,015  $           2,956,078
                                          ====================  =====================


 The accompanying notes are an integral part of these financial statements.


                                    E-16



 The accompanying notes are an integral part of these financial statements.


                                    E-17



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
                              DECEMBER 31, 2019





                                              FIDELITY(R) VIP        FIDELITY(R) VIP        FIDELITY(R) VIP        FIDELITY(R) VIP
                                               FREEDOM 2025           FREEDOM 2030           FREEDOM 2035           FREEDOM 2040
                                                 DIVISION               DIVISION               DIVISION               DIVISION
                                          ---------------------  ---------------------  ---------------------  ---------------------

ASSETS:
   Investments at fair value............  $           3,657,075  $           4,308,871  $             499,151  $           1,297,837
   Due from Metropolitan Life
     Insurance Company..................                     --                     --                     --                     --
                                          ---------------------  ---------------------  ---------------------  ---------------------
        Total Assets....................              3,657,075              4,308,871                499,151              1,297,837
                                          ---------------------  ---------------------  ---------------------  ---------------------
LIABILITIES:
   Accrued fees.........................                     14                      7                     10                     17
   Due to Metropolitan Life
     Insurance Company..................                     --                      1                     --                     --
                                          ---------------------  ---------------------  ---------------------  ---------------------
        Total Liabilities...............                     14                      8                     10                     17
                                          ---------------------  ---------------------  ---------------------  ---------------------

NET ASSETS..............................  $           3,657,061  $           4,308,863  $             499,141  $           1,297,820
                                          =====================  =====================  =====================  =====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $           3,657,061  $           4,308,863  $             499,141  $           1,297,820
   Net assets from contracts in payout..                     --                     --                     --                     --
                                          ---------------------  ---------------------  ---------------------  ---------------------
        Total Net Assets................  $           3,657,061  $           4,308,863  $             499,141  $           1,297,820
                                          =====================  =====================  =====================  =====================



                                             FIDELITY(R) VIP        FIDELITY(R) VIP        FIDELITY(R) VIP        FIDELITY(R) VIP
                                              FREEDOM 2045           FREEDOM 2050         FUNDSMANAGER 50%       FUNDSMANAGER 60%
                                                DIVISION               DIVISION               DIVISION               DIVISION
                                          ---------------------  ---------------------  ---------------------  ---------------------

ASSETS:
   Investments at fair value............  $             851,026  $           1,369,745  $         252,823,113  $         239,540,943
   Due from Metropolitan Life
     Insurance Company..................                     --                     --                     --                     --
                                          ---------------------  ---------------------  ---------------------  ---------------------
        Total Assets....................                851,026              1,369,745            252,823,113            239,540,943
                                          ---------------------  ---------------------  ---------------------  ---------------------
LIABILITIES:
   Accrued fees.........................                     11                     15                     --                     --
   Due to Metropolitan Life
     Insurance Company..................                     --                      1                     --                      1
                                          ---------------------  ---------------------  ---------------------  ---------------------
        Total Liabilities...............                     11                     16                     --                      1
                                          ---------------------  ---------------------  ---------------------  ---------------------

NET ASSETS..............................  $             851,015  $           1,369,729  $         252,823,113  $         239,540,942
                                          =====================  =====================  =====================  =====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $             851,015  $           1,369,729  $         252,823,113  $         239,540,942
   Net assets from contracts in payout..                     --                     --                     --                     --
                                          ---------------------  ---------------------  ---------------------  ---------------------
        Total Net Assets................  $             851,015  $           1,369,729  $         252,823,113  $         239,540,942
                                          =====================  =====================  =====================  =====================


                                             FIDELITY(R) VIP
                                            GOVERNMENT MONEY
                                                 MARKET          FIDELITY(R) VIP GROWTH
                                                DIVISION                DIVISION
                                          ---------------------  ----------------------

ASSETS:
   Investments at fair value............  $           5,414,917   $          98,544,772
   Due from Metropolitan Life
     Insurance Company..................                     --                      --
                                          ---------------------  ----------------------
        Total Assets....................              5,414,917              98,544,772
                                          ---------------------  ----------------------
LIABILITIES:
   Accrued fees.........................                     --                      --
   Due to Metropolitan Life
     Insurance Company..................                      1                      --
                                          ---------------------  ----------------------
        Total Liabilities...............                      1                      --
                                          ---------------------  ----------------------

NET ASSETS..............................  $           5,414,916   $          98,544,772
                                          =====================  ======================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $           5,414,916   $          98,544,772
   Net assets from contracts in payout..                     --                      --
                                          ---------------------  ----------------------
        Total Net Assets................  $           5,414,916   $          98,544,772
                                          =====================  ======================


 The accompanying notes are an integral part of these financial statements.


                                    E-18



 The accompanying notes are an integral part of these financial statements.


                                    E-19



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)
                              DECEMBER 31, 2019




                                             FIDELITY(R) VIP                            FTVIPT TEMPLETON
                                            INVESTMENT GRADE       FIDELITY(R) VIP         DEVELOPING           IVY VIP ASSET
                                                  BOND                 MID CAP             MARKETS VIP            STRATEGY
                                                DIVISION              DIVISION              DIVISION              DIVISION
                                          --------------------  --------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $          9,006,440  $            444,179  $             47,311  $              2,083
   Due from Metropolitan Life
     Insurance Company..................                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets....................             9,006,440               444,179                47,311                 2,083
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    --                     1                     4                     3
   Due to Metropolitan Life
     Insurance Company..................                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    --                     1                     4                     3
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS..............................  $          9,006,440  $            444,178  $             47,307  $              2,080
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $          9,006,440  $            444,178  $             47,307  $              2,080
   Net assets from contracts in payout..                    --                    --                    --                    --
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................  $          9,006,440  $            444,178  $             47,307  $              2,080
                                          ====================  ====================  ====================  ====================


                                                                       LMPVET                LMPVET                 LMPVET
                                             JANUS HENDERSON    CLEARBRIDGE VARIABLE  CLEARBRIDGE VARIABLE   CLEARBRIDGE VARIABLE
                                               ENTERPRISE           APPRECIATION        DIVIDEND STRATEGY      LARGE CAP GROWTH
                                                DIVISION              DIVISION              DIVISION               DIVISION
                                          --------------------  --------------------  ---------------------  --------------------

ASSETS:
   Investments at fair value............  $            131,543  $             54,021  $             75,937   $            462,780
   Due from Metropolitan Life
     Insurance Company..................                    --                     1                    --                     --
                                          --------------------  --------------------  ---------------------  --------------------
        Total Assets....................               131,543                54,022                75,937                462,780
                                          --------------------  --------------------  ---------------------  --------------------
LIABILITIES:
   Accrued fees.........................                     6                     4                     5                      8
   Due to Metropolitan Life
     Insurance Company..................                    --                    --                    --                     --
                                          --------------------  --------------------  ---------------------  --------------------
        Total Liabilities...............                     6                     4                     5                      8
                                          --------------------  --------------------  ---------------------  --------------------

NET ASSETS..............................  $            131,537  $             54,018  $             75,932   $            462,772
                                          ====================  ====================  =====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $            131,537  $             54,018  $             75,932   $            462,772
   Net assets from contracts in payout..                    --                    --                    --                     --
                                          --------------------  --------------------  ---------------------  --------------------
        Total Net Assets................  $            131,537  $             54,018  $             75,932   $            462,772
                                          ====================  ====================  =====================  ====================


                                                 LMPVET
                                          CLEARBRIDGE VARIABLE     LMPVIT WESTERN
                                            SMALL CAP GROWTH       ASSET CORE PLUS
                                                DIVISION              DIVISION
                                          --------------------  --------------------

ASSETS:
   Investments at fair value............  $             43,539  $             39,558
   Due from Metropolitan Life
     Insurance Company..................                     1                    --
                                          --------------------  --------------------
        Total Assets....................                43,540                39,558
                                          --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                     5                     1
   Due to Metropolitan Life
     Insurance Company..................                    --                    --
                                          --------------------  --------------------
        Total Liabilities...............                     5                     1
                                          --------------------  --------------------

NET ASSETS..............................  $             43,535  $             39,557
                                          ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $             43,535  $             39,557
   Net assets from contracts in payout..                    --                    --
                                          --------------------  --------------------
        Total Net Assets................  $             43,535  $             39,557
                                          ====================  ====================


 The accompanying notes are an integral part of these financial statements.


                                    E-20



 The accompanying notes are an integral part of these financial statements.


                                    E-21



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF ASSETS AND LIABILITIES -- (CONCLUDED)
                              DECEMBER 31, 2019




                                                                        PIMCO VIT                                    PIMCO VIT
                                           MORGAN STANLEY VIF    COMMODITYREALRETURN(R)        PIMCO VIT         EMERGING MARKETS
                                          GLOBAL INFRASTRUCTURE         STRATEGY             DYNAMIC BOND              BOND
                                                DIVISION                DIVISION               DIVISION              DIVISION
                                          ---------------------  ----------------------  --------------------  --------------------

ASSETS:
   Investments at fair value............  $             68,729    $             34,981   $             85,350  $             60,186
   Due from Metropolitan Life
     Insurance Company..................                     1                      --                     --                    --
                                          ---------------------  ----------------------  --------------------  --------------------
        Total Assets....................                68,730                  34,981                 85,350                60,186
                                          ---------------------  ----------------------  --------------------  --------------------
LIABILITIES:
   Accrued fees.........................                    16                      11                      7                     8
   Due to Metropolitan Life
     Insurance Company..................                    --                      --                     --                    --
                                          ---------------------  ----------------------  --------------------  --------------------
        Total Liabilities...............                    16                      11                      7                     8
                                          ---------------------  ----------------------  --------------------  --------------------

NET ASSETS..............................  $             68,714    $             34,970   $             85,343  $             60,178
                                          =====================  ======================  ====================  ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $             68,714    $             34,970   $             85,343  $             60,178
   Net assets from contracts in payout..                    --                      --                     --                    --
                                          ---------------------  ----------------------  --------------------  --------------------
        Total Net Assets................  $             68,714    $             34,970   $             85,343  $             60,178
                                          =====================  ======================  ====================  ====================


                                            TAP 1919 VARIABLE
                                           SOCIALLY RESPONSIVE
                                                BALANCED
                                                DIVISION
                                          --------------------

ASSETS:
   Investments at fair value............  $             30,489
   Due from Metropolitan Life
     Insurance Company..................                    --
                                          --------------------
        Total Assets....................                30,489
                                          --------------------
LIABILITIES:
   Accrued fees.........................                     7
   Due to Metropolitan Life
     Insurance Company..................                    --
                                          --------------------
        Total Liabilities...............                     7
                                          --------------------

NET ASSETS..............................  $             30,482
                                          ====================
CONTRACT OWNERS' EQUITY
   Net assets from accumulation units...  $             30,482
   Net assets from contracts in payout..                    --
                                          --------------------
        Total Net Assets................  $             30,482
                                          ====================


 The accompanying notes are an integral part of these financial statements.


                                    E-22



 The accompanying notes are an integral part of these financial statements.


                                    E-23



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                          STATEMENTS OF OPERATIONS
                    FOR THE YEAR ENDED DECEMBER 31, 2019




                                                                                          AMERICAN FUNDS(R)
                                                AMERICAN FUNDS(R)    AMERICAN FUNDS(R)      GLOBAL SMALL        AMERICAN FUNDS(R)
                                                      BOND             GLOBAL GROWTH       CAPITALIZATION            GROWTH
                                                    DIVISION             DIVISION             DIVISION              DIVISION
                                              -------------------  -------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends.............................  $         1,968,304  $             3,255  $            651,276  $          7,194,460
                                              -------------------  -------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................              948,717                2,277             5,251,798            12,114,864
      Administrative charges................              158,643                  284               822,183             1,747,680
                                              -------------------  -------------------  --------------------  --------------------
        Total expenses......................            1,107,360                2,561             6,073,981            13,862,544
                                              -------------------  -------------------  --------------------  --------------------
           Net investment income (loss).....              860,944                  694           (5,422,705)           (6,668,084)
                                              -------------------  -------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........                   --               16,073            27,034,426           104,140,609
      Realized gains (losses) on sale of
        investments.........................             (68,402)               17,900             9,157,705            29,247,603
                                              -------------------  -------------------  --------------------  --------------------
           Net realized gains (losses)......             (68,402)               33,973            36,192,131           133,388,212
                                              -------------------  -------------------  --------------------  --------------------
      Change in unrealized gains (losses)
        on investments......................            4,872,541               47,792            78,422,533           121,935,512
                                              -------------------  -------------------  --------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................            4,804,139               81,765           114,614,664           255,323,724
                                              -------------------  -------------------  --------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $         5,665,083  $            82,459  $        109,191,959  $        248,655,640
                                              ===================  ===================  ====================  ====================


                                                                                             BHFTI AMERICAN        BHFTI AMERICAN
                                                AMERICAN FUNDS(R)      BHFTI AB GLOBAL      FUNDS(R) BALANCED      FUNDS(R) GROWTH
                                                  GROWTH-INCOME      DYNAMIC ALLOCATION        ALLOCATION            ALLOCATION
                                                    DIVISION              DIVISION              DIVISION              DIVISION
                                              --------------------  --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends.............................  $         12,195,025  $         47,305,352  $         14,350,752  $          7,290,304
                                              --------------------  --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................             9,349,713            13,489,906             7,963,945             4,401,892
      Administrative charges................             1,409,286             3,418,316             1,924,662             1,021,573
                                              --------------------  --------------------  --------------------  --------------------
        Total expenses......................            10,758,999            16,908,222             9,888,607             5,423,465
                                              --------------------  --------------------  --------------------  --------------------
           Net investment income (loss).....             1,436,026            30,397,130             4,462,145             1,866,839
                                              --------------------  --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........            76,155,996            26,751,992            56,709,628            36,405,394
      Realized gains (losses) on sale of
        investments.........................            19,465,073            31,133,449             6,540,705             3,870,701
                                              --------------------  --------------------  --------------------  --------------------
           Net realized gains (losses)......            95,621,069            57,885,441            63,250,333            40,276,095
                                              --------------------  --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
        on investments......................            65,653,475           121,512,992            64,375,432            43,847,086
                                              --------------------  --------------------  --------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................           161,274,544           179,398,433           127,625,765            84,123,181
                                              --------------------  --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $        162,710,570  $        209,795,563  $        132,087,910  $         85,990,020
                                              ====================  ====================  ====================  ====================


                                                                      BHFTI AMERICAN
                                                 BHFTI AMERICAN      FUNDS(R) MODERATE
                                                 FUNDS(R) GROWTH        ALLOCATION
                                                    DIVISION             DIVISION
                                              --------------------  -------------------

INVESTMENT INCOME:
      Dividends.............................  $          1,450,025  $        15,723,675
                                              --------------------  -------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................             3,413,194            7,997,939
      Administrative charges................               831,309            1,931,053
                                              --------------------  -------------------
        Total expenses......................             4,244,503            9,928,992
                                              --------------------  -------------------
           Net investment income (loss).....           (2,794,478)            5,794,683
                                              --------------------  -------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........            48,968,557           44,721,080
      Realized gains (losses) on sale of
        investments.........................             5,968,998            3,684,137
                                              --------------------  -------------------
           Net realized gains (losses)......            54,937,555           48,405,217
                                              --------------------  -------------------
      Change in unrealized gains (losses)
        on investments......................            31,493,558           54,684,421
                                              --------------------  -------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................            86,431,113          103,089,638
                                              --------------------  -------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $         83,636,635  $       108,884,321
                                              ====================  ===================


(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-24



 The accompanying notes are an integral part of these financial statements.


                                    E-25



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONTINUED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019





                                                                         BHFTI BLACKROCK
                                                  BHFTI AQR GLOBAL       GLOBAL TACTICAL       BHFTI BLACKROCK
                                                    RISK BALANCED          STRATEGIES            HIGH YIELD
                                                      DIVISION              DIVISION              DIVISION
                                               ---------------------  --------------------  ---------------------

INVESTMENT INCOME:
      Dividends..............................  $          30,923,027  $          3,373,764  $              23,874
                                               ---------------------  --------------------  ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             10,392,768            17,107,430                  4,353
      Administrative charges.................              2,622,260             4,327,328                    864
                                               ---------------------  --------------------  ---------------------
         Total expenses......................             13,015,028            21,434,758                  5,217
                                               ---------------------  --------------------  ---------------------
           Net investment income (loss)......             17,907,999          (18,060,994)                 18,657
                                               ---------------------  --------------------  ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............                     --                    --                     --
      Realized gains (losses) on sale of
         investments.........................           (27,786,573)             9,952,018                   (88)
                                               ---------------------  --------------------  ---------------------
           Net realized gains (losses).......           (27,786,573)             9,952,018                   (88)
                                               ---------------------  --------------------  ---------------------
      Change in unrealized gains (losses)
         on investments......................            186,555,019           309,920,134                 32,028
                                               ---------------------  --------------------  ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................            158,768,446           319,872,152                 31,940
                                               ---------------------  --------------------  ---------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $         176,676,445  $        301,811,158  $              50,597
                                               =====================  ====================  =====================




                                                 BHFTI BRIGHTHOUSE     BHFTI BRIGHTHOUSE     BHFTI BRIGHTHOUSE
                                               ASSET ALLOCATION 100      BALANCED PLUS        SMALL CAP VALUE
                                                     DIVISION              DIVISION              DIVISION
                                               --------------------  --------------------  ---------------------

INVESTMENT INCOME:
      Dividends..............................  $          3,676,465  $         71,782,296  $             152,342
                                               --------------------  --------------------  ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             2,267,281            35,157,807                155,629
      Administrative charges.................               523,623             8,856,261                 42,489
                                               --------------------  --------------------  ---------------------
         Total expenses......................             2,790,904            44,014,068                198,118
                                               --------------------  --------------------  ---------------------
           Net investment income (loss)......               885,561            27,768,228               (45,776)
                                               --------------------  --------------------  ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............            23,881,544                    --              1,472,636
      Realized gains (losses) on sale of
         investments.........................             1,742,966            22,643,678                (8,294)
                                               --------------------  --------------------  ---------------------
           Net realized gains (losses).......            25,624,510            22,643,678              1,464,342
                                               --------------------  --------------------  ---------------------
      Change in unrealized gains (losses)
         on investments......................            24,894,112           648,617,370              2,627,168
                                               --------------------  --------------------  ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................            50,518,622           671,261,048              4,091,510
                                               --------------------  --------------------  ---------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $         51,404,183  $        699,029,276  $           4,045,734
                                               ====================  ====================  =====================



                                                BHFTI BRIGHTHOUSE/    BHFTI BRIGHTHOUSE/     BHFTI BRIGHTHOUSE/
                                                 ABERDEEN EMERGING          ARTISAN              EATON VANCE
                                                  MARKETS EQUITY         INTERNATIONAL          FLOATING RATE
                                                     DIVISION              DIVISION               DIVISION
                                               --------------------  ---------------------  --------------------

INVESTMENT INCOME:
      Dividends..............................  $            770,258  $                  26  $          1,309,453
                                               --------------------  ---------------------  --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................               464,639                     23               328,408
      Administrative charges.................               116,275                      4                71,439
                                               --------------------  ---------------------  --------------------
         Total expenses......................               580,914                     27               399,847
                                               --------------------  ---------------------  --------------------
           Net investment income (loss)......               189,344                    (1)               909,606
                                               --------------------  ---------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............                    --                     --                    --
      Realized gains (losses) on sale of
         investments.........................               615,286                     88              (84,448)
                                               --------------------  ---------------------  --------------------
           Net realized gains (losses).......               615,286                     88              (84,448)
                                               --------------------  ---------------------  --------------------
      Change in unrealized gains (losses)
         on investments......................             7,540,114                    460               737,013
                                               --------------------  ---------------------  --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................             8,155,400                    548               652,565
                                               --------------------  ---------------------  --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $          8,344,744  $                 547  $          1,562,171
                                               ====================  =====================  ====================


                                                BHFTI BRIGHTHOUSE/
                                                     FRANKLIN
                                                   LOW DURATION
                                                   TOTAL RETURN
                                                     DIVISION
                                               --------------------

INVESTMENT INCOME:
      Dividends..............................  $          2,458,938
                                               --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................               756,379
      Administrative charges.................               174,988
                                               --------------------
         Total expenses......................               931,367
                                               --------------------
           Net investment income (loss)......             1,527,571
                                               --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............                    --
      Realized gains (losses) on sale of
         investments.........................             (395,293)
                                               --------------------
           Net realized gains (losses).......             (395,293)
                                               --------------------
      Change in unrealized gains (losses)
         on investments......................             1,299,655
                                               --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................               904,362
                                               --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $          2,431,933
                                               ====================


(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-26



 The accompanying notes are an integral part of these financial statements.


                                    E-27



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONTINUED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019




                                                                      BHFTI BRIGHTHOUSE/
                                                BHFTI BRIGHTHOUSE/        WELLINGTON
                                                     TEMPLETON             LARGE CAP           BHFTI CLARION
                                                INTERNATIONAL BOND         RESEARCH         GLOBAL REAL ESTATE
                                                     DIVISION              DIVISION              DIVISION
                                               --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends..............................  $            487,813  $          7,937,168  $          5,663,834
                                               --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................                57,815             6,805,901             1,918,327
      Administrative charges.................                14,353               261,304               383,576
                                               --------------------  --------------------  --------------------
         Total expenses......................                72,168             7,067,205             2,301,903
                                               --------------------  --------------------  --------------------
           Net investment income (loss)......               415,645               869,963             3,361,931
                                               --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............                11,587            81,801,081                    --
      Realized gains (losses) on sale of
         investments.........................             (161,679)            16,776,848             (538,799)
                                               --------------------  --------------------  --------------------
           Net realized gains (losses).......             (150,092)            98,577,929             (538,799)
                                               --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
         on investments......................             (259,270)            87,280,776            35,304,328
                                               --------------------  --------------------  --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................             (409,362)           185,858,705            34,765,529
                                               --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $              6,283  $        186,728,668  $         38,127,460
                                               ====================  ====================  ====================



                                                   BHFTI HARRIS          BHFTI INVESCO
                                                      OAKMARK            BALANCED-RISK         BHFTI INVESCO
                                                   INTERNATIONAL          ALLOCATION             COMSTOCK
                                                     DIVISION              DIVISION              DIVISION
                                               --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends..............................  $          9,272,148  $                 --  $              1,174
                                               --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             4,306,090             4,723,303                   510
      Administrative charges.................               902,187             1,179,866                   124
                                               --------------------  --------------------  --------------------
         Total expenses......................             5,208,277             5,903,169                   634
                                               --------------------  --------------------  --------------------
           Net investment income (loss)......             4,063,871           (5,903,169)                   540
                                               --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............            32,687,757                    --                 6,701
      Realized gains (losses) on sale of
         investments.........................           (7,165,011)           (4,110,620)                 (520)
                                               --------------------  --------------------  --------------------
           Net realized gains (losses).......            25,522,746           (4,110,620)                 6,181
                                               --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
         on investments......................            57,501,967            71,138,882                 4,696
                                               --------------------  --------------------  --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................            83,024,713            67,028,262                10,877
                                               --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $         87,088,584  $         61,125,093  $             11,417
                                               ====================  ====================  ====================




                                                   BHFTI INVESCO         BHFTI INVESCO        BHFTI JPMORGAN
                                                   GLOBAL EQUITY       SMALL CAP GROWTH          CORE BOND
                                                     DIVISION              DIVISION              DIVISION
                                               --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends..............................  $          2,281,438  $                 --  $          3,539,115
                                               --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             2,741,628               537,428               828,617
      Administrative charges.................               369,795               103,475               195,115
                                               --------------------  --------------------  --------------------
         Total expenses......................             3,111,423               640,903             1,023,732
                                               --------------------  --------------------  --------------------
           Net investment income (loss)......             (829,985)             (640,903)             2,515,383
                                               --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............            31,564,366             8,809,319                    --
      Realized gains (losses) on sale of
         investments.........................             8,583,461           (1,516,095)             (286,718)
                                               --------------------  --------------------  --------------------
           Net realized gains (losses).......            40,147,827             7,293,224             (286,718)
                                               --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
         on investments......................            25,946,498             3,700,553             3,014,432
                                               --------------------  --------------------  --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................            66,094,325            10,993,777             2,727,714
                                               --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $         65,264,340  $         10,352,874  $          5,243,097
                                               ====================  ====================  ====================



                                                       BHFTI
                                                  JPMORGAN GLOBAL
                                                 ACTIVE ALLOCATION
                                                     DIVISION
                                               --------------------

INVESTMENT INCOME:
      Dividends..............................  $         22,079,472
                                               --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             7,992,191
      Administrative charges.................             2,014,298
                                               --------------------
         Total expenses......................            10,006,489
                                               --------------------
           Net investment income (loss)......            12,072,983
                                               --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............                    --
      Realized gains (losses) on sale of
         investments.........................             4,858,766
                                               --------------------
           Net realized gains (losses).......             4,858,766
                                               --------------------
      Change in unrealized gains (losses)
         on investments......................            98,744,637
                                               --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................           103,603,403
                                               --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $        115,676,386
                                               ====================


(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-28



 The accompanying notes are an integral part of these financial statements.


                                    E-29



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONTINUED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019





                                                 BHFTI JPMORGAN      BHFTI LOOMIS SAYLES   BHFTI LOOMIS SAYLES
                                                 SMALL CAP VALUE      GLOBAL ALLOCATION          GROWTH
                                                    DIVISION              DIVISION              DIVISION
                                              --------------------  --------------------  ---------------------

INVESTMENT INCOME:
      Dividends.............................  $            205,992  $          1,550,048  $          3,909,773
                                              --------------------  --------------------  ---------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................               191,486             1,077,136             4,804,430
      Administrative charges................                47,221               236,158             1,002,399
                                              --------------------  --------------------  ---------------------
        Total expenses......................               238,707             1,313,294             5,806,829
                                              --------------------  --------------------  ---------------------
           Net investment income (loss).....              (32,715)               236,754           (1,897,056)
                                              --------------------  --------------------  ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........             1,942,172             8,967,314            64,095,145
      Realized gains (losses) on sale of
        investments.........................              (75,643)             3,607,383            14,522,772
                                              --------------------  --------------------  ---------------------
           Net realized gains (losses)......             1,866,529            12,574,697            78,617,917
                                              --------------------  --------------------  ---------------------
      Change in unrealized gains (losses)
        on investments......................             1,229,221            11,124,691            15,869,923
                                              --------------------  --------------------  ---------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................             3,095,750            23,699,388            94,487,840
                                              --------------------  --------------------  ---------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $          3,063,035  $         23,936,142  $         92,590,784
                                              ====================  ====================  =====================


                                                  BHFTI METLIFE         BHFTI MFS(R)              BHFTI                 BHFTI
                                                   MULTI-INDEX            RESEARCH           MORGAN STANLEY        PANAGORA GLOBAL
                                                  TARGETED RISK         INTERNATIONAL           DISCOVERY         DIVERSIFIED RISK
                                                    DIVISION              DIVISION              DIVISION              DIVISION
                                              --------------------  --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends.............................  $         18,554,827  $          2,317,745  $                 --  $          2,613,546
                                              --------------------  --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................             8,560,421             1,674,982             4,920,292               805,095
      Administrative charges................             2,164,343               323,798               273,519               201,263
                                              --------------------  --------------------  --------------------  --------------------
        Total expenses......................            10,724,764             1,998,780             5,193,811             1,006,358
                                              --------------------  --------------------  --------------------  --------------------
           Net investment income (loss).....             7,830,063               318,965           (5,193,811)             1,607,188
                                              --------------------  --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........                    --             7,598,105            76,946,148                    --
      Realized gains (losses) on sale of
        investments.........................             7,415,422             1,820,858            25,034,425               600,969
                                              --------------------  --------------------  --------------------  --------------------
           Net realized gains (losses)......             7,415,422             9,418,963           101,980,573               600,969
                                              --------------------  --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
        on investments......................           143,288,748            29,093,941            33,077,464            12,276,179
                                              --------------------  --------------------  --------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................           150,704,170            38,512,904           135,058,037            12,877,148
                                              --------------------  --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $        158,534,233  $         38,831,869  $        129,864,226  $         14,484,336
                                              ====================  ====================  ====================  ====================


                                                      BHFTI
                                                 PIMCO INFLATION         BHFTI PIMCO         BHFTI SCHRODERS
                                                 PROTECTED BOND         TOTAL RETURN       GLOBAL MULTI-ASSET
                                                    DIVISION              DIVISION              DIVISION
                                              --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends.............................  $         11,578,887  $         21,681,658  $         11,804,719
                                              --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................             3,470,077             7,627,100             7,952,913
      Administrative charges................               792,186             1,663,129             2,004,959
                                              --------------------  --------------------  --------------------
        Total expenses......................             4,262,263             9,290,229             9,957,872
                                              --------------------  --------------------  --------------------
           Net investment income (loss).....             7,316,624            12,391,429             1,846,847
                                              --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........                    --                    --                    --
      Realized gains (losses) on sale of
        investments.........................           (6,024,723)           (1,279,381)             5,491,382
                                              --------------------  --------------------  --------------------
           Net realized gains (losses)......           (6,024,723)           (1,279,381)             5,491,382
                                              --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
        on investments......................            21,800,541            40,752,158           138,174,665
                                              --------------------  --------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................            15,775,818            39,472,777           143,666,047
                                              --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $         23,092,442  $         51,864,206  $        145,512,894
                                              ====================  ====================  ====================


(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-30



 The accompanying notes are an integral part of these financial statements.


                                    E-31



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONTINUED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019




                                                     BHFTI
                                                  SSGA GROWTH             BHFTI          BHFTI T. ROWE PRICE  BHFTI T. ROWE PRICE
                                                AND INCOME ETF       SSGA GROWTH ETF       LARGE CAP VALUE      MID CAP GROWTH
                                                   DIVISION             DIVISION              DIVISION             DIVISION
                                             -------------------  --------------------  --------------------  -------------------

INVESTMENT INCOME:
      Dividends............................  $        16,110,399  $          2,656,204  $              9,852  $           361,501
                                             -------------------  --------------------  --------------------  -------------------
EXPENSES:
      Mortality and expense risk and
        other charges......................            6,858,425             1,350,486                 4,773            4,952,213
      Administrative charges...............            1,707,192               319,645                   928              969,291
                                             -------------------  --------------------  --------------------  -------------------
        Total expenses.....................            8,565,617             1,670,131                 5,701            5,921,504
                                             -------------------  --------------------  --------------------  -------------------
           Net investment income (loss)....            7,544,782               986,073                 4,151          (5,560,003)
                                             -------------------  --------------------  --------------------  -------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions..........           34,337,911             8,669,287                55,537           82,176,932
      Realized gains (losses) on sale of
        investments........................            6,162,281               636,624               (3,526)            4,805,308
                                             -------------------  --------------------  --------------------  -------------------
           Net realized gains (losses).....           40,500,192             9,305,911                52,011           86,982,240
                                             -------------------  --------------------  --------------------  -------------------
      Change in unrealized gains (losses)
        on investments.....................           67,284,467            15,190,143                56,272           39,892,914
                                             -------------------  --------------------  --------------------  -------------------
      Net realized and change in
        unrealized gains (losses)
        on investments.....................          107,784,659            24,496,054               108,283          126,875,154
                                             -------------------  --------------------  --------------------  -------------------
      Net increase (decrease) in net assets
        resulting from operations..........  $       115,329,441  $         25,482,127  $            112,434  $       121,315,151
                                             ===================  ====================  ====================  ===================


                                                                       BHFTI VICTORY         BHFTI WELLS          BHFTI WESTERN
                                                BHFTI TCW CORE           SYCAMORE        CAPITAL MANAGEMENT     ASSET MANAGEMENT
                                                 FIXED INCOME          MID CAP VALUE        MID CAP VALUE       GOVERNMENT INCOME
                                                   DIVISION              DIVISION             DIVISION              DIVISION
                                             --------------------  -------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends............................  $              7,969  $         4,116,291  $              2,271  $         10,639,559
                                             --------------------  -------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges......................                 2,827            3,806,290                 3,695             3,940,923
      Administrative charges...............                   454              615,955                   769               975,767
                                             --------------------  -------------------  --------------------  --------------------
        Total expenses.....................                 3,281            4,422,245                 4,464             4,916,690
                                             --------------------  -------------------  --------------------  --------------------
           Net investment income (loss)....                 4,688            (305,954)               (2,193)             5,722,869
                                             --------------------  -------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions..........                    --           11,695,154                 9,575                    --
      Realized gains (losses) on sale of
        investments........................                 (523)              283,668                   443           (1,086,935)
                                             --------------------  -------------------  --------------------  --------------------
           Net realized gains (losses).....                 (523)           11,978,822                10,018           (1,086,935)
                                             --------------------  -------------------  --------------------  --------------------
      Change in unrealized gains (losses)
        on investments.....................                12,867           73,696,007                88,754            18,826,412
                                             --------------------  -------------------  --------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments.....................                12,344           85,674,829                98,772            17,739,477
                                             --------------------  -------------------  --------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations..........  $             17,032  $        85,368,875  $             96,579  $         23,462,346
                                             ====================  ===================  ====================  ====================


                                                   BHFTII
                                               BAILLIE GIFFORD      BHFTII BLACKROCK
                                             INTERNATIONAL STOCK       BOND INCOME
                                                  DIVISION              DIVISION
                                             -------------------  --------------------

INVESTMENT INCOME:
      Dividends............................  $         1,437,347  $         14,052,947
                                             -------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges......................            1,325,295             4,176,893
      Administrative charges...............              136,251               721,009
                                             -------------------  --------------------
        Total expenses.....................            1,461,546             4,897,902
                                             -------------------  --------------------
           Net investment income (loss)....             (24,199)             9,155,045
                                             -------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions..........            6,949,066                    --
      Realized gains (losses) on sale of
        investments........................            2,017,445             (715,232)
                                             -------------------  --------------------
           Net realized gains (losses).....            8,966,511             (715,232)
                                             -------------------  --------------------
      Change in unrealized gains (losses)
        on investments.....................           22,444,859            22,564,409
                                             -------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments.....................           31,411,370            21,849,177
                                             -------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations..........  $        31,387,171  $         31,004,222
                                             ===================  ====================


(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-32



 The accompanying notes are an integral part of these financial statements.


                                    E-33



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONTINUED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019





                                                                        BHFTII BLACKROCK
                                                 BHFTII BLACKROCK          ULTRA-SHORT       BHFTII BRIGHTHOUSE
                                               CAPITAL APPRECIATION         TERM BOND        ASSET ALLOCATION 20
                                                     DIVISION               DIVISION              DIVISION
                                               --------------------  ---------------------  ---------------------

INVESTMENT INCOME:
      Dividends..............................  $             45,978  $             779,681  $          7,241,565
                                               --------------------  ---------------------  ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             1,963,640                513,241             3,452,377
      Administrative charges.................               448,523                122,482               781,503
                                               --------------------  ---------------------  ---------------------
         Total expenses......................             2,412,163                635,723             4,233,880
                                               --------------------  ---------------------  ---------------------
           Net investment income (loss)......           (2,366,185)                143,958             3,007,685
                                               --------------------  ---------------------  ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............            32,244,287                     --             6,366,161
      Realized gains (losses) on sale of
         investments.........................             8,578,896                212,191           (1,040,449)
                                               --------------------  ---------------------  ---------------------
           Net realized gains (losses).......            40,823,183                212,191             5,325,712
                                               --------------------  ---------------------  ---------------------
      Change in unrealized gains (losses)
         on investments......................            11,816,940               (66,778)            24,533,395
                                               --------------------  ---------------------  ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................            52,640,123                145,413            29,859,107
                                               --------------------  ---------------------  ---------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $         50,273,938  $             289,371  $         32,866,792
                                               ====================  =====================  =====================




                                                BHFTII BRIGHTHOUSE    BHFTII BRIGHTHOUSE    BHFTII BRIGHTHOUSE
                                                ASSET ALLOCATION 40   ASSET ALLOCATION 60   ASSET ALLOCATION 80
                                                     DIVISION              DIVISION              DIVISION
                                               --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends..............................  $         20,324,568  $         62,877,614  $         28,947,240
                                               --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             9,539,665            32,430,810            16,609,464
      Administrative charges.................             2,202,193             7,615,984             3,736,606
                                               --------------------  --------------------  --------------------
         Total expenses......................            11,741,858            40,046,794            20,346,070
                                               --------------------  --------------------  --------------------
           Net investment income (loss)......             8,582,710            22,830,820             8,601,170
                                               --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............            46,217,753           256,252,133           165,217,488
      Realized gains (losses) on sale of
         investments.........................             3,582,392            32,323,973            22,010,004
                                               --------------------  --------------------  --------------------
           Net realized gains (losses).......            49,800,145           288,576,106           187,227,492
                                               --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
         on investments......................            65,082,764           217,905,244           129,654,338
                                               --------------------  --------------------  --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................           114,882,909           506,481,350           316,881,830
                                               --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $        123,465,619  $        529,312,170  $        325,483,000
                                               ====================  ====================  ====================


                                                                       BHFTII BRIGHTHOUSE/
                                                BHFTII BRIGHTHOUSE/        DIMENSIONAL
                                                      ARTISAN             INTERNATIONAL      BHFTII BRIGHTHOUSE/
                                                   MID CAP VALUE          SMALL COMPANY      WELLINGTON BALANCED
                                                     DIVISION               DIVISION              DIVISION
                                               ---------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends..............................  $           1,146,093  $             77,690  $         12,170,637
                                               ---------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................              2,005,885                77,138             6,827,518
      Administrative charges.................                312,955                18,823               192,254
                                               ---------------------  --------------------  --------------------
         Total expenses......................              2,318,840                95,961             7,019,772
                                               ---------------------  --------------------  --------------------
           Net investment income (loss)......            (1,172,747)              (18,271)             5,150,865
                                               ---------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............             22,200,083               686,877            33,520,230
      Realized gains (losses) on sale of
         investments.........................                615,908             (263,756)             6,471,943
                                               ---------------------  --------------------  --------------------
           Net realized gains (losses).......             22,815,991               423,121            39,992,173
                                               ---------------------  --------------------  --------------------
      Change in unrealized gains (losses)
         on investments......................             14,827,912             1,067,987            62,262,103
                                               ---------------------  --------------------  --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................             37,643,903             1,491,108           102,254,276
                                               ---------------------  --------------------  --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $          36,471,156  $          1,472,837  $        107,405,141
                                               =====================  ====================  ====================


                                                BHFTII BRIGHTHOUSE/
                                                    WELLINGTON
                                                    CORE EQUITY
                                                   OPPORTUNITIES
                                                     DIVISION
                                               ---------------------

INVESTMENT INCOME:
      Dividends..............................  $           7,384,997
                                               ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................              5,322,157
      Administrative charges.................              1,063,145
                                               ---------------------
         Total expenses......................              6,385,302
                                               ---------------------
           Net investment income (loss)......                999,695
                                               ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............             42,392,238
      Realized gains (losses) on sale of
         investments.........................             10,175,837
                                               ---------------------
           Net realized gains (losses).......             52,568,075
                                               ---------------------
      Change in unrealized gains (losses)
         on investments......................             75,569,821
                                               ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................            128,137,896
                                               ---------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $         129,137,591
                                               =====================


(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-34



 The accompanying notes are an integral part of these financial statements.


                                    E-35



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONTINUED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019




                                                     BHFTII                                      BHFTII                BHFTII
                                                    FRONTIER               BHFTII             LOOMIS SAYLES         LOOMIS SAYLES
                                                 MID CAP GROWTH        JENNISON GROWTH       SMALL CAP CORE       SMALL CAP GROWTH
                                                    DIVISION              DIVISION              DIVISION              DIVISION
                                              --------------------  --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends.............................  $                 --  $            532,760  $             13,741  $                 --
                                              --------------------  --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................             5,740,139             2,168,946             1,639,402               629,553
      Administrative charges................               194,607               412,729               315,427                95,553
                                              --------------------  --------------------  --------------------  --------------------
        Total expenses......................             5,934,746             2,581,675             1,954,829               725,106
                                              --------------------  --------------------  --------------------  --------------------
           Net investment income (loss).....           (5,934,746)           (2,048,915)           (1,941,088)             (725,106)
                                              --------------------  --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........            63,218,276            30,863,944            16,836,174            10,078,421
      Realized gains (losses) on sale of
        investments.........................            14,132,961             3,842,018               985,265               586,508
                                              --------------------  --------------------  --------------------  --------------------
           Net realized gains (losses)......            77,351,237            34,705,962            17,821,439            10,664,929
                                              --------------------  --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
        on investments......................            56,953,993            21,893,810            17,213,486             3,049,705
                                              --------------------  --------------------  --------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................           134,305,230            56,599,772            35,034,925            13,714,634
                                              --------------------  --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $        128,370,484  $         54,550,857  $         33,093,837  $         12,989,528
                                              ====================  ====================  ====================  ====================



                                                 BHFTII METLIFE         BHFTII METLIFE        BHFTII METLIFE
                                              AGGREGATE BOND INDEX    MID CAP STOCK INDEX   MSCI EAFE(R) INDEX
                                                    DIVISION               DIVISION              DIVISION
                                              ---------------------  ---------------------  -------------------

INVESTMENT INCOME:
      Dividends.............................  $         29,265,842   $          5,983,488   $        11,442,153
                                              ---------------------  ---------------------  -------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................            10,079,774              5,224,835             4,719,288
      Administrative charges................             2,070,386                894,820               882,633
                                              ---------------------  ---------------------  -------------------
        Total expenses......................            12,150,160              6,119,655             5,601,921
                                              ---------------------  ---------------------  -------------------
           Net investment income (loss).....            17,115,682              (136,167)             5,840,232
                                              ---------------------  ---------------------  -------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........                    --             48,424,118             3,346,299
      Realized gains (losses) on sale of
        investments.........................           (1,121,173)             10,258,814             6,056,174
                                              ---------------------  ---------------------  -------------------
           Net realized gains (losses)......           (1,121,173)             58,682,932             9,402,473
                                              ---------------------  ---------------------  -------------------
      Change in unrealized gains (losses)
        on investments......................            50,141,578             46,963,956            67,122,990
                                              ---------------------  ---------------------  -------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................            49,020,405            105,646,888            76,525,463
                                              ---------------------  ---------------------  -------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $         66,136,087   $        105,510,721   $        82,365,695
                                              =====================  =====================  ===================



                                                 BHFTII METLIFE         BHFTII METLIFE         BHFTII MFS(R)
                                              RUSSELL 2000(R) INDEX       STOCK INDEX          TOTAL RETURN
                                                    DIVISION               DIVISION              DIVISION
                                              ---------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends.............................  $         3,352,425    $         60,057,101  $          2,744,918
                                              ---------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................            3,467,404              32,710,655             1,248,637
      Administrative charges................              538,006               3,480,981               234,409
                                              ---------------------  --------------------  --------------------
        Total expenses......................            4,005,410              36,191,636             1,483,046
                                              ---------------------  --------------------  --------------------
           Net investment income (loss).....            (652,985)              23,865,465             1,261,872
                                              ---------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........           31,507,366             221,184,378             4,935,560
      Realized gains (losses) on sale of
        investments.........................            8,650,180             139,119,247             1,726,317
                                              ---------------------  --------------------  --------------------
           Net realized gains (losses)......           40,157,546             360,303,625             6,661,877
                                              ---------------------  --------------------  --------------------
      Change in unrealized gains (losses)
        on investments......................           29,107,534             362,005,319            12,979,256
                                              ---------------------  --------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................           69,265,080             722,308,944            19,641,133
                                              ---------------------  --------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $        68,612,095    $        746,174,409  $         20,903,005
                                              =====================  ====================  ====================


(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-36



 The accompanying notes are an integral part of these financial statements.


                                    E-37



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONTINUED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019





                                                                            BHFTII                BHFTII
                                                                       NEUBERGER BERMAN        T. ROWE PRICE
                                                BHFTII MFS(R) VALUE         GENESIS          LARGE CAP GROWTH
                                                     DIVISION              DIVISION              DIVISION
                                               --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends..............................  $         11,354,352  $            335,519  $          1,562,524
                                               --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             6,896,268             3,157,901             6,440,006
      Administrative charges.................             1,260,648               398,032             1,070,219
                                               --------------------  --------------------  --------------------
         Total expenses......................             8,156,916             3,555,933             7,510,225
                                               --------------------  --------------------  --------------------
           Net investment income (loss)......             3,197,436           (3,220,414)           (5,947,701)
                                               --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............            43,389,648            39,274,287            91,698,192
      Realized gains (losses) on sale of
         investments.........................             1,345,885             7,969,092             8,319,858
                                               --------------------  --------------------  --------------------
           Net realized gains (losses).......            44,735,533            47,243,379           100,018,050
                                               --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
         on investments......................           111,976,103            24,540,804            57,457,041
                                               --------------------  --------------------  --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................           156,711,636            71,784,183           157,475,091
                                               --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $        159,909,072  $         68,563,769  $        151,527,390
                                               ====================  ====================  ====================


                                                                                              BHFTII WESTERN
                                                      BHFTII                BHFTII           ASSET MANAGEMENT
                                                   T. ROWE PRICE        VAN ECK GLOBAL        STRATEGIC BOND
                                                 SMALL CAP GROWTH      NATURAL RESOURCES       OPPORTUNITIES
                                                     DIVISION              DIVISION              DIVISION
                                               --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends..............................  $             93,980  $             89,978  $         20,256,447
                                               --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             4,810,257               257,353             4,504,650
      Administrative charges.................               602,701                65,371               880,367
                                               --------------------  --------------------  --------------------
         Total expenses......................             5,412,958               322,724             5,385,017
                                               --------------------  --------------------  --------------------
           Net investment income (loss)......           (5,318,978)             (232,746)            14,871,430
                                               --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............            62,113,229                    --                    --
      Realized gains (losses) on sale of
         investments.........................            12,243,190           (1,303,799)             2,049,280
                                               --------------------  --------------------  --------------------
           Net realized gains (losses).......            74,356,419           (1,303,799)             2,049,280
                                               --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
         on investments......................            48,190,740             4,310,937            34,685,544
                                               --------------------  --------------------  --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................           122,547,159             3,007,138            36,734,824
                                               --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $        117,228,181  $          2,774,392  $         51,606,254
                                               ====================  ====================  ====================



                                                  BHFTII WESTERN
                                                 ASSET MANAGEMENT           BLACKROCK             CALVERT VP
                                                  U.S. GOVERNMENT    GLOBAL ALLOCATION V.I.      SRI BALANCED
                                                     DIVISION               DIVISION               DIVISION
                                               --------------------  ----------------------  --------------------

INVESTMENT INCOME:
      Dividends..............................  $          3,444,123   $              1,247   $            782,361
                                               --------------------  ----------------------  --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             1,406,033                  1,114                540,405
      Administrative charges.................               288,694                    236                 39,709
                                               --------------------  ----------------------  --------------------
         Total expenses......................             1,694,727                  1,350                580,114
                                               --------------------  ----------------------  --------------------
           Net investment income (loss)......             1,749,396                  (103)                202,247
                                               --------------------  ----------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............                    --                  3,878              1,800,991
      Realized gains (losses) on sale of
         investments.........................             (614,870)                   (88)                581,558
                                               --------------------  ----------------------  --------------------
           Net realized gains (losses).......             (614,870)                  3,790              2,382,549
                                               --------------------  ----------------------  --------------------
      Change in unrealized gains (losses)
         on investments......................             4,845,617                 10,510              7,477,530
                                               --------------------  ----------------------  --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................             4,230,747                 14,300              9,860,079
                                               --------------------  ----------------------  --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $          5,980,143   $             14,197   $         10,062,326
                                               ====================  ======================  ====================




                                                    CALVERT VP
                                                    SRI MID CAP
                                                     DIVISION
                                               --------------------

INVESTMENT INCOME:
      Dividends..............................  $             36,220
                                               --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................                76,306
      Administrative charges.................                    --
                                               --------------------
         Total expenses......................                76,306
                                               --------------------
           Net investment income (loss)......              (40,086)
                                               --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............               682,335
      Realized gains (losses) on sale of
         investments.........................                60,144
                                               --------------------
           Net realized gains (losses).......               742,479
                                               --------------------
      Change in unrealized gains (losses)
         on investments......................             1,358,056
                                               --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................             2,100,535
                                               --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $          2,060,449
                                               ====================


(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-38



 The accompanying notes are an integral part of these financial statements.


                                    E-39



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONTINUED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019




                                                  DELAWARE VIP         FIDELITY(R) VIP        FIDELITY(R) VIP
                                                 SMALL CAP VALUE         CONTRAFUND            EQUITY-INCOME
                                                    DIVISION              DIVISION               DIVISION
                                             ---------------------  ---------------------  ---------------------

INVESTMENT INCOME:
      Dividends............................  $                  92  $               1,466  $           1,290,942
                                             ---------------------  ---------------------  ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges.....................                     36                  5,551                645,489
      Administrative charges...............                      4                    672                 46,252
                                             ---------------------  ---------------------  ---------------------
         Total expenses....................                     40                  6,223                691,741
                                             ---------------------  ---------------------  ---------------------
           Net investment income (loss)....                     52                (4,757)                599,201
                                             ---------------------  ---------------------  ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions..........                    688                 78,080              4,438,337
      Realized gains (losses) on sale of
         investments.......................                  (413)                  3,063                264,988
                                             ---------------------  ---------------------  ---------------------
           Net realized gains (losses).....                    275                 81,143              4,703,325
                                             ---------------------  ---------------------  ---------------------
      Change in unrealized gains (losses)
         on investments....................                    818                 97,587             10,253,112
                                             ---------------------  ---------------------  ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments....................                  1,093                178,730             14,956,437
                                             ---------------------  ---------------------  ---------------------
      Net increase (decrease) in net assets
         resulting from operations.........  $               1,145  $             173,973  $          15,555,638
                                             =====================  =====================  =====================


                                                 FIDELITY(R) VIP        FIDELITY(R) VIP       FIDELITY(R) VIP
                                                  FREEDOM 2020           FREEDOM 2025          FREEDOM 2030
                                                    DIVISION               DIVISION              DIVISION
                                             ---------------------  ---------------------  ---------------------

INVESTMENT INCOME:
      Dividends............................  $              53,214  $              58,526  $              67,256
                                             ---------------------  ---------------------  ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges.....................                 22,550                 25,838                 29,596
      Administrative charges...............                  1,208                  1,791                  3,270
                                             ---------------------  ---------------------  ---------------------
         Total expenses....................                 23,758                 27,629                 32,866
                                             ---------------------  ---------------------  ---------------------
           Net investment income (loss)....                 29,456                 30,897                 34,390
                                             ---------------------  ---------------------  ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions..........                 77,015                 52,392                119,854
      Realized gains (losses) on sale of
         investments.......................                 16,769                 14,717                 40,925
                                             ---------------------  ---------------------  ---------------------
           Net realized gains (losses).....                 93,784                 67,109                160,779
                                             ---------------------  ---------------------  ---------------------
      Change in unrealized gains (losses)
         on investments....................                225,482                332,544                517,758
                                             ---------------------  ---------------------  ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments....................                319,266                399,653                678,537
                                             ---------------------  ---------------------  ---------------------
      Net increase (decrease) in net assets
         resulting from operations.........  $             348,722  $             430,550  $             712,927
                                             =====================  =====================  =====================


                                                 FIDELITY(R) VIP        FIDELITY(R) VIP       FIDELITY(R) VIP
                                                  FREEDOM 2035           FREEDOM 2040          FREEDOM 2045
                                                    DIVISION               DIVISION              DIVISION
                                             ---------------------  ---------------------  ---------------------

INVESTMENT INCOME:
      Dividends............................  $               6,547  $              18,531  $              11,741
                                             ---------------------  ---------------------  ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges.....................                  2,410                  7,763                  4,507
      Administrative charges...............                    132                    605                    435
                                             ---------------------  ---------------------  ---------------------
         Total expenses....................                  2,542                  8,368                  4,942
                                             ---------------------  ---------------------  ---------------------
           Net investment income (loss)....                  4,005                 10,163                  6,799
                                             ---------------------  ---------------------  ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions..........                  5,143                 23,139                  8,472
      Realized gains (losses) on sale of
         investments.......................                    364                    409                  1,134
                                             ---------------------  ---------------------  ---------------------
           Net realized gains (losses).....                  5,507                 23,548                  9,606
                                             ---------------------  ---------------------  ---------------------
      Change in unrealized gains (losses)
         on investments....................                 40,813                163,004                 84,279
                                             ---------------------  ---------------------  ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments....................                 46,320                186,552                 93,885
                                             ---------------------  ---------------------  ---------------------
      Net increase (decrease) in net assets
         resulting from operations.........  $              50,325  $             196,715  $             100,684
                                             =====================  =====================  =====================


                                                 FIDELITY(R) VIP
                                                  FREEDOM 2050
                                                    DIVISION
                                             ---------------------

INVESTMENT INCOME:
      Dividends............................  $              19,083
                                             ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges.....................                  7,474
      Administrative charges...............                    415
                                             ---------------------
         Total expenses....................                  7,889
                                             ---------------------
           Net investment income (loss)....                 11,194
                                             ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions..........                 18,521
      Realized gains (losses) on sale of
         investments.......................                  5,738
                                             ---------------------
           Net realized gains (losses).....                 24,259
                                             ---------------------
      Change in unrealized gains (losses)
         on investments....................                147,540
                                             ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments....................                171,799
                                             ---------------------
      Net increase (decrease) in net assets
         resulting from operations.........  $             182,993
                                             =====================


(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-40



 The accompanying notes are an integral part of these financial statements.


                                    E-41



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONTINUED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019





                                                                                              FIDELITY(R) VIP
                                                  FIDELITY(R) VIP       FIDELITY(R) VIP      GOVERNMENT MONEY
                                                 FUNDSMANAGER 50%      FUNDSMANAGER 60%           MARKET
                                                     DIVISION              DIVISION              DIVISION
                                               --------------------  --------------------  ---------------------

INVESTMENT INCOME:
      Dividends..............................  $          4,188,590  $          3,529,354  $             101,392
                                               --------------------  --------------------  ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................             5,085,531             4,627,137                 48,193
      Administrative charges.................                    --                    --                     --
                                               --------------------  --------------------  ---------------------
         Total expenses......................             5,085,531             4,627,137                 48,193
                                               --------------------  --------------------  ---------------------
           Net investment income (loss)......             (896,941)           (1,097,783)                 53,199
                                               --------------------  --------------------  ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............            25,154,841            38,681,121                     --
      Realized gains (losses) on sale of
         investments.........................             (421,765)           (1,431,991)                     --
                                               --------------------  --------------------  ---------------------
           Net realized gains (losses).......            24,733,076            37,249,130                     --
                                               --------------------  --------------------  ---------------------
      Change in unrealized gains (losses)
         on investments......................            13,945,384             3,383,565                     --
                                               --------------------  --------------------  ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................            38,678,460            40,632,695                     --
                                               --------------------  --------------------  ---------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $         37,781,519  $         39,534,912  $              53,199
                                               ====================  ====================  =====================


                                                                          FIDELITY(R) VIP
                                                                         INVESTMENT GRADE        FIDELITY(R) VIP
                                               FIDELITY(R) VIP GROWTH          BOND                  MID CAP
                                                      DIVISION               DIVISION               DIVISION
                                               ----------------------  ---------------------  --------------------

INVESTMENT INCOME:
      Dividends..............................   $            245,476   $             241,862  $              2,931
                                               ----------------------  ---------------------  --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................                918,871                  86,032                 3,528
      Administrative charges.................                     --                      --                   440
                                               ----------------------  ---------------------  --------------------
         Total expenses......................                918,871                  86,032                 3,968
                                               ----------------------  ---------------------  --------------------
           Net investment income (loss)......              (673,395)                 155,830               (1,037)
                                               ----------------------  ---------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............              6,083,117                      --                50,332
      Realized gains (losses) on sale of
         investments.........................              5,563,729                  32,547               (2,417)
                                               ----------------------  ---------------------  --------------------
           Net realized gains (losses).......             11,646,846                  32,547                47,915
                                               ----------------------  ---------------------  --------------------
      Change in unrealized gains (losses)
         on investments......................             16,096,876                 565,337                39,891
                                               ----------------------  ---------------------  --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................             27,743,722                 597,884                87,806
                                               ----------------------  ---------------------  --------------------
      Net increase (decrease) in net assets
         resulting from operations...........   $         27,070,327   $             753,714  $             86,769
                                               ======================  =====================  ====================


                                                 FTVIPT TEMPLETON
                                                    DEVELOPING          FTVIPT TEMPLETON        IVY VIP ASSET
                                                    MARKETS VIP            FOREIGN VIP            STRATEGY
                                                     DIVISION             DIVISION (a)            DIVISION
                                               --------------------  ---------------------  ---------------------

INVESTMENT INCOME:
      Dividends..............................  $                917  $                  --  $                  42
                                               --------------------  ---------------------  ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................                   691                      1                     23
      Administrative charges.................                    85                     --                      4
                                               --------------------  ---------------------  ---------------------
         Total expenses......................                   776                      1                     27
                                               --------------------  ---------------------  ---------------------
           Net investment income (loss)......                   141                    (1)                     15
                                               --------------------  ---------------------  ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............                    --                     --                     81
      Realized gains (losses) on sale of
         investments.........................                19,277                   (32)                   (19)
                                               --------------------  ---------------------  ---------------------
           Net realized gains (losses).......                19,277                   (32)                     62
                                               --------------------  ---------------------  ---------------------
      Change in unrealized gains (losses)
         on investments......................                 (850)                     77                    321
                                               --------------------  ---------------------  ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................                18,427                     45                    383
                                               --------------------  ---------------------  ---------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $             18,568  $                  44  $                 398
                                               ====================  =====================  =====================



                                                  JANUS HENDERSON
                                                    ENTERPRISE
                                                     DIVISION
                                               --------------------

INVESTMENT INCOME:
      Dividends..............................  $                 46
                                               --------------------
EXPENSES:
      Mortality and expense risk and
         other charges.......................                   842
      Administrative charges.................                   104
                                               --------------------
         Total expenses......................                   946
                                               --------------------
           Net investment income (loss)......                 (900)
                                               --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions............                 5,594
      Realized gains (losses) on sale of
         investments.........................                11,433
                                               --------------------
           Net realized gains (losses).......                17,027
                                               --------------------
      Change in unrealized gains (losses)
         on investments......................                15,864
                                               --------------------
      Net realized and change in
         unrealized gains (losses)
         on investments......................                32,891
                                               --------------------
      Net increase (decrease) in net assets
         resulting from operations...........  $             31,991
                                               ====================



(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-42



 The accompanying notes are an integral part of these financial statements.


                                    E-43



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONTINUED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019





                                                     LMPVET                LMPVET                LMPVET                LMPVET
                                              CLEARBRIDGE VARIABLE  CLEARBRIDGE VARIABLE  CLEARBRIDGE VARIABLE  CLEARBRIDGE VARIABLE
                                                  APPRECIATION        DIVIDEND STRATEGY     LARGE CAP GROWTH      SMALL CAP GROWTH
                                                    DIVISION              DIVISION              DIVISION              DIVISION
                                              --------------------  --------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends.............................  $                695  $              1,061  $              1,702  $                 --
                                              --------------------  --------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................                   388                   585                 4,381                   150
      Administrative charges................                    47                    72                   540                    17
                                              --------------------  --------------------  --------------------  --------------------
        Total expenses......................                   435                   657                 4,921                   167
                                              --------------------  --------------------  --------------------  --------------------
           Net investment income (loss).....                   260                   404               (3,219)                 (167)
                                              --------------------  --------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........                 3,167                 5,492                20,702                 1,830
      Realized gains (losses) on sale of
        investments.........................                   242                 1,824                41,836                   121
                                              --------------------  --------------------  --------------------  --------------------
           Net realized gains (losses)......                 3,409                 7,316                62,538                 1,951
                                              --------------------  --------------------  --------------------  --------------------
      Change in unrealized gains (losses)
        on investments......................                 8,444                11,304                81,041                 2,305
                                              --------------------  --------------------  --------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................                11,853                18,620               143,579                 4,256
                                              --------------------  --------------------  --------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $             12,113  $             19,024  $            140,360  $              4,089
                                              ====================  ====================  ====================  ====================


                                                                                            OPPENHEIMER GLOBAL
                                                 LMPVIT WESTERN      MORGAN STANLEY VIF     MULTI-ALTERNATIVES
                                                 ASSET CORE PLUS    GLOBAL INFRASTRUCTURE         FUND/VA
                                                    DIVISION              DIVISION             DIVISION (b)
                                              --------------------  ---------------------  --------------------

INVESTMENT INCOME:
      Dividends.............................  $              1,764  $              1,728   $                170
                                              --------------------  ---------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................                   466                   739                     52
      Administrative charges................                    57                   166                     12
                                              --------------------  ---------------------  --------------------
        Total expenses......................                   523                   905                     64
                                              --------------------  ---------------------  --------------------
           Net investment income (loss).....                 1,241                   823                    106
                                              --------------------  ---------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........                    --                 3,079                     --
      Realized gains (losses) on sale of
        investments.........................                 (724)                  (73)                  (295)
                                              --------------------  ---------------------  --------------------
           Net realized gains (losses)......                 (724)                 3,006                  (295)
                                              --------------------  ---------------------  --------------------
      Change in unrealized gains (losses)
        on investments......................                 6,166                11,777                    634
                                              --------------------  ---------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................                 5,442                14,783                    339
                                              --------------------  ---------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations...........  $              6,683  $             15,606   $                445
                                              ====================  =====================  ====================


                                                     PIMCO VIT                                    PIMCO VIT
                                              COMMODITYREALRETURN(R)        PIMCO VIT         EMERGING MARKETS
                                                     STRATEGY             DYNAMIC BOND              BOND
                                                     DIVISION               DIVISION              DIVISION
                                              ----------------------  --------------------  --------------------

INVESTMENT INCOME:
      Dividends.............................   $              1,528   $              2,131  $              2,601
                                              ----------------------  --------------------  --------------------
EXPENSES:
      Mortality and expense risk and
        other charges.......................                    410                    912                   685
      Administrative charges................                     87                    210                   154
                                              ----------------------  --------------------  --------------------
        Total expenses......................                    497                  1,122                   839
                                              ----------------------  --------------------  --------------------
           Net investment income (loss).....                  1,031                  1,009                 1,762
                                              ----------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........                     --                  1,405                    --
      Realized gains (losses) on sale of
        investments.........................                (1,262)                     76                   126
                                              ----------------------  --------------------  --------------------
           Net realized gains (losses)......                (1,262)                  1,481                   126
                                              ----------------------  --------------------  --------------------
      Change in unrealized gains (losses)
        on investments......................                  3,495                    228                 5,832
                                              ----------------------  --------------------  --------------------
      Net realized and change in
        unrealized gains (losses)
        on investments......................                  2,233                  1,709                 5,958
                                              ----------------------  --------------------  --------------------
      Net increase (decrease) in net assets
        resulting from operations...........   $              3,264   $              2,718  $              7,720
                                              ======================  ====================  ====================



(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-44



 The accompanying notes are an integral part of these financial statements.


                                    E-45



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                   STATEMENTS OF OPERATIONS -- (CONCLUDED)
                    FOR THE YEAR ENDED DECEMBER 31, 2019




                                                                                                                 TAP 1919 VARIABLE
                                                                                                                SOCIALLY RESPONSIVE
                                                                                                                     BALANCED
                                                                                                                     DIVISION
                                                                                                               ---------------------

INVESTMENT INCOME:
      Dividends.............................................................................................   $                 276
                                                                                                               ---------------------
EXPENSES:
      Mortality and expense risk and
         other charges......................................................................................                     232
      Administrative charges................................................................................                      28
                                                                                                               ---------------------
         Total expenses                                                                                                          260
                                                                                                               ---------------------
           Net investment income (loss).....................................................................                      16
                                                                                                               ---------------------
NET REALIZED AND CHANGE IN
   UNREALIZED GAINS (LOSSES)
   ON INVESTMENTS:
      Realized gain distributions...........................................................................                   1,141
      Realized gains (losses) on sale of
         investments........................................................................................                     245
                                                                                                               ---------------------
           Net realized gains (losses)......................................................................                   1,386
                                                                                                               ---------------------
      Change in unrealized gains (losses)
         on investments.....................................................................................                   5,277
                                                                                                               ---------------------
      Net realized and change in
         unrealized gains (losses)
         on investments.....................................................................................                   6,663
                                                                                                               ---------------------
      Net increase (decrease) in net assets
         resulting from operations..........................................................................   $               6,679
                                                                                                               =====================


(a) Had no assets at December 31, 2019.


(b) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-46



This page is intentionally left blank.



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
                     STATEMENTS OF CHANGES IN NET ASSETS
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018





                                           AMERICAN FUNDS(R) BOND           AMERICAN FUNDS(R) GLOBAL GROWTH
                                                  DIVISION                             DIVISION
                                     -----------------------------------  ------------------------------------
                                           2019               2018               2019              2018
                                     ----------------  -----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $        860,944  $         684,329  $             694  $           (978)
   Net realized gains (losses).....          (68,402)          (794,644)             33,973             42,184
   Change in unrealized gains
     (losses) on investments.......         4,872,541        (1,887,366)             47,792           (65,677)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         5,665,083        (1,997,681)             82,459           (24,471)
                                     ----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........         1,262,146          1,166,816              1,820              5,012
   Net transfers (including fixed
     account)......................         5,560,403          1,066,392           (79,227)              (698)
   Contract charges................         (373,130)          (409,504)                 --                 --
   Transfers for Contract benefits
     and terminations..............       (9,752,029)       (13,706,662)           (13,682)          (102,027)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (3,302,610)       (11,882,958)           (91,089)           (97,713)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............         2,362,473       (13,880,639)            (8,630)          (122,184)
NET ASSETS:
   Beginning of year...............        74,861,593         88,742,232            251,565            373,749
                                     ----------------  -----------------  -----------------  -----------------
   End of year.....................  $     77,224,066  $      74,861,593  $         242,935  $         251,565
                                     ================  =================  =================  =================


                                       AMERICAN FUNDS(R) GLOBAL SMALL
                                               CAPITALIZATION                  AMERICAN FUNDS(R) GROWTH
                                                  DIVISION                             DIVISION
                                     -----------------------------------  ------------------------------------
                                           2019               2018               2019              2018
                                     ----------------  -----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $    (5,422,705)  $     (6,461,998)  $     (6,668,084)  $    (10,695,705)
   Net realized gains (losses).....        36,192,131         33,392,311        133,388,212        150,142,993
   Change in unrealized gains
     (losses) on investments.......        78,422,533       (77,795,335)        121,935,512      (143,530,513)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............       109,191,959       (50,865,022)        248,655,640        (4,083,225)
                                     ----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........         5,602,130          6,574,096         13,171,188         15,156,666
   Net transfers (including fixed
     account)......................      (15,564,501)        (2,410,656)       (31,504,395)       (33,846,579)
   Contract charges................       (1,791,917)        (1,959,053)        (2,687,424)        (2,894,768)
   Transfers for Contract benefits
     and terminations..............      (51,637,378)       (61,562,503)      (116,027,425)      (134,437,276)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......      (63,391,666)       (59,358,116)      (137,048,056)      (156,021,957)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............        45,800,293      (110,223,138)        111,607,584      (160,105,182)
NET ASSETS:
   Beginning of year...............       391,323,313        501,546,451        911,540,508      1,071,645,690
                                     ----------------  -----------------  -----------------  -----------------
   End of year.....................  $    437,123,606  $     391,323,313  $   1,023,148,092  $     911,540,508
                                     ================  =================  =================  =================


                                                                                   BHFTI AB GLOBAL
                                       AMERICAN FUNDS(R) GROWTH-INCOME           DYNAMIC ALLOCATION
                                                  DIVISION                            DIVISION
                                     ----------------------------------  ------------------------------------
                                           2019              2018               2019              2018
                                     ----------------  ----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $      1,436,026  $      (796,915)  $      30,397,130  $       6,257,877
   Net realized gains (losses).....        95,621,069        87,672,156         57,885,441         35,144,576
   Change in unrealized gains
     (losses) on investments.......        65,653,475     (103,808,158)        121,512,992      (164,320,962)
                                     ----------------  ----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............       162,710,570      (16,932,917)        209,795,563      (122,918,509)
                                     ----------------  ----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........         8,576,044         9,457,065            709,324          1,104,256
   Net transfers (including fixed
     account)......................      (12,640,486)      (17,194,299)       (21,679,688)       (37,099,844)
   Contract charges................       (2,663,497)       (2,898,679)       (20,256,664)       (21,697,420)
   Transfers for Contract benefits
     and terminations..............      (93,491,846)     (113,503,013)      (147,263,079)      (126,992,973)
                                     ----------------  ----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......     (100,219,785)     (124,138,926)      (188,490,107)      (184,685,981)
                                     ----------------  ----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............        62,490,785     (141,071,843)         21,305,456      (307,604,490)
NET ASSETS:
   Beginning of year...............       704,784,793       845,856,636      1,327,086,693      1,634,691,183
                                     ----------------  ----------------  -----------------  -----------------
   End of year.....................  $    767,275,578  $    704,784,793  $   1,348,392,149  $   1,327,086,693
                                     ================  ================  =================  =================


                                           BHFTI AMERICAN FUNDS(R)
                                             BALANCED ALLOCATION
                                                  DIVISION
                                     ----------------------------------
                                           2019              2018
                                     ----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $      4,462,145  $      1,830,844
   Net realized gains (losses).....        63,250,333        58,137,381
   Change in unrealized gains
     (losses) on investments.......        64,375,432     (103,970,096)
                                     ----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............       132,087,910      (44,001,871)
                                     ----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........         4,774,211         5,037,351
   Net transfers (including fixed
     account)......................         5,687,408        21,511,092
   Contract charges................       (8,002,718)       (8,455,751)
   Transfers for Contract benefits
     and terminations..............     (106,777,126)     (120,419,294)
                                     ----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......     (104,318,225)     (102,326,602)
                                     ----------------  ----------------
     Net increase (decrease)
        in net assets..............        27,769,685     (146,328,473)
NET ASSETS:
   Beginning of year...............       773,156,170       919,484,643
                                     ----------------  ----------------
   End of year.....................  $    800,925,855  $    773,156,170
                                     ================  ================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-48



 The accompanying notes are an integral part of these financial statements.


                                    E-49



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                           BHFTI AMERICAN FUNDS(R)
                                              GROWTH ALLOCATION              BHFTI AMERICAN FUNDS(R) GROWTH
                                                  DIVISION                              DIVISION
                                     -----------------------------------  ------------------------------------
                                           2019               2018               2019               2018
                                     -----------------  ----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       1,866,839  $      (252,527)  $     (2,794,478)  $     (3,367,198)
   Net realized gains (losses).....         40,276,095        35,870,228         54,937,555         68,913,010
   Change in unrealized gains
     (losses) on investments.......         43,847,086      (65,152,673)         31,493,558       (65,213,137)
                                     -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         85,990,020      (29,534,972)         83,636,635            332,675
                                     -----------------  ----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          5,987,264         7,476,966            758,372          1,045,691
   Net transfers (including fixed
     account)......................            886,887         5,634,249        (9,194,554)       (20,365,695)
   Contract charges................        (3,741,589)       (3,844,852)        (2,606,271)        (2,966,803)
   Transfers for Contract benefits
     and terminations..............       (40,791,035)      (56,118,263)       (54,188,503)       (58,768,471)
                                     -----------------  ----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (37,658,473)      (46,851,900)       (65,230,956)       (81,055,278)
                                     -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............         48,331,547      (76,386,872)         18,405,679       (80,722,603)
NET ASSETS:
   Beginning of year...............        403,169,471       479,556,343        315,250,770        395,973,373
                                     -----------------  ----------------  -----------------  -----------------
   End of year.....................  $     451,501,018  $    403,169,471  $     333,656,449  $     315,250,770
                                     =================  ================  =================  =================


                                           BHFTI AMERICAN FUNDS(R)
                                             MODERATE ALLOCATION             BHFTI AQR GLOBAL RISK BALANCED
                                                  DIVISION                              DIVISION
                                     ------------------------------------  ----------------------------------
                                            2019              2018               2019              2018
                                     -----------------  -----------------  ----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       5,794,683  $       4,051,100  $     17,907,999  $    (9,805,401)
   Net realized gains (losses).....         48,405,217         51,001,850      (27,786,573)        72,287,727
   Change in unrealized gains
     (losses) on investments.......         54,684,421       (93,170,445)       186,555,019     (147,999,159)
                                     -----------------  -----------------  ----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        108,884,321       (38,117,495)       176,676,445      (85,516,833)
                                     -----------------  -----------------  ----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          5,243,132          5,992,456           900,595           924,209
   Net transfers (including fixed
     account)......................        (2,177,095)        (8,153,286)      (17,054,808)      (36,716,431)
   Contract charges................        (8,076,744)        (8,770,526)      (16,117,924)      (16,999,078)
   Transfers for Contract benefits
     and terminations..............      (100,303,436)      (117,877,180)     (112,091,161)      (92,301,744)
                                     -----------------  -----------------  ----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......      (105,314,143)      (128,808,536)     (144,363,298)     (145,093,044)
                                     -----------------  -----------------  ----------------  ----------------
     Net increase (decrease)
        in net assets..............          3,570,178      (166,926,031)        32,313,147     (230,609,877)
NET ASSETS:
   Beginning of year...............        782,649,526        949,575,557     1,003,736,398     1,234,346,275
                                     -----------------  -----------------  ----------------  ----------------
   End of year.....................  $     786,219,704  $     782,649,526  $  1,036,049,545  $  1,003,736,398
                                     =================  =================  ================  ================


                                            BHFTI BLACKROCK GLOBAL
                                              TACTICAL STRATEGIES              BHFTI BLACKROCK HIGH YIELD
                                                   DIVISION                             DIVISION
                                     ------------------------------------  ------------------------------------
                                            2019              2018               2019               2018
                                     -----------------  -----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $    (18,060,994)  $       3,320,354  $          18,657  $          15,048
   Net realized gains (losses).....          9,952,018        139,751,429               (88)                300
   Change in unrealized gains
     (losses) on investments.......        309,920,134      (298,288,753)             32,028           (31,733)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        301,811,158      (155,216,970)             50,597           (16,385)
                                     -----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........            993,414          1,063,251             15,646             20,770
   Net transfers (including fixed
     account)......................       (20,710,205)       (27,458,179)             19,832           (16,731)
   Contract charges................       (25,681,599)       (27,322,232)               (45)               (52)
   Transfers for Contract benefits
     and terminations..............      (191,150,413)      (159,665,680)           (26,061)           (11,547)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......      (236,548,803)      (213,382,840)              9,372            (7,560)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............         65,262,355      (368,599,810)             59,969           (23,945)
NET ASSETS:
   Beginning of year...............      1,660,961,194      2,029,561,004            389,657            413,602
                                     -----------------  -----------------  -----------------  -----------------
   End of year.....................  $   1,726,223,549  $   1,660,961,194  $         449,626  $         389,657
                                     =================  =================  =================  =================


                                              BHFTI BRIGHTHOUSE
                                            ASSET ALLOCATION 100
                                                  DIVISION
                                     -----------------------------------
                                           2019               2018
                                     ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $        885,561  $       (303,191)
   Net realized gains (losses).....        25,624,510         12,717,832
   Change in unrealized gains
     (losses) on investments.......        24,894,112       (37,541,071)
                                     ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        51,404,183       (25,126,430)
                                     ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........         6,846,378          8,274,923
   Net transfers (including fixed
     account)......................       (2,480,387)        (2,697,266)
   Contract charges................         (471,958)          (496,671)
   Transfers for Contract benefits
     and terminations..............      (22,269,203)       (24,091,363)
                                     ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......      (18,375,170)       (19,010,377)
                                     ----------------  -----------------
     Net increase (decrease)
        in net assets..............        33,029,013       (44,136,807)
NET ASSETS:
   Beginning of year...............       204,491,233        248,628,040
                                     ----------------  -----------------
   End of year.....................  $    237,520,246  $     204,491,233
                                     ================  =================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-50



 The accompanying notes are an integral part of these financial statements.


                                    E-51



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                                    BHFTI                                BHFTI
                                          BRIGHTHOUSE BALANCED PLUS           BRIGHTHOUSE SMALL CAP VALUE
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                           2019               2018              2019               2018
                                     -----------------  ----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $      27,768,228  $     15,280,646  $       (45,776)  $        (23,726)
   Net realized gains (losses).....         22,643,678       330,218,051         1,464,342          1,289,746
   Change in unrealized gains
     (losses) on investments.......        648,617,370     (656,965,469)         2,627,168        (4,153,340)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        699,029,276     (311,466,772)         4,045,734        (2,887,320)
                                     -----------------  ----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          2,147,071         2,193,312           674,567            746,033
   Net transfers (including fixed
     account)......................         34,765,031       117,588,779         (867,443)          (525,857)
   Contract charges................       (49,927,448)      (50,332,938)          (35,191)           (38,794)
   Transfers for Contract benefits
     and terminations..............      (383,920,403)     (319,087,701)       (1,303,878)        (1,704,395)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......      (396,935,749)     (249,638,548)       (1,531,945)        (1,523,013)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............        302,093,527     (561,105,320)         2,513,789        (4,410,333)
NET ASSETS:
   Beginning of year...............      3,308,331,916     3,869,437,236        15,380,952         19,791,285
                                     -----------------  ----------------  ----------------  -----------------
   End of year.....................  $   3,610,425,443  $  3,308,331,916  $     17,894,741  $      15,380,952
                                     =================  ================  ================  =================


                                         BHFTI BRIGHTHOUSE/ABERDEEN             BHFTI BRIGHTHOUSE/ARTISAN
                                           EMERGING MARKETS EQUITY                    INTERNATIONAL
                                                  DIVISION                              DIVISION
                                     ------------------------------------  ------------------------------------
                                            2019              2018               2019               2018
                                     -----------------  -----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $         189,344  $         705,467  $             (1)  $              --
   Net realized gains (losses).....            615,286            632,886                 88                108
   Change in unrealized gains
     (losses) on investments.......          7,540,114        (9,802,919)                460              (357)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............          8,344,744        (8,464,566)                547              (249)
                                     -----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........            111,644            132,442                 --                 --
   Net transfers (including fixed
     account)......................        (2,144,830)          4,713,483              (113)                149
   Contract charges................          (410,683)          (441,570)                (1)                 --
   Transfers for Contract benefits
     and terminations..............        (6,784,499)        (6,810,285)              (349)              (704)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......        (9,228,368)        (2,405,930)              (463)              (555)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............          (883,624)       (10,870,496)                 84              (804)
NET ASSETS:
   Beginning of year...............         47,553,441         58,423,937              2,006              2,810
                                     -----------------  -----------------  -----------------  -----------------
   End of year.....................  $      46,669,817  $      47,553,441  $           2,090  $           2,006
                                     =================  =================  =================  =================


                                           BHFTI BRIGHTHOUSE/EATON            BHFTI BRIGHTHOUSE/FRANKLIN
                                             VANCE FLOATING RATE               LOW DURATION TOTAL RETURN
                                                  DIVISION                             DIVISION
                                     ----------------------------------  ------------------------------------
                                           2019              2018               2019               2018
                                     ----------------  ----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $        909,606  $        630,111  $       1,527,571  $         401,927
   Net realized gains (losses).....          (84,448)          (19,836)          (395,293)          (592,907)
   Change in unrealized gains
     (losses) on investments.......           737,013         (971,344)          1,299,655          (483,201)
                                     ----------------  ----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         1,562,171         (361,069)          2,431,933          (674,181)
                                     ----------------  ----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........            21,787            70,727            467,019            445,950
   Net transfers (including fixed
     account)......................         (113,083)         4,351,742          8,493,710          3,797,220
   Contract charges................          (65,763)          (82,039)          (589,867)          (622,147)
   Transfers for Contract benefits
     and terminations..............       (3,888,774)       (4,337,423)       (12,728,649)       (11,344,205)
                                     ----------------  ----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (4,045,833)             3,007        (4,357,787)        (7,723,182)
                                     ----------------  ----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............       (2,483,662)         (358,062)        (1,925,854)        (8,397,363)
NET ASSETS:
   Beginning of year...............        29,267,597        29,625,659         75,568,731         83,966,094
                                     ----------------  ----------------  -----------------  -----------------
   End of year.....................  $     26,783,935  $     29,267,597  $      73,642,877  $      75,568,731
                                     ================  ================  =================  =================


                                         BHFTI BRIGHTHOUSE/TEMPLETON
                                             INTERNATIONAL BOND
                                                  DIVISION
                                     ------------------------------------
                                            2019              2018
                                     -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $         415,645  $        (86,769)
   Net realized gains (losses).....          (150,092)          (186,380)
   Change in unrealized gains
     (losses) on investments.......          (259,270)            259,364
                                     -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............              6,283           (13,785)
                                     -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........             14,955              9,016
   Net transfers (including fixed
     account)......................            312,877          (190,192)
   Contract charges................           (65,786)           (79,974)
   Transfers for Contract benefits
     and terminations..............          (983,577)        (1,009,793)
                                     -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......          (721,531)        (1,270,943)
                                     -----------------  -----------------
     Net increase (decrease)
        in net assets..............          (715,248)        (1,284,728)
NET ASSETS:
   Beginning of year...............          6,165,086          7,449,814
                                     -----------------  -----------------
   End of year.....................  $       5,449,838  $       6,165,086
                                     =================  =================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-52



 The accompanying notes are an integral part of these financial statements.


                                    E-53



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                        BHFTI BRIGHTHOUSE/WELLINGTON                     BHFTI
                                             LARGE CAP RESEARCH               CLARION GLOBAL REAL ESTATE
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                           2019               2018              2019               2018
                                     -----------------  ----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $         869,963  $       (20,515)  $      3,361,931  $       9,297,778
   Net realized gains (losses).....         98,577,929       109,960,775         (538,799)        (2,633,527)
   Change in unrealized gains
     (losses) on investments.......         87,280,776     (156,055,251)        35,304,328       (26,591,436)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        186,728,668      (46,114,991)        38,127,460       (19,927,185)
                                     -----------------  ----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          4,881,601         5,990,125         2,622,113          3,127,240
   Net transfers (including fixed
     account)......................       (13,237,772)      (11,628,578)       (7,272,448)        (2,861,283)
   Contract charges................          (616,685)         (675,562)         (782,162)          (850,985)
   Transfers for Contract benefits
     and terminations..............       (72,686,880)      (75,636,334)      (22,219,962)       (25,714,082)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (81,659,736)      (81,950,349)      (27,652,459)       (26,299,110)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............        105,068,932     (128,065,340)        10,475,001       (46,226,295)
NET ASSETS:
   Beginning of year...............        636,225,847       764,291,187       172,053,744        218,280,039
                                     -----------------  ----------------  ----------------  -----------------
   End of year.....................  $     741,294,779  $    636,225,847  $    182,528,745  $     172,053,744
                                     =================  ================  ================  =================


                                             BHFTI HARRIS OAKMARK                     BHFTI INVESCO
                                                 INTERNATIONAL                  BALANCED-RISK ALLOCATION
                                                   DIVISION                             DIVISION
                                     ------------------------------------  ------------------------------------
                                            2019               2018              2019               2018
                                     -----------------  -----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       4,063,871  $       2,298,634  $     (5,903,169)  $       (444,829)
   Net realized gains (losses).....         25,522,746         24,869,416        (4,110,620)         36,156,711
   Change in unrealized gains
     (losses) on investments.......         57,501,967      (158,849,111)         71,138,882       (75,432,041)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         87,088,584      (131,681,061)         61,125,093       (39,720,159)
                                     -----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          6,456,415          8,249,242            234,495            280,853
   Net transfers (including fixed
     account)......................       (13,461,208)         34,312,542        (4,322,226)        (2,960,834)
   Contract charges................        (2,320,252)        (2,570,197)        (6,687,964)        (7,126,038)
   Transfers for Contract benefits
     and terminations..............       (50,635,078)       (64,091,347)       (50,823,320)       (44,166,177)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (59,960,123)       (24,099,760)       (61,599,015)       (53,972,196)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............         27,128,461      (155,780,821)          (473,922)       (93,692,355)
NET ASSETS:
   Beginning of year...............        398,451,152        554,231,973        462,317,377        556,009,732
                                     -----------------  -----------------  -----------------  -----------------
   End of year.....................  $     425,579,613  $     398,451,152  $     461,843,455  $     462,317,377
                                     =================  =================  =================  =================



                                           BHFTI INVESCO COMSTOCK              BHFTI INVESCO GLOBAL EQUITY
                                                  DIVISION                              DIVISION
                                     -----------------------------------  -----------------------------------
                                           2019               2018               2019              2018
                                     -----------------  ----------------   ----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $             540  $          (296)   $      (829,985)  $      (397,449)
   Net realized gains (losses).....              6,181             4,819         40,147,827        37,327,295
   Change in unrealized gains
     (losses) on investments.......              4,696          (12,421)         25,946,498      (73,719,904)
                                     -----------------  ----------------   ----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............             11,417           (7,898)         65,264,340      (36,790,058)
                                     -----------------  ----------------   ----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........                 --                --          3,080,059         3,590,374
   Net transfers (including fixed
     account)......................                146            15,815        (4,932,382)         9,912,669
   Contract charges................                (3)               (1)        (1,027,087)       (1,070,883)
   Transfers for Contract benefits
     and terminations..............            (3,277)           (6,287)       (27,439,373)      (32,226,019)
                                     -----------------  ----------------   ----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......            (3,134)             9,527       (30,318,783)      (19,793,859)
                                     -----------------  ----------------   ----------------  ----------------
     Net increase (decrease)
        in net assets..............              8,283             1,629         34,945,557      (56,583,917)
NET ASSETS:
   Beginning of year...............             49,587            47,958        226,269,164       282,853,081
                                     -----------------  ----------------   ----------------  ----------------
   End of year.....................  $          57,870  $         49,587   $    261,214,721  $    226,269,164
                                     =================  ================   ================  ================


                                                     BHFTI
                                           INVESCO SMALL CAP GROWTH
                                                   DIVISION
                                     ------------------------------------
                                            2019               2018
                                     -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       (640,903)  $       (724,664)
   Net realized gains (losses).....          7,293,224          7,786,050
   Change in unrealized gains
     (losses) on investments.......          3,700,553       (12,142,503)
                                     -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         10,352,874        (5,081,117)
                                     -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........            774,674            855,023
   Net transfers (including fixed
     account)......................          (567,462)          2,697,918
   Contract charges................          (193,396)          (206,035)
   Transfers for Contract benefits
     and terminations..............        (6,415,557)        (7,637,544)
                                     -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......        (6,401,741)        (4,290,638)
                                     -----------------  -----------------
     Net increase (decrease)
        in net assets..............          3,951,133        (9,371,755)
NET ASSETS:
   Beginning of year...............         47,102,731         56,474,486
                                     -----------------  -----------------
   End of year.....................  $      51,053,864  $      47,102,731
                                     =================  =================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-54



 The accompanying notes are an integral part of these financial statements.


                                    E-55



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                                                                    BHFTI JPMORGAN
                                          BHFTI JPMORGAN CORE BOND             GLOBAL ACTIVE ALLOCATION
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                            2019              2018              2019              2018
                                     -----------------  ----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       2,515,383  $      1,261,414  $     12,072,983  $       3,166,220
   Net realized gains (losses).....          (286,718)         (836,959)         4,858,766         50,412,181
   Change in unrealized gains
     (losses) on investments.......          3,014,432       (1,837,782)        98,744,637      (126,399,614)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............          5,243,097       (1,413,327)       115,676,386       (72,821,213)
                                     -----------------  ----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........            220,665           203,450           207,898            364,010
   Net transfers (including fixed
     account)......................          2,574,123         1,448,618      (11,791,822)         78,754,749
   Contract charges................          (694,814)         (787,600)      (11,346,377)       (11,841,397)
   Transfers for Contract benefits
     and terminations..............       (14,315,743)      (13,801,682)      (77,253,420)       (67,929,776)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (12,215,769)      (12,937,214)     (100,183,721)          (652,414)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............        (6,972,672)      (14,350,541)        15,492,665       (73,473,627)
NET ASSETS:
   Beginning of year...............         81,327,656        95,678,197       788,207,295        861,680,922
                                     -----------------  ----------------  ----------------  -----------------
   End of year.....................  $      74,354,984  $     81,327,656  $    803,699,960  $     788,207,295
                                     =================  ================  ================  =================


                                                    BHFTI                         BHFTI LOOMIS SAYLES
                                          JPMORGAN SMALL CAP VALUE                 GLOBAL ALLOCATION
                                                  DIVISION                             DIVISION
                                     -----------------------------------  ----------------------------------
                                           2019               2018              2019              2018
                                     ----------------  -----------------  ----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       (32,715)  $        (43,852)  $        236,754  $        679,701
   Net realized gains (losses).....         1,866,529          2,019,712        12,574,697        12,901,984
   Change in unrealized gains
     (losses) on investments.......         1,229,221        (4,894,564)        11,124,691      (20,116,179)
                                     ----------------  -----------------  ----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         3,063,035        (2,918,704)        23,936,142       (6,534,494)
                                     ----------------  -----------------  ----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........            41,392             46,729         1,005,131           999,559
   Net transfers (including fixed
     account)......................           926,712          (768,700)       (1,854,222)       (3,131,031)
   Contract charges................         (145,568)          (174,137)         (718,693)         (810,469)
   Transfers for Contract benefits
     and terminations..............       (2,591,872)        (3,170,905)      (13,454,986)      (16,759,623)
                                     ----------------  -----------------  ----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (1,769,336)        (4,067,013)      (15,022,770)      (19,701,564)
                                     ----------------  -----------------  ----------------  ----------------
     Net increase (decrease)
        in net assets..............         1,293,699        (6,985,717)         8,913,372      (26,236,058)
NET ASSETS:
   Beginning of year...............        17,643,222         24,628,939        98,196,428       124,432,486
                                     ----------------  -----------------  ----------------  ----------------
   End of year.....................  $     18,936,921  $      17,643,222  $    107,109,800  $     98,196,428
                                     ================  =================  ================  ================


                                                    BHFTI                            BHFTI METLIFE
                                            LOOMIS SAYLES GROWTH               MULTI-INDEX TARGETED RISK
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                           2019               2018               2019              2018
                                     -----------------  ----------------  -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $     (1,897,056)  $    (3,546,256)  $       7,830,063  $      4,538,576
   Net realized gains (losses).....         78,617,917        58,380,091          7,415,422        64,176,779
   Change in unrealized gains
     (losses) on investments.......         15,869,923      (89,558,096)        143,288,748     (145,430,446)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         92,590,784      (34,724,261)        158,534,233      (76,715,091)
                                     -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          5,976,940         7,211,782            446,277           748,523
   Net transfers (including fixed
     account)......................       (13,010,605)      (26,737,375)        (1,276,939)        20,489,469
   Contract charges................        (2,861,151)       (3,288,938)       (12,111,379)      (12,407,270)
   Transfers for Contract benefits
     and terminations..............       (60,285,423)      (73,417,981)       (81,418,407)      (77,781,554)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (70,180,239)      (96,232,512)       (94,360,448)      (68,950,832)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets..............         22,410,545     (130,956,773)         64,173,785     (145,665,923)
NET ASSETS:
   Beginning of year...............        444,649,592       575,606,365        820,528,591       966,194,514
                                     -----------------  ----------------  -----------------  ----------------
   End of year.....................  $     467,060,137  $    444,649,592  $     884,702,376  $    820,528,591
                                     =================  ================  =================  ================


                                                    BHFTI
                                        MFS(R) RESEARCH INTERNATIONAL
                                                  DIVISION
                                     -----------------------------------
                                           2019              2018
                                     ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $        318,965  $       1,464,679
   Net realized gains (losses).....         9,418,963          2,813,023
   Change in unrealized gains
     (losses) on investments.......        29,093,941       (31,784,610)
                                     ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        38,831,869       (27,506,908)
                                     ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........         2,227,473          2,701,008
   Net transfers (including fixed
     account)......................       (4,713,814)            736,469
   Contract charges................         (814,004)          (895,648)
   Transfers for Contract benefits
     and terminations..............      (21,104,066)       (23,354,398)
                                     ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......      (24,404,411)       (20,812,569)
                                     ----------------  -----------------
     Net increase (decrease)
        in net assets..............        14,427,458       (48,319,477)
NET ASSETS:
   Beginning of year...............       153,947,912        202,267,389
                                     ----------------  -----------------
   End of year.....................  $    168,375,370  $     153,947,912
                                     ================  =================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-56



 The accompanying notes are an integral part of these financial statements.


                                    E-57



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                           BHFTI MORGAN STANLEY                   BHFTI PANAGORA
                                                 DISCOVERY                    GLOBAL DIVERSIFIED RISK
                                                 DIVISION                            DIVISION
                                    ----------------------------------  -----------------------------------
                                          2019              2018               2019              2018
                                    ----------------  ----------------  -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $    (5,193,811)  $    (4,648,338)  $       1,607,188  $    (1,077,891)
   Net realized gains (losses)....       101,980,573        93,364,240            600,969         6,528,858
   Change in unrealized gains
     (losses) on investments......        33,077,464      (56,133,261)         12,276,179      (13,167,717)
                                    ----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations...........       129,864,226        32,582,641         14,484,336       (7,716,750)
                                    ----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners.........         6,142,870         5,677,315             47,910            65,784
   Net transfers (including fixed
     account).....................       (8,899,013)         1,298,690          6,157,129       (8,040,968)
   Contract charges...............         (516,964)         (481,430)        (1,162,001)       (1,179,387)
   Transfers for Contract benefits
     and terminations.............      (42,848,305)      (38,693,482)        (7,680,578)       (6,075,186)
                                    ----------------  ----------------  -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.....      (46,121,412)      (32,198,907)        (2,637,540)      (15,229,757)
                                    ----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets.............        83,742,814           383,734         11,846,796      (22,946,507)
NET ASSETS:
   Beginning of year..............       340,007,433       339,623,699         72,446,308        95,392,815
                                    ----------------  ----------------  -----------------  ----------------
   End of year....................  $    423,750,247  $    340,007,433  $      84,293,104  $     72,446,308
                                    ================  ================  =================  ================


                                                BHFTI PIMCO
                                         INFLATION PROTECTED BOND            BHFTI PIMCO TOTAL RETURN
                                                 DIVISION                            DIVISION
                                    -----------------------------------  ----------------------------------
                                          2019              2018               2019              2018
                                    ----------------  -----------------  ----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $      7,316,624  $       1,329,280  $     12,391,429  $      1,045,105
   Net realized gains (losses)....       (6,024,723)        (9,388,897)       (1,279,381)       (8,796,586)
   Change in unrealized gains
     (losses) on investments......        21,800,541        (6,574,439)        40,752,158       (6,466,381)
                                    ----------------  -----------------  ----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations...........        23,092,442       (14,634,056)        51,864,206      (14,217,862)
                                    ----------------  -----------------  ----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners.........         2,370,863          2,930,108         6,189,828         7,191,752
   Net transfers (including fixed
     account).....................         3,892,040        (3,556,735)        13,159,485       (9,430,049)
   Contract charges...............       (2,849,692)        (3,260,729)       (5,359,326)       (6,079,401)
   Transfers for Contract benefits
     and terminations.............      (48,426,223)       (58,283,108)     (108,372,981)     (127,865,736)
                                    ----------------  -----------------  ----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.....      (45,013,012)       (62,170,464)      (94,382,994)     (136,183,434)
                                    ----------------  -----------------  ----------------  ----------------
     Net increase (decrease)
        in net assets.............      (21,920,570)       (76,804,520)      (42,518,788)     (150,401,296)
NET ASSETS:
   Beginning of year..............       349,179,155        425,983,675       757,914,158       908,315,454
                                    ----------------  -----------------  ----------------  ----------------
   End of year....................  $    327,258,585  $     349,179,155  $    715,395,370  $    757,914,158
                                    ================  =================  ================  ================


                                                   BHFTI                             BHFTI SSGA
                                       SCHRODERS GLOBAL MULTI-ASSET             GROWTH AND INCOME ETF
                                                 DIVISION                             DIVISION
                                    -----------------------------------  -----------------------------------
                                          2019               2018              2019              2018
                                    -----------------  ----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $       1,846,847  $      3,158,669  $      7,544,782  $       8,594,688
   Net realized gains (losses)....          5,491,382        45,904,038        40,500,192         47,430,407
   Change in unrealized gains
     (losses) on investments......        138,174,665     (128,644,774)        67,284,467      (113,441,953)
                                    -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations...........        145,512,894      (79,582,067)       115,329,441       (57,416,858)
                                    -----------------  ----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners.........            225,416           355,391         2,610,417          3,284,546
   Net transfers (including fixed
     account).....................       (23,182,197)       359,318,742      (12,230,355)       (10,646,177)
   Contract charges...............       (11,186,763)      (10,798,092)       (7,759,945)        (8,629,191)
   Transfers for Contract benefits
     and terminations.............       (76,856,105)      (65,103,706)      (97,729,510)      (116,127,748)
                                    -----------------  ----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.....      (110,999,649)       283,772,335     (115,109,393)      (132,118,570)
                                    -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets.............         34,513,245       204,190,268           220,048      (189,535,428)
NET ASSETS:
   Beginning of year..............        768,330,201       564,139,933       680,006,923        869,542,351
                                    -----------------  ----------------  ----------------  -----------------
   End of year....................  $     802,843,446  $    768,330,201  $    680,226,971  $     680,006,923
                                    =================  ================  ================  =================



                                          BHFTI SSGA GROWTH ETF
                                                DIVISION
                                    ----------------------------------
                                          2019              2018
                                    ----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $        986,073  $      1,138,911
   Net realized gains (losses)....         9,305,911        10,516,159
   Change in unrealized gains
     (losses) on investments......        15,190,143      (25,633,736)
                                    ----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations...........        25,482,127      (13,978,666)
                                    ----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners.........         2,038,398         2,093,140
   Net transfers (including fixed
     account).....................       (2,541,321)       (1,389,726)
   Contract charges...............       (1,011,665)       (1,020,064)
   Transfers for Contract benefits
     and terminations.............      (13,076,107)      (15,329,840)
                                    ----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.....      (14,590,695)      (15,646,490)
                                    ----------------  ----------------
     Net increase (decrease)
        in net assets.............        10,891,432      (29,625,156)
NET ASSETS:
   Beginning of year..............       127,430,864       157,056,020
                                    ----------------  ----------------
   End of year....................  $    138,322,296  $    127,430,864
                                    ================  ================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-58



 The accompanying notes are an integral part of these financial statements.


                                    E-59



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                                    BHFTI                                BHFTI
                                        T. ROWE PRICE LARGE CAP VALUE        T. ROWE PRICE MID CAP GROWTH
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                           2019               2018               2019              2018
                                     -----------------  ----------------  -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $           4,151  $          3,293  $     (5,560,003)  $    (6,260,037)
   Net realized gains (losses).....             52,011            47,960         86,982,240        79,489,812
   Change in unrealized gains
     (losses) on investments.......             56,272          (98,805)         39,892,914      (85,021,781)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............            112,434          (47,552)        121,315,151      (11,792,006)
                                     -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........              2,873             5,371          7,135,506         7,979,505
   Net transfers (including fixed
     account)......................            215,404         (116,206)       (17,032,434)      (10,448,692)
   Contract charges................               (46)              (56)        (2,079,281)       (2,211,372)
   Transfers for Contract benefits
     and terminations..............           (13,941)          (11,057)       (54,904,806)      (59,595,016)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......            204,290         (121,948)       (66,881,015)      (64,275,575)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets..............            316,724         (169,500)         54,434,136      (76,067,581)
NET ASSETS:
   Beginning of year...............            409,218           578,718        430,092,959       506,160,540
                                     -----------------  ----------------  -----------------  ----------------
   End of year.....................  $         725,942  $        409,218  $     484,527,095  $    430,092,959
                                     =================  ================  =================  ================


                                                                                          BHFTI
                                         BHFTI TCW CORE FIXED INCOME         VICTORY SYCAMORE MID CAP VALUE
                                                  DIVISION                              DIVISION
                                     ------------------------------------  -----------------------------------
                                            2019              2018               2019              2018
                                      ----------------  -----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....   $          4,688  $           2,606  $      (305,954)  $     (2,461,988)
   Net realized gains (losses).....              (523)              (511)        11,978,822         74,803,735
   Change in unrealized gains
     (losses) on investments.......             12,867            (5,232)        73,696,007      (112,705,634)
                                      ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............             17,032            (3,137)        85,368,875       (40,363,887)
                                      ----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........                 --                 --         3,732,581          4,599,317
   Net transfers (including fixed
     account)......................            136,113                 --       (9,292,023)        (8,334,121)
   Contract charges................                (2)                (2)       (1,274,070)        (1,432,482)
   Transfers for Contract benefits
     and terminations..............          (150,865)           (14,027)      (43,941,710)       (52,061,753)
                                      ----------------  -----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......           (14,754)           (14,029)      (50,775,222)       (57,229,039)
                                      ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............              2,278           (17,166)        34,593,653       (97,592,926)
NET ASSETS:
   Beginning of year...............            238,242            255,408       327,214,056        424,806,982
                                      ----------------  -----------------  ----------------  -----------------
   End of year.....................   $        240,520  $         238,242  $    361,807,709  $     327,214,056
                                      ================  =================  ================  =================


                                             BHFTI WELLS CAPITAL                  BHFTI WESTERN ASSET
                                          MANAGEMENT MID CAP VALUE           MANAGEMENT GOVERNMENT INCOME
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                           2019               2018              2019               2018
                                     ----------------  -----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $        (2,193)  $         (1,136)  $      5,722,869  $       6,365,880
   Net realized gains (losses).....            10,018             28,159       (1,086,935)        (3,867,446)
   Change in unrealized gains
     (losses) on investments.......            88,754           (76,605)        18,826,412        (9,374,429)
                                     ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............            96,579           (49,582)        23,462,346        (6,875,995)
                                     ----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........                --                 --           358,224            315,071
   Net transfers (including fixed
     account)......................           (8,603)              4,585        30,093,768        (1,378,118)
   Contract charges................               (9)                (8)       (6,279,415)        (6,519,654)
   Transfers for Contract benefits
     and terminations..............           (8,522)            (7,985)      (68,059,841)       (47,354,212)
                                     ----------------  -----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......          (17,134)            (3,408)      (43,887,264)       (54,936,913)
                                     ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............            79,445           (52,990)      (20,424,918)       (61,812,908)
NET ASSETS:
   Beginning of year...............           289,513            342,503       396,922,182        458,735,090
                                     ----------------  -----------------  ----------------  -----------------
   End of year.....................  $        368,958  $         289,513  $    376,497,264  $     396,922,182
                                     ================  =================  ================  =================


                                                   BHFTII
                                     BAILLIE GIFFORD INTERNATIONAL STOCK
                                                  DIVISION
                                     -----------------------------------
                                           2019              2018
                                     ----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       (24,199)  $      (247,878)
   Net realized gains (losses).....         8,966,511         2,678,723
   Change in unrealized gains
     (losses) on investments.......        22,444,859      (26,191,316)
                                     ----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        31,387,171      (23,760,471)
                                     ----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........         1,040,810         1,438,230
   Net transfers (including fixed
     account)......................       (2,480,958)         3,655,824
   Contract charges................         (348,931)         (367,032)
   Transfers for Contract benefits
     and terminations..............      (12,641,120)      (14,197,616)
                                     ----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......      (14,430,199)       (9,470,594)
                                     ----------------  ----------------
     Net increase (decrease)
        in net assets..............        16,956,972      (33,231,065)
NET ASSETS:
   Beginning of year...............       106,646,276       139,877,341
                                     ----------------  ----------------
   End of year.....................  $    123,603,248  $    106,646,276
                                     ================  ================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-60



 The accompanying notes are an integral part of these financial statements.


                                    E-61



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                                     BHFTII                                BHFTII
                                              BLACKROCK BOND INCOME            BLACKROCK CAPITAL APPRECIATION
                                                    DIVISION                              DIVISION
                                      ------------------------------------  ------------------------------------
                                             2019               2018               2019               2018
                                      -----------------  -----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss).....  $       9,155,045  $       8,430,040  $     (2,366,185)  $     (2,471,487)
   Net realized gains (losses)......          (715,232)        (3,300,348)         40,823,183         38,888,058
   Change in unrealized gains
     (losses) on investments........         22,564,409       (13,666,818)         11,816,940       (32,921,031)
                                      -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations.............         31,004,222        (8,537,126)         50,273,938          3,495,540
                                      -----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners...........          3,149,187          3,664,688          2,183,565          2,155,757
   Net transfers (including fixed
     account).......................         11,907,260            102,605        (4,113,483)          3,832,325
   Contract charges.................        (2,032,761)        (2,240,327)          (996,715)        (1,025,484)
   Transfers for Contract benefits
     and terminations...............       (50,890,243)       (56,707,349)       (24,993,256)       (26,069,535)
                                      -----------------  -----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.......       (37,866,557)       (55,180,383)       (27,919,889)       (21,106,937)
                                      -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets...............        (6,862,335)       (63,717,509)         22,354,049       (17,611,397)
NET ASSETS:
   Beginning of year................        391,693,026        455,410,535        170,334,155        187,945,552
                                      -----------------  -----------------  -----------------  -----------------
   End of year......................  $     384,830,691  $     391,693,026  $     192,688,204  $     170,334,155
                                      =================  =================  =================  =================


                                                     BHFTII                                BHFTII
                                         BLACKROCK ULTRA-SHORT TERM BOND       BRIGHTHOUSE ASSET ALLOCATION 20
                                                    DIVISION                              DIVISION
                                      ------------------------------------  ------------------------------------
                                             2019               2018               2019               2018
                                      -----------------  -----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss).....  $         143,958  $       (278,093)  $       3,007,685  $       3,366,791
   Net realized gains (losses)......            212,191            168,644          5,325,712          2,797,570
   Change in unrealized gains
     (losses) on investments........           (66,778)            241,176         24,533,395       (20,365,598)
                                      -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations.............            289,371            131,727         32,866,792       (14,201,237)
                                      -----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners...........            615,540            131,922          2,632,662          2,757,238
   Net transfers (including fixed
     account).......................          9,792,612          9,861,911          7,348,281        (5,843,803)
   Contract charges.................          (463,649)          (469,633)        (2,607,707)        (2,850,031)
   Transfers for Contract benefits
     and terminations...............       (15,615,135)       (15,709,056)       (54,200,802)       (53,035,334)
                                      -----------------  -----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.......        (5,670,632)        (6,184,856)       (46,827,566)       (58,971,930)
                                      -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets...............        (5,381,261)        (6,053,129)       (13,960,774)       (73,173,167)
NET ASSETS:
   Beginning of year................         50,362,897         56,416,026        335,855,273        409,028,440
                                      -----------------  -----------------  -----------------  -----------------
   End of year......................  $      44,981,636  $      50,362,897  $     321,894,499  $     335,855,273
                                      =================  =================  =================  =================


                                                     BHFTII                                BHFTII
                                         BRIGHTHOUSE ASSET ALLOCATION 40       BRIGHTHOUSE ASSET ALLOCATION 60
                                                    DIVISION                              DIVISION
                                      ------------------------------------  -----------------------------------
                                             2019               2018               2019              2018
                                      -----------------  -----------------  -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss).....  $       8,582,710  $       7,805,656  $      22,830,820  $     14,368,620
   Net realized gains (losses)......         49,800,145         39,529,437        288,576,106       200,682,587
   Change in unrealized gains
     (losses) on investments........         65,082,764      (104,154,220)        217,905,244     (462,497,546)
                                      -----------------  -----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations.............        123,465,619       (56,819,127)        529,312,170     (247,446,339)
                                      -----------------  -----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners...........          7,049,050          7,368,658         30,549,308        36,739,673
   Net transfers (including fixed
     account).......................        (8,404,807)       (19,336,067)       (49,443,622)      (36,898,271)
   Contract charges.................        (7,650,574)        (8,489,757)       (28,714,056)      (31,832,894)
   Transfers for Contract benefits
     and terminations...............      (131,384,552)      (152,736,750)      (447,158,718)     (518,094,167)
                                      -----------------  -----------------  -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.......      (140,390,883)      (173,193,916)      (494,767,088)     (550,085,659)
                                      -----------------  -----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets...............       (16,925,264)      (230,013,043)         34,545,082     (797,531,998)
NET ASSETS:
   Beginning of year................        925,660,947      1,155,673,990      3,131,421,270     3,928,953,268
                                      -----------------  -----------------  -----------------  ----------------
   End of year......................  $     908,735,683  $     925,660,947  $   3,165,966,352  $  3,131,421,270
                                      =================  =================  =================  ================


                                                     BHFTII
                                         BRIGHTHOUSE ASSET ALLOCATION 80
                                                    DIVISION
                                      -----------------------------------
                                             2019              2018
                                      -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss).....  $       8,601,170  $      1,400,648
   Net realized gains (losses)......        187,227,492       125,979,857
   Change in unrealized gains
     (losses) on investments........        129,654,338     (282,546,629)
                                      -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations.............        325,483,000     (155,166,124)
                                      -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners...........         28,013,944        32,023,975
   Net transfers (including fixed
     account).......................       (27,752,718)      (28,161,480)
   Contract charges.................       (11,238,395)      (12,178,913)
   Transfers for Contract benefits
     and terminations...............      (177,932,532)     (236,287,529)
                                      -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.......      (188,909,701)     (244,603,947)
                                      -----------------  ----------------
     Net increase (decrease)
        in net assets...............        136,573,299     (399,770,071)
NET ASSETS:
   Beginning of year................      1,533,821,665     1,933,591,736
                                      -----------------  ----------------
   End of year......................  $   1,670,394,964  $  1,533,821,665
                                      =================  ================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-62



 The accompanying notes are an integral part of these financial statements.


                                    E-63



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                                   BHFTII                    BHFTII BRIGHTHOUSE/DIMENSIONAL
                                      BRIGHTHOUSE/ARTISAN MID CAP VALUE        INTERNATIONAL SMALL COMPANY
                                                  DIVISION                              DIVISION
                                     -----------------------------------  ------------------------------------
                                           2019               2018               2019              2018
                                     ----------------  -----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $    (1,172,747)  $     (1,623,259)  $        (18,271)  $         110,750
   Net realized gains (losses).....        22,815,991         15,566,477            423,121            642,470
   Change in unrealized gains
     (losses) on investments.......        14,827,912       (42,659,193)          1,067,987        (2,740,019)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        36,471,156       (28,715,975)          1,472,837        (1,986,799)
                                     ----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........         2,327,881          2,656,137             22,400             45,448
   Net transfers (including fixed
     account)......................       (2,713,532)        (2,200,517)          (203,256)            832,258
   Contract charges................         (516,750)          (569,278)           (46,470)           (51,653)
   Transfers for Contract benefits
     and terminations..............      (21,091,330)       (26,110,139)          (791,499)        (1,149,785)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......      (21,993,731)       (26,223,797)        (1,018,825)          (323,732)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............        14,477,425       (54,939,772)            454,012        (2,310,531)
NET ASSETS:
   Beginning of year...............       171,734,105        226,673,877          7,285,386          9,595,917
                                     ----------------  -----------------  -----------------  -----------------
   End of year.....................  $    186,211,530  $     171,734,105  $       7,739,398  $       7,285,386
                                     ================  =================  =================  =================


                                                   BHFTII                     BHFTII BRIGHTHOUSE/WELLINGTON
                                       BRIGHTHOUSE/WELLINGTON BALANCED          CORE EQUITY OPPORTUNITIES
                                                  DIVISION                              DIVISION
                                     -----------------------------------  ------------------------------------
                                           2019               2018               2019               2018
                                     -----------------  ----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       5,150,865  $      2,720,306  $         999,695  $       1,741,996
   Net realized gains (losses).....         39,992,173        52,707,069         52,568,075         37,148,328
   Change in unrealized gains
     (losses) on investments.......         62,262,103      (82,402,849)         75,569,821       (43,246,876)
                                     -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        107,405,141      (26,975,474)        129,137,591        (4,356,552)
                                     -----------------  ----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          4,442,449         5,264,212          4,827,594          5,603,941
   Net transfers (including fixed
     account)......................          (897,432)       (3,101,512)       (16,447,091)       (26,814,117)
   Contract charges................          (270,272)         (283,597)        (2,366,209)        (2,598,546)
   Transfers for Contract benefits
     and terminations..............       (57,719,232)      (63,305,703)       (65,986,619)       (71,109,914)
                                     -----------------  ----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (54,444,487)      (61,426,600)       (79,972,325)       (94,918,636)
                                     -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............         52,960,654      (88,402,074)         49,165,266       (99,275,188)
NET ASSETS:
   Beginning of year...............        521,756,898       610,158,972        471,467,558        570,742,746
                                     -----------------  ----------------  -----------------  -----------------
   End of year.....................  $     574,717,552  $    521,756,898  $     520,632,824  $     471,467,558
                                     =================  ================  =================  =================



                                       BHFTII FRONTIER MID CAP GROWTH            BHFTII JENNISON GROWTH
                                                  DIVISION                              DIVISION
                                     ------------------------------------  -----------------------------------
                                           2019               2018               2019               2018
                                     -----------------  -----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $     (5,934,746)  $     (6,126,797)  $    (2,048,915)  $     (2,326,922)
   Net realized gains (losses).....         77,351,237         72,756,532        34,705,962         39,885,739
   Change in unrealized gains
     (losses) on investments.......         56,953,993       (95,558,241)        21,893,810       (38,210,053)
                                     -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        128,370,484       (28,928,506)        54,550,857          (651,236)
                                     -----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          2,828,849          3,645,626         2,836,570          2,762,584
   Net transfers (including fixed
     account)......................        (8,455,328)        (9,513,715)       (3,584,762)          9,029,320
   Contract charges................          (519,246)          (579,336)       (1,061,905)        (1,090,263)
   Transfers for Contract benefits
     and terminations..............       (50,445,538)       (50,297,421)      (26,788,190)       (27,795,485)
                                     -----------------  -----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (56,591,263)       (56,744,846)      (28,598,287)       (17,093,844)
                                     -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............         71,779,221       (85,673,352)        25,952,570       (17,745,080)
NET ASSETS:
   Beginning of year...............        422,776,437        508,449,789       185,385,848        203,130,928
                                     -----------------  -----------------  ----------------  -----------------
   End of year.....................  $     494,555,658  $     422,776,437  $    211,338,418  $     185,385,848
                                     =================  =================  ================  =================


                                                   BHFTII
                                        LOOMIS SAYLES SMALL CAP CORE
                                                  DIVISION
                                     ------------------------------------
                                            2019              2018
                                     -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $     (1,941,088)  $     (2,207,264)
   Net realized gains (losses).....         17,821,439         23,029,133
   Change in unrealized gains
     (losses) on investments.......         17,213,486       (40,023,872)
                                     -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         33,093,837       (19,202,003)
                                     -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          1,723,070          2,205,845
   Net transfers (including fixed
     account)......................        (3,265,419)        (3,382,877)
   Contract charges................          (625,706)          (696,424)
   Transfers for Contract benefits
     and terminations..............       (17,604,831)       (20,192,372)
                                     -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (19,772,886)       (22,065,828)
                                     -----------------  -----------------
     Net increase (decrease)
        in net assets..............         13,320,951       (41,267,831)
NET ASSETS:
   Beginning of year...............        144,075,649        185,343,480
                                     -----------------  -----------------
   End of year.....................  $     157,396,600  $     144,075,649
                                     =================  =================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-64



 The accompanying notes are an integral part of these financial statements.


                                    E-65



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                                   BHFTII                               BHFTII
                                       LOOMIS SAYLES SMALL CAP GROWTH        METLIFE AGGREGATE BOND INDEX
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                           2019               2018               2019              2018
                                     -----------------  ----------------  -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       (725,106)  $      (747,566)  $      17,115,682  $     16,828,943
   Net realized gains (losses).....         10,664,929        10,060,462        (1,121,173)       (7,777,871)
   Change in unrealized gains
     (losses) on investments.......          3,049,705      (10,074,579)         50,141,578      (29,059,862)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         12,989,528         (761,683)         66,136,087      (20,008,790)
                                     -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          1,238,124         1,137,141         12,914,091        14,691,224
   Net transfers (including fixed
     account)......................        (4,816,218)         6,237,168         33,868,624         (894,001)
   Contract charges................          (137,048)         (140,406)        (5,763,673)       (6,212,134)
   Transfers for Contract benefits
     and terminations..............        (6,136,513)       (6,836,531)      (129,119,645)     (140,143,494)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......        (9,851,655)           397,372       (88,100,603)     (132,558,405)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets..............          3,137,873         (364,311)       (21,964,516)     (152,567,195)
NET ASSETS:
   Beginning of year...............         54,202,419        54,566,730        974,062,147     1,126,629,342
                                     -----------------  ----------------  -----------------  ----------------
   End of year.....................  $      57,340,292  $     54,202,419  $     952,097,631  $    974,062,147
                                     =================  ================  =================  ================


                                                   BHFTII                               BHFTII
                                         METLIFE MID CAP STOCK INDEX          METLIFE MSCI EAFE(R) INDEX
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                            2019              2018               2019              2018
                                     -----------------  ----------------  -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       (136,167)  $      (861,710)  $       5,840,232  $      7,705,744
   Net realized gains (losses).....         58,682,932        65,922,158          9,402,473         7,834,520
   Change in unrealized gains
     (losses) on investments.......         46,963,956     (127,738,599)         67,122,990      (91,215,920)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        105,510,721      (62,678,151)         82,365,695      (75,675,656)
                                     -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          8,435,838        10,396,487          8,595,719        10,122,934
   Net transfers (including fixed
     account)......................        (9,101,418)       (5,711,041)        (3,208,128)        25,633,067
   Contract charges................        (1,767,289)       (1,934,011)        (1,882,376)       (2,016,659)
   Transfers for Contract benefits
     and terminations..............       (56,011,975)      (66,449,981)       (50,014,039)      (57,988,176)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (58,444,844)      (63,698,546)       (46,508,824)      (24,248,834)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets..............         47,065,877     (126,376,697)         35,856,871      (99,924,490)
NET ASSETS:
   Beginning of year...............        453,810,251       580,186,948        424,811,670       524,736,160
                                     -----------------  ----------------  -----------------  ----------------
   End of year.....................  $     500,876,128  $    453,810,251  $     460,668,541  $    424,811,670
                                     =================  ================  =================  ================


                                                   BHFTII
                                        METLIFE RUSSELL 2000(R) INDEX          BHFTII METLIFE STOCK INDEX
                                                  DIVISION                              DIVISION
                                     ------------------------------------  -----------------------------------
                                            2019              2018               2019              2018
                                      ----------------  -----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....   $      (652,985)  $       (975,720)  $     23,865,465  $      14,365,704
   Net realized gains (losses).....         40,157,546         42,159,763       360,303,625        335,365,461
   Change in unrealized gains
     (losses) on investments.......         29,107,534       (79,691,483)       362,005,319      (502,073,849)
                                      ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         68,612,095       (38,507,440)       746,174,409      (152,342,684)
                                      ----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          6,008,560          6,852,241        34,822,360         39,382,302
   Net transfers (including fixed
     account)......................        (5,242,046)        (1,203,662)      (85,323,679)       (50,319,982)
   Contract charges................          (924,789)        (1,010,682)       (6,740,639)        (7,187,199)
   Transfers for Contract benefits
     and terminations..............       (35,159,265)       (42,522,989)     (321,195,823)      (350,940,199)
                                      ----------------  -----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (35,317,540)       (37,885,092)     (378,437,781)      (369,065,078)
                                      ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............         33,294,555       (76,392,532)       367,736,628      (521,407,762)
NET ASSETS:
   Beginning of year...............        297,512,830        373,905,362     2,669,705,723      3,191,113,485
                                      ----------------  -----------------  ----------------  -----------------
   End of year.....................   $    330,807,385  $     297,512,830  $  3,037,442,351  $   2,669,705,723
                                      ================  =================  ================  =================



                                         BHFTII MFS(R) TOTAL RETURN
                                                  DIVISION
                                     -----------------------------------
                                           2019               2018
                                     ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $      1,261,872  $       1,275,700
   Net realized gains (losses).....         6,661,877         10,937,573
   Change in unrealized gains
     (losses) on investments.......        12,979,256       (21,195,730)
                                     ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        20,903,005        (8,982,457)
                                     ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........         1,832,449          1,643,789
   Net transfers (including fixed
     account)......................       (1,161,310)        (3,417,899)
   Contract charges................         (387,431)          (432,906)
   Transfers for Contract benefits
     and terminations..............      (14,940,451)       (16,392,302)
                                     ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......      (14,656,743)       (18,599,318)
                                     ----------------  -----------------
     Net increase (decrease)
        in net assets..............         6,246,262       (27,581,775)
NET ASSETS:
   Beginning of year...............       117,516,215        145,097,990
                                     ----------------  -----------------
   End of year.....................  $    123,762,477  $     117,516,215
                                     ================  =================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-66



 The accompanying notes are an integral part of these financial statements.


                                    E-67



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018





                                             BHFTII MFS(R) VALUE            BHFTII NEUBERGER BERMAN GENESIS
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                            2019              2018              2019              2018
                                     -----------------  ----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       3,197,436  $      1,321,198  $    (3,220,414)  $     (3,137,215)
   Net realized gains (losses).....         44,735,533        49,279,328        47,243,379         49,898,253
   Change in unrealized gains
     (losses) on investments.......        111,976,103     (119,754,398)        24,540,804       (67,400,301)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............        159,909,072      (69,153,872)        68,563,769       (20,639,263)
                                     -----------------  ----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          7,843,428         7,489,984         3,170,581          3,592,563
   Net transfers (including fixed
     account)......................       (18,657,920)       219,806,311       (6,013,785)        (5,131,524)
   Contract charges................        (2,795,296)       (2,654,248)         (593,470)          (647,558)
   Transfers for Contract benefits
     and terminations..............       (78,948,030)      (81,035,818)      (32,896,043)       (35,791,575)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (92,557,818)       143,606,229      (36,332,717)       (37,978,094)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............         67,351,254        74,452,357        32,231,052       (58,617,357)
NET ASSETS:
   Beginning of year...............        598,234,094       523,781,737       255,498,599        314,115,956
                                     -----------------  ----------------  ----------------  -----------------
   End of year.....................  $     665,585,348  $    598,234,094  $    287,729,651  $     255,498,599
                                     =================  ================  ================  =================


                                                   BHFTII                               BHFTII
                                       T. ROWE PRICE LARGE CAP GROWTH       T. ROWE PRICE SMALL CAP GROWTH
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                           2019              2018               2019               2018
                                     ----------------  -----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $    (5,947,701)  $     (6,101,001)  $    (5,318,978)  $     (5,517,602)
   Net realized gains (losses).....       100,018,050        130,647,456        74,356,419         57,618,276
   Change in unrealized gains
     (losses) on investments.......        57,457,041      (133,824,761)        48,190,740       (82,396,321)
                                     ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............       151,527,390        (9,278,306)       117,228,181       (30,295,647)
                                     ----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........        10,658,733         11,138,742         7,175,857          7,435,971
   Net transfers (including fixed
     account)......................       (7,114,717)            229,573      (10,730,133)        (3,649,914)
   Contract charges................       (1,983,864)        (1,965,384)       (1,152,953)        (1,208,814)
   Transfers for Contract benefits
     and terminations..............      (63,080,131)       (70,403,522)      (45,286,632)       (50,903,991)
                                     ----------------  -----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......      (61,519,979)       (61,000,591)      (49,993,861)       (48,326,748)
                                     ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............        90,007,411       (70,278,897)        67,234,320       (78,622,395)
NET ASSETS:
   Beginning of year...............       539,361,977        609,640,874       388,577,931        467,200,326
                                     ----------------  -----------------  ----------------  -----------------
   End of year.....................  $    629,369,388  $     539,361,977  $    455,812,251  $     388,577,931
                                     ================  =================  ================  =================


                                                   BHFTII                  BHFTII WESTERN ASSET MANAGEMENT
                                      VAN ECK GLOBAL NATURAL RESOURCES      STRATEGIC BOND OPPORTUNITIES
                                                  DIVISION                            DIVISION
                                     ----------------------------------  -----------------------------------
                                           2019              2018              2019               2018
                                     ----------------  ----------------  -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $      (232,746)  $      (395,048)  $      14,871,430  $     18,664,589
   Net realized gains (losses).....       (1,303,799)         (761,463)          2,049,280         1,364,969
   Change in unrealized gains
     (losses) on investments.......         4,310,937       (8,618,297)         34,685,544      (45,377,042)
                                     ----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............         2,774,392       (9,774,808)         51,606,254      (25,347,484)
                                     ----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........            30,728            35,318          4,441,596         5,451,556
   Net transfers (including fixed
     account)......................         4,388,631         1,683,759          2,485,170       (2,285,045)
   Contract charges................         (316,879)         (375,361)        (1,727,353)       (1,916,764)
   Transfers for Contract benefits
     and terminations..............       (4,064,904)       (4,736,909)       (56,629,726)      (67,624,089)
                                     ----------------  ----------------  -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......            37,576       (3,393,193)       (51,430,313)      (66,374,342)
                                     ----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets..............         2,811,968      (13,168,001)            175,941      (91,721,826)
NET ASSETS:
   Beginning of year...............        24,101,859        37,269,860        422,543,762       514,265,588
                                     ----------------  ----------------  -----------------  ----------------
   End of year.....................  $     26,913,827  $     24,101,859  $     422,719,703  $    422,543,762
                                     ================  ================  =================  ================


                                            BHFTII WESTERN ASSET
                                         MANAGEMENT U.S. GOVERNMENT
                                                  DIVISION
                                     -----------------------------------
                                            2019              2018
                                     -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $       1,749,396  $      1,248,130
   Net realized gains (losses).....          (614,870)       (1,552,551)
   Change in unrealized gains
     (losses) on investments.......          4,845,617         (754,838)
                                     -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............          5,980,143       (1,059,259)
                                     -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........          1,334,070         1,414,724
   Net transfers (including fixed
     account)......................          9,858,710         1,001,762
   Contract charges................          (782,848)         (860,978)
   Transfers for Contract benefits
     and terminations..............       (23,119,699)      (23,173,581)
                                     -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......       (12,709,767)      (21,618,073)
                                     -----------------  ----------------
     Net increase (decrease)
        in net assets..............        (6,729,624)      (22,677,332)
NET ASSETS:
   Beginning of year...............        137,000,881       159,678,213
                                     -----------------  ----------------
   End of year.....................  $     130,271,257  $    137,000,881
                                     =================  ================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-68



 The accompanying notes are an integral part of these financial statements.


                                    E-69



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                       BLACKROCK GLOBAL ALLOCATION V.I.            CALVERT VP SRI BALANCED
                                                   DIVISION                               DIVISION
                                    --------------------------------------  -------------------------------------
                                           2019                2018                2019               2018
                                    ------------------  ------------------  -----------------  ------------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $            (103)  $            (616)  $         202,247  $          284,226
   Net realized gains (losses)....               3,790               2,696          2,382,549           5,333,401
   Change in unrealized gains
      (losses) on investments.....              10,510            (12,549)          7,477,530         (7,323,486)
                                    ------------------  ------------------  -----------------  ------------------
      Net increase (decrease)
        in net assets resulting
        from operations...........              14,197            (10,469)         10,062,326         (1,705,859)
                                    ------------------  ------------------  -----------------  ------------------
CONTRACT TRANSACTIONS:
   Purchase payments received
      from Contract owners........                  --                  --          1,225,788           1,290,376
   Net transfers (including fixed
      account)....................                 869               3,516          1,258,738           (895,924)
   Contract charges...............                 (3)                 (3)           (21,315)            (19,891)
   Transfers for Contract benefits
      and terminations............             (1,288)             (1,072)        (4,252,701)         (5,884,822)
                                    ------------------  ------------------  -----------------  ------------------
      Net increase (decrease) in
        net assets resulting from
        Contract transactions.....               (422)               2,441        (1,789,490)         (5,510,261)
                                    ------------------  ------------------  -----------------  ------------------
      Net increase (decrease)
        in net assets.............              13,775             (8,028)          8,272,836         (7,216,120)
NET ASSETS:
   Beginning of year..............              88,248              96,276         44,653,283          51,869,403
                                    ------------------  ------------------  -----------------  ------------------
   End of year....................  $          102,023  $           88,248  $      52,926,119  $       44,653,283
                                    ==================  ==================  =================  ==================


                                           CALVERT VP SRI MID CAP              DELAWARE VIP SMALL CAP VALUE
                                                  DIVISION                               DIVISION
                                    -------------------------------------  -------------------------------------
                                           2019               2018                2019                2018
                                    ------------------  -----------------  ------------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $         (40,086)  $        (36,210)  $               52  $            (33)
   Net realized gains (losses)....             742,479            961,325                 275              2,544
   Change in unrealized gains
      (losses) on investments.....           1,358,056        (1,285,025)                 818            (4,457)
                                    ------------------  -----------------  ------------------  -----------------
      Net increase (decrease)
        in net assets resulting
        from operations...........           2,060,449          (359,910)               1,145            (1,946)
                                    ------------------  -----------------  ------------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
      from Contract owners........             224,887            248,688                  --                 --
   Net transfers (including fixed
      account)....................           (130,364)             29,460             (7,781)                722
   Contract charges...............               (520)              (542)                  --                 --
   Transfers for Contract benefits
      and terminations............         (1,251,366)        (1,494,700)                  --           (13,453)
                                    ------------------  -----------------  ------------------  -----------------
      Net increase (decrease) in
        net assets resulting from
        Contract transactions.....         (1,157,363)        (1,217,094)             (7,781)           (12,731)
                                    ------------------  -----------------  ------------------  -----------------
      Net increase (decrease)
        in net assets.............             903,086        (1,577,004)             (6,636)           (14,677)
NET ASSETS:
   Beginning of year..............           7,168,514          8,745,518               7,333             22,010
                                    ------------------  -----------------  ------------------  -----------------
   End of year....................  $        8,071,600  $       7,168,514  $              697  $           7,333
                                    ==================  =================  ==================  =================


                                          FIDELITY(R) VIP CONTRAFUND            FIDELITY(R) VIP EQUITY-INCOME
                                                   DIVISION                               DIVISION
                                    --------------------------------------  ------------------------------------
                                           2019                2018                2019              2018
                                     -----------------  ------------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...   $         (4,757)  $          (3,861)  $         599,201  $         865,021
   Net realized gains (losses)....              81,143              91,231          4,703,325          3,841,839
   Change in unrealized gains
      (losses) on investments.....              97,587           (129,154)         10,253,112       (11,245,135)
                                     -----------------  ------------------  -----------------  -----------------
      Net increase (decrease)
        in net assets resulting
        from operations...........             173,973            (41,784)         15,555,638        (6,538,275)
                                     -----------------  ------------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
      from Contract owners........              14,335              13,773            713,874            887,161
   Net transfers (including fixed
      account)....................            (12,595)                 304        (1,412,327)          (989,519)
   Contract charges...............                (11)                (13)            (8,945)            (9,548)
   Transfers for Contract benefits
      and terminations............            (61,029)           (174,871)       (11,331,932)        (7,954,122)
                                     -----------------  ------------------  -----------------  -----------------
      Net increase (decrease) in
        net assets resulting from
        Contract transactions.....            (59,300)           (160,807)       (12,039,330)        (8,066,028)
                                     -----------------  ------------------  -----------------  -----------------
      Net increase (decrease)
        in net assets.............             114,673           (202,591)          3,516,308       (14,604,303)
NET ASSETS:
   Beginning of year..............             603,131             805,722         63,735,707         78,340,010
                                     -----------------  ------------------  -----------------  -----------------
   End of year....................   $         717,804  $          603,131  $      67,252,015  $      63,735,707
                                     =================  ==================  =================  =================


                                        FIDELITY(R) VIP FREEDOM 2020
                                                  DIVISION
                                    -------------------------------------
                                           2019                2018
                                    ------------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $           29,456  $           3,765
   Net realized gains (losses)....              93,784             64,849
   Change in unrealized gains
      (losses) on investments.....             225,482          (144,778)
                                    ------------------  -----------------
      Net increase (decrease)
        in net assets resulting
        from operations...........             348,722           (76,164)
                                    ------------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
      from Contract owners........             283,127            202,161
   Net transfers (including fixed
      account)....................           1,451,789            153,395
   Contract charges...............                 (3)                 --
   Transfers for Contract benefits
      and terminations............           (165,548)          (496,652)
                                    ------------------  -----------------
      Net increase (decrease) in
        net assets resulting from
        Contract transactions.....           1,569,365          (141,096)
                                    ------------------  -----------------
      Net increase (decrease)
        in net assets.............           1,918,087          (217,260)
NET ASSETS:
   Beginning of year..............           1,037,991          1,255,251
                                    ------------------  -----------------
   End of year....................  $        2,956,078  $       1,037,991
                                    ==================  =================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-70



 The accompanying notes are an integral part of these financial statements.


                                    E-71



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018




                                        FIDELITY(R) VIP FREEDOM 2025          FIDELITY(R) VIP FREEDOM 2030
                                                  DIVISION                              DIVISION
                                    -------------------------------------  ------------------------------------
                                           2019               2018               2019                2018
                                    ------------------  -----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $           30,897  $           4,120  $          34,390  $           8,852
   Net realized gains (losses)....              67,109             27,609            160,779             84,808
   Change in unrealized gains
      (losses) on investments.....             332,544          (116,316)            517,758          (378,077)
                                    ------------------  -----------------  -----------------  -----------------
      Net increase (decrease)
        in net assets resulting
        from operations...........             430,550           (84,587)            712,927          (284,417)
                                    ------------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
      from Contract owners........             298,198            159,140            415,304            188,522
   Net transfers (including fixed
      account)....................           1,943,247            536,789            682,578            161,673
   Contract charges...............             (3,520)                 --               (88)                (5)
   Transfers for Contract benefits
      and terminations............           (143,459)          (298,297)          (454,880)          (133,924)
                                    ------------------  -----------------  -----------------  -----------------
      Net increase (decrease) in
        net assets resulting from
        Contract transactions.....           2,094,466            397,632            642,914            216,266
                                    ------------------  -----------------  -----------------  -----------------
      Net increase (decrease)
        in net assets.............           2,525,016            313,045          1,355,841           (68,151)
NET ASSETS:
   Beginning of year..............           1,132,045            819,000          2,953,022          3,021,173
                                    ------------------  -----------------  -----------------  -----------------
   End of year....................  $        3,657,061  $       1,132,045  $       4,308,863  $       2,953,022
                                    ==================  =================  =================  =================


                                       FIDELITY(R) VIP FREEDOM 2035            FIDELITY(R) VIP FREEDOM 2040
                                                 DIVISION                                DIVISION
                                    -------------------------------------  -------------------------------------
                                          2019              2018 (a)             2019                2018
                                    -----------------  ------------------  -----------------  ------------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $           4,005  $              676  $          10,163  $              273
   Net realized gains (losses)....              5,507               1,676             23,548              21,052
   Change in unrealized gains
      (losses) on investments.....             40,813            (12,427)            163,004            (78,959)
                                    -----------------  ------------------  -----------------  ------------------
      Net increase (decrease)
        in net assets resulting
        from operations...........             50,325            (10,075)            196,715            (57,634)
                                    -----------------  ------------------  -----------------  ------------------
CONTRACT TRANSACTIONS:
   Purchase payments received
      from Contract owners........            116,527              46,356            329,176              88,343
   Net transfers (including fixed
      account)....................            239,691             149,210            275,681              54,651
   Contract charges...............               (62)                (10)              (196)                (51)
   Transfers for Contract benefits
      and terminations............           (12,931)            (79,890)            (2,333)           (120,996)
                                    -----------------  ------------------  -----------------  ------------------
      Net increase (decrease) in
        net assets resulting from
        Contract transactions.....            343,225             115,666            602,328              21,947
                                    -----------------  ------------------  -----------------  ------------------
      Net increase (decrease)
        in net assets.............            393,550             105,591            799,043            (35,687)
NET ASSETS:
   Beginning of year..............            105,591                  --            498,777             534,464
                                    -----------------  ------------------  -----------------  ------------------
   End of year....................  $         499,141  $          105,591  $       1,297,820  $          498,777
                                    =================  ==================  =================  ==================


                                        FIDELITY(R) VIP FREEDOM 2045           FIDELITY(R) VIP FREEDOM 2050
                                                  DIVISION                               DIVISION
                                    -------------------------------------  ------------------------------------
                                           2019             2018 (a)              2019              2018
                                    -----------------  ------------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $           6,799  $              927  $          11,194  $             845
   Net realized gains (losses)....              9,606                 839             24,259               (91)
   Change in unrealized gains
      (losses) on investments.....             84,279            (15,977)            147,540           (50,380)
                                    -----------------  ------------------  -----------------  -----------------
      Net increase (decrease)
        in net assets resulting
        from operations...........            100,684            (14,211)            182,993           (49,626)
                                    -----------------  ------------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
      from Contract owners........            269,967              59,651            783,947            161,714
   Net transfers (including fixed
      account)....................            377,348             110,163             92,766             13,240
   Contract charges...............              (136)                (12)              (424)               (33)
   Transfers for Contract benefits
      and terminations............           (21,748)            (30,691)           (51,662)           (16,804)
                                    -----------------  ------------------  -----------------  -----------------
      Net increase (decrease) in
        net assets resulting from
        Contract transactions.....            625,431             139,111            824,627            158,117
                                    -----------------  ------------------  -----------------  -----------------
      Net increase (decrease)
        in net assets.............            726,115             124,900          1,007,620            108,491
NET ASSETS:
   Beginning of year..............            124,900                  --            362,109            253,618
                                    -----------------  ------------------  -----------------  -----------------
   End of year....................  $         851,015  $          124,900  $       1,369,729  $         362,109
                                    =================  ==================  =================  =================


                                      FIDELITY(R) VIP FUNDSMANAGER 50%
                                                  DIVISION
                                    -------------------------------------
                                           2019                2018
                                    ------------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)...  $        (896,941)  $     (1,823,243)
   Net realized gains (losses)....          24,733,076         25,500,586
   Change in unrealized gains
      (losses) on investments.....          13,945,384       (43,710,159)
                                    ------------------  -----------------
      Net increase (decrease)
        in net assets resulting
        from operations...........          37,781,519       (20,032,816)
                                    ------------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
      from Contract owners........             456,132          1,291,831
   Net transfers (including fixed
      account)....................                  --                 --
   Contract charges...............                  --                 --
   Transfers for Contract benefits
      and terminations............        (44,066,888)       (38,312,008)
                                    ------------------  -----------------
      Net increase (decrease) in
        net assets resulting from
        Contract transactions.....        (43,610,756)       (37,020,177)
                                    ------------------  -----------------
      Net increase (decrease)
        in net assets.............         (5,829,237)       (57,052,993)
NET ASSETS:
   Beginning of year..............         258,652,350        315,705,343
                                    ------------------  -----------------
   End of year....................  $      252,823,113  $     258,652,350
                                    ==================  =================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-72



 The accompanying notes are an integral part of these financial statements.


                                    E-73



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018





                                                                                       FIDELITY(R) VIP
                                        FIDELITY(R) VIP FUNDSMANAGER 60%           GOVERNMENT MONEY MARKET
                                                    DIVISION                              DIVISION
                                      ------------------------------------  -----------------------------------
                                             2019               2018               2019              2018
                                      -----------------  -----------------  -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss).....  $     (1,097,783)  $     (2,094,057)  $          53,199  $         36,949
   Net realized gains (losses)......         37,249,130         36,250,723                 --                --
   Change in unrealized gains
     (losses) on investments........          3,383,565       (55,081,469)                 --                --
                                      -----------------  -----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations.............         39,534,912       (20,924,803)             53,199            36,949
                                      -----------------  -----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners...........            436,252            141,669            354,565           358,462
   Net transfers (including fixed
     account).......................                 --                 --            462,554           880,526
   Contract charges.................                 --                 --                 --                --
   Transfers for Contract benefits
     and terminations...............       (30,092,470)       (36,528,395)          (811,043)         (929,472)
                                      -----------------  -----------------  -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.......       (29,656,218)       (36,386,726)              6,076           309,516
                                      -----------------  -----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets...............          9,878,694       (57,311,529)             59,275           346,465
NET ASSETS:
   Beginning of year................        229,662,248        286,973,777          5,355,641         5,009,176
                                      -----------------  -----------------  -----------------  ----------------
   End of year......................  $     239,540,942  $     229,662,248  $       5,414,916  $      5,355,641
                                      =================  =================  =================  ================



                                            FIDELITY(R) VIP GROWTH          FIDELITY(R) VIP INVESTMENT GRADE BOND
                                                   DIVISION                               DIVISION
                                      ------------------------------------  --------------------------------------
                                            2019               2018                2019               2018
                                      -----------------  -----------------   -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss).....  $       (673,395)  $       (720,227)   $         155,830  $         136,302
   Net realized gains (losses)......         11,646,846         18,774,009              32,547              9,465
   Change in unrealized gains
     (losses) on investments........         16,096,876       (18,154,623)             565,337          (301,382)
                                      -----------------  -----------------   -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations.............         27,070,327          (100,841)             753,714          (155,615)
                                      -----------------  -----------------   -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners...........            891,759            938,550             570,621            313,722
   Net transfers (including fixed
     account).......................        (1,634,692)          (967,645)             402,139          (142,849)
   Contract charges.................            (1,292)            (1,389)             (1,516)              (234)
   Transfers for Contract benefits
     and terminations...............       (15,339,820)       (10,948,033)         (1,527,846)        (1,445,603)
                                      -----------------  -----------------   -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.......       (16,084,045)       (10,978,517)           (556,602)        (1,274,964)
                                      -----------------  -----------------   -----------------  -----------------
     Net increase (decrease)
        in net assets...............         10,986,282       (11,079,358)             197,112        (1,430,579)
NET ASSETS:
   Beginning of year................         87,558,490         98,637,848           8,809,328         10,239,907
                                      -----------------  -----------------   -----------------  -----------------
   End of year......................  $      98,544,772  $      87,558,490   $       9,006,440  $       8,809,328
                                      =================  =================   =================  =================


                                                                                      FTVIPT TEMPLETON
                                            FIDELITY(R) VIP MID CAP                DEVELOPING MARKETS VIP
                                                   DIVISION                               DIVISION
                                      ------------------------------------  ------------------------------------
                                            2019               2018               2019                2018
                                      -----------------  -----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss).....  $         (1,037)  $         (3,368)  $             141  $            (97)
   Net realized gains (losses)......             47,915             84,342             19,277              2,258
   Change in unrealized gains
     (losses) on investments........             39,891          (150,743)              (850)           (27,683)
                                      -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations.............             86,769           (69,769)             18,568           (25,522)
                                      -----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners...........                474              1,407                118                410
   Net transfers (including fixed
     account).......................              2,223           (90,828)          (106,647)             12,917
   Contract charges.................                 --                 --                 --                 --
   Transfers for Contract benefits
     and terminations...............           (63,428)           (99,544)                (3)            (5,444)
                                      -----------------  -----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.......           (60,731)          (188,965)          (106,532)              7,883
                                      -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets...............             26,038          (258,734)           (87,964)           (17,639)
NET ASSETS:
   Beginning of year................            418,140            676,874            135,271            152,910
                                      -----------------  -----------------  -----------------  -----------------
   End of year......................  $         444,178  $         418,140  $          47,307  $         135,271
                                      =================  =================  =================  =================



                                          FTVIPT TEMPLETON FOREIGN VIP
                                                    DIVISION
                                      ------------------------------------
                                           2019 (b)             2018
                                      -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss).....  $             (1)  $              15
   Net realized gains (losses)......               (32)                 --
   Change in unrealized gains
     (losses) on investments........                 77              (131)
                                      -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations.............                 44              (116)
                                      -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners...........                 --                 --
   Net transfers (including fixed
     account).......................                 --                 --
   Contract charges.................                 --                 --
   Transfers for Contract benefits
     and terminations...............              (653)                (1)
                                      -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions.......              (653)                (1)
                                      -----------------  -----------------
     Net increase (decrease)
        in net assets...............              (609)              (117)
NET ASSETS:
   Beginning of year................                609                726
                                      -----------------  -----------------
   End of year......................  $              --  $             609
                                      =================  =================


(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-74



 The accompanying notes are an integral part of these financial statements.


                                    E-75



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018





                                           IVY VIP ASSET STRATEGY             JANUS HENDERSON ENTERPRISE
                                                  DIVISION                             DIVISION
                                     ----------------------------------  ------------------------------------
                                           2019              2018               2019              2018
                                     ----------------  ----------------  -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $             15  $             13  $           (900)  $           (996)
   Net realized gains (losses).....                62                43             17,027             14,690
   Change in unrealized gains
     (losses) on investments.......               321             (183)             15,864           (13,731)
                                     ----------------  ----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............               398             (127)             31,991               (37)
                                     ----------------  ----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........                --                --              1,425              1,399
   Net transfers (including fixed
     account)......................                13                21             31,978            (7,863)
   Contract charges................               (1)                --                 --                 --
   Transfers for Contract benefits
     and terminations..............             (347)             (704)           (39,007)           (38,141)
                                     ----------------  ----------------  -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......             (335)             (683)            (5,604)           (44,605)
                                     ----------------  ----------------  -----------------  -----------------
     Net increase (decrease)
        in net assets..............                63             (810)             26,387           (44,642)
NET ASSETS:
   Beginning of year...............             2,017             2,827            105,150            149,792
                                     ----------------  ----------------  -----------------  -----------------
   End of year.....................  $          2,080  $          2,017  $         131,537  $         105,150
                                     ================  ================  =================  =================


                                                   LMPVET                         LMPVET CLEARBRIDGE
                                      CLEARBRIDGE VARIABLE APPRECIATION       VARIABLE DIVIDEND STRATEGY
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                           2019               2018              2019               2018
                                     -----------------  ----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $             260  $            159  $            404  $             458
   Net realized gains (losses).....              3,409             2,869             7,316              4,936
   Change in unrealized gains
     (losses) on investments.......              8,444           (4,002)            11,304            (9,239)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............             12,113             (974)            19,024            (3,845)
                                     -----------------  ----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........                563               586                --                 --
   Net transfers (including fixed
     account)......................            (1,355)             (205)           (3,387)            (1,356)
   Contract charges................                 --                --                --                 --
   Transfers for Contract benefits
     and terminations..............                (3)           (5,136)           (4,097)                (3)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......              (795)           (4,755)           (7,484)            (1,359)
                                     -----------------  ----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............             11,318           (5,729)            11,540            (5,204)
NET ASSETS:
   Beginning of year...............             42,700            48,429            64,392             69,596
                                     -----------------  ----------------  ----------------  -----------------
   End of year.....................  $          54,018  $         42,700  $         75,932  $          64,392
                                     =================  ================  ================  =================


                                             LMPVET CLEARBRIDGE                    LMPVET CLEARBRIDGE
                                          VARIABLE LARGE CAP GROWTH             VARIABLE SMALL CAP GROWTH
                                                  DIVISION                              DIVISION
                                     ------------------------------------  -----------------------------------
                                            2019              2018               2019               2018
                                     -----------------  -----------------  -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $         (3,219)  $         (3,114)  $           (167)  $          (219)
   Net realized gains (losses).....             62,538             32,938              1,951             7,294
   Change in unrealized gains
     (losses) on investments.......             81,041           (36,755)              2,305           (3,935)
                                     -----------------  -----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............            140,360            (6,931)              4,089             3,140
                                     -----------------  -----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........             11,771              6,734              3,018             1,171
   Net transfers (including fixed
     account)......................            (8,082)             49,969             21,461           (3,696)
   Contract charges................                (3)                 --                (1)                --
   Transfers for Contract benefits
     and terminations..............          (170,755)           (69,279)               (78)          (13,008)
                                     -----------------  -----------------  -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......          (167,069)           (12,576)             24,400          (15,533)
                                     -----------------  -----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets..............           (26,709)           (19,507)             28,489          (12,393)
NET ASSETS:
   Beginning of year...............            489,481            508,988             15,046            27,439
                                     -----------------  -----------------  -----------------  ----------------
   End of year.....................  $         462,772  $         489,481  $          43,535  $         15,046
                                     =================  =================  =================  ================



                                        LMPVIT WESTERN ASSET CORE PLUS
                                                   DIVISION
                                     ------------------------------------
                                            2019               2018
                                     -----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $           1,241  $           2,280
   Net realized gains (losses).....              (724)              (912)
   Change in unrealized gains
     (losses) on investments.......              6,166            (4,458)
                                     -----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............              6,683            (3,090)
                                     -----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........                 --                 --
   Net transfers (including fixed
     account)......................           (48,695)              4,097
   Contract charges................                 --                 --
   Transfers for Contract benefits
     and terminations..............            (1,499)           (22,754)
                                     -----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......           (50,194)           (18,657)
                                     -----------------  -----------------
     Net increase (decrease)
        in net assets..............           (43,511)           (21,747)
NET ASSETS:
   Beginning of year...............             83,068            104,815
                                     -----------------  -----------------
   End of year.....................  $          39,557  $          83,068
                                     =================  =================

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-76



 The accompanying notes are an integral part of these financial statements.


                                    E-77



                    METROPOLITAN LIFE SEPARATE ACCOUNT E
                   OF METROPOLITAN LIFE INSURANCE COMPANY
             STATEMENTS OF CHANGES IN NET ASSETS -- (CONCLUDED)
               FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018





                                                MORGAN STANLEY                         OPPENHEIMER
                                           VIF GLOBAL INFRASTRUCTURE        GLOBAL MULTI-ALTERNATIVES FUND/VA
                                                   DIVISION                             DIVISION
                                     ------------------------------------  -----------------------------------
                                            2019              2018             2019 (c)             2018
                                     -----------------  -----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $             823  $             960  $            106  $           (173)
   Net realized gains (losses).....              3,006                781             (295)                (1)
   Change in unrealized gains
     (losses) on investments.......             11,777            (8,527)               634              (537)
                                     -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............             15,606            (6,786)               445              (711)
                                     -----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........                138              1,300                --                 --
   Net transfers (including fixed
     account)......................            (2,622)              8,856          (15,431)                 --
   Contract charges................               (28)               (28)                --                (3)
   Transfers for Contract benefits
     and terminations..............            (6,494)            (2,872)               (2)                (3)
                                     -----------------  -----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......            (9,006)              7,256          (15,433)                (6)
                                     -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............              6,600                470          (14,988)              (717)
NET ASSETS:
   Beginning of year...............             62,114             61,644            14,988             15,705
                                     -----------------  -----------------  ----------------  -----------------
   End of year.....................  $          68,714  $          62,114  $             --  $          14,988
                                     =================  =================  ================  =================


                                                  PIMCO VIT
                                       COMMODITYREALRETURN(R) STRATEGY          PIMCO VIT DYNAMIC BOND
                                                  DIVISION                             DIVISION
                                     -----------------------------------  -----------------------------------
                                           2019               2018              2019               2018
                                     -----------------  ----------------  -----------------  ----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $           1,031  $            205  $           1,009  $          1,329
   Net realized gains (losses).....            (1,262)             (994)              1,481             1,773
   Change in unrealized gains
     (losses) on investments.......              3,495           (5,871)                228           (4,192)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets resulting
        from operations............              3,264           (6,660)              2,718           (1,090)
                                     -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........                107                --                 --                --
   Net transfers (including fixed
     account)......................              1,140               142                544          (11,630)
   Contract charges................               (10)              (12)               (15)               (9)
   Transfers for Contract benefits
     and terminations..............            (5,240)           (7,646)            (2,946)          (23,275)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......            (4,003)           (7,516)            (2,417)          (34,914)
                                     -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)
        in net assets..............              (739)          (14,176)                301          (36,004)
NET ASSETS:
   Beginning of year...............             35,709            49,885             85,042           121,046
                                     -----------------  ----------------  -----------------  ----------------
   End of year.....................  $          34,970  $         35,709  $          85,343  $         85,042
                                     =================  ================  =================  ================


                                                  PIMCO VIT                         TAP 1919 VARIABLE
                                            EMERGING MARKETS BOND             SOCIALLY RESPONSIVE BALANCED
                                                  DIVISION                              DIVISION
                                     ------------------------------------  -----------------------------------
                                            2019              2018               2019               2018
                                     -----------------  -----------------  ----------------  -----------------

INCREASE (DECREASE) IN NET ASSETS:
FROM OPERATIONS:
   Net investment income (loss)....  $           1,762  $           1,635  $             16  $              51
   Net realized gains (losses).....                126              (181)             1,386              2,316
   Change in unrealized gains
     (losses) on investments.......              5,832            (5,833)             5,277            (3,047)
                                     -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets resulting
        from operations............              7,720            (4,379)             6,679              (680)
                                     -----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:
   Purchase payments received
     from Contract owners..........                 --                 --             1,712              5,938
   Net transfers (including fixed
     account)......................              (532)                714           (4,576)              (104)
   Contract charges................               (13)               (17)                --                 --
   Transfers for Contract benefits
     and terminations..............            (9,177)            (5,176)               (4)            (2,609)
                                     -----------------  -----------------  ----------------  -----------------
     Net increase (decrease) in
        net assets resulting from
        Contract transactions......            (9,722)            (4,479)           (2,868)              3,225
                                     -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)
        in net assets..............            (2,002)            (8,858)             3,811              2,545
NET ASSETS:
   Beginning of year...............             62,180             71,038            26,671             24,126
                                     -----------------  -----------------  ----------------  -----------------
   End of year.....................  $          60,178  $          62,180  $         30,482  $          26,671
                                     =================  =================  ================  =================


(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



 The accompanying notes are an integral part of these financial statements.


                                    E-78



 The accompanying notes are an integral part of these financial statements.


                                    E-79



              METROPOLITAN LIFE SEPARATE ACCOUNT E
             OF METROPOLITAN LIFE INSURANCE COMPANY
                NOTES TO THE FINANCIAL STATEMENTS



1.  ORGANIZATION


Metropolitan Life Separate Account E (the "Separate Account"), a separate
account of Metropolitan Life Insurance Company (the "Company"), was established
by the Company's Board of Directors on September 27, 1983 to support operations
of the Company with respect to certain variable annuity contracts (the
"Contracts"). The Company is a direct wholly-owned subsidiary of MetLife, Inc.,
a Delaware corporation. The Separate Account is registered as a unit investment
trust under the Investment Company Act of 1940, as amended, and is subject to
the rules and regulations of the United States Securities and Exchange
Commission, as well as the New York State Department of Financial Services.

The Separate Account is divided into Divisions, each of which is treated as an
individual accounting entity for financial reporting purposes. Each Division
invests in shares of the corresponding fund, series or portfolio (with the same
name) of registered investment management companies (the "Trusts"), which are
presented below:



American Funds Insurance Series(R)                           Ivy Variable Insurance Portfolios ("Ivy VIP")
   ("American Funds")                                        Janus Aspen Series ("Janus Aspen")
BlackRock Variable Series Funds, Inc. ("BlackRock")          Legg Mason Partners Variable Equity Trust
Brighthouse Funds Trust I ("BHFTI")                            ("LMPVET")
Brighthouse Funds Trust II ("BHFTII")                        Legg Mason Partners Variable Income Trust
Calvert Variable Series, Inc. ("Calvert")                      ("LMPVIT")
Delaware VIP Trust ("Delaware VIP")                          Morgan Stanley Variable Insurance Fund, Inc.
Fidelity(R) Variable Insurance Products ("Fidelity VIP")       ("Morgan Stanley VIF")
Franklin Templeton Variable Insurance Products Trust         PIMCO Variable Insurance Trust ("PIMCO VIT")
   ("FTVIPT")                                                Trust for Advised Portfolios ("TAP")

The assets of each of the Divisions of the Separate Account are registered in
the name of the Company. Under applicable insurance law, the assets and
liabilities of the Separate Account are clearly identified and distinguished
from the Company's other assets and liabilities. The portion of the Separate
Account's assets applicable to the Contracts cannot be used for liabilities
arising out of any other business conducted by the Company.


2.  LIST OF DIVISIONS


Purchase payments, less any applicable charges, applied to the Separate Account
are invested in one or more Divisions in accordance with the selection made by
the Contract owner. The following Divisions had net assets as of December 31,
2019:



American Funds(R) Bond Division                         BHFTI BlackRock High Yield Division (a)
American Funds(R) Global Growth Division                BHFTI Brighthouse Asset Allocation 100 Division (a)
American Funds(R) Global Small Capitalization           BHFTI Brighthouse Balanced Plus Division
   Division (a)                                         BHFTI Brighthouse Small Cap Value Division
American Funds(R) Growth Division                       BHFTI Brighthouse/Aberdeen Emerging Markets
American Funds(R) Growth-Income Division                  Equity Division (a)
BHFTI AB Global Dynamic Allocation Division             BHFTI Brighthouse/Artisan International Division
BHFTI American Funds(R) Balanced Allocation             BHFTI Brighthouse/Eaton Vance Floating Rate
   Division (a)                                           Division
BHFTI American Funds(R) Growth Allocation               BHFTI Brighthouse/Franklin Low Duration Total
   Division (a)                                           Return Division
BHFTI American Funds(R) Growth Division                 BHFTI Brighthouse/Templeton International Bond
BHFTI American Funds(R) Moderate Allocation               Division
   Division (a)                                         BHFTI Brighthouse/Wellington Large Cap Research
BHFTI AQR Global Risk Balanced Division                   Division (a)
BHFTI BlackRock Global Tactical Strategies Division     BHFTI Clarion Global Real Estate Division (a)


                                    E-80



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



2. LIST OF DIVISIONS -- (CONTINUED)




BHFTI Harris Oakmark International Division (a)            BHFTII MetLife Mid Cap Stock Index Division (a)
BHFTI Invesco Balanced-Risk Allocation Division            BHFTII MetLife MSCI EAFE(R) Index Division (a)
BHFTI Invesco Comstock Division                            BHFTII MetLife Russell 2000(R) Index Division (a)
BHFTI Invesco Global Equity Division (a)                   BHFTII MetLife Stock Index Division (a)
BHFTI Invesco Small Cap Growth Division (a)                BHFTII MFS(R) Total Return Division (a)
BHFTI JPMorgan Core Bond Division                          BHFTII MFS(R) Value Division (a)
BHFTI JPMorgan Global Active Allocation Division           BHFTII Neuberger Berman Genesis Division (a)
BHFTI JPMorgan Small Cap Value Division (a)                BHFTII T. Rowe Price Large Cap Growth Division (a)
BHFTI Loomis Sayles Global Allocation Division             BHFTII T. Rowe Price Small Cap Growth Division (a)
BHFTI Loomis Sayles Growth Division (a)                    BHFTII Van Eck Global Natural Resources Division
BHFTI MetLife Multi-Index Targeted Risk Division           BHFTII Western Asset Management Strategic Bond
BHFTI MFS(R) Research International Division (a)             Opportunities Division (a)
BHFTI Morgan Stanley Discovery Division (a)                BHFTII Western Asset Management U.S. Government
BHFTI PanAgora Global Diversified Risk Division              Division (a)
BHFTI PIMCO Inflation Protected Bond Division (a)          BlackRock Global Allocation V.I. Division
BHFTI PIMCO Total Return Division (a)                      Calvert VP SRI Balanced Division
BHFTI Schroders Global Multi-Asset Division                Calvert VP SRI Mid Cap Division
BHFTI SSGA Growth and Income ETF Division (a)              Delaware VIP Small Cap Value Division
BHFTI SSGA Growth ETF Division (a)                         Fidelity(R) VIP Contrafund Division
BHFTI T. Rowe Price Large Cap Value Division               Fidelity(R) VIP Equity-Income Division
BHFTI T. Rowe Price Mid Cap Growth Division (a)            Fidelity(R) VIP Freedom 2020 Division
BHFTI TCW Core Fixed Income Division                       Fidelity(R) VIP Freedom 2025 Division
BHFTI Victory Sycamore Mid Cap Value Division (a)          Fidelity(R) VIP Freedom 2030 Division
BHFTI Wells Capital Management Mid Cap Value               Fidelity(R) VIP Freedom 2035 Division
   Division                                                Fidelity(R) VIP Freedom 2040 Division
BHFTI Western Asset Management Government                  Fidelity(R) VIP Freedom 2045 Division
   Income Division                                         Fidelity(R) VIP Freedom 2050 Division
BHFTII Baillie Gifford International Stock Division (a)    Fidelity(R) VIP FundsManager 50% Division
BHFTII BlackRock Bond Income Division (a)                  Fidelity(R) VIP FundsManager 60% Division
BHFTII BlackRock Capital Appreciation Division (a)         Fidelity(R) VIP Government Money Market Division
BHFTII BlackRock Ultra-Short Term Bond                     Fidelity(R) VIP Growth Division
   Division (a)                                            Fidelity(R) VIP Investment Grade Bond Division
BHFTII Brighthouse Asset Allocation 20 Division (a)        Fidelity(R) VIP Mid Cap Division
BHFTII Brighthouse Asset Allocation 40 Division (a)        FTVIPT Templeton Developing Markets VIP Division
BHFTII Brighthouse Asset Allocation 60 Division (a)        FTVIPT Templeton Foreign VIP Division (b)
BHFTII Brighthouse Asset Allocation 80 Division (a)        Ivy VIP Asset Strategy Division
BHFTII Brighthouse/Artisan Mid Cap Value                   Janus Henderson Enterprise Division
   Division (a)                                            LMPVET ClearBridge Variable Appreciation Division
BHFTII Brighthouse/Dimensional International Small         LMPVET ClearBridge Variable Dividend Strategy
   Company Division                                          Division
BHFTII Brighthouse/Wellington Balanced Division (a)        LMPVET ClearBridge Variable Large Cap Growth
BHFTII Brighthouse/Wellington Core Equity                    Division
   Opportunities Division (a)                              LMPVET ClearBridge Variable Small Cap Growth
BHFTII Frontier Mid Cap Growth Division (a)                  Division
BHFTII Jennison Growth Division (a)                        LMPVIT Western Asset Core Plus Division
BHFTII Loomis Sayles Small Cap Core Division (a)           Morgan Stanley VIF Global Infrastructure Division
BHFTII Loomis Sayles Small Cap Growth Division (a)         PIMCO VIT CommodityRealReturn(R) Strategy
BHFTII MetLife Aggregate Bond Index Division (a)             Division


                                    E-81



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



2.  LIST OF DIVISIONS -- (CONCLUDED)




PIMCO VIT Dynamic Bond Division                        TAP 1919 Variable Socially Responsive Balanced
PIMCO VIT Emerging Markets Bond Division                 Division
(a) This Division invests in two or more share classes within the underlying
fund, series or portfolio of the Trusts.

(b) This Division had no net assets on December 31, 2019 and is not included in
the statements of assets and liabilities.



3.  PORTFOLIO CHANGES


A. The following Division ceased operations during the year ended December 31,
2019 and is not included in the statements of assets and liabilities:

Oppenheimer Global Multi-Alternatives Fund/VA Division

B. The operations of the Divisions were affected by the following changes that
occurred during the year ended December 31, 2019:

NAME CHANGES:



Former Name                                            New Name

BHFTI Fidelity Institutional Asset Management(R)       BHFTI Western Asset Management Government
   Government Income Portfolio                           Income Portfolio
BHFTI Loomis Sayles Global Markets Portfolio           BHFTI Loomis Sayles Global Allocation Portfolio
BHFTI ClearBridge Aggressive Growth Portfolio          BHFTI Loomis Sayles Growth Portfolio
BHFTI Morgan Stanley Mid Cap Growth Portfolio          BHFTI Morgan Stanley Discovery Portfolio
BHFTI Oppenheimer Global Equity Portfolio              BHFTI Invesco Global Equity Portfolio
LIQUIDATION:

Oppenheimer Global Multi-Alternatives Fund/VA Portfolio


4.  SIGNIFICANT ACCOUNTING POLICIES

BASIS OF ACCOUNTING
The financial statements have been prepared in accordance with accounting
principles generally accepted in the United States of America ("GAAP")
applicable for variable annuity separate accounts registered as unit investment
trusts, which follow the accounting and reporting guidance in Financial
Accounting Standards Board Accounting Standards Codification (ASC) Topic 946,
INVESTMENT COMPANIES.


SECURITY TRANSACTIONS
Security transactions are recorded on a trade date basis. Realized gains and
losses on the sales of investments are computed on the basis of the average
cost of the investment sold. Income from dividends and realized gain
distributions are recorded on the ex-distribution date.


SECURITY VALUATION
A Division's investment in shares of a fund or portfolio of the Trusts is
valued at fair value based on the closing net asset value ("NAV"). All changes
in fair value are recorded as changes in unrealized gains (losses) on
investments in the statements of operations of the applicable Divisions. The
Separate Accounts define fair value as the price that would be received to sell
an asset or paid to transfer a liability (an exit price) in the principal or
most advantageous market for the asset or liability in an orderly transaction
between market participants on the measurement date. Each Division invests in
shares of open-end mutual funds which calculate a daily NAV based on the fair
value of the underlying securities in their portfolios. As a result, and as
required by law, shares of open-end mutual funds are purchased and redeemed at
their daily NAV as reported by the Trusts at the close of each business day.



                                    E-82



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



4.  SIGNIFICANT ACCOUNTING POLICIES -- (CONCLUDED)


SECURITY VALUATION -- (CONCLUDED)
ASC Topic 820, Fair Value Measurement ("ASC 820") provides that the Separate
Account is not required to categorize within the fair value hierarchy all
investments for which fair value is measured using the NAV per share practical
expedient. Additionally, ASC 820 does not require certain disclosures for all
investments that are eligible to be measured at fair value using the net asset
value per share practical expedient. The Separate Accounts investments in
shares of a fund, series or portfolio of the Trusts are using NAV as a
practical expedient, therefore investments are not categorized within the ASC
820 fair value hierarchy.


FEDERAL INCOME TAXES
The operations of the Separate Account form a part of the total operations of
the Company and are not taxed separately. The Company is taxed as a life
insurance company under the provisions of the Internal Revenue Code ("IRC").
Under the current provisions of the IRC, the Company does not expect to incur
federal income taxes on the earnings of the Separate Account to the extent the
earnings are credited under the Contracts. Accordingly, no charge is currently
being made to the Separate Account for federal income taxes. The Company will
periodically review the status of this policy in the event of changes in the
tax law. A charge may be made in future years for any federal income taxes that
would be attributable to the Contracts.


ANNUITY PAYOUTS
Net assets allocated to Contracts in the annuity payout period are computed
according to industry standard mortality tables and, if any, are shown in net
assets from Contracts in payout on the statements of assets and liabilities.
The assumed investment return is between 3.0 and 6.0 percent. The mortality
risk is fully borne by the Company and may result in additional amounts being
transferred into the Separate Account by the Company to cover greater longevity
of annuitants than expected. Conversely, if amounts allocated exceed amounts
required, transfers may be made to the Company. Annuity payouts, if any, are
included in transfers for Contract benefits and terminations on the statements
of changes in net assets of the applicable Divisions.


PURCHASE PAYMENTS
Purchase payments received from Contract owners by the Company are credited as
accumulation units as of the end of the valuation period in which received, as
provided in the prospectus for the Contracts, and are reported as Contract
transactions on the statements of changes in net assets of the applicable
Divisions.


NET TRANSFERS
Assets transferred by the Contract owner into or out of Divisions within the
Separate Account or into or out of the fixed account, which is part of the
Company's general account, are recorded on a net basis as net transfers in the
statements of changes in net assets of the applicable Divisions.


USE OF ESTIMATES
The preparation of financial statements in accordance with GAAP requires
management to make estimates and assumptions that affect amounts reported
herein. Actual results could differ from these estimates.






                                    E-83



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



5.  EXPENSES & CONTRACT CHARGES


The following annual Separate Account charge paid to the Company is an
asset-based charge and assessed through a daily reduction in unit values, which
are recorded as administrative charges in the accompanying statements of
operations of the applicable Divisions:

      Administrative -- The Company has responsibility for the administration
      of the Contracts and the Separate Account. Generally, the administrative
      charge is related to the maintenance, including distribution, of each
      Contract and the Separate Account

The following annual Separate Account charges paid to the Company are
asset-based charges and assessed through a daily reduction in unit values,
which are recorded as expenses in the accompanying statements of operations of
the applicable Divisions:

      Mortality and Expense Risk -- The mortality risk assumed by the Company
      is the risk that those insured may die sooner than anticipated and
      therefore, the Company will pay an aggregate amount of death benefits
      greater than anticipated. The expense risk assumed is the risk that
      expenses incurred in issuing and administering the Contracts will exceed
      the amounts realized from the administrative charges assessed against the
      Contracts. In addition, the charge compensates the Company for the risk
      that the insured (the annuitant) may live longer than estimated and the
      Company would be obligated to pay more in income payments than
      anticipated.

      Optional Death Benefit Rider -- For an additional charge, the total death
      benefit payable may be increased based on increases in account value of
      the Contracts.

      Earnings Preservation Benefit -- For an additional charge, the Company
      will provide additional amounts at death to pay expenses that may be due
      upon the death of the Contract owner, unless the Contract owner is a
      non-natural person and then the benefit is payable upon the death of the
      Annuitant. This amount may not be sufficient to cover expenses that the
      Contract owner's heirs may have to pay.

      Enhanced Stepped-Up Benefit Rider -- For an additional charge, the total
      death benefit payable may be increased based on the greater of the
      account balance or highest annual Contract anniversary value in the
      Contract or the greater of the account balance, annual increase amount or
      highest annual Contract anniversary value in the Contract.

      Preservation and Growth Rider -- For an additional charge, the Company
      will guarantee at a future date the Account Value (adjusted for
      withdrawals) will not be less than the initial Purchase Payment.

      The table below represents the range of effective annual rates for each
      respective charge for the year ended December 31, 2019.



     ----------------------------------------------------------------------------------------------------------------------------
      Administrative                                                                                             0.10% - 0.50%
     ----------------------------------------------------------------------------------------------------------------------------
      Mortality and Expense Risk                                                                                 0.00% - 2.05%
     ----------------------------------------------------------------------------------------------------------------------------
      Optional Death Benefit Rider                                                                               0.25%
     ----------------------------------------------------------------------------------------------------------------------------
      Earnings Preservation Benefit                                                                              0.25%
     ----------------------------------------------------------------------------------------------------------------------------
      Enhanced Stepped-Up Benefit Rider                                                                          0.10% - 0.35%
     ----------------------------------------------------------------------------------------------------------------------------
      Preservation and Growth Rider                                                                              1.15% - 1.80%
     ----------------------------------------------------------------------------------------------------------------------------
      The above referenced charges may not necessarily correspond to the costs
      associated with providing the services or benefits indicated by the
      designation of the charge or associated with a particular Contract. The
      range of the effective rates disclosed above excludes any waivers granted
      to certain Divisions.




                                    E-84



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



5.  EXPENSES & CONTRACT CHARGES -- (CONCLUDED)


The following optional rider charges paid to the Company are charged at each
Contract anniversary date through the redemption of units, which are recorded
as Contract charges in the accompanying statements of changes in net assets of
the applicable Divisions:

      Guaranteed Minimum Accumulation Benefit -- For an additional charge, the
      Company will guarantee that the Contract value will not be less than a
      guaranteed minimum amount at the end of a specified number of years.

      Lifetime Withdrawal Guarantee -- For an additional charge, the Company
      will guarantee the periodic return on the investment for life.

      Guaranteed Withdrawal Benefit -- For an additional charge, the Company
      will guarantee the periodic return on the investment.

      Guaranteed Minimum Income Benefit -- For an additional charge, the
      Company will guarantee a minimum payment regardless of market
      conditions.

      Enhanced Death Benefit -- For an additional charge, the amount of the
      death benefit will be the greater of the account value or the death
      benefit base.

      Enhanced Guaranteed Withdrawal Benefit -- For an additional charge, the
      Company will guarantee that at least the entire amount of purchase
      payments will be returned through a series of withdrawals without
      annuitizing.

      The table below represents the range of effective annual rates for each
      respective charge for the year ended December 31, 2019:



     ------------------------------------------------------------------------------------------------------------------------
      Guaranteed Minimum Accumulation Benefit                                                                 0.75%
     ------------------------------------------------------------------------------------------------------------------------
      Lifetime Withdrawal Guarantee                                                                           0.50% - 1.50%
     ------------------------------------------------------------------------------------------------------------------------
      Guaranteed Withdrawal Benefit                                                                           0.90%
     ------------------------------------------------------------------------------------------------------------------------
      Guaranteed Minimum Income Benefit                                                                       0.50% - 1.00%
     ------------------------------------------------------------------------------------------------------------------------
      Enhanced Death Benefit                                                                                  0.60% - 1.15%
     ------------------------------------------------------------------------------------------------------------------------
      Enhanced Guaranteed Withdrawal Benefit                                                                  0.50% - 0.55%
     ------------------------------------------------------------------------------------------------------------------------
      The above referenced charges may not necessarily correspond to the costs
      associated with providing the services or benefits indicated by the
      designation of the charge or associated with a particular Contract.

A Contract administrative charge which ranges from $0 to $30 is assessed on an
annual basis for Contracts with a value of less than $50,000, which may be
waived if the Contract reaches a certain asset size or under certain
circumstances. The Company reserves the right to charge a transfer fee ranging
from $0 to $25 after twelve transfers are made in a Contract year or, for
certain Contracts. Currently, the Company is not charging a transfer fee. These
charges are paid to the Company, assessed through redemption of units, and
recorded as Contract charges in the accompanying statements of changes in net
assets.

In addition, certain Contracts impose a surrender charge of 0% to 9% if the
Contract is partially or fully surrendered within the specified surrender
charge period. These charges are paid to the Company, assessed through
redemption of units, and recorded as Contract charges in the accompanying
statements of changes in net assets of the applicable Divisions for the years
ended December 31, 2019 and 2018.




                                    E-85



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



6.  STATEMENT OF INVESTMENTS




                                                                                                            FOR THE YEAR ENDED
                                                                       AS OF DECEMBER 31, 2019               DECEMBER 31, 2019
                                                                   ------------------------------    -------------------------------
                                                                                                         COST OF         PROCEEDS
                                                                      SHARES           COST ($)       PURCHASES ($)   FROM SALES ($)
                                                                   -------------    -------------    --------------   --------------

     American Funds(R) Bond Division.............................      7,007,636       76,649,100        9,411,388        11,852,965
     American Funds(R) Global Growth Division....................          7,535          192,165           24,373            98,691
     American Funds(R) Global Small Capitalization Division......     16,799,487      354,599,626       29,989,890        71,769,703
     American Funds(R) Growth Division...........................     12,698,873      787,644,377      115,751,626       155,327,087
     American Funds(R) Growth-Income Division....................     15,320,999      621,599,293       91,865,845       114,493,745
     BHFTI AB Global Dynamic Allocation Division.................    105,507,996    1,105,668,579       74,063,485       205,404,434
     BHFTI American Funds(R) Balanced Allocation Division........     77,759,606      733,379,201       79,699,549       122,845,937
     BHFTI American Funds(R) Growth Allocation Division..........     45,104,769      402,990,519       52,679,744        52,065,952
     BHFTI American Funds(R) Growth Division.....................     31,536,532      294,760,897       54,280,437        73,337,261
     BHFTI American Funds(R) Moderate Allocation Division........     78,937,690      741,989,781       64,069,665       118,868,015
     BHFTI AQR Global Risk Balanced Division.....................    112,126,577    1,157,089,004       31,272,780       157,728,056
     BHFTI BlackRock Global Tactical Strategies Division.........    155,515,639    1,545,394,003        3,415,535       258,025,293
     BHFTI BlackRock High Yield Division.........................         57,923          438,097           78,238            50,190
     BHFTI Brighthouse Asset Allocation 100 Division.............     18,585,691      215,029,188       36,772,711        30,380,719
     BHFTI Brighthouse Balanced Plus Division....................    300,618,274    3,190,416,712       73,029,702       442,197,200
     BHFTI Brighthouse Small Cap Value Division..................      1,148,573       16,918,965        1,954,489         2,059,552
     BHFTI Brighthouse/Aberdeen Emerging Markets
        Equity Division..........................................      4,159,495       40,527,049        1,320,905        10,359,883
     BHFTI Brighthouse/Artisan International Division............            165            1,689              129               590
     BHFTI Brighthouse/Eaton Vance Floating Rate Division........      2,638,814       27,064,256        2,324,712         5,460,911
     BHFTI Brighthouse/Franklin Low Duration Total Return
        Division.................................................      7,719,387       75,398,020       11,479,462        14,309,610
     BHFTI Brighthouse/Templeton International Bond Division.....        584,125        6,408,255          853,120         1,147,378
     BHFTI Brighthouse/Wellington Large Cap Research Division....     48,899,431      583,660,317       92,697,252        91,685,840
     BHFTI Clarion Global Real Estate Division...................     14,138,418      174,971,075        9,353,003        33,643,413
     BHFTI Harris Oakmark International Division.................     32,011,385      443,872,487       50,798,071        74,006,459
     BHFTI Invesco Balanced-Risk Allocation Division.............     45,681,848      465,061,445           64,720        67,566,876
     BHFTI Invesco Comstock Division.............................          4,108           60,533            8,999             4,881
     BHFTI Invesco Global Equity Division........................     11,261,764      200,306,203       40,463,965        40,048,274
     BHFTI Invesco Small Cap Growth Division.....................      4,256,460       58,008,339       12,781,291        11,014,498
     BHFTI JPMorgan Core Bond Division...........................      7,191,007       74,799,618        8,817,226        18,517,587
     BHFTI JPMorgan Global Active Allocation Division............     65,501,222      726,915,824       22,146,827       110,257,537
     BHFTI JPMorgan Small Cap Value Division.....................      1,287,283       19,163,251        3,330,571         3,190,399
     BHFTI Loomis Sayles Global Allocation Division..............      5,967,122       85,219,658       13,822,112        19,640,778
     BHFTI Loomis Sayles Growth Division.........................     27,940,198      378,326,974       73,239,594        81,221,618
     BHFTI MetLife Multi-Index Targeted Risk Division............     65,679,466      766,696,894       19,276,512       105,806,868
     BHFTI MFS(R) Research International Division................     13,015,710      145,631,901       11,345,848        27,833,044
     BHFTI Morgan Stanley Discovery Division.....................     19,694,895      293,808,542       95,421,091        69,790,073
     BHFTI PanAgora Global Diversified Risk Division.............      7,173,884       76,174,407        9,892,602        10,922,920
     BHFTI PIMCO Inflation Protected Bond Division...............     32,982,426      355,738,533       19,616,352        57,312,663
     BHFTI PIMCO Total Return Division...........................     60,588,138      710,612,605       40,125,032       122,116,494
     BHFTI Schroders Global Multi-Asset Division.................     61,192,339      714,733,624       11,842,366       120,995,123
     BHFTI SSGA Growth and Income ETF Division...................     56,589,422      624,057,092       52,685,280       125,911,920
     BHFTI SSGA Growth ETF Division..............................     11,439,484      127,913,051       13,457,554        18,392,812
     BHFTI T. Rowe Price Large Cap Value Division................         23,425          736,675          311,201            47,216
     BHFTI T. Rowe Price Mid Cap Growth Division.................     47,084,496      456,618,623       95,119,844        85,383,855
     BHFTI TCW Core Fixed Income Division........................         23,018          233,284          144,072           154,122
     BHFTI Victory Sycamore Mid Cap Value Division...............     19,243,148      334,601,526       18,505,937        57,891,865
     BHFTI Wells Capital Management Mid Cap Value Division.......         28,404          334,161           12,973            22,715
     BHFTI Western Asset Management Government
        Income Division..........................................     35,121,017      377,394,785       24,506,334        62,670,693
     BHFTII Baillie Gifford International Stock Division.........      9,169,004      100,178,857        9,859,146        17,364,402


(a)  Had no net assets at December 31, 2019.


(b)  For the period January 1, 2019 to April 26, 2019.



                                    E-86



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



6.  STATEMENT OF INVESTMENTS -- (CONTINUED)




                                                                                                           FOR THE YEAR ENDED
                                                                       AS OF DECEMBER 31, 2019              DECEMBER 31, 2019
                                                                   ------------------------------    -------------------------------
                                                                                                        COST OF          PROCEEDS
                                                                      SHARES          COST ($)       PURCHASES ($)    FROM SALES ($)
                                                                   -------------   --------------    -------------    --------------

     BHFTII BlackRock Bond Income Division.......................      3,583,247      380,945,939       27,232,541        55,943,923
     BHFTII BlackRock Capital Appreciation Division..............      4,656,849      151,021,100       43,092,779        41,134,468
     BHFTII BlackRock Ultra-Short Term Bond Division.............        441,912       44,464,137       15,175,493        20,702,106
     BHFTII Brighthouse Asset Allocation 20 Division.............     29,219,999      318,654,610       25,046,427        62,500,072
     BHFTII Brighthouse Asset Allocation 40 Division.............     78,769,346      867,241,558       72,602,436       158,192,788
     BHFTII Brighthouse Asset Allocation 60 Division.............    261,776,979    2,918,229,343      327,472,540       543,156,633
     BHFTII Brighthouse Asset Allocation 80 Division.............    124,507,192    1,467,173,567      201,356,518       216,447,513
     BHFTII Brighthouse/Artisan Mid Cap Value Division...........        831,105      179,804,820       25,143,783        26,110,103
     BHFTII Brighthouse/Dimensional International Small
       Company Division..........................................        638,042        8,608,536        1,104,373         1,454,545
     BHFTII Brighthouse/Wellington Balanced Division.............     28,587,092      497,453,225       49,949,312        65,722,618
     BHFTII Brighthouse/Wellington Core Equity
       Opportunities Division....................................     14,827,107      441,123,530       57,422,658        94,002,951
     BHFTII Frontier Mid Cap Growth Division.....................     13,381,477      377,386,126       66,059,565        65,367,200
     BHFTII Jennison Growth Division.............................     13,161,528      186,974,297       47,709,263        47,492,431
     BHFTII Loomis Sayles Small Cap Core Division................        626,259      148,533,213       19,303,073        24,180,789
     BHFTII Loomis Sayles Small Cap Growth Division..............      4,331,925       54,877,311       13,521,295        14,019,571
     BHFTII MetLife Aggregate Bond Index Division................     87,384,726      942,046,697       67,633,793       138,618,656
     BHFTII MetLife Mid Cap Stock Index Division.................     27,775,921      422,998,147       61,457,288        71,614,058
     BHFTII MetLife MSCI EAFE(R) Index Division..................     32,693,730      389,374,100       21,682,085        59,004,274
     BHFTII MetLife Russell 2000(R) Index Division...............     16,587,895      264,727,158       42,712,023        47,175,034
     BHFTII MetLife Stock Index Division.........................     55,275,981    1,986,549,765      306,128,187       439,516,084
     BHFTII MFS(R) Total Return Division.........................        724,777      107,556,489       10,367,461        18,826,766
     BHFTII MFS(R) Value Division................................     40,944,052      614,965,261       62,479,581       108,450,180
     BHFTII Neuberger Berman Genesis Division....................     14,031,814      234,179,215       43,645,400        43,924,147
     BHFTII T. Rowe Price Large Cap Growth Division..............     27,951,326      558,397,895      112,520,602        88,289,958
     BHFTII T. Rowe Price Small Cap Growth Division..............     19,576,048      358,805,220       69,589,519        62,789,018
     BHFTII Van Eck Global Natural Resources Division............      3,155,202       34,850,832        3,556,807         3,751,932
     BHFTII Western Asset Management Strategic Bond
       Opportunities Division....................................     30,811,921      396,417,154       30,704,526        67,263,271
     BHFTII Western Asset Management U.S. Government
       Division..................................................     11,039,662      131,661,870       14,697,034        25,657,264
     BlackRock Global Allocation V.I. Division...................          7,047          102,383            5,934             2,568
     Calvert VP SRI Balanced Division............................     23,111,847       45,529,187        5,532,074         5,318,317
     Calvert VP SRI Mid Cap Division.............................        245,412        7,401,023          956,995         1,472,110
     Delaware VIP Small Cap Value Division.......................             18              662            1,200             8,236
     Fidelity(R) VIP Contrafund Division.........................         19,884          624,355           93,245            79,215
     Fidelity(R) VIP Equity-Income Division......................      2,829,282       61,523,621        6,169,312        13,171,094
     Fidelity(R) VIP Freedom 2020 Division.......................        212,363        2,762,287        2,089,127           413,285
     Fidelity(R) VIP Freedom 2025 Division.......................        240,439        3,355,396        2,482,961           305,195
     Fidelity(R) VIP Freedom 2030 Division.......................        283,665        3,797,446        1,292,716           495,554
     Fidelity(R) VIP Freedom 2035 Division.......................         20,652          470,765          389,241            36,863
     Fidelity(R) VIP Freedom 2040 Division.......................         56,551        1,141,483          641,388             5,744
     Fidelity(R) VIP Freedom 2045 Division.......................         37,114          782,725          663,153            22,441
     Fidelity(R) VIP Freedom 2050 Division.......................         66,589        1,239,357          959,137           104,780
     Fidelity(R) VIP FundsManager 50% Division...................     20,588,201      243,763,585       29,343,431        48,696,287
     Fidelity(R) VIP FundsManager 60% Division...................     23,484,406      238,906,996       42,508,338        34,581,219
     Fidelity(R) VIP Government Money Market Division............      5,414,916        5,414,916        2,586,428         2,527,153
     Fidelity(R) VIP Growth Division.............................      1,245,983       60,512,673        6,768,073        17,442,395
     Fidelity(R) VIP Investment Grade Bond Division..............        683,860        8,766,560        1,264,971         1,665,742


(a)  Had no net assets at December 31, 2019.


(b)  For the period January 1, 2019 to April 26, 2019.






                                    E-87



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



6.  STATEMENT OF INVESTMENTS -- (CONCLUDED)






                                                                     AS OF DECEMBER 31, 2019
                                                                -------------------------------

                                                                    SHARES          COST ($)
                                                                --------------   --------------

     Fidelity(R) VIP Mid Cap Division.........................          13,990          432,313
     FTVIPT Templeton Developing Markets VIP Division.........           4,417           33,808
     FTVIPT Templeton Foreign VIP Division....................              --               --
     Ivy VIP Asset Strategy Division..........................             219            2,185
     Janus Henderson Enterprise Division......................           1,646          105,650
     LMPVET ClearBridge Variable Appreciation Division........           1,155           43,632
     LMPVET ClearBridge Variable Dividend Strategy Division...           3,616           60,094
     LMPVET ClearBridge Variable Large Cap Growth Division....          15,431          360,272
     LMPVET ClearBridge Variable Small Cap Growth Division....           1,581           39,936
     LMPVIT Western Asset Core Plus Division..................           6,797           39,669
     Morgan Stanley VIF Global Infrastructure Division........           8,527           65,889
     Oppenheimer Global Multi-Alternatives Fund/VA Division...              --               --
     PIMCO VIT CommodityRealReturn(R) Strategy Division.......           5,492           42,120
     PIMCO VIT Dynamic Bond Division..........................           8,215           84,027
     PIMCO VIT Emerging Markets Bond Division.................           4,563           58,279
     TAP 1919 Variable Socially Responsive Balanced Division..           1,008           27,774


                                                                        FOR THE YEAR ENDED
                                                                         DECEMBER 31, 2019
                                                                ------------------------------------
                                                                    COST OF           PROCEEDS
                                                                 PURCHASES ($)     FROM SALES ($)
                                                                -----------------  -----------------

     Fidelity(R) VIP Mid Cap Division.........................          55,432             66,866
     FTVIPT Templeton Developing Markets VIP Division.........           1,162            107,549
     FTVIPT Templeton Foreign VIP Division....................              --(a)             654(a)
     Ivy VIP Asset Strategy Division..........................             203                440
     Janus Henderson Enterprise Division......................          45,587             46,493
     LMPVET ClearBridge Variable Appreciation Division........           4,266              1,632
     LMPVET ClearBridge Variable Dividend Strategy Division...           6,692              8,275
     LMPVET ClearBridge Variable Large Cap Growth Division....          40,378            189,957
     LMPVET ClearBridge Variable Small Cap Growth Division....          26,629                563
     LMPVIT Western Asset Core Plus Division..................           2,956             51,908
     Morgan Stanley VIF Global Infrastructure Division........           5,206             10,296
     Oppenheimer Global Multi-Alternatives Fund/VA Division...             170(b)          15,497(b)
     PIMCO VIT CommodityRealReturn(R) Strategy Division.......           2,537              5,499
     PIMCO VIT Dynamic Bond Division..........................           4,124              4,121
     PIMCO VIT Emerging Markets Bond Division.................           2,783             10,736
     TAP 1919 Variable Socially Responsive Balanced Division..           3,162              4,867



(a)  Had no net assets at December 31, 2019.


(b)  For the period January 1, 2019 to April 26, 2019.



                                    E-88



This page is intentionally left blank.



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



7.  SCHEDULES OF UNITS
    FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018:




                                                                         AMERICAN FUNDS(R)              AMERICAN FUNDS(R)
                                       AMERICAN FUNDS(R) BOND              GLOBAL GROWTH           GLOBAL SMALL CAPITALIZATION
                                              DIVISION                       DIVISION                       DIVISION
                                   ------------------------------  -----------------------------  ------------------------------
                                        2019            2018           2019            2018            2019            2018
                                   --------------  --------------  -------------  --------------  --------------  --------------


Units beginning of year..........       4,211,306       4,884,182         48,260          64,628      10,120,809      11,417,354
Units issued and transferred
   from other funding options....         670,273         592,038          1,057           2,150         428,967       1,038,985
Units redeemed and transferred
   to other funding options......       (839,479)     (1,264,914)       (14,555)        (18,518)     (1,842,603)     (2,335,530)
                                   --------------  --------------  -------------  --------------  --------------  --------------
Units end of year................       4,042,100       4,211,306         34,762          48,260       8,707,173      10,120,809
                                   ==============  ==============  =============  ==============  ==============  ==============



                                                                          AMERICAN FUNDS(R)               BHFTI AB GLOBAL
                                      AMERICAN FUNDS(R) GROWTH              GROWTH-INCOME               DYNAMIC ALLOCATION
                                              DIVISION                        DIVISION                       DIVISION
                                   ------------------------------  ------------------------------  ------------------------------
                                        2019            2018            2019            2018            2019            2018
                                   --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year..........       2,922,123       3,364,829       3,405,907       3,958,831     102,653,570     116,190,138
Units issued and transferred
   from other funding options....         151,724         275,064         152,048         307,288         870,837       1,371,296
Units redeemed and transferred
   to other funding options......       (513,752)       (717,770)       (577,806)       (860,212)    (14,099,047)    (14,907,864)
                                   --------------  --------------  --------------  --------------  --------------  --------------
Units end of year................       2,560,095       2,922,123       2,980,149       3,405,907      89,425,360     102,653,570
                                   ==============  ==============  ==============  ==============  ==============  ==============



                                      BHFTI AMERICAN FUNDS(R)          BHFTI AMERICAN FUNDS(R)                  BHFTI
                                        BALANCED ALLOCATION               GROWTH ALLOCATION           AMERICAN FUNDS(R) GROWTH
                                             DIVISION                         DIVISION                        DIVISION
                                   ------------------------------  ------------------------------  ------------------------------
                                        2019            2018            2019            2018            2019            2018
                                   --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year..........      51,701,013      58,085,561      25,965,628      28,757,029      16,299,179      20,103,266
Units issued and transferred
   from other funding options....       2,747,523       3,854,941       1,266,344       2,638,905       1,025,210       1,091,340
Units redeemed and transferred
   to other funding options......     (9,110,829)    (10,239,489)     (3,411,644)     (5,430,306)     (3,927,960)     (4,895,427)
                                   --------------  --------------  --------------  --------------  --------------  --------------
Units end of year................      45,337,707      51,701,013      23,820,328      25,965,628      13,396,429      16,299,179
                                   ==============  ==============  ==============  ==============  ==============  ==============



                                               BHFTI                        BHFTI AQR                 BHFTI BLACKROCK GLOBAL
                                    AMERICAN FUNDS(R) MODERATE        GLOBAL RISK BALANCED              TACTICAL STRATEGIES
                                        ALLOCATION DIVISION                 DIVISION                         DIVISION
                                   -----------------------------  ------------------------------  ------------------------------
                                        2019           2018            2019            2018            2019            2018
                                   --------------  -------------  --------------  --------------  --------------  --------------


Units beginning of year..........      54,921,254     63,563,450      91,641,725     104,234,505     135,196,017     151,440,679
Units issued and transferred
   from other funding options....       1,619,384      1,738,313       1,112,229       1,605,624       1,339,723       2,017,820
Units redeemed and transferred
   to other funding options......     (8,492,446)   (10,380,509)    (12,892,449)    (14,198,404)    (18,612,389)    (18,262,482)
                                   --------------  -------------  --------------  --------------  --------------  --------------
Units end of year................      48,048,192     54,921,254      79,861,505      91,641,725     117,923,351     135,196,017
                                   ==============  =============  ==============  ==============  ==============  ==============



                                              BHFTI                     BHFTI BRIGHTHOUSE                    BHFTI
                                      BLACKROCK HIGH YIELD            ASSET ALLOCATION 100         BRIGHTHOUSE BALANCED PLUS
                                            DIVISION                        DIVISION                       DIVISION
                                 ------------------------------  ------------------------------  ------------------------------
                                      2019            2018            2019            2018            2019            2018
                                 --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........          36,446          33,615      10,018,424      10,787,709     237,803,627     254,482,460
Units issued and transferred
   from other funding options..          14,229           6,468         778,452       2,043,373       6,025,734      12,793,387
Units redeemed and transferred
   to other funding options....         (4,895)         (3,637)     (1,525,172)     (2,812,658)    (31,211,757)    (29,472,220)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............          45,780          36,446       9,271,704      10,018,424     212,617,604     237,803,627
                                 ==============  ==============  ==============  ==============  ==============  ==============



                                             BHFTI                BHFTI BRIGHTHOUSE/ABERDEEN      BHFTI BRIGHTHOUSE/ARTISAN
                                  BRIGHTHOUSE SMALL CAP VALUE       EMERGING MARKETS EQUITY             INTERNATIONAL
                                           DIVISION                        DIVISION                       DIVISION
                                 -----------------------------  ------------------------------  ------------------------------
                                     2019            2018            2019            2018            2019            2018
                                 -------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........        568,395         611,465       4,595,166       4,781,863             208             256
Units issued and transferred
   from other funding options..         38,087          76,349         311,680         898,119               9              23
Units redeemed and transferred
   to other funding options....       (99,352)       (119,419)     (1,124,282)     (1,084,816)            (48)            (71)
                                 -------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............        507,130         568,395       3,782,564       4,595,166             169             208
                                 =============  ==============  ==============  ==============  ==============  ==============



                                       BHFTI BRIGHTHOUSE/          BHFTI BRIGHTHOUSE/FRANKLIN     BHFTI BRIGHTHOUSE/TEMPLETON
                                    EATON VANCE FLOATING RATE       LOW DURATION TOTAL RETURN         INTERNATIONAL BOND
                                            DIVISION                        DIVISION                       DIVISION
                                 ------------------------------  ------------------------------  ------------------------------
                                      2019            2018            2019            2018            2019            2018
                                 --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........       2,481,218       2,489,148       7,585,943       8,361,024         489,079         589,796
Units issued and transferred
   from other funding options..         229,372         657,891       1,612,818       1,481,790          59,554          45,315
Units redeemed and transferred
   to other funding options....       (559,085)       (665,821)     (2,047,054)     (2,256,871)       (116,121)       (146,032)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............       2,151,505       2,481,218       7,151,707       7,585,943         432,512         489,079
                                 ==============  ==============  ==============  ==============  ==============  ==============



                                   BHFTI BRIGHTHOUSE/WELLINGTON                 BHFTI                          BHFTI
                                        LARGE CAP RESEARCH           CLARION GLOBAL REAL ESTATE    HARRIS OAKMARK INTERNATIONAL
                                             DIVISION                         DIVISION                       DIVISION
                                 --------------------------------  ------------------------------  ------------------------------
                                      2019             2018             2019            2018            2019            2018
                                  --------------  --------------   --------------  --------------  --------------  --------------


Units beginning of year........       10,177,126      11,512,938        9,504,197      10,875,352      15,932,818      16,803,885
Units issued and transferred
   from other funding options..          259,230         313,753          555,270         847,383       1,286,850       2,917,904
Units redeemed and transferred
   to other funding options....      (1,445,291)     (1,649,565)      (1,898,093)     (2,218,538)     (3,399,842)     (3,788,971)
                                  --------------  --------------   --------------  --------------  --------------  --------------
Units end of year..............        8,991,065      10,177,126        8,161,374       9,504,197      13,819,826      15,932,818
                                  ==============  ==============   ==============  ==============  ==============  ==============


(a) For the period April 30, 2018 to December 31, 2018.


(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



                                    E-90



                                    E-91



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



7.  SCHEDULES OF UNITS -- (CONTINUED)
    FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018:




                                           BHFTI INVESCO                                                  BHFTI INVESCO
                                     BALANCED-RISK ALLOCATION         BHFTI INVESCO COMSTOCK              GLOBAL EQUITY
                                             DIVISION                        DIVISION                       DIVISION
                                   ------------------------------  -----------------------------  ------------------------------
                                        2019            2018           2019            2018            2019            2018
                                   --------------  --------------  -------------  --------------  --------------  --------------


Units beginning of year..........     401,048,107     445,688,739          6,957          10,379      16,358,866      15,776,074
Units issued and transferred
   from other funding options....      10,424,111      20,645,988            165             810       2,187,380       3,565,405
Units redeemed and transferred
   to other funding options......    (59,570,721)    (65,286,620)          (934)         (4,232)     (3,363,764)     (2,982,613)
                                   --------------  --------------  -------------  --------------  --------------  --------------
Units end of year................     351,901,497     401,048,107          6,188           6,957      15,182,482      16,358,866
                                   ==============  ==============  =============  ==============  ==============  ==============



                                                BHFTI                          BHFTI                     BHFTI JPMORGAN
                                      INVESCO SMALL CAP GROWTH          JPMORGAN CORE BOND          GLOBAL ACTIVE ALLOCATION
                                              DIVISION                       DIVISION                       DIVISION
                                   ------------------------------  -----------------------------  -----------------------------
                                        2019            2018            2019           2018            2019            2018
                                   --------------  --------------  -------------  --------------  --------------  -------------


Units beginning of year..........       1,509,587       1,615,884      7,254,348       8,421,961     605,342,000    606,636,328
Units issued and transferred
   from other funding options....         193,080         377,544      1,181,810       1,018,129      10,205,581     81,237,942
Units redeemed and transferred
   to other funding options......       (367,157)       (483,841)    (2,228,428)     (2,185,742)    (81,070,844)   (82,532,270)
                                   --------------  --------------  -------------  --------------  --------------  -------------
Units end of year................       1,335,510       1,509,587      6,207,730       7,254,348     534,476,737    605,342,000
                                   ==============  ==============  =============  ==============  ==============  =============



                                              BHFTI                   BHFTI LOOMIS SAYLES                BHFTI LOOMIS
                                    JPMORGAN SMALL CAP VALUE           GLOBAL ALLOCATION                 SAYLES GROWTH
                                            DIVISION                       DIVISION                        DIVISION
                                 ------------------------------  -----------------------------  ------------------------------
                                      2019            2018            2019           2018            2019            2018
                                 --------------  --------------  --------------  -------------  --------------  --------------


Units beginning of year........         876,517       1,036,634       4,983,673      5,880,789      24,657,864      29,749,965
Units issued and transferred
   from other funding options..         136,336         112,636         384,120        461,247       1,592,871       1,971,212
Units redeemed and transferred
   to other funding options....       (204,528)       (272,753)     (1,033,065)    (1,358,363)     (5,243,149)     (7,063,313)
                                 --------------  --------------  --------------  -------------  --------------  --------------
Units end of year..............         808,325         876,517       4,334,728      4,983,673      21,007,586      24,657,864
                                 ==============  ==============  ==============  =============  ==============  ==============



                                          BHFTI METLIFE                  BHFTI MFS(R)                    BHFTI MORGAN
                                    MULTI-INDEX TARGETED RISK       RESEARCH INTERNATIONAL             STANLEY DISCOVERY
                                            DIVISION                       DIVISION                        DIVISION
                                 ------------------------------  ------------------------------  -----------------------------
                                      2019            2018            2019            2018           2019            2018
                                 --------------  --------------  --------------  --------------  -------------  --------------


Units beginning of year........     638,887,551     689,687,735      10,106,842      11,333,543     12,304,050      13,380,312
Units issued and transferred
   from other funding options..      21,541,522      42,420,641         388,620       2,061,420      1,368,628       1,750,935
Units redeemed and transferred
   to other funding options....    (87,463,367)    (93,220,825)     (1,729,552)     (3,288,121)    (2,622,751)     (2,827,197)
                                 --------------  --------------  --------------  --------------  -------------  --------------
Units end of year..............     572,965,706     638,887,551       8,765,910      10,106,842     11,049,927      12,304,050
                                 ==============  ==============  ==============  ==============  =============  ==============



                                         BHFTI PANAGORA                   BHFTI PIMCO                    BHFTI PIMCO
                                     GLOBAL DIVERSIFIED RISK       INFLATION PROTECTED BOND             TOTAL RETURN
                                            DIVISION                       DIVISION                       DIVISION
                                  -----------------------------  -----------------------------  -----------------------------
                                       2019           2018           2019            2018            2019           2018
                                  --------------  -------------  -------------  -------------   --------------  -------------


Units beginning of year.........      67,228,731     80,775,666     23,939,621     28,145,710       41,842,651     49,441,770
Units issued and transferred
   from other funding options...      10,882,009      4,141,274      2,100,645      2,367,559        3,904,769      5,135,111
Units redeemed and transferred
   to other funding options.....    (13,195,193)   (17,688,209)    (5,068,732)    (6,573,648)      (9,073,364)   (12,734,230)
                                  --------------  -------------  -------------  -------------   --------------  -------------
Units end of year...............      64,915,547     67,228,731     20,971,534     23,939,621       36,674,056     41,842,651
                                  ==============  =============  =============  =============   ==============  =============



                                              BHFTI                       BHFTI SSGA
                                  SCHRODERS GLOBAL MULTI-ASSET       GROWTH AND INCOME ETF          BHFTI SSGA GROWTH ETF
                                            DIVISION                       DIVISION                       DIVISION
                                  -----------------------------  -----------------------------  ----------------------------
                                      2019            2018            2019           2018           2019            2018
                                  -------------  -------------   --------------  -------------  -------------  -------------


Units beginning of year.........    601,844,418    395,258,412       41,641,734     49,193,853      7,753,198      8,624,728
Units issued and transferred
   from other funding options...      7,874,018    300,782,846          929,551      1,146,995        247,499        566,355
Units redeemed and transferred
   to other funding options.....   (85,668,403)   (94,196,840)      (7,328,325)    (8,699,114)    (1,044,218)    (1,437,885)
                                  -------------  -------------   --------------  -------------  -------------  -------------
Units end of year...............    524,050,033    601,844,418       35,242,960     41,641,734      6,956,479      7,753,198
                                  =============  =============   ==============  =============  =============  =============




                                        BHFTI T. ROWE PRICE            BHFTI T. ROWE PRICE                 BHFTI TCW
                                          LARGE CAP VALUE                MID CAP GROWTH                CORE FIXED INCOME
                                             DIVISION                       DIVISION                       DIVISION
                                   -----------------------------  -----------------------------  -----------------------------
                                       2019            2018            2019            2018           2019           2018
                                   -------------  --------------  --------------  -------------  --------------  -------------


Units beginning of year..........         20,996          23,096      19,059,742     21,768,491          23,865         25,274
Units issued and transferred
   from other funding options....         13,057             551       1,580,099      2,414,342          13,466             --
Units redeemed and transferred
   to other funding options......          (969)         (2,651)     (4,221,463)    (5,123,091)        (14,814)        (1,409)
                                   -------------  --------------  --------------  -------------  --------------  -------------
Units end of year................         33,084          20,996      16,418,378     19,059,742          22,517         23,865
                                   =============  ==============  ==============  =============  ==============  =============



                                                                                                          BHFTI WESTERN
                                            BHFTI VICTORY               BHFTI WELLS CAPITAL             ASSET MANAGEMENT
                                       SYCAMORE MID CAP VALUE        MANAGEMENT MID CAP VALUE           GOVERNMENT INCOME
                                              DIVISION                       DIVISION                       DIVISION
                                   ------------------------------  -----------------------------  -----------------------------
                                        2019            2018            2019           2018           2019            2018
                                   --------------  --------------  -------------  --------------  -------------  --------------


Units beginning of year..........       9,098,703      10,507,414         12,534          12,681     36,441,983      41,565,748
Units issued and transferred
   from other funding options....         365,663         724,755             47             293      4,186,285       2,542,786
Units redeemed and transferred
   to other funding options......     (1,592,344)     (2,133,466)          (639)           (440)    (8,064,249)     (7,666,551)
                                   --------------  --------------  -------------  --------------  -------------  --------------
Units end of year................       7,872,022       9,098,703         11,942          12,534     32,564,019      36,441,983
                                   ==============  ==============  =============  ==============  =============  ==============


(a) For the period April 30, 2018 to December 31, 2018.


(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



                                    E-92



                                    E-93



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



7.  SCHEDULES OF UNITS -- (CONTINUED)
    FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018:




                                     BHFTII BAILLIE GIFFORD             BHFTII BLACKROCK                BHFTII BLACKROCK
                                       INTERNATIONAL STOCK                 BOND INCOME                CAPITAL APPRECIATION
                                            DIVISION                        DIVISION                        DIVISION
                                 ------------------------------  ------------------------------  ------------------------------
                                      2019            2018            2019            2018            2019            2018
                                 --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........       6,925,281       7,456,089       8,252,602       9,495,090       4,857,860       5,314,588
Units issued and transferred
   from other funding options..         297,682       1,204,756         742,879       1,802,873         453,331       2,675,802
Units redeemed and transferred
   to other funding options....     (1,105,617)     (1,735,564)     (1,523,292)     (3,045,361)     (1,048,677)     (3,132,530)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............       6,117,346       6,925,281       7,472,189       8,252,602       4,262,514       4,857,860
                                 ==============  ==============  ==============  ==============  ==============  ==============



                                        BHFTII BLACKROCK               BHFTII BRIGHTHOUSE              BHFTII BRIGHTHOUSE
                                      ULTRA-SHORT TERM BOND            ASSET ALLOCATION 20             ASSET ALLOCATION 40
                                            DIVISION                        DIVISION                        DIVISION
                                 ------------------------------  ------------------------------  ------------------------------
                                      2019            2018            2019            2018            2019            2018
                                 --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........       3,622,610       4,077,356      22,770,094      26,632,640      57,833,464      68,087,417
Units issued and transferred
   from other funding options..         986,149       2,037,543       1,698,788       1,329,149       1,553,899       1,753,329
Units redeemed and transferred
   to other funding options....     (1,353,119)     (2,492,289)     (4,816,224)     (5,191,695)     (9,590,594)    (12,007,282)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............       3,255,640       3,622,610      19,652,658      22,770,094      49,796,769      57,833,464
                                 ==============  ==============  ==============  ==============  ==============  ==============




                                       BHFTII BRIGHTHOUSE              BHFTII BRIGHTHOUSE          BHFTII BRIGHTHOUSE/ARTISAN
                                       ASSET ALLOCATION 60             ASSET ALLOCATION 80                MID CAP VALUE
                                            DIVISION                        DIVISION                        DIVISION
                                 ------------------------------  ------------------------------  ------------------------------
                                      2019            2018            2019            2018            2019            2018
                                 --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........     183,867,868     213,872,364      85,633,821      98,239,149       4,305,631       4,884,190
Units issued and transferred
   from other funding options..       4,644,425       6,410,243       2,231,120       3,264,001         160,672       1,250,707
Units redeemed and transferred
   to other funding options....    (30,915,508)    (36,414,739)    (11,530,046)    (15,869,329)       (658,636)     (1,829,266)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............     157,596,785     183,867,868      76,334,895      85,633,821       3,807,667       4,305,631
                                 ==============  ==============  ==============  ==============  ==============  ==============



                                      BHFTII BRIGHTHOUSE/                                             BHFTII BRIGHTHOUSE/
                                   DIMENSIONAL INTERNATIONAL          BHFTII BRIGHTHOUSE/           WELLINGTON CORE EQUITY
                                         SMALL COMPANY                WELLINGTON BALANCED                OPPORTUNITIES
                                           DIVISION                        DIVISION                        DIVISION
                                 ------------------------------  ------------------------------  ------------------------------
                                      2019            2018            2019            2018            2019            2018
                                 --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........         342,338         353,646       9,307,629      10,336,562       9,569,314      11,256,241
Units issued and transferred
   from other funding options..          35,445          75,651         265,973         278,076         428,911       2,597,736
Units redeemed and transferred
   to other funding options....        (78,544)        (86,959)     (1,122,358)     (1,307,009)     (1,758,351)     (4,284,663)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............         299,239         342,338       8,451,244       9,307,629       8,239,874       9,569,314
                                 ==============  ==============  ==============  ==============  ==============  ==============



                                          BHFTII FRONTIER                                                   BHFTII
                                          MID CAP GROWTH             BHFTII JENNISON GROWTH      LOOMIS SAYLES SMALL CAP CORE
                                             DIVISION                       DIVISION                       DIVISION
                                   -----------------------------  -----------------------------  ------------------------------
                                        2019           2018            2019            2018           2019            2018
                                   --------------  -------------  --------------  -------------  --------------  --------------


Units beginning of year..........       6,195,073      6,921,843      13,877,939     14,946,828       3,400,873       3,862,700
Units issued and transferred
   from other funding options....         173,738        175,275       2,194,603      4,054,234         119,221       1,547,099
Units redeemed and transferred
   to other funding options......       (838,817)      (902,045)     (4,198,447)    (5,123,123)       (490,472)     (2,008,926)
                                   --------------  -------------  --------------  -------------  --------------  --------------
Units end of year................       5,529,994      6,195,073      11,874,095     13,877,939       3,029,622       3,400,873
                                   ==============  =============  ==============  =============  ==============  ==============



                                           BHFTII LOOMIS                  BHFTII METLIFE                 BHFTII METLIFE
                                      SAYLES SMALL CAP GROWTH          AGGREGATE BOND INDEX            MID CAP STOCK INDEX
                                             DIVISION                        DIVISION                       DIVISION
                                   ------------------------------  -----------------------------  -----------------------------
                                        2019            2018           2019            2018           2019            2018
                                   --------------  --------------  -------------  --------------  -------------  --------------


Units beginning of year..........       2,501,161       2,468,467     56,750,323      64,574,871     14,264,640      16,065,965
Units issued and transferred
   from other funding options....         239,418         851,282      5,972,698       6,508,568        995,164       1,482,360
Units redeemed and transferred
   to other funding options......       (613,480)       (818,588)   (10,928,846)    (14,333,116)    (2,585,548)     (3,283,685)
                                   --------------  --------------  -------------  --------------  -------------  --------------
Units end of year................       2,127,099       2,501,161     51,794,175      56,750,323     12,674,256      14,264,640
                                   ==============  ==============  =============  ==============  =============  ==============



                                               BHFTII                          BHFTII                           BHFTII
                                     METLIFE MSCI EAFE(R) INDEX     METLIFE RUSSELL 2000(R) INDEX         METLIFE STOCK INDEX
                                              DIVISION                        DIVISION                         DIVISION
                                   ------------------------------  -------------------------------  ------------------------------
                                        2019            2018            2019            2018             2019            2018
                                   --------------  --------------  --------------  --------------   --------------  --------------


Units beginning of year..........      28,690,901      30,129,062       9,453,823      10,459,851       33,091,820      37,306,057
Units issued and transferred
   from other funding options....       1,816,465       3,860,582         768,332       1,324,048        1,619,091       2,803,382
Units redeemed and transferred
   to other funding options......     (4,654,835)     (5,298,743)     (1,737,343)     (2,330,076)      (5,682,346)     (7,017,619)
                                   --------------  --------------  --------------  --------------   --------------  --------------
Units end of year................      25,852,531      28,690,901       8,484,812       9,453,823       29,028,565      33,091,820
                                   ==============  ==============  ==============  ==============   ==============  ==============



                                               BHFTII                                                          BHFTII
                                         MFS(R) TOTAL RETURN             BHFTII MFS(R) VALUE          NEUBERGER BERMAN GENESIS
                                              DIVISION                        DIVISION                        DIVISION
                                   ------------------------------  ------------------------------  ------------------------------
                                        2019            2018            2019            2018            2019            2018
                                   --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year..........       3,322,036       3,778,366      52,559,197      20,677,338       8,679,175       9,828,019
Units issued and transferred
   from other funding options....         150,322       1,378,803       4,741,036      43,375,774         382,726         969,840
Units redeemed and transferred
   to other funding options......       (577,736)     (1,835,133)     (9,955,109)    (11,493,915)     (1,416,864)     (2,118,684)
                                   --------------  --------------  --------------  --------------  --------------  --------------
Units end of year................       2,894,622       3,322,036      47,345,124      52,559,197       7,645,037       8,679,175
                                   ==============  ==============  ==============  ==============  ==============  ==============

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



                                    E-94



                                    E-95



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



7.  SCHEDULES OF UNITS -- (CONTINUED)
    FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018:





                                     BHFTII T. ROWE PRICE            BHFTII T. ROWE PRICE               BHFTII VAN ECK
                                       LARGE CAP GROWTH                SMALL CAP GROWTH            GLOBAL NATURAL RESOURCES
                                           DIVISION                        DIVISION                        DIVISION
                                 -----------------------------  ------------------------------  ------------------------------
                                      2019           2018            2019            2018            2019            2018
                                 --------------  -------------  --------------  --------------  --------------  --------------


Units beginning of year........      17,216,055     18,998,068       9,657,475      10,715,353       2,687,622       2,921,930
Units issued and transferred
   from other funding options..       1,840,284      2,419,023         729,318         990,362         721,008         562,897
Units redeemed and transferred
   to other funding options....     (3,578,682)    (4,201,036)     (1,766,432)     (2,048,240)       (706,974)       (797,205)
                                 --------------  -------------  --------------  --------------  --------------  --------------
Units end of year..............      15,477,657     17,216,055       8,620,361       9,657,475       2,701,656       2,687,622
                                 ==============  =============  ==============  ==============  ==============  ==============



                                     BHFTII WESTERN ASSET
                                     MANAGEMENT STRATEGIC             BHFTII WESTERN ASSET                   BLACKROCK
                                      BOND OPPORTUNITIES           MANAGEMENT U.S. GOVERNMENT         GLOBAL ALLOCATION V.I.
                                           DIVISION                         DIVISION                         DIVISION
                                 ------------------------------  -------------------------------  ------------------------------
                                      2019           2018             2019            2018             2019            2018
                                 --------------  --------------  --------------  --------------   --------------  --------------


Units beginning of year........      13,731,347      15,854,082       7,773,582       9,021,983            4,210           4,188
Units issued and transferred
   from other funding options..       1,279,420       1,926,343       1,234,628       1,233,035               38           1,095
Units redeemed and transferred
   to other funding options....     (2,647,765)     (4,049,078)     (1,929,753)     (2,481,436)             (57)         (1,073)
                                 --------------  --------------  --------------  --------------   --------------  --------------
Units end of year..............      12,363,002      13,731,347       7,078,457       7,773,582            4,191           4,210
                                 ==============  ==============  ==============  ==============   ==============  ==============



                                                                                                            DELAWARE
                                    CALVERT VP SRI BALANCED          CALVERT VP SRI MID CAP            VIP SMALL CAP VALUE
                                           DIVISION                         DIVISION                        DIVISION
                                 ------------------------------  -------------------------------  ------------------------------
                                      2019            2018            2019             2018            2019            2018
                                 --------------  --------------  --------------  ---------------  --------------  --------------


Units beginning of year........       1,063,592       1,186,460         126,305          145,874           5,992          14,842
Units issued and transferred
   from other funding options..          90,694          53,540           5,443            8,709             317           1,043
Units redeemed and transferred
   to other funding options....       (123,996)       (176,408)        (22,457)         (28,278)         (5,861)         (9,893)
                                 --------------  --------------  --------------  ---------------  --------------  --------------
Units end of year..............       1,030,290       1,063,592         109,291          126,305             448           5,992
                                 ==============  ==============  ==============  ===============  ==============  ==============



                                           FIDELITY(R)
                                         VIP CONTRAFUND           FIDELITY(R) VIP EQUITY-INCOME    FIDELITY(R) VIP FREEDOM 2020
                                            DIVISION                        DIVISION                         DIVISION
                                 -------------------------------  ------------------------------  -------------------------------
                                      2019            2018             2019            2018            2019            2018
                                 --------------  ---------------  --------------  --------------  --------------  ---------------


Units beginning of year........          72,718           89,664       1,815,376       2,048,365          56,275           63,006
Units issued and transferred
   from other funding options..           1,684            2,826          30,454       1,160,922          99,330           19,669
Units redeemed and transferred
   to other funding options....         (7,748)         (19,772)       (301,206)     (1,393,911)        (20,051)         (26,400)
                                 --------------  ---------------  --------------  --------------  --------------  ---------------
Units end of year..............          66,654           72,718       1,544,624       1,815,376         135,554           56,275
                                 ==============  ===============  ==============  ==============  ==============  ===============



                                                                                                           FIDELITY(R) VIP
                                  FIDELITY(R) VIP FREEDOM 2025     FIDELITY(R) VIP FREEDOM 2030             FREEDOM 2035
                                            DIVISION                         DIVISION                         DIVISION
                                 -------------------------------  -------------------------------  -------------------------------
                                      2019             2018            2019             2018            2019            2018(A)
                                 ---------------  --------------  ---------------  --------------  ---------------  --------------


Units beginning of year........           58,278          38,578          149,868         139,649            4,218              --
Units issued and transferred
   from other funding options..          116,366          34,949           51,580          17,341           13,020           9,423
Units redeemed and transferred
   to other funding options....         (16,019)        (15,249)         (22,570)         (7,122)          (1,450)         (5,205)
                                 ---------------  --------------  ---------------  --------------  ---------------  --------------
Units end of year..............          158,625          58,278          178,878         149,868           15,788           4,218
                                 ===============  ==============  ===============  ==============  ===============  ==============



                                                                          FIDELITY(R) VIP
                                  FIDELITY(R) VIP FREEDOM 2040             FREEDOM 2045              FIDELITY(R) VIP FREEDOM 2050
                                            DIVISION                         DIVISION                          DIVISION
                                 -------------------------------  -------------------------------  --------------------------------
                                      2019             2018            2019            2018(A)          2019              2018
                                 ---------------  --------------  ---------------  --------------  ---------------  ---------------


Units beginning of year........           19,309          18,419            4,811              --           13,729            8,553
Units issued and transferred
   from other funding options..           20,565           5,137           21,987           6,055           31,424            9,650
Units redeemed and transferred
   to other funding options....            (238)         (4,247)            (786)         (1,244)          (3,906)          (4,474)
                                 ---------------  --------------  ---------------  --------------  ---------------  ---------------
Units end of year..............           39,636          19,309           26,012           4,811           41,247           13,729
                                 ===============  ==============  ===============  ==============  ===============  ===============



                                          FIDELITY(R)                      FIDELITY(R)                  FIDELITY(R) VIP
                                     VIP FUNDSMANAGER 50%             VIP FUNDSMANAGER 60%          GOVERNMENT MONEY MARKET
                                           DIVISION                         DIVISION                       DIVISION
                                 ------------------------------  ------------------------------  ------------------------------
                                      2019            2018            2019            2018            2019            2018
                                 --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........      18,690,885      21,200,158      17,207,125      19,728,179         330,351         311,112
Units issued and transferred
   from other funding options..          33,995          88,690          49,199          15,389         161,519         289,526
Units redeemed and transferred
   to other funding options....     (2,919,017)     (2,597,963)     (2,066,659)     (2,536,443)       (161,352)       (270,287)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............      15,805,863      18,690,885      15,189,665      17,207,125         330,518         330,351
                                 ==============  ==============  ==============  ==============  ==============  ==============



                                                                          FIDELITY(R)                     FIDELITY(R)
                                    FIDELITY(R) VIP GROWTH         VIP INVESTMENT GRADE BOND              VIP MID CAP
                                           DIVISION                        DIVISION                        DIVISION
                                 ------------------------------  ------------------------------  ------------------------------
                                      2019            2018            2019            2018            2019            2018
                                 --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........         879,956         980,268         255,936         293,120          59,331          81,118
Units issued and transferred
   from other funding options..          14,854          41,735          35,782          24,756             350             190
Units redeemed and transferred
   to other funding options....       (150,451)       (142,047)        (50,853)        (61,940)         (8,050)        (21,977)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............         744,359         879,956         240,865         255,936          51,631          59,331
                                 ==============  ==============  ==============  ==============  ==============  ==============

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.



                                    E-96



                                    E-97



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



7.  SCHEDULES OF UNITS -- (CONCLUDED)
    FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018:





                                        FTVIPT TEMPLETON                     FTVIPT
                                     DEVELOPING MARKETS VIP           TEMPLETON FOREIGN VIP         IVY VIP ASSET STRATEGY
                                            DIVISION                        DIVISION                       DIVISION
                                 ------------------------------  ------------------------------  ------------------------------
                                      2019            2018           2019(B)          2018            2019            2018
                                 --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........          88,922          83,878             159             159             128             167
Units issued and transferred
   from other funding options..             197          10,248              --              --               5               5
Units redeemed and transferred
   to other funding options....        (64,352)         (5,204)           (159)              --            (23)            (44)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............          24,767          88,922              --             159             110             128
                                 ==============  ==============  ==============  ==============  ==============  ==============



                                                                      LMPVET CLEARBRIDGE               LMPVET CLEARBRIDGE
                                   JANUS HENDERSON ENTERPRISE        VARIABLE APPRECIATION         VARIABLE DIVIDEND STRATEGY
                                            DIVISION                       DIVISION                         DIVISION
                                 ------------------------------  ------------------------------  ------------------------------
                                      2019            2018            2019            2018            2019            2018
                                 --------------  --------------  --------------  --------------  --------------  --------------


Units beginning of year........          10,917          15,309           5,873           6,486          45,798          46,671
Units issued and transferred
   from other funding options..           3,237             286              67             114              94           1,103
Units redeemed and transferred
   to other funding options....         (3,959)         (4,678)           (167)           (727)         (4,480)         (1,976)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year..............          10,195          10,917           5,773           5,873          41,412          45,798
                                 ==============  ==============  ==============  ==============  ==============  ==============






                                         LMPVET CLEARBRIDGE             LMPVET CLEARBRIDGE                   LMPVIT
                                      VARIABLE LARGE CAP GROWTH      VARIABLE SMALL CAP GROWTH       WESTERN ASSET CORE PLUS
                                              DIVISION                       DIVISION                       DIVISION
                                   ------------------------------  -----------------------------  -----------------------------
                                        2019            2018            2019           2018            2019           2018
                                   --------------  --------------  --------------  -------------  --------------  -------------


Units beginning of year..........         128,203         132,067           3,651          6,825          25,469         31,136
Units issued and transferred
   from other funding options....           4,353          20,505           4,864            259             415          1,741
Units redeemed and transferred
   to other funding options......        (39,845)        (24,369)            (94)        (3,433)        (14,974)        (7,408)
                                   --------------  --------------  --------------  -------------  --------------  -------------
Units end of year................          92,711         128,203           8,421          3,651          10,910         25,469
                                   ==============  ==============  ==============  =============  ==============  =============



                                                                                                           PIMCO VIT
                                          MORGAN STANLEY               OPPENHEIMER GLOBAL           COMMODITYREALRETURN(R)
                                     VIF GLOBAL INFRASTRUCTURE     MULTI-ALTERNATIVES FUND/VA              STRATEGY
                                             DIVISION                       DIVISION                       DIVISION
                                   -----------------------------  -----------------------------  -----------------------------
                                        2019           2018           2019(C)         2018            2019            2018
                                   --------------  -------------  --------------  -------------  --------------  -------------


Units beginning of year..........           5,120          4,622           1,578          1,578           5,859          6,917
Units issued and transferred
   from other funding options....             103          1,743              --             --             271             79
Units redeemed and transferred
   to other funding options......           (747)        (1,245)         (1,578)             --           (893)        (1,137)
                                   --------------  -------------  --------------  -------------  --------------  -------------
Units end of year................           4,476          5,120              --          1,578           5,237          5,859
                                   ==============  =============  ==============  =============  ==============  =============




                                                                           PIMCO VIT             TAP 1919 VARIABLE SOCIALLY
                                     PIMCO VIT DYNAMIC BOND          EMERGING MARKETS BOND           RESPONSIVE BALANCED
                                            DIVISION                       DIVISION                       DIVISION
                                   ----------------------------  -----------------------------  -----------------------------
                                       2019            2018           2019            2018           2019           2018
                                   -------------  -------------  --------------  -------------  --------------  -------------


Units beginning of year..........          8,338         11,816           6,000          6,421           4,988          4,430
Units issued and transferred
   from other funding options....             62          5,615             319            110             304          1,062
Units redeemed and transferred
   to other funding options......          (297)        (9,093)         (1,184)          (531)           (752)          (504)
                                   -------------  -------------  --------------  -------------  --------------  -------------
Units end of year................          8,103          8,338           5,135          6,000           4,540          4,988
                                   =============  =============  ==============  =============  ==============  =============

(a) For the period April 30, 2018 to December 31, 2018.

(b) Had no net assets at December 31, 2019.


(c) For the period January 1, 2019 to April 26, 2019.








                                    E-98



                                    E-99



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS


The Company sells a number of variable annuity products which have unique
combinations of features and fees, some of which directly affect the unit
values of the Divisions. Differences in the fee structures result in a variety
of unit values, expense ratios, and total returns.

The following table is a summary of unit values and units outstanding for the
Contracts, net assets, net investment income ratios, expense ratios, excluding
expenses for the underlying fund, series, or portfolio, and total return ratios
for the respective stated periods in the five years ended December 31, 2019:



                                                           AS OF DECEMBER 31
                                             ---------------------------------------------
                                                             UNIT VALUE
                                                              LOWEST TO           NET
                                                 UNITS       HIGHEST ($)      ASSETS ($)
                                             ------------  ---------------  --------------

  American Funds(R) Bond Division      2019     4,042,100     1.09 - 23.11      77,224,066
                                       2018     4,211,306     1.01 - 21.27      74,861,593
                                       2017     4,884,182     1.03 - 21.56      88,742,232
                                       2016     5,189,712     1.01 - 20.94      92,324,388
                                       2015     5,343,073     0.99 - 20.47      93,643,199

  American Funds(R) Global Growth      2019        34,762             6.99         242,935
     Division (Commenced               2018        48,260             5.21         251,565
     10/31/2013 and began              2017        64,628             5.78         373,749
     transactions in 2016)             2016       124,565             4.44         552,875

  American Funds(R) Global             2019     8,707,173     4.98 - 59.90     437,123,606
     Small Capitalization Division     2018    10,120,809     3.85 - 45.89     391,323,313
                                       2017    11,417,354     4.37 - 51.69     501,546,451
                                       2016    12,941,976     3.53 - 41.36     458,931,633
                                       2015    14,155,887     3.51 - 40.82     497,974,630

  American Funds(R) Growth Division    2019     2,560,095    2.30 - 545.20   1,023,148,092
                                       2018     2,922,123    1.79 - 420.04     911,540,508
                                       2017     3,364,829    1.82 - 424.27   1,071,645,690
                                       2016     3,811,794    1.44 - 333.19     963,320,699
                                       2015     4,232,055    1.35 - 306.61     997,764,490

  American Funds(R) Growth-Income      2019     2,980,149   25.08 - 340.30     767,275,578
     Division                          2018     3,405,907   20.20 - 271.82     704,784,793
                                       2017     3,958,831   20.90 - 278.86     845,856,636
                                       2016     4,507,518   17.35 - 229.57     798,505,698
                                       2015     4,944,457   15.81 - 207.40     797,586,116

  BHFTI AB Global Dynamic              2019    89,425,360    13.99 - 15.26   1,348,392,149
     Allocation Division               2018   102,653,570    12.10 - 13.07   1,327,086,693
                                       2017   116,190,138    13.28 - 14.20   1,634,691,183
                                       2016   127,172,700    11.94 - 12.64   1,594,255,019
                                       2015   130,172,083    11.77 - 12.33   1,594,775,590

  BHFTI American Funds(R)              2019    45,337,707     1.77 - 19.71     800,925,855
     Balanced Allocation Division      2018    51,701,013     1.50 - 16.55     773,156,170
                                       2017    58,085,561     1.59 - 17.34     919,484,643
                                       2016    62,532,762     1.38 - 14.89     854,544,975
                                       2015    62,147,594     1.29 - 13.87     802,015,862

  BHFTI American Funds(R)              2019    23,820,328     1.90 - 20.76     451,501,018
     Growth Allocation Division        2018    25,965,628     1.56 - 16.87     403,169,471
                                       2017    28,757,029     1.67 - 17.99     479,556,343
                                       2016    30,410,462     1.44 - 14.90     423,353,677
                                       2015    31,243,407     1.33 - 13.75     404,659,720


                                                        FOR THE YEAR ENDED DECEMBER 31
                                             --------------------------------------------------
                                             INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                                INCOME          LOWEST TO          LOWEST TO
                                               RATIO (%)       HIGHEST (%)        HIGHEST (%)
                                             -------------  ----------------  -----------------

  American Funds(R) Bond Division      2019      2.59          0.50 - 2.10          7.09 - 8.65
                                       2018      2.31          0.50 - 2.15      (2.84) - (1.36)
                                       2017      1.88          0.50 - 2.15          1.31 - 3.00
                                       2016      1.67          0.50 - 2.15          0.60 - 2.28
                                       2015      1.62          0.50 - 2.30      (2.01) - (0.37)

  American Funds(R) Global Growth      2019      1.14                 0.90                34.06
     Division (Commenced               2018      0.60                 0.90               (9.86)
     10/31/2013 and began              2017      0.53                 0.90                30.30
     transactions in 2016)             2016      1.37                 0.90               (0.28)

  American Funds(R) Global             2019      0.15          0.50 - 2.50        28.27 - 30.67
     Small Capitalization Division     2018      0.08          0.50 - 2.50    (12.77) - (11.13)
                                       2017      0.43          0.50 - 2.50        22.80 - 25.08
                                       2016      0.24          0.50 - 2.50        (0.42) - 1.44
                                       2015        --          0.50 - 2.55      (6.41) - (0.38)

  American Funds(R) Growth Division    2019      0.73          0.50 - 2.35        27.74 - 29.80
                                       2018      0.42          0.50 - 2.35      (2.58) - (1.00)
                                       2017      0.49          0.50 - 2.35        25.32 - 27.34
                                       2016      0.76          0.50 - 2.35          6.95 - 8.67
                                       2015      0.58          0.50 - 2.35          4.38 - 6.17

  American Funds(R) Growth-Income      2019      1.62          0.50 - 2.35        23.21 - 25.19
     Division                          2018      1.35          0.50 - 2.35      (4.08) - (2.52)
                                       2017      1.36          0.50 - 2.35        19.55 - 21.47
                                       2016      1.46          0.50 - 2.35         8.88 - 10.69
                                       2015      1.28          0.50 - 2.55        (1.10) - 0.80

  BHFTI AB Global Dynamic              2019      3.46          1.10 - 2.10        15.62 - 16.78
     Allocation Division               2018      1.66          1.10 - 2.10      (8.91) - (7.99)
                                       2017      1.48          1.10 - 2.10        11.26 - 12.38
                                       2016      1.59          1.10 - 2.10          1.44 - 2.46
                                       2015      3.26          1.10 - 2.10      (1.51) - (0.52)

  BHFTI American Funds(R)              2019      1.80          0.50 - 2.10        17.04 - 19.11
     Balanced Allocation Division      2018      1.46          0.50 - 2.10      (6.31) - (4.58)
                                       2017      1.49          0.50 - 2.10        14.44 - 16.44
                                       2016      1.62          0.50 - 2.10          5.57 - 7.34
                                       2015      1.39          0.50 - 2.10      (2.77) - (0.97)

  BHFTI American Funds(R)              2019      1.68          0.50 - 2.15        21.01 - 23.02
     Growth Allocation Division        2018      1.21          0.50 - 2.15      (7.78) - (6.24)
                                       2017      1.24          0.50 - 2.15        18.77 - 20.74
                                       2016      1.31          0.50 - 2.15          6.64 - 8.42
                                       2015      1.31          0.50 - 2.30      (3.01) - (1.25)


                                    E-100



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)





                                                       AS OF DECEMBER 31
                                         --------------------------------------------
                                                         UNIT VALUE
                                                          LOWEST TO          NET
                                             UNITS       HIGHEST ($)     ASSETS ($)
                                         ------------  --------------  --------------

  BHFTI American Funds(R)          2019    13,396,429    2.55 - 25.92     333,656,449
     Growth Division               2018    16,299,179    1.98 - 20.08     315,250,770
                                   2017    20,103,266    2.01 - 20.37     395,973,373
                                   2016    23,833,859    1.59 - 16.08     371,921,161
                                   2015    25,483,182    1.47 - 14.88     369,229,553

  BHFTI American Funds(R)          2019    48,048,192    1.71 - 17.88     786,219,704
     Moderate Allocation Division  2018    54,921,254    1.48 - 15.47     782,649,526
                                   2017    63,563,450    1.55 - 16.10     949,575,557
                                   2016    70,805,087    1.38 - 14.32     943,720,963
                                   2015    73,866,251   11.89 - 13.45     936,586,101

  BHFTI AQR Global Risk            2019    79,861,505   11.66 - 13.13   1,036,049,545
     Balanced Division             2018    91,641,725    9.84 - 11.07   1,003,736,398
                                   2017   104,234,505   10.64 - 11.96   1,234,346,275
                                   2016   115,858,295    9.81 - 11.01   1,265,046,973
                                   2015   126,093,556    9.12 - 10.21   1,279,345,923

  BHFTI BlackRock Global           2019   117,923,351   13.58 - 14.82   1,726,223,549
     Tactical Strategies Division  2018   135,196,017   11.50 - 12.42   1,660,961,194
                                   2017   151,440,679   12.70 - 13.53   2,029,561,004
                                   2016   166,138,266   11.44 - 12.07   1,989,443,856
                                   2015   172,629,165   11.18 - 11.69   2,004,095,320

  BHFTI BlackRock High Yield       2019        45,780    3.65 - 34.77         449,626
     Division                      2018        36,446    3.21 - 30.61         389,657
                                   2017        33,615    3.33 - 31.86         413,602
                                   2016        35,582    3.12 - 29.89         331,029
                                   2015        13,360    2.76 - 26.52         172,276

  BHFTI Brighthouse Asset          2019     9,271,704    2.49 - 45.81     237,520,246
     Allocation 100 Division       2018    10,018,424    1.97 - 36.34     204,491,233
                                   2017    10,787,709    2.14 - 40.84     248,628,040
                                   2016    11,416,804    1.76 - 33.59     218,682,416
                                   2015    11,824,914    1.63 - 31.18     214,215,734

  BHFTI Brighthouse Balanced       2019   212,617,604   15.69 - 17.19   3,610,425,443
     Plus Division                 2018   237,803,627   12.98 - 14.07   3,308,331,916
                                   2017   254,482,460   14.31 - 15.35   3,869,437,236
                                   2016   267,191,129   12.36 - 13.12   3,476,074,955
                                   2015   269,246,848   11.65 - 12.24   3,272,800,741

  BHFTI Brighthouse Small Cap      2019       507,130    3.74 - 40.18      17,894,741
     Value Division                2018       568,395    2.93 - 31.36      15,380,952
                                   2017       611,465    3.49 - 37.18      19,791,285
                                   2016       648,258    3.15 - 33.45      18,727,164
                                   2015       655,473   22.19 - 25.61      15,330,460

  BHFTI Brighthouse/Aberdeen       2019     3,782,564    1.35 - 12.93      46,669,817
     Emerging Markets Equity       2018     4,595,166    1.12 - 10.81      47,553,441
     Division                      2017     4,781,863    1.32 - 12.72      58,423,937
                                   2016     5,375,922    1.03 - 10.01      51,521,589
                                   2015     5,630,392     7.99 - 9.06      49,518,855




                                                   FOR THE YEAR ENDED DECEMBER 31
                                         --------------------------------------------------
                                         INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                            INCOME          LOWEST TO          LOWEST TO
                                           RATIO (%)       HIGHEST (%)        HIGHEST (%)
                                         -------------  ----------------  -----------------

  BHFTI American Funds(R)          2019      0.44          0.95 - 2.25        27.44 - 29.11
     Growth Division               2018      0.39          0.95 - 2.25      (2.73) - (1.44)
                                   2017      0.40          0.95 - 2.25        25.06 - 26.70
                                   2016      0.30          0.95 - 2.25          6.67 - 8.07
                                   2015      0.87          0.95 - 2.25          1.83 - 5.33

  BHFTI American Funds(R)          2019      1.98          0.50 - 2.10        13.74 - 15.58
     Moderate Allocation Division  2018      1.73          0.50 - 2.10      (5.43) - (3.90)
                                   2017      1.77          0.50 - 2.10        10.62 - 12.40
                                   2016      1.91          0.50 - 2.10          4.79 - 6.48
                                   2015      1.49          0.50 - 2.10      (2.79) - (1.22)

  BHFTI AQR Global Risk            2019      2.95          1.10 - 2.05        17.48 - 18.61
     Balanced Division             2018      0.38          1.10 - 2.05      (8.26) - (7.38)
                                   2017      1.71          1.10 - 2.10          7.53 - 8.60
                                   2016        --          1.10 - 2.15          6.64 - 7.77
                                   2015      5.49          1.10 - 2.15     (11.50) - (4.32)

  BHFTI BlackRock Global           2019      0.19          1.10 - 2.10        18.12 - 19.31
     Tactical Strategies Division  2018      1.42          1.10 - 2.10      (9.12) - (8.20)
                                   2017      0.67          1.10 - 2.05        11.02 - 12.07
                                   2016      1.45          1.10 - 2.05          2.31 - 3.29
                                   2015      1.53          1.10 - 2.05      (2.14) - (1.20)

  BHFTI BlackRock High Yield       2019      5.89          0.90 - 1.60        13.03 - 14.02
     Division                      2018      4.97          0.90 - 1.60      (4.42) - (3.46)
                                   2017      5.40          0.90 - 1.60          6.05 - 7.10
                                   2016      5.83          0.90 - 1.60        12.17 - 13.24
                                   2015      5.69          1.10 - 1.60      (5.57) - (4.84)

  BHFTI Brighthouse Asset          2019      1.63          0.50 - 2.05        24.90 - 26.85
     Allocation 100 Division       2018      1.12          0.50 - 2.05    (11.90) - (10.52)
                                   2017      1.34          0.50 - 2.05        20.45 - 22.32
                                   2016      2.39          0.50 - 2.05          6.77 - 8.43
                                   2015      1.40          0.50 - 2.05      (4.00) - (2.50)

  BHFTI Brighthouse Balanced       2019      2.03          1.10 - 2.15        20.94 - 22.21
     Plus Division                 2018      1.67          1.10 - 2.15      (9.34) - (8.38)
                                   2017      1.55          1.10 - 2.15        15.82 - 17.04
                                   2016      2.87          1.10 - 2.15          6.06 - 7.18
                                   2015      2.09          1.10 - 2.15      (6.13) - (5.14)

  BHFTI Brighthouse Small Cap      2019      0.89          0.50 - 1.60        26.73 - 28.13
     Value Division                2018      1.04          0.50 - 1.60    (16.59) - (15.66)
                                   2017      0.91          0.50 - 1.55         9.99 - 11.14
                                   2016      1.05          0.50 - 1.55        29.24 - 30.60
                                   2015      0.09          0.50 - 1.55      (6.86) - (5.88)

  BHFTI Brighthouse/Aberdeen       2019      1.65          0.90 - 2.25        18.06 - 19.90
     Emerging Markets Equity       2018      2.60          0.90 - 2.25    (16.10) - (14.69)
     Division                      2017      1.09          0.90 - 2.25        25.48 - 27.44
                                   2016      0.97          0.90 - 2.25         9.02 - 10.83
                                   2015      1.79          0.95 - 2.25     (15.73) - (2.68)





                                    E-101



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)





                                                           AS OF DECEMBER 31
                                             --------------------------------------------
                                                             UNIT VALUE
                                                              LOWEST TO          NET
                                                 UNITS       HIGHEST ($)     ASSETS ($)
                                             ------------  --------------  --------------

  BHFTI Brighthouse/Artisan            2019           169           12.36           2,090
     International Division            2018           208            9.65           2,006
     (Commenced 11/19/2014             2017           256           10.98           2,810
     and began transactions in 2015)   2016           313            8.47           2,647
                                       2015           308            9.46           2,913

  BHFTI Brighthouse/Eaton              2019     2,151,505   11.69 - 12.81      26,783,935
     Vance Floating Rate Division      2018     2,481,218   11.15 - 12.11      29,267,597
                                       2017     2,489,148   11.34 - 12.20      29,625,659
                                       2016     2,268,533   11.17 - 11.90      26,476,747
                                       2015     1,831,052   10.43 - 11.01      19,924,175

  BHFTI Brighthouse/Franklin           2019     7,151,707    9.65 - 11.00      73,642,877
     Low Duration Total Return         2018     7,585,943    9.23 - 10.56      75,568,731
     Division                          2017     8,361,024    9.56 - 10.57      83,966,094
                                       2016     8,173,168    9.63 - 10.48      82,027,391
                                       2015     8,644,210    9.52 - 10.22      85,200,113

  BHFTI Brighthouse/Templeton          2019       432,512   11.62 - 13.00       5,449,838
     International Bond Division       2018       489,079   11.71 - 12.97       6,165,086
                                       2017       589,796   11.83 - 12.96       7,449,814
                                       2016       610,154   12.06 - 13.07       7,790,764
                                       2015       611,605   12.19 - 13.08       7,837,819

  BHFTI Brighthouse/Wellington         2019     8,991,065   2.76 - 565.38     741,294,779
     Large Cap Research Division       2018    10,177,126   2.12 - 427.76     636,225,847
                                       2017    11,512,938   2.28 - 455.44     764,291,187
                                       2016    12,937,320   1.89 - 372.76     703,695,885
                                       2015    14,241,297  10.89 - 343.28     724,175,878

  BHFTI Clarion Global Real            2019     8,161,374    2.38 - 25.37     182,528,745
     Estate Division                   2018     9,504,197    1.93 - 20.43     172,053,744
                                       2017    10,875,352    2.13 - 22.47     218,280,039
                                       2016    12,014,777    1.94 - 20.39     220,012,334
                                       2015    12,591,472    1.94 - 20.32     233,288,277

  BHFTI Harris Oakmark                 2019    13,819,826    3.06 - 36.01     425,579,613
     International Division            2018    15,932,818    2.48 - 29.06     398,451,152
                                       2017    16,803,885    3.29 - 38.42     554,231,973
                                       2016    19,261,195    2.55 - 29.60     494,276,831
                                       2015    20,998,453    2.38 - 27.50     503,695,677

  BHFTI Invesco Balanced-Risk          2019   351,901,497    1.24 - 13.34     461,843,455
     Allocation Division               2018   401,048,107    1.10 - 11.70     462,317,377
                                       2017   445,688,739     1.19 - 1.25     556,009,732
                                       2016   454,902,610     1.10 - 1.15     522,371,527
                                       2015   436,683,517    1.01 - 10.52     454,441,516

  BHFTI Invesco Comstock               2019         6,188    1.56 - 23.40          57,870
     Division (Commenced               2018         6,957    1.26 - 18.94          49,587
     12/13/2013 and began              2017        10,379    1.45 - 21.80          47,958
     transactions in 2015)             2016         7,061    1.24 - 18.67          14,408
                                       2015           549   15.67 - 16.10           8,672




                                                       FOR THE YEAR ENDED DECEMBER 31
                                             --------------------------------------------------
                                             INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                                INCOME          LOWEST TO          LOWEST TO
                                               RATIO (%)       HIGHEST (%)        HIGHEST (%)
                                             -------------  ----------------  -----------------

  BHFTI Brighthouse/Artisan            2019      1.19                 1.35                28.15
     International Division            2018      1.22                 1.35              (12.11)
     (Commenced 11/19/2014             2017      1.08                 1.35                29.58
     and began transactions in 2015)   2016      0.90                 1.35              (10.49)
                                       2015      0.74                 1.35               (4.78)

  BHFTI Brighthouse/Eaton              2019      4.58          1.10 - 2.05          4.86 - 5.86
     Vance Floating Rate Division      2018      3.53          1.10 - 2.05      (1.74) - (0.79)
                                       2017      3.78          1.10 - 2.05          1.58 - 2.55
                                       2016      3.80          1.10 - 2.05          7.05 - 8.07
                                       2015      3.48          1.10 - 2.05      (2.85) - (1.92)

  BHFTI Brighthouse/Franklin           2019      3.32          0.50 - 2.00          2.56 - 4.11
     Low Duration Total Return         2018      1.77          0.50 - 2.25      (1.81) - (0.07)
     Division                          2017      1.43          0.50 - 2.00        (0.67) - 0.83
                                       2016      2.92          0.50 - 2.00          1.09 - 2.62
                                       2015      3.05          0.50 - 2.00      (2.59) - (0.89)

  BHFTI Brighthouse/Templeton          2019      8.38          0.95 - 2.00        (0.84) - 0.21
     International Bond Division       2018        --          0.95 - 2.00        (1.01) - 0.04
                                       2017        --          0.95 - 2.00      (1.84) - (0.80)
                                       2016        --          0.95 - 2.00      (1.12) - (0.08)
                                       2015      8.18          0.95 - 2.00        (6.06) - 0.75

  BHFTI Brighthouse/Wellington         2019      1.12          0.00 - 2.50        28.77 - 32.17
     Large Cap Research Division       2018      1.00          0.00 - 2.50      (8.49) - (6.08)
                                       2017      1.05          0.00 - 2.50        19.14 - 22.18
                                       2016      2.40          0.00 - 2.50          5.78 - 8.59
                                       2015      0.91        (0.08) - 2.50          2.09 - 4.67

  BHFTI Clarion Global Real            2019      3.08          0.50 - 2.25        22.03 - 24.29
     Estate Division                   2018      5.96          0.50 - 2.25     (10.69) - (8.95)
                                       2017      3.47          0.50 - 2.25         8.29 - 10.26
                                       2016      2.09          0.50 - 2.25        (1.37) - 0.50
                                       2015      3.83          0.50 - 2.25        (3.60) - 3.43

  BHFTI Harris Oakmark                 2019      2.21          0.50 - 2.25        21.75 - 24.03
     International Division            2018      1.72          0.50 - 2.25    (25.67) - (24.23)
                                       2017      1.64          0.50 - 2.25        27.54 - 29.94
                                       2016      2.14          0.50 - 2.25          5.77 - 7.73
                                       2015      3.00          0.50 - 2.25      (6.65) - (3.85)

  BHFTI Invesco Balanced-Risk          2019        --          1.10 - 2.00        13.00 - 14.02
     Allocation Division               2018      1.17          1.10 - 2.00      (8.30) - (7.46)
                                       2017      3.73          1.15 - 2.10          7.72 - 8.75
                                       2016      0.15          1.15 - 2.10         9.40 - 10.44
                                       2015      2.77          1.10 - 2.10      (6.20) - (5.25)

  BHFTI Invesco Comstock               2019      2.13          0.90 - 1.35        23.28 - 23.84
     Division (Commenced               2018      0.65          0.90 - 1.35    (13.34) - (12.95)
     12/13/2013 and began              2017      2.63          0.90 - 1.35        16.44 - 16.97
     transactions in 2015)             2016      2.45          0.90 - 1.35        15.73 - 16.25
                                       2015      1.42          1.10 - 1.35      (7.23) - (7.00)





                                    E-102



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)




                                                     AS OF DECEMBER 31
                                       ---------------------------------------------
                                                        UNIT VALUE
                                                         LOWEST TO          NET
                                           UNITS        HIGHEST ($)     ASSETS ($)
                                       -------------  --------------  --------------

  BHFTI Invesco Global Equity    2019     15,182,482    1.63 - 45.47     261,214,721
     Division                    2018     16,358,866    1.25 - 34.80     226,269,164
                                 2017     15,776,074    1.44 - 40.36     282,853,081
                                 2016     16,415,762    1.07 - 29.72     240,714,689
                                 2015     15,876,834    1.08 - 29.85     268,477,388

  BHFTI Invesco Small Cap        2019      1,335,510    3.89 - 45.40      51,053,864
     Growth Division             2018      1,509,587    3.17 - 36.68      47,102,731
                                 2017      1,615,884    3.53 - 40.53      56,474,486
                                 2016      1,830,196    2.85 - 32.50      51,145,397
                                 2015      1,959,481    2.60 - 29.31      50,546,958

  BHFTI JPMorgan Core Bond       2019      6,207,730   10.49 - 12.21      74,354,984
     Division                    2018      7,254,348    9.85 - 11.41      81,327,656
                                 2017      8,421,961   10.01 - 11.54      95,678,197
                                 2016      8,737,449    9.84 - 11.30      97,321,513
                                 2015      8,785,778    9.78 - 11.19      97,049,152

  BHFTI JPMorgan Global          2019    534,476,737    1.41 - 15.20     803,699,960
     Active Allocation Division  2018    605,342,000    1.23 - 13.14     788,207,295
                                 2017    606,636,328    1.35 - 14.32     861,680,922
                                 2016    658,264,125    1.18 - 12.41     811,489,227
                                 2015    631,444,568    1.18 - 12.19     765,909,740

  BHFTI JPMorgan Small Cap       2019        808,325    2.65 - 24.86      18,936,921
     Value Division              2018        876,517    2.24 - 21.10      17,643,222
                                 2017      1,036,634    2.62 - 24.78      24,628,939
                                 2016      1,149,179    2.55 - 24.25      26,497,515
                                 2015      1,050,675    1.97 - 18.69      19,373,472

  BHFTI Loomis Sayles Global     2019      4,334,728    2.18 - 26.32     107,109,800
     Allocation Division         2018      4,983,673    1.73 - 20.87      98,196,428
                                 2017      5,880,789    1.85 - 22.30     124,432,486
                                 2016      6,761,244    1.53 - 18.33     117,860,066
                                 2015      6,737,799    1.48 - 17.69     114,155,824

  BHFTI Loomis Sayles Growth     2019     21,007,586   1.97 - 445.88     467,060,137
     Division                    2018     24,657,864   1.61 - 362.64     444,649,592
                                 2017     29,749,965   1.75 - 392.14     575,606,365
                                 2016     34,182,457   1.49 - 332.84     556,843,925
                                 2015     38,732,875   1.47 - 325.77     615,095,439

  BHFTI MetLife Multi-Index      2019    572,965,706    1.45 - 15.59     884,702,376
     Targeted Risk Division      2018    638,887,551    1.22 - 12.95     820,528,591
                                 2017    689,687,735    1.34 - 14.11     966,194,514
                                 2016    733,282,833    1.18 - 12.35     900,136,783
                                 2015    650,031,968    1.16 - 11.96     774,094,507

  BHFTI MFS(R) Research          2019      8,765,910    2.08 - 24.14     168,375,370
     International Division      2018     10,106,842    1.64 - 18.92     153,947,912
                                 2017     11,333,543    1.94 - 22.16     202,267,389
                                 2016     13,120,940    1.53 - 17.41     185,265,721
                                 2015     14,035,549    1.57 - 17.69     201,136,412




                                                  FOR THE YEAR ENDED DECEMBER 31
                                       --------------------------------------------------
                                       INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                          INCOME          LOWEST TO          LOWEST TO
                                         RATIO (%)       HIGHEST (%)        HIGHEST (%)
                                       -------------  ----------------  -----------------

  BHFTI Invesco Global Equity    2019      0.91          0.50 - 2.15        28.83 - 31.06
     Division                    2018      1.10          0.50 - 2.15    (14.96) - (13.53)
                                 2017      0.99          0.50 - 2.15        33.90 - 36.24
                                 2016      1.03          0.50 - 2.15      (1.85) - (0.16)
                                 2015      1.04          0.50 - 2.15        (1.43) - 3.50

  BHFTI Invesco Small Cap        2019        --          0.50 - 2.15        21.80 - 23.79
     Growth Division             2018        --          0.50 - 2.25     (11.08) - (9.50)
                                 2017        --          0.50 - 2.15        22.78 - 24.71
                                 2016        --          0.50 - 2.25         8.96 - 10.88
                                 2015        --          0.50 - 2.25      (3.90) - (2.20)

  BHFTI JPMorgan Core Bond       2019      4.54          1.10 - 2.05          6.02 - 7.03
     Division                    2018      2.73          1.10 - 2.05      (2.02) - (1.08)
                                 2017      2.47          1.10 - 2.05          1.22 - 2.18
                                 2016      2.82          1.10 - 2.25        (0.04) - 1.11
                                 2015      2.31          1.10 - 2.25      (1.75) - (0.62)

  BHFTI JPMorgan Global          2019      2.74          1.10 - 2.05        14.54 - 15.63
     Active Allocation Division  2018      1.62          1.10 - 2.05      (9.08) - (8.21)
                                 2017      2.54          1.10 - 2.10        14.24 - 15.38
                                 2016      2.12          1.10 - 2.10          0.76 - 1.78
                                 2015      2.69          1.10 - 2.10      (1.20) - (0.21)

  BHFTI JPMorgan Small Cap       2019      1.09          0.90 - 2.05        16.73 - 18.46
     Value Division              2018      1.08          0.90 - 2.05    (15.67) - (14.54)
                                 2017      1.13          0.90 - 2.05          1.22 - 2.70
                                 2016      1.60          0.90 - 2.05        27.86 - 29.68
                                 2015      1.12          0.90 - 2.05      (9.31) - (8.08)

  BHFTI Loomis Sayles Global     2019      1.49          0.50 - 2.05        24.94 - 26.89
     Allocation Division         2018      1.86          0.50 - 2.25      (7.50) - (5.86)
                                 2017      1.39          0.50 - 2.25        20.24 - 22.36
                                 2016      1.68          0.50 - 2.25          2.45 - 4.25
                                 2015      1.58          0.50 - 2.25        (1.02) - 0.72

  BHFTI Loomis Sayles Growth     2019      0.84          0.50 - 2.25        20.82 - 23.03
     Division                    2018      0.61          0.50 - 2.25      (9.14) - (7.41)
                                 2017      0.75          0.50 - 2.25        15.78 - 17.93
                                 2016      0.43          0.50 - 2.25          0.40 - 2.32
                                 2015      0.25          0.50 - 2.25      (6.17) - (4.43)

  BHFTI MetLife Multi-Index      2019      2.14          0.90 - 2.10        19.18 - 20.62
     Targeted Risk Division      2018      1.75          0.90 - 2.10      (9.12) - (8.02)
                                 2017      1.47          0.90 - 2.10        13.15 - 14.51
                                 2016      1.32          0.90 - 2.10          2.19 - 3.43
                                 2015      1.20          1.10 - 2.10      (3.26) - (2.29)

  BHFTI MFS(R) Research          2019      1.41          0.50 - 2.15        25.74 - 27.67
     International Division      2018      2.02          0.50 - 2.25    (15.92) - (14.43)
                                 2017      1.80          0.50 - 2.15        25.62 - 27.52
                                 2016      2.07          0.50 - 2.15      (2.89) - (1.37)
                                 2015      2.78          0.50 - 2.15      (3.85) - (2.26)




                                    E-103



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)




                                                           AS OF DECEMBER 31
                                             ---------------------------------------------
                                                             UNIT VALUE
                                                              LOWEST TO           NET
                                                 UNITS       HIGHEST ($)      ASSETS ($)
                                             ------------  ---------------  --------------

  BHFTI Morgan Stanley                 2019    11,049,927     3.58 - 43.43     423,750,247
     Discovery Division                2018    12,304,050     2.59 - 31.15     340,007,433
                                       2017    13,380,312     2.38 - 28.42     339,623,699
                                       2016    14,691,729     1.72 - 20.41     269,357,054
                                       2015    15,711,674     1.91 - 22.41     318,386,768

  BHFTI PanAgora Global                2019    64,915,547      1.24 - 1.31      84,293,104
     Diversified Risk Division         2018    67,228,731      1.04 - 1.08      72,446,308
                                       2017    80,775,666      1.15 - 1.19      95,392,815
                                       2016    74,593,960      1.04 - 1.06      79,219,064
                                       2015    27,943,566      0.96 - 0.97      27,029,557

  BHFTI PIMCO Inflation                2019    20,971,534     1.07 - 18.07     327,258,585
     Protected Bond Division           2018    23,939,621     0.99 - 16.77     349,179,155
                                       2017    28,145,710     1.02 - 17.24     425,983,675
                                       2016    29,444,296     1.00 - 16.72     435,880,990
                                       2015    31,458,298    12.65 - 16.00     451,404,388

  BHFTI PIMCO Total Return             2019    36,674,056     1.95 - 22.89     715,395,370
     Division                          2018    41,842,651     1.82 - 21.21     757,914,158
                                       2017    49,441,770     1.85 - 21.36     908,315,454
                                       2016    52,424,443     1.80 - 20.54     925,935,319
                                       2015    56,338,885     1.77 - 20.12     994,182,970

  BHFTI Schroders Global               2019   524,050,033     1.43 - 15.51     802,843,446
     Multi-Asset Division              2018   601,844,418     1.21 - 12.91     768,330,201
                                       2017   395,258,412     1.36 - 14.41     564,139,933
                                       2016   424,763,788     1.21 - 12.75     537,033,268
                                       2015   411,432,972     1.17 - 12.20     498,402,470

  BHFTI SSGA Growth and                2019    35,242,960    17.06 - 21.44     680,226,971
     Income ETF Division               2018    41,641,734    14.57 - 18.01     680,006,923
                                       2017    49,193,853    15.92 - 19.37     869,542,351
                                       2016    55,792,678    14.03 - 16.80     861,727,162
                                       2015    59,547,628    13.54 - 15.96     880,260,118

  BHFTI SSGA Growth ETF                2019     6,956,479    17.56 - 22.07     138,322,296
     Division                          2018     7,753,198    14.65 - 18.11     127,430,864
                                       2017     8,624,728    16.40 - 19.95     157,056,020
                                       2016     9,414,590    14.15 - 16.76     145,066,205
                                       2015    10,147,586    13.51 - 15.76     148,082,202

  BHFTI T. Rowe Price Large            2019        33,084   12.57 - 118.33         725,942
     Cap Value Division                2018        20,996    10.02 - 94.56         409,218
     (Commenced 12/13/2013             2017        23,096   11.13 - 105.25         578,718
     and began transactions in 2015)   2016        22,303     9.61 - 90.99         441,526
                                       2015         1,871    69.65 - 79.35         137,796

  BHFTI T. Rowe Price Mid Cap          2019    16,418,378     2.91 - 51.83     484,527,095
     Growth Division                   2018    19,059,742     2.25 - 39.81     430,092,959
                                       2017    21,768,491     2.33 - 41.02     506,160,540
                                       2016    23,983,678     1.90 - 33.09     451,415,560
                                       2015    25,470,150     1.81 - 31.36     456,943,184




                                                       FOR THE YEAR ENDED DECEMBER 31
                                             -------------------------------------------------
                                             INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3)
                                                INCOME          LOWEST TO         LOWEST TO
                                               RATIO (%)       HIGHEST (%)       HIGHEST (%)
                                             -------------  ----------------  ----------------

  BHFTI Morgan Stanley                 2019        --          0.50 - 2.25       37.01 - 39.43
     Discovery Division                2018        --          0.50 - 2.25         7.69 - 9.60
                                       2017      0.30          0.50 - 2.25       36.81 - 39.22
                                       2016        --          0.50 - 2.25    (10.50) - (8.92)
                                       2015        --          0.50 - 2.30     (7.18) - (5.50)

  BHFTI PanAgora Global                2019      3.24          1.15 - 2.00       19.58 - 20.60
     Diversified Risk Division         2018        --          1.15 - 2.00     (9.43) - (8.65)
                                       2017        --          1.15 - 2.00       10.37 - 11.31
                                       2016      2.54          1.15 - 2.00         8.92 - 9.85
                                       2015      0.59          1.15 - 2.00     (7.35) - (6.56)

  BHFTI PIMCO Inflation                2019      3.41          0.50 - 2.15         5.97 - 7.79
     Protected Bond Division           2018      1.60          0.50 - 2.25     (4.59) - (2.76)
                                       2017      1.56          0.50 - 2.25         1.17 - 3.14
                                       2016        --          0.50 - 2.25         2.65 - 4.49
                                       2015      4.92          0.50 - 2.25     (5.27) - (1.92)

  BHFTI PIMCO Total Return             2019      2.93          0.50 - 2.25         6.05 - 7.98
     Division                          2018      1.39          0.50 - 2.25     (2.46) - (0.62)
                                       2017      1.78          0.50 - 2.25         2.18 - 4.10
                                       2016      2.59          0.50 - 2.25         0.33 - 2.18
                                       2015      5.31          0.50 - 2.25     (2.22) - (0.36)

  BHFTI Schroders Global               2019      1.47          0.90 - 2.10       18.97 - 20.40
     Multi-Asset Division              2018      1.66          0.90 - 2.10    (11.32) - (6.23)
                                       2017      0.79          1.10 - 2.10       11.93 - 13.05
                                       2016      1.41          1.10 - 2.15         3.41 - 4.50
                                       2015      1.00          1.10 - 2.15     (2.99) - (1.96)

  BHFTI SSGA Growth and                2019      2.33          0.50 - 2.10       17.12 - 19.01
     Income ETF Division               2018      2.33          0.50 - 2.10     (8.47) - (6.99)
                                       2017      2.43          0.50 - 2.10       13.46 - 15.28
                                       2016      2.36          0.50 - 2.10         3.59 - 5.26
                                       2015      2.30          0.50 - 2.10     (4.00) - (2.45)

  BHFTI SSGA Growth ETF                2019      1.97          0.50 - 2.10       19.90 - 21.83
     Division                          2018      2.02          0.50 - 2.10    (10.65) - (9.20)
                                       2017      2.10          0.50 - 2.10       17.16 - 19.04
                                       2016      2.15          0.50 - 2.00         4.76 - 6.35
                                       2015      1.99          0.50 - 2.00     (4.25) - (2.80)

  BHFTI T. Rowe Price Large            2019      1.95          0.90 - 1.60       24.51 - 25.38
     Cap Value Division                2018      1.80          0.90 - 1.60    (10.61) - (9.98)
     (Commenced 12/13/2013             2017      2.07          0.90 - 1.60       15.10 - 15.90
     and began transactions in 2015)   2016      2.66          0.90 - 1.60       14.10 - 14.90
                                       2015      0.63          1.10 - 1.60     (5.12) - (4.64)

  BHFTI T. Rowe Price Mid Cap          2019      0.08          0.50 - 2.25       28.15 - 30.41
     Growth Division                   2018        --          0.50 - 2.25     (4.38) - (2.68)
                                       2017        --          0.50 - 2.25       21.98 - 24.12
                                       2016        --          0.50 - 2.25         3.85 - 5.69
                                       2015        --          0.50 - 2.25         4.30 - 6.14




                                    E-104



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)





                                                        AS OF DECEMBER 31
                                          --------------------------------------------
                                                          UNIT VALUE
                                                           LOWEST TO          NET
                                              UNITS       HIGHEST ($)     ASSETS ($)
                                          ------------  --------------  --------------

  BHFTI TCW Core Fixed Income       2019        22,517   10.64 - 10.77         240,520
     Division (Commenced 5/1/2015)  2018        23,865    9.95 - 10.01         238,242
                                    2017        25,274   10.02 - 10.12         255,408
                                    2016        31,998     9.90 - 9.97         318,472
                                    2015         2,096            9.86          20,663

  BHFTI Victory Sycamore Mid        2019     7,872,022    4.55 - 54.42     361,807,709
     Cap Value Division             2018     9,098,703    3.57 - 42.40     327,214,056
                                    2017    10,507,414    4.03 - 47.43     424,806,982
                                    2016    11,613,954    3.73 - 43.54     432,480,626
                                    2015    12,869,603    3.27 - 37.88     422,756,206

  BHFTI Wells Capital               2019        11,942   29.53 - 31.93         368,958
     Management Mid Cap Value       2018        12,534   22.14 - 23.82         289,513
     Division (Commenced            2017        12,681   25.94 - 27.78         342,503
     11/19/2014 and began           2016        13,137   23.79 - 25.35         324,307
     transactions in 2015)          2015         7,543   21.36 - 22.65         166,859

  BHFTI Western Asset               2019    32,564,019   10.75 - 11.67     376,497,264
     Management Government          2018    36,441,983   10.21 - 10.98     396,922,182
     Income Division                2017    41,565,748   10.44 - 11.12     458,735,090
                                    2016    47,006,535   10.39 - 10.99     511,947,386
                                    2015    46,949,292   10.52 - 10.97     511,078,026

  BHFTII Baillie Gifford            2019     6,117,346    2.10 - 25.61     123,603,248
     International Stock Division   2018     6,925,281    1.60 - 19.47     106,646,276
                                    2017     7,456,089    1.96 - 23.68     139,877,341
                                    2016     8,556,834    1.47 - 17.69     120,269,128
                                    2015     9,402,801    1.41 - 16.94     126,876,615

  BHFTII BlackRock Bond             2019     7,472,189    7.31 - 90.99     384,830,691
     Income Division                2018     8,252,602    6.74 - 83.47     391,693,026
                                    2017     9,495,090    6.86 - 84.41     455,410,535
                                    2016    10,189,467    6.68 - 81.69     470,040,574
                                    2015    10,737,933    6.57 - 79.81     478,889,253

  BHFTII BlackRock Capital          2019     4,262,514   8.66 - 101.12     192,688,204
     Appreciation Division          2018     4,857,860    6.61 - 76.69     170,334,155
                                    2017     5,314,588    6.54 - 75.43     187,945,552
                                    2016     5,990,155    4.95 - 56.76     162,149,281
                                    2015     6,648,572    5.01 - 57.13     180,849,248

  BHFTII BlackRock                  2019     3,255,640    2.35 - 25.09      44,981,636
     Ultra-Short Term Bond          2018     3,622,610    2.33 - 24.87      50,362,897
     Division                       2017     4,077,356    2.32 - 24.72      56,416,026
                                    2016     4,242,132    2.33 - 24.80      60,125,414
                                    2015     5,220,428    2.35 - 25.01      65,638,458

  BHFTII Brighthouse Asset          2019    19,652,658    1.73 - 18.39     321,894,499
     Allocation 20 Division         2018    22,770,094    1.57 - 16.54     335,855,273
                                    2017    26,632,640    1.62 - 17.07     409,028,440
                                    2016    30,580,692    1.53 - 16.04     445,624,899
                                    2015    33,195,826   12.79 - 15.42     471,604,392




                                                    FOR THE YEAR ENDED DECEMBER 31
                                          --------------------------------------------------
                                          INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                             INCOME          LOWEST TO          LOWEST TO
                                            RATIO (%)       HIGHEST (%)        HIGHEST (%)
                                          -------------  ----------------  -----------------

  BHFTI TCW Core Fixed Income       2019      3.06          1.10 - 1.35          6.94 - 7.20
     Division (Commenced 5/1/2015)  2018      2.32          1.20 - 1.35      (1.28) - (1.13)
                                    2017      1.60          1.20 - 1.60          1.19 - 1.59
                                    2016      0.70          1.20 - 1.60          0.59 - 0.99
                                    2015        --                 1.35               (1.39)

  BHFTI Victory Sycamore Mid        2019      1.16          0.50 - 2.25        26.12 - 28.34
     Cap Value Division             2018      0.64          0.50 - 2.25    (12.16) - (10.60)
                                    2017      0.99          0.50 - 2.25          7.05 - 8.93
                                    2016      0.71          0.50 - 2.25        12.93 - 14.93
                                    2015      0.54          0.50 - 2.30     (11.05) - (6.69)

  BHFTI Wells Capital               2019      0.66          1.10 - 1.60        33.38 - 34.05
     Management Mid Cap Value       2018      0.97          1.10 - 1.60    (14.68) - (14.24)
     Division (Commenced            2017      1.05          1.10 - 1.60          9.04 - 9.58
     11/19/2014 and began           2016      0.87          1.10 - 1.60        11.39 - 11.95
     transactions in 2015)          2015      0.46          1.10 - 1.60    (10.56) - (10.11)

  BHFTI Western Asset               2019      2.73          1.15 - 2.10          5.26 - 6.26
     Management Government          2018      2.79          1.15 - 2.10      (2.15) - (1.21)
     Income Division                2017      2.20          1.15 - 2.10          0.47 - 1.43
                                    2016      2.08          1.10 - 2.10        (0.79) - 0.21
                                    2015      2.33          1.10 - 2.00      (1.56) - (0.67)

  BHFTII Baillie Gifford            2019      1.23          0.95 - 2.15        29.75 - 31.57
     International Stock Division   2018      1.06          0.95 - 2.25    (19.05) - (17.80)
                                    2017      1.13          0.95 - 2.25        31.90 - 33.88
                                    2016      1.51          0.95 - 2.15          2.97 - 4.39
                                    2015      1.59          0.95 - 2.15      (4.23) - (2.89)

  BHFTII BlackRock Bond             2019      3.61          0.50 - 2.25          7.12 - 9.12
     Income Division                2018      3.25          0.50 - 2.25      (2.84) - (1.00)
                                    2017      2.99          0.50 - 2.25          1.54 - 3.43
                                    2016      3.06          0.50 - 2.25          0.58 - 2.46
                                    2015      3.72          0.50 - 2.25      (1.89) - (0.06)

  BHFTII BlackRock Capital          2019      0.02          0.50 - 2.25        29.57 - 31.99
     Appreciation Division          2018      0.01          0.50 - 2.25        (0.11) - 1.76
                                    2017      0.01          0.50 - 2.25        30.61 - 33.07
                                    2016        --          0.50 - 2.25      (2.37) - (0.56)
                                    2015        --          0.50 - 2.25          0.67 - 5.59

  BHFTII BlackRock                  2019      1.60          0.90 - 2.00        (0.14) - 1.21
     Ultra-Short Term Bond          2018      0.78          0.90 - 2.15        (0.52) - 0.89
     Division                       2017      0.11          0.90 - 2.15      (1.40) - (0.01)
                                    2016      0.01          0.90 - 2.25      (2.03) - (0.55)
                                    2015        --          0.95 - 2.25      (2.23) - (0.27)

  BHFTII Brighthouse Asset          2019      2.18          0.50 - 2.25         9.25 - 11.18
     Allocation 20 Division         2018      2.19          0.50 - 2.25      (4.79) - (3.10)
                                    2017      2.08          0.50 - 2.25          4.56 - 6.40
                                    2016      3.24          0.50 - 2.25          2.20 - 4.01
                                    2015      2.10          0.50 - 2.25      (2.80) - (1.08)





                                    E-105



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)




                                                      AS OF DECEMBER 31
                                        --------------------------------------------
                                                        UNIT VALUE
                                                         LOWEST TO          NET
                                            UNITS       HIGHEST ($)     ASSETS ($)
                                        ------------  --------------  --------------

  BHFTII Brighthouse Asset        2019    49,796,769    1.94 - 20.58     908,735,683
     Allocation 40 Division       2018    57,833,464    1.69 - 17.89     925,660,947
                                  2017    68,087,417    1.73 - 18.81   1,155,673,990
                                  2016    78,507,145    1.63 - 17.09   1,211,312,236
                                  2015    85,328,132   13.43 - 16.19   1,274,255,459

  BHFTII Brighthouse Asset        2019   157,596,785    2.13 - 22.64   3,165,966,352
     Allocation 60 Division       2018   183,867,868    1.80 - 19.05   3,131,421,270
                                  2017   213,872,364    1.88 - 20.40   3,928,953,268
                                  2016   240,019,648    1.71 - 17.87   3,877,916,522
                                  2015   257,093,725   14.06 - 16.77   3,978,556,726

  BHFTII Brighthouse Asset        2019    76,334,895    2.31 - 24.54   1,670,394,964
     Allocation 80 Division       2018    85,633,821    1.89 - 19.93   1,533,821,665
                                  2017    98,239,149    2.01 - 21.80   1,933,591,736
                                  2016   108,427,987    1.70 - 18.39   1,808,886,432
                                  2015   116,127,054    1.59 - 17.09   1,834,003,576

  BHFTII Brighthouse/Artisan      2019     3,807,667    6.35 - 73.90     186,211,530
     Mid Cap Value Division       2018     4,305,631    5.20 - 60.16     171,734,105
                                  2017     4,884,190    6.07 - 69.84     226,673,877
                                  2016     5,613,562    5.45 - 62.37     233,427,628
                                  2015     5,928,571    4.50 - 51.10     200,994,480

  BHFTII Brighthouse/Dimensional  2019       299,239   23.71 - 26.37       7,739,398
     International Small Company  2018       342,338   19.67 - 21.67       7,285,386
     Division                     2017       353,646   25.40 - 27.58       9,595,917
                                  2016       396,617   19.78 - 21.38       8,357,661
                                  2015       383,113   19.08 - 20.42       7,726,121

  BHFTII Brighthouse/Wellington   2019     8,451,244   1.69 - 102.66     574,717,552
     Balanced Division            2018     9,307,629    1.40 - 84.26     521,756,898
                                  2017    10,336,562    1.47 - 88.39     610,158,972
                                  2016    11,309,419    1.30 - 77.49     587,936,841
                                  2015    12,350,663    1.23 - 73.12     613,073,212

  BHFTII Brighthouse/Wellington   2019     8,239,874    8.40 - 97.90     520,632,824
     Core Equity Opportunities    2018     9,569,314    6.51 - 75.31     471,467,558
     Division                     2017    11,256,241    6.60 - 75.96     570,742,746
                                  2016    12,871,913    5.62 - 64.26     555,287,850
                                  2015    14,083,686    5.31 - 60.32     568,631,560

  BHFTII Frontier Mid Cap         2019     5,529,994  12.90 - 134.83     494,555,658
     Growth Division              2018     6,195,073   9.78 - 102.24     422,776,437
                                  2017     6,921,843  10.48 - 109.39     508,449,789
                                  2016     7,660,214    8.45 - 88.16     455,250,831
                                  2015     8,386,483   20.77 - 84.44     481,166,004

  BHFTII Jennison Growth          2019    11,874,095    1.65 - 43.21     211,338,418
     Division                     2018    13,877,939    1.26 - 32.84     185,385,848
                                  2017    14,946,828    1.27 - 33.03     203,130,928
                                  2016    16,378,562    0.94 - 24.28     166,434,950
                                  2015    17,957,908    0.95 - 24.47     184,782,553




                                                  FOR THE YEAR ENDED DECEMBER 31
                                        --------------------------------------------------
                                        INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                           INCOME          LOWEST TO          LOWEST TO
                                          RATIO (%)       HIGHEST (%)        HIGHEST (%)
                                        -------------  ----------------  -----------------

  BHFTII Brighthouse Asset        2019      2.19          0.50 - 2.15        13.14 - 15.02
     Allocation 40 Division       2018      2.01          0.50 - 2.25      (6.54) - (4.88)
                                  2017      1.98          0.50 - 2.25         8.19 - 10.09
                                  2016      3.56          0.50 - 2.25          3.73 - 5.56
                                  2015      0.29          0.50 - 2.25      (3.27) - (1.57)

  BHFTII Brighthouse Asset        2019      1.96          0.50 - 2.15        16.88 - 18.83
     Allocation 60 Division       2018      1.66          0.50 - 2.15      (8.13) - (6.60)
                                  2017      1.74          0.50 - 2.15        12.30 - 14.16
                                  2016      3.16          0.50 - 2.15          4.83 - 6.57
                                  2015      0.54          0.50 - 2.15      (3.37) - (0.74)

  BHFTII Brighthouse Asset        2019      1.77          0.50 - 2.15        21.10 - 23.11
     Allocation 80 Division       2018      1.33          0.50 - 2.25     (10.17) - (8.57)
                                  2017      1.56          0.50 - 2.25        16.52 - 18.57
                                  2016      2.97          0.50 - 2.25          5.73 - 7.60
                                  2015      0.35          0.50 - 2.30      (3.93) - (0.91)

  BHFTII Brighthouse/Artisan      2019      0.62          0.50 - 2.25        20.69 - 22.82
     Mid Cap Value Division       2018      0.49          0.50 - 2.25    (15.36) - (13.85)
                                  2017      0.58          0.50 - 2.25        10.04 - 11.98
                                  2016      0.97          0.50 - 2.25        19.92 - 22.04
                                  2015      1.04          0.50 - 2.25    (11.68) - (10.12)

  BHFTII Brighthouse/Dimensional  2019      1.03          1.10 - 2.05        20.54 - 21.69
     International Small Company  2018      2.54          1.10 - 2.05    (22.18) - (21.44)
     Division                     2017      1.96          1.10 - 2.00        27.87 - 29.02
                                  2016      1.94          1.10 - 2.05          3.68 - 4.67
                                  2015      1.71          1.10 - 2.05          3.61 - 4.60

  BHFTII Brighthouse/Wellington   2019      2.18          0.90 - 2.15        20.24 - 21.89
     Balanced Division            2018      1.73          0.90 - 2.15      (5.93) - (4.63)
                                  2017      1.88          0.90 - 2.15        12.52 - 14.11
                                  2016      2.73          0.90 - 2.15          4.55 - 6.04
                                  2015      1.92          0.95 - 2.15          0.22 - 1.61

  BHFTII Brighthouse/Wellington   2019      1.45          0.50 - 2.25        27.74 - 30.09
     Core Equity Opportunities    2018      1.58          0.50 - 2.25      (2.58) - (0.74)
     Division                     2017      1.39          0.50 - 2.25        16.17 - 18.30
                                  2016      1.45          0.50 - 2.25          4.67 - 6.65
                                  2015      1.59          0.50 - 2.30        (0.18) - 4.02

  BHFTII Frontier Mid Cap         2019        --          0.90 - 2.25        29.88 - 31.88
     Growth Division              2018        --          0.90 - 2.25      (8.01) - (6.54)
                                  2017        --          0.90 - 2.25        22.16 - 24.09
                                  2016        --          0.90 - 2.25          2.82 - 4.41
                                  2015        --          0.95 - 2.25          0.32 - 1.91

  BHFTII Jennison Growth          2019      0.26          0.50 - 2.25        29.55 - 31.83
     Division                     2018      0.17          0.50 - 2.25      (2.13) - (0.39)
                                  2017      0.13          0.50 - 2.25        33.95 - 36.31
                                  2016      0.07          0.50 - 2.25      (2.35) - (0.63)
                                  2015      0.06          0.50 - 2.25          8.08 - 9.99




                                    E-106



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)





                                                      AS OF DECEMBER 31
                                        --------------------------------------------
                                                        UNIT VALUE
                                                         LOWEST TO          NET
                                            UNITS       HIGHEST ($)     ASSETS ($)
                                        ------------  --------------  --------------

  BHFTII Loomis Sayles Small      2019     3,029,622    8.44 - 98.93     157,396,600
     Cap Core Division            2018     3,400,873    6.81 - 79.40     144,075,649
                                  2017     3,862,700    7.77 - 89.96     185,343,480
                                  2016     4,342,911    6.83 - 78.65     181,016,875
                                  2015     4,874,168    5.81 - 66.44     170,029,570

  BHFTII Loomis Sayles Small      2019     2,127,099    2.81 - 35.51      57,340,292
     Cap Growth Division          2018     2,501,161    2.25 - 28.26      54,202,419
                                  2017     2,468,467    2.28 - 28.37      54,566,730
                                  2016     2,721,567    1.82 - 22.54      48,392,379
                                  2015     3,053,307    1.74 - 21.43      51,758,280

  BHFTII MetLife Aggregate        2019    51,794,175    1.79 - 21.48     952,097,631
     Bond Index Division          2018    56,750,323    1.68 - 19.93     974,062,147
                                  2017    64,574,871    1.71 - 20.12   1,126,629,342
                                  2016    67,082,177    1.68 - 19.64   1,148,709,486
                                  2015    68,245,879    1.67 - 19.32   1,156,862,410

  BHFTII MetLife Mid Cap          2019    12,674,256    3.88 - 45.76     500,876,128
     Stock Index Division         2018    14,264,640    3.13 - 36.63     453,810,251
                                  2017    16,065,965    3.58 - 41.60     580,186,948
                                  2016    17,710,513    3.14 - 36.16     557,664,712
                                  2015    19,052,817    2.65 - 30.25     508,407,680

  BHFTII MetLife MSCI EAFE(R)     2019    25,852,531    1.74 - 23.99     460,668,541
     Index Division               2018    28,690,901    1.45 - 19.86     424,811,670
                                  2017    30,129,062    1.71 - 23.29     524,736,160
                                  2016    34,611,269    1.39 - 18.82     489,403,933
                                  2015    34,877,903    1.40 - 18.91     494,277,850

  BHFTII MetLife Russell 2000(R)  2019     8,484,812    3.80 - 45.49     330,807,385
     Index Division               2018     9,453,823    3.07 - 36.49     297,512,830
                                  2017    10,459,851    3.51 - 41.29     373,905,362
                                  2016    11,262,895    3.11 - 36.28     355,330,009
                                  2015    12,012,694    2.60 - 30.14     318,122,044

  BHFTII MetLife Stock Index      2019    29,028,565  10.23 - 131.63   3,037,442,351
     Division                     2018    33,091,820   7.93 - 101.14   2,669,705,723
                                  2017    37,306,057   8.44 - 106.81   3,191,113,485
                                  2016    41,650,103    7.06 - 88.55   2,971,460,417
                                  2015    45,195,410    6.42 - 79.90   2,922,726,168

  BHFTII MFS(R) Total Return      2019     2,894,622   1.46 - 105.82     123,762,477
     Division                     2018     3,322,036    1.22 - 88.58     117,516,215
                                  2017     3,778,366    1.31 - 94.51     145,097,990
                                  2016     4,213,037    1.18 - 84.68     146,385,435
                                  2015     4,556,651    6.64 - 78.13     143,114,163

  BHFTII MFS(R) Value Division    2019    47,345,124    1.90 - 37.29     665,585,348
                                  2018    52,559,197    1.48 - 29.04     598,234,094
                                  2017    20,677,338    1.67 - 32.71     523,781,737
                                  2016    23,336,266    1.44 - 28.13     506,526,529
                                  2015    24,529,013    1.27 - 24.92     475,285,633




                                                  FOR THE YEAR ENDED DECEMBER 31
                                        --------------------------------------------------
                                        INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                           INCOME          LOWEST TO          LOWEST TO
                                          RATIO (%)       HIGHEST (%)        HIGHEST (%)
                                        -------------  ----------------  -----------------

  BHFTII Loomis Sayles Small      2019      0.01          0.50 - 2.25        22.44 - 24.60
     Cap Core Division            2018      0.01          0.50 - 2.25    (13.28) - (11.74)
                                  2017      0.14          0.50 - 2.25        12.41 - 14.39
                                  2016      0.15          0.50 - 2.25        16.33 - 18.38
                                  2015      0.05          0.50 - 2.25      (3.93) - (2.23)

  BHFTII Loomis Sayles Small      2019        --          0.50 - 2.10        23.88 - 25.88
     Cap Growth Division          2018        --          0.50 - 2.15      (1.82) - (0.22)
                                  2017        --          0.50 - 2.15        24.05 - 26.05
                                  2016        --          0.50 - 2.10          3.95 - 5.52
                                  2015        --          0.50 - 2.10        (0.56) - 0.92

  BHFTII MetLife Aggregate        2019      3.03          0.50 - 2.25          5.93 - 7.93
     Bond Index Division          2018      2.86          0.50 - 2.25      (2.68) - (0.82)
                                  2017      2.75          0.50 - 2.25          0.68 - 2.60
                                  2016      2.62          0.50 - 2.25        (0.13) - 1.69
                                  2015      2.76          0.50 - 2.25      (2.14) - (0.39)

  BHFTII MetLife Mid Cap          2019      1.21          0.50 - 2.25        22.77 - 24.94
     Stock Index Division         2018      1.09          0.50 - 2.25    (13.49) - (11.95)
                                  2017      1.22          0.50 - 2.25        13.06 - 15.05
                                  2016      1.11          0.50 - 2.25        17.47 - 19.54
                                  2015      1.00          0.50 - 2.25      (4.79) - (2.52)

  BHFTII MetLife MSCI EAFE(R)     2019      2.54          0.50 - 2.25        18.85 - 20.94
     Index Division               2018      2.83          0.50 - 2.25    (16.00) - (14.51)
                                  2017      2.57          0.50 - 2.25        21.84 - 23.99
                                  2016      2.46          0.50 - 2.25        (1.25) - 0.50
                                  2015      3.03          0.50 - 2.30      (3.52) - (1.36)

  BHFTII MetLife Russell 2000(R)  2019      1.03          0.50 - 2.25        22.52 - 24.68
     Index Division               2018      0.98          0.50 - 2.25    (13.17) - (11.63)
                                  2017      1.09          0.50 - 2.25        11.85 - 13.82
                                  2016      1.24          0.50 - 2.25        18.27 - 20.36
                                  2015      1.07          0.50 - 2.30      (6.66) - (3.68)

  BHFTII MetLife Stock Index      2019      2.05          0.50 - 2.25        27.89 - 30.30
     Division                     2018      1.71          0.50 - 2.25      (6.96) - (5.22)
                                  2017      1.68          0.50 - 2.25        18.54 - 20.76
                                  2016      1.91          0.50 - 2.25         8.90 - 10.95
                                  2015      1.65          0.50 - 2.25        (1.33) - 2.90

  BHFTII MFS(R) Total Return      2019      2.23          0.50 - 2.15        17.52 - 19.47
     Division                     2018      2.17          0.50 - 2.15      (7.82) - (6.28)
                                  2017      2.39          0.50 - 2.15         9.79 - 11.61
                                  2016      2.79          0.50 - 2.15          6.61 - 8.38
                                  2015      2.47          0.50 - 2.15      (2.52) - (0.90)

  BHFTII MFS(R) Value Division    2019      1.75          0.50 - 2.25        26.96 - 29.29
                                  2018      1.47          0.50 - 2.25     (12.25) - (7.60)
                                  2017      1.89          0.50 - 2.15        15.20 - 17.24
                                  2016      2.11          0.50 - 2.15        11.77 - 13.65
                                  2015      2.54          0.50 - 2.15        (2.39) - 2.33





                                    E-107



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)




                                                           AS OF DECEMBER 31
                                             ---------------------------------------------
                                                              UNIT VALUE
                                                               LOWEST TO          NET
                                                 UNITS        HIGHEST ($)     ASSETS ($)
                                             ------------  ---------------  --------------

  BHFTII Neuberger Berman              2019     7,645,037     4.01 - 45.24     287,729,651
     Genesis Division                  2018     8,679,175     3.14 - 35.14     255,498,599
                                       2017     9,828,019     1.67 - 37.96     314,115,956
                                       2016    11,028,717     2.98 - 33.04     306,388,412
                                       2015    12,205,331     1.24 - 28.04     289,271,341

  BHFTII T. Rowe Price Large           2019    15,477,657     2.50 - 51.46     629,369,388
     Cap Growth Division               2018    17,216,055     1.94 - 39.60     539,361,977
                                       2017    18,998,068     1.98 - 40.27     609,640,874
                                       2016    20,326,210     1.50 - 30.32     491,684,512
                                       2015    20,053,722     1.50 - 30.01     499,123,184

  BHFTII T. Rowe Price Small           2019     8,620,361     5.30 - 61.52     455,812,251
     Cap Growth Division               2018     9,657,475     4.04 - 46.55     388,577,931
                                       2017    10,715,353     4.38 - 50.18     467,200,326
                                       2016    11,498,401     3.62 - 41.16     412,938,416
                                       2015    12,314,868     3.28 - 37.11     405,415,335

  BHFTII Van Eck Global                2019     2,701,656     9.09 - 10.11      26,913,827
     Natural Resources Division        2018     2,687,622      8.26 - 9.10      24,101,859
                                       2017     2,921,930    11.85 - 12.93      37,269,860
                                       2016     2,736,220    12.18 - 13.17      35,592,317
                                       2015     3,453,656      8.65 - 9.26      31,642,400

  BHFTII Western Asset                 2019    12,363,002     1.20 - 44.27     422,719,703
     Management Strategic Bond         2018    13,731,347     1.09 - 38.95     422,543,762
     Opportunities Division            2017    15,854,082     1.15 - 40.79     514,265,588
                                       2016    17,633,082     1.08 - 37.98     535,867,222
                                       2015     7,434,184     1.01 - 35.24     189,250,242

  BHFTII Western Asset                 2019     7,078,457     2.00 - 23.25     130,271,257
     Management U.S. Government        2018     7,773,582     1.91 - 22.09     137,000,881
     Division                          2017     9,021,983     1.92 - 22.04     159,678,213
                                       2016     9,582,786     1.90 - 21.79     167,406,266
                                       2015    10,199,735     1.91 - 21.68     179,151,852

  BlackRock Global Allocation          2019         4,191    23.66 - 25.64         102,023
     V.I. Division                     2018         4,210    20.41 - 22.02          88,248
     (Commenced 11/19/2014             2017         4,188    22.44 - 24.09          96,276
     and began transactions in 2015)   2016        25,590    20.06 - 21.42         521,354
                                       2015        24,602    19.63 - 20.86         489,446

  Calvert VP SRI Balanced              2019     1,030,290    40.38 - 54.81      52,926,119
     Division                          2018     1,063,592    32.97 - 44.61      44,653,283
                                       2017     1,186,460    34.40 - 46.41      51,869,403
                                       2016     1,327,240    31.20 - 41.95      52,584,587
                                       2015     1,430,108    29.38 - 39.38      53,307,044

  Calvert VP SRI Mid Cap               2019       109,291            73.85       8,071,600
     Division                          2018       126,305            56.76       7,168,514
                                       2017       145,874            59.95       8,745,518
                                       2016       186,977            54.20      10,134,827
                                       2015       227,418            51.03      11,604,230




                                                       FOR THE YEAR ENDED DECEMBER 31
                                             --------------------------------------------------
                                             INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3)
                                                INCOME          LOWEST TO         LOWEST TO
                                               RATIO (%)       HIGHEST (%)       HIGHEST (%)
                                             -------------  ----------------  -----------------

  BHFTII Neuberger Berman              2019      0.12          0.50 - 2.15        26.73 - 28.76
     Genesis Division                  2018      0.23          0.50 - 2.25      (9.07) - (7.45)
                                       2017      0.29          0.50 - 2.15        13.16 - 14.91
                                       2016      0.34          0.50 - 2.15        16.02 - 17.80
                                       2015      0.29          0.50 - 2.15      (1.71) - (0.12)

  BHFTII T. Rowe Price Large           2019      0.26          0.50 - 2.25        27.68 - 29.94
     Cap Growth Division               2018      0.27          0.50 - 2.25      (3.37) - (1.65)
                                       2017      0.15          0.50 - 2.25        30.52 - 32.81
                                       2016      0.02          0.50 - 2.25        (0.73) - 1.03
                                       2015      0.04          0.50 - 2.25          1.40 - 9.96

  BHFTII T. Rowe Price Small           2019      0.02          0.50 - 2.25        29.88 - 32.17
     Cap Growth Division               2018      0.05          0.50 - 2.25      (8.87) - (7.25)
                                       2017      0.19          0.50 - 2.25        19.82 - 21.92
                                       2016      0.14          0.50 - 2.25         9.00 - 10.93
                                       2015      0.07          0.50 - 2.25          0.18 - 1.95

  BHFTII Van Eck Global                2019      0.34          1.10 - 2.05        10.07 - 11.12
     Natural Resources Division        2018        --          1.10 - 2.05    (30.31) - (29.64)
                                       2017        --          1.10 - 2.05      (2.75) - (1.82)
                                       2016      0.59          1.10 - 2.05        40.82 - 42.17
                                       2015      0.21          1.10 - 2.05    (34.12) - (33.49)

  BHFTII Western Asset                 2019      4.75          0.50 - 2.15        11.86 - 13.66
     Management Strategic Bond         2018      5.21          0.50 - 2.25      (6.17) - (4.51)
     Opportunities Division            2017      3.80          0.50 - 2.25          5.54 - 7.40
                                       2016      1.96          0.50 - 2.25          4.02 - 7.76
                                       2015      4.96          0.50 - 2.15      (4.04) - (2.35)

  BHFTII Western Asset                 2019      2.56          0.50 - 2.15          3.63 - 5.25
     Management U.S. Government        2018      2.11          0.50 - 2.25        (1.56) - 0.19
     Division                          2017      2.46          0.50 - 2.25        (0.58) - 1.17
                                       2016      2.41          0.50 - 2.25        (1.23) - 0.52
                                       2015      2.10          0.50 - 2.25      (1.92) - (0.19)

  BlackRock Global Allocation          2019      1.30          1.10 - 1.60        15.89 - 16.47
     V.I. Division                     2018      0.81          1.10 - 1.60      (9.05) - (8.60)
     (Commenced 11/19/2014             2017      0.30          1.10 - 1.60        11.91 - 12.47
     and began transactions in 2015)   2016      1.30          1.10 - 1.60          2.16 - 2.67
                                       2015      0.66          1.10 - 1.60      (2.57) - (0.60)

  Calvert VP SRI Balanced              2019      1.57          0.50 - 1.55        22.49 - 23.78
     Division                          2018      1.74          0.50 - 1.55      (4.17) - (3.16)
                                       2017      1.97          0.50 - 1.55        10.28 - 11.44
                                       2016      1.82          0.50 - 1.55          6.20 - 7.32
                                       2015      0.11          0.50 - 1.55      (3.70) - (2.68)

  Calvert VP SRI Mid Cap               2019      0.45                 0.95                30.13
     Division                          2018      0.52                 0.95               (5.33)
                                       2017      0.64                 0.95                10.61
                                       2016        --                 0.95                 6.23
                                       2015        --                 0.95               (4.19)




                                    E-108



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)





                                                           AS OF DECEMBER 31
                                             ---------------------------------------------
                                                             UNIT VALUE
                                                              LOWEST TO           NET
                                                 UNITS       HIGHEST ($)      ASSETS ($)
                                             ------------  ---------------  --------------

  Delaware VIP Small Cap               2019           448             1.55             697
     Value Division (Commenced         2018         5,992             1.22           7,333
     10/31/2013 and began              2017        14,842             1.48          22,010
     transactions in 2016)             2016        25,822             1.34          34,483

  Fidelity(R) VIP Contrafund           2019        66,654    10.19 - 10.84         717,804
     Division                          2018        72,718      7.85 - 8.34         603,131
                                       2017        89,664      8.51 - 9.01         805,722
                                       2016       161,557      7.08 - 7.48       1,206,624
                                       2015         2,695             6.65          17,911

  Fidelity(R) VIP                      2019     1,544,624   12.02 - 100.08      67,252,015
     Equity-Income Division            2018     1,815,376     9.56 - 79.28      63,735,707
                                       2017     2,048,365    10.56 - 87.27      78,340,010
                                       2016     2,327,096     9.48 - 78.04      80,761,382
                                       2015     2,619,253     8.15 - 66.75      77,695,085

  Fidelity(R) VIP Freedom 2020         2019       135,554    20.95 - 22.03       2,956,078
     Division                          2018        56,275    17.69 - 18.54       1,037,991
     (Commenced 5/1/2015               2017        63,006            19.92       1,255,251
     and began transactions in 2016)   2016        98,961            17.29       1,711,114

  Fidelity(R) VIP Freedom 2025         2019       158,625    22.46 - 23.62       3,657,061
     Division (Commenced 5/1/2015      2018        58,278    18.71 - 19.61       1,132,045
     and began transactions in 2016)   2017        38,578    20.57 - 21.23         819,000
                                       2016        79,781            18.22       1,453,626

  Fidelity(R) VIP Freedom 2030         2019       178,878    23.03 - 24.25       4,308,863
     Division (Commenced 5/1/2015      2018       149,868    18.81 - 19.71       2,953,022
     and began transactions in 2016)   2017       139,649    20.96 - 21.63       3,021,173
                                       2016       115,111            18.09       2,081,941

  Fidelity(R) VIP Freedom 2035         2019        15,788    31.21 - 32.22         499,141
     Division                          2018         4,218    24.86 - 25.59         105,591
     (Commenced 4/30/2018)

  Fidelity(R) VIP Freedom 2040         2019        39,636    31.47 - 34.29       1,297,820
     Division                          2018        19,309    25.00 - 25.85         498,777
     (Commenced 5/1/2015               2017        18,419    28.39 - 29.02         534,464
     and began transactions in 2016)   2016         7,760            23.75         184,274

  Fidelity(R) VIP Freedom 2045         2019        26,012    32.04 - 33.08         851,015
     Division                          2018         4,811    25.30 - 26.04         124,900
     (Commenced 4/30/2018)

  Fidelity(R) VIP Freedom 2050         2019        41,247    31.63 - 33.56       1,369,729
     Division (Commenced 5/1/2015      2018        13,729    25.54 - 26.41         362,109
     and began transactions in 2016)   2017         8,553            29.65         253,618
                                       2016         6,075            24.27         147,402

  Fidelity(R) VIP FundsManager         2019    15,805,863    15.79 - 16.12     252,823,113
     50% Division                      2018    18,690,885    13.67 - 13.93     258,652,350
                                       2017    21,200,158    14.72 - 14.98     315,705,343
                                       2016    22,355,817    13.13 - 13.34     296,580,947
                                       2015    22,380,417    12.86 - 13.05     290,525,141


                                                        FOR THE YEAR ENDED DECEMBER 31
                                             --------------------------------------------------
                                             INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                                INCOME          LOWEST TO          LOWEST TO
                                               RATIO (%)       HIGHEST (%)        HIGHEST (%)
                                             -------------  ----------------  -----------------

  Delaware VIP Small Cap               2019      2.01                 0.90                26.99
     Value Division (Commenced         2018      0.61                 0.90              (17.47)
     10/31/2013 and began              2017      0.95                 0.90                11.05
     transactions in 2016)             2016      0.28                 0.90                30.23

  Fidelity(R) VIP Contrafund           2019      0.22          0.90 - 1.15        29.77 - 30.10
     Division                          2018      0.41          0.90 - 1.15      (7.71) - (7.48)
                                       2017      0.68          0.90 - 1.15        20.20 - 20.50
                                       2016      1.15          0.90 - 1.15          6.50 - 6.76
                                       2015      0.97                 1.15               (0.73)

  Fidelity(R) VIP                      2019      1.89          0.95 - 1.35        25.73 - 26.24
     Equity-Income Division            2018      2.20          0.95 - 1.35      (9.53) - (9.16)
                                       2017      1.66          0.95 - 1.35        11.38 - 11.83
                                       2016      2.27          0.95 - 1.35        16.44 - 16.91
                                       2015      3.06          0.95 - 1.35      (5.25) - (4.87)

  Fidelity(R) VIP Freedom 2020         2019      2.17          0.90 - 1.25        18.40 - 18.80
     Division                          2018      1.25          0.90 - 1.25      (6.92) - (5.28)
     (Commenced 5/1/2015               2017      1.16                 0.90                15.22
     and began transactions in 2016)   2016      2.32                 0.90                 4.85

  Fidelity(R) VIP Freedom 2025         2019      2.24          0.90 - 1.25         8.00 - 20.42
     Division (Commenced 5/1/2015      2018      1.34          0.90 - 1.25      (7.62) - (6.00)
     and began transactions in 2016)   2017      0.87          0.90 - 1.15        16.23 - 16.52
                                       2016      2.70                 0.90                 5.03

  Fidelity(R) VIP Freedom 2030         2019      1.87          0.90 - 1.25         8.63 - 23.00
     Division (Commenced 5/1/2015      2018      1.19          0.90 - 1.25      (8.88) - (7.27)
     and began transactions in 2016)   2017      0.96          0.90 - 1.15        19.32 - 19.62
                                       2016      2.70                 0.90                 5.42

  Fidelity(R) VIP Freedom 2035         2019      2.87          0.95 - 1.25         8.77 - 25.93
     Division                          2018      1.79          0.95 - 1.25      (9.85) - (9.67)
     (Commenced 4/30/2018)

  Fidelity(R) VIP Freedom 2040         2019      2.04          0.50 - 1.30         9.54 - 27.08
     Division                          2018      0.96          0.90 - 1.25     (11.16) - (9.46)
     (Commenced 5/1/2015               2017      1.03          0.90 - 1.15        21.89 - 22.19
     and began transactions in 2016)   2016      2.03                 0.90                 5.57

  Fidelity(R) VIP Freedom 2045         2019      2.46          0.95 - 1.25         9.66 - 27.05
     Division                          2018      2.32          0.95 - 1.25    (10.45) - (10.27)
     (Commenced 4/30/2018)

  Fidelity(R) VIP Freedom 2050         2019      2.34          0.90 - 1.45         9.43 - 27.07
     Division (Commenced 5/1/2015      2018      1.18          0.90 - 1.25     (10.94) - (9.48)
     and began transactions in 2016)   2017      1.09                 0.90                22.20
                                       2016      1.81                 0.90                 5.60

  Fidelity(R) VIP FundsManager         2019      1.61          1.90 - 2.05        15.50 - 15.67
     50% Division                      2018      1.35          1.90 - 2.05      (7.14) - (7.00)
                                       2017      1.15          1.90 - 2.05        12.14 - 12.31
                                       2016      1.24          1.90 - 2.05          2.11 - 2.26
                                       2015      1.24          1.90 - 2.05      (1.89) - (1.75)



                                    E-109



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)




                                                          AS OF DECEMBER 31
                                             -------------------------------------------
                                                             UNIT VALUE
                                                              LOWEST TO         NET
                                                UNITS        HIGHEST ($)    ASSETS ($)
                                             ------------  --------------  -------------

  Fidelity(R) VIP FundsManager         2019    15,189,665   15.48 - 15.97    239,540,942
     60% Division                      2018    17,207,125   13.12 - 13.50    229,662,248
                                       2017    19,728,179   14.32 - 14.70    286,973,777
                                       2016    22,614,243   12.50 - 12.80    286,717,673
                                       2015    24,528,850   12.19 - 12.44    302,657,716

  Fidelity(R) VIP Government           2019       330,518           16.38      5,414,916
     Money Market Division             2018       330,351           16.21      5,355,641
                                       2017       311,112           16.10      5,009,176
                                       2016       379,214    9.89 - 16.14      6,122,223
                                       2015       554,548   10.08 - 16.26      8,080,715

  Fidelity(R) VIP Growth               2019       744,359          132.39     98,544,772
     Division                          2018       879,956           99.50     87,558,490
                                       2017       980,268          100.62     98,637,848
                                       2016     1,115,679           75.17     83,862,383
                                       2015     1,266,107           75.28     95,310,704

  Fidelity(R) VIP Investment           2019       240,865           37.39      9,006,440
     Grade Bond Division               2018       255,936           34.42      8,809,328
                                       2017       293,120           34.93     10,239,907
                                       2016       365,398           33.84     12,364,481
                                       2015       424,477           32.61     13,843,675

  Fidelity(R) VIP Mid Cap              2019        51,631            8.60        444,178
     Division (Commenced               2018        59,331            7.05        418,140
     10/31/2013 and began              2017        81,118     7.96 - 8.34        676,874
     transactions in 2016)             2016        92,941            6.99        649,196

  FTVIPT Templeton Developing          2019        24,767            1.91         47,307
     Markets VIP Division              2018        88,922            1.52        135,271
     (Commenced 10/31/2013             2017        83,878            1.82        152,910
     and began transactions in 2016)   2016       168,845            1.31        221,198

  FTVIPT Templeton Foreign             2019            --            4.26             --
     VIP Division (Commenced           2018           159            3.82            609
     10/31/2013 and began              2017           159     4.27 - 4.56            726
     transactions in 2016.             2016           353            3.94          1,390
     Had no net assets at
     December 31, 2019.)

  Ivy VIP Asset Strategy               2019           110           18.95          2,080
     Division                          2018           128           15.77          2,017
     (Commenced 11/19/2014             2017           167           16.91          2,827
     and began transactions in 2015)   2016           183           14.49          2,650
                                       2015           191           15.07          2,882

  Janus Henderson Enterprise           2019        10,195           12.90        131,537
     Division (Commenced               2018        10,917            9.63        105,150
     10/31/2013 and began              2017        15,309            9.78        149,792
     transactions in 2016)             2016        31,893            7.77        247,764




                                                      FOR THE YEAR ENDED DECEMBER 31
                                             -------------------------------------------------
                                             INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3)
                                                INCOME          LOWEST TO         LOWEST TO
                                               RATIO (%)       HIGHEST (%)       HIGHEST (%)
                                             -------------  ----------------  ----------------

  Fidelity(R) VIP FundsManager         2019      1.49          1.85 - 2.10       17.98 - 18.28
     60% Division                      2018      1.18          1.85 - 2.10     (8.39) - (8.16)
                                       2017      1.05          1.85 - 2.10       14.56 - 14.85
                                       2016      1.22          1.85 - 2.10         2.61 - 2.87
                                       2015      1.10          1.85 - 2.10     (1.68) - (1.43)

  Fidelity(R) VIP Government           2019      1.99                 0.95                1.06
     Money Market Division             2018      1.64                 0.95                0.69
                                       2017      0.66                 0.95              (0.27)
                                       2016      0.20          0.95 - 2.05     (1.85) - (0.74)
                                       2015      0.02          0.95 - 2.05     (2.02) - (0.91)

  Fidelity(R) VIP Growth               2019      0.25                 0.95               33.05
     Division                          2018      0.24                 0.95              (1.11)
                                       2017      0.22                 0.95               33.87
                                       2016      0.04                 0.95              (0.15)
                                       2015      0.26                 0.95                6.17

  Fidelity(R) VIP Investment           2019      2.66                 0.95                8.63
     Grade Bond Division               2018      2.40                 0.95              (1.47)
                                       2017      2.28                 0.95                3.24
                                       2016      2.22                 0.95                3.76
                                       2015      2.51                 0.95              (1.53)

  Fidelity(R) VIP Mid Cap              2019      0.66                 0.90               22.07
     Division (Commenced               2018      0.36                 0.90             (15.54)
     10/31/2013 and began              2017      0.49          0.90 - 1.15       19.16 - 19.46
     transactions in 2016)             2016      0.46                 0.90               10.92

  FTVIPT Templeton Developing          2019      1.06                 0.90               25.56
     Markets VIP Division              2018      0.84                 0.90             (16.55)
     (Commenced 10/31/2013             2017      1.07                 0.90               39.15
     and began transactions in 2016)   2016      0.90                 0.90               16.39

  FTVIPT Templeton Foreign             2019        --                 0.90               11.52
     VIP Division (Commenced           2018      2.67                 0.90             (16.20)
     10/31/2013 and began              2017      2.30          0.90 - 1.15       15.36 - 15.65
     transactions in 2016.             2016      1.91                 0.90                6.21
     Had no net assets at
     December 31, 2019.)

  Ivy VIP Asset Strategy               2019      1.93                 1.35               20.15
     Division                          2018      1.81                 1.35              (6.71)
     (Commenced 11/19/2014             2017      1.58                 1.35               16.69
     and began transactions in 2015)   2016      0.58                 1.35              (3.87)
                                       2015      0.35                 1.35              (9.58)

  Janus Henderson Enterprise           2019      0.04                 0.90               33.95
     Division (Commenced               2018      0.10                 0.90              (1.56)
     10/31/2013 and began              2017      0.11                 0.90               25.95
     transactions in 2016)             2016      0.07                 0.90               11.10




                                    E-110



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)



8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)





                                                           AS OF DECEMBER 31
                                             ---------------------------------------------
                                                              UNIT VALUE
                                                               LOWEST TO          NET
                                                 UNITS        HIGHEST ($)     ASSETS ($)
                                             ------------  ---------------  --------------

  LMPVET ClearBridge Variable          2019         5,773             9.36          54,018
     Appreciation Division             2018         5,873             7.27          42,700
     (Commenced 10/31/2013             2017         6,486             7.47          48,429
     and began transactions in 2016)   2016         5,096             6.30          32,119

  LMPVET ClearBridge Variable          2019        41,412             1.83          75,932
     Dividend Strategy Division        2018        45,798             1.41          64,392
     (Commenced 10/31/2013             2017        46,671             1.49          69,596
     and began transactions in 2016)   2016        52,618             1.26          66,433

  LMPVET ClearBridge Variable          2019        92,711      4.74 - 5.01         462,772
     Large Cap Growth Division         2018       128,203      3.63 - 3.82         489,481
     (Commenced 10/31/2013             2017       132,067      3.67 - 3.86         508,988
     and began transactions in 2016)   2016       224,143      2.95 - 3.10         693,531

  LMPVET ClearBridge Variable          2019         8,421      4.93 - 5.18          43,535
     Small Cap Growth Division         2018         3,651             4.12          15,046
     (Commenced 10/31/2013             2017         6,825             4.02          27,439
     and began transactions in 2016)   2016        12,622             3.26          41,206

  LMPVIT Western Asset Core            2019        10,910             3.63          39,557
     Plus Division (Commenced          2018        25,469             3.26          83,068
     10/31/2013 and began              2017        31,136             3.37         104,815
     transactions in 2016)             2016        51,470             3.21         165,326

  Morgan Stanley VIF Global            2019         4,476    14.59 - 16.09          68,714
     Infrastructure Division           2018         5,120    11.59 - 12.72          62,114
                                       2017         4,622    12.79 - 13.96          61,644
                                       2016         4,158    11.55 - 12.54          49,884
                                       2015         5,480    10.20 - 11.03          58,000

  Oppenheimer Global                   2019            --               --              --
     Multi-Alternatives Fund/VA        2018         1,578      9.47 - 9.59          14,988
     Division                          2017         1,578     9.93 - 10.03          15,705
     (Commenced 4/28/2017
     and closed 4/26/2019)

  PIMCO VIT                            2019         5,237      6.60 - 6.77          34,970
     CommodityRealReturn(R)            2018         5,859      6.04 - 6.17          35,709
     Strategy Division                 2017         6,917      7.17 - 7.28          49,885
                                       2016         6,890      7.15 - 7.22          49,401
                                       2015         6,911      6.34 - 6.37          43,875

  PIMCO VIT Dynamic Bond               2019         8,103    10.38 - 10.65          85,343
     Division (Commenced               2018         8,338    10.08 - 10.29          85,042
     11/19/2014 and began              2017        11,816    10.17 - 10.33         121,046
     transactions in 2015)             2016        11,278      9.87 - 9.98         111,866
                                       2015         6,574      9.61 - 9.66          63,382

  PIMCO VIT Emerging Markets           2019         5,135    11.55 - 11.85          60,178
     Bond Division                     2018         6,000    10.26 - 10.47          62,180
                                       2017         6,421    10.98 - 11.15          71,038
                                       2016         8,142    10.18 - 10.29          83,339
                                       2015         7,377      9.16 - 9.21          67,775


                                                       FOR THE YEAR ENDED DECEMBER 31
                                             --------------------------------------------------
                                             INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3)
                                                INCOME          LOWEST TO         LOWEST TO
                                               RATIO (%)       HIGHEST (%)       HIGHEST (%)
                                             -------------  ----------------  -----------------

  LMPVET ClearBridge Variable          2019      1.43                 0.90                28.70
     Appreciation Division             2018      1.24                 0.90               (2.63)
     (Commenced 10/31/2013             2017      1.27                 0.90                18.48
     and began transactions in 2016)   2016      2.06                 0.90                 8.79

  LMPVET ClearBridge Variable          2019      1.45                 0.90                30.41
     Dividend Strategy Division        2018      1.56                 0.90               (5.71)
     (Commenced 10/31/2013             2017      1.52                 0.90                18.11
     and began transactions in 2016)   2016      1.98                 0.90                13.96

  LMPVET ClearBridge Variable          2019      0.31          0.90 - 1.15        30.65 - 30.98
     Large Cap Growth Division         2018      0.30          0.90 - 1.15      (1.13) - (0.88)
     (Commenced 10/31/2013             2017      0.20          0.90 - 1.15        24.33 - 24.64
     and began transactions in 2016)   2016      0.84          0.90 - 1.15          6.17 - 6.43

  LMPVET ClearBridge Variable          2019        --          0.90 - 1.15        25.42 - 25.74
     Small Cap Growth Division         2018        --                 0.90                 2.50
     (Commenced 10/31/2013             2017        --                 0.90                23.16
     and began transactions in 2016)   2016        --                 0.90                 4.85

  LMPVIT Western Asset Core            2019      3.02                 0.90                11.17
     Plus Division (Commenced          2018      3.42                 0.90               (3.11)
     10/31/2013 and began              2017      3.41                 0.90                 4.80
     transactions in 2016)             2016      5.53                 0.90                 3.61

  Morgan Stanley VIF Global            2019      2.55          1.10 - 1.60        25.84 - 26.47
     Infrastructure Division           2018      2.72          1.10 - 1.60      (9.36) - (8.90)
                                       2017      2.27          1.10 - 1.60        10.76 - 11.32
                                       2016      1.94          1.10 - 1.60        13.14 - 13.71
                                       2015      1.70          1.10 - 1.60    (15.25) - (14.83)

  Oppenheimer Global                   2019      1.10          1.10 - 1.35          2.94 - 3.03
     Multi-Alternatives Fund/VA        2018      0.17          1.10 - 1.35      (4.61) - (4.37)
     Division                          2017      0.19          1.10 - 1.35      (1.51) - (1.35)
     (Commenced 4/28/2017
     and closed 4/26/2019)

  PIMCO VIT                            2019      4.21          1.10 - 1.60          9.22 - 9.77
     CommodityRealReturn(R)            2018      1.86          1.10 - 1.60    (15.70) - (15.27)
     Strategy Division                 2017     10.82          1.10 - 1.60          0.32 - 0.82
                                       2016      0.87          1.10 - 1.60        12.80 - 13.37
                                       2015      2.81          1.10 - 1.60    (27.09) - (26.72)

  PIMCO VIT Dynamic Bond               2019      2.49          1.10 - 1.60          2.96 - 3.48
     Division (Commenced               2018      2.39          1.10 - 1.60      (0.88) - (0.38)
     11/19/2014 and began              2017      1.41          1.10 - 1.60          3.04 - 3.55
     transactions in 2015)             2016      1.41          1.10 - 1.60          2.77 - 3.28
                                       2015      6.69          1.10 - 1.60      (3.52) - (3.04)

  PIMCO VIT Emerging Markets           2019      4.12          1.10 - 1.60        12.61 - 13.17
     Bond Division                     2018      3.83          1.10 - 1.60      (6.53) - (6.06)
                                       2017      4.78          1.10 - 1.60          7.81 - 8.35
                                       2016      4.96          1.10 - 1.60        11.18 - 11.74
                                       2015      5.10          1.10 - 1.60      (4.08) - (3.60)



                                    E-111



               METROPOLITAN LIFE SEPARATE ACCOUNT E
              OF METROPOLITAN LIFE INSURANCE COMPANY
         NOTES TO THE FINANCIAL STATEMENTS -- (CONCLUDED)



8.  FINANCIAL HIGHLIGHTS -- (CONCLUDED)




                                                           AS OF DECEMBER 31
                                             --------------------------------------------
                                                             UNIT VALUE
                                                              LOWEST TO          NET
                                                 UNITS       HIGHEST ($)     ASSETS ($)
                                             ------------  --------------  --------------

  TAP 1919 Variable Socially           2019         4,540            6.71          30,482
     Responsive Balanced Division      2018         4,988            5.35          26,671
     (Commenced 12/13/2013             2017         4,430     5.11 - 5.45          24,126
     and began transactions in 2015)   2016         1,649     4.43 - 4.71           7,602
                                       2015           501            4.21           2,112


                                                      FOR THE YEAR ENDED DECEMBER 31
                                             -------------------------------------------------
                                             INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3)
                                                INCOME          LOWEST TO         LOWEST TO
                                               RATIO (%)       HIGHEST (%)       HIGHEST (%)
                                             -------------  ----------------  ----------------

  TAP 1919 Variable Socially           2019      0.94                  0.90              25.57
     Responsive Balanced Division      2018      1.09                  0.90             (1.83)
     (Commenced 12/13/2013             2017      1.34           0.90 - 1.15      15.41 - 15.70
     and began transactions in 2015)   2016      1.67           0.90 - 1.15        5.02 - 5.28
                                       2015      1.29                  1.15             (2.84)

(1) These amounts represent the dividends, excluding distributions of capital
    gains, received by the Division from the underlying fund, series, or
    portfolio, net of management fees assessed by the fund manager, divided by
    the average net assets, regardless of share class, if any. These ratios
    exclude those expenses, such as mortality and expense risk charges, that
    are assessed against Contract owner accounts either through reductions in
    the unit values or the redemption of units. The investment income ratio is
    calculated for each period indicated or from the effective date through the
    end of the reporting period. The recognition of investment income by the
    Division is affected by the timing of the declaration of dividends by the
    underlying fund, series, or portfolio in which the Division invests. The
    investment income ratio is calculated as a weighted average ratio since the
    Division may invest in two or more share classes, within the underlying
    fund, series, or portfolio of the Trusts which may have unique investment
    income ratios.

(2) These amounts represent annualized Contract expenses of each of the
    applicable Divisions, consisting primarily of mortality and expense risk
    charges, for each period indicated. The ratios include only those expenses
    that result in a direct reduction to unit values. Charges made directly to
    Contract owner accounts through the redemption of units and expenses of the
    underlying fund, series, or portfolio have been excluded.

(3) These amounts represent the total return for the period indicated,
    including changes in the value of the underlying fund, series, or
    portfolio, and expenses assessed through the reduction of unit values.
    These ratios do not include any expenses assessed through the redemption of
    units. The total return is calculated for each period indicated or from the
    effective date through the end of the reporting period. The total return is
    presented as a range of minimum to maximum returns, based on the minimum
    and maximum returns within each product grouping of the applicable
    Division.



9.  SUBSEQUENT EVENT




Since December 31, 2019, the COVID-19 virus has caused a pandemic, and
governments and businesses have taken measures such as travel bans,
quarantines, and social distancing to combat the spread of the virus. These
have disrupted business activity, as well as causing economic slowdown and
significant volatility in financial markets. The Company cannot determine or
estimate the extent to which these events have affected the Separate Account's
operations, business, financial results, or financial condition.




                                    E-112

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

              Item 8. Financial Statements and Supplementary Data

        Index to Consolidated Financial Statements, Notes and Schedules

                                                                           Page
                                                                          ------
Report of Independent Registered Public Accounting Firm..................      2
Financial Statements at December 31, 2019 and 2018 and for the Years
  Ended December 31, 2019, 2018 and 2017:
  Consolidated Balance Sheets............................................      3
  Consolidated Statements of Operations..................................      4
  Consolidated Statements of Comprehensive Income (Loss).................      5
  Consolidated Statements of Equity......................................      6
  Consolidated Statements of Cash Flows..................................      7
  Notes to the Consolidated Financial Statements.........................      9
     Note 1 -- Business, Basis of Presentation and Summary of
       Significant Accounting Policies...................................      9
     Note 2 -- Segment Information.......................................     27
     Note 3 -- Insurance.................................................     32
     Note 4 -- Deferred Policy Acquisition Costs, Value of Business
       Acquired and Other Intangibles....................................     41
     Note 5 -- Reinsurance...............................................     44
     Note 6 -- Closed Block..............................................     50
     Note 7 -- Investments...............................................     52
     Note 8 -- Derivatives...............................................     72
     Note 9 -- Fair Value................................................     84
     Note 10 -- Leases...................................................     99
     Note 11 -- Long-term and Short-term Debt............................    100
     Note 12 -- Equity...................................................    102
     Note 13 -- Other Revenues and Other Expenses........................    106
     Note 14 -- Employee Benefit Plans...................................    107
     Note 15 -- Income Tax...............................................    113
     Note 16 -- Contingencies, Commitments and Guarantees................    118
     Note 17 -- Quarterly Results of Operations (Unaudited)..............    124
     Note 18 -- Related Party Transactions...............................    125
Financial Statement Schedules at December 31, 2019 and 2018 and for
  the Years Ended December 31, 2019, 2018 and 2017:
  Schedule I -- Consolidated Summary of Investments -- Other Than
   Investments in Related Parties........................................    126
  Schedule III -- Consolidated Supplementary Insurance Information.......    127
  Schedule IV -- Consolidated Reinsurance................................    129

                                    MLIC-1

            REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the stockholder and the Board of Directors of Metropolitan Life Insurance
Company

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of Metropolitan
Life Insurance Company and subsidiaries (the "Company") as of December 31, 2019
and 2018, the related consolidated statements of operations, comprehensive
income (loss), equity, and cash flows for each of the three years in the period
ended December 31, 2019, and the related notes and the schedules listed in the
Index to Consolidated Financial Statements, Notes and Schedules (collectively
referred to as the "consolidated financial statements"). In our opinion, the
consolidated financial statements present fairly, in all material respects, the
financial position of the Company as of December 31, 2019 and 2018, and the
results of its operations and its cash flows for each of the three years in the
period ended December 31, 2019, in conformity with accounting principles
generally accepted in the United States of America.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on the Company's
consolidated financial statements based on our audits. We are a public
accounting firm registered with the Public Company Accounting Oversight Board
(United States) (PCAOB) and are required to be independent with respect to the
Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those
standards require that we plan and perform the audit to obtain reasonable
assurance about whether the consolidated financial statements are free of
material misstatement, whether due to error or fraud. The Company is not
required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. As part of our audits, we are required to
obtain an understanding of internal control over financial reporting but not
for the purpose of expressing an opinion on the effectiveness of the Company's
internal control over financial reporting. Accordingly, we express no such
opinion.

Our audits included performing procedures to assess the risks of material
misstatement of the consolidated financial statements, whether due to error or
fraud, and performing procedures that respond to those risks. Such procedures
included examining, on a test basis, evidence regarding the amounts and
disclosures in the consolidated financial statements. Our audits also included
evaluating the accounting principles used and significant estimates made by
management, as well as evaluating the overall presentation of the consolidated
financial statements. We believe that our audits provide a reasonable basis for
our opinion.

/s/ DELOITTE & TOUCHE LLP
New York, New York
March 9, 2020

We have served as the Company's auditor since at least 1968; however, an
earlier year could not be reliably determined.

                                    MLIC-2

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

                          Consolidated Balance Sheets
                          December 31, 2019 and 2018

                (In millions, except share and per share data)

                                                        2019          2018
                                                    ------------- -------------
 Assets
 Investments:
 Fixed maturity securities available-for-sale, at
  estimated fair value (amortized cost: $154,397
  and $155,175, respectively)......................  $    169,564  $    159,073
 Mortgage loans (net of valuation allowances of
  $289 and $291, respectively; includes $210 and
  $210, respectively, relating to variable
  interest entities; includes $188 and $299,
  respectively, under the fair value option and
  $59 and $0, respectively, of mortgage loans
  held-for-sale)...................................        65,549        63,687
 Policy loans......................................         6,100         6,061
 Real estate and real estate joint ventures
  (includes $1,378 and $1,394, respectively,
  relating to variable interest entities and $127
  and $0, respectively, under the fair value
  option)..........................................         6,659         6,152
 Other limited partnership interests...............         4,954         4,481
 Short-term investments, at estimated fair value...         1,883         1,506
 Other invested assets (includes $1,085 and
  $1,130, respectively, of leveraged and direct
  financing leases and $94 and $113, respectively,
  relating to variable interest entities)..........        16,979        16,463
                                                    ------------- -------------
   Total investments...............................       271,688       257,423
 Cash and cash equivalents, principally at
  estimated fair value (includes $5 and $14,
  respectively, relating to variable interest
  entities)........................................         8,927         6,882
 Accrued investment income (includes $1 and $1,
  respectively, relating to variable interest
  entities)........................................         1,987         2,050
 Premiums, reinsurance and other receivables
  (includes $3 and $2, respectively, relating to
  variable interest entities)......................        22,435        21,829
 Deferred policy acquisition costs and value of
  business acquired................................         3,453         4,117
 Deferred income tax asset.........................            --            43
 Other assets (includes $2 and $2, respectively,
  relating to variable interest entities)..........         4,460         3,723
 Separate account assets...........................       117,867       110,850
                                                    ------------- -------------
   Total assets....................................  $    430,817  $    406,917
                                                    ============= =============
 Liabilities and Equity
 Liabilities
 Future policy benefits............................  $    128,304  $    126,099
 Policyholder account balances.....................        91,708        90,656
 Other policy-related balances.....................         7,732         7,264
 Policyholder dividends payable....................           495           494
 Policyholder dividend obligation..................         2,020           428
 Payables for collateral under securities loaned
  and other transactions...........................        20,365        18,472
 Short-term debt...................................           128           129
 Long-term debt (includes $5 and $5, respectively,
  at estimated fair value, relating to variable
  interest entities)...............................         1,548         1,567
 Current income tax payable........................           388           611
 Deferred income tax liability.....................         1,568            --
 Other liabilities.................................        26,082        24,620
 Separate account liabilities......................       117,867       110,850
                                                    ------------- -------------
   Total liabilities...............................       398,205       381,190
                                                    ------------- -------------
 Contingencies, Commitments and Guarantees (Note
  16)
 Equity
 Metropolitan Life Insurance Company stockholder's
  equity:
 Common stock, par value $0.01 per share;
  1,000,000,000 shares authorized; 494,466,664
  shares issued and outstanding....................             5             5
 Additional paid-in capital........................        12,455        12,450
 Retained earnings.................................         9,943         9,512
 Accumulated other comprehensive income (loss).....        10,025         3,562
                                                    ------------- -------------
   Total Metropolitan Life Insurance Company
    stockholder's equity...........................        32,428        25,529
 Noncontrolling interests..........................           184           198
                                                    ------------- -------------
   Total equity....................................        32,612        25,727
                                                    ------------- -------------
   Total liabilities and equity....................  $    430,817  $    406,917
                                                    ============= =============

       See accompanying notes to the consolidated financial statements.

                                    MLIC-3

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

                     Consolidated Statements of Operations
             For the Years Ended December 31, 2019, 2018 and 2017

                                 (In millions)

                                                       2019          2018         2017
                                                   ------------  ------------ ------------
Revenues
Premiums..........................................  $    21,608   $    26,613  $    22,925
Universal life and investment-type product policy
 fees.............................................        2,037         2,124        2,227
Net investment income.............................       10,973        10,919       10,513
Other revenues....................................        1,573         1,586        1,570
Net investment gains (losses).....................          346           153          334
Net derivative gains (losses).....................         (288)          766         (344)
                                                   ------------  ------------ ------------
 Total revenues...................................       36,249        42,161       37,225
                                                   ------------  ------------ ------------
Expenses
Policyholder benefits and claims..................       24,051        29,097       25,792
Interest credited to policyholder account balances        2,624         2,479        2,235
Policyholder dividends............................        1,038         1,085        1,097
Other expenses....................................        4,976         5,191        5,135
                                                   ------------  ------------ ------------
 Total expenses...................................       32,689        37,852       34,259
                                                   ------------  ------------ ------------
 Income (loss) before provision for income tax....        3,560         4,309        2,966
Provision for income tax expense (benefit)........          148           173         (561)
                                                   ------------  ------------ ------------
 Net income (loss)................................        3,412         4,136        3,527
Less: Net income (loss) attributable to
 noncontrolling interests.........................           (6)            6            2
                                                   ------------  ------------ ------------
 Net income (loss) attributable to Metropolitan
   Life Insurance Company.........................  $     3,418   $     4,130  $     3,525
                                                   ============  ============ ============

       See accompanying notes to the consolidated financial statements.

                                    MLIC-4

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

            Consolidated Statements of Comprehensive Income (Loss)
             For the Years Ended December 31, 2019, 2018 and 2017

                                 (In millions)

                                                       2019         2018         2017
                                                   -----------  -----------  -----------
Net income (loss).................................  $    3,412   $    4,136   $    3,527
Other comprehensive income (loss):
Unrealized investment gains (losses), net of
 related offsets..................................       8,053       (6,318)       4,079
Unrealized gains (losses) on derivatives..........         279          346         (848)
Foreign currency translation adjustments..........         (32)         (20)          26
Defined benefit plans adjustment..................        (143)       2,409          129
                                                   -----------  -----------  -----------
 Other comprehensive income (loss), before income
   tax............................................       8,157       (3,583)       3,386
Income tax (expense) benefit related to items of
 other comprehensive income (loss)................      (1,711)         793       (1,077)
                                                   -----------  -----------  -----------
 Other comprehensive income (loss), net of income
   tax............................................       6,446       (2,790)       2,309
                                                   -----------  -----------  -----------
Comprehensive income (loss).......................       9,858        1,346        5,836
Less: Comprehensive income (loss) attributable to
 noncontrolling interest, net of income tax.......          (6)           6            2
                                                   -----------  -----------  -----------
 Comprehensive income (loss) attributable to
   Metropolitan Life Insurance Company............  $    9,864   $    1,340   $    5,834
                                                   ===========  ===========  ===========

       See accompanying notes to the consolidated financial statements.

                                    MLIC-5

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

                       Consolidated Statements of Equity
             For the Years Ended December 31, 2019, 2018 and 2017

                                 (In millions)

                                                                  Accumulated           Total
                                         Additional                  Other        Metropolitan Life
                                Common    Paid-in      Retained   Comprehensive   Insurance Company    Noncontrolling   Total
                                Stock     Capital     Earnings   Income (Loss)   Stockholder's Equity    Interests      Equity
                               -------- -----------  ----------  -------------- --------------------- --------------- ---------
Balance at December 31, 2016.. $      5 $    14,413  $    9,033   $     3,119      $       26,570        $     190    $  26,760
Capital contributions from
 MetLife, Inc.................                    6                                             6                             6
Returns of capital............                  (20)                                          (20)                          (20)
Purchase of operating joint
 venture interest from former
 affiliate....................                 (249)                                         (249)                         (249)
Dividends to MetLife, Inc.....                           (2,523)                           (2,523)                       (2,523)
Change in equity of
 noncontrolling interests.....                                                                 --              (49)         (49)
Net income (loss).............                            3,525                             3,525                2        3,527
Other comprehensive income
 (loss), net of income tax....                                          2,309               2,309                         2,309
                               -------- -----------  ----------   -----------      --------------        ---------    ---------
Balance at December 31, 2017..        5      14,150      10,035         5,428              29,618              143       29,761
Cumulative effects of changes
 in accounting principles,
 net of income tax (Note 1)...                             (917)          924                   7                             7
                               -------- -----------  ----------   -----------      --------------        ---------    ---------
Balance at January 1, 2018....        5      14,150       9,118         6,352              29,625              143       29,768
Capital contributions from
 MetLife, Inc.................                   74                                            74                            74
Returns of capital............                   (2)                                           (2)                           (2)
Transfer of employee benefit
 plans to an affiliate (Note
 14)..........................               (1,772)                                       (1,772)                       (1,772)
Dividends to MetLife, Inc.....                           (3,736)                           (3,736)                       (3,736)
Change in equity of
 noncontrolling interests.....                                                                 --               49           49
Net income (loss).............                            4,130                             4,130                6        4,136
Other comprehensive income
 (loss), net of income tax....                                         (2,790)             (2,790)                       (2,790)
                               -------- -----------  ----------   -----------      --------------        ---------    ---------
Balance at December 31, 2018..        5      12,450       9,512         3,562              25,529              198       25,727
Cumulative effects of changes
 in accounting principles,
 net of income tax (Note 1)...                               78            17                  95                            95
                               -------- -----------  ----------   -----------      --------------        ---------    ---------
Balance at January 1, 2019....        5      12,450       9,590         3,579              25,624              198       25,822
Capital contributions from
 MetLife, Inc.................                    5                                             5                             5
Dividends to MetLife, Inc.....                           (3,065)                           (3,065)                       (3,065)
Change in equity of
 noncontrolling interests.....                                                                 --               (8)          (8)
Net income (loss).............                            3,418                             3,418               (6)       3,412
Other comprehensive income
 (loss), net of income tax....                                          6,446               6,446                         6,446
                               -------- -----------  ----------   -----------      --------------        ---------    ---------
Balance at December 31, 2019.. $      5 $    12,455  $    9,943   $    10,025      $       32,428        $     184    $  32,612
                               ======== ===========  ==========   ===========      ==============        =========    =========

       See accompanying notes to the consolidated financial statements.

                                    MLIC-6

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

                     Consolidated Statements of Cash Flows
             For the Years Ended December 31, 2019, 2018 and 2017

                                 (In millions)

                                                        2019            2018            2017
                                                  ---------------  --------------  --------------
Cash flows from operating activities
Net income (loss)................................ $         3,412  $        4,136  $        3,527
Adjustments to reconcile net income (loss) to
 net cash provided by (used in) operating
 activities:
 Depreciation and amortization expenses..........              99             264             395
 Amortization of premiums and accretion of
  discounts associated with investments, net.....            (823)           (907)           (823)
 (Gains) losses on investments and from sales of
  businesses, net................................            (346)           (153)           (334)
 (Gains) losses on derivatives, net..............             499            (346)            900
 (Income) loss from equity method investments,
  net of dividends or distributions..............             366             375             314
 Interest credited to policyholder account
  balances.......................................           2,624           2,479           2,235
 Universal life and investment-type product
  policy fees....................................          (2,037)         (2,124)         (2,227)
 Change in fair value option and trading
  securities.....................................            (151)              3              17
 Change in accrued investment income.............              45              11             (40)
 Change in premiums, reinsurance and other
  receivables....................................            (200)           (309)            277
 Change in deferred policy acquisition costs and
  value of business acquired, net................             197             436             180
 Change in income tax............................            (351)            911          (2,200)
 Change in other assets..........................             961             947             309
 Change in insurance-related liabilities and
  policy-related balances........................           1,571           3,997           4,029
 Change in other liabilities.....................             277          (1,675)           (156)
 Other, net......................................              (1)            (19)            (49)
                                                  ---------------  --------------  --------------
  Net cash provided by (used in) operating
    activities...................................           6,142           8,026           6,354
                                                  ---------------  --------------  --------------
Cash flows from investing activities
Sales, maturities and repayments of:
 Fixed maturity securities available-for-sale....          49,464          67,609          53,984
 Equity securities...............................             183             135             831
 Mortgage loans..................................          11,482           8,908           8,810
 Real estate and real estate joint ventures......           1,101           1,131             955
 Other limited partnership interests.............             494             479             565
Purchases and originations of:
 Fixed maturity securities available-for-sale....         (48,421)        (61,109)        (55,973)
 Equity securities...............................             (49)           (161)           (607)
 Mortgage loans..................................         (13,458)        (13,968)        (10,680)
 Real estate and real estate joint ventures......          (1,443)           (463)           (885)
 Other limited partnership interests.............            (971)           (871)           (794)
Cash received in connection with freestanding
 derivatives.....................................           1,759           1,798           1,661
Cash paid in connection with freestanding
 derivatives.....................................          (1,957)         (2,258)         (2,688)
Net change in policy loans.......................             (39)            (55)            (61)
Net change in short-term investments.............            (377)          1,671           1,623
Net change in other invested assets..............              (8)            351            (177)
Net change in property, equipment and leasehold
 improvements....................................              60             209            (177)
Other, net.......................................              (4)              4              --
                                                  ---------------  --------------  --------------
 Net cash provided by (used in) investing
  activities..................................... $        (2,184) $        3,410  $       (3,613)
                                                  ---------------  --------------  --------------


       See accompanying notes to the consolidated financial statements.

                                    MLIC-7

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

             Consolidated Statements of Cash Flows -- (continued)
             For the Years Ended December 31, 2019, 2018 and 2017

                                 (In millions)

                                                        2019             2018             2017
                                                  ---------------  ---------------  ---------------
Cash flows from financing activities
Policyholder account balances:
  Deposits....................................... $        74,049  $        74,550  $        70,258
  Withdrawals....................................         (74,571)         (78,746)         (70,215)
Net change in payables for collateral under
 securities loaned and other transactions........           1,893           (1,399)            (525)
Long-term debt issued............................              --               24              169
Long-term debt repaid............................             (28)            (109)             (92)
Financing element on certain derivative
 instruments and other derivative related
 transactions, net...............................            (175)            (149)            (300)
Dividends paid to MetLife, Inc...................          (3,065)          (3,736)          (2,523)
Return of capital associated with the purchase
 of operating joint venture interest from an
 affiliate.......................................              --               --             (249)
Other, net.......................................             (19)             (54)              88
                                                  ---------------  ---------------  ---------------
  Net cash provided by (used in) financing
   activities....................................          (1,916)          (9,619)          (3,389)
                                                  ---------------  ---------------  ---------------
Effect of change in foreign currency exchange
 rates on cash and cash equivalents balances.....               3               (4)               3
                                                  ---------------  ---------------  ---------------
  Change in cash and cash equivalents............           2,045            1,813             (645)
Cash and cash equivalents, beginning of year.....           6,882            5,069            5,714
                                                  ---------------  ---------------  ---------------
  Cash and cash equivalents, end of year......... $         8,927  $         6,882  $         5,069
                                                  ===============  ===============  ===============
Supplemental disclosures of cash flow information
Net cash paid (received) for:
Interest......................................... $           104  $           107  $           105
                                                  ===============  ===============  ===============
Income tax....................................... $           552  $           483  $         1,693
                                                  ===============  ===============  ===============
Non-cash transactions
Capital contributions from MetLife, Inc.......... $             5  $            74  $             6
                                                  ===============  ===============  ===============
Returns of capital............................... $            --  $            --  $            15
                                                  ===============  ===============  ===============
Operating lease liability associated with the
 recognition of right-of-use assets.............. $           152  $            --  $            --
                                                  ===============  ===============  ===============
Transfer of employee benefit plans to an
 affiliate....................................... $            --  $         1,772  $            --
                                                  ===============  ===============  ===============
Fixed maturity securities available-for-sale
 received in connection with pension risk
 transfer transactions........................... $            --  $         3,016  $            --
                                                  ===============  ===============  ===============
Reclassification of certain equity securities to
 other invested assets........................... $            --  $           733  $            --
                                                  ===============  ===============  ===============
Transfer of fixed maturity securities
 available-for-sale from affiliates.............. $            --  $            --  $           292
                                                  ===============  ===============  ===============

       See accompanying notes to the consolidated financial statements.

                                    MLIC-8

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

                Notes to the Consolidated Financial Statements

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies

Business

  Metropolitan Life Insurance Company and its subsidiaries (collectively,
"MLIC" or the "Company") is a provider of insurance, annuities, employee
benefits and asset management and is organized into two segments: U.S. and
MetLife Holdings. Metropolitan Life Insurance Company is a wholly-owned
subsidiary of MetLife, Inc. (MetLife, Inc., together with its subsidiaries and
affiliates, "MetLife").

Basis of Presentation

  The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America ("GAAP") requires
management to adopt accounting policies and make estimates and assumptions that
affect amounts reported on the consolidated financial statements. In applying
these policies and estimates, management makes subjective and complex judgments
that frequently require assumptions about matters that are inherently
uncertain. Many of these policies, estimates and related judgments are common
in the insurance and financial services industries; others are specific to the
Company's business and operations. Actual results could differ from these
estimates.

  Consolidation

    The accompanying consolidated financial statements include the accounts of
  Metropolitan Life Insurance Company and its subsidiaries, as well as
  partnerships and joint ventures in which the Company has control, and
  variable interest entities ("VIEs") for which the Company is the primary
  beneficiary. Intercompany accounts and transactions have been eliminated.

    Since the Company is a member of a controlled group of affiliated
  companies, its results may not be indicative of those of a stand-alone entity.

  Separate Accounts

    Separate accounts are established in conformity with insurance laws.
  Generally, the assets of the separate accounts cannot be used to settle the
  liabilities that arise from any other business of the Company. Separate
  account assets are subject to general account claims only to the extent the
  value of such assets exceeds the separate account liabilities. The Company
  reports separately, as assets and liabilities, investments held in separate
  accounts and liabilities of the separate accounts if:

  .   such separate accounts are legally recognized;

  .   assets supporting the contract liabilities are legally insulated from the
      Company's general account liabilities;

  .   investment objectives are directed by the contractholder; and

  .   all investment performance, net of contract fees and assessments, is
      passed through to the contractholder.

    The Company reports separate account assets at their fair value, which is
  based on the estimated fair values of the underlying assets comprising the
  individual separate account portfolios. Investment performance (including
  investment income, net investment gains (losses) and changes in unrealized
  gains (losses)) and the corresponding amounts credited to contractholders of
  such separate accounts are offset within the same line on the statements of
  operations. Separate accounts credited with a contractual investment return
  are combined on a line-by-line basis with the Company's general account
  assets, liabilities, revenues and expenses and the accounting for these
  investments is consistent with the methodologies described herein for similar
  financial instruments held within the general account.

    The Company's revenues reflect fees charged to the separate accounts,
  including mortality charges, risk charges, policy administration fees,
  investment management fees and surrender charges. Such fees are included in
  universal life and investment-type product policy fees on the statements of
  operations.

  Reclassifications

    Certain amounts in the prior years' consolidated financial statements and
  related footnotes thereto have been reclassified to conform to the current
  year presentation as discussed throughout the Notes to the Consolidated
  Financial Statements.

                                    MLIC-9

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


Summary of Significant Accounting Policies

  The following are the Company's significant accounting policies with
references to notes providing additional information on such policies and
critical accounting estimates relating to such policies.

---------------------------------------------------------------------------------------------
Accounting Policy                                                                        Note
---------------------------------------------------------------------------------------------
Insurance                                                                               3
---------------------------------------------------------------------------------------------
Deferred Policy Acquisition Costs, Value of Business Acquired and Other Intangibles     4
---------------------------------------------------------------------------------------------
Reinsurance                                                                             5
---------------------------------------------------------------------------------------------
Investments                                                                             7
---------------------------------------------------------------------------------------------
Derivatives                                                                             8
---------------------------------------------------------------------------------------------
Fair Value                                                                              9
---------------------------------------------------------------------------------------------
Employee Benefit Plans                                                                  14
---------------------------------------------------------------------------------------------
Income Tax                                                                              15
---------------------------------------------------------------------------------------------
Litigation Contingencies                                                                16
---------------------------------------------------------------------------------------------

  Insurance

   Future Policy Benefit Liabilities and Policyholder Account Balances

     The Company establishes liabilities for amounts payable under insurance
   policies. Generally, amounts are payable over an extended period of time and
   related liabilities are calculated as the present value of future expected
   benefits to be paid, reduced by the present value of future expected
   premiums. Such liabilities are established based on methods and underlying
   assumptions in accordance with GAAP and applicable actuarial standards.
   Principal assumptions used in the establishment of liabilities for future
   policy benefits are mortality, morbidity, policy lapse, renewal, retirement,
   disability incidence, disability terminations, investment returns,
   inflation, expenses and other contingent events as appropriate to the
   respective product type. These assumptions are established at the time the
   policy is issued and are intended to estimate the experience for the period
   the policy benefits are payable. Utilizing these assumptions, liabilities
   are established on a block of business basis. For long-duration insurance
   contracts, assumptions such as mortality, morbidity and interest rates are
   "locked in" upon the issuance of new business. However, significant adverse
   changes in experience on such contracts may require the establishment of
   premium deficiency reserves. Such reserves are determined based on the then
   current assumptions and do not include a provision for adverse deviation.

     Premium deficiency reserves may also be established for short-duration
   contracts to provide for expected future losses. These reserves are based on
   actuarial estimates of the amount of loss inherent in that period, including
   losses incurred for which claims have not been reported. The provisions for
   unreported claims are calculated using studies that measure the historical
   length of time between the incurred date of a claim and its eventual
   reporting to the Company. Anticipated investment income is considered in the
   calculation of premium deficiency losses for short-duration contracts.

     Liabilities for universal and variable life policies with secondary
   guarantees and paid-up guarantees are determined by estimating the expected
   value of death benefits payable when the account balance is projected to be
   zero and recognizing those benefits ratably over the life of the contract
   based on total expected assessments. The assumptions used in estimating the
   secondary and paid-up guarantee liabilities are consistent with those used
   for amortizing deferred policy acquisition costs ("DAC"), and are thus
   subject to the same variability and risk as further discussed herein. The
   assumptions of investment performance and volatility for variable products
   are consistent with historical experience of appropriate underlying equity
   indices, such as the S&P Global Ratings ("S&P") 500 Index. The benefits used
   in calculating the liabilities are based on the average benefits payable
   over a range of scenarios.

     The Company regularly reviews its estimates of liabilities for future
   policy benefits and compares them with its actual experience. Differences
   result in changes to the liability balances with related charges or credits
   to benefit expenses in the period in which the changes occur.

     Policyholder account balances relate to contracts or contract features
   where the Company has no significant insurance risk.

                                    MLIC-10

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


     The Company issues directly and assumes through reinsurance variable
   annuity products with guaranteed minimum benefits that provide the
   policyholder a minimum return based on their initial deposit adjusted for
   withdrawals. These guarantees are accounted for as insurance liabilities or
   as embedded derivatives depending on how and when the benefit is paid.
   Specifically, a guarantee is accounted for as an embedded derivative if a
   guarantee is paid without requiring (i) the occurrence of a specific
   insurable event, or (ii) the policyholder to annuitize. Alternatively, a
   guarantee is accounted for as an insurance liability if the guarantee is
   paid only upon either (i) the occurrence of a specific insurable event, or
   (ii) annuitization. In certain cases, a guarantee may have elements of both
   an insurance liability and an embedded derivative and in such cases the
   guarantee is split and accounted for under both models.

     Guarantees accounted for as insurance liabilities in future policy
   benefits include guaranteed minimum death benefits ("GMDBs"), the
   life-contingent portion of guaranteed minimum withdrawal benefits ("GMWBs"),
   elective annuitizations of guaranteed minimum income benefits ("GMIBs"), and
   the life contingent portion of GMIBs that require annuitization when the
   account balance goes to zero.

     Guarantees accounted for as embedded derivatives in policyholder account
   balances include guaranteed minimum accumulation benefits ("GMABs"), the
   non-life contingent portion of GMWBs and certain non-life contingent
   portions of GMIBs. At inception, the Company attributes to the embedded
   derivative a portion of the projected future guarantee fees to be collected
   from the policyholder equal to the present value of projected future
   guaranteed benefits. Any additional fees represent "excess" fees and are
   reported in universal life and investment-type product policy fees.

   Other Policy-Related Balances

     Other policy-related balances include policy and contract claims, premiums
   received in advance, unearned revenue liabilities, obligations assumed under
   structured settlement assignments, policyholder dividends due and unpaid,
   and policyholder dividends left on deposit.

     The liability for policy and contract claims generally relates to incurred
   but not reported ("IBNR") death, disability, and dental claims. In addition,
   included in other policy-related balances are claims which have been
   reported but not yet settled for death, disability and dental. The liability
   for these claims is based on the Company's estimated ultimate cost of
   settling all claims. The Company derives estimates for the development of
   IBNR claims principally from analyses of historical patterns of claims by
   business line. The methods used to determine these estimates are continually
   reviewed. Adjustments resulting from this continuous review process and
   differences between estimates and payments for claims are recognized in
   policyholder benefits and claims expense in the period in which the
   estimates are changed or payments are made.

     The Company accounts for the prepayment of premiums on its individual
   life, group life and health contracts as premiums received in advance and
   applies the cash received to premiums when due.

     The unearned revenue liability relates to universal life and
   investment-type products and represents policy charges for services to be
   provided in future periods. The charges are deferred as unearned revenue and
   amortized using the product's estimated gross profits and margins, similar
   to DAC as discussed further herein. Such amortization is recorded in
   universal life and investment-type product policy fees.

     See Note 3 for additional information on obligations assumed under
   structured settlement assignments.

   Recognition of Insurance Revenues and Deposits

     Premiums related to traditional life and annuity contracts with life
   contingencies are recognized as revenues when due from policyholders.
   Policyholder benefits and expenses are provided to recognize profits over
   the estimated lives of the insurance policies. When premiums are due over a
   significantly shorter period than the period over which benefits are
   provided, any excess profit is deferred and recognized into earnings in a
   constant relationship to insurance in-force or, for annuities, the amount of
   expected future policy benefit payments.

     Premiums related to short-duration non-medical health, disability and
   accident & health contracts are recognized on a pro rata basis over the
   applicable contract term.

                                    MLIC-11

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


     Deposits related to universal life and investment-type products are
   credited to policyholder account balances. Revenues from such contracts
   consist of fees for mortality, policy administration and surrender charges
   and are recorded in universal life and investment-type product policy fees
   in the period in which services are provided. Amounts that are charged to
   earnings include interest credited and benefit claims incurred in excess of
   related policyholder account balances.

     All revenues and expenses are presented net of reinsurance, as applicable.

  Deferred Policy Acquisition Costs, Value of Business Acquired and Other
Intangibles

    The Company incurs significant costs in connection with acquiring new and
  renewal insurance business. Costs that are related directly to the successful
  acquisition or renewal of insurance contracts are capitalized as DAC. Such
  costs include:

  .   incremental direct costs of contract acquisition, such as commissions;

  .   the portion of an employee's total compensation and benefits related to
      time spent selling, underwriting or processing the issuance of new and
      renewal insurance business only with respect to actual policies acquired
      or renewed; and

  .   other essential direct costs that would not have been incurred had a
      policy not been acquired or renewed.

    All other acquisition-related costs, including those related to general
  advertising and solicitation, market research, agent training, product
  development, unsuccessful sales and underwriting efforts, as well as all
  indirect costs, are expensed as incurred.

    Value of business acquired ("VOBA") is an intangible asset resulting from a
  business combination that represents the excess of book value over the
  estimated fair value of acquired insurance, annuity, and investment-type
  contracts in-force at the acquisition date. The estimated fair value of the
  acquired liabilities is based on projections, by each block of business, of
  future policy and contract charges, premiums, mortality and morbidity,
  separate account performance, surrenders, operating expenses, investment
  returns, nonperformance risk adjustment and other factors. Actual experience
  with the purchased business may vary from these projections.

    DAC and VOBA are amortized as follows:

 Products:                              In proportion to the following over
                                        estimated lives of the contracts:
 ------------------------------------------------------------------------------
 . Nonparticipating and                   Actual and expected future gross
   non-dividend-paying traditional        premiums.
   contracts:
  .  Term insurance
  .  Nonparticipating whole life
     insurance
  .  Traditional group life insurance
  .  Non-medical health insurance
 ------------------------------------------------------------------------------
 . Participating, dividend-paying         Actual and expected future gross
   traditional contracts                  margins.
 ------------------------------------------------------------------------------
 . Fixed and variable universal life      Actual and expected future gross
   contracts                              profits.
 . Fixed and variable deferred annuity
   contracts

    See Note 4 for additional information on DAC and VOBA amortization.
  Amortization of DAC and VOBA is included in other expenses.

    The recovery of DAC and VOBA is dependent upon the future profitability of
  the related business. DAC and VOBA are aggregated on the financial statements
  for reporting purposes.

    The Company generally has two different types of sales inducements which
  are included in other assets: (i) the policyholder receives a bonus whereby
  the policyholder's initial account balance is increased by an amount equal to
  a specified percentage of the customer's deposit; and (ii) the policyholder
  receives a higher interest rate using a dollar cost averaging method than
  would have been received based on the normal general account interest rate
  credited. The Company defers sales inducements and amortizes them over the
  life of the policy using the same methodology and assumptions used to
  amortize DAC. The amortization of sales inducements is included in
  policyholder benefits and claims. Each year, or more frequently if
  circumstances indicate a potential recoverability issue exists, the Company
  reviews deferred sales inducements ("DSI") to determine the recoverability of
  the asset.

                                    MLIC-12

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


    Value of distribution agreements acquired ("VODA") is reported in other
  assets and represents the present value of expected future profits associated
  with the expected future business derived from the distribution agreements
  acquired as part of a business combination. Value of customer relationships
  acquired ("VOCRA") is also reported in other assets and represents the
  present value of the expected future profits associated with the expected
  future business acquired through existing customers of the acquired company
  or business. The VODA and VOCRA associated with past business combinations
  are amortized over useful lives ranging from 10 to 30 years and such
  amortization is included in other expenses. Each year, or more frequently if
  circumstances indicate a possible impairment exists, the Company reviews VODA
  and VOCRA to determine whether the asset is impaired.

  Reinsurance

    For each of its reinsurance agreements, the Company determines whether the
  agreement provides indemnification against loss or liability relating to
  insurance risk in accordance with applicable accounting standards. Cessions
  under reinsurance agreements do not discharge the Company's obligations as
  the primary insurer. The Company reviews all contractual features, including
  those that may limit the amount of insurance risk to which the reinsurer is
  subject or features that delay the timely reimbursement of claims.

    For reinsurance of existing in-force blocks of long-duration contracts that
  transfer significant insurance risk, the difference, if any, between the
  amounts paid (received), and the liabilities ceded (assumed) related to the
  underlying contracts is considered the net cost of reinsurance at the
  inception of the reinsurance agreement. The net cost of reinsurance is
  recorded as an adjustment to DAC when there is a gain at inception on the
  ceding entity, and to other liabilities when there is a loss at inception.
  The net cost of reinsurance is recognized as a component of other expenses
  when there is a gain at inception, and as policyholder benefits and claims
  when there is a loss at inception and is subsequently amortized on a basis
  consistent with the methodology used for amortizing DAC related to the
  underlying reinsured contracts. Subsequent amounts paid (received) on the
  reinsurance of in-force blocks, as well as amounts paid (received) related to
  new business, are recorded as ceded (assumed) premiums; and ceded (assumed)
  premiums, reinsurance and other receivables (future policy benefits) are
  established.

    For prospective reinsurance of short-duration contracts that meet the
  criteria for reinsurance accounting, amounts paid (received) are recorded as
  ceded (assumed) premiums and ceded (assumed) unearned premiums. Unearned
  premiums are reflected as a component of premiums, reinsurance and other
  receivables (future policy benefits). Such amounts are amortized through
  earned premiums over the remaining contract period in proportion to the
  amount of insurance protection provided. For retroactive reinsurance of
  short-duration contracts that meet the criteria for reinsurance accounting,
  amounts paid (received) in excess of the related insurance liabilities
  ceded (assumed) are recognized immediately as a loss and are reported in the
  appropriate line item within the statement of operations. Any gain on such
  retroactive agreement is deferred and is amortized as part of DAC, primarily
  using the recovery method.

    Amounts currently recoverable under reinsurance agreements are included in
  premiums, reinsurance and other receivables and amounts currently payable are
  included in other liabilities. Assets and liabilities relating to reinsurance
  agreements with the same reinsurer may be recorded net on the balance sheet,
  if a right of offset exists within the reinsurance agreement. In the event
  that reinsurers do not meet their obligations to the Company under the terms
  of the reinsurance agreements, reinsurance recoverable balances could become
  uncollectible. In such instances, reinsurance recoverable balances are stated
  net of allowances for uncollectible reinsurance.

    The funds withheld liability represents amounts withheld by the Company in
  accordance with the terms of the reinsurance agreements. The Company
  withholds the funds rather than transferring the underlying investments and,
  as a result, records funds withheld liability within other liabilities. The
  Company recognizes interest on funds withheld, included in other expenses, at
  rates defined by the terms of the agreement which may be contractually
  specified or directly related to the investment portfolio.

    Premiums, fees and policyholder benefits and claims include amounts assumed
  under reinsurance agreements and are net of reinsurance ceded. Amounts
  received from reinsurers for policy administration are reported in other
  revenues. With respect to GMIBs, a portion of the directly written GMIBs are
  accounted for as insurance liabilities, but the associated reinsurance
  agreements contain embedded derivatives. These embedded derivatives are
  included in premiums, reinsurance

                                    MLIC-13

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)

  and other receivables with changes in estimated fair value reported in net
  derivative gains (losses). Certain assumed GMWB, GMAB and GMIB are also
  accounted for as embedded derivatives with changes in estimated fair value
  reported in net derivative gains (losses).

    If the Company determines that a reinsurance agreement does not expose the
  reinsurer to a reasonable possibility of a significant loss from insurance
  risk, the Company records the agreement using the deposit method of
  accounting. Deposits received are included in other liabilities and deposits
  made are included within premiums, reinsurance and other receivables. As
  amounts are paid or received, consistent with the underlying contracts, the
  deposit assets or liabilities are adjusted. Interest on such deposits is
  recorded as other revenues or other expenses, as appropriate. Periodically,
  the Company evaluates the adequacy of the expected payments or recoveries and
  adjusts the deposit asset or liability through other revenues or other
  expenses, as appropriate.

  Investments

   Net Investment Income and Net Investment Gains (Losses)

     Income from investments is reported within net investment income, unless
   otherwise stated herein. Gains and losses on sales of investments,
   impairment losses and changes in valuation allowances are reported within
   net investment gains (losses), unless otherwise stated herein.

   Fixed Maturity Securities

     The majority of the Company's fixed maturity securities are classified as
   available-for-sale ("AFS") and are reported at their estimated fair value.
   Unrealized investment gains and losses on these securities are recorded as a
   separate component of other comprehensive income (loss) ("OCI"), net of
   policy-related amounts and deferred income taxes. All security transactions
   are recorded on a trade date basis. Sales of securities are determined on a
   specific identification basis.

     Interest income and prepayment fees are recognized when earned. Interest
   income is recognized using an effective yield method giving effect to
   amortization of premium and accretion of discount, and is based on the
   estimated economic life of the securities, which for mortgage-backed and
   asset-backed securities considers the estimated timing and amount of
   prepayments of the underlying loans. See Note 7 "-- Fixed Maturity
   Securities AFS -- Methodology for Amortization of Premium and Accretion of
   Discount on Structured Products." The amortization of premium and accretion
   of discount also takes into consideration call and maturity dates.

     The Company periodically evaluates these securities for impairment. The
   assessment of whether impairments have occurred is based on management's
   case-by-case evaluation of the underlying reasons for the decline in
   estimated fair value, as well as an analysis of the gross unrealized losses
   by severity and/or age as described in Note 7 "-- Fixed Maturity Securities
   AFS -- Evaluation of Fixed Maturity Securities AFS for OTTI and Evaluating
   Temporarily Impaired Fixed Maturity Securities AFS."

     For securities in an unrealized loss position, an other-than-temporary
   impairment ("OTTI") is recognized in earnings within net investment gains
   (losses) when it is anticipated that the amortized cost will not be
   recovered. When either: (i) the Company has the intent to sell the security;
   or (ii) it is more likely than not that the Company will be required to sell
   the security before recovery, the OTTI recognized in earnings is the entire
   difference between the security's amortized cost and estimated fair value.
   If neither of these conditions exists, the difference between the amortized
   cost of the security and the present value of projected future cash flows
   expected to be collected is recognized as an OTTI in earnings ("credit
   loss"). If the estimated fair value is less than the present value of
   projected future cash flows expected to be collected, this portion of OTTI
   related to other-than-credit factors ("noncredit loss") is recorded in OCI.

   Mortgage Loans

     The Company disaggregates its mortgage loan investments into three
   portfolio segments: commercial, agricultural and residential. The accounting
   policies that are applicable to all portfolio segments are presented below
   and the accounting policies related to each of the portfolio segments are
   included in Note 7.

                                    MLIC-14

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


     Mortgage loans held-for-investment are stated at unpaid principal balance,
   adjusted for any unamortized premium or discount, deferred fees or expenses,
   and are net of valuation allowances. Interest income and prepayment fees are
   recognized when earned. Interest income is recognized using an effective
   yield method giving effect to amortization of premium and accretion of
   discount.

     Also included in mortgage loans held-for-investment are residential
   mortgage loans for which the fair value option ("FVO") was elected, and
   which are stated at estimated fair value. Changes in estimated fair value
   are recognized in net investment income.

     Mortgage loans held-for-sale that were previously designated as
   held-for-investment, but now are designated as held-for-sale and mortgage
   loans originated with the intent to sell for which FVO was not elected, are
   stated at the lower of amortized cost or estimated fair value.

   Policy Loans

     Policy loans are stated at unpaid principal balances. Interest income is
   recorded as earned using the contractual interest rate. Generally, accrued
   interest is capitalized on the policy's anniversary date. Valuation
   allowances are not established for policy loans, as they are fully
   collateralized by the cash surrender value of the underlying insurance
   policies. Any unpaid principal and accrued interest are deducted from the
   cash surrender value or the death benefit prior to settlement of the
   insurance policy.

   Real Estate

     Real estate held-for-investment is stated at cost less accumulated
   depreciation. Depreciation is recorded on a straight-line basis over the
   estimated useful life of the asset (typically 20 to 55 years). Rental income
   is recognized on a straight-line basis over the term of the respective
   leases. The Company periodically reviews its real estate held-for-investment
   for impairment and tests for recoverability whenever events or changes in
   circumstances indicate the carrying value may not be recoverable. Properties
   whose carrying values are greater than their undiscounted cash flows are
   written down to their estimated fair value, which is generally computed
   using the present value of expected future cash flows discounted at a rate
   commensurate with the underlying risks.

     Real estate for which the Company commits to a plan to sell within one
   year and actively markets in its current condition for a reasonable price in
   comparison to its estimated fair value is classified as held-for-sale. Real
   estate held-for-sale is stated at the lower of depreciated cost or estimated
   fair value less expected disposition costs and is not depreciated.

   Real Estate Joint Ventures and Other Limited Partnership Interests

     The Company uses the equity method of accounting or the FVO for real
   estate joint ventures and other limited partnership interests ("investee")
   when it has more than a minor ownership interest or more than a minor
   influence over the investee's operations. The Company generally recognizes
   its share of the investee's earnings in net investment income on a
   three-month lag in instances where the investee's financial information is
   not sufficiently timely or when the investee's reporting period differs from
   the Company's reporting period.

     The Company accounts for its interest in real estate joint ventures and
   other limited partnership interests in which it has virtually no influence
   over the investee's operations at estimated fair value. Changes in estimated
   fair value of these investments are included in net investment gains
   (losses). Because of the nature and structure of these investments, they do
   not meet the characteristics of an equity security in accordance with
   applicable accounting standards.

     The Company routinely evaluates its equity method investments for
   impairment. For equity method investees, the Company considers financial and
   other information provided by the investee, other known information and
   inherent risks in the underlying investments, as well as future capital
   commitments, in determining whether an impairment has occurred.

                                    MLIC-15

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


   Short-term Investments

     Short-term investments include highly liquid securities and other
   investments with remaining maturities of one year or less, but greater than
   three months, at the time of purchase. Securities included within short-term
   investments are stated at estimated fair value, while other investments
   included within short-term investments are stated at amortized cost, which
   approximates estimated fair value. Short-term investments also include
   investments in affiliated money market pools.

   Other Invested Assets

      Other invested assets consist principally of the following:

   .  Freestanding derivatives with positive estimated fair values which are
      described in "-- Derivatives" below.

   .  Affiliated investments include affiliated loans and affiliated preferred
      stock. Affiliated loans are stated at unpaid principal balance, adjusted
      for any unamortized premium or discount. Interest income is recognized
      using an effective yield method giving effect to amortization of premium
      and accretion of discount. Affiliated preferred stock is stated at cost.
      Dividends are recognized in net investment income when declared.

   .  Tax credit and renewable energy partnerships which derive a significant
      source of investment return in the form of income tax credits or other
      tax incentives. Where tax credits are guaranteed by a creditworthy third
      party, the investment is accounted for under the effective yield method.
      Otherwise, the investment is accounted for under the equity method. See
      Note 15.

   .  Annuities funding structured settlement claims represent annuities
      funding claims assumed by the Company in its capacity as a structured
      settlements assignment company. The annuities are stated at their
      contract value, which represents the present value of the future periodic
      claim payments to be provided. The net investment income recognized
      reflects the amortization of discount of the annuity at its implied
      effective interest rate. See Note 3.

   .  Leveraged leases net investment is equal to the minimum lease payments
      plus the unguaranteed residual value, less the unearned income, and is
      recorded net of non-recourse debt. Income is determined by applying the
      leveraged lease's estimated rate of return to the net investment in the
      lease in those periods in which the net investment at the beginning of
      the period is positive. Leveraged leases derive investment returns in
      part from their income tax treatment. The Company regularly reviews
      residual values for impairment.

   .  Investments in Federal Home Loan Bank ("FHLB") common stock are carried
      at redemption value and are considered restricted investments until
      redeemed by the respective regional FHLBs.

   .  Equity securities are reported at their estimated fair value, with
      changes in estimated fair value included in net investment gains
      (losses). Sales of securities are determined on a specific identification
      basis. Dividends are recognized in net investment income when declared.

   .  Fair value option securities ("FVO Securities") are primarily investments
      in fixed maturity securities held-for-investment that are managed on a
      total return basis where the FVO has been elected, with changes in
      estimated fair value included in net investment income.

   .  Investment in an operating joint venture that engages in insurance
      underwriting activities accounted for under the equity method.

   .  Direct financing leases net investment is equal to the minimum lease
      payments plus the unguaranteed residual value, less unearned income.
      Income is determined by applying the pre-tax internal rate of return to
      the investment balance. The Company regularly reviews lease receivables
      for impairment.

   .  Funds withheld represent a receivable for amounts contractually withheld
      by ceding companies in accordance with reinsurance agreements. The
      Company recognizes interest on funds withheld at rates defined by the
      terms of the agreement which may be contractually specified or directly
      related to the underlying investments.

                                    MLIC-16

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


   Securities Lending and Repurchase Agreements

     The Company accounts for securities lending transactions and repurchase
   agreements as financing arrangements and the associated liability is
   recorded at the amount of cash received. Income and expenses associated with
   securities lending transactions and repurchase agreements are reported as
   investment income and investment expense, respectively, within net
   investment income.

   Securities Lending

     The Company enters into securities lending transactions, whereby blocks of
   securities are loaned to third parties, primarily brokerage firms and
   commercial banks. The Company obtains collateral at the inception of the
   loan, usually cash, in an amount generally equal to 102% of the estimated
   fair value of the securities loaned, and maintains it at a level greater
   than or equal to 100% for the duration of the loan. Securities loaned under
   such transactions may be sold or re-pledged by the transferee. The Company
   is liable to return to the counterparties the cash collateral received.
   Security collateral on deposit from counterparties in connection with
   securities lending transactions may not be sold or re-pledged, unless the
   counterparty is in default, and is not reflected on the Company's
   consolidated financial statements. The Company monitors the ratio of the
   collateral held to the estimated fair value of the securities loaned on a
   daily basis and additional collateral is obtained as necessary throughout
   the duration of the loan.

   Repurchase Agreements

     The Company participates in short-term repurchase agreements with
   unaffiliated financial institutions. Under these agreements, the Company
   lends fixed maturity securities and receives cash as collateral in an amount
   generally equal to 95% to 100% of the estimated fair value of the securities
   loaned at the inception of the transaction. The Company monitors the ratio
   of the collateral held to the estimated fair value of the securities loaned
   throughout the duration of the transaction and additional collateral is
   obtained as necessary. Securities loaned under such transactions may be sold
   or re-pledged by the transferee.

  Derivatives

   Freestanding Derivatives

     Freestanding derivatives are carried on the Company's balance sheet either
   as assets within other invested assets or as liabilities within other
   liabilities at estimated fair value. The Company does not offset the
   estimated fair value amounts recognized for derivatives executed with the
   same counterparty under the same master netting agreement.

     Accruals on derivatives are generally recorded in accrued investment
   income or within other liabilities. However, accruals that are not scheduled
   to settle within one year are included with the derivative's carrying value
   in other invested assets or other liabilities.

      If a derivative is not designated as an accounting hedge or its use in
   managing risk does not qualify for hedge accounting, changes in the
   estimated fair value of the derivative are reported in net derivative
   gains (losses) except as follows:

Statement of Operations Presentation:  Derivative:
-----------------------------------------------------------------------------------------------------------
Policyholder benefits and claims       Economic hedges of variable annuity guarantees included in future
                                           policy benefits
-----------------------------------------------------------------------------------------------------------
Net investment income                  Economic hedges of equity method investments in joint ventures
-----------------------------------------------------------------------------------------------------------

   Hedge Accounting

      To qualify for hedge accounting, at the inception of the hedging
   relationship, the Company formally documents its risk management objective
   and strategy for undertaking the hedging transaction, as well as its
   designation of the hedge. Hedge designation and financial statement
   presentation of changes in estimated fair value of the hedging derivatives
   are as follows:

  .   Fair value hedge -- a hedge of the estimated fair value of a recognized
      asset or liability -- in the same line item as the earnings effect of the
      hedged item. The carrying value of the hedged recognized asset or
      liability is adjusted for changes in its estimated fair value due to the
      hedged risk.

                                    MLIC-17

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


  .   Cash flow hedge -- a hedge of a forecasted transaction or of the
      variability of cash flows to be received or paid related to a recognized
      asset or liability - in OCI and reclassified into the statement of
      operations when the Company's earnings are affected by the variability in
      cash flows of the hedged item.

     The changes in estimated fair values of the hedging derivatives are
   exclusive of any accruals that are separately reported on the statement of
   operations within interest income or interest expense to match the location
   of the hedged item.

     In its hedge documentation, the Company sets forth how the hedging
   instrument is expected to hedge the designated risks related to the hedged
   item and sets forth the method that will be used to retrospectively and
   prospectively assess the hedging instrument's effectiveness. A derivative
   designated as a hedging instrument must be assessed as being highly
   effective in offsetting the designated risk of the hedged item. Hedge
   effectiveness is formally assessed at inception and at least quarterly
   throughout the life of the designated hedging relationship. Assessments of
   hedge effectiveness are also subject to interpretation and estimation and
   different interpretations or estimates may have a material effect on the
   amount reported in net income.

     The Company discontinues hedge accounting prospectively when: (i) it is
   determined that the derivative is no longer highly effective in offsetting
   changes in the estimated fair value or cash flows of a hedged item; (ii) the
   derivative expires, is sold, terminated, or exercised; (iii) it is no longer
   probable that the hedged forecasted transaction will occur; or (iv) the
   derivative is de-designated as a hedging instrument.

     When hedge accounting is discontinued because it is determined that the
   derivative is not highly effective in offsetting changes in the estimated
   fair value or cash flows of a hedged item, the derivative continues to be
   carried on the balance sheet at its estimated fair value, with changes in
   estimated fair value recognized in net derivative gains (losses). The
   carrying value of the hedged recognized asset or liability under a fair
   value hedge is no longer adjusted for changes in its estimated fair value
   due to the hedged risk, and the cumulative adjustment to its carrying value
   is amortized into income over the remaining life of the hedged item.
   Provided the hedged forecasted transaction is still probable of occurring,
   the changes in estimated fair value of derivatives recorded in OCI related
   to discontinued cash flow hedges are released into the statement of
   operations when the Company's earnings are affected by the variability in
   cash flows of the hedged item.

     When hedge accounting is discontinued because it is no longer probable
   that the forecasted transactions will occur on the anticipated date or
   within two months of that date, the derivative continues to be carried on
   the balance sheet at its estimated fair value, with changes in estimated
   fair value recognized currently in net derivative gains (losses). Deferred
   gains and losses of a derivative recorded in OCI pursuant to the
   discontinued cash flow hedge of a forecasted transaction that is no longer
   probable of occurring are recognized immediately in net investment gains
   (losses).

     In all other situations in which hedge accounting is discontinued, the
   derivative is carried at its estimated fair value on the balance sheet, with
   changes in its estimated fair value recognized in the current period as net
   derivative gains (losses).

   Embedded Derivatives

      The Company issues certain insurance products, which include variable
   annuities, and investment contracts and is a party to certain reinsurance
   agreements that have embedded derivatives. The Company assesses each
   identified embedded derivative to determine whether it is required to be
   bifurcated. The embedded derivative is bifurcated from the host contract and
   accounted for as a freestanding derivative if:

   .  the combined instrument is not accounted for in its entirety at estimated
      fair value with changes in estimated fair value recorded in earnings;

   .  the terms of the embedded derivative are not clearly and closely related
      to the economic characteristics of the host contract; and

   .  a separate instrument with the same terms as the embedded derivative
      would qualify as a derivative instrument.

     Such embedded derivatives are carried on the balance sheet at estimated
   fair value with the host contract and changes in their estimated fair value
   are generally reported in net derivative gains (losses). If the Company is
   unable to properly

                                    MLIC-18

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)

   identify and measure an embedded derivative for separation from its host
   contract, the entire contract is carried on the balance sheet at estimated
   fair value, with changes in estimated fair value recognized in the current
   period in net investment gains (losses) or net investment income.
   Additionally, the Company may elect to carry an entire contract on the
   balance sheet at estimated fair value, with changes in estimated fair value
   recognized in the current period in net investment gains (losses) or net
   investment income if that contract contains an embedded derivative that
   requires bifurcation. At inception, the Company attributes to the embedded
   derivative a portion of the projected future guarantee fees to be collected
   from the policyholder equal to the present value of projected future
   guaranteed benefits. Any additional fees represent "excess" fees and are
   reported in universal life and investment-type product policy fees.

  Fair Value

    Fair value is defined as the price that would be received to sell an asset
  or paid to transfer a liability (an exit price) in the principal or most
  advantageous market for the asset or liability in an orderly transaction
  between market participants on the measurement date. In most cases, the exit
  price and the transaction (or entry) price will be the same at initial
  recognition.

    Subsequent to initial recognition, fair values are based on unadjusted
  quoted prices for identical assets or liabilities in active markets that are
  readily and regularly obtainable. When such unadjusted quoted prices are not
  available, estimated fair values are based on quoted prices in markets that
  are not active, quoted prices for similar but not identical assets or
  liabilities, or other observable inputs. If these inputs are not available,
  or observable inputs are not determinable, unobservable inputs and/or
  adjustments to observable inputs requiring management's judgment are used to
  determine the estimated fair value of assets and liabilities.

  Employee Benefit Plans

    Through September 30, 2018, the Company sponsored various qualified and
  nonqualified defined benefit pension plans and other postretirement employee
  benefit plans covering employees who meet specified eligibility requirements
  of the sponsor and its participating affiliates. A December 31 measurement
  date is used for all of the Company's defined benefit pension and other
  postretirement benefit plans.

    As of October 1, 2018, except for the nonqualified defined benefit pension
  plan, the plan sponsor was changed from the Company to an affiliate.
  Following such change, the Company remains a participating affiliate in these
  plans. Accordingly, beginning October 1, 2018, the Company's obligation and
  expense related to such plans is limited to the amount of associated expense
  allocated to it as a participating affiliate.

    The Company recognizes the funded status of each of its defined benefit
  pension and other postretirement benefit plans, measured as the difference
  between the fair value of plan assets and the benefit obligation, which is
  the projected benefit obligation ("PBO") for pension benefits and the
  accumulated postretirement benefit obligation ("APBO") for other
  postretirement benefits in other assets or other liabilities.

    Actuarial gains and losses result from differences between the actual
  experience and the assumed experience on plan assets or PBO during a
  particular period and are recorded in accumulated OCI ("AOCI"). To the extent
  such gains and losses exceed 10% of the greater of the PBO or the estimated
  fair value of plan assets, the excess is amortized into net periodic benefit
  costs, generally over the average projected future service years of the
  active employees. In addition, prior service costs (credit) are recognized in
  AOCI at the time of the amendment and then amortized to net periodic benefit
  costs over the average projected future service years of the active employees.

    Net periodic benefit costs are determined using management's estimates and
  actuarial assumptions and are comprised of service cost, interest cost,
  settlement and curtailment costs, expected return on plan assets,
  amortization of net actuarial (gains) losses, and amortization of prior
  service costs (credit). Fair value is used to determine the expected return
  on plan assets.

    Through September 30, 2018, the Company also sponsored defined contribution
  plans for substantially all employees under which a portion of employee
  contributions is matched. Applicable matching contributions were made each
  payroll period. Accordingly, the Company recognized compensation cost for
  current matching contributions. As of October 1, 2018, except for the
  nonqualified defined contribution plan, the plan sponsor was changed from the
  Company to an affiliate.

                                    MLIC-19

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


    See Note 14 for information on the plan sponsor change.

  Income Tax

    Metropolitan Life Insurance Company and its includable subsidiaries join
  with MetLife, Inc. and its includable subsidiaries in filing a consolidated
  U.S. life insurance and non-life insurance federal income tax return in
  accordance with the provisions of the Internal Revenue Code of 1986, as
  amended. Current taxes (and the benefits of tax attributes such as losses)
  are allocated to Metropolitan Life Insurance Company and its subsidiaries
  under the consolidated tax return regulations and a tax sharing
  agreement. Under the consolidated tax return regulations, MetLife, Inc. has
  elected the "percentage method" (and 100% under such method) of reimbursing
  companies for tax attributes, e.g., net operating losses. As a result, 100%
  of tax attributes are reimbursed by MetLife, Inc. to the extent that
  consolidated federal income tax of the consolidated federal tax return group
  is reduced in a year by tax attributes. On an annual basis, each of the
  profitable subsidiaries pays to MetLife, Inc. the federal income tax which it
  would have paid based upon that year's taxable income. If Metropolitan Life
  Insurance Company or its includable subsidiaries have current or prior
  deductions and credits (including but not limited to losses) which reduce the
  consolidated tax liability of the consolidated federal tax return group, the
  deductions and credits are characterized as realized (or realizable) by
  Metropolitan Life Insurance Company and its includable subsidiaries when
  those tax attributes are realized (or realizable) by the consolidated federal
  tax return group, even if Metropolitan Life Insurance Company or its
  includable subsidiaries would not have realized the attributes on a
  stand-alone basis under a "wait and see" method.

    The Company's accounting for income taxes represents management's best
  estimate of various events and transactions.

    Deferred tax assets and liabilities resulting from temporary differences
  between the financial reporting and tax bases of assets and liabilities are
  measured at the balance sheet date using enacted tax rates expected to apply
  to taxable income in the years the temporary differences are expected to
  reverse.

    The realization of deferred tax assets depends upon the existence of
  sufficient taxable income within the carryback or carryforward periods under
  the tax law in the applicable tax jurisdiction. Valuation allowances are
  established against deferred tax assets when management determines, based on
  available information, that it is more likely than not that deferred income
  tax assets will not be realized. Significant judgment is required in
  determining whether valuation allowances should be established, as well as
  the amount of such allowances. When making such determination, the Company
  considers many factors, including:

  .   the nature, frequency, and amount of cumulative financial reporting
      income and losses in recent years;

  .   the jurisdiction in which the deferred tax asset was generated;

  .   the length of time that carryforward can be utilized in the various
      taxing jurisdictions;

  .   future taxable income exclusive of reversing temporary differences and
      carryforwards;

  .   future reversals of existing taxable temporary differences;

  .   taxable income in prior carryback years; and

  .   tax planning strategies.

    The Company may be required to change its provision for income taxes when
  estimates used in determining valuation allowances on deferred tax assets
  significantly change or when receipt of new information indicates the need
  for adjustment in valuation allowances. Additionally, the effect of changes
  in tax laws, tax regulations, or interpretations of such laws or regulations,
  is recognized in net income tax expense (benefit) in the period of change.

    The Company determines whether it is more likely than not that a tax
  position will be sustained upon examination by the appropriate taxing
  authorities before any part of the benefit can be recorded on the financial
  statements. A tax position is measured at the largest amount of benefit that
  is greater than 50% likely of being realized upon settlement. Unrecognized
  tax benefits due to tax uncertainties that do not meet the threshold are
  included within other liabilities and are charged to earnings in the period
  that such determination is made.

                                    MLIC-20

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


    The Company classifies interest recognized as interest expense and
  penalties recognized as a component of income tax expense.

    On December 22, 2017, President Trump signed into law H.R. 1, commonly
  referred to as the Tax Cuts and Jobs Act of 2017 ("U.S. Tax Reform"). See
  Note 15 for additional information on U.S. Tax Reform and related Staff
  Accounting Bulletin 118 ("SAB 118") provisional amounts.

  Litigation Contingencies

    The Company is a defendant in a large number of litigation matters and is
  involved in a number of regulatory investigations. Given the large and/or
  indeterminate amounts sought in certain of these matters and the inherent
  unpredictability of litigation, it is possible that an adverse outcome in
  certain matters could, from time to time, have a material effect on the
  Company's consolidated net income or cash flows in particular quarterly or
  annual periods. Liabilities are established when it is probable that a loss
  has been incurred and the amount of the loss can be reasonably estimated.
  Except as otherwise disclosed in Note 16, legal costs are recognized as
  incurred. On a quarterly and annual basis, the Company reviews relevant
  information with respect to liabilities for litigation, regulatory
  investigations and litigation-related contingencies to be reflected on the
  Company's consolidated financial statements.

  Other Accounting Policies

   Stock-Based Compensation

     The Company recognizes stock-based compensation on its consolidated
   results of operations based on MetLife, Inc.'s allocation. MetLife, Inc.
   applies the accounting policies described below to determine those expenses.

     MetLife, Inc. grants certain employees stock-based compensation awards
   under various plans that are subject to specific vesting conditions. With
   the exception of performance shares granted in 2013 through 2018, and
   cash-payable awards, each of which are re-measured quarterly, MetLife, Inc.
   measures the cost of all stock-based transactions at fair value at grant
   date and recognizes it over the period during which a grantee must provide
   services in exchange for the award. Employees who meet certain
   age-and-service criteria receive payment or may exercise their awards
   regardless of ending employment. However, the award's payment or
   exercisability takes place at the originally-scheduled time, i.e., is not
   accelerated. As a result, the award does not require the employee to provide
   any substantive service after attaining those age-and-service criteria.
   Accordingly, MetLife, Inc. recognizes compensation expense related to
   stock-based awards from the beginning of the vesting to the earlier of the
   end of the vesting period or the date the employee attains the
   age-and-service criteria. MetLife, Inc. incorporates an estimation of future
   forfeitures of stock-based awards into the determination of compensation
   expense when recognizing expense over the requisite service period.

   Cash and Cash Equivalents

     The Company considers highly liquid securities and other investments
   purchased with an original or remaining maturity of three months or less at
   the date of purchase to be cash equivalents. Securities included within cash
   equivalents are stated at estimated fair value, while other investments
   included within cash equivalents are stated at amortized cost, which
   approximates estimated fair value.

   Property, Equipment, Leasehold Improvements and Computer Software

     Property, equipment and leasehold improvements, which are included in
   other assets, are stated at cost, less accumulated depreciation and
   amortization. Depreciation is determined using the straight-line method over
   the estimated useful lives of the assets, as appropriate. The estimated life
   is generally 40 years for company occupied real estate property, from one to
   25 years for leasehold improvements, and from three to seven years for all
   other property and equipment. The cost basis of the property, equipment and
   leasehold improvements was $890 million and $926 million at December 31,
   2019 and 2018, respectively. Accumulated depreciation and amortization of
   property, equipment and leasehold improvements was $635 million and
   $572 million at December 31, 2019 and 2018, respectively. Related
   depreciation and amortization expense was $24 million, $81 million and
   $124 million for the years ended December 31, 2019, 2018 and 2017,
   respectively.

                                    MLIC-21

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


     Computer software, which is included in other assets, is stated at cost,
   less accumulated amortization. Purchased software costs, as well as certain
   internal and external costs incurred to develop internal-use computer
   software during the application development stage, are capitalized. Such
   costs are amortized generally over a four-year period using the
   straight-line method. The cost basis of computer software was $1.3 billion
   at both December 31, 2019 and 2018. Accumulated amortization of capitalized
   software was $1.3 billion at both December 31, 2019 and 2018. Related
   amortization expense was $0, $90 million and $164 million for the years
   ended December 31, 2019, 2018 and 2017, respectively.

     During the year ended December 31, 2018, the Company sold to an affiliate
   certain property, equipment, leasehold improvements and computer software at
   carrying value for a total of $785 million.

   Leases

     The Company, as lessee, has entered into various lease and sublease
   agreements for office space and equipment. At contract inception, the
   Company determines that an arrangement contains a lease if the contract
   conveys the right to control the use of an identified asset for a period of
   time in exchange for consideration. For contracts that contain a lease, the
   Company recognizes the right-of-use ("ROU") asset in Other assets and the
   lease liability in Other liabilities. Leases with an initial term of 12
   months or less are not recorded on the balance sheet.

     ROU assets represent the Company's right to use an underlying asset for
   the lease term and lease liabilities represent the Company's obligation to
   make lease payments arising from the lease. ROU assets and lease liabilities
   are determined using the Company's incremental borrowing rate based upon
   information available at commencement date to recognize the present value of
   lease payments over the lease term. ROU assets also include lease payments
   and excludes lease incentives. Lease terms may include options to extend or
   terminate the lease and are included in the lease measurement when it is
   reasonably certain that the Company will exercise that option.

     The Company has lease agreements with lease and non-lease components. The
   Company does not separate lease and non-lease components and accounts for
   these items as a single lease component for all asset classes.

     The majority of the Company's leases and subleases are operating leases
   related to office space. The Company recognizes lease expense for operating
   leases on a straight-line basis over the lease term.

   Other Revenues

     Other revenues primarily include fees related to service contracts from
   customers for prepaid legal plans, administrative services-only ("ASO")
   contracts, and recordkeeping and related services. Substantially all of the
   revenue from the services is recognized over time as the applicable services
   are provided or are made available to the customers. The revenue recognized
   includes variable consideration to the extent it is probable that a
   significant reversal will not occur. In addition to the service fees, other
   revenues also include certain stable value fees and reinsurance ceded. These
   fees are recognized as earned.

   Policyholder Dividends

     Policyholder dividends are approved annually by Metropolitan Life
   Insurance Company's Board of Directors. The aggregate amount of policyholder
   dividends is related to actual interest, mortality, morbidity and expense
   experience for the year, as well as management's judgment as to the
   appropriate level of statutory surplus to be retained by Metropolitan Life
   Insurance Company.

   Foreign Currency

     Assets, liabilities and operations of foreign affiliates and subsidiaries
   are recorded based on the functional currency of each entity. The
   determination of the functional currency is made based on the appropriate
   economic and management indicators. The local currencies of foreign
   operations are the functional currencies. Assets and liabilities of foreign
   affiliates and subsidiaries are translated from the functional currency to
   U.S. dollars at the exchange rates in effect at each year-end and revenues
   and expenses are translated at the average exchange rates during the year.
   The resulting translation adjustments are charged or credited directly to
   OCI, net of applicable taxes. Gains and losses from foreign currency
   transactions, including the effect of re-measurement of monetary assets and
   liabilities to the appropriate functional currency, are reported as part of
   net investment gains (losses) in the period in which they occur.

                                    MLIC-22

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


   Goodwill

     Goodwill, which is included in other assets, represents the future
   economic benefits arising from net assets acquired in a business combination
   that are not individually identified and recognized. Goodwill is calculated
   as the excess of cost over the estimated fair value of such net assets
   acquired, is not amortized, and is tested for impairment based on a fair
   value approach at least annually or more frequently if events or
   circumstances indicate that there may be justification for conducting an
   interim test. The Company performs its annual goodwill impairment testing
   during the third quarter based upon data as of the close of the second
   quarter. Goodwill associated with a business acquisition is not tested for
   impairment during the year the business is acquired unless there is a
   significant identified impairment event.

     The impairment test is performed at the reporting unit level, which is the
   operating segment or a business one level below the operating segment, if
   discrete financial information is prepared and regularly reviewed by
   management at that level. For purposes of goodwill impairment testing, if
   the carrying value of a reporting unit exceeds its estimated fair value,
   there may be an indication of impairment. In such instances, the implied
   fair value of the goodwill is determined in the same manner as the amount of
   goodwill that would be determined in a business combination. The excess of
   the carrying value of goodwill over the implied fair value of goodwill would
   be recognized as an impairment and recorded as a charge against net income.

     The Company tests goodwill for impairment by either performing a
   qualitative assessment or a quantitative test. The qualitative assessment is
   an assessment of historical information and relevant events and
   circumstances to determine whether it is more likely than not that the fair
   value of a reporting unit is less than its carrying amount, including
   goodwill. The Company may elect not to perform the qualitative assessment
   for some or all of its reporting units and perform a quantitative impairment
   test. In performing the quantitative impairment test, the Company may
   determine the fair values of its reporting units by applying a market
   multiple, discounted cash flow, and/or an actuarial based valuation approach.

     For the 2019 annual goodwill impairment tests, the Company concluded that
   goodwill was not impaired. The goodwill balance was $86 million and
   $70 million in the U.S. segment at December 31, 2019 and 2018, respectively.
   The goodwill balance was $31 million in the MetLife Holdings segment at both
   December 31, 2019 and 2018.

Recent Accounting Pronouncements

  Changes to GAAP are established by the Financial Accounting Standards Board
("FASB") in the form of accounting standards updates ("ASUs") to the FASB
Accounting Standards Codification. The Company considers the applicability and
impact of all ASUs. The following tables provide a description of new ASUs
issued by the FASB and the impact of the adoption on the Company's consolidated
financial statements.

  Adoption of New Accounting Pronouncements

    Except as noted below, the ASUs adopted by the Company effective January 1,
  2019 did not have a material impact on its consolidated financial statements
  or disclosures.

     Standard                      Description                Effective Date and       Impact on Financial Statements
                                                              Method of Adoption
---------------------------------------------------------------------------------------------------------------------------
ASU 2018-14,         The new guidance removes certain         December 31, 2020.  The adoption of the new guidance did not
Compensation-        disclosures that no longer are           The Company early   have an impact on the Company's
Retirement           considered cost beneficial, clarifies    adopted using a     consolidated financial statements. The
Benefits-Defined     the specific requirements of certain     retrospective       Company has included updated disclosures
Benefit Plans-       disclosures, and adds disclosure         approach to all     within Note 14.
General (Subtopic    requirements identified as relevant for  periods presented.
715-20): Disclosure  employers that sponsor defined benefit
Framework-           pension or other postretirement plans.
Changes to the
Disclosure
Requirements for
Defined Benefit
Plans

                                    MLIC-23

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)

     Standard                   Description               Effective Date and          Impact on Financial Statements
                                                          Method of Adoption
-----------------------------------------------------------------------------------------------------------------------------
ASU 2017-12,         The new guidance simplifies the     January 1, 2019. The  The adoption of the guidance resulted in an
Derivatives and      application of hedge accounting in  Company adopted       $18 million, net of income tax, increase to
Hedging              certain situations and amends the   using a modified      AOCI with a corresponding decrease to
(Topic 815):         hedge accounting model to enable    retrospective         retained earnings due to the reclassification
Targeted             entities to better portray the      approach.             of hedge ineffectiveness for cash flow
Improvements to      economics of their risk management                        hedging relationships existing as of
Accounting for       activities in their financial                             January 1, 2019. The Company has
Hedging Activities,  statements.                                               included expanded disclosures within
as clarified and                                                               Note 8.
amended by ASU
2019-04,
Codification
Improvements to
Topic 326,
Financial
Instruments --
Credit Losses,
Topic 815,
Derivatives and
Hedging, and
Topic 825,
Financial
Instruments
-----------------------------------------------------------------------------------------------------------------------------
ASU 2016-02,         The new guidance requires a lessee  January 1, 2019. The  The Company elected the package of
Leases (Topic 842),  to recognize assets and             Company adopted       practical expedients allowed under the
as clarified and     liabilities for leases with lease   using a modified      transition guidance. This allowed the
amended by ASU       terms of more than 12 months.       retrospective         Company to carry forward its historical
2018-10,             Leases are classified as finance    approach.             lease classification. In addition, the
Codification         or operating leases and both types                        Company elected all other practical
Improvements to      of leases are recognized on the                           expedients that were allowed under the
Topic 842, Leases,   balance sheet. Lessor accounting                          new guidance and were applicable,
ASU 2018-11,         remains largely unchanged from                            including the practical expedient to
Leases (Topic        previous guidance except for                              combine lease and non-lease components
842): Targeted       certain targeted changes. The new                         into one lease component for certain real
Improvements, and    guidance also requires new                                estate leases.
ASU 2018-20,         qualitative and quantitative                              The adoption of this guidance resulted in
Leases (Topic        disclosures. In July 2018, two                            the recording of additional net ROU assets
842): Narrow-        amendments to the new guidance                            and lease liabilities of approximately
Scope                were issued. The amendments                               $866 million and $950 million,
Improvements for     provide the option to adopt the                           respectively, as of January 1, 2019. The
Lessors              new guidance prospectively without                        reduction of ROU assets was a result of
                     adjusting comparative periods.                            adjustments for prepaid/deferred
                     Also, the amendments provide                              rent, unamortized initial direct costs and
                     lessors with a practical expedient                        impairment of certain ROU assets based on
                     not to separate lease and                                 the net present value of the remaining
                     non-lease components for certain                          minimum lease payments and sublease
                     operating leases. In December                             revenues. In addition, retained earnings
                     2018, an amendment was issued to                          increased by $95 million, net of income
                     clarify lessor accounting relating                        tax, as a result of the recognition of
                     to taxes, certain lessor's costs                          deferred gains on previous sale leaseback
                     and variable payments related to                          transactions. The guidance did not have a
                     both lease and non-lease                                  material impact on the Company's
                     components.                                               consolidated net income and cash flows.
                                                                               The Company has included expanded
                                                                               disclosures on the consolidated balance
                                                                               sheets and in Notes 7 and 10.

                                    MLIC-24

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)


Future Adoption of New Accounting Pronouncements

  ASUs not listed below were assessed and either determined to be not
applicable or are not expected to have a material impact on the Company's
consolidated financial statements or disclosures. ASUs issued but not yet
adopted as of December 31, 2019 that are currently being assessed and may or
may not have a material impact on the Company's consolidated financial
statements or disclosures are summarized in the table below.

-------------------------------------------------------------------------------------------------------------------------------
                                                                 Effective Date and
     Standard                      Description                   Method of Adoption         Impact on Financial Statements
-------------------------------------------------------------------------------------------------------------------------------
ASU 2019-12,         The new guidance simplifies the          January 1, 2021. The      The Company has started its
Income Taxes         accounting for income taxes by removing  new guidance should       implementation efforts and is
(Topic 740):         certain exceptions to the tax            be applied either on a    currently evaluating the impact of the
Simplifying the      accounting guidance and providing        retrospective, modified   new guidance on its consolidated
Accounting for       clarification to other specific tax      retrospective or          financial statements.
Income Taxes         accounting guidance to eliminate         prospective basis based
                     variations in practice. Specifically,    on what items the
                     it removes the exceptions related to     amendments relates to.
                     the a) incremental approach for          Early adoption is
                     intraperiod tax allocation when there    permitted.
                     is a loss from continuing operations
                     and income or a gain from other items,
                     b) recognition of a deferred tax
                     liability when foreign investment
                     ownership changes from equity method
                     investment to consolidated subsidiary
                     and vice versa and c) use of interim
                     period tax accounting for year-to-date
                     losses that exceed anticipated losses.
                     The guidance also simplifies the
                     application of the income tax guidance
                     for franchise taxes that are partially
                     based on income and the accounting for
                     tax law changes during interim periods,
                     clarifies the accounting for
                     transactions that result in a step-up
                     in tax basis of goodwill, provides for
                     the option to elect allocation of
                     consolidated income taxes to entities
                     disregarded by taxing authorities for
                     their stand-alone reporting, and
                     requires that an entity reflect the
                     effect of an enacted change in tax laws
                     or rates in the annual effective tax
                     rate computation in the interim period
                     that includes the enactment date.
-------------------------------------------------------------------------------------------------------------------------------
ASU 2018-15,         The new guidance requires a customer in  January 1, 2020. The      The new guidance will not have a
Intangibles --       a cloud computing arrangement that is a  new guidance can be       material impact on the Company's
Goodwill and         service contract to follow the           applied either            consolidated financial statements and
Other --             internal-use software guidance to        prospectively to          will be adopted prospectively.
Internal-Use         determine which implementation costs to  eligible costs incurred
Software (Subtopic   capitalize as an asset and which costs   on or after the
350-40): Customer's  to expense as incurred. Implementation   guidance is first
Accounting for       costs that are capitalized under the     applied, or
Implementation       new guidance are required to be          retrospectively to all
Costs Incurred in a  amortized over the term of the hosting   periods presented.
Cloud Computing      arrangement, beginning when the module
Arrangement That Is  or component of the hosting arrangement
a Service Contract   is ready for its intended use.
-------------------------------------------------------------------------------------------------------------------------------
ASU 2018-13, Fair    The new guidance modifies the            January 1, 2020.          As of December 31, 2018, the
Value Measurement    disclosure requirements on fair value    Amendments related to     Company early adopted the
(Topic 820):         by removing some requirements,           changes in unrealized     provisions of the guidance that
Disclosure           modifying others, adding changes in      gains and losses, the     removed the requirements relating to
Framework --         unrealized gains and losses included in  range and weighted        transfers between fair value
Changes to the       OCI for recurring Level 3 fair value     average of significant    hierarchy levels and certain
Disclosure           measurements, and under certain          unobservable inputs       disclosures about valuation processes
Requirements for     circumstances, providing the option to   used to develop           for Level 3 fair value measurements.
Fair Value           disclose certain other quantitative      Level 3 fair value        The Company will adopt the
Measurement          information with respect to significant  measurements, and the     remainder of the new guidance at the
                     unobservable inputs in lieu of a         narrative description of  effective date. The new guidance
                     weighted average.                        measurement               will not have a material impact on
                                                              uncertainty should be     the Company's consolidated
                                                              applied prospectively.    financial statements.
                                                              All other amendments
                                                              should be applied
                                                              retrospectively.
-------------------------------------------------------------------------------------------------------------------------------

                                    MLIC-25

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

1. Business, Basis of Presentation and Summary of Significant Accounting
Policies (continued)

-------------------------------------------------------------------------------------------------------------------------------
                                                                 Effective Date and
      Standard                      Description                  Method of Adoption         Impact on Financial Statements
-------------------------------------------------------------------------------------------------------------------------------
ASU 2018-12,          The new guidance (i) prescribes the      January 1, 2022, to be   The Company has started its
Financial             discount rate to be used in measuring    applied retrospectively  implementation efforts and is
Services --           the liability for future policy          to January 1, 2020       currently evaluating the impact of the
Insurance (Topic      benefits for traditional and limited     (with early adoption     new guidance. Given the nature and
944): Targeted        payment long-duration contracts, and     permitted).              extent of the required changes to a
Improvements to the   requires assumptions for those                                    significant portion of the Company's
Accounting for        liability valuations to be updated                                operations, the adoption of this
Long-Duration         after contract inception, (ii) requires                           guidance is expected to have a
Contracts, as         more market-based product guarantees on                           material impact on the Company's
amended by ASU        certain separate account and other                                consolidated financial statements.
2019-09, Financial    account balance long-duration contracts
Services --           to be accounted for at fair value,
Insurance (Topic      (iii) simplifies the amortization of
944): Effective Date  DAC for virtually all long-duration
                      contracts, and (iv) introduces certain
                      financial statement presentation
                      requirements, as well as significant
                      additional quantitative and qualitative
                      disclosures. The amendments in ASU
                      2019-09 defer the effective date of the
                      amendments in update 2018-12 for all
                      entities.
-------------------------------------------------------------------------------------------------------------------------------
ASU 2017-04,          The new guidance simplifies the current  January 1, 2020, to be   The new guidance will reduce the
Intangibles --        two-step goodwill impairment test by     applied on a             complexity involved with the
Goodwill and Other    eliminating Step 2 of the test. The new  prospective basis.       evaluation of goodwill for
(Topic 350):          guidance requires a one-step impairment                           impairment. The impact of the new
Simplifying the Test  test in which an entity compares the                              guidance will depend on the
for Goodwill          fair value of a reporting unit with its                           outcomes of future goodwill
Impairment            carrying amount and recognizes an                                 impairment tests.
                      impairment charge for the amount by
                      which the carrying amount exceeds the
                      reporting unit's fair value, if any.
-------------------------------------------------------------------------------------------------------------------------------
ASU 2016-13,          This new guidance requires an allowance  January 1, 2020, to be   The Company has finalized the
Financial             for credit losses based on the           applied on a modified    development of the credit loss
Instruments --        expectation of lifetime credit losses    retrospective basis,     models for its financing receivables
Credit Losses         on financing receivables carried at      which requires           carried at amortized cost. The
(Topic 326):          amortized cost, including, but not       transition adjustments   development of these credit loss
Measurement of        limited to, mortgage loans, premium      to be recorded as a      models included data input
Credit Losses on      receivables, reinsurance receivables     cumulative effect        validations, updates to information
Financial             and leases other than operating leases.  adjustment to retained   systems and enhanced policies and
Instruments, as       The current model for OTTI on AFS debt   earnings.                controls. At December 31, 2019, the
clarified and         securities has been modified and                                  allowance for credit losses was
amended by ASU        requires the recording of an allowance                            approximately 0.50% of the
2018-19,              for credit losses instead of a                                    amortized cost of financing
Codification          reduction of the carrying value. Any                              receivables in scope. The Company
Improvements to       improvements in expected future cash                              estimates that upon adoption, the
Topic 326,            flows will no longer be reflected as a                            allowance for credit losses will be
Financial             prospective yield adjustment, but                                 less than 1.00% of the amortized cost
Instruments --        instead will be reflected as a                                    of financing receivables in scope.
Credit Losses, ASU    reduction in the allowance. The new                               The increase in the allowance for
2019-04,              guidance also replaces the model for                              credit losses primarily relates to the
Codification          purchased credit impaired debt                                    Company's residential mortgage loan
Improvements to       securities and financing receivables                              portfolio.
Topic 326,            and requires the establishment of an
Financial             allowance for credit losses at
Instruments --        acquisition, which is added to the
Credit Losses, Topic  purchase price to establish the initial
815, Derivatives      amortized cost of the instrument.
and Hedging, and      The new guidance also requires enhanced
Topic 825,            disclosures.
Financial
Instruments, ASU
2019-05, Financial
Instruments --
Credit Losses
(Topic 326):
Targeted Transition
Relief, and ASU
2019-11,
Codification
Improvements to
Topic 326,
Financial
Instruments --
Credit Losses

                                    MLIC-26

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

2. Segment Information

  The Company is organized into two segments: U.S. and MetLife Holdings. In
addition, the Company reports certain of its results of operations in
Corporate & Other.

U.S.

  The U.S. segment offers a broad range of protection products and services
aimed at serving the financial needs of customers throughout their lives. These
products are sold to corporations and their respective employees, other
institutions and their respective members, as well as individuals. The U.S.
segment is organized into two businesses: Group Benefits and Retirement and
Income Solutions ("RIS").

 .   The Group Benefits business offers life, dental, group short- and
     long-term disability, individual disability, accidental death and
     dismemberment, vision and accident & health coverages, as well as prepaid
     legal plans. This business also sells ASO arrangements to some employers.

 .   The RIS business offers a broad range of life and annuity-based insurance
     and investment products, including stable value and pension risk transfer
     products, institutional income annuities, tort settlements, and capital
     markets investment products, as well as solutions for funding
     postretirement benefits and company-, bank- or trust-owned life insurance.

MetLife Holdings

  The MetLife Holdings segment consists of operations relating to products and
businesses, previously included in MLIC's former retail business, that the
Company no longer actively markets, such as variable, universal, term and whole
life insurance, variable, fixed and index-linked annuities, and long-term care
insurance.

Corporate & Other

  Corporate & Other contains various start-up, developing and run-off
businesses. Also included in Corporate & Other are: the excess capital, as well
as certain charges and activities, not allocated to the segments (including
enterprise-wide strategic initiative restructuring charges), the Company's
ancillary non-U.S. operations, interest expense related to the majority of the
Company's outstanding debt, expenses associated with certain legal proceedings
and income tax audit issues, and the elimination of intersegment amounts (which
generally relate to affiliated reinsurance and intersegment loans, bearing
interest rates commensurate with related borrowings).

Financial Measures and Segment Accounting Policies

  Adjusted earnings is used by management to evaluate performance and allocate
resources. Consistent with GAAP guidance for segment reporting, adjusted
earnings is also the Company's GAAP measure of segment performance and is
reported below. Adjusted earnings should not be viewed as a substitute for net
income (loss). The Company believes the presentation of adjusted earnings, as
the Company measures it for management purposes, enhances the understanding of
its performance by highlighting the results of operations and the underlying
profitability drivers of the business.

  Adjusted earnings is defined as adjusted revenues less adjusted expenses, net
of income tax.

  The financial measures of adjusted revenues and adjusted expenses focus on
the Company's primary businesses principally by excluding the impact of market
volatility, which could distort trends, and revenues and costs related to
non-core products and certain entities required to be consolidated under GAAP.
Also, these measures exclude results of discontinued operations under GAAP and
other businesses that have been or will be sold or exited by MLIC but do not
meet the discontinued operations criteria under GAAP and are referred to as
divested businesses. Divested businesses also includes the net impact of
transactions with exited businesses that have been eliminated in consolidation
under GAAP and costs relating to businesses that have been or will be sold or
exited by MLIC that do not meet the criteria to be included in results of
discontinued operations under GAAP. Adjusted revenues also excludes net
investment gains (losses) and net derivative gains (losses).

  The following additional adjustments are made to revenues, in the line items
indicated, in calculating adjusted revenues:

 .   Universal life and investment-type product policy fees excludes the
     amortization of unearned revenue related to net investment gains (losses)
     and net derivative gains (losses) and certain variable annuity GMIB fees
     ("GMIB fees"); and

                                    MLIC-27

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

2. Segment Information (continued)


 .   Net investment income: (i) includes adjustments for earned income on
     derivatives and amortization of premium on derivatives that are hedges of
     investments or that are used to replicate certain investments, but do not
     qualify for hedge accounting treatment, (ii) excludes post-tax adjusted
     earnings adjustments relating to insurance joint ventures accounted for
     under the equity method, (iii) excludes certain amounts related to
     securitization entities that are VIEs consolidated under GAAP and
     (iv) includes distributions of profits from certain other limited
     partnership interests that were previously accounted for under the cost
     method, but are now accounted for at estimated fair value, where the
     change in estimated fair value is recognized in net investment gains
     (losses) under GAAP.

  The following additional adjustments are made to expenses, in the line items
indicated, in calculating adjusted expenses:

 .   Policyholder benefits and claims and policyholder dividends excludes:
     (i) amortization of basis adjustments associated with de-designated fair
     value hedges of future policy benefits, (ii) changes in the policyholder
     dividend obligation related to net investment gains (losses) and net
     derivative gains (losses), (iii) amounts associated with periodic
     crediting rate adjustments based on the total return of a contractually
     referenced pool of assets and other pass-through adjustments,
     (iv) benefits and hedging costs related to GMIBs ("GMIB costs") and
     (v) market value adjustments associated with surrenders or terminations of
     contracts ("Market value adjustments");

 .   Interest credited to policyholder account balances includes adjustments
     for earned income on derivatives and amortization of premium on
     derivatives that are hedges of policyholder account balances but do not
     qualify for hedge accounting treatment;

 .   Amortization of DAC and VOBA excludes amounts related to: (i) net
     investment gains (losses) and net derivative gains (losses), (ii) GMIB
     fees and GMIB costs and (iii) Market value adjustments;

 .   Interest expense on debt excludes certain amounts related to
     securitization entities that are VIEs consolidated under GAAP; and

 .   Other expenses excludes: (i) noncontrolling interests, (ii) acquisition,
     integration and other costs, and (iii) goodwill impairments.

  The tax impact of the adjustments mentioned above are calculated net of the
U.S. or foreign statutory tax rate, which could differ from the Company's
effective tax rate. Additionally, the provision for income tax (expense)
benefit also includes the impact related to the timing of certain tax credits,
as well as certain tax reforms.

  Set forth in the tables below is certain financial information with respect
to the Company's segments, as well as Corporate & Other, for the years ended
December 31, 2019, 2018 and 2017 and at December 31, 2019 and 2018. The segment
accounting policies are the same as those used to prepare the Company's
consolidated financial statements, except for adjusted earnings adjustments as
defined above. In addition, segment accounting policies include the method of
capital allocation described below.

  Economic capital is an internally developed risk capital model, the purpose
of which is to measure the risk in the business and to provide a basis upon
which capital is deployed. The economic capital model accounts for the unique
and specific nature of the risks inherent in MetLife's and the Company's
business.

  MetLife's economic capital model, coupled with considerations of local
capital requirements, aligns segment allocated equity with emerging standards
and consistent risk principles. The model applies statistics-based risk
evaluation principles to the material risks to which the Company is exposed.
These consistent risk principles include calibrating required economic capital
shock factors to a specific confidence level and time horizon while applying an
industry standard method for the inclusion of diversification benefits among
risk types. MetLife's management is responsible for the ongoing production and
enhancement of the economic capital model and reviews its approach periodically
to ensure that it remains consistent with emerging industry practice standards.

  Segment net investment income is credited or charged based on the level of
allocated equity; however, changes in allocated equity do not impact the
Company's consolidated net investment income, net income (loss), or adjusted
earnings.


                                    MLIC-28

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

2. Segment Information (continued)

  Net investment income is based upon the actual results of each segment's
specifically identifiable investment portfolios adjusted for allocated equity.
Other costs are allocated to each of the segments based upon: (i) a review of
the nature of such costs; (ii) time studies analyzing the amount of employee
compensation costs incurred by each segment; and (iii) cost estimates included
in the Company's product pricing.

                                                   MetLife    Corporate                               Total
Year Ended December 31, 2019            U.S.       Holdings    & Other       Total     Adjustments Consolidated
----------------------------------  ------------  ----------- ---------  ------------  ----------- ------------
                                                                   (In millions)
Revenues
Premiums...........................  $    18,510   $    3,098  $     --   $    21,608   $      --   $    21,608
Universal life and investment-type
 product policy fees...............        1,037          912        --         1,949          88         2,037
Net investment income..............        6,647        4,688       (73)       11,262        (289)       10,973
Other revenues.....................          815          220       538         1,573          --         1,573
Net investment gains (losses)......           --           --        --            --         346           346
Net derivative gains (losses)......           --           --        --            --        (288)         (288)
                                    ------------  ----------- ---------  ------------  ----------- ------------
 Total revenues....................       27,009        8,918       465        36,392        (143)       36,249
                                    ------------  ----------- ---------  ------------  ----------- ------------
Expenses
Policyholder benefits and claims
 and policyholder dividends........       18,963        5,920        --        24,883         206        25,089
Interest credited to policyholder
 account balances..................        1,925          718        --         2,643         (19)        2,624
Capitalization of DAC..............          (53)          10        --           (43)         --           (43)
Amortization of DAC and VOBA.......           55          220        --           275         (36)          239
Interest expense on debt...........           10            8        87           105          --           105
Other expenses.....................        2,947          844       877         4,668           7         4,675
                                    ------------  ----------- ---------  ------------  ----------- ------------
 Total expenses....................       23,847        7,720       964        32,531         158        32,689
                                    ------------  ----------- ---------  ------------  ----------- ------------
Provision for income tax expense
 (benefit).........................          656          232      (677)          211         (63)          148
                                    ------------  ----------- ---------  ------------              ------------
 Adjusted earnings.................  $     2,506   $      966  $    178         3,650
                                    ============  =========== =========
Adjustments to:
Total revenues.....................                                              (143)
Total expenses.....................                                              (158)
Provision for income tax (expense)
 benefit...........................                                                63
                                                                         ------------
 Net income (loss).................                                       $     3,412               $     3,412
                                                                         ============              ============

                                             MetLife    Corporate
 At December 31, 2019              U.S.      Holdings    & Other      Total
 -----------------------------  ----------- ----------- ---------- -----------
                                                (In millions)
 Total assets..................  $  246,319  $  156,327  $  28,171  $  430,817
 Separate account assets.......  $   73,056  $   44,811  $      --  $  117,867
 Separate account liabilities..  $   73,056  $   44,811  $      --  $  117,867

                                    MLIC-29

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

2. Segment Information (continued)


                                                         MetLife     Corporate                                Total
Year Ended December 31, 2018                 U.S.        Holdings     & Other       Total     Adjustments  Consolidated
---------------------------------------  ------------  ------------ ----------  ------------  -----------  ------------
                                                                          (In millions)
Revenues
Premiums................................  $    23,388   $     3,205  $      20   $    26,613   $       --   $    26,613
Universal life and investment-type
 product policy fees....................        1,023         1,008         --         2,031           93         2,124
Net investment income...................        6,678         4,780       (154)       11,304         (385)       10,919
Other revenues..........................          775           240        571         1,586           --         1,586
Net investment gains (losses)...........           --            --         --            --          153           153
Net derivative gains (losses)...........           --            --         --            --          766           766
                                         ------------  ------------ ----------  ------------  -----------  ------------
 Total revenues.........................       31,864         9,233        437        41,534          627        42,161
                                         ------------  ------------ ----------  ------------  -----------  ------------
Expenses
Policyholder benefits and claims and
 policyholder dividends.................       24,202         5,870          5        30,077          105        30,182
Interest credited to policyholder
 account balances.......................        1,735           748         --         2,483           (4)        2,479
Capitalization of DAC...................          (40)            6         --           (34)          --           (34)
Amortization of DAC and VOBA............           75           245         --           320          150           470
Interest expense on debt................           12             8         88           108           --           108
Other expenses..........................        2,838           980        834         4,652           (5)        4,647
                                         ------------  ------------ ----------  ------------  -----------  ------------
 Total expenses.........................       28,822         7,857        927        37,606          246        37,852
                                         ------------  ------------ ----------  ------------  -----------  ------------
Provision for income tax expense
 (benefit)..............................          648           269       (823)           94           79           173
                                         ------------  ------------ ----------  ------------               ------------
 Adjusted earnings......................  $     2,394   $     1,107  $     333         3,834
                                         ============  ============ ==========
Adjustments to:
Total revenues..........................                                                 627
Total expenses..........................                                                (246)
Provision for income tax (expense)
 benefit................................                                                 (79)
                                                                                ------------
 Net income (loss)......................                                         $     4,136                $     4,136
                                                                                ============               ============

                                               MetLife      Corporate
 At December 31, 2018              U.S.        Holdings      & Other        Total
-----------------------------  ------------- ------------- -----------  -------------
                                                   (In millions)
Total assets..................  $    233,998  $    147,498  $    25,421  $    406,917
Separate account assets.......  $     69,328  $     41,522  $       --   $    110,850
Separate account liabilities..  $     69,328  $     41,522  $       --   $    110,850

                                    MLIC-30

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

2. Segment Information (continued)


                                                       MetLife     Corporate                              Total
Year Ended December 31, 2017                 U.S.      Holdings     & Other      Total     Adjustments Consolidated
---------------------------------------  -----------  ----------  ----------  -----------  ----------- ------------
                                                                       (In millions)
Revenues
Premiums................................ $    19,496  $    3,420  $        9  $    22,925   $     --   $    22,925
Universal life and investment-type
 product policy fees....................       1,004       1,126          --        2,130         97         2,227
Net investment income...................       6,206       4,920        (243)      10,883       (370)       10,513
Other revenues..........................         781         200         589        1,570         --         1,570
Net investment gains (losses)...........          --          --          --           --        334           334
Net derivative gains (losses)...........          --          --          --           --       (344)         (344)
                                         -----------  ----------  ----------  -----------  ----------- ------------
 Total revenues.........................      27,487       9,666         355       37,508       (283)       37,225
                                         -----------  ----------  ----------  -----------  ----------- ------------
Expenses
Policyholder benefits and claims and
 policyholder dividends.................      20,558       6,006           4       26,568        321        26,889
Interest credited to policyholder
 account balances.......................       1,459         779          --        2,238         (3)        2,235
Capitalization of DAC...................         (48)        (13)         --          (61)        --           (61)
Amortization of DAC and VOBA............          56         303          --          359       (118)          241
Interest expense on debt................          11           8          87          106         --           106
Other expenses..........................       2,717       1,201         930        4,848          1         4,849
                                         -----------  ----------  ----------  -----------  ----------- ------------
 Total expenses.........................      24,753       8,284       1,021       34,058        201        34,259
                                         -----------  ----------  ----------  -----------   --------   -----------
Provision for income tax expense
 (benefit)..............................         954         427        (368)       1,013     (1,574)         (561)
                                         -----------  ----------  ----------  -----------              ------------
 Adjusted earnings...................... $     1,780  $      955  $     (298)       2,437
                                         ===========  ==========  ==========
Adjustments to:
Total revenues..........................                                             (283)
Total expenses..........................                                             (201)
Provision for income tax (expense)
 benefit................................                                            1,574
                                                                              -----------
 Net income (loss)......................                                      $     3,527              $     3,527
                                                                              ===========              ============

  The following table presents total premiums, universal life and
investment-type product policy fees and other revenues by major product groups
of the Company's segments, as well as Corporate & Other:

                                                       Years Ended December 31,
                                                       -----------------------
                                                        2019     2018    2017
                                                       -------  ------- -------
                                                            (In millions)
 Life insurance....................................... $13,413  $13,251 $13,139
 Accident & health insurance..........................   8,556    8,071   7,933
 Annuities............................................   2,917    8,685   5,390
 Other................................................     332      316     260
                                                       -------  ------- -------
  Total............................................... $25,218  $30,323 $26,722
                                                       =======  ======= =======

  Substantially all of the Company's consolidated premiums, universal life and
investment-type product policy fees and other revenues originated in the U.S.

  Revenues derived from one U.S. segment customer were $3.0 billion,
$3.1 billion and $2.8 billion for the years ended December 31, 2019, 2018 and
2017, respectively, which represented 12%, 10% and 11% of the consolidated
premiums, universal life and investment-type product policy fees and other
revenues, respectively. Revenues derived from the second U.S. segment customer
were $6.0 billion for the year ended December 31, 2018, which represented 20%
of consolidated premiums, universal life and investment-type product policy
fees and other revenues. The revenue was from a single premium received for a
pension risk transfer. Revenues derived from any other customer did not exceed
10% of consolidated premiums, universal life and investment-type product policy
fees and other revenues for the years ended December 31, 2019, 2018 and 2017.

                                    MLIC-31

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)


3. Insurance

Insurance Liabilities

  Insurance liabilities, including affiliated insurance liabilities on
reinsurance assumed and ceded, are comprised of future policy benefits,
policyholder account balances and other policy-related balances. Information
regarding insurance liabilities by segment, as well as Corporate & Other, was
as follows at:

                                                 December 31,
                                               -----------------
                                                 2019     2018
                                               -------- --------
                                                 (In millions)
                U.S........................... $139,081 $135,003
                MetLife Holdings..............   88,451   88,725
                Corporate & Other.............      212      291
                                               -------- --------
                 Total........................ $227,744 $224,019
                                               ======== ========

  See Note 5 for discussion of affiliated reinsurance liabilities included in
the table above.

  Future policy benefits are measured as follows:

      -------------------------------------------------------------------
      Product Type:                Measurement Assumptions:
      -------------------------------------------------------------------
      Participating life           Aggregate of (i) net level premium
                                     reserves for death and endowment
                                     policy benefits (calculated based
                                     upon the non-forfeiture interest
                                     rate, ranging from 3% to 7%, and
                                     mortality rates guaranteed in
                                     calculating the cash surrender
                                     values described in such
                                     contracts); and (ii) the liability
                                     for terminal dividends.
      -------------------------------------------------------------------
      Nonparticipating life        Aggregate of the present value of
                                     future expected benefit payments
                                     and related expenses less the
                                     present value of future expected
                                     net premiums. Assumptions as to
                                     mortality and persistency are based
                                     upon the Company's experience when
                                     the basis of the liability is
                                     established. Interest rate
                                     assumptions for the aggregate
                                     future policy benefit liabilities
                                     range from 2% to 11%.
      -------------------------------------------------------------------
      Individual and group         Present value of future expected
      traditional fixed annuities    payments. Interest rate assumptions
      after annuitization            used in establishing such
                                     liabilities range from 1% to 11%.
      -------------------------------------------------------------------
      Non-medical health           The net level premium method and
      insurance                      assumptions as to future morbidity,
                                     withdrawals and interest, which
                                     provide a margin for adverse
                                     deviation. Interest rate
                                     assumptions used in establishing
                                     such liabilities range from 1% to
                                     7%.
      -------------------------------------------------------------------
      Disabled lives               Present value of benefits method and
                                     experience assumptions as to claim
                                     terminations, expenses and
                                     interest. Interest rate assumptions
                                     used in establishing such
                                     liabilities range from 2% to 8%.
      -------------------------------------------------------------------

  Participating business represented 3% of the Company's life insurance
in-force at both December 31, 2019 and 2018. Participating policies represented
19%, 20% and 21% of gross traditional life insurance premiums for the years
ended December 31, 2019, 2018 and 2017, respectively.

  Policyholder account balances are equal to: (i) policy account values, which
consist of an accumulation of gross premium payments; and (ii) credited
interest, ranging from less than 1% to 8%, less expenses, mortality charges and
withdrawals.

                                    MLIC-32

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

3. Insurance (continued)


Guarantees

   The Company issues directly and assumes through reinsurance variable annuity
products with guaranteed minimum benefits. GMABs, the non-life contingent
portion of GMWBs and certain non-life contingent portions of GMIBs are
accounted for as embedded derivatives in policyholder account balances and are
further discussed in Note 8. Guarantees accounted for as insurance liabilities
include:

 ------------------------------------------------------------------------------
 Guarantee:                                   Measurement Assumptions:
 ------------------------------------------------------------------------------
 GMDBs  . A return of purchase payment      . Present value of expected death
           upon death even if the account      benefits in excess of the
           value is reduced to zero.           projected account balance
                                               recognizing the excess ratably
                                               over the accumulation period
                                               based on the present value of
                                               total expected assessments.

        . An enhanced death benefit may be  . Assumptions are consistent with
           available for an additional fee.    those used for amortizing DAC,
                                               and are thus subject to the
                                               same variability and risk.

                                            .  Investment performance and
                                               volatility assumptions are
                                               consistent with the historical
                                               experience of the appropriate
                                               underlying equity index, such
                                               as the S&P 500 Index.

                                            . Benefit assumptions are based on
                                               the average benefits payable
                                               over a range of scenarios.
 ------------------------------------------------------------------------------
 GMIBs  . After a specified period of time  . Present value of expected income
           determined at the time of           benefits in excess of the
           issuance of the variable            projected account balance at
           annuity contract, a minimum         any future date of
           accumulation of purchase            annuitization and recognizing
           payments, even if the account       the excess ratably over the
           value is reduced to zero, that      accumulation period based on
           can be annuitized to receive a      present value of total expected
           monthly income stream that is       assessments.
           not less than a specified
           amount.

        .  Certain contracts also provide   . Assumptions are consistent with
           for a guaranteed lump sum           those used for estimating GMDB
           return of purchase premium in       liabilities.
           lieu of the annuitization
           benefit.

                                            . Calculation incorporates an
                                               assumption for the percentage
                                               of the potential annuitizations
                                               that may be elected by the
                                               contractholder.
 ------------------------------------------------------------------------------
 GMWBs. . A return of purchase payment via  . Expected value of the life
           partial withdrawals, even if        contingent payments and
           the account value is reduced to     expected assessments using
           zero, provided that cumulative      assumptions consistent with
           withdrawals in a contract year      those used for estimating the
           do not exceed a certain limit.      GMDB liabilities.

        . Certain contracts include
           guaranteed withdrawals that are
           life contingent.
 ------------------------------------------------------------------------------

  The Company also issues other annuity contracts that apply a lower rate on
funds deposited if the contractholder elects to surrender the contract for cash
and a higher rate if the contractholder elects to annuitize. These guarantees
include benefits that are payable in the event of death, maturity or at
annuitization. Certain other annuity contracts contain guaranteed annuitization
benefits that may be above what would be provided by the current account value
of the contract. Additionally, the Company issues universal and variable life
contracts where the Company contractually guarantees to the contractholder a
secondary guarantee or a guaranteed paid-up benefit.

                                    MLIC-33

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

3. Insurance (continued)


   Information regarding the liabilities for guarantees (excluding base policy
liabilities and embedded derivatives) relating to annuity and universal and
variable life contracts was as follows:

                                                       Universal and Variable
                                  Annuity Contracts       Life Contracts
                               ----------------------  ---------------------
                                GMDBs and              Secondary    Paid-Up
                                  GMWBs       GMIBs    Guarantees  Guarantees     Total
                               ----------  ----------  ----------  ---------- ------------
                                                      (In millions)
Direct:
Balance at January 1, 2017.... $      268  $      467  $      620  $      102 $      1,457
Incurred guaranteed benefits..         58         112         105           7          282
Paid guaranteed benefits......         --          --          --          --           --
                               ----------  ----------  ----------  ---------- ------------
Balance at December 31, 2017..        326         579         725         109        1,739
Incurred guaranteed benefits..          3         162          95           5          265
Paid guaranteed benefits......        (12)         (3)         --          --          (15)
                               ----------  ----------  ----------  ---------- ------------
Balance at December 31, 2018..        317         738         820         114        1,989
Incurred guaranteed benefits..         57          19         255          52          383
Paid guaranteed benefits......        (13)         --          --          --          (13)
                               ----------  ----------  ----------  ---------- ------------
Balance at December 31, 2019.. $      361  $      757  $    1,075  $      166 $      2,359
                               ==========  ==========  ==========  ========== ============
Ceded:
Balance at January 1, 2017.... $       44  $      (21) $      249  $       71 $        343
Incurred guaranteed benefits..        (44)         21          23           5            5
Paid guaranteed benefits......         --          --          --          --           --
                               ----------  ----------  ----------  ---------- ------------
Balance at December 31, 2017..         --          --         272          76          348
Incurred guaranteed benefits..         --          --          29           4           33
Paid guaranteed benefits......         --          --          --          --           --
                               ----------  ----------  ----------  ---------- ------------
Balance at December 31, 2018..         --          --         301          80          381
Incurred guaranteed benefits..         --          --          95          15          110
Paid guaranteed benefits......         --          --          --          --           --
                               ----------  ----------  ----------  ---------- ------------
Balance at December 31, 2019.. $       --  $       --  $      396  $       95 $        491
                               ==========  ==========  ==========  ========== ============
Net:
Balance at January 1, 2017.... $      224  $      488  $      371  $       31 $      1,114
Incurred guaranteed benefits..        102          91          82           2          277
Paid guaranteed benefits......         --          --          --          --           --
                               ----------  ----------  ----------  ---------- ------------
Balance at December 31, 2017..        326         579         453          33        1,391
Incurred guaranteed benefits..          3         162          66           1          232
Paid guaranteed benefits......        (12)         (3)         --          --          (15)
                               ----------  ----------  ----------  ---------- ------------
Balance at December 31, 2018..        317         738         519          34        1,608
Incurred guaranteed benefits..         57          19         160          37          273
Paid guaranteed benefits......        (13)         --          --          --          (13)
                               ----------  ----------  ----------  ---------- ------------
Balance at December 31, 2019.. $      361  $      757  $      679  $       71 $      1,868
                               ==========  ==========  ==========  ========== ============


                                    MLIC-34

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

3. Insurance (continued)

    Information regarding the Company's guarantee exposure, which includes
  direct business, but excludes offsets from hedging or reinsurance, if any,
  was as follows at:

                                                                             December 31,
                                              -----------------------------------------------------------------------
                                                              2019                                  2018
                                              ---------------------------------     ---------------------------------
                                                   In the               At               In the               At
                                                Event of Death      Annuitization     Event of Death      Annuitization
                                              ----------------   ---------------    ----------------   ---------------
                                                                         (Dollars in millions)
Annuity Contracts:
Variable Annuity Guarantees:
 Total account value (1), (2)................  $      49,207      $      21,472      $      47,393      $      20,692
 Separate account value (1)..................  $      39,679      $      20,666      $      37,342      $      19,839
 Net amount at risk..........................  $       1,195 (3)  $         524 (4)  $       2,433 (3)  $         418 (4)
Average attained age of contractholders......       68 years           66 years           67 years           65 years
Other Annuity Guarantees:
 Total account value (1), (2)................            N/A      $         143                N/A      $         144
 Net amount at risk..........................            N/A      $          80 (5)            N/A      $          85 (5)
Average attained age of contractholders......            N/A           54 years                N/A           53 years

                                                                             December 31,
                                              -----------------------------------------------------------------------
                                                              2019                                  2018
                                              ---------------------------------     ---------------------------------
                                                 Secondary            Paid-Up          Secondary            Paid-Up
                                                 Guarantees         Guarantees         Guarantees         Guarantees
                                              ----------------   ---------------    ----------------   ---------------
                                                                         (Dollars in millions)
Universal and Variable Life Contracts:
 Total account value (1), (2)................  $       4,909      $         899      $       4,614      $         937
 Net amount at risk (6)......................  $      41,385      $       5,884      $      44,596      $       6,290
Average attained age of policyholders........       57 years           64 years           55 years           63 years

--------

(1) The Company's annuity and life contracts with guarantees may offer more
    than one type of guarantee in each contract. Therefore, the amounts listed
    above may not be mutually exclusive.

(2) Includes the contractholder's investments in the general account and
    separate account, if applicable.

(3) Defined as the death benefit less the total account value, as of the
    balance sheet date. It represents the amount of the claim that the Company
    would incur if death claims were filed on all contracts on the balance
    sheet date and includes any additional contractual claims associated with
    riders purchased to assist with covering income taxes payable upon death.

(4) Defined as the amount (if any) that would be required to be added to the
    total account value to purchase a lifetime income stream, based on current
    annuity rates, equal to the minimum amount provided under the guaranteed
    benefit. This amount represents the Company's potential economic exposure
    to such guarantees in the event all contractholders were to annuitize on
    the balance sheet date, even though the contracts contain terms that allow
    annuitization of the guaranteed amount only after the 10th anniversary of
    the contract, which not all contractholders have achieved.

(5) Defined as either the excess of the upper tier, adjusted for a profit
    margin, less the lower tier, as of the balance sheet date or the amount (if
    any) that would be required to be added to the total account value to
    purchase a lifetime income stream, based on current annuity rates, equal to
    the minimum amount provided under the guaranteed benefit. These amounts
    represent the Company's potential economic exposure to such guarantees in
    the event all contractholders were to annuitize on the balance sheet date.

(6) Defined as the guarantee amount less the account value, as of the balance
    sheet date. It represents the amount of the claim that the Company would
    incur if death claims were filed on all contracts on the balance sheet date.

                                    MLIC-35

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

3. Insurance (continued)


  Guarantees -- Separate Accounts

   Account balances of contracts with guarantees were invested in separate
account asset classes as follows at:

                                                 December 31,
                                          ---------------------------
                                              2019          2018
                                          ------------- -------------
                                                 (In millions)
           Fund Groupings:
           Equity........................ $      21,960 $      18,073
           Balanced......................        17,396        15,831
           Bond..........................         3,024         2,885
           Money Market..................            48            53
                                          ------------- -------------
            Total........................ $      42,428 $      36,842
                                          ============= =============

Obligations Assumed Under Structured Settlement Assignments

  The Company assumed structured settlement claim obligations as an assignment
company. These liabilities are measured at the present value of the periodic
claims to be provided and reported as other policy-related balances. The
Company received a fee for assuming these claim obligations and, as the
assignee of the claim, is legally obligated to ensure periodic payments are
made to the claimant. The Company purchased annuities to fund these periodic
payment claim obligations and designates payments to be made directly to the
claimant by the annuity writer. These annuities funding structured settlement
claims are recorded as an investment. The Company has recorded unpaid claim
obligations and annuity contracts of equal amounts of $1.3 billion for both the
years ended December 31, 2019 and 2018. See Note 1.

Obligations Under Funding Agreements

  The Company issues fixed and floating rate funding agreements, which are
denominated in either U.S. dollars or foreign currencies, to certain
unconsolidated special purpose entities that have issued either debt securities
or commercial paper for which payment of interest and principal is secured by
such funding agreements. For the years ended December 31, 2019, 2018 and 2017,
the Company issued $37.3 billion, $41.8 billion and $42.7 billion,
respectively, and repaid $36.4 billion, $43.7 billion and $41.4 billion,
respectively, of such funding agreements. At December 31, 2019 and 2018,
liabilities for funding agreements outstanding, which are included in
policyholder account balances, were $34.6 billion and $32.3 billion,
respectively.

  Metropolitan Life Insurance Company is a member of the FHLB of New York.
Holdings of common stock of the FHLB of New York, included in other invested
assets, were $737 million and $724 million at December 31, 2019 and 2018,
respectively.

   The Company has also entered into funding agreements with the FHLB of New
York and a subsidiary of the Federal Agricultural Mortgage Corporation, a
federally chartered instrumentality of the U.S. ("Farmer Mac"). The liability
for such funding agreements is included in policyholder account balances.
Information related to such funding agreements was as follows at:

                                  Liability                  Collateral
                          ------------------------- ------------------------
                                               December 31,
                          --------------------------------------------------
                              2019         2018           2019          2018
                          ------------ ------------ ------------     -------
                                              (In millions)
FHLB of New York (1)..... $     14,445 $     14,245 $     16,570 (2) $16,340 (2)
Farmer Mac (3)........... $      2,550 $      2,550 $      2,670     $ 2,639

--------

(1) Represents funding agreements issued to the FHLB of New York in exchange
    for cash and for which the FHLB of New York has been granted a lien on
    certain assets, some of which are in the custody of the FHLB of New York,
    including residential mortgage-backed securities ("RMBS"), to collateralize
    obligations under such funding agreements. The Company is permitted to
    withdraw any portion of the collateral in the custody of the FHLB of New
    York as long as there is no event of default and the remaining qualified
    collateral is sufficient to satisfy the collateral maintenance level. Upon
    any event of default by the Company, the FHLB of New York's recovery on the
    collateral is limited to the amount of the Company's liability to the FHLB
    of New York.

                                    MLIC-36

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

3. Insurance (continued)


(2) Advances are collateralized by mortgage-backed securities. The amount of
    collateral presented is at estimated fair value.

(3) Represents funding agreements issued to a subsidiary of Farmer Mac. The
    obligations under these funding agreements are secured by a pledge of
    certain eligible agricultural mortgage loans and may, under certain
    circumstances, be secured by other qualified collateral. The amount of
    collateral presented is at carrying value.

Liabilities for Unpaid Claims and Claim Expenses

  The following is information about incurred and paid claims development by
segment at December 31, 2019. Such amounts are presented net of reinsurance,
and are not discounted. The tables present claims development and cumulative
claim payments by incurral year. The development tables are only presented for
significant short-duration product liabilities within each segment. Where
practical, up to 10 years of history has been provided. The information about
incurred and paid claims development prior to 2019 is presented as
supplementary information.

  U.S.

   Group Life -- Term

                 Incurred Claims and Allocated Claim Adjustment Expense, Net of Reinsurance              At December 31, 2019
         ------------------------------------------------------------------------------------------  ----------------------------
                                      For the Years Ended December 31,                                  Total IBNR
         ------------------------------------------------------------------------------------------  Liabilities Plus
                                            (Unaudited)                                                  Expected     Cumulative
         ---------------------------------------------------------------------------------            Development on  Number of
Incurral                                                                                                 Reported      Reported
  Year      2011       2012      2013      2014      2015      2016      2017      2018      2019         Claims        Claims
-------- ---------- ---------- --------- --------- --------- --------- --------- --------- --------  ---------------- -----------
                                                          (Dollars in millions)
  2011.. $    6,318 $    6,290 $   6,293 $   6,269 $   6,287 $   6,295 $   6,294 $   6,295 $  6,297       $    1          207,857
  2012..                 6,503     6,579     6,569     6,546     6,568     6,569     6,569    6,572            2          209,500
  2013..                           6,637     6,713     6,719     6,720     6,730     6,720    6,723            2          212,019
  2014..                                     6,986     6,919     6,913     6,910     6,914    6,919            4          214,563
  2015..                                               7,040     7,015     7,014     7,021    7,024            5          216,429
  2016..                                                         7,125     7,085     7,095    7,104            8          215,108
  2017..                                                                   7,432     7,418    7,425           15          253,613
  2018..                                                                             7,757    7,655           37          235,820
  2019..                                                                                      7,935          848          185,891
                                                                                           --------
 Total...............................................................                        63,654
Cumulative paid claims and paid allocated claim adjustment
 expenses, net of reinsurance.........................................                      (61,612)
All outstanding liabilities for incurral years prior to 2011, net
 of reinsurance.......................................................                           15
                                                                                           --------
 Total unpaid claims and claim adjustment expenses, net of
  reinsurance........................................................                      $  2,057
                                                                                           ========

                     Cumulative Paid Claims and Paid Allocated Claim Adjustment Expenses, Net of Reinsurance
               ----------------------------------------------------------------------------------------------------
                                                 For the Years Ended December 31,
               ----------------------------------------------------------------------------------------------------
                                                     (Unaudited)
               --------------------------------------------------------------------------------------- ------------
Incurral Year     2011       2012       2013       2014       2015       2016       2017       2018        2019
-------------  ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ------------
                                                          (In millions)
    2011...... $    4,982 $    6,194 $    6,239 $    6,256 $    6,281 $    6,290 $    6,292 $    6,295  $     6,296
    2012......                 5,132      6,472      6,518      6,532      6,558      6,565      6,566        6,569
    2013......                            5,216      6,614      6,664      6,678      6,711      6,715        6,720
    2014......                                       5,428      6,809      6,858      6,869      6,902        6,912
    2015......                                                  5,524      6,913      6,958      6,974        7,008
    2016......                                                             5,582      6,980      7,034        7,053
    2017......                                                                        5,761      7,292        7,355
    2018......                                                                                   6,008        7,521
    2019......                                                                                                6,178
                                                                                                       ------------
 Total cumulative paid claims and paid allocated claim adjustment expenses, net of reinsurance.......   $    61,612
                                                                                                       ============

                                    MLIC-37

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

3. Insurance (continued)


   Average Annual Percentage Payout

     The following is supplementary information about average historical claims
   duration at December 31, 2019:

                                        Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
                                  -----------------------------------------------------------------------------------
   Years.........................   1          2         3         4         5         6        7       8       9
   Group Life - Term............. 78.3%      20.0%      0.7%      0.2%      0.4%      0.1%     --%     --%     --%

   Group Long-Term Disability

                 Incurred Claims and Allocated Claim Adjustment Expense, Net of Reinsurance            At December 31, 2019
          ---------------------------------------------------------------------------------------  ----------------------------
                                      For the Years Ended December 31,                                Total IBNR
          ---------------------------------------------------------------------------------------  Liabilities Plus
                                            (Unaudited)                                                Expected     Cumulative
          -------------------------------------------------------------------------------           Development on  Number of
Incurral                                                                                               Reported      Reported
 Year       2011      2012      2013      2014      2015      2016      2017      2018      2019        Claims        Claims
--------  --------- --------- --------- --------- --------- --------- --------- --------- -------  ---------------- -----------
                                                          (Dollars in millions)
  2011... $     955 $     916 $     894 $     914 $     924 $     923 $     918 $     917 $   914       $   --           21,644
  2012...                 966       979       980     1,014     1,034     1,037     1,021   1,015           --           20,085
  2013...                         1,008     1,027     1,032     1,049     1,070     1,069   1,044           --           21,137
  2014...                                   1,076     1,077     1,079     1,101     1,109   1,098           --           22,851
  2015...                                             1,082     1,105     1,093     1,100   1,087           --           21,203
  2016...                                                       1,131     1,139     1,159   1,162           --           17,958
  2017...                                                                 1,244     1,202   1,203           12           16,266
  2018...                                                                           1,240   1,175           35           14,869
  2019...                                                                                   1,277          657            8,350
                                                                                          -------
 Total..................................................................................    9,975
Cumulative paid claims and paid allocated claim adjustment expenses, net of reinsurance..  (4,713)
All outstanding liabilities for incurral years prior to 2011, net of reinsurance.........   1,829
                                                                                          -------
 Total unpaid claims and claim adjustment expenses, net of reinsurance..................  $ 7,091
                                                                                          =======

                  Cumulative Paid Claims and Paid Allocated Claim Adjustment Expenses, Net of Reinsurance
                  --------------------------------------------------------------------------------------------------
                                           For the Years Ended December 31,
                  --------------------------------------------------------------------------------------------------
                                               (Unaudited)
                  --------------------------------------------------------------------------------------
Incurral Year      2011        2012        2013       2014       2015       2016       2017       2018      2019
-------------      -------    --------    --------   --------   --------   --------   --------  -------- -----------
                                                    (In millions)
    2011......... $    44    $    217    $    337   $    411   $    478   $    537   $    588   $    635  $      670
    2012.........                  43         229        365        453        524        591        648         694
    2013.........                              43        234        382        475        551        622         676
    2014.........                                         51        266        428        526        609         677
    2015.........                                                    50        264        427        524         601
    2016.........                                                               49        267        433         548
    2017.........                                                                          56        290         476
    2018.........                                                                                     54         314
    2019.........                                                                                                 57
                                                                                                         -----------
 Total cumulative paid claims and paid allocated claim adjustment expenses, net of reinsurance            $    4,713
                                                                                                         ===========

   Average Annual Percentage Payout

     The following is supplementary information about average historical claims
   duration at December 31, 2019:

                                      Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance
                                -----------------------------------------------------------------------------------
 Years.........................  1          2          3        4        5        6        7        8        9
 Group Long-Term Disability.... 4.5%      19.4%      14.3%     8.9%     7.2%     6.5%     5.5%     4.8%     4.0%

  Significant Methodologies and Assumptions

     Group Life - Term and Group Long-Term Disability incurred but not paid
   ("IBNP") liabilities are developed using a combination of loss ratio and
   development methods. Claims in the course of settlement are then subtracted
   from the IBNP liabilities, resulting in the IBNR liabilities. The loss ratio
   method is used in the period in which the claims are neither

                                    MLIC-38

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

3. Insurance (continued)

   sufficient nor credible. In developing the loss ratios, any material rate
   increases that could change the underlying premium without affecting the
   estimated incurred losses are taken into account. For periods where
   sufficient and credible claim data exists, the development method is used
   based on the claim triangles which categorize claims according to both the
   period in which they were incurred and the period in which they were paid,
   adjudicated or reported. The end result is a triangle of known data that is
   used to develop known completion ratios and factors. Claims paid are then
   subtracted from the estimated ultimate incurred claims to calculate the IBNP
   liability.

     An expense liability is held for the future expenses associated with the
   payment of incurred but not yet paid claims (IBNR and pending). This is
   expressed as a percentage of the underlying claims liability and is based on
   past experience and the anticipated future expense structure.

     For Group Life - Term and Group Long-Term Disability, first year incurred
   claims and allocated loss adjustment expenses increased in 2019 compared to
   the 2018 incurral year due to the growth in the size of the business.

     There were no significant changes in methodologies for the year ended
   December 31, 2019. The assumptions used in calculating the unpaid claims and
   claim adjustment expenses for Group Life - Term and Group Long-Term
   Disability are updated annually to reflect emerging trends in claim
   experience.

     No additional premiums or return premiums have been accrued as a result of
   the prior year development.

     Liabilities for Group Life - Term unpaid claims and claim adjustment
   expenses are not discounted.

     The liabilities for Group Long-Term Disability unpaid claims and claim
   adjustment expenses were $6.0 billion at both December 31, 2019 and 2018.
   Using interest rates ranging from 3% to 8%, based on the incurral year, the
   total discount applied to these liabilities was $1.2 billion and
   $1.3 billion at December 31, 2019 and 2018, respectively. The amount of
   interest accretion recognized was $470 million, $509 million and
   $510 million for the years ended December 31, 2019, 2018 and 2017,
   respectively. These amounts were reflected in policyholder benefits and
   claims.

     For Group Life - Term, claims were based upon individual death claims. For
   Group Long-Term Disability, claim frequency was determined by the number of
   reported claims as identified by a unique claim number assigned to
   individual claimants. Claim counts initially include claims that do not
   ultimately result in a liability. These claims are omitted from the claim
   counts once it is determined that there is no liability.

     The Group Long-Term Disability IBNR, included in the development tables
   above, was developed using discounted cash flows, and is presented on a
   discounted basis.

                                    MLIC-39

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

3. Insurance (continued)


  Reconciliation of the Disclosure of Incurred and Paid Claims Development to
  the Liability for Unpaid Claims and Claim Adjustment Expenses

    The reconciliation of the net incurred and paid claims development tables
  to the liability for unpaid claims and claims adjustment expenses on the
  consolidated balance sheet was as follows at:

                                                                                                     December 31, 2019
                                                                                              ------------------------------
                                                                                                       (In millions)
Short-Duration:
Unpaid claims and allocated claims adjustment expenses, net of reinsurance:
U.S.:
Group Life - Term............................................................................ $        2,057
Group Long-Term Disability...................................................................          7,091
                                                                                              --------------
  Total......................................................................................                $         9,148
Other insurance lines - all segments combined................................................                            671
                                                                                                             ---------------
  Total unpaid claims and allocated claims adjustment expenses, net of reinsurance...........                          9,819
                                                                                                             ---------------
Reinsurance recoverables on unpaid claims:
U.S.:
Group Life - Term............................................................................             13
Group Long-Term Disability...................................................................            133
                                                                                              --------------
  Total......................................................................................                            146
Other insurance lines - all segments combined................................................                             29
                                                                                                             ---------------
  Total reinsurance recoverable on unpaid claims.............................................                            175
                                                                                                             ---------------
  Total unpaid claims and allocated claims adjustment expense................................                          9,994
Discounting..................................................................................                         (1,233)
                                                                                                             ---------------
Liability for unpaid claims and claim adjustment liabilities - short-duration................                          8,761
Liability for unpaid claims and claim adjustment liabilities - all long-duration lines.......                          4,379
                                                                                                             ---------------
  Total liability for unpaid claims and claim adjustment expense (included in future policy
   benefits and other policy-related balances)...............................................                $        13,140
                                                                                                             ===============

                                    MLIC-40

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

3. Insurance (continued)


  Rollforward of Claims and Claim Adjustment Expenses

      Information regarding the liabilities for unpaid claims and claim
   adjustment expenses was as follows:

                                                 Years Ended December 31,
                                    -------------------------------------------------
                                          2019             2018             2017
                                    ---------------  ---------------  ---------------
                                                      (In millions)
Balance at January 1,.............. $        12,590  $        12,090  $        11,621
 Less: Reinsurance recoverables....           1,497            1,401            1,251
                                    ---------------  ---------------  ---------------
Net balance at January 1,..........          11,093           10,689           10,370
Incurred related to:
 Current year......................          17,711           16,714           16,264
 Prior years (1)...................              44              241              175
                                    ---------------  ---------------  ---------------
   Total incurred..................          17,755           16,955           16,439
                                    ---------------  ---------------  ---------------
Paid related to:
 Current year......................         (12,934)         (12,359)         (12,212)
 Prior years.......................          (4,299)          (4,192)          (3,908)
                                    ---------------  ---------------  ---------------
   Total paid......................         (17,233)         (16,551)         (16,120)
                                    ---------------  ---------------  ---------------
Net balance at December 31,........          11,615           11,093           10,689
 Add: Reinsurance recoverables.....           1,525            1,497            1,401
                                    ---------------  ---------------  ---------------
Balance at December 31,............ $        13,140  $        12,590  $        12,090
                                    ===============  ===============  ===============
--------

(1) For the years ended December 31, 2019, 2018 and 2017, claims and claim
    adjustment expenses associated with prior years increased due to events
    incurred in prior years but reported in the current year.

Separate Accounts

  Separate account assets and liabilities include two categories of account
types: pass-through separate accounts totaling $72.2 billion and $66.0 billion
at December 31, 2019 and 2018, respectively, for which the policyholder assumes
all investment risk, and separate accounts for which the Company contractually
guarantees either a minimum return or account value to the policyholder which
totaled $45.6 billion and $44.8 billion at December 31, 2019 and 2018,
respectively. The latter category consisted primarily of guaranteed interest
contracts ("GICs"). The average interest rate credited on these contracts was
2.91% and 2.68% at December 31, 2019 and 2018, respectively.

  For the years ended December 31, 2019, 2018 and 2017, there were no
investment gains (losses) on transfers of assets from the general account to
the separate accounts.

4. Deferred Policy Acquisition Costs, Value of Business Acquired and Other
Intangibles

  See Note 1 for a description of capitalized acquisition costs.

Nonparticipating and Non-Dividend-Paying Traditional Contracts

  The Company amortizes DAC and VOBA related to these contracts (term
insurance, nonparticipating whole life insurance, traditional group life
insurance, and non-medical health insurance) over the appropriate premium
paying period in proportion to the actual and expected future gross premiums
that were set at contract issue. The expected premiums are based upon the
premium requirement of each policy and assumptions for mortality, morbidity,
persistency and investment returns at policy issuance, or policy acquisition
(as it relates to VOBA), include provisions for adverse deviation, and are
consistent with the assumptions used to calculate future policyholder benefit
liabilities. These assumptions are not revised after policy issuance or
acquisition unless the DAC or VOBA balance is deemed to be unrecoverable from
future expected profits. Absent a premium deficiency, variability in
amortization after policy issuance or acquisition is caused only by variability
in premium volumes.

                                    MLIC-41

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

4. Deferred Policy Acquisition Costs, Value of Business Acquired and Other
Intangibles (continued)


Participating, Dividend-Paying Traditional Contracts

  The Company amortizes DAC and VOBA related to these contracts over the
estimated lives of the contracts in proportion to actual and expected future
gross margins. The amortization includes interest based on rates in effect at
inception or acquisition of the contracts. The future gross margins are
dependent principally on investment returns, policyholder dividend scales,
mortality, persistency, expenses to administer the business, creditworthiness
of reinsurance counterparties and certain economic variables, such as
inflation. For participating contracts within the closed block (dividend-paying
traditional contracts) future gross margins are also dependent upon changes in
the policyholder dividend obligation. See Note 6. Of these factors, the Company
anticipates that investment returns, expenses, persistency and other factor
changes, as well as policyholder dividend scales, are reasonably likely to
impact significantly the rate of DAC and VOBA amortization. Each reporting
period, the Company updates the estimated gross margins with the actual gross
margins for that period. When the actual gross margins change from previously
estimated gross margins, the cumulative DAC and VOBA amortization is
re-estimated and adjusted by a cumulative charge or credit to current
operations. When actual gross margins exceed those previously estimated, the
DAC and VOBA amortization will increase, resulting in a current period charge
to earnings. The opposite result occurs when the actual gross margins are below
the previously estimated gross margins. Each reporting period, the Company also
updates the actual amount of business in-force, which impacts expected future
gross margins. When expected future gross margins are below those previously
estimated, the DAC and VOBA amortization will increase, resulting in a current
period charge to earnings. The opposite result occurs when the expected future
gross margins are above the previously estimated expected future gross margins.
Each period, the Company also reviews the estimated gross margins for each
block of business to determine the recoverability of DAC and VOBA balances.

Fixed and Variable Universal Life Contracts and Fixed and Variable Deferred
Annuity Contracts

  The Company amortizes DAC and VOBA related to these contracts over the
estimated lives of the contracts in proportion to actual and expected future
gross profits. The amortization includes interest based on rates in effect at
inception or acquisition of the contracts. The amount of future gross profits
is dependent principally upon returns in excess of the amounts credited to
policyholders, mortality, persistency, interest crediting rates, expenses to
administer the business, creditworthiness of reinsurance counterparties, the
effect of any hedges used and certain economic variables, such as inflation. Of
these factors, the Company anticipates that investment returns, expenses and
persistency are reasonably likely to significantly impact the rate of DAC and
VOBA amortization. Each reporting period, the Company updates the estimated
gross profits with the actual gross profits for that period. When the actual
gross profits change from previously estimated gross profits, the cumulative
DAC and VOBA amortization is re-estimated and adjusted by a cumulative charge
or credit to current operations. When actual gross profits exceed those
previously estimated, the DAC and VOBA amortization will increase, resulting in
a current period charge to earnings. The opposite result occurs when the actual
gross profits are below the previously estimated gross profits. Each reporting
period, the Company also updates the actual amount of business remaining
in-force, which impacts expected future gross profits. When expected future
gross profits are below those previously estimated, the DAC and VOBA
amortization will increase, resulting in a current period charge to earnings.
The opposite result occurs when the expected future gross profits are above the
previously estimated expected future gross profits. Each period, the Company
also reviews the estimated gross profits for each block of business to
determine the recoverability of DAC and VOBA balances.

Factors Impacting Amortization

  Separate account rates of return on variable universal life contracts and
variable deferred annuity contracts affect in-force account balances on such
contracts each reporting period, which can result in significant fluctuations
in amortization of DAC and VOBA. Returns that are higher than the Company's
long-term expectation produce higher account balances, which increases the
Company's future fee expectations and decreases future benefit payment
expectations on minimum death and living benefit guarantees, resulting in
higher expected future gross profits. The opposite result occurs when returns
are lower than the Company's long-term expectation. The Company's practice to
determine the impact of gross profits resulting from returns on separate
accounts assumes that long-term appreciation in equity markets is not changed
by short-term market fluctuations, but is only changed when sustained interim
deviations are expected. The Company monitors these events and only changes the
assumption when its long-term expectation changes.

                                    MLIC-42

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

4. Deferred Policy Acquisition Costs, Value of Business Acquired and Other
Intangibles (continued)


  The Company also periodically reviews other long-term assumptions underlying
the projections of estimated gross margins and profits. These assumptions
primarily relate to investment returns, policyholder dividend scales, interest
crediting rates, mortality, persistency, policyholder behavior and expenses to
administer business. Management annually updates assumptions used in the
calculation of estimated gross margins and profits which may have significantly
changed. If the update of assumptions causes expected future gross margins and
profits to increase, DAC and VOBA amortization will decrease, resulting in a
current period increase to earnings. The opposite result occurs when the
assumption update causes expected future gross margins and profits to decrease.

  Periodically, the Company modifies product benefits, features, rights or
coverages that occur by the exchange of a contract for a new contract, or by
amendment, endorsement, or rider to a contract, or by election or coverage
within a contract. If such modification, referred to as an internal
replacement, substantially changes the contract, the associated DAC or VOBA is
written off immediately through income and any new deferrable costs associated
with the replacement contract are deferred. If the modification does not
substantially change the contract, the DAC or VOBA amortization on the original
contract will continue and any acquisition costs associated with the related
modification are expensed.

  Amortization of DAC and VOBA is attributed to net investment gains (losses)
and net derivative gains (losses), and to other expenses for the amount of
gross margins or profits originating from transactions other than investment
gains and losses. Unrealized investment gains and losses represent the amount
of DAC and VOBA that would have been amortized if such gains and losses had
been recognized.

  Information regarding DAC and VOBA was as follows:

                                                                                    Years Ended December 31,
                                                                       -------------------------------------------------
                                                                             2019             2018             2017
                                                                       ---------------  ---------------  ---------------
                                                                                         (In millions)
DAC:
Balance at January 1,.................................................  $        4,089   $        4,320   $        4,714
Capitalizations.......................................................              43               34               61
Amortization related to:
Net investment gains (losses) and net derivative gains (losses).......              25             (114)              91
Other expenses........................................................            (263)            (355)            (331)
                                                                       ---------------  ---------------  ---------------
 Total amortization...................................................            (238)            (469)            (240)
                                                                       ---------------  ---------------  ---------------
Unrealized investment gains (losses)..................................            (467)             204             (215)
                                                                       ---------------  ---------------  ---------------
Balance at December 31,...............................................           3,427            4,089            4,320
                                                                       ---------------  ---------------  ---------------
VOBA:
Balance at January 1,.................................................              28               28               29
Amortization related to other expenses................................              (1)              (1)              (1)
Unrealized investment gains (losses)..................................              (1)               1               --
                                                                       ---------------  ---------------  ---------------
Balance at December 31,...............................................              26               28               28
                                                                       ---------------  ---------------  ---------------
Total DAC and VOBA:
Balance at December 31,...............................................  $        3,453   $        4,117   $        4,348
                                                                       ===============  ===============  ===============

  Information regarding total DAC and VOBA by segment, as well as Corporate &
Other, was as follows at:

                                                 December 31,
                                         -----------------------------
                                              2019           2018
                                         -------------- --------------
                                                 (In millions)
          U.S........................... $          405 $          403
          MetLife Holdings..............          3,048          3,709
          Corporate & Other.............             --              5
                                         -------------- --------------
           Total........................ $        3,453 $        4,117
                                         ============== ==============

                                    MLIC-43

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

4. Deferred Policy Acquisition Costs, Value of Business Acquired and Other
Intangibles (continued)


   Information regarding other intangibles was as follows:

                                                Years Ended December 31,
                                           ----------------------------------
                                              2019        2018        2017
                                           ----------  ----------  ----------
                                                      (In millions)
  DSI:
  Balance at January 1,................... $       93  $       93  $      105
  Capitalization..........................          1           1           1
  Amortization............................        (20)        (15)         (8)
  Unrealized investment gains (losses)....        (12)         14          (5)
                                           ----------  ----------  ----------
  Balance at December 31,................. $       62  $       93  $       93
                                           ==========  ==========  ==========
  VODA and VOCRA:
  Balance at January 1,................... $      181  $      207  $      235
  Amortization............................        (24)        (26)        (28)
                                           ----------  ----------  ----------
  Balance at December 31,................. $      157  $      181  $      207
                                           ==========  ==========  ==========
   Accumulated amortization............... $      300  $      276  $      250
                                           ==========  ==========  ==========

  The estimated future amortization expense to be reported in other expenses
for the next five years was as follows:

                                                        VOBA     VODA and VOCRA
                                                    ------------ --------------
                                                           (In millions)
 2020.............................................. $          2 $          22
 2021.............................................. $          2 $          19
 2022.............................................. $          2 $          17
 2023.............................................. $          2 $          15
 2024.............................................. $          2 $          13

5. Reinsurance

  The Company enters into reinsurance agreements that transfers risk from its
various insurance products to affiliated and unaffiliated companies. These
cessions limit losses, minimize exposure to significant risks and provide
additional capacity for future growth. The Company also provides reinsurance by
accepting risk from affiliates and nonaffiliates.

  Under the terms of the reinsurance agreements, the reinsurer agrees to
reimburse the Company for the ceded amount in the event a claim is paid.
Cessions under reinsurance agreements do not discharge the Company's
obligations as the primary insurer. In the event that reinsurers do not meet
their obligations under the terms of the reinsurance agreements, reinsurance
recoverable balances could become uncollectible.

  Accounting for reinsurance requires extensive use of assumptions and
estimates, particularly related to the future performance of the underlying
business and the potential impact of counterparty credit risks. The Company
periodically reviews actual and anticipated experience compared to the
aforementioned assumptions used to establish assets and liabilities relating to
ceded and assumed reinsurance and evaluates the financial strength of
counterparties to its reinsurance agreements using criteria similar to that
evaluated in the security impairment process discussed in Note 7.

U.S.

  For certain policies within its Group Benefits business, the Company
generally retains most of the risk and only cedes particular risk on certain
client arrangements. The majority of the Company's reinsurance activity within
this business relates to client agreements for employer sponsored captive
programs, risk-sharing agreements and multinational pooling.

  The risks ceded under these agreements are generally quota shares of group
life and disability policies. The cessions vary from 50% to 100% of all the
risks of the policies.

                                    MLIC-44

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

5. Reinsurance (continued)


  The Company's RIS business has periodically engaged in reinsurance activities
on an opportunistic basis. There were no new transactions during the periods
presented.

MetLife Holdings

  For its life products, the Company has historically reinsured the mortality
risk primarily on an excess of retention basis or on a quota share basis. In
addition to reinsuring mortality risk as described above, the Company reinsures
other risks, as well as specific coverages. Placement of reinsurance is done
primarily on an automatic basis and also on a facultative basis for risks with
specified characteristics.

Catastrophe Coverage

  The Company has exposure to catastrophes which could contribute to
significant fluctuations in its results of operations. The Company purchases
catastrophe coverage to reinsure risks issued within territories that it
believes are subject to the greatest catastrophic risks. The Company uses
excess of retention and quota share reinsurance agreements to provide greater
diversification of risk and minimize exposure to larger risks. Excess of
retention reinsurance agreements provide for a portion of a risk to remain with
the direct writing company and quota share reinsurance agreements provide for
the direct writing company to transfer a fixed percentage of all risks of a
class of policies.

Reinsurance Recoverables

  The Company reinsures its business through a diversified group of
well-capitalized reinsurers. The Company analyzes recent trends in arbitration
and litigation outcomes in disputes, if any, with its reinsurers. The Company
monitors ratings and evaluates the financial strength of its reinsurers by
analyzing their financial statements. In addition, the reinsurance recoverable
balance due from each reinsurer is evaluated as part of the overall monitoring
process. Recoverability of reinsurance recoverable balances is evaluated based
on these analyses. The Company generally secures large reinsurance recoverable
balances with various forms of collateral, including secured trusts, funds
withheld accounts, and irrevocable letters of credit. These reinsurance
recoverable balances are stated net of allowances for uncollectible
reinsurance, which at December 31, 2019 and 2018 were not significant.

  The Company has secured certain reinsurance recoverable balances with various
forms of collateral, including secured trusts, funds withheld accounts and
irrevocable letters of credit. The Company had $1.8 billion and $1.9 billion of
unsecured unaffiliated reinsurance recoverable balances at December 31, 2019
and 2018, respectively.

  At December 31, 2019, the Company had $2.6 billion of net unaffiliated ceded
reinsurance recoverables. Of this total, $1.9 billion, or 73%, were with the
Company's five largest unaffiliated ceded reinsurers, including $1.3 billion of
net unaffiliated ceded reinsurance recoverables which were unsecured. At
December 31, 2018, the Company had $2.9 billion of net unaffiliated ceded
reinsurance recoverables. Of this total, $2.0 billion, or 69%, were with the
Company's five largest unaffiliated ceded reinsurers, including $1.3 billion of
net unaffiliated ceded reinsurance recoverables which were unsecured.

  The Company has reinsured with an unaffiliated third-party reinsurer, 59.25%
of the closed block through a modified coinsurance agreement. The Company
accounts for this agreement under the deposit method of accounting. The
Company, having the right of offset, has offset the modified coinsurance
deposit with the deposit recoverable.

                                    MLIC-45

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

5. Reinsurance (continued)


   The amounts on the consolidated statements of operations include the impact
of reinsurance. Information regarding the significant effects of reinsurance
was as follows:

                                                        Years Ended December 31,
                                              -------------------------------------------
                                                   2019           2018           2017
                                              -------------  -------------  -------------
                                                             (In millions)
Premiums
Direct premiums..............................  $     21,804   $     26,883   $     23,062
Reinsurance assumed..........................           811            752          1,116
Reinsurance ceded............................        (1,007)        (1,022)        (1,253)
                                              -------------  -------------  -------------
 Net premiums................................  $     21,608   $     26,613   $     22,925
                                              =============  =============  =============
Universal life and investment-type product
 policy fees
Direct universal life and investment-type
 product policy fees.........................  $      2,331   $      2,382   $      2,492
Reinsurance assumed..........................           (15)             9             12
Reinsurance ceded............................          (279)          (267)          (277)
                                              -------------  -------------  -------------
 Net universal life and investment-type
   product policy fees.......................  $      2,037   $      2,124   $      2,227
                                              =============  =============  =============
Other revenues
Direct other revenues........................  $      1,007   $      1,017   $        930
Reinsurance assumed..........................            (5)           (11)            35
Reinsurance ceded............................           571            580            605
                                              -------------  -------------  -------------
 Net other revenues..........................  $      1,573   $      1,586   $      1,570
                                              =============  =============  =============
Policyholder benefits and claims
Direct policyholder benefits and claims......  $     24,469   $     29,589   $     26,199
Reinsurance assumed..........................           728            691            875
Reinsurance ceded............................        (1,146)        (1,183)        (1,282)
                                              -------------  -------------  -------------
 Net policyholder benefits and claims........  $     24,051   $     29,097   $     25,792
                                              =============  =============  =============
Interest credited to policyholder account
 balances
Direct interest credited to policyholder
 account balances............................  $      2,592   $      2,446   $      2,199
Reinsurance assumed..........................            44             46             49
Reinsurance ceded............................           (12)           (13)           (13)
                                              -------------  -------------  -------------
 Net interest credited to policyholder
   account balances..........................  $      2,624   $      2,479   $      2,235
                                              =============  =============  =============
Other expenses
Direct other expenses........................  $      4,464   $      4,650   $      4,489
Reinsurance assumed..........................            50             71            138
Reinsurance ceded............................           462            470            508
                                              -------------  -------------  -------------
 Net other expenses..........................  $      4,976   $      5,191   $      5,135
                                              =============  =============  =============

                                    MLIC-46

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

5. Reinsurance (continued)


   The amounts on the consolidated balance sheets include the impact of
reinsurance. Information regarding the significant effects of reinsurance was
as follows at:

                                                                            December 31,
                                             ---------------------------------------------------------------------------
                                                             2019                                  2018
                                             ------------------------------------- -------------------------------------
                                                                           Total                                 Total
                                                                          Balance                               Balance
                                              Direct   Assumed   Ceded     Sheet    Direct   Assumed   Ceded     Sheet
                                             --------- ------- --------  --------- --------- ------- --------  ---------
                                                                            (In millions)
Assets
Premiums, reinsurance and other
 receivables................................  $  2,767  $  700  $18,968   $ 22,435  $  2,094  $  518  $19,217   $ 21,829
Deferred policy acquisition costs and value
 of business acquired.......................     3,657      14     (218)     3,453     4,343      15     (241)     4,117
                                             --------- ------- --------  --------- --------- ------- --------  ---------
  Total assets..............................  $  6,424  $  714  $18,750   $ 25,888  $  6,437  $  533  $18,976   $ 25,946
                                             ========= ======= ========  ========= ========= ======= ========  =========
Liabilities
Future policy benefits......................  $127,058  $1,252  $    (6)  $128,304  $124,787  $1,313  $    (1)  $126,099
Policyholder account balances...............    91,550     158       --     91,708    90,489     167       --     90,656
Other policy-related balances...............     7,466     257        9      7,732     7,021     231       12      7,264
Other liabilities...........................     7,211   2,318   16,553     26,082     6,084   2,242   16,294     24,620
                                             --------- ------- --------  --------- --------- ------- --------  ---------
  Total liabilities.........................  $233,285  $3,985  $16,556   $253,826  $228,381  $3,953  $16,305   $248,639
                                             ========= ======= ========  ========= ========= ======= ========  =========

  Reinsurance agreements that do not expose the Company to a reasonable
possibility of a significant loss from insurance risk are recorded using the
deposit method of accounting. The deposit assets on reinsurance were
$13.7 billion and $14.1 billion at December 31, 2019 and 2018, respectively.
The deposit liabilities on reinsurance were $1.7 billion and $1.8 billion at
December 31, 2019 and 2018, respectively.

Related Party Reinsurance Transactions

  The Company has reinsurance agreements with certain of MetLife, Inc.'s
subsidiaries, including MetLife Reinsurance Company of Charleston ("MRC"),
MetLife Reinsurance Company of Vermont, and Metropolitan Tower Life Insurance
Company, all of which are related parties. Additionally, the Company has
reinsurance agreements with Brighthouse Financial, Inc. and its subsidiaries
("Brighthouse"), a former subsidiary of MetLife, Inc. In August 2017, MetLife,
Inc. completed the separation of Brighthouse and retained 19.2% of Brighthouse
Financial, Inc. common stock outstanding. In June 2018, MetLife, Inc. sold its
Brighthouse Financial, Inc. common stock and Brighthouse was no longer
considered a related party.


                                    MLIC-47

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

5. Reinsurance (continued)

   Information regarding the significant effects of affiliated reinsurance
included on the consolidated statements of operations was as follows:

                                                Years Ended December 31,
                                         -------------------------------------
                                             2019         2018         2017
                                         -----------  -----------  -----------
                                                     (In millions)
Premiums
Reinsurance assumed.....................  $        9   $        9   $      122
Reinsurance ceded.......................        (115)        (117)        (132)
                                         -----------  -----------  -----------
 Net premiums...........................  $     (106)  $     (108)  $      (10)
                                         ===========  ===========  ===========
Universal life and investment-type
 product policy fees
Reinsurance assumed.....................  $        1   $       (1)  $       12
Reinsurance ceded.......................         (17)         (18)         (19)
                                         -----------  -----------  -----------
 Net universal life and investment-type
   product policy fees..................  $      (16)  $      (19)  $       (7)
                                         ===========  ===========  ===========
Other revenues
Reinsurance assumed.....................  $      (19)  $       --   $       37
Reinsurance ceded.......................         533          541          563
                                         -----------  -----------  -----------
 Net other revenues.....................  $      514   $      541   $      600
                                         ===========  ===========  ===========
Policyholder benefits and claims
Reinsurance assumed.....................  $        4   $       11   $       69
Reinsurance ceded.......................        (153)        (120)        (122)
                                         -----------  -----------  -----------
 Net policyholder benefits and claims...  $     (149)  $     (109)  $      (53)
                                         ===========  ===========  ===========
Interest credited to policyholder
 account balances
Reinsurance assumed.....................  $       30   $       38   $       47
Reinsurance ceded.......................         (12)         (13)         (13)
                                         -----------  -----------  -----------
 Net interest credited to policyholder
   account balances.....................  $       18   $       25   $       34
                                         ===========  ===========  ===========
Other expenses
Reinsurance assumed.....................  $       --   $       10   $       40
Reinsurance ceded.......................         533          543          600
                                         -----------  -----------  -----------
 Net other expenses.....................  $      533   $      553   $      640
                                         ===========  ===========  ===========

  Information regarding the significant effects of affiliated reinsurance
included on the consolidated balance sheets was as follows at:

                                                                            December 31,
                                                         --------------------------------------------------
                                                                   2019                      2018
                                                         ------------------------  ------------------------
                                                           Assumed       Ceded       Assumed       Ceded
                                                         ----------- ------------  ----------- ------------
                                                                            (In millions)
Assets
Premiums, reinsurance and other receivables.............  $       --  $    12,584   $       --  $    12,676
Deferred policy acquisition costs and value of business
 acquired...............................................          --         (160)          --         (175)
                                                         ----------- ------------  ----------- ------------
  Total assets..........................................  $       --  $    12,424   $       --  $    12,501
                                                         =========== ============  =========== ============
Liabilities
Future policy benefits..................................  $       55  $        (6)  $       61  $        (1)
Policyholder account balances...........................         131           --          141           --
Other policy-related balances...........................           1            9            6           12
Other liabilities.......................................         824       12,695          841       12,366
                                                         ----------- ------------  ----------- ------------
  Total liabilities.....................................  $    1,011  $    12,698   $    1,049  $    12,377
                                                         =========== ============  =========== ============

                                    MLIC-48

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

5. Reinsurance (continued)


  The Company ceded two blocks of business to an affiliate on a 75% coinsurance
with funds withheld basis. Certain contractual features of these agreements
qualify as embedded derivatives, which are separately accounted for at
estimated fair value on the Company's consolidated balance sheets. The embedded
derivatives related to the funds withheld associated with these reinsurance
agreements are included within other liabilities and were $21 million and
$4 million at December 31, 2019 and 2018, respectively. Net derivative gains
(losses) associated with these embedded derivatives were ($17) million,
$12 million and ($6) million for the years ended December 31, 2019, 2018 and
2017, respectively.

  The Company ceded risks to a former affiliate related to guaranteed minimum
benefit guarantees written directly by the Company. These ceded reinsurance
agreements contain embedded derivatives and changes in their estimated fair
value are included within net derivative gains (losses). Related party net
derivative gains (losses) associated with the embedded derivatives were $0, $0
and ($110) million for the years ended December 31, 2019, 2018 and 2017,
respectively.

  Certain contractual features of the closed block agreement with MRC create an
embedded derivative, which is separately accounted for at estimated fair value
on the Company's consolidated balance sheets. The embedded derivative related
to the funds withheld associated with this reinsurance agreement is included
within other liabilities and was $996 million and $461 million at December 31,
2019 and 2018, respectively. Net derivative gains (losses) associated with the
embedded derivative were ($535) million, $421 million and ($115) million for
the years ended December 31, 2019, 2018 and 2017, respectively.

  The Company assumed risks from former affiliates related to guaranteed
minimum benefit guarantees written directly by the affiliates. These assumed
reinsurance agreements contain embedded derivatives and changes in their
estimated fair value are also included within net derivative gains (losses).
Related party net derivative gains (losses) associated with the embedded
derivatives were $0, $1 million and $263 million for the years ended
December 31, 2019, 2018 and 2017, respectively.

  In January 2017, Brighthouse recaptured risks related to certain variable
annuities, including guaranteed minimum benefits, reinsured by the Company. The
Company recognized a gain of $178 million, net of income tax, for the year
ended December 31, 2017 as a result of these transactions.

  In January 2017, the Company recaptured risks related to guaranteed minimum
benefit guarantees on certain variable annuities reinsured by Brighthouse. The
Company recognized a loss of $89 million, net of income tax, for the year ended
December 31, 2017, as a result of this transaction.

  The Company has secured certain reinsurance recoverable balances with various
forms of collateral, including secured trusts, funds withheld accounts and
irrevocable letters of credit. The Company had $528 million and $451 million of
unsecured affiliated reinsurance recoverable balances at December 31, 2019 and
2018, respectively.

  Affiliated reinsurance agreements that do not expose the Company to a
reasonable possibility of a significant loss from insurance risk are recorded
using the deposit method of accounting. The deposit assets on affiliated
reinsurance were $11.2 billion and $11.4 billion at December 31, 2019 and 2018,
respectively. The deposit liabilities on affiliated reinsurance were
$821 million and $837 million at December 31, 2019 and 2018, respectively.


                                    MLIC-49

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

6. Closed Block

  On April 7, 2000 (the "Demutualization Date"), Metropolitan Life Insurance
Company converted from a mutual life insurance company to a stock life
insurance company and became a wholly-owned subsidiary of MetLife, Inc. The
conversion was pursuant to an order by the New York Superintendent of Insurance
approving Metropolitan Life Insurance Company's plan of reorganization, as
amended (the "Plan of Reorganization"). On the Demutualization Date,
Metropolitan Life Insurance Company established a closed block for the benefit
of holders of certain individual life insurance policies of Metropolitan Life
Insurance Company. Assets have been allocated to the closed block in an amount
that has been determined to produce cash flows which, together with anticipated
revenues from the policies included in the closed block, are reasonably
expected to be sufficient to support obligations and liabilities relating to
these policies, including, but not limited to, provisions for the payment of
claims and certain expenses and taxes, and to provide for the continuation of
policyholder dividend scales in effect for 1999, if the experience underlying
such dividend scales continues, and for appropriate adjustments in such scales
if the experience changes. At least annually, the Company compares actual and
projected experience against the experience assumed in the then-current
dividend scales. Dividend scales are adjusted periodically to give effect to
changes in experience.

  The closed block assets, the cash flows generated by the closed block assets
and the anticipated revenues from the policies in the closed block will benefit
only the holders of the policies in the closed block. To the extent that, over
time, cash flows from the assets allocated to the closed block and claims and
other experience related to the closed block are, in the aggregate, more or
less favorable than what was assumed when the closed block was established,
total dividends paid to closed block policyholders in the future may be greater
than or less than the total dividends that would have been paid to these
policyholders if the policyholder dividend scales in effect for 1999 had been
continued. Any cash flows in excess of amounts assumed will be available for
distribution over time to closed block policyholders and will not be available
to stockholders. If the closed block has insufficient funds to make guaranteed
policy benefit payments, such payments will be made from assets outside of the
closed block. The closed block will continue in effect as long as any policy in
the closed block remains in-force. The expected life of the closed block is
over 100 years from the Demutualization Date.

  The Company uses the same accounting principles to account for the
participating policies included in the closed block as it used prior to the
Demutualization Date. However, the Company establishes a policyholder dividend
obligation for earnings that will be paid to policyholders as additional
dividends as described below. The excess of closed block liabilities over
closed block assets at the Demutualization Date (adjusted to eliminate the
impact of related amounts in AOCI) represents the estimated maximum future
earnings from the closed block expected to result from operations, attributed
net of income tax, to the closed block. Earnings of the closed block are
recognized in income over the period the policies and contracts in the closed
block remain in-force. Management believes that over time the actual cumulative
earnings of the closed block will approximately equal the expected cumulative
earnings due to the effect of dividend changes. If, over the period the closed
block remains in existence, the actual cumulative earnings of the closed block
are greater than the expected cumulative earnings of the closed block, the
Company will pay the excess to closed block policyholders as additional
policyholder dividends unless offset by future unfavorable experience of the
closed block and, accordingly, will recognize only the expected cumulative
earnings in income with the excess recorded as a policyholder dividend
obligation. If over such period, the actual cumulative earnings of the closed
block are less than the expected cumulative earnings of the closed block, the
Company will recognize only the actual earnings in income. However, the Company
may change policyholder dividend scales in the future, which would be intended
to increase future actual earnings until the actual cumulative earnings equal
the expected cumulative earnings.

  Experience within the closed block, in particular mortality and investment
yields, as well as realized and unrealized gains and losses, directly impact
the policyholder dividend obligation. Amortization of the closed block DAC,
which resides outside of the closed block, is based upon cumulative actual and
expected earnings within the closed block. Accordingly, the Company's net
income continues to be sensitive to the actual performance of the closed block.

  Closed block assets, liabilities, revenues and expenses are combined on a
line-by-line basis with the assets, liabilities, revenues and expenses outside
the closed block based on the nature of the particular item.


                                    MLIC-50

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

6. Closed Block (continued)

   Information regarding the closed block liabilities and assets designated to
the closed block was as follows at:

                                                            December 31,
                                                   ------------------------------
                                                        2019            2018
                                                   --------------  --------------
                                                            (In millions)
Closed Block Liabilities
Future policy benefits............................  $      39,379   $      40,032
Other policy-related balances.....................            423             317
Policyholder dividends payable....................            432             431
Policyholder dividend obligation..................          2,020             428
Deferred income tax liability.....................             79              28
Other liabilities.................................             81             328
                                                   --------------  --------------
 Total closed block liabilities...................         42,414          41,564
                                                   --------------  --------------
Assets Designated to the Closed Block
Investments:
Fixed maturity securities available-for-sale, at
 estimated fair value.............................         25,977          25,354
Mortgage loans....................................          7,052           6,778
Policy loans......................................          4,489           4,527
Real estate and real estate joint ventures........            544             544
Other invested assets.............................            416             747
                                                   --------------  --------------
 Total investments................................         38,478          37,950
Cash and cash equivalents.........................            448              --
Accrued investment income.........................            419             443
Premiums, reinsurance and other receivables.......             75              83
Current income tax recoverable....................             91              69
                                                   --------------  --------------
 Total assets designated to the closed block......         39,511          38,545
                                                   --------------  --------------
 Excess of closed block liabilities over assets
   designated to the closed block.................          2,903           3,019
                                                   --------------  --------------
Amounts included in AOCI:
Unrealized investment gains (losses), net of
 income tax.......................................          2,453           1,089
Unrealized gains (losses) on derivatives, net of
 income tax.......................................             97              86
Allocated to policyholder dividend obligation,
 net of income tax................................         (1,596)           (338)
                                                   --------------  --------------
 Total amounts included in AOCI...................            954             837
                                                   --------------  --------------
 Maximum future earnings to be recognized from
   closed block assets and liabilities............  $       3,857   $       3,856
                                                   ==============  ==============

  Information regarding the closed block policyholder dividend obligation was
as follows:

                                                      Years Ended December 31,
                                              -----------------------------------------
                                                  2019          2018          2017
                                              ------------- ------------  -------------
                                                            (In millions)
Balance at January 1,........................  $        428  $     2,121   $      1,931
Change in unrealized investment and
 derivative gains (losses)...................         1,592       (1,693)           190
                                              ------------- ------------  -------------
Balance at December 31,......................  $      2,020  $       428   $      2,121
                                              ============= ============  =============


                                    MLIC-51

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

6. Closed Block (continued)

  Information regarding the closed block revenues and expenses was as follows:

                                                      Years Ended December 31,
                                              ----------------------------------------
                                                  2019          2018          2017
                                              ------------  ------------  ------------
                                                            (In millions)
Revenues
Premiums..................................... $      1,580  $      1,672  $      1,736
Net investment income........................        1,740         1,758         1,818
Net investment gains (losses)................           (7)          (71)            1
Net derivative gains (losses)................           12            22           (32)
                                              ------------  ------------  ------------
 Total revenues..............................        3,325         3,381         3,523
                                              ------------  ------------  ------------
Expenses
Policyholder benefits and claims.............        2,291         2,475         2,453
Policyholder dividends.......................          924           968           976
Other expenses...............................          111           117           125
                                              ------------  ------------  ------------
 Total expenses..............................        3,326         3,560         3,554
                                              ------------  ------------  ------------
 Revenues, net of expenses before provision
   for income tax expense (benefit)..........           (1)         (179)          (31)
Provision for income tax expense (benefit)...           (2)          (39)           12
                                              ------------  ------------  ------------
 Revenues, net of expenses and provision for
   income tax expense (benefit).............. $          1  $       (140) $        (43)
                                              ============  ============  ============

  Metropolitan Life Insurance Company charges the closed block with federal
income taxes, state and local premium taxes and other state or local taxes, as
well as investment management expenses relating to the closed block as provided
in the Plan of Reorganization. Metropolitan Life Insurance Company also charges
the closed block for expenses of maintaining the policies included in the
closed block.

7. Investments

  See Note 9 for information about the fair value hierarchy for investments and
the related valuation methodologies.

Investment Risks and Uncertainties

  Investments are exposed to the following primary sources of risk: credit,
interest rate, liquidity, market valuation, currency and real estate risk. The
financial statement risks, stemming from such investment risks, are those
associated with the determination of estimated fair values, the diminished
ability to sell certain investments in times of strained market conditions, the
recognition of impairments, the recognition of income on certain investments
and the potential consolidation of VIEs. The use of different methodologies,
assumptions and inputs relating to these financial statement risks may have a
material effect on the amounts presented within the consolidated financial
statements.

  The determination of valuation allowances and impairments is highly
subjective and is based upon periodic evaluations and assessments of known and
inherent risks associated with the respective asset class. Such evaluations and
assessments are revised as conditions change and new information becomes
available.

  The recognition of income on certain investments (e.g. structured securities,
including mortgage-backed securities, asset-backed securities ("ABS"), certain
structured investment transactions and FVO Securities) is dependent upon
certain factors such as prepayments and defaults, and changes in such factors
could result in changes in amounts to be earned.

                                    MLIC-52

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


Fixed Maturity Securities AFS

  Fixed Maturity Securities AFS by Sector

    The following table presents the fixed maturity securities AFS by sector.
  U.S. corporate and foreign corporate sectors include redeemable preferred
  stock. RMBS includes agency, prime, alternative and sub-prime mortgage-backed
  securities. ABS includes securities collateralized by corporate loans and
  consumer loans. Municipals includes taxable and tax-exempt revenue bonds and,
  to a much lesser extent, general obligations of states, municipalities and
  political subdivisions. Commercial mortgage-backed securities ("CMBS")
  primarily includes securities collateralized by multiple commercial mortgage
  loans. RMBS, ABS and CMBS are collectively, "Structured Products."

                                      December 31, 2019                                 December 31, 2018
                      ------------------------------------------------- -------------------------------------------------
                                      Gross Unrealized                                  Gross Unrealized
                                ----------------------------  Estimated           ----------------------------  Estimated
                      Amortized          Temporary    OTTI      Fair    Amortized          Temporary    OTTI      Fair
                        Cost     Gains    Losses   Losses (1)   Value     Cost     Gains    Losses   Losses (1)   Value
                      --------- -------- --------- ---------- --------- --------- -------- --------- ---------- ---------
                                                                 (In millions)
U.S. corporate....... $  52,446 $  6,236  $   223   $     --  $  58,459 $  53,927 $  2,440 $   1,565  $     --  $  54,802
Foreign corporate....    28,421    2,397      517         --     30,301    26,592      674     1,303        --     25,963
U.S. government and
 agency..............    25,568    3,706       26         --     29,248    28,139    2,388       366        --     30,161
RMBS.................    21,476    1,324       59        (32)    22,773    22,186      831       305       (25)    22,737
ABS..................    10,215       47       61         --     10,201     8,599       40       112        --      8,527
Municipals...........     6,419    1,450       13         --      7,856     6,070      907        30        --      6,947
CMBS.................     5,523      214       17         --      5,720     5,471       48        75        --      5,444
Foreign government...     4,329      724       47         --      5,006     4,191      408       107        --      4,492
                      --------- --------  -------   --------  --------- --------- -------- ---------  --------  ---------
 Total fixed
   maturity
   securities AFS.... $ 154,397 $ 16,098  $   963   $   (32)  $ 169,564 $ 155,175 $  7,736 $   3,863  $   (25)  $ 159,073
                      ========= ========  =======   ========  ========= ========= ======== =========  ========  =========
-------------

(1) Noncredit OTTI losses included in AOCI in an unrealized gain position are
    due to increases in estimated fair value subsequent to initial recognition
    of noncredit losses on such securities. See also "--Net Unrealized
    Investment Gains (Losses)."

  Methodology for Amortization of Premium and Accretion of Discount on
Structured Products

    Amortization of premium and accretion of discount on Structured Products
  considers the estimated timing and amount of prepayments of the underlying
  loans. Actual prepayment experience is periodically reviewed and effective
  yields are recalculated when differences arise between the originally
  anticipated and the actual prepayments received and currently anticipated.
  Prepayment assumptions for Structured Products are estimated using inputs
  obtained from third-party specialists and based on management's knowledge of
  the current market. For credit-sensitive and certain prepayment-sensitive
  Structured Products, the effective yield is recalculated on a prospective
  basis. For all other Structured Products, the effective yield is recalculated
  on a retrospective basis.

  Maturities of Fixed Maturity Securities AFS

    The amortized cost and estimated fair value of fixed maturity securities
  AFS, by contractual maturity date, were as follows at December 31, 2019:

                                                     Due After Five
                                       Due After One     Years                                 Total Fixed
                           Due in One  Year Through   Through Ten   Due After Ten Structured     Maturity
                          Year or Less  Five Years       Years          Years      Products   Securities AFS
                          ------------ ------------- -------------- ------------- ----------- --------------
                                                            (In millions)
Amortized cost........... $    11,075  $     22,190   $     26,917  $     57,001  $    37,214 $     154,397
Estimated fair value..... $    11,064  $     22,737   $     29,214  $     67,855  $    38,694 $     169,564

    Actual maturities may differ from contractual maturities due to the
  exercise of call or prepayment options. Fixed maturity securities AFS not due
  at a single maturity date have been presented in the year of final
  contractual maturity. Structured Products are shown separately, as they are
  not due at a single maturity.

                                    MLIC-53

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


  Continuous Gross Unrealized Losses for Fixed Maturity Securities AFS by Sector

    The following table presents the estimated fair value and gross unrealized
  losses of fixed maturity securities AFS in an unrealized loss position by
  sector and aggregated by length of time that the securities have been in a
  continuous unrealized loss position at:

                                 December 31, 2019                           December 31, 2018
                     ------------------------------------------ -------------------------------------------
                                           Equal to or Greater                         Equal to or Greater
                      Less than 12 Months     than 12 Months     Less than 12 Months     than 12 Months
                     --------------------- -------------------- --------------------- ---------------------
                     Estimated    Gross    Estimated   Gross    Estimated    Gross    Estimated    Gross
                       Fair     Unrealized   Fair    Unrealized   Fair     Unrealized   Fair     Unrealized
                       Value      Losses     Value     Losses     Value      Losses     Value      Losses
                     ---------- ---------- --------- ---------- ---------- ---------- ---------- ----------
                                                     (Dollars in millions)
U.S. corporate...... $    2,036  $    77   $   1,304  $   146   $   23,398 $   1,176  $    3,043 $     389
Foreign corporate...      1,368       93       3,499      424       12,911       893       2,138       410
U.S. government and
 agency.............      1,552       26          29       --        4,322        29       7,948       337
RMBS................      1,479       15         524       12        5,611       107       4,482       173
ABS.................      2,428       13       3,778       48        5,958       105         223         7
Municipals..........        508       13           1       --          675        22          94         8
CMBS................        857        5         212       12        2,455        45         344        30
Foreign government..        149        6         215       41        1,364        83         191        24
                     ----------  -------   ---------  -------   ---------- ---------  ---------- ---------
 Total fixed
   maturity
   securities AFS... $   10,377  $   248   $   9,562  $   683   $   56,694 $   2,460  $   18,463 $   1,378
                     ==========  =======   =========  =======   ========== =========  ========== =========
Total number of
 securities in an
 unrealized loss
 position...........      1,059                  802                 5,263                 1,125
                     ==========            =========            ==========            ==========

  Evaluation of Fixed Maturity Securities AFS for OTTI and Evaluating
  Temporarily Impaired Fixed Maturity Securities AFS

   Evaluation and Measurement Methodologies

     Management considers a wide range of factors about the security issuer and
   uses its best judgment in evaluating the cause of the decline in the
   estimated fair value of the security and in assessing the prospects for
   near-term recovery. Inherent in management's evaluation of the security are
   assumptions and estimates about the operations of the issuer and its future
   earnings potential. Considerations used in the impairment evaluation process
   include, but are not limited to: (i) the length of time and the extent to
   which the estimated fair value has been below amortized cost; (ii) the
   potential for impairments when the issuer is experiencing significant
   financial difficulties; (iii) the potential for impairments in an entire
   industry sector or sub-sector; (iv) the potential for impairments in certain
   economically depressed geographic locations; (v) the potential for
   impairments where the issuer, series of issuers or industry has suffered a
   catastrophic loss or has exhausted natural resources; (vi) whether the
   Company has the intent to sell or will more likely than not be required to
   sell a particular security before the decline in estimated fair value below
   amortized cost recovers; (vii) with respect to Structured Products, changes
   in forecasted cash flows after considering the quality of underlying
   collateral, expected prepayment speeds, current and forecasted loss
   severity, consideration of the payment terms of the underlying assets
   backing a particular security, and the payment priority within the tranche
   structure of the security; (viii) the potential for impairments due to
   weakening of foreign currencies on non-functional currency denominated
   securities that are near maturity; and (ix) other subjective factors,
   including concentrations and information obtained from regulators and rating
   agencies.

     The methodology and significant inputs used to determine the amount of
   credit loss are as follows:

  .   The Company calculates the recovery value by performing a discounted cash
      flow analysis based on the present value of future cash flows. The
      discount rate is generally the effective interest rate of the security
      prior to impairment.

  .   When determining collectability and the period over which value is
      expected to recover, the Company applies considerations utilized in its
      overall impairment evaluation process which incorporates information
      regarding the specific security, fundamentals of the industry and
      geographic area in which the security issuer operates, and overall

                                    MLIC-54

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)

      macroeconomic conditions. Projected future cash flows are estimated using
      assumptions derived from management's best estimates of likely
      scenario-based outcomes after giving consideration to a variety of
      variables that include, but are not limited to: payment terms of the
      security; the likelihood that the issuer can service the interest and
      principal payments; the quality and amount of any credit enhancements;
      the security's position within the capital structure of the issuer;
      possible corporate restructurings or asset sales by the issuer; and
      changes to the rating of the security or the issuer by rating agencies.

  .   Additional considerations are made when assessing the unique features
      that apply to certain Structured Products including, but not limited to:
      the quality of underlying collateral, expected prepayment speeds, current
      and forecasted loss severity, consideration of the payment terms of the
      underlying loans or assets backing a particular security, and the payment
      priority within the tranche structure of the security.

  .   When determining the amount of the credit loss for the following types of
      securities: U.S. and foreign corporate, foreign government and
      municipals, the estimated fair value is considered the recovery value
      when available information does not indicate that another value is more
      appropriate. When information is identified that indicates a recovery
      value other than estimated fair value, management considers in the
      determination of recovery value the same considerations utilized in its
      overall impairment evaluation process as described above, as well as any
      private and public sector programs to restructure such securities.

     With respect to securities that have attributes of debt and
   equity ("perpetual hybrid securities"), consideration is given in the OTTI
   analysis as to whether there has been any deterioration in the credit of the
   issuer and the likelihood of recovery in value of the securities that are in
   a severe and extended unrealized loss position. Consideration is also given
   as to whether any perpetual hybrid securities with an unrealized loss,
   regardless of credit rating, have deferred any dividend payments. When an
   OTTI loss has occurred, the OTTI loss is the entire difference between the
   perpetual hybrid security's cost and its estimated fair value with a
   corresponding charge to earnings.

     The amortized cost of securities is adjusted for OTTI in the period in
   which the determination is made. The Company does not change the revised
   cost basis for subsequent recoveries in value.

     In periods subsequent to the recognition of OTTI on a security, the
   Company accounts for the impaired security as if it had been purchased on
   the measurement date of the impairment. Accordingly, the discount (or
   reduced premium) based on the new cost basis is accreted over the remaining
   term of the security in a prospective manner based on the amount and timing
   of estimated future cash flows.

   Current Period Evaluation

     Based on the Company's current evaluation of its securities in an
   unrealized loss position in accordance with its impairment policy, and the
   Company's current intentions and assessments (as applicable to the type of
   security) about holding, selling and any requirements to sell these
   securities, the Company concluded that these securities were not
   other-than-temporarily impaired at December 31, 2019. Future OTTI will
   depend primarily on economic fundamentals, issuer performance (including
   changes in the present value of future cash flows expected to be collected),
   and changes in credit ratings, collateral valuation, and foreign currency
   exchange rates. If economic fundamentals deteriorate or if there are adverse
   changes in the above factors, OTTI may be incurred in upcoming periods.

     Gross unrealized losses on fixed maturity securities AFS decreased
   $2.9 billion for the year ended December 31, 2019 to $931 million. The
   decrease in gross unrealized losses for the year ended December 31, 2019,
   was primarily attributable to decreases in interest rates, narrowing credit
   spreads and to a lesser extent, foreign currency exchange rate movements.

     At December 31, 2019, $141 million of the total $931 million of gross
   unrealized losses were from 42 fixed maturity securities AFS with an
   unrealized loss position of 20% or more of amortized cost for six months or
   greater.

   Investment Grade Fixed Maturity Securities AFS

     Of the $141 million of gross unrealized losses on fixed maturity
   securities AFS with an unrealized loss of 20% or more of amortized cost for
   six months or greater, $90 million, or 64%, were related to gross unrealized
   losses on 18 investment grade fixed maturity securities AFS. Unrealized
   losses on investment grade fixed maturity securities AFS are principally
   related to widening credit spreads since purchase and, with respect to
   fixed-rate fixed maturity securities AFS, rising interest rates since
   purchase.

                                    MLIC-55

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


   Below Investment Grade Fixed Maturity Securities AFS

     Of the $141 million of gross unrealized losses on fixed maturity
   securities AFS with an unrealized loss of 20% or more of amortized cost for
   six months or greater, $51 million, or 36%, were related to gross unrealized
   losses on 24 below investment grade fixed maturity securities AFS.
   Unrealized losses on below investment grade fixed maturity securities AFS
   are principally related to U.S. and foreign corporate securities (primarily
   industrial) and CMBS and are the result of significantly wider credit
   spreads resulting from higher risk premiums since purchase, largely due to
   economic and market uncertainty. Management evaluates U.S. and foreign
   corporate securities based on factors such as expected cash flows and the
   financial condition and near-term and long-term prospects of the issuers and
   evaluates CMBS based on actual and projected cash flows after considering
   the quality of underlying collateral, expected prepayment speeds, current
   and forecasted loss severity, the payment terms of the underlying assets
   backing a particular security and the payment priority within the tranche
   structure of the security.

Mortgage Loans

  Mortgage Loans by Portfolio Segment

    Mortgage loans are summarized as follows at:

                                                         December 31,
                                         ---------------------------------------------
                                                  2019                   2018
                                         ---------------------- ----------------------
                                          Carrying     % of      Carrying     % of
                                           Value       Total      Value       Total
                                         ----------- ---------- ----------- ----------
                                                     (Dollars in millions)
Mortgage loans:
Commercial.............................. $    37,311      56.9% $    38,123      59.9%
Agricultural............................      15,705       23.9      14,164       22.2
Residential.............................      12,575       19.2      11,392       17.9
                                         ----------- ---------- ----------- ----------
 Total recorded investment..............      65,591      100.0      63,679      100.0
Valuation allowances....................       (289)      (0.4)       (291)      (0.5)
                                         ----------- ---------- ----------- ----------
 Subtotal mortgage loans, net...........      65,302       99.6      63,388       99.5
Residential -- FVO (1)..................         188        0.3         299        0.5
                                         ----------- ---------- ----------- ----------
 Total mortgage loans
   held-for-investment, net.............      65,490      99.9%      63,687     100.0%
                                         ----------- ---------- ----------- ----------
Mortgage loans held-for-sale............          59        0.1          --         --
                                         ----------- ---------- ----------- ----------
 Total mortgage loans, net.............. $    65,549     100.0% $    63,687     100.0%
                                         =========== ========== =========== ==========
-------------

(1) Information on residential mortgage loans -- FVO is presented in Note 9.
    The Company elects the FVO for certain residential mortgage loans that are
    managed on a total return basis.

    The amount of net discounts, included within total recorded investment,
  primarily residential, was $852 million and $907 million at December 31, 2019
  and 2018, respectively.

    Purchases of mortgage loans, primarily residential, were $4.0 billion,
  $3.4 billion and $3.1 billion for the years ended December 31, 2019, 2018 and
  2017, respectively.

    The Company originates and acquires unaffiliated mortgage loans and
  simultaneously sells a portion to affiliates under master participation
  agreements. The aggregate amount of mortgage loan participation interests in
  unaffiliated mortgage loans sold by the Company to affiliates for the years
  ended December 31, 2019, 2018 and 2017 was $100 million, $1.5 billion and
  $2.5 billion, respectively. In connection with the mortgage loan
  participations, the Company collected mortgage loan principal and interest
  payments from unaffiliated borrowers on behalf of affiliates and remitted
  such receipts to the affiliates in the amount of $951 million, $1.5 billion
  and $1.8 billion for the years ended December 31, 2019, 2018 and 2017,
  respectively.

                                    MLIC-56

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


    The Company purchases unaffiliated mortgage loan participation interests
  under a master participation agreement from an affiliate, simultaneously with
  the affiliate's origination or acquisition of mortgage loans. The aggregate
  amount of unaffiliated mortgage loan participation interests purchased by the
  Company from such affiliate for the years ended December 31, 2019 and 2018
  was $4.1 billion and $3.7 billion, respectively. The Company did not purchase
  any unaffiliated mortgage loan participation interests for the year ended
  December 31, 2017. In connection with the mortgage loan participations, the
  affiliate collected mortgage loan principal and interest payments on the
  Company's behalf and the affiliate remitted such payments to the Company in
  the amount of $403 million and $119 million for the year ended December 31,
  2019 and 2018, respectively.

  Mortgage Loans, Valuation Allowance and Impaired Loans by Portfolio Segment

    Mortgage loans held-for-investment by portfolio segment, by method of
  evaluation of credit loss, impaired mortgage loans including those modified
  in a troubled debt restructuring, and the related valuation allowances, were
  as follows at and for the years ended:

                                                                             Evaluated Collectively for       Impaired
                           Evaluated Individually for Credit Losses               Credit Losses                Loans
                   --------------------------------------------------------  -------------------------- --------------------
                        Impaired Loans with a       Impaired Loans without a
                         Valuation Allowance          Valuation Allowance
                   -------------------------------- -----------------------
                    Unpaid                            Unpaid                                                       Average
                   Principal   Recorded  Valuation   Principal    Recorded     Recorded     Valuation   Carrying   Recorded
                    Balance   Investment Allowances   Balance    Investment   Investment    Allowances   Value    Investment
                   ---------- ---------- ---------- -----------  -----------  ------------  ----------  --------- ----------
                                                               (In millions)
December 31, 2019
Commercial........  $      --  $      --  $     --   $       --   $       --  $    37,311    $    186    $     --  $     --
Agricultural......         56         56         3          196          196       15,453          46         249       200
Residential.......         --         --        --          473          427       12,148          54         427       406
                   ---------- ---------- ---------  -----------  -----------  ------------  ---------   --------- ---------
  Total...........  $      56  $      56  $      3   $      669   $      623  $    64,912    $    286    $    676  $    606
                   ========== ========== =========  ===========  ===========  ============  =========   ========= =========
December 31, 2018
Commercial........  $      --  $      --  $     --   $       --   $       --  $    38,123    $    190    $     --  $     --
Agricultural......         31         31         3          169          169       13,964          41         197       123
Residential.......         --         --        --          431          386       11,006          57         386       358
                   ---------- ---------- ---------  -----------  -----------  ------------  ---------   --------- ---------
  Total...........  $      31  $      31  $      3   $      600   $      555  $    63,093    $    288    $    583  $    481
                   ========== ========== =========  ===========  ===========  ============  =========   ========= =========

    The average recorded investment for impaired commercial, agricultural and
  residential mortgage loans was $5 million, $32 million and $285 million,
  respectively, for the year ended December 31, 2017.

  Valuation Allowance Rollforward by Portfolio Segment

    The changes in the valuation allowance, by portfolio segment, were as
  follows:

                                      Commercial   Agricultural   Residential      Total
                                    -------------- ------------- ------------- --------------
                                                          (In millions)
Balance at January 1, 2017.........  $         167  $         38  $         62  $         267
Provision (release)................              6             4             8             18
Charge-offs, net of recoveries.....             --           (2)          (12)           (14)
                                    -------------- ------------- ------------- --------------
Balance at December 31, 2017.......            173            40            58            271
Provision (release)................             17             4             7             28
Charge-offs, net of recoveries.....             --            --           (8)            (8)
                                    -------------- ------------- ------------- --------------
Balance at December 31, 2018.......            190            44            57            291
Provision (release)................            (4)            10             7             13
Charge-offs, net of recoveries.....             --           (5)          (10)           (15)
                                    -------------- ------------- ------------- --------------
Balance at December 31, 2019.......  $         186  $         49  $         54  $         289
                                    ============== ============= ============= ==============

                                    MLIC-57

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


   Valuation Allowance Methodology

     Mortgage loans are considered to be impaired when it is probable that,
   based upon current information and events, the Company will be unable to
   collect all amounts due under the loan agreement. Specific valuation
   allowances are established using the same methodology for all three
   portfolio segments as the excess carrying value of a loan over either
   (i) the present value of expected future cash flows discounted at the loan's
   original effective interest rate, (ii) the estimated fair value of the
   loan's underlying collateral if the loan is in the process of foreclosure or
   otherwise collateral dependent, or (iii) the loan's observable market price.
   A common evaluation framework is used for establishing non-specific
   valuation allowances for all loan portfolio segments; however, a separate
   non-specific valuation allowance is calculated and maintained for each loan
   portfolio segment that is based on inputs unique to each loan portfolio
   segment. Non-specific valuation allowances are established for pools of
   loans with similar risk characteristics where a property-specific or
   market-specific risk has not been identified, but for which the Company
   expects to incur a credit loss. These evaluations are based upon several
   loan portfolio segment-specific factors, including the Company's experience
   with loan losses, defaults and loss severity, and loss expectations for
   loans with similar risk characteristics. These evaluations are revised as
   conditions change and new information becomes available.

   Commercial and Agricultural Mortgage Loan Portfolio Segments

     The Company typically uses several years of historical experience in
   establishing non-specific valuation allowances which capture multiple
   economic cycles. For evaluations of commercial mortgage loans, in addition
   to historical experience, management considers factors that include the
   impact of a rapid change to the economy, which may not be reflected in the
   loan portfolio, and recent loss and recovery trend experience as compared to
   historical loss and recovery experience. For evaluations of agricultural
   mortgage loans, in addition to historical experience, management considers
   factors that include increased stress in certain sectors, which may be
   evidenced by higher delinquency rates, or a change in the number of higher
   risk loans. On a quarterly basis, management incorporates the impact of
   these current market events and conditions on historical experience in
   determining the non-specific valuation allowance established for commercial
   and agricultural mortgage loans.

     All commercial mortgage loans are reviewed on an ongoing basis which may
   include an analysis of the property financial statements and rent roll,
   lease rollover analysis, property inspections, market analysis, estimated
   valuations of the underlying collateral, loan-to-value ratios, debt service
   coverage ratios, and tenant creditworthiness. The monitoring process focuses
   on higher risk loans, which include those that are classified as
   restructured, delinquent or in foreclosure, as well as loans with higher
   loan-to-value ratios and lower debt service coverage ratios. All
   agricultural mortgage loans are monitored on an ongoing basis. The
   monitoring process for agricultural mortgage loans is generally similar to
   the commercial mortgage loan monitoring process, with a focus on higher risk
   loans, including reviews on a geographic and property-type basis. Higher
   risk loans are reviewed individually on an ongoing basis for potential
   credit loss and specific valuation allowances are established using the
   methodology described above. Quarterly, the remaining loans are reviewed on
   a pool basis by aggregating groups of loans that have similar risk
   characteristics for potential credit loss, and non-specific valuation
   allowances are established as described above using inputs that are unique
   to each segment of the loan portfolio.

     For commercial mortgage loans, the primary credit quality indicator is the
   debt service coverage ratio, which compares a property's net operating
   income to amounts needed to service the principal and interest due under the
   loan. Generally, the lower the debt service coverage ratio, the higher the
   risk of experiencing a credit loss. The Company also reviews the
   loan-to-value ratio of its commercial mortgage loan portfolio. Loan-to-value
   ratios compare the unpaid principal balance of the loan to the estimated
   fair value of the underlying collateral. Generally, the higher the
   loan-to-value ratio, the higher the risk of experiencing a credit loss. The
   debt service coverage ratio and the values utilized in calculating the ratio
   are updated annually on a rolling basis, with a portion of the portfolio
   updated each quarter. In addition, the loan-to-value ratio is routinely
   updated for all but the lowest risk loans as part of the Company's ongoing
   review of its commercial mortgage loan portfolio.

     For agricultural mortgage loans, the Company's primary credit quality
   indicator is the loan-to-value ratio. The values utilized in calculating
   this ratio are developed in connection with the ongoing review of the
   agricultural mortgage loan portfolio and are routinely updated.

                                    MLIC-58

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


   Residential Mortgage Loan Portfolio Segment

     The Company's residential mortgage loan portfolio is comprised primarily
   of closed end, amortizing residential mortgage loans. For evaluations of
   residential mortgage loans, the key inputs of expected frequency and
   expected loss reflect current market conditions, with expected frequency
   adjusted, when appropriate, for differences from market conditions and the
   Company's historical experience. In contrast to the commercial and
   agricultural mortgage loan portfolios, residential mortgage loans are
   smaller-balance homogeneous loans that are collectively evaluated for
   impairment. Non-specific valuation allowances are established using the
   evaluation framework described above for pools of loans with similar risk
   characteristics from inputs that are unique to the residential segment of
   the loan portfolio. Loan specific valuation allowances are only established
   on residential mortgage loans when they have been restructured and are
   established using the methodology described above for all loan portfolio
   segments.

     For residential mortgage loans, the Company's primary credit quality
   indicator is whether the loan is performing or nonperforming. The Company
   generally defines nonperforming residential mortgage loans as those that are
   60 or more days past due and/or in nonaccrual status which is assessed
   monthly. Generally, nonperforming residential mortgage loans have a higher
   risk of experiencing a credit loss.

  Credit Quality of Commercial Mortgage Loans

    The credit quality of commercial mortgage loans held-for-investment was as
  follows at:

                                         Recorded Investment
                       -------------------------------------------------------
                          Debt Service Coverage Ratios                          Estimated
                       ----------------------------------              % of       Fair       % of
                          1.20x   1.00x - 1.20x < 1.00x     Total     Total      Value      Total
                       ----------- ------------- -------- ----------- -------- ----------- ---------
                                                   (Dollars in millions)
December 31, 2019
Loan-to-value ratios:
Less than 65%.........  $   28,908   $     961    $   426  $   30,295    81.2%  $   31,461     81.5%
65% to 75%............       5,307          47        346       5,700     15.3       5,844      15.1
76% to 80%............         482          --        238         720      1.9         714       1.9
Greater than 80%......         401         195         --         596      1.6         575       1.5
                       -----------  ----------   -------- ----------- -------- ----------- ---------
  Total...............  $   35,098   $   1,203    $ 1,010  $   37,311   100.0%  $   38,594    100.0%
                       ===========  ==========   ======== =========== ======== =========== =========
December 31, 2018
Loan-to-value ratios:
Less than 65%.........  $   31,282   $     723    $    85  $   32,090    84.2%  $   32,440     84.3%
65% to 75%............       4,759          --         21       4,780     12.5       4,829      12.6
76% to 80%............         340         210         56         606      1.6         585       1.5
Greater than 80%......         480         167         --         647      1.7         613       1.6
                       -----------  ----------   -------- ----------- -------- ----------- ---------
  Total...............  $   36,861   $   1,100    $   162  $   38,123   100.0%  $   38,467    100.0%
                       ===========  ==========   ======== =========== ======== =========== =========

                                    MLIC-59

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


  Credit Quality of Agricultural Mortgage Loans

     The credit quality of agricultural mortgage loans held-for-investment was
  as follows at:

                                             December 31,
                          --------------------------------------------------
                                    2019                      2018
                          ------------------------  ------------------------
                             Recorded      % of        Recorded      % of
                            Investment     Total      Investment     Total
                          -------------- ---------  -------------- ---------
                                         (Dollars in millions)
   Loan-to-value ratios:
   Less than 65%.........  $      14,741      93.9%  $      13,075      92.3%
   65% to 75%............            851       5.4           1,034       7.3
   76% to 80%............             71       0.4              32       0.2
   Greater than 80%......             42       0.3              23       0.2
                          -------------- ---------  -------------- ---------
       Total.............  $      15,705     100.0%  $      14,164     100.0%
                          ============== =========  ============== =========

  Credit Quality of Residential Mortgage Loans

     The credit quality of residential mortgage loans held-for-investment was
  as follows at:

                                              December 31,
                            -------------------------------------------------
                                      2019                     2018
                            ------------------------ ------------------------
                              Recorded      % of       Recorded      % of
                              Investment     Total     Investment     Total
                            ------------- ---------- ------------- ----------
                                          (Dollars in millions)
   Performance indicators:
   Performing..............  $     12,198      97.0%  $     10,990      96.5%
   Nonperforming (1).......           377        3.0           402        3.5
                            ------------- ---------- ------------- ----------
     Total.................  $     12,575     100.0%  $     11,392     100.0%
                            ============= ========== ============= ==========
--------

(1)Includes residential mortgage loans held-for-investment in process of
   foreclosure of $117 million and $140 million at December 31, 2019 and 2018,
   respectively.

  Past Due and Nonaccrual Mortgage Loans

     The Company has a high quality, well performing mortgage loan portfolio,
  with 99% of all mortgage loans classified as performing at both December 31,
  2019 and 2018. The Company defines delinquency consistent with industry
  practice, when mortgage loans are past due as follows: commercial and
  residential mortgage loans -- 60 days and agricultural mortgage loans -- 90
  days. The past due and nonaccrual mortgage loans at recorded investment,
  prior to valuation allowances, by portfolio segment, were as follows at:

                                                    Greater than 90 Days Past Due and Still
                             Past Due                        Accruing Interest                          Nonaccrual
                ----------------------------------- --------------------------------------- -----------------------------------
                December 31, 2019 December 31, 2018 December 31, 2019   December 31, 2018   December 31, 2019 December 31, 2018
                ----------------- ----------------- -----------------   -----------------   ----------------- -----------------
                                                               (In millions)
Commercial.....              $ --              $ --               $--                $ --                $167              $167
Agricultural...               124               204                 2                 109                 137               105
Residential....               377               402                --                  --                 377               402
                ----------------- ----------------- -----------------   -----------------   ----------------- -----------------
 Total.........              $501              $606               $ 2                $109                $681              $674
                ================= ================= =================   =================   ================= =================

                                    MLIC-60

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


  Mortgage Loans Modified in a Troubled Debt Restructuring

    The Company may grant concessions related to borrowers experiencing
  financial difficulties, which are classified as troubled debt restructurings.
  Generally, the types of concessions include: reduction of the contractual
  interest rate, extension of the maturity date at an interest rate lower than
  current market interest rates, and/or a reduction of accrued interest. The
  amount, timing and extent of the concessions granted are considered in
  determining any impairment or changes in the specific valuation allowance
  recorded with the restructuring. Through the continuous monitoring process, a
  specific valuation allowance may have been recorded prior to the quarter when
  the mortgage loan is modified in a troubled debt restructuring.

    For the year ended December 31, 2019, the Company had 396 residential
  mortgage loans modified in a troubled debt restructuring with carrying value
  of $97 million and $87 million pre-modification and post-modification,
  respectively. For the year ended December 31, 2018, the Company had 440
  residential mortgage loans modified in a troubled debt restructuring with
  carrying value of $96 million and $92 million pre-modification and
  post-modification, respectively.

    For the year ended December 31, 2019, the Company had three agricultural
  mortgage loans modified in a troubled debt restructuring with carrying value
  of $111 million for both pre-modification and post-modification. For the year
  ended December 31, 2018, the Company did not have a significant amount of
  agricultural mortgage loans modified in a troubled debt restructuring. For
  both years ended December 31, 2019 and 2018, the Company did not have
  commercial mortgage loans modified in a troubled debt restructuring.

Real Estate and Real Estate Joint Ventures

  The Company's real estate investment portfolio is diversified by property
type, geography and income stream, including income from operating leases,
operating income and equity in earnings from equity method real estate joint
ventures. Real estate investments, by income type, as well as income earned,
are as follows at and for the periods indicated:

                                        December 31,       Years Ended December 31,
                                    --------------------- --------------------------
                                       2019       2018      2019     2018     2017
                                    ---------- ---------- -------- -------- --------
                                       Carrying Value               Income
                                    --------------------- --------------------------
                                                     (In millions)
Leased real estate investments..... $    1,586 $    1,134 $    165 $    210 $    209
Other real estate investments......        419        460      174      177      172
Real estate joint ventures.........      4,654      4,558       62       85       65
                                    ---------- ---------- -------- -------- --------
 Total real estate and real estate
   joint ventures.................. $    6,659 $    6,152 $    401 $    472 $    446
                                    ========== ========== ======== ======== ========

  The carrying value of real estate investments acquired through foreclosure
was $34 million and $42 million at December 31, 2019 and 2018, respectively.
Depreciation expense on real estate investments was $62 million, $65 million
and $76 million for the years ended December 31, 2019, 2018 and 2017,
respectively. Real estate investments were net of accumulated depreciation of
$652 million and $671 million at December 31, 2019 and 2018, respectively.

Leases

  Leased Real Estate Investments -- Operating Leases

    The Company, as lessor, leases investment real estate, principally
  commercial real estate for office and retail use, through a variety of
  operating lease arrangements, which typically include tenant reimbursement
  for property operating costs and options to renew or extend the lease. In
  some circumstances, leases may include an option for the lessee to purchase
  the property. In addition, certain leases of retail space may stipulate that
  a portion of the income earned is contingent upon the level of the tenants'
  revenues. The Company has elected a practical expedient of not separating
  non-lease components related to reimbursement of property operating costs
  from associated lease components. These property operating costs have the
  same timing and pattern of transfer as the related lease component, because
  they are incurred over the same period of time as the operating
  lease. Therefore, the combined component is accounted for as a single
  operating lease. Risk is managed through lessee credit analysis, property
  type diversification, and geographic diversification, primarily across the
  United States. Leased real estate investments and income earned, by property
  type, are as follows at and for the periods indicated:

                                    MLIC-61

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


                                                December 31,       Years Ended December 31,
                                            --------------------- --------------------------
                                               2019       2018      2019     2018     2017
                                            ---------- ---------- -------- -------- --------
                                               Carrying Value               Income
                                            --------------------- --------------------------
                                                             (In millions)
Leased real estate investments:
  Office................................... $      278 $      373 $     49 $     60 $     57
  Retail...................................        507        450       70       65       63
  Apartment (1)............................        525         --        3       49       53
  Industrial...............................        243        209       42       35       36
  Other....................................         33        102        1        1       --
                                            ---------- ---------- -------- -------- --------
    Total leased real estate investments... $    1,586 $    1,134 $    165 $    210 $    209
                                            ========== ========== ======== ======== ========
--------

(1) The Company sold its investment in apartment properties in the fourth
    quarter of 2018 and subsequently, in the fourth quarter of 2019, purchased
    investments in apartment properties.

    Future contractual receipts under operating leases as of December 31, 2019
  are $114 million in 2020, $107 million in 2021, $95 million in 2022,
  $87 million in 2023, $79 million in 2024, $259 million thereafter, and in
  total $741 million.

  Leveraged and Direct Financing Leases

    The Company has diversified leveraged lease and direct financing lease
  portfolios. Its leveraged leases principally include renewable energy
  generation facilities, rail cars, commercial real estate and commercial
  aircraft, and its direct financing leases principally include renewable
  energy generation facilities. These assets are leased through a variety of
  lease arrangements, which may include options to renew or extend the lease
  and options for the lessee to purchase the property. Residual values are
  estimated at inception of the lease using available third-party data. Risk is
  managed through lessee credit analysis, asset allocation, geographic
  diversification, and ongoing reviews of estimated residual values, using
  available third-party data and, in certain leases, linking the amount of
  future rents to changes in inflation rates. Generally, estimated residual
  values are not guaranteed by the lessee or a third party.

    Investment in leveraged and direct financing leases consisted of the
  following at:

                                   December 31, 2019       December 31, 2018
                                ----------------------  ----------------------
                                              Direct                  Direct
                                 Leveraged   Financing   Leveraged   Financing
                                  Leases      Leases      Leases      Leases
                                ----------  ----------  ----------  ----------
                                                 (In millions)
 Lease receivables, net (1).... $      666  $      232  $      715  $      256
 Estimated residual values.....        592          42         618          42
                                ----------  ----------  ----------  ----------
  Subtotal.....................      1,258         274       1,333         298
 Unearned income...............       (362)        (85)       (401)       (100)
                                ----------  ----------  ----------  ----------
  Investment in leases......... $      896  $      189  $      932  $      198
                                ==========  ==========  ==========  ==========
--------

(1) Future contractual receipts under direct financing leases as of
    December 31, 2019 are $23 million in 2020, $21 million in 2021, $21 million
    in 2022, $21 million in 2023, $21 million in 2024, $125 million thereafter,
    and in total $232 million.

    Lease receivables are generally due in periodic installments. The remaining
  life of the payment periods for leveraged leases generally range from one to
  15 years but in certain circumstances can be over 25 years, while the
  remaining life of the payment periods for direct financing leases generally
  range from one to 25 years but in certain circumstances can be over 25 years.
  For lease receivables, the primary credit quality indicator is whether the
  lease receivable is performing or nonperforming, which is assessed monthly.
  The Company generally defines nonperforming lease receivables as those that
  are 90 days or more past due. At both December 31, 2019 and 2018 all lease
  receivables were performing.

                                    MLIC-62

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


    The Company's deferred income tax liability related to leveraged leases was
  $425 million and $465 million at December 31, 2019 and 2018, respectively.

    The components of income from investment in leveraged and direct financing
  leases, excluding net investment gains (losses), were as follows:

                                                                   Years Ended December 31,
                                                  -----------------------------------------------------------
                                                         2019                2018                2017
                                                  ------------------- ------------------- -------------------
                                                             Direct              Direct              Direct
                                                  Leveraged Financing Leveraged Financing Leveraged Financing
                                                   Leases    Leases    Leases    Leases    Leases    Leases
                                                  --------- --------- --------- --------- --------- ---------
                                                                         (In millions)
Lease investment income.......................... $      37 $     12  $      37 $      13 $     11  $      15
Less: Income tax expense.........................         8        3          8         3        4          5
                                                  --------- --------  --------- --------- --------  ---------
    Lease investment income, net of income tax... $      29 $      9  $      29 $      10 $      7  $      10
                                                  ========= ========  ========= ========= ========  =========

Other Invested Assets

  Other invested assets is comprised primarily of freestanding derivatives with
positive estimated fair values (see Note 8), affiliated investments, tax credit
and renewable energy partnerships, annuities funding structured settlement
claims, leveraged and direct financing leases, FHLB common stock, equity
securities and FVO Securities. See "-- Related Party Investment Transactions"
for information regarding affiliated investments.

  Tax Credit Partnerships

  The carrying value of tax credit partnerships was $1.3 billion and
$1.7 billion at December 31, 2019 and 2018, respectively. Losses from tax
credit partnerships included within net investment income were $240 million,
$257 million and $259 million for the years ended December 31, 2019, 2018 and
2017, respectively.

Cash Equivalents

  The carrying value of cash equivalents, which includes securities and other
investments with an original or remaining maturity of three months or less at
the time of purchase, was $5.5 billion and $5.0 billion at December 31, 2019
and 2018, respectively.

Net Unrealized Investment Gains (Losses)

  Unrealized investment gains (losses) on fixed maturity securities AFS, equity
securities and derivatives and the effect on DAC, VOBA, DSI, future policy
benefits and the policyholder dividend obligation, that would result from the
realization of the unrealized gains (losses), are included in net unrealized
investment gains (losses) in AOCI.

                                    MLIC-63

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


   The components of net unrealized investment gains (losses), included in
AOCI, were as follows:

                                                                                  Years Ended December 31,
                                                                        -------------------------------------------
                                                                             2019           2018           2017
                                                                        -------------  -------------  -------------
                                                                                       (In millions)
Fixed maturity securities AFS.......................................... $      15,145  $       3,890  $      12,349
Fixed maturity securities AFS with noncredit OTTI losses included in
 AOCI..................................................................            32             25             40
                                                                        -------------  -------------  -------------
  Total fixed maturity securities AFS..................................        15,177          3,915         12,389
Equity securities......................................................            --             --            119
Derivatives............................................................         2,043          1,742          1,396
Other..................................................................           210            231              1
                                                                        -------------  -------------  -------------
  Subtotal.............................................................        17,430          5,888         13,905
                                                                        -------------  -------------  -------------
Amounts allocated from:
Future policy benefits.................................................        (1,121)            (5)           (19)
DAC and VOBA related to noncredit OTTI losses recognized in AOCI.......            --             --             --
DAC, VOBA and DSI......................................................        (1,051)          (571)          (790)
Policyholder dividend obligation.......................................        (2,020)          (428)        (2,121)
                                                                        -------------  -------------  -------------
  Subtotal.............................................................        (4,192)        (1,004)        (2,930)
Deferred income tax benefit (expense) related to noncredit OTTI losses
 recognized in AOCI....................................................            (7)            (5)           (14)
Deferred income tax benefit (expense)..................................        (2,735)          (982)        (3,704)
                                                                        -------------  -------------  -------------
  Net unrealized investment gains (losses)............................. $      10,496  $       3,897  $       7,257
                                                                        =============  =============  =============

   The changes in net unrealized investment gains (losses) were as follows:

                                                                                     Years Ended December 31,
                                                                           -------------------------------------------
                                                                                2019           2018           2017
                                                                           -------------  -------------  -------------
                                                                                          (In millions)
Balance at January 1,..................................................... $       3,897  $       7,257  $       5,051
Cumulative effects of changes in accounting principles, net of income tax
 (Note 1).................................................................            17          1,310             --
Fixed maturity securities AFS on which noncredit OTTI losses have been
 recognized...............................................................             7            (15)            30
Unrealized investment gains (losses) during the year......................        11,513         (7,883)         3,621
Unrealized investment gains (losses) relating to:
Future policy benefits....................................................        (1,116)            14            (10)
DAC and VOBA related to noncredit OTTI losses recognized in AOCI..........            --             --              1
DAC, VOBA and DSI.........................................................          (480)           219           (221)
Policyholder dividend obligation..........................................        (1,592)         1,693           (190)
Deferred income tax benefit (expense) related to noncredit OTTI losses
 recognized in AOCI.......................................................            (2)             9            (11)
Deferred income tax benefit (expense).....................................        (1,748)         1,293         (1,014)
                                                                           -------------  -------------  -------------
Balance at December 31,................................................... $      10,496  $       3,897  $       7,257
                                                                           =============  =============  =============
Change in net unrealized investment gains (losses)........................ $       6,599  $      (3,360) $       2,206
                                                                           =============  =============  =============

Concentrations of Credit Risk

  There were no investments in any counterparty that were greater than 10% of
the Company's equity, other than the U.S. government and its agencies, at both
December 31, 2019 and 2018.

                                    MLIC-64

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


Securities Lending and Repurchase Agreements

   Securities, Collateral and Reinvestment Portfolio

   A summary of the outstanding securities lending and repurchase agreements
transactions is as follows:

                                                                December 31,
                               ------------------------------------------------------------------------------
                                                2019                                    2018
                               --------------------------------------- --------------------------------------
                               Securities                              Securities
                                  (1)                                     (1)
                               ----------                              ----------
                                               Cash                                    Cash
                                            Collateral   Reinvestment               Collateral   Reinvestment
                                          Received from  Portfolio at             Received from  Portfolio at
                               Estimated  Counterparties   Estimated   Estimated  Counterparties  Estimated
                               Fair Value    (2), (3)     Fair Value   Fair Value    (2), (3)     Fair Value
                               ---------- -------------- ------------- ---------- -------------- ------------
                                                         (In millions)
Securities lending............ $  12,455    $  12,791      $  12,847   $  13,138    $  13,351     $  13,376
Repurchase agreements......... $   2,333    $   2,310      $   2,320   $   1,020    $   1,000     $   1,001
-------------

(1) Securities on loan or securities pledged in connection with these programs
    are included within fixed maturities securities AFS, short-term investments
    and cash equivalents.

(2) In connection with securities lending, in addition to cash collateral
    received, the Company received from counterparties security collateral of
    $0 and $64 million at December 31, 2019 and 2018, respectively, which may
    not be sold or re-pledged, unless the counterparty is in default, and is
    not reflected on the consolidated financial statements.

(3) The liability for cash collateral for these programs is included within
    payables for collateral under securities loaned, other transactions and
    other liabilities.

   Contractual Maturities

   A summary of the remaining contractual maturities of securities lending
agreements and repurchase agreements is as follows:

                                                            December 31,
                              -------------------------------------------------------------------------
                                              2019                                 2018
                              ------------------------------------ ------------------------------------
                                      Remaining Maturities                 Remaining Maturities
                              ------------------------------------ ------------------------------------
                                                  Over                                 Over
                                       1 Month   1 to 6                     1 Month   1 to 6
                              Open (1) or Less   Months    Total   Open (1) or Less   Months    Total
                              -------- -------- -------- --------- -------- -------- -------- ---------
                                                            (In millions)
Cash collateral liability by
 loaned security type:
  Securities lending:
    U.S. government and
     agency.................. $  2,260 $  5,040 $  5,491 $  12,791 $  1,970 $  7,426 $  3,955 $  13,351
  Repurchase agreements:
    U.S. government and
     agency.................. $     -- $  2,310 $     -- $   2,310 $     -- $  1,000 $     -- $   1,000
-------------

(1) The related loaned security could be returned to the Company on the next
    business day, which would require the Company to immediately return the
    cash collateral.

(2) The Company is permitted to withdraw any portion of the pledged collateral
    over the minimum collateral requirement at any time, other than in the
    event of a default by the Company.

                                    MLIC-65

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


  If the Company is required to return significant amounts of cash collateral
on short notice and is forced to sell securities to meet the return obligation,
it may have difficulty selling such collateral that is invested in securities
in a timely manner, be forced to sell securities in a volatile or illiquid
market for less than what otherwise would have been realized under normal
market conditions, or both.

  The securities lending and repurchase agreements reinvestment portfolios
consist principally of high quality, liquid, publicly-traded fixed maturity
securities AFS, short-term investments, cash equivalents or cash. If the
securities on loan, securities pledged or the reinvestment portfolio become
less liquid, liquidity resources within the general account are available to
meet any potential cash demands when securities on loan or securities pledged
are put back by the counterparty.

Invested Assets on Deposit and Pledged as Collateral

   Invested assets on deposit and pledged as collateral are presented below at
estimated fair value for all asset classes, except mortgage loans, which are
presented at carrying value at:

                                                                          December 31,
                                                                  -----------------------------
                                                                       2019           2018
                                                                  -------------- --------------
                                                                          (In millions)
Invested assets on deposit (regulatory deposits).................  $          62  $          47
Invested assets pledged as collateral (1)........................         20,659         20,207
                                                                  -------------- --------------
    Total invested assets on deposit and pledged as collateral...  $      20,721  $      20,254
                                                                  ============== ==============
-------------

(1) The Company has pledged invested assets in connection with various
    agreements and transactions, including funding agreements (see Note 3),
    derivative transactions (see Note 8) and secured debt (See Note 11).

  See "-- Securities Lending and Repurchase Agreements" for information
regarding securities supporting securities lending and repurchase agreement
transactions and Note 6 for information regarding investments designated to the
closed block. In addition, the Company's investment in FHLB common stock, which
is considered restricted until redeemed by the issuers, was $737 million and
$724 million, at redemption value, at December 31, 2019 and 2018, respectively.

Purchased Credit Impaired Investments

  Investments acquired with evidence of credit quality deterioration since
origination and for which it is probable at the acquisition date that the
Company will be unable to collect all contractually required payments are
classified as purchased credit impaired ("PCI") investments. For each
investment, the excess of the cash flows expected to be collected as of the
acquisition date over its acquisition date fair value is referred to as the
accretable yield and is recognized in net investment income on an effective
yield basis. If, subsequently, based on current information and events, it is
probable that there is a significant increase in cash flows previously expected
to be collected or if actual cash flows are significantly greater than cash
flows previously expected to be collected, the accretable yield is adjusted
prospectively. The excess of the contractually required payments (including
interest) as of the acquisition date over the cash flows expected to be
collected as of the acquisition date is referred to as the nonaccretable
difference, and this amount is not expected to be realized in net investment
income. Decreases in cash flows expected to be collected can result in OTTI.

  The Company's PCI investments had an outstanding principal balance of
$3.2 billion and $3.9 billion at December 31, 2019 and 2018, respectively,
which represents the contractually required principal and accrued interest
payments whether or not currently due and a carrying value (estimated fair
value of the investments plus accrued interest) of $2.7 billion and
$3.2 billion at December 31, 2019 and 2018, respectively. Accretion of
accretable yield on PCI investments recognized in earnings in net investment
income was $170 million and $266 million for the years ended December 31, 2019
and 2018, respectively. Purchases of PCI investments were insignificant in both
of the years ended December 31, 2019 and 2018.

                                    MLIC-66

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


Collectively Significant Equity Method Investments

  The Company holds investments in real estate joint ventures, real estate
funds and other limited partnership interests consisting of leveraged buy-out
funds, hedge funds, private equity funds, joint ventures and other funds. The
portion of these investments accounted for under the equity method had a
carrying value of $11.5 billion at December 31, 2019. The Company's maximum
exposure to loss related to these equity method investments is limited to the
carrying value of these investments plus unfunded commitments of $3.3 billion
at December 31, 2019. Except for certain real estate joint ventures and certain
funds, the Company's investments in its remaining real estate funds and other
limited partnership interests are generally of a passive nature in that the
Company does not participate in the management of the entities.

  As described in Note 1, the Company generally records its share of earnings
in its equity method investments using a three-month lag methodology and within
net investment income. Aggregate net investment income from these equity method
investments exceeded 10% of the Company's consolidated pre-tax income (loss)
for two of the three most recent annual periods: 2019 and 2017. The Company is
providing the following aggregated summarized financial data for such equity
method investments, for the most recent annual periods, in order to provide
comparative information. This aggregated summarized financial data does not
represent the Company's proportionate share of the assets, liabilities, or
earnings of such entities.

  The aggregated summarized financial data presented below reflects the latest
available financial information and is as of, and for, the years ended
December 31, 2019, 2018 and 2017. Aggregate total assets of these entities
totaled $527.8 billion and $466.8 billion at December 31, 2019 and 2018,
respectively. Aggregate total liabilities of these entities totaled
$77.6 billion and $56.3 billion at December 31, 2019 and 2018, respectively.
Aggregate net income (loss) of these entities totaled $40.9 billion,
$42.7 billion and $35.0 billion for the years ended December 31, 2019, 2018 and
2017, respectively. Aggregate net income (loss) from the underlying entities in
which the Company invests is primarily comprised of investment income,
including recurring investment income and realized and unrealized investment
gains (losses).

Variable Interest Entities

  The Company has invested in legal entities that are VIEs. In certain
instances, the Company holds both the power to direct the most significant
activities of the entity, as well as an economic interest in the entity and, as
such, is deemed to be the primary beneficiary or consolidator of the entity.
The determination of the VIE's primary beneficiary requires an evaluation of
the contractual and implied rights and obligations associated with each party's
relationship with or involvement in the entity, an estimate of the entity's
expected losses and expected residual returns and the allocation of such
estimates to each party involved in the entity.

  Consolidated VIEs

    Creditors or beneficial interest holders of VIEs where the Company is the
  primary beneficiary have no recourse to the general credit of the Company, as
  the Company's obligation to the VIEs is limited to the amount of its
  committed investment.

    The following table presents the total assets and total liabilities
  relating to investment related VIEs for which the Company has concluded that
  it is the primary beneficiary and which are consolidated at:

                                                           December 31,
                                         -------------------------------------------------
                                                   2019                     2018
                                         ------------------------ ------------------------
                                            Total        Total       Total        Total
                                            Assets    Liabilities    Assets    Liabilities
                                         ------------ ----------- ------------ -----------
                                                           (In millions)
Real estate joint ventures (1).......... $      1,378  $      --  $      1,394  $      --
Renewable energy partnership (2)........           94         --           102         --
Investment fund (primarily mortgage
 loans) (3).............................          211         --           219         --
Other investments (2)...................           10          5            21          5
                                         ------------  ---------  ------------  ---------
 Total.................................. $      1,693  $       5  $      1,736  $       5
                                         ============  =========  ============  =========
-------------

                                    MLIC-67

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


(1) The Company's investment in these affiliated real estate joint ventures was
    $1.2 billion and $1.3 billion at December 31, 2019 and 2018, respectively.
    Other affiliates' investments in these affiliated real estate joint
    ventures were $129 million and $123 million at December 31, 2019 and 2018,
    respectively.

(2) Assets of the renewable energy partnership and other investments are
    primarily consisted of other invested assets.

(3) The Company's investment in this affiliated investment fund was
    $172 million and $178 million, at December 31, 2019 and 2018, respectively.
    An affiliate had an investment in this affiliated investment fund of
    $39 million and $41 million at December 31, 2019 and 2018, respectively.

  Unconsolidated VIEs

    The carrying amount and maximum exposure to loss relating to VIEs in which
  the Company holds a significant variable interest but is not the primary
  beneficiary and which have not been consolidated were as follows at:

                                                              December 31,
                                         -------------------------------------------------------
                                                    2019                        2018
                                         --------------------------- ---------------------------
                                                          Maximum                     Maximum
                                           Carrying      Exposure      Carrying      Exposure
                                            Amount      to Loss (1)     Amount      to Loss (1)
                                         ------------- ------------- ------------- -------------
                                                              (In millions)
Fixed maturity securities AFS:
 Structured Products (2)................ $      37,119 $      37,119 $      35,112 $      35,112
 U.S. and foreign corporate.............         1,098         1,098           669           669
Other limited partnership interests.....         4,461         7,423         3,979         6,405
Other invested assets...................         1,554         1,677         1,914         2,066
Real estate joint ventures..............            25            28            33            37
                                         ------------- ------------- ------------- -------------
 Total.................................. $      44,257 $      47,345 $      41,707 $      44,289
                                         ============= ============= ============= =============
-------------

(1) The maximum exposure to loss relating to fixed maturity securities AFS is
    equal to their carrying amounts or the carrying amounts of retained
    interests. The maximum exposure to loss relating to other limited
    partnership interests and real estate joint ventures is equal to the
    carrying amounts plus any unfunded commitments. For certain of its
    investments in other invested assets, the Company's return is in the form
    of income tax credits which are guaranteed by creditworthy third parties.
    For such investments, the maximum exposure to loss is equal to the carrying
    amounts plus any unfunded commitments, reduced by income tax credits
    guaranteed by third parties of $6 million and $93 million at December 31,
    2019 and 2018, respectively. Such a maximum loss would be expected to occur
    only upon bankruptcy of the issuer or investee.

(2) For these variable interests, the Company's involvement is limited to that
    of a passive investor in mortgage-backed or asset-backed securities issued
    by trusts that do not have substantial equity.

    As described in Note 16, the Company makes commitments to fund partnership
  investments in the normal course of business. Excluding these commitments,
  the Company did not provide financial or other support to investees
  designated as VIEs for each of the years ended December 31, 2019, 2018 and
  2017.

    The Company securitizes certain residential mortgage loans and acquires an
  interest in the related RMBS issued. While the Company has a variable
  interest in the issuer of the securities, it is not the primary beneficiary
  of the issuer of the securities since it does not have any rights to remove
  the servicer or veto rights over the servicer's actions. The resulting gain
  (loss) from the securitization is included within net investment gains
  (losses). The estimated fair value of the related RMBS acquired in connection
  with the securitizations is included in the carrying amount and maximum
  exposure to loss for Structured Products presented in the table above.

    The carrying value and the estimated fair value of mortgage loans were
  $443 million and $467 million, respectively, for loans sold during 2019, and
  $451 million and $478 million, respectively, for loans sold during 2018.
  Gains on securitizations

                                    MLIC-68

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)

  of $24 million and $27 million for the years ended December 31, 2019 and
  2018, respectively, were included within net investment gains (losses). The
  estimated fair value of RMBS acquired in connection with the securitizations
  was $131 million and $98 million at December 31, 2019 and 2018, respectively.

    See Note 9 for information on how the estimated fair value of mortgage
  loans and RMBS is determined, the valuation approaches and key inputs, their
  placement in the fair value hierarchy, and for certain RMBS, quantitative
  information about the significant unobservable inputs and the sensitivity of
  their estimated fair value to changes in those inputs.

Net Investment Income

   The components of net investment income were as follows:

                                                 Years Ended December 31,
                                         -----------------------------------------
                                             2019          2018          2017
                                         ------------- ------------- -------------
                                                       (In millions)
Investment income:
Fixed maturity securities AFS...........   $     7,015   $     7,268   $     7,057
Mortgage loans..........................         3,147         2,822         2,647
Policy loans............................           307           297           310
Real estate and real estate joint
 ventures...............................           401           472           446
Other limited partnership interests.....           545           519           625
Cash, cash equivalents and short-term
 investments............................           183           121            74
Equity securities.......................            35            42            97
FVO Securities (1)......................            74            22            --
Operating joint venture.................            69            37            19
Other...................................           221           261           133
                                         ------------- ------------- -------------
 Subtotal...............................        11,997        11,861        11,408
Less: Investment expenses...............         1,024           942           895
                                         ------------- ------------- -------------
 Net investment income..................   $    10,973   $    10,919   $    10,513
                                         ============= ============= =============
-------------

(1) Changes in estimated fair value subsequent to purchase for FVO Securities
    still held as of the end of the respective periods included in net
    investment income were $74 million and $22 million for the years ended
    December 31, 2019 and 2018, respectively. There were no changes in
    estimated fair value subsequent to purchase for FVO Securities still held
    as of December 31, 2017 included in net investment income for the year
    ended December 31, 2017.

    See "-- Related Party Investment Transactions" for discussion of affiliated
  net investment income and investment expenses.

    The Company invests in real estate joint ventures, other limited
  partnership interests and tax credit and renewable energy partnerships, and
  also does business through an operating joint venture, the majority of which
  are accounted for under the equity method. Net investment income from other
  limited partnership interests and the operating joint venture, accounted for
  under the equity method; and real estate joint ventures and tax credit and
  renewable energy partnerships, primarily accounted for under the equity
  method, totaled $458 million, $344 million and $300 million for the years
  ended December 31, 2019, 2018, and 2017, respectively.

                                    MLIC-69

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


Net Investment Gains (Losses)

  Components of Net Investment Gains (Losses)

    The components of net investment gains (losses) were as follows:

                                                    Years Ended December 31,
                                           -------------------------------------
                                                2019         2018         2017
                                           -----------  -----------  -----------
                                                       (In millions)
Total gains (losses) on fixed maturity
 securities AFS:
Total OTTI losses recognized -- by sector
 and industry:
U.S. and foreign corporate securities --
 by industry:
Consumer..................................  $      (16)  $      (19)  $       (5)
Industrial................................         (19)          (2)          --
Finance...................................          --           (2)          --
                                           -----------  -----------  -----------
 Total U.S. and foreign corporate
   securities.............................         (35)         (23)          (5)
RMBS......................................          (2)          --           --
Foreign Government........................          (2)          --           --
Municipals................................          --           --           (1)
                                           -----------  -----------  -----------
 OTTI losses on fixed maturity securities
   AFS recognized in earnings.............         (39)         (23)          (6)
Fixed maturity securities AFS -- net
 gains (losses) on sales and disposals....          51          107           23
                                           -----------  -----------  -----------
 Total gains (losses) on fixed maturity
   securities AFS.........................          12           84           17
                                           -----------  -----------  -----------
Total gains (losses) on equity securities:
Total OTTI losses recognized -- by
 security type:
Common stock..............................          --           --          (23)
Non-redeemable preferred stock............          --           --           (1)
                                           -----------  -----------  -----------
 OTTI losses on equity securities
   recognized in earnings.................          --           --          (24)
Equity securities -- net gains (losses)
 on sales and disposals...................          12           17            7
Change in estimated fair value of equity
 securities (1)...........................          38         (101)          --
                                           -----------  -----------  -----------
 Total gains (losses) on equity securities          50          (84)         (17)
Mortgage loans............................         (13)         (50)         (34)
Real estate and real estate joint ventures         396          311          607
Other limited partnership interests.......           3            8          (52)
Other (2).................................         (46)        (162)        (115)
                                           -----------  -----------  -----------
 Subtotal.................................         402          107          406
                                           -----------  -----------  -----------
Change in estimated fair value of other
 limited partnership interests............         (15)          11           --
Non-investment portfolio gains (losses)...         (41)          35          (72)
                                           -----------  -----------  -----------
 Total net investment gains (losses)......  $      346   $      153   $      334
                                           ===========  ===========  ===========
--------

(1)Changes in estimated fair value subsequent to purchase for equity securities
   still held as of the end of the period included in net investment gains
   (losses) were $31 million and ($82) million for the years ended December 31,
   2019 and 2018, respectively.

(2)Other gains (losses) included tax credit partnership impairment losses of
   $92 million, and a renewable energy partnership disposal gain of $46 million
   for the year ended December 31, 2019. Other gains (losses) included
   renewable energy partnership disposal losses of $83 million and leveraged
   lease impairment losses of $105 million for the year ended December 31,
   2018. Other gains (losses) included renewable energy partnership disposal
   losses of $6 million and leveraged lease impairment losses of $79 million
   for the year ended December 31, 2017.

    See "-- Related Party Investment Transactions" for discussion of affiliated
  net investment gains (losses) related to transfers of invested assets to
  affiliates.

                                    MLIC-70

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


    Gains (losses) from foreign currency transactions included within net
  investment gains (losses) were ($57) million, $21 million and ($142) million
  for the years ended December 31, 2019, 2018 and 2017, respectively.

  Sales or Disposals and Impairments of Fixed Maturity Securities AFS

    Sales of securities are determined on a specific identification basis.
  Proceeds from sales or disposals and the components of net investment
  gains (losses) were as shown in the table below:

                                              Years Ended December 31,
                                       -------------------------------------
                                           2019         2018         2017
                                       -----------  -----------  -----------
                                                   (In millions)
   Proceeds...........................  $   32,175   $   53,042   $   34,483
                                       ===========  ===========  ===========
   Gross investment gains.............  $      392   $      604   $      278
   Gross investment losses............        (341)        (497)        (255)
   OTTI losses........................         (39)         (23)          (6)
                                       -----------  -----------  -----------
    Net investment gains (losses).....  $       12   $       84   $       17
                                       ===========  ===========  ===========

  Credit Loss Rollforward of Fixed Maturity Securities AFS

    The table below presents a rollforward of the cumulative credit loss
  component of OTTI loss recognized in earnings on fixed maturity securities
  AFS still held for which a portion of the OTTI loss was recognized in OCI:

                                                     Years Ended December 31,
                                                 ---------------------------
                                                    2019           2018
                                                  ----------     ----------
                                                      (In millions)
        Balance at January 1,...................  $      70      $     110
         Sales (maturities, pay downs or
           prepayments) of securities
           previously impaired as credit loss
           OTTI.................................        (16)           (38)
         Increase in cash flows -- accretion of
           previous credit loss OTTI............         (1)            (2)
                                                  ----------     ----------
        Balance at December 31,.................  $      53      $      70
                                                  ==========     ==========

Related Party Investment Transactions

   The Company transfers invested assets primarily consisting of fixed maturity
securities AFS and mortgage loans to and from affiliates. Invested assets
transferred to and from affiliates were as follows:

                                                      Years Ended December 31,
                                                ------------------------------
                                                  2019      2018       2017
                                                 -------   -------   --------
                                                     (In millions)
       Estimated fair value of invested assets
        transferred to affiliates.............. $    --   $    --   $    453
       Amortized cost of invested assets
        transferred to affiliates.............. $    --   $    --   $    416
       Net investment gains (losses)
        recognized on transfers................ $    --   $    --   $     37
       Estimated fair value of invested assets
        transferred from affiliates............ $    46   $    77   $    306

                                    MLIC-71

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

7. Investments (continued)


   Recurring related party investments and related net investment income were
as follows at and for the periods ended:

                                                                                December 31,    Years Ended December 31,
                                                                              ----------------- ------------------------
                                                                                2019     2018   2019     2018    2017
                                                                              -------- --------  -----    -----   -----
   Investment Type/Balance Sheet Category           Related Party              Carrying Value   Net Investment Income
--------------------------------------    ----------------------------------- ----------------- ------------------------
                                                                                         (In millions)
      Affiliated investments (1)......... MetLife, Inc.                       $  1,810 $  1,798 $  34    $  31   $  78
      Affiliated investments (2)......... American Life Insurance Company          100      100     3        3       3
      Affiliated investments (3)......... Metropolitan Property and Casualty
                                          Insurance Company                        315      315    11       10       6
                                                                              -------- --------  -----    -----   -----
      Other invested assets..............                                     $  2,225 $  2,213 $  48    $  44   $  87
                                                                              ======== ========  =====    =====   =====
      Money market pool (4).............. Metropolitan Money Market Pool      $     -- $     52 $   1    $   1   $   1
                                                                              -------- --------  -----    -----   -----
      Short-term investments.............                                     $     -- $     52 $   1    $   1   $   1
                                                                              ======== ========  =====    =====   =====
--------

(1)Represents an investment in affiliated senior notes. The affiliated senior
   notes have maturity dates from September 2020 to October 2029 and bear
   interest, payable semi-annually, at a rate per annum ranging from 0.82% to
   3.14%. In July 2019, a (Yen)53.3 billion 1.45% affiliated senior note
   matured and was refinanced with a (Yen)37.3 billion 1.60% affiliated senior
   note due July 2023 and a (Yen)16.0 billion 1.64% affiliated senior note due
   July 2026. In October 2019, a (Yen)26.5 billion 1.72% affiliated senior note
   matured and was refinanced with a (Yen)26.5 billion 1.81% affiliated senior
   note due October 2029.

(2)Represents an investment in an affiliated surplus note. The surplus note,
   which bears interest at a fixed rate of 3.17%, payable semiannually, is due
   June 2020.

(3)Represents an investment in affiliated preferred stock. Dividends are
   payable quarterly at a variable rate.

(4)The investment has a variable rate of return.

    Through March 31, 2018, the Company provided investment administrative
  services to certain affiliates. The related investment administrative service
  charges to these affiliates were $19 million and $73 million for the years
  ended December 31, 2018 and 2017, respectively. Effective April 1, 2018, the
  Company receives investment advisory services from an affiliate. The related
  affiliated investment advisory charges to the Company were $299 million and
  $198 million for the years ended December 31, 2019 and 2018, respectively.

    See "-- Mortgage Loans by Portfolio Segment" for discussion of mortgage
  loan participation agreements with affiliates.

    See "-- Variable Interest Entities" for information on investments in
  affiliated real estate joint ventures and affiliated investment fund.

8. Derivatives

Accounting for Derivatives

  See Note 1 for a description of the Company's accounting policies for
derivatives and Note 9 for information about the fair value hierarchy for
derivatives.

Derivative Strategies

  The Company is exposed to various risks relating to its ongoing business
operations, including interest rate, foreign currency exchange rate, credit and
equity market. The Company uses a variety of strategies to manage these risks,
including the use of derivatives.

  Derivatives are financial instruments with values derived from interest
rates, foreign currency exchange rates, credit spreads and/or other financial
indices. Derivatives may be exchange-traded or contracted in the
over-the-counter ("OTC") market. Certain of the Company's OTC derivatives are
cleared and settled through central clearing counterparties ("OTC-cleared"),
while others are bilateral contracts between two
counterparties ("OTC-bilateral"). The types of derivatives the Company uses

                                    MLIC-72

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)

include swaps, forwards, futures and option contracts. To a lesser extent, the
Company uses credit default swaps and structured interest rate swaps to
synthetically replicate investment risks and returns which are not readily
available in the cash markets.

Interest Rate Derivatives

  The Company uses a variety of interest rate derivatives to reduce its
exposure to changes in interest rates, including interest rate swaps, interest
rate total return swaps, caps, floors, swaptions, futures and forwards.

  Interest rate swaps are used by the Company primarily to reduce market risks
from changes in interest rates and to alter interest rate exposure arising from
mismatches between assets and liabilities (duration mismatches). In an interest
rate swap, the Company agrees with another party to exchange, at specified
intervals, the difference between fixed rate and floating rate interest amounts
as calculated by reference to an agreed notional amount. The Company utilizes
interest rate swaps in fair value, cash flow and nonqualifying hedging
relationships.

  The Company uses structured interest rate swaps to synthetically create
investments that are either more expensive to acquire or otherwise unavailable
in the cash markets. These transactions are a combination of a derivative and a
cash instrument such as a U.S. government and agency, or other fixed maturity
securities AFS. Structured interest rate swaps are included in interest rate
swaps and are not designated as hedging instruments.

  Interest rate total return swaps are swaps whereby the Company agrees with
another party to exchange, at specified intervals, the difference between the
economic risk and reward of an asset or a market index and a benchmark interest
rate, calculated by reference to an agreed notional amount. No cash is
exchanged at the outset of the contract. Cash is paid and received over the
life of the contract based on the terms of the swap. These transactions are
entered into pursuant to master agreements that provide for a single net
payment to be made by the counterparty at each due date. Interest rate total
return swaps are used by the Company to reduce market risks from changes in
interest rates and to alter interest rate exposure arising from mismatches
between assets and liabilities (duration mismatches). The Company utilizes
interest rate total return swaps in nonqualifying hedging relationships.

  The Company purchases interest rate caps primarily to protect its floating
rate liabilities against rises in interest rates above a specified level, and
against interest rate exposure arising from mismatches between assets and
liabilities, and interest rate floors primarily to protect its minimum rate
guarantee liabilities against declines in interest rates below a specified
level. In certain instances, the Company locks in the economic impact of
existing purchased caps and floors by entering into offsetting written caps and
floors. The Company utilizes interest rate caps and floors in nonqualifying
hedging relationships.

  In exchange-traded interest rate (Treasury and swap) futures transactions,
the Company agrees to purchase or sell a specified number of contracts, the
value of which is determined by the different classes of interest rate
securities, to post variation margin on a daily basis in an amount equal to the
difference in the daily market values of those contracts and to pledge initial
margin based on futures exchange requirements. The Company enters into
exchange-traded futures with regulated futures commission merchants that are
members of the exchange. Exchange-traded interest rate (Treasury and swap)
futures are used primarily to hedge mismatches between the duration of assets
in a portfolio and the duration of liabilities supported by those assets, to
hedge against changes in value of securities the Company owns or anticipates
acquiring, to hedge against changes in interest rates on anticipated liability
issuances by replicating Treasury or swap curve performance, and to hedge
minimum guarantees embedded in certain variable annuity products issued by the
Company. The Company utilizes exchange-traded interest rate futures in
nonqualifying hedging relationships.

  Swaptions are used by the Company to hedge interest rate risk associated with
the Company's long-term liabilities and invested assets. A swaption is an
option to enter into a swap with a forward starting effective date. In certain
instances, the Company locks in the economic impact of existing purchased
swaptions by entering into offsetting written swaptions. The Company pays a
premium for purchased swaptions and receives a premium for written swaptions.
The Company utilizes swaptions in nonqualifying hedging relationships.
Swaptions are included in interest rate options.

  The Company enters into interest rate forwards to buy and sell securities.
The price is agreed upon at the time of the contract and payment for such a
contract is made at a specified future date. The Company utilizes interest rate
forwards in cash flow and nonqualifying hedging relationships.

                                    MLIC-73

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


  A synthetic GIC is a contract that simulates the performance of a traditional
GIC through the use of financial instruments. The policyholder owns the
underlying assets, and the Company provides a guarantee (or "wrap") on the
participant funds for an annual risk charge. The Company's maximum exposure to
loss on synthetic GICs is the notional amount, in the event the values of all
of the underlying assets were reduced to zero. The Company's risk is
substantially lower due to contractual provisions that limit the portfolio to
high quality assets, which are pre-approved and monitored for compliance, as
well as the collection of risk charges. In addition, the crediting rates reset
periodically to amortize market value gains and losses over a period equal to
the duration of the wrapped portfolio, subject to a 0% floor. While plan
participants may transact at book value, contract holder withdrawals may only
occur immediately at market value, or at book value paid over a period of time
per contract provisions. Synthetic GICs are not designated as hedging
instruments.

Foreign Currency Exchange Rate Derivatives

  The Company uses foreign currency exchange rate derivatives, including
foreign currency swaps and foreign currency forwards, to reduce the risk from
fluctuations in foreign currency exchange rates associated with its assets and
liabilities denominated in foreign currencies.

  In a foreign currency swap transaction, the Company agrees with another party
to exchange, at specified intervals, the difference between one currency and
another at a fixed exchange rate, generally set at inception, calculated by
reference to an agreed upon notional amount. The notional amount of each
currency is exchanged at the inception and termination of the currency swap by
each party. The Company utilizes foreign currency swaps in fair value, cash
flow and nonqualifying hedging relationships.

  In a foreign currency forward transaction, the Company agrees with another
party to deliver a specified amount of an identified currency at a specified
future date. The price is agreed upon at the time of the contract and payment
for such a contract is made at the specified future date. The Company utilizes
foreign currency forwards in nonqualifying hedging relationships.

Credit Derivatives

  The Company enters into purchased credit default swaps to hedge against
credit-related changes in the value of its investments. In a credit default
swap transaction, the Company agrees with another party to pay, at specified
intervals, a premium to hedge credit risk. If a credit event occurs, as defined
by the contract, the contract may be cash settled or it may be settled gross by
the delivery of par quantities of the referenced investment equal to the
specified swap notional amount in exchange for the payment of cash amounts by
the counterparty equal to the par value of the investment surrendered. Credit
events vary by type of issuer but typically include bankruptcy, failure to pay
debt obligations and involuntary restructuring for corporate obligors, as well
as repudiation, moratorium or governmental intervention for sovereign obligors.
In each case, payout on a credit default swap is triggered only after the
Credit Derivatives Determinations Committee of the International Swaps and
Derivatives Association, Inc. ("ISDA") deems that a credit event has occurred.
The Company utilizes credit default swaps in nonqualifying hedging
relationships.

  The Company enters into written credit default swaps to synthetically create
credit investments that are either more expensive to acquire or otherwise
unavailable in the cash markets. These transactions are a combination of a
derivative and one or more cash instruments, such as U.S. government and
agency, or other fixed maturity securities AFS. These credit default swaps are
not designated as hedging instruments.

  The Company enters into forwards to lock in the price to be paid for forward
purchases of certain securities. The price is agreed upon at the time of the
contract and payment for the contract is made at a specified future date. When
the primary purpose of entering into these transactions is to hedge against the
risk of changes in purchase price due to changes in credit spreads, the Company
designates these transactions as credit forwards. The Company utilizes credit
forwards in cash flow hedging relationships.

Equity Derivatives

  The Company uses a variety of equity derivatives to reduce its exposure to
equity market risk, including equity index options, equity variance swaps,
exchange-traded equity futures and equity total return swaps.

                                    MLIC-74

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


  Equity index options are used by the Company primarily to hedge minimum
guarantees embedded in certain variable annuity products issued by the Company.
To hedge against adverse changes in equity indices, the Company enters into
contracts to sell the underlying equity index within a limited time at a
contracted price. The contracts will be net settled in cash based on
differentials in the indices at the time of exercise and the strike price.
Certain of these contracts may also contain settlement provisions linked to
interest rates. In certain instances, the Company may enter into a combination
of transactions to hedge adverse changes in equity indices within a
pre-determined range through the purchase and sale of options. The Company
utilizes equity index options in nonqualifying hedging relationships.

  Equity variance swaps are used by the Company primarily to hedge minimum
guarantees embedded in certain variable annuity products issued by the Company.
In an equity variance swap, the Company agrees with another party to exchange
amounts in the future, based on changes in equity volatility over a defined
period. The Company utilizes equity variance swaps in nonqualifying hedging
relationships.

  In exchange-traded equity futures transactions, the Company agrees to
purchase or sell a specified number of contracts, the value of which is
determined by the different classes of equity securities, to post variation
margin on a daily basis in an amount equal to the difference in the daily
market values of those contracts and to pledge initial margin based on futures
exchange requirements. The Company enters into exchange-traded futures with
regulated futures commission merchants that are members of the exchange.
Exchange-traded equity futures are used primarily to hedge minimum guarantees
embedded in certain variable annuity products issued by the Company. The
Company utilizes exchange-traded equity futures in nonqualifying hedging
relationships.

  In an equity total return swap, the Company agrees with another party to
exchange, at specified intervals, the difference between the economic risk and
reward of an asset or a market index and a benchmark interest rate, calculated
by reference to an agreed notional amount. No cash is exchanged at the outset
of the contract. Cash is paid and received over the life of the contract based
on the terms of the swap. The Company uses equity total return swaps to hedge
its equity market guarantees in certain of its insurance products. Equity total
return swaps can be used as hedges or to synthetically create investments. The
Company utilizes equity total return swaps in nonqualifying hedging
relationships.

                                    MLIC-75

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


Primary Risks Managed by Derivatives

   The following table presents the primary underlying risk exposure, gross
notional amount and estimated fair value of the Company's derivatives,
excluding embedded derivatives, held at:

                                                                     December 31,
                                         --------------------------------------------------------------------
                                                       2019                               2018
                                         --------------------------------- ----------------------------------
                                                     Estimated Fair Value               Estimated Fair Value
                                                    ----------------------             ----------------------
                                           Gross                             Gross
                     Primary Underlying   Notional                          Notional
                       Risk Exposure       Amount    Assets    Liabilities   Amount     Assets    Liabilities
                     ------------------  ---------- --------- ------------ ----------- --------- ------------
                                                                    (In millions)
Derivatives Designated as Hedging Instruments:
Fair value hedges:
Interest rate swaps. Interest rate        $   2,370  $  2,668   $       2   $    2,446  $  2,197   $       2
Foreign currency     Foreign currency
 swaps.............. exchange rate            1,250        12          17        1,191        49          --
                                         ---------- ---------  ----------  ----------- ---------  ----------
 Subtotal...........                          3,620     2,680          19        3,637     2,246           2
                                         ---------- ---------  ----------  ----------- ---------  ----------
Cash flow hedges:
Interest rate swaps. Interest rate            3,324       125          27        3,181       139           1
Interest rate
 forwards........... Interest rate            6,793        75         142        3,023        --         216
Foreign currency     Foreign currency
 swaps.............. exchange rate           27,240     1,199       1,103       26,239     1,218       1,318
                                         ---------- ---------  ----------  ----------- ---------  ----------
 Subtotal...........                         37,357     1,399       1,272       32,443     1,357       1,535
                                         ---------- ---------  ----------  ----------- ---------  ----------
 Total qualifying
   hedges...........                         40,977     4,079       1,291       36,080     3,603       1,537
                                         ---------- ---------  ----------  ----------- ---------  ----------
Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Interest rate swaps. Interest rate           38,820     2,296         133       36,238     1,507          85
Interest rate floors Interest rate           12,701       156          --       12,701       102          --
Interest rate caps.. Interest rate           42,622        18           5       54,576       154           1
Interest rate
 futures............ Interest rate              745        --          --          794        --           1
Interest rate
 options............ Interest rate           24,944       427          --       24,340       185          --
Interest rate total
 return swaps....... Interest rate            1,048         5          49        1,048        33           2
Synthetic GICs...... Interest rate           16,498        --          --       18,006        --          --
Foreign currency     Foreign currency
 swaps.............. exchange rate            6,124       419          97        5,986       700          79
Foreign currency     Foreign currency
 forwards........... exchange rate            1,001        12           8          943        15          14
Credit default
 swaps -- purchased. Credit                     888         4          11          858        24           4
Credit default
 swaps -- written... Credit                   8,711       200           1        7,864        67          13
Equity futures...... Equity market            2,039        --           5        1,006         1           6
Equity index options Equity market           23,104       447         417       23,162       706         396
Equity variance
 swaps.............. Equity market              637        17          17        1,946        32          81
Equity total return
 swaps.............. Equity market              716        --          68          886        89          --
                                         ---------- ---------  ----------  ---------------------  ----------
 Total non-designated or nonqualifying
   derivatives.........................     180,598     4,001         811      190,354     3,615         682
                                         ---------- ---------  ----------  ---------------------  ----------
 Total.................................   $ 221,575  $  8,080   $   2,102   $  226,434  $  7,218   $   2,219
                                         ========== =========  ==========  =========== =========  ==========

  Based on gross notional amounts, a substantial portion of the Company's
derivatives was not designated or did not qualify as part of a hedging
relationship at both December 31, 2019 and 2018. The Company's use of
derivatives includes (i) derivatives that serve as macro hedges of the
Company's exposure to various risks and that generally do not qualify for hedge
accounting due to the criteria required under the portfolio hedging rules;
(ii) derivatives that economically hedge insurance liabilities that contain
mortality or morbidity risk and that generally do not qualify for hedge
accounting because the lack of these risks in the derivatives cannot support an
expectation of a highly effective hedging relationship; (iii) derivatives that
economically hedge embedded derivatives that do not qualify for hedge
accounting because the changes in estimated fair value of the embedded
derivatives are already recorded in net income; and (iv) written credit default
swaps and interest rate swaps that are used to synthetically create investments
and that do not qualify for hedge accounting because they do not involve a
hedging relationship. For these nonqualified derivatives, changes in market
factors can lead to the recognition of fair value changes on the statement of
operations without an offsetting gain or loss recognized in earnings for the
item being hedged.

                                    MLIC-76

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


The Effects of Derivatives on the Consolidated Statements of Operations and
Comprehensive Income (Loss)

   The following table presents the consolidated financial statement location
and amount of gain (loss) recognized on fair value, cash flow, nonqualifying
hedging relationships and embedded derivatives:

                                                                          Year Ended December 31, 2019
                                                  ----------------------------------------------------------------------------
                                                                                                  Interest
                                                                Net        Net                  Credited to
                                                     Net     Investment Derivative Policyholder Policyholder
                                                  Investment   Gains      Gains    Benefits and   Account     Other
                                                    Income    (Losses)   (Losses)     Claims      Balances   Expenses    OCI
                                                  ---------- ---------- ---------- ------------ ------------ -------- --------
                                                                                  (In millions)
Gain (Loss) on Fair Value Hedges:
Interest rate derivatives:
Derivatives designated as hedging
 instruments (1).................................   $    (2)   $   --    $     --     $   339     $      1    $    --      N/A
Hedged items.....................................         4        --          --        (369)          --         --      N/A
Foreign currency exchange rate derivatives:
Derivatives designated as hedging
 instruments (1).................................       (54)       --          --          --           --         --      N/A
Hedged items.....................................        54        --          --          --           --         --      N/A
                                                   --------   -------   ---------    --------    ---------   -------- --------
Amount excluded from the assessment of hedge
 effectiveness...................................        --        --          --          --           --         --      N/A
                                                   --------   -------   ---------    --------    ---------   -------- --------
  Subtotal.......................................         2        --          --         (30)           1         --      N/A
Gain (Loss) on Cash Flow Hedges:
Interest rate derivatives: (1)
Amount of gains (losses) deferred in AOCI........       N/A       N/A         N/A         N/A          N/A        N/A  $   605
Amount of gains (losses) reclassified from AOCI
 into income.....................................        23         4          --          --           --         --      (27)
Foreign currency exchange rate derivatives: (1)
Amount of gains (losses) deferred in AOCI........       N/A       N/A         N/A         N/A          N/A        N/A      (67)
Amount of gains (losses) reclassified from AOCI
 into income.....................................        (3)      212          --          --           --         --     (209)
Foreign currency transaction gains (losses) on
 hedged items....................................        --      (211)         --          --           --         --       --
Credit derivatives: (1)
Amount of gains (losses) deferred in AOCI........       N/A       N/A         N/A         N/A          N/A        N/A       --
Amount of gains (losses) reclassified from AOCI
 into income.....................................         1        --          --          --           --         --       (1)
                                                   --------   -------   ---------    --------    ---------   -------- --------
  Subtotal.......................................        21         5          --          --           --         --      301
Gain (Loss) on Derivatives Not Designated or Not
 Qualifying as Hedging Instruments:
Interest rate derivatives (1)....................        (3)       --         720          --           --         --      N/A
Foreign currency exchange rate derivatives (1)...        --        --         (49)         --           --         --      N/A
Credit derivatives -- purchased (1)..............        --        --         (25)         --           --         --      N/A
Credit derivatives -- written (1)................        --        --         172          --           --         --      N/A
Equity derivatives (1)...........................        --        --        (944)       (150)          --         --      N/A
Foreign currency transaction gains (losses) on
 hedged items....................................        --        --          (4)         --           --         --      N/A
                                                   --------   -------   ---------    --------    ---------   -------- --------
  Subtotal.......................................        (3)       --        (130)       (150)          --         --      N/A
Earned income on derivatives.....................       270        --         272         135         (147)        --       --
Embedded derivatives (2).........................       N/A       N/A        (430)         --          N/A        N/A      N/A
                                                   --------   -------   ---------    --------    ---------   -------- --------
  Total..........................................   $   290    $    5    $   (288)    $   (45)    $   (146)   $    --  $   301
                                                   ========   =======   =========    ========    =========   ======== ========

                                    MLIC-77

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


                                                                          Year Ended December 31, 2018
                                                  ----------------------------------------------------------------------------
                                                                                                  Interest
                                                                Net        Net                  Credited to
                                                     Net     Investment Derivative Policyholder Policyholder
                                                  Investment   Gains      Gains    Benefits and   Account     Other
                                                    Income    (Losses)   (Losses)     Claims      Balances   Expenses    OCI
                                                  ---------- ---------- ---------- ------------ ------------ -------- --------
                                                                                  (In millions)
Gain (Loss) on Fair Value Hedges:
Interest rate derivatives:
Derivatives designated as hedging
 instruments (1).................................   $    --    $    --    $  (220)    $    --     $     --    $    --      N/A
Hedged items.....................................        --         --        226          --           --         --      N/A
Foreign currency exchange rate derivatives:
Derivatives designated as hedging
 instruments (1).................................        --         --         75          --           --         --      N/A
Hedged items.....................................        --         --        (78)         --           --         --      N/A
Amount excluded from the assessment of hedge
 effectiveness...................................        --         --         --          --           --         --      N/A
                                                   --------   --------   --------    --------    ---------   -------- --------
  Subtotal.......................................        --         --          3          --           --         --      N/A
Gain (Loss) on Cash Flow Hedges:
Interest rate derivatives: (1)
Amount of gains (losses) deferred in AOCI........       N/A        N/A        N/A         N/A          N/A        N/A  $  (262)
Amount of gains (losses) reclassified from AOCI
 into income.....................................        20         --         22          --           --         --      (42)
Foreign currency exchange rate derivatives: (1)
Amount of gains (losses) deferred in AOCI........       N/A        N/A        N/A         N/A          N/A        N/A      180
Amount of gains (losses) reclassified from AOCI
 into income.....................................        (3)        --       (469)         --           --         --      472
Foreign currency transaction gains (losses) on
 hedged items....................................        --         --        475          --           --         --       --
Credit derivatives: (1)
Amount of gains (losses) deferred in AOCI........       N/A        N/A        N/A         N/A          N/A        N/A       --
Amount of gains (losses) reclassified from AOCI
 into income.....................................         1         --          1          --           --         --       (2)
                                                   --------   --------   --------    --------    ---------   -------- --------
  Subtotal.......................................        18         --         29          --           --         --      346
Gain (Loss) on Derivatives Not Designated or Not
 Qualifying as Hedging Instruments:
Interest rate derivatives (1)....................         4         --       (340)         --           --         --      N/A
Foreign currency exchange rate derivatives (1)...        --         --        429          --           --         --      N/A
Credit derivatives -- purchased (1)..............        --         --          9          --           --         --      N/A
Credit derivatives -- written (1)................        --         --        (90)         --           --         --      N/A
Equity derivatives (1)...........................         1         --        166          45           --         --      N/A
Foreign currency transaction gains (losses) on
 hedged items....................................        --         --       (155)         --           --         --      N/A
                                                   --------   --------   --------    --------    ---------   -------- --------
  Subtotal.......................................         5         --         19          45           --         --      N/A
Earned income on derivatives.....................       371         --        339           8         (113)        --       --
Embedded derivatives (2).........................       N/A        N/A        376          --          N/A        N/A      N/A
                                                   --------   --------   --------    --------    ---------   -------- --------
  Total..........................................   $   394    $    --    $   766     $    53     $   (113)   $    --  $   346
                                                   ========   ========   ========    ========    =========   ======== ========

                                    MLIC-78

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


                                                                           Year Ended December 31, 2017
                                                  -----------------------------------------------------------------------------
                                                                                                  Interest
                                                                Net        Net                  Credited to
                                                     Net     Investment Derivative Policyholder Policyholder
                                                  Investment   Gains      Gains    Benefits and   Account     Other
                                                    Income    (Losses)   (Losses)     Claims      Balances   Expenses    OCI
                                                  ---------- ---------- ---------- ------------ ------------ -------- ---------
                                                                                  (In millions)
Gain (Loss) on Fair Value Hedges:
Interest rate derivatives:
Derivatives designated as hedging
 instruments (1).................................   $    --    $    --   $    (65)   $     --     $     --    $    --       N/A
Hedged items.....................................        --         --        129          --           --         --       N/A
Foreign currency exchange rate derivatives:
Derivatives designated as hedging
 instruments (1).................................        --         --         41          --           --         --       N/A
Hedged items.....................................        --         --        (16)         --           --         --       N/A
Amount excluded from the assessment of hedge
 effectiveness...................................        --         --         --          --           --         --       N/A
                                                   --------   --------  ---------   ---------    ---------   -------- ---------
  Subtotal.......................................        --         --         89          --           --         --       N/A
Gain (Loss) on Cash Flow Hedges:
Interest rate derivatives: (1)
Amount of gains (losses) deferred in AOCI........       N/A        N/A        N/A         N/A          N/A        N/A  $    283
Amount of gains (losses) reclassified from AOCI
 into income.....................................        18         --         13          --           --         --       (31)
Foreign currency exchange rate derivatives: (1)
Amount of gains (losses) deferred in AOCI........       N/A        N/A        N/A         N/A          N/A        N/A      (161)
Amount of gains (losses) reclassified from AOCI
 into income.....................................        (1)        --        938          --           --         --      (937)
Foreign currency transaction gains (losses) on
 hedged items....................................        --         --       (920)         --           --         --        --
Credit derivatives: (1)
Amount of gains (losses) deferred in AOCI........       N/A        N/A        N/A         N/A          N/A        N/A        --
Amount of gains (losses) reclassified from AOCI
 into income.....................................         1         --          1          --           --         --        (2)
                                                   --------   --------  ---------   ---------    ---------   -------- ---------
  Subtotal.......................................        18         --         32          --           --         --      (848)
Gain (Loss) on Derivatives Not Designated or Not
 Qualifying as Hedging Instruments:
Interest rate derivatives (1)....................         1         --       (343)         --           --         --       N/A
Foreign currency exchange rate derivatives (1)...        --         --       (746)         --           --         --       N/A
Credit derivatives -- purchased (1)..............        --         --        (16)         --           --         --       N/A
Credit derivatives -- written (1)................        --         --        102          --           --         --       N/A
Equity derivatives (1)...........................        (6)        --       (536)       (216)          --         --       N/A
Foreign currency transaction gains (losses) on
 hedged items....................................        --         --        241          --           --         --       N/A
                                                   --------   --------  ---------   ---------    ---------   -------- ---------
  Subtotal.......................................        (5)        --     (1,298)       (216)          --         --       N/A
Earned income on derivatives.....................       302         --        406           5          (64)        --        --
Embedded derivatives (2).........................       N/A        N/A        427          --          N/A        N/A       N/A
                                                   --------   --------  ---------   ---------    ---------   -------- ---------
  Total..........................................   $   315    $    --   $   (344)   $   (211)    $    (64)   $    --  $   (848)
                                                   ========   ========  =========   =========    =========   ======== =========
--------

(1)Excludes earned income on derivatives.

(2)The valuation of guaranteed minimum benefits includes a nonperformance risk
   adjustment. The amounts included in net derivative gains (losses) in
   connection with this adjustment were ($16) million, $51 million and ($65)
   million for the years ended December 31, 2019, 2018 and 2017, respectively.

                                    MLIC-79

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


Fair Value Hedges

  The Company designates and accounts for the following as fair value hedges
when they have met the requirements of fair value hedging: (i) interest rate
swaps to convert fixed rate assets and liabilities to floating rate assets and
liabilities; and (ii) foreign currency swaps to hedge the foreign currency fair
value exposure of foreign currency denominated assets and liabilities.

   The following table presents the balance sheet classification, carrying
amount and cumulative fair value hedging adjustments for items designated and
qualifying as hedged items in fair value hedges:

                                                                December 31, 2019
                                    --------------------------------------------------------------------------
                                                                                Cumulative Amount
                                         Carrying Amount of the         of Fair Value Hedging Adjustments
                                                Hedged               Included in the Carrying Amount of Hedged
Balance Sheet Line Item                  Assets (Liabilities)               Assets (Liabilities) (1)
-----------------------             ------------------------------ -------------------------------------------
                                                                  (In millions)
Fixed maturity securities AFS...... $                          404                                $        (1)
Mortgage loans..................... $                        1,127                                $          2
Future policy benefits............. $                      (4,475)                                $      (908)
--------

(1)Includes ($1) million of hedging adjustments on discontinued hedging
   relationships.

    All components of each derivative's gain or loss were included in the
  assessment of hedge effectiveness.

Cash Flow Hedges

  The Company designates and accounts for the following as cash flow hedges
when they have met the requirements of cash flow hedging: (i) interest rate
swaps to convert floating rate assets and liabilities to fixed rate assets and
liabilities; (ii) foreign currency swaps to hedge the foreign currency cash
flow exposure of foreign currency denominated assets and liabilities;
(iii) interest rate forwards and credit forwards to lock in the price to be
paid for forward purchases of investments; and (iv) interest rate swaps and
interest rate forwards to hedge the forecasted purchases of fixed rate
investments.

  In certain instances, the Company discontinued cash flow hedge accounting
because the forecasted transactions were no longer probable of occurring.
Because certain of the forecasted transactions also were not probable of
occurring within two months of the anticipated date, the Company reclassified
amounts from AOCI into income. These amounts were $51 million, $0, and
$20 million for the years ended December 31, 2019, 2018 and 2017, respectively.

  At December 31, 2019 and 2018, the maximum length of time over which the
Company was hedging its exposure to variability in future cash flows for
forecasted transactions did not exceed eight years and four years, respectively.

  At December 31, 2019 and 2018, the balance in AOCI associated with cash flow
hedges was $2.0 billion and $1.7 billion respectively.

  All components of each derivative's gain or loss were included in the
assessment of hedge effectiveness.

  At December 31, 2019, the Company expected to reclassify $43 million of
deferred net gains (losses) on derivatives in AOCI, to earnings within the next
12 months.

Credit Derivatives

  In connection with synthetically created credit investment transactions, the
Company writes credit default swaps for which it receives a premium to insure
credit risk. Such credit derivatives are included within the nonqualifying
derivatives and derivatives for purposes other than hedging table. If a credit
event occurs, as defined by the contract, the contract may be cash settled or
it may be settled gross by the Company paying the counterparty the specified
swap notional amount in exchange for the delivery of par quantities of the
referenced credit obligation. The Company's maximum amount at risk, assuming
the value of all referenced credit obligations is zero, was $8.7 billion and
$7.9 billion at December 31, 2019 and 2018, respectively. The Company can
terminate these contracts at any time through cash settlement with the
counterparty at an amount equal to the then current estimated fair value of the
credit default swaps. At December 31, 2019 and 2018, the Company would have
received $199 million and $54 million, respectively, to terminate all of these
contracts.

                                    MLIC-80

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


   The following table presents the estimated fair value, maximum amount of
future payments and weighted average years to maturity of written credit
default swaps at:

                                                                         December 31,
                                         -----------------------------------------------------------------------------
                                                          2019                                   2018
                                         -------------------------------------- --------------------------------------
                                                       Maximum                                Maximum
                                         Estimated      Amount                  Estimated      Amount
                                         Fair Value   of Future      Weighted   Fair Value   of Future      Weighted
                                         of Credit  Payments under   Average    of Credit  Payments under   Average
Rating Agency Designation of Referenced   Default   Credit Default   Years to    Default   Credit Default   Years to
Credit Obligations (1)                     Swaps        Swaps      Maturity (2)   Swaps        Swaps      Maturity (2)
---------------------------------------  ---------- -------------- ------------ ---------- -------------- ------------
                                                                     (Dollars in millions)
 Aaa/Aa/A
 Single name credit default swaps (3)...  $      1   $         94         1.7     $     2   $        154         2.0
 Credit default swaps referencing
  indices...............................        34          2,099         2.3          27          2,079         2.5
                                         ---------  -------------                --------  -------------
   Subtotal.............................        35          2,193         2.2          29          2,233         2.5
                                         ---------  -------------                --------  -------------
 Baa
 Single name credit default swaps (3)...         2            124         1.6           1            277         1.6
 Credit default swaps referencing
  indices...............................       141          6,165         5.0          20          5,124         5.2
                                         ---------  -------------                --------  -------------
   Subtotal.............................       143          6,289         5.0          21          5,401         5.0
                                         ---------  -------------                --------  -------------
 Ba
 Single name credit default swaps (3)...        --             --          --          --             10         1.5
 Credit default swaps referencing
  indices...............................        --             --          --          --             --          --
                                         ---------  -------------                --------  -------------
   Subtotal.............................        --             --          --          --             10         1.5
                                         ---------  -------------                --------  -------------
 B
 Single name credit default swaps (3)...        --             10         0.5          --             --          --
 Credit default swaps referencing
  indices...............................        21            219         5.0           4            220         5.0
                                         ---------  -------------                --------  -------------
   Subtotal.............................        21            229         4.8           4            220         5.0
                                         ---------  -------------                --------  -------------
   Total................................  $    199   $      8,711         4.3     $    54   $      7,864         4.3
                                         =========  =============                ========  =============
-------------

(1)The rating agency designations are based on availability and the midpoint of
   the applicable ratings among Moody's Investors Service ("Moody's"), S&P and
   Fitch Ratings. If no rating is available from a rating agency, then an
   internally developed rating is used.

(2)The weighted average years to maturity of the credit default swaps is
   calculated based on weighted average gross notional amounts.

(3)Single name credit default swaps may be referenced to the credit of
   corporations, foreign governments, or municipals.

Credit Risk on Freestanding Derivatives

  The Company may be exposed to credit-related losses in the event of
nonperformance by its counterparties to derivatives. Generally, the current
credit exposure of the Company's derivatives is limited to the net positive
estimated fair value of derivatives at the reporting date after taking into
consideration the existence of master netting or similar agreements and any
collateral received pursuant to such agreements.

                                    MLIC-81

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


  The Company manages its credit risk related to derivatives by entering into
transactions with creditworthy counterparties and establishing and monitoring
exposure limits. The Company's OTC-bilateral derivative transactions are
governed by ISDA Master Agreements which provide for legally enforceable
set-off and close-out netting of exposures to specific counterparties in the
event of early termination of a transaction, which includes, but is not limited
to, events of default and bankruptcy. In the event of an early termination, the
Company is permitted to set off receivables from the counterparty against
payables to the same counterparty arising out of all included transactions. All
of the Company's ISDA Master Agreements also include Credit Support Annex
provisions which require both the pledging and accepting of collateral in
connection with its OTC-bilateral derivatives.

  The Company's OTC-cleared derivatives are effected through central clearing
counterparties and its exchange-traded derivatives are effected through
regulated exchanges. Such positions are marked to market and margined on a
daily basis (both initial margin and variation margin), and the Company has
minimal exposure to credit-related losses in the event of nonperformance by
counterparties to such derivatives.

  See Note 9 for a description of the impact of credit risk on the valuation of
derivatives.

  The estimated fair values of the Company's net derivative assets and net
derivative liabilities after the application of master netting agreements and
collateral were as follows at:

                                                                                                 December 31,
                                                                              --------------------------------------------------
                                                                                        2019                      2018
                                                                              ------------------------  ------------------------
Derivatives Subject to a Master Netting Arrangement or a Similar Arrangement     Assets    Liabilities     Assets    Liabilities
----------------------------------------------------------------------------  -----------  -----------  -----------  -----------
                                                                                                (In millions)
    Gross estimated fair value of derivatives:
    OTC-bilateral (1)........................................................  $    7,974   $    2,035   $    7,255   $    2,166
    OTC-cleared (1)..........................................................         191           53           52           24
    Exchange-traded..........................................................          --            5            1            7
                                                                              -----------  -----------  -----------  -----------
     Total gross estimated fair value of derivatives presented on the
       consolidated balance sheets (1).......................................       8,165        2,093        7,308        2,197
    Gross amounts not offset on the consolidated balance sheets:
    Gross estimated fair value of derivatives: (2)
    OTC-bilateral............................................................      (1,915)      (1,915)      (1,988)     (1,988)
    OTC-cleared..............................................................         (25)         (25)         (20)        (20)
    Exchange-traded..........................................................          --           --           --           --
    Cash collateral: (3), (4)
    OTC-bilateral............................................................      (4,808)          --       (4,000)          --
    OTC-cleared..............................................................        (165)          --          (26)          --
    Exchange-traded..........................................................          --           --           --           --
    Securities collateral: (5)
    OTC-bilateral............................................................      (1,246)        (114)      (1,136)       (178)
    OTC-cleared..............................................................          --          (28)          --          (4)
    Exchange-traded..........................................................          --           (5)          --          (7)
                                                                              -----------  -----------  -----------  -----------
      Net amount after application of master netting agreements and
       collateral............................................................  $        6   $        6   $      138   $       --
                                                                              ===========  ===========  ===========  ===========
-------------

(1)At December 31, 2019 and 2018, derivative assets included income or
   (expense) accruals reported in accrued investment income or in other
   liabilities of $85 million and $90 million, respectively, and derivative
   liabilities included (income) or expense accruals reported in accrued
   investment income or in other liabilities of ($9) million and ($22) million,
   respectively.

(2)Estimated fair value of derivatives is limited to the amount that is subject
   to set-off and includes income or expense accruals.

                                    MLIC-82

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


(3)Cash collateral received by the Company for OTC-bilateral and OTC-cleared
   derivatives is included in cash and cash equivalents, short-term investments
   or in fixed maturity securities AFS, and the obligation to return it is
   included in payables for collateral under securities loaned and other
   transactions on the balance sheet.

(4)The receivable for the return of cash collateral provided by the Company is
   inclusive of initial margin on exchange-traded and OTC-cleared derivatives
   and is included in premiums, reinsurance and other receivables on the
   balance sheet. The amount of cash collateral offset in the table above is
   limited to the net estimated fair value of derivatives after application of
   netting agreements. At December 31, 2019 and 2018, the Company received
   excess cash collateral of $290 million and $95 million, respectively, and
   provided excess cash collateral of $0 and $1 million, respectively, which is
   not included in the table above due to the foregoing limitation.

(5)Securities collateral received by the Company is held in separate custodial
   accounts and is not recorded on the balance sheet. Subject to certain
   constraints, the Company is permitted by contract to sell or re-pledge this
   collateral, but at December 31, 2019, none of the collateral had been sold
   or re-pledged. Securities collateral pledged by the Company is reported in
   fixed maturity securities AFS on the balance sheet. Subject to certain
   constraints, the counterparties are permitted by contract to sell or
   re-pledge this collateral. The amount of securities collateral offset in the
   table above is limited to the net estimated fair value of derivatives after
   application of netting agreements and cash collateral. At December 31, 2019
   and 2018, the Company received excess securities collateral with an
   estimated fair value of $97 million and $28 million, respectively, for its
   OTC-bilateral derivatives, which are not included in the table above due to
   the foregoing limitation. At December 31, 2019 and 2018, the Company
   provided excess securities collateral with an estimated fair value of
   $48 million and $94 million, respectively, for its OTC-bilateral
   derivatives, and $462 million and $231 million, respectively, for its
   OTC-cleared derivatives, and $90 million and $52 million, respectively, for
   its exchange-traded derivatives, which are not included in the table above
   due to the foregoing limitation.

  The Company's collateral arrangements for its OTC-bilateral derivatives
require the counterparty in a net liability position, after considering the
effect of netting agreements, to pledge collateral when the collateral amount
owed by that counterparty reaches a minimum transfer amount. All of the
Company's netting agreements for derivatives contain provisions that require
both Metropolitan Life Insurance Company and the counterparty to maintain a
specific investment grade financial strength or credit rating from each of
Moody's and S&P. If a party's financial strength or credit ratings were to fall
below that specific investment grade financial strength or credit rating, that
party would be in violation of these provisions, and the other party to the
derivatives could terminate the transactions and demand immediate settlement
and payment based on such party's reasonable valuation of the derivatives.

   The following table presents the estimated fair value of the Company's
OTC-bilateral derivatives that were in a net liability position after
considering the effect of netting agreements, together with the estimated fair
value and balance sheet location of the collateral pledged.

                                                                                  December 31,
                                                        -----------------------------------------------------------------
                                                                      2019                             2018
                                                        -------------------------------- --------------------------------
                                                        Derivatives Derivatives          Derivatives Derivatives
                                                        Subject to  Not Subject          Subject to  Not Subject
                                                         Financial  to Financial          Financial  to Financial
                                                         Strength-   Strength-            Strength-   Strength-
                                                        Contingent   Contingent          Contingent   Contingent
                                                        Provisions   Provisions   Total  Provisions   Provisions   Total
                                                        ----------- ------------ ------- ----------- ------------ -------
                                                                                  (In millions)
Estimated Fair Value of Derivatives in a Net Liability
 Position (1)..........................................  $    120      $   --    $   120   $   178      $   --    $   178
Estimated Fair Value of Collateral Provided:
Fixed maturity securities AFS..........................  $    135      $   --    $   135   $   187      $   --    $   187
Cash...................................................  $     --      $   --    $    --   $     1      $   --    $     1
-------------

(1)After taking into consideration the existence of netting agreements.

                                    MLIC-83

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

8. Derivatives (continued)


Embedded Derivatives

   The Company issues certain products or purchases certain investments that
contain embedded derivatives that are required to be separated from their host
contracts and accounted for as freestanding derivatives.

   The following table presents the estimated fair value and balance sheet
location of the Company's embedded derivatives that have been separated from
their host contracts at:

                                                                                               December 31,
                                                                                           --------------------
                                                             Balance Sheet Location           2019      2018
                                                       ----------------------------------  ---------- ---------
                                                                                              (In millions)
Embedded derivatives within liability host contracts:
Direct guaranteed minimum benefits.................... Policyholder account balances......  $     175   $   178
Assumed guaranteed minimum benefits................... Policyholder account balances......          3         3
Funds withheld on ceded reinsurance (including
 affiliated).......................................... Other liabilities..................      1,017       465
Fixed annuities with equity indexed returns........... Policyholder account balances......        130        58
                                                                                           ---------- ---------
 Embedded derivatives within liability host contracts....................................   $   1,325   $   704
                                                                                           ========== =========

9. Fair Value

   When developing estimated fair values, the Company considers three broad
valuation approaches: (i) the market approach, (ii) the income approach, and
(iii) the cost approach. The Company determines the most appropriate valuation
approach to use, given what is being measured and the availability of
sufficient inputs, giving priority to observable inputs. The Company
categorizes its assets and liabilities measured at estimated fair value into a
three-level hierarchy, based on the significant input with the lowest level in
its valuation. The input levels are as follows:

Level 1  Unadjusted quoted prices in active markets for identical assets or
         liabilities. The Company defines active markets based on average
         trading volume for equity securities. The size of the bid/ask spread
         is used as an indicator of market activity for fixed maturity
         securities AFS.

Level 2  Quoted prices in markets that are not active or inputs that are
         observable either directly or indirectly. These inputs can include
         quoted prices for similar assets or liabilities other than quoted
         prices in Level 1, quoted prices in markets that are not active, or
         other significant inputs that are observable or can be derived
         principally from or corroborated by observable market data for
         substantially the full term of the assets or liabilities.

Level 3  Unobservable inputs that are supported by little or no market
         activity and are significant to the determination of estimated fair
         value of the assets or liabilities. Unobservable inputs reflect the
         reporting entity's own assumptions about the assumptions that market
         participants would use in pricing the asset or liability.

   Financial markets are susceptible to severe events evidenced by rapid
depreciation in asset values accompanied by a reduction in asset liquidity. The
Company's ability to sell securities, as well as the price ultimately realized
for these securities, depends upon the demand and liquidity in the market and
increases the use of judgment in determining the estimated fair value of
certain securities.

   Considerable judgment is often required in interpreting market data to
develop estimates of fair value, and the use of different assumptions or
valuation methodologies may have a material effect on the estimated fair value
amounts.

                                    MLIC-84

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


Recurring Fair Value Measurements

   The assets and liabilities measured at estimated fair value on a recurring
basis and their corresponding placement in the fair value hierarchy, including
those items for which the Company has elected the FVO, are presented below at:

                                                                      December 31, 2019
                                            ---------------------------------------------------------------------
                                                           Fair Value Hierarchy
                                            ---------------------------------------------------
                                                                                                     Total
                                                                                                   Estimated
                                                Level 1           Level 2          Level 3         Fair Value
                                            ---------------- ----------------- ---------------- -----------------
                                                                        (In millions)
Assets
Fixed maturity securities AFS:
U.S. corporate.............................  $            --  $         53,975  $         4,484  $         58,459
Foreign corporate..........................               --            25,403            4,898            30,301
U.S. government and agency.................           11,484            17,764               --            29,248
RMBS.......................................                3            20,158            2,612            22,773
ABS........................................               --             9,459              742            10,201
Municipals.................................               --             7,849                7             7,856
CMBS.......................................               --             5,679               41             5,720
Foreign government.........................               --             4,996               10             5,006
                                            ---------------- ----------------- ---------------- -----------------
  Total fixed maturity securities AFS......           11,487           145,283           12,794           169,564
                                            ---------------- ----------------- ---------------- -----------------
Short-term investments.....................            1,077               789               17             1,883
Residential mortgage loans -- FVO..........               --                --              188               188
Other investments..........................              396                56              799             1,251
Derivative assets: (1)
Interest rate..............................               --             5,690               80             5,770
Foreign currency exchange rate.............               --             1,642               --             1,642
Credit.....................................               --               172               32               204
Equity market..............................               --               439               25               464
                                            ---------------- ----------------- ---------------- -----------------
  Total derivative assets..................               --             7,943              137             8,080
                                            ---------------- ----------------- ---------------- -----------------
Separate account assets (2)................           22,753            94,192              922           117,867
                                            ---------------- ----------------- ---------------- -----------------
  Total assets (3).........................  $        35,713  $        248,263  $        14,857  $        298,833
                                            ================ ================= ================ =================
Liabilities
Derivative liabilities: (1)
Interest rate..............................  $            --  $            167  $           191  $            358
Foreign currency exchange rate.............               --             1,225               --             1,225
Credit.....................................               --                11                1                12
Equity market..............................                5               485               17               507
                                            ---------------- ----------------- ---------------- -----------------
  Total derivative liabilities.............                5             1,888              209             2,102
                                            ---------------- ----------------- ---------------- -----------------
Embedded derivatives within liability host
 contracts (4).............................               --                --            1,325             1,325
Separate account liabilities (2)...........                1                14                7                22
                                            ---------------- ----------------- ---------------- -----------------
  Total liabilities........................  $             6  $          1,902  $         1,541  $          3,449
                                            ================ ================= ================ =================

                                    MLIC-85

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


                                                                      December 31, 2018
                                            ---------------------------------------------------------------------
                                                           Fair Value Hierarchy
                                            ---------------------------------------------------
                                                                                                     Total
                                                                                                   Estimated
                                                Level 1           Level 2          Level 3         Fair Value
                                            ---------------- ----------------- ---------------- -----------------
                                                                        (In millions)
Assets
Fixed maturity securities AFS:
U.S. corporate.............................  $            --  $         51,676  $         3,126  $         54,802
Foreign corporate..........................               --            21,988            3,975            25,963
U.S. government and agency.................           12,310            17,851               --            30,161
RMBS.......................................               --            19,719            3,018            22,737
ABS........................................               --             8,072              455             8,527
Municipals.................................               --             6,947               --             6,947
CMBS.......................................               --             5,376               68             5,444
Foreign government.........................               --             4,482               10             4,492
                                            ---------------- ----------------- ---------------- -----------------
  Total fixed maturity securities AFS......           12,310           136,111           10,652           159,073
                                            ---------------- ----------------- ---------------- -----------------
Short-term investments.....................              698               783               25             1,506
Residential mortgage loans -- FVO..........               --                --              299               299
Other investments..........................              341                77              571               989
Derivative assets: (1)
Interest rate..............................               --             4,284               33             4,317
Foreign currency exchange rate.............               --             1,982               --             1,982
Credit.....................................               --                62               29                91
Equity market..............................                1               776               51               828
                                            ---------------- ----------------- ---------------- -----------------
  Total derivative assets..................                1             7,104              113             7,218
                                            ---------------- ----------------- ---------------- -----------------
Separate account assets (2)................           20,558            89,348              944           110,850
                                            ---------------- ----------------- ---------------- -----------------
  Total assets (3).........................  $        33,908  $        233,423  $        12,604  $        279,935
                                            ================ ================= ================ =================
Liabilities
Derivative liabilities: (1)
Interest rate..............................  $             1  $             89  $           218  $            308
Foreign currency exchange rate.............               --             1,410                1             1,411
Credit.....................................               --                13                4                17
Equity market..............................                6               395               82               483
                                            ---------------- ----------------- ---------------- -----------------
  Total derivative liabilities.............                7             1,907              305             2,219
                                            ---------------- ----------------- ---------------- -----------------
Embedded derivatives within liability host
 contracts (4).............................               --                --              704               704
Separate account liabilities (2)...........                1                20                7                28
                                            ---------------- ----------------- ---------------- -----------------
  Total liabilities........................  $             8  $          1,927  $         1,016  $          2,951
                                            ================ ================= ================ =================
----------

(1)Derivative assets are presented within other invested assets on the
   consolidated balance sheets and derivative liabilities are presented within
   other liabilities on the consolidated balance sheets. The amounts are
   presented gross in the tables above to reflect the presentation on the
   consolidated balance sheets, but are presented net for purposes of the
   rollforward in the Fair Value Measurements Using Significant Unobservable
   Inputs (Level 3) tables.

(2)Investment performance related to separate account assets is fully offset by
   corresponding amounts credited to contractholders whose liability is
   reflected within separate account liabilities. Separate account liabilities
   are set equal to the estimated fair value of separate account assets.
   Separate account liabilities presented in the tables above represent
   derivative liabilities.

                                    MLIC-86

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


(3)Total assets included in the fair value hierarchy exclude other limited
   partnership interests that are measured at estimated fair value using the
   net asset value ("NAV") per share (or its equivalent) practical expedient.
   At December 31, 2019 and 2018, the estimated fair value of such investments
   was $90 million and $140 million, respectively.

(4)Embedded derivatives within liability host contracts are presented within
   policyholder account balances and other liabilities on the consolidated
   balance sheets.

  The following describes the valuation methodologies used to measure assets
and liabilities at fair value.

  Investments

   Securities, Short-term Investments and Other Investments

      When available, the estimated fair value of these financial instruments
   is based on quoted prices in active markets that are readily and regularly
   obtainable. Generally, these are the most liquid of the Company's securities
   holdings and valuation of these securities does not involve management's
   judgment.

      When quoted prices in active markets are not available, the determination
   of estimated fair value is based on market standard valuation methodologies,
   giving priority to observable inputs. The significant inputs to the market
   standard valuation methodologies for certain types of securities with
   reasonable levels of price transparency are inputs that are observable in
   the market or can be derived principally from, or corroborated by,
   observable market data. When observable inputs are not available, the market
   standard valuation methodologies rely on inputs that are significant to the
   estimated fair value that are not observable in the market or cannot be
   derived principally from, or corroborated by, observable market data. These
   unobservable inputs can be based in large part on management's judgment or
   estimation and cannot be supported by reference to market activity. Even
   though these inputs are unobservable, management believes they are
   consistent with what other market participants would use when pricing such
   securities and are considered appropriate given the circumstances.

      The estimated fair value of other investments is determined on a basis
   consistent with the methodologies described herein for securities.

      The valuation approaches and key inputs for each category of assets or
   liabilities that are classified within Level 2 and Level 3 of the fair value
   hierarchy are presented below. The primary valuation approaches are the
   market approach, which considers recent prices from market transactions
   involving identical or similar assets or liabilities, and the income
   approach, which converts expected future amounts (e.g. cash flows) to a
   single current, discounted amount. The valuation of most instruments listed
   below is determined using independent pricing sources, matrix pricing,
   discounted cash flow methodologies or other similar techniques that use
   either observable market inputs or unobservable inputs.

                                    MLIC-87

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


 -----------------------------------------------------------------------------
                                                          Level 3
 Instrument     Level 2 Observable Inputs           Unobservable Inputs
 -----------------------------------------------------------------------------
 Fixed maturity securities AFS
 -----------------------------------------------------------------------------
  U.S. corporate and Foreign corporate securities
 -----------------------------------------------------------------------------
             Valuation Approaches:            Valuation Approaches:
              Principally the market and      Principally the market approach.
              income approaches.
             Key Inputs:                      Key Inputs:
             . quoted prices in markets that  . illiquidity premium
               are not active
             . benchmark yields; spreads off  . delta spread adjustments to
               benchmark yields; new            reflect specific
               issuances; issuer ratings        credit-related issues
             . trades of identical or         . credit spreads
               comparable securities;
               duration
             . privately-placed securities    . quoted prices in markets that
               are valued using the             are not active for identical
               additional key inputs:           or similar securities that
             . market yield curve; call         are less liquid and based on
               provisions                       lower levels of trading
             . observable prices and spreads    activity than securities
               for similar public or private    classified in Level 2
               securities that incorporate    . independent non-binding
               the credit quality and           broker quotations
               industry sector of the issuer
             . delta spread adjustments to
               reflect specific
               credit-related issues
 -----------------------------------------------------------------------------
  U.S. government and agency securities, Municipals and Foreign government
   securities
 -----------------------------------------------------------------------------
             Valuation Approaches:            Valuation Approaches:
             Principally the market approach. Principally the market approach.
             Key Inputs:                      Key Inputs:
             . quoted prices in markets that  . independent non-binding
               are not active                   broker quotations
             . benchmark U.S. Treasury yield  . quoted prices in markets that
               or other yields                  are not active for identical
                                                or similar securities that
                                                are less liquid and based on
             . the spread off the U.S.          lower levels of trading
               Treasury yield curve for the     activity than securities
               identical security               classified in Level 2
             . issuer ratings and issuer
               spreads; broker-dealer quotes  . credit spreads
             . comparable securities that
               are actively traded
 -----------------------------------------------------------------------------
  Structured Products
 -----------------------------------------------------------------------------
             Valuation Approaches:            Valuation Approaches:
             Principally the market and       Principally the market and
             income approaches.               income approaches.
             Key Inputs:                      Key Inputs:
             . quoted prices in markets that
               are not active                 . credit spreads
             . spreads for actively traded    . quoted prices in markets that
               securities; spreads off          are not active for identical
               benchmark yields                 or similar securities that
             . expected prepayment speeds       are less liquid and based on
               and volumes                      lower levels of trading
             . current and forecasted loss      activity than securities
               severity; ratings; geographic    classified in Level 2
               region                         . independent non-binding
             . weighted average coupon and      broker quotations
               weighted average maturity      . credit ratings
             . average delinquency rates;
               debt-service coverage ratios
             . credit ratings
             . issuance-specific
               information, including, but
               not limited to:
             . collateral type; structure of
               the security; vintage of the
               loans
             . payment terms of the
               underlying assets
             . payment priority within the
               tranche; deal performance
 -----------------------------------------------------------------------------

                                    MLIC-88

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


 -----------------------------------------------------------------------------
                         Level 2                          Level 3
 Instrument         Observable Inputs               Unobservable Inputs
 -----------------------------------------------------------------------------
 Short-term investments and Other investments
 -----------------------------------------------------------------------------
             .  Certain short-term            .  Certain short-term
                investments and other            investments and other
                investments are of a similar     investments are of a similar
                nature and class to the          nature and class to the
                fixed maturity securities        fixed maturity securities
                AFS described above; while       AFS described above. The
                certain other investments        valuation approaches and
                are similar to equity            unobservable inputs used in
                securities. The valuation        their valuation are also
                approaches and observable        similar to those described
                inputs used in their             above. Other investments
                valuation are also similar       contain equity securities
                to those described above.        with key unobservable inputs
                                                 such as credit ratings;
                                                 issuance structures, in
                                                 addition to those described
                                                 above for fixed maturities
                                                 AFS. .
 -----------------------------------------------------------------------------
 Residential mortgage loans -- FVO
 -----------------------------------------------------------------------------
             . N/A                            Valuation Approaches:
                                               Principally the market
                                               approach.
                                              Valuation Techniques and Key
                                                 Inputs: These investments
                                                 are based primarily on
                                                 matrix pricing or other
                                                 similar techniques that
                                                 utilize inputs from mortgage
                                                 servicers that are
                                                 unobservable or cannot be
                                                 derived principally from, or
                                                 corroborated by, observable
                                                 market data.
 -----------------------------------------------------------------------------
 Separate account assets and Separate account liabilities (1)
 -----------------------------------------------------------------------------
  Mutual funds and hedge funds without readily determinable fair values as
   prices are not published publicly
 -----------------------------------------------------------------------------
             Key Input:                       . N/A
             .  quoted prices or reported
                       NAV provided by the
                       fund managers
 -----------------------------------------------------------------------------
  Other limited partnership interests
 -----------------------------------------------------------------------------
             . N/A                            Valued giving consideration to
                                                the underlying holdings
                                               of the partnerships and
                                                adjusting, if appropriate.
                                              Key Inputs:
                                              . liquidity; bid/ask spreads;
                                                performance record of the
                                                fund manager
                                              . other relevant variables that
                                                may impact the exit value of
                                                the particular partnership
                                                interest
 -----------------------------------------------------------------------------

-------------

(1)Estimated fair value equals carrying value, based on the value of the
   underlying assets, including: mutual fund interests, fixed maturity
   securities, equity securities, derivatives, hedge funds, other limited
   partnership interests, short-term investments and cash and cash equivalents.
   Fixed maturity securities, equity securities, derivatives, short-term
   investments and cash and cash equivalents are similar in nature to the
   instruments described under "-- Securities, Short-term Investments and Other
   Investments" and "-- Derivatives -- Freestanding Derivatives."

  Derivatives

    The estimated fair value of derivatives is determined through the use of
  quoted market prices for exchange-traded derivatives, or through the use of
  pricing models for OTC-bilateral and OTC-cleared derivatives. The
  determination of estimated fair value, when quoted market values are not
  available, is based on market standard valuation methodologies and inputs
  that management believes are consistent with what other market participants
  would use when pricing such instruments. Derivative valuations can be
  affected by changes in interest rates, foreign currency exchange rates,
  financial indices, credit spreads, default risk, nonperformance risk,
  volatility, liquidity and changes in estimates and assumptions used in the
  pricing models.

    The significant inputs to the pricing models for most OTC-bilateral and
  OTC-cleared derivatives are inputs that are observable in the market or can
  be derived principally from, or corroborated by, observable market data.
  Certain OTC-bilateral and OTC-cleared derivatives may rely on inputs that are
  significant to the estimated fair value that are not observable in the market
  or cannot be derived principally from, or corroborated by, observable market
  data. These unobservable inputs may involve significant management judgment
  or estimation. Even though unobservable, these inputs are based on
  assumptions deemed appropriate given the circumstances and management
  believes they are consistent with what other market participants would use
  when pricing such instruments.

    Most inputs for OTC-bilateral and OTC-cleared derivatives are mid-market
  inputs but, in certain cases, liquidity adjustments are made when they are
  deemed more representative of exit value. Market liquidity, as well as the
  use of different methodologies, assumptions and inputs, may have a material
  effect on the estimated fair values of the Company's derivatives and could
  materially affect net income.

                                    MLIC-89

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


    The credit risk of both the counterparty and the Company are considered in
  determining the estimated fair value for all OTC-bilateral and OTC-cleared
  derivatives, and any potential credit adjustment is based on the net exposure
  by counterparty after taking into account the effects of netting agreements
  and collateral arrangements. The Company values its OTC-bilateral and
  OTC-cleared derivatives using standard swap curves which may include a spread
  to the risk-free rate, depending upon specific collateral arrangements. This
  credit spread is appropriate for those parties that execute trades at pricing
  levels consistent with similar collateral arrangements. As the Company and
  its significant derivative counterparties generally execute trades at such
  pricing levels and hold sufficient collateral, additional credit risk
  adjustments are not currently required in the valuation process. The
  Company's ability to consistently execute at such pricing levels is in part
  due to the netting agreements and collateral arrangements that are in place
  with all of its significant derivative counterparties. An evaluation of the
  requirement to make additional credit risk adjustments is performed by the
  Company each reporting period.

  Freestanding Derivatives

   Level 2 Valuation Approaches and Key Inputs:

    This level includes all types of derivatives utilized by the Company with
  the exception of exchange-traded derivatives included within Level 1 and
  those derivatives with unobservable inputs as described in Level 3.

   Level 3 Valuation Approaches and Key Inputs:

    These valuation methodologies generally use the same inputs as described in
  the corresponding sections for Level 2 measurements of derivatives. However,
  these derivatives result in Level 3 classification because one or more of the
  significant inputs are not observable in the market or cannot be derived
  principally from, or corroborated by, observable market data.

    Freestanding derivatives are principally valued using the income approach.
  Valuations of non-option-based derivatives utilize present value techniques,
  whereas valuations of option-based derivatives utilize option pricing models.
  Key inputs are as follows:

                                                            Foreign
       Instrument              Interest Rate         Currency Exchange Rate            Credit                Equity Market
---------------------------------------------------------------------------------------------------------------------------------
Inputs common to          . swap yield curves       .swap yield curves        .swap yield curves        .swap yield curves
 Level 2 and Level 3      . basis curves            .basis curves             .credit curves            .spot equity index levels
 by instrument type       . interest rate           .currency spot rates      .recovery rates           .dividend yield curves
                            volatility (1)          .cross currency basis                               .equity volatility (1)
                                                     curves
---------------------------------------------------------------------------------------------------------------------------------
Level 3                   . swap yield curves (2)   .swap yield curves (2)    .swap yield curves (2)    .dividend yield curves
                          . basis curves (2)        .basis curves (2)         .credit curves (2)         (2)
                          . repurchase rates        .cross currency basis     .credit spreads           .equity volatility (1),
                                                     curves (2)               .repurchase rates          (2)
                                                    .currency correlation     .independent non-binding  .correlation between
                                                                                broker quotations         model inputs (1)

-------------

(1)Option-based only.

(2)Extrapolation beyond the observable limits of the curve(s).

                                    MLIC-90

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


  Embedded Derivatives

     Embedded derivatives principally include certain direct and assumed
  variable annuity guarantees, annuity contracts, and investment risk within
  funds withheld related to certain reinsurance agreements. Embedded
  derivatives are recorded at estimated fair value with changes in estimated
  fair value reported in net income.

     The Company issues certain variable annuity products with guaranteed
  minimum benefits. GMWBs, GMABs and certain GMIBs contain embedded
  derivatives, which are measured at estimated fair value separately from the
  host variable annuity contract, with changes in estimated fair value reported
  in net derivative gains (losses). These embedded derivatives are classified
  within policyholder account balances on the consolidated balance sheets.

     The Company calculates the fair value of these embedded derivatives, which
  are estimated as the present value of projected future benefits minus the
  present value of projected future fees using actuarial and capital market
  assumptions including expectations concerning policyholder behavior. The
  calculation is based on in-force business, projecting future cash flows from
  the embedded derivative over multiple risk neutral stochastic scenarios using
  observable risk-free rates.

     Capital market assumptions, such as risk-free rates and implied
  volatilities, are based on market prices for publicly traded instruments to
  the extent that prices for such instruments are observable. Implied
  volatilities beyond the observable period are extrapolated based on
  observable implied volatilities and historical volatilities. Actuarial
  assumptions, including mortality, lapse, withdrawal and utilization, are
  unobservable and are reviewed at least annually based on actuarial studies of
  historical experience.

     The valuation of these guarantee liabilities includes nonperformance risk
  adjustments and adjustments for a risk margin related to non-capital market
  inputs. The nonperformance adjustment is determined by taking into
  consideration publicly available information relating to spreads in the
  secondary market for MetLife, Inc.'s debt, including related credit default
  swaps. These observable spreads are then adjusted, as necessary, to reflect
  the priority of these liabilities and the claims paying ability of the
  issuing insurance subsidiaries as compared to MetLife, Inc.

     Risk margins are established to capture the non-capital market risks of
  the instrument which represent the additional compensation a market
  participant would require to assume the risks related to the uncertainties of
  such actuarial assumptions as annuitization, premium persistency, partial
  withdrawal and surrenders. The establishment of risk margins requires the use
  of significant management judgment, including assumptions of the amount and
  cost of capital needed to cover the guarantees. These guarantees may be more
  costly than expected in volatile or declining equity markets. Market
  conditions including, but not limited to, changes in interest rates, equity
  indices, market volatility and foreign currency exchange rates; changes in
  nonperformance risk; and variations in actuarial assumptions regarding
  policyholder behavior, mortality and risk margins related to non-capital
  market inputs, may result in significant fluctuations in the estimated fair
  value of the guarantees that could materially affect net income.

     The estimated fair value of the embedded derivatives within funds withheld
  related to certain ceded reinsurance is determined based on the change in
  estimated fair value of the underlying assets held by the Company in a
  reference portfolio backing the funds withheld liability. The estimated fair
  value of the underlying assets is determined as described in "-- Investments
  -- Securities, Short-term Investments and Other Investments." The estimated
  fair value of these embedded derivatives is included, along with their funds
  withheld hosts, in other liabilities on the consolidated balance sheets with
  changes in estimated fair value recorded in net derivative gains (losses).
  Changes in the credit spreads on the underlying assets, interest rates and
  market volatility may result in significant fluctuations in the estimated
  fair value of these embedded derivatives that could materially affect net
  income.

   Embedded Derivatives Within Asset and Liability Host Contracts

    Level 3 Valuation Approaches and Key Inputs:

      Direct and assumed guaranteed minimum benefits

         These embedded derivatives are principally valued using the income
      approach. Valuations are based on option pricing techniques, which
      utilize significant inputs that may include swap yield curves, currency
      exchange rates and implied volatilities. These embedded derivatives
      result in Level 3 classification because one or more of the significant

                                    MLIC-91

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)

      inputs are not observable in the market or cannot be derived principally
      from, or corroborated by, observable market data. Significant
      unobservable inputs generally include: the extrapolation beyond
      observable limits of the swap yield curves and implied volatilities,
      actuarial assumptions for policyholder behavior and mortality and the
      potential variability in policyholder behavior and mortality,
      nonperformance risk and cost of capital for purposes of calculating the
      risk margin.

      Embedded derivatives within funds withheld related to certain ceded
      reinsurance

         These embedded derivatives are principally valued using the income
      approach. The valuations are based on present value techniques, which
      utilize significant inputs that may include the swap yield curves and the
      fair value of assets within the reference portfolio. These embedded
      derivatives result in Level 3 classification because one or more of the
      significant inputs are not observable in the market or cannot be derived
      principally from, or corroborated by, observable market data. Significant
      unobservable inputs generally include the fair value of certain assets
      within the reference portfolio which are not observable in the market and
      cannot be derived principally from, or corroborated by, observable market
      data.

Transfers between Levels

   Overall, transfers between levels occur when there are changes in the
 observability of inputs and market activity.

  Transfers into or out of Level 3:

      Assets and liabilities are transferred into Level 3 when a significant
   input cannot be corroborated with market observable data. This occurs when
   market activity decreases significantly and underlying inputs cannot be
   observed, current prices are not available, and/or when there are
   significant variances in quoted prices, thereby affecting transparency.
   Assets and liabilities are transferred out of Level 3 when circumstances
   change such that a significant input can be corroborated with market
   observable data. This may be due to a significant increase in market
   activity, a specific event, or one or more significant input(s) becoming
   observable.

                                    MLIC-92

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


  Assets and Liabilities Measured at Fair Value Using Significant Unobservable
  Inputs (Level 3)

    The following table presents certain quantitative information about the
  significant unobservable inputs used in the fair value measurement, and the
  sensitivity of the estimated fair value to changes in those inputs, for the
  more significant asset and liability classes measured at fair value on a
  recurring basis using significant unobservable inputs (Level 3) at:

                                                                                 December 31, 2019
                                                                           -----------------------------
                                                     Significant                                 Weighted
                       Valuation Techniques      Unobservable Inputs             Range          Average (1)
                     ------------------------  ------------------------    ----------------     -----------
Fixed maturity securities AFS (3)
U.S. corporate and
 foreign corporate.. .  Matrix pricing         .  Offered quotes (4)         5     -      145       110
                     .  Market pricing         .  Quoted prices (4)          25    -      131       101
                     ---------------------------------------------------------------------------------------
RMBS................ .  Market pricing         .  Quoted prices (4)          --    -      119       95
                     ---------------------------------------------------------------------------------------
ABS................. .  Market pricing         .  Quoted prices (4)          8     -      101       98
                     ---------------------------------------------------------------------------------------
Derivatives
Interest rate....... .  Present value          .  Swap yield (6)            190    -      251
                        techniques
                                               .  Repurchase rates (8)      (6)    -       6
                     ---------------------------------------------------------------------------------------
Foreign currency     .  Present                .  Swap yield (6)            (22)   -      (5)
 exchange rate......    value techniques
                     ---------------------------------------------------------------------------------------
Credit.............. .  Present                .  Credit spreads (9)         96    -      100
                        value techniques
                     .  Consensus pricing      .  Offered quotes (10)
                     ---------------------------------------------------------------------------------------
Equity market....... .  Present                .  Volatility (11)           14%    -      23%
                        value techniques
                        or option
                        pricing models
                                               .  Correlation (12)          10%    -      30%
                     ---------------------------------------------------------------------------------------
Embedded derivatives
Direct and assumed   .  Option                 .  Mortality rates:
 guaranteed minimum     pricing techniques
 benefits...........
                                                   Ages 0 - 40             0.01%   -     0.18%
                                                   Ages 41 - 60            0.04%   -     0.57%
                                                   Ages 61 - 115           0.26%   -      100%
                                               .  Lapse rates:
                                                   Durations 1 - 10        0.25%   -      100%
                                                   Durations 11 - 20         3%    -      100%
                                                   Durations 21 - 116        2%    -      100%
                                               .  Utilization rates          0%    -      22%
                                               .  Withdrawal rates         0.25%   -      10%
                                               .  Long-term equity         16.24%  -     21.65%
                                                    volatilities
                                               .  Nonperformance           0.03%   -     0.43%
                                                  risk spread
                                                                                December 31, 2018           Impact of
                                                                           ----------------------------  Increase in Input
                                                     Significant                              Weighted     on Estimated
                       Valuation Techniques      Unobservable Inputs            Range        Average (1)  Fair Value (2)
                     ------------------------  ------------------------    ---------------   ----------- -----------------
Fixed maturity securities AFS (3)
U.S. corporate and
 foreign corporate.. .  Matrix pricing         .  Offered quotes (4)         85    -    134      105        Increase
                     .  Market pricing         .  Quoted prices (4)          25    -    638      107        Increase
                     ------------------------------------------------------------------------------------------------------
RMBS................ .  Market pricing         .  Quoted prices (4)          --    -    106      94       Increase (5)
                     ------------------------------------------------------------------------------------------------------
ABS................. .  Market pricing         .  Quoted prices (4)          10    -    101      97       Increase (5)
                     ------------------------------------------------------------------------------------------------------
Derivatives
Interest rate....... .  Present value          .  Swap yield (6)            268    -    317               Increase (7)
                        techniques
                                               .  Repurchase rates (8)      (5)    -     6                Decrease (7)
                     ------------------------------------------------------------------------------------------------------
Foreign currency     .  Present                .  Swap yield (6)            (20)   -    (5)               Increase (7)
 exchange rate......    value techniques
                     ------------------------------------------------------------------------------------------------------
Credit.............. .  Present                .  Credit spreads (9)         97    -    103               Decrease (7)
                        value techniques
                     .  Consensus pricing      .  Offered quotes (10)
                     ------------------------------------------------------------------------------------------------------
Equity market....... .  Present                .  Volatility (11)           21%    -    26%               Increase (7)
                        value techniques
                        or option
                        pricing models
                                               .  Correlation (12)          10%    -    30%
                     ------------------------------------------------------------------------------------------------------
Embedded derivatives
Direct and assumed   .  Option                 .  Mortality rates:
 guaranteed minimum     pricing techniques
 benefits...........
                                                   Ages 0 - 40             0.01%   -   0.18%              Decrease (13)
                                                   Ages 41 - 60            0.04%   -   0.57%              Decrease (13)
                                                   Ages 61 - 115           0.26%   -   100%               Decrease (13)
                                               .  Lapse rates:
                                                   Durations 1 - 10        0.25%   -   100%               Decrease (14)
                                                   Durations 11 - 20         3%    -   100%               Decrease (14)
                                                   Durations 21 - 116       2.5%   -   100%               Decrease (14)
                                               .  Utilization rates          0%    -    25%               Increase (15)
                                               .  Withdrawal rates         0.25%   -    10%                 (16)
                                               .  Long-term equity         16.50%  -    22%               Increase (17)
                                                    volatilities
                                               .  Nonperformance           0.05%   -   0.59%              Decrease (18)
                                                  risk spread

--------

(1) The weighted average for fixed maturity securities AFS is determined based
    on the estimated fair value of the securities.

(2) The impact of a decrease in input would have resulted in the opposite
    impact on estimated fair value. For embedded derivatives, changes to direct
    and assumed guaranteed minimum benefits are based on liability positions.

(3) Significant increases (decreases) in expected default rates in isolation
    would have resulted in substantially lower (higher) valuations.

(4) Range and weighted average are presented in accordance with the market
    convention for fixed maturity securities AFS of dollars per hundred dollars
    of par.

(5) Changes in the assumptions used for the probability of default would have
    been accompanied by a directionally similar change in the assumption used
    for the loss severity and a directionally opposite change in the
    assumptions used for prepayment rates.

(6) Ranges represent the rates across different yield curves and are presented
    in basis points. The swap yield curves are utilized among different types
    of derivatives to project cash flows, as well as to discount future cash
    flows to present value. Since this valuation methodology uses a range of
    inputs across a yield curve to value the derivative, presenting a range is
    more representative of the unobservable input used in the valuation.

                                    MLIC-93

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


(7) Changes in estimated fair value are based on long U.S. dollar net asset
    positions and will be inversely impacted for short U.S. dollar net asset
    positions.

(8) Ranges represent different repurchase rates utilized as components within
    the valuation methodology and are presented in basis points.

(9) Represents the risk quoted in basis points of a credit default event on the
    underlying instrument. Credit derivatives with significant unobservable
    inputs are primarily comprised of written credit default swaps.

(10)At both December 31, 2019 and 2018, independent non-binding broker
    quotations were used in the determination of less than 1% of the total net
    derivative estimated fair value.

(11)Ranges represent the underlying equity volatility quoted in percentage
    points. Since this valuation methodology uses a range of inputs across
    multiple volatility surfaces to value the derivative, presenting a range is
    more representative of the unobservable input used in the valuation.

(12)Ranges represent the different correlation factors utilized as components
    within the valuation methodology. Presenting a range of correlation factors
    is more representative of the unobservable input used in the valuation.
    Increases (decreases) in correlation in isolation will increase (decrease)
    the significance of the change in valuations.

(13)Mortality rates vary by age and by demographic characteristics such as
    gender. Mortality rate assumptions are based on company experience. A
    mortality improvement assumption is also applied. For any given contract,
    mortality rates vary throughout the period over which cash flows are
    projected for purposes of valuing the embedded derivative.

(14)Base lapse rates are adjusted at the contract level based on a comparison
    of the actuarially calculated guaranteed values and the current
    policyholder account value, as well as other factors, such as the
    applicability of any surrender charges. A dynamic lapse function reduces
    the base lapse rate when the guaranteed amount is greater than the account
    value as in the money contracts are less likely to lapse. Lapse rates are
    also generally assumed to be lower in periods when a surrender charge
    applies. For any given contract, lapse rates vary throughout the period
    over which cash flows are projected for purposes of valuing the embedded
    derivative.

(15)The utilization rate assumption estimates the percentage of contractholders
    with a GMIB or lifetime withdrawal benefit who will elect to utilize the
    benefit upon becoming eligible. The rates may vary by the type of
    guarantee, the amount by which the guaranteed amount is greater than the
    account value, the contract's withdrawal history and by the age of the
    policyholder. For any given contract, utilization rates vary throughout the
    period over which cash flows are projected for purposes of valuing the
    embedded derivative.

(16)The withdrawal rate represents the percentage of account balance that any
    given policyholder will elect to withdraw from the contract each year. The
    withdrawal rate assumption varies by age and duration of the contract, and
    also by other factors such as benefit type. For any given contract,
    withdrawal rates vary throughout the period over which cash flows are
    projected for purposes of valuing the embedded derivative. For GMWBs, any
    increase (decrease) in withdrawal rates results in an increase (decrease)
    in the estimated fair value of the guarantees. For GMABs and GMIBs, any
    increase (decrease) in withdrawal rates results in a decrease (increase) in
    the estimated fair value.

(17)Long-term equity volatilities represent equity volatility beyond the period
    for which observable equity volatilities are available. For any given
    contract, long-term equity volatility rates vary throughout the period over
    which cash flows are projected for purposes of valuing the embedded
    derivative.

(18)Nonperformance risk spread varies by duration and by currency. For any
    given contract, multiple nonperformance risk spreads will apply, depending
    on the duration of the cash flow being discounted for purposes of valuing
    the embedded derivative.

     Generally, all other classes of assets and liabilities classified within
  Level 3 that are not included in the preceding table use the same valuation
  techniques and significant unobservable inputs as previously described for
  Level 3. The sensitivity of the estimated fair value to changes in the
  significant unobservable inputs for these other assets and liabilities is
  similar in nature to that described in the preceding table. The valuation
  techniques and significant unobservable inputs used in the fair value
  measurement for the more significant assets measured at estimated fair value
  on a nonrecurring basis and determined using significant unobservable inputs
  (Level 3) are summarized in "-- Nonrecurring Fair Value Measurements."

                                    MLIC-94

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


     The following tables summarize the change of all assets (liabilities)
  measured at estimated fair value on a recurring basis using significant
  unobservable inputs (Level 3):

                                         Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
                                         ----------------------------------------------------------------------
                                                    Fixed Maturity Securities AFS
                                         --------------------------------------------------------
                                                           Structured                   Foreign     Short-term
                                          Corporate (1)     Products      Municipals   Government   Investments
                                         --------------   ------------   -----------  -----------  ------------
                                                                   (In millions)
Balance, January 1, 2018................  $      7,586    $      4,076    $     --     $      31    $       7
Total realized/unrealized gains
 (losses) included in net income (loss)
 (2) (3)................................             2              79          --             1           --
Total realized/unrealized gains
 (losses) included in AOCI..............          (463)            (31)         --            (1)          --
Purchases (4)...........................         1,377             752          --            --           24
Sales (4)...............................        (1,241)           (755)         --           (21)          (1)
Issuances (4)...........................            --              --          --            --           --
Settlements (4).........................            --              --          --            --           --
Transfers into Level 3 (5)..............           151              58          --            --           --
Transfers out of Level 3 (5)............          (311)           (638)         --            --           (5)
                                          ------------    ------------    --------     ---------    ---------
Balance, December 31, 2018..............         7,101           3,541          --            10           25
Total realized/unrealized gains
 (losses) included in net income (loss)
 (2) (3)................................           (41)             43          --            --           --
Total realized/unrealized gains
 (losses) included in AOCI..............           564              30          --            --           --
Purchases (4)...........................         2,335             703           7             1           17
Sales (4)...............................          (699)           (538)         --            (2)         (25)
Issuances (4)...........................            --              --          --            --           --
Settlements (4).........................            --              --          --            --           --
Transfers into Level 3 (5)..............           504              --          --             1           --
Transfers out of Level 3 (5)............          (382)           (384)         --            --           --
                                          ------------    ------------    --------     ---------    ---------
Balance, December 31, 2019..............  $      9,382    $      3,395    $      7     $      10    $      17
                                          ============    ============    ========     =========    =========
Changes in unrealized gains (losses)
 included in net income (loss) for the
 instruments still held at December 31,
 2017: (6)..............................  $         (7)   $         83    $     --     $      --    $      --
                                          ============    ============    ========     =========    =========
Changes in unrealized gains (losses)
 included in net income (loss) for the
 instruments still held at December 31,
 2018: (6)..............................  $         (5)   $         68    $     --     $      --    $      --
                                          ============    ============    ========     =========    =========
Changes in unrealized gains (losses)
 included in net income (loss) for the
 instruments still held at December 31,
 2019: (6)..............................  $        (34)   $         42    $     --     $      --    $      --
                                          ============    ============    ========     =========    =========
Gains (Losses) Data for the year ended
 December 31, 2017
Total realized/unrealized gains
 (losses) included in net income (loss)
 (2) (3)................................  $         (2)   $         95    $     --     $      --    $      --
Total realized/unrealized gains
 (losses) included in AOCI..............  $        416    $        109    $     --     $      --    $      --

                                    MLIC-95

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


                               Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
                               ----------------------------------------------------------------------
                                                                              Net
                               Residential                      Net        Embedded       Separate
                                Mortgage         Other      Derivatives   Derivatives     Accounts
                               Loans - FVO    Investments       (7)           (8)           (9)
                               -----------    -----------   -----------   -----------     ----------
                                                      (In millions)
Balance, January 1, 2018...... $      520     $      366    $     (191)   $      (876)   $      958
Total realized/unrealized
 gains (losses) included in
 net income (loss) (2) (3)....          7             (8)          (69)           376             7
Total realized/unrealized
 gains (losses) included in
 AOCI.........................         --             --          (110)            --            --
Purchases (4).................         --            199             4             --           198
Sales (4).....................       (162)           (28)           --             --          (168)
Issuances (4).................         --             --            (1)            --            (3)
Settlements (4)...............        (66)            --           175           (204)           (1)
Transfers into Level 3 (5)....         --             52            --             --            53
Transfers out of Level 3 (5)..         --            (10)           --             --          (107)
                               ----------     ----------    ----------     -----------    ----------
Balance, December 31, 2018....        299            571          (192)          (704)          937
Total realized/unrealized
 gains (losses) included in
 net income (loss) (2) (3)....          7             94           (36)          (429)            7
Total realized/unrealized
 gains (losses) included in
 AOCI.........................         --             --           161             --            --
Purchases (4).................         --            232             4             --           126
Sales (4).....................        (87)           (98)           --             --          (151)
Issuances (4).................         --             --            (1)            --            (3)
Settlements (4)...............        (31)            --            (8)          (192)            2
Transfers into Level 3 (5)....         --             --            --             --            --
Transfers out of Level 3 (5)..         --             --            --             --            (3)
                               ----------     ----------    ----------     -----------    ----------
Balance, December 31, 2019.... $      188     $      799    $      (72)   $    (1,325)   $      915
                               ==========     ==========    ==========     ===========    ==========
Changes in unrealized gains
 (losses) included in net
 income (loss) for the
 instruments still held at
 December 31, 2017: (6)....... $       27     $      (17)   $      (18)   $       452    $       --
                               ==========     ==========    ==========     ===========    ==========
Changes in unrealized gains
 (losses) included in net
 income (loss) for the
 instruments still held at
 December 31, 2018: (6)....... $      (15)    $        1    $       18    $       387    $       --
                               ==========     ==========    ==========     ===========    ==========
Changes in unrealized gains
 (losses) included in net
 income (loss) for the
 instruments still held at
 December 31, 2019: (6)....... $      (14)    $       86    $      (44)   $      (422)   $       --
                               ==========     ==========    ==========     ===========    ==========
Gains (Losses) Data for the
 year ended December 31, 2017
Total realized/unrealized
 gains (losses) included in
 net income (loss) (2) (3).... $       40     $       --    $       21    $       450    $       (8)
Total realized/unrealized
 gains (losses) included in
 AOCI......................... $       --     $       17    $      207    $        --    $       --

--------

(1) Comprised of U.S. and foreign corporate securities.

(2) Amortization of premium/accretion of discount is included within net
    investment income. Impairments charged to net income (loss) on securities
    are included in net investment gains (losses), while changes in estimated
    fair value of residential mortgage loans -- FVO are included in net
    investment income. Lapses associated with net embedded derivatives are
    included in net derivative gains (losses). Substantially all
    realized/unrealized gains (losses) included in net income (loss) for net
    derivatives and net embedded derivatives are reported in net derivative
    gains (losses).

(3) Interest and dividend accruals, as well as cash interest coupons and
    dividends received, are excluded from the rollforward.

(4) Items purchased/issued and then sold/settled in the same period are
    excluded from the rollforward. Fees attributed to embedded derivatives are
    included in settlements.

(5) Items transferred into and then out of Level 3 in the same period are
    excluded from the rollforward.

(6) Changes in unrealized gains (losses) included in net income (loss) relate
    to assets and liabilities still held at the end of the respective periods.
    Substantially all changes in unrealized gains (losses) included in net
    income (loss) for net derivatives and net embedded derivatives are reported
    in net derivative gains (losses).

(7) Freestanding derivative assets and liabilities are presented net for
    purposes of the rollforward.

                                    MLIC-96

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)


(8) Embedded derivative assets and liabilities are presented net for purposes
    of the rollforward.

(9) Investment performance related to separate account assets is fully offset
    by corresponding amounts credited to contractholders within separate
    account liabilities. Therefore, such changes in estimated fair value are
    not recorded in net income (loss). For the purpose of this disclosure,
    these changes are presented within net investment gains (losses). Separate
    account assets and liabilities are presented net for the purposes of the
    rollforward.

  Fair Value Option

     The Company elects the FVO for certain residential mortgage loans that are
  managed on a total return basis. The following table presents information for
  residential mortgage loans which are accounted for under the FVO and were
  initially measured at fair value.

                                                                                               December 31,
                                                                                         ------------------------
                                                                                            2019         2018
                                                                                         ----------  ------------
                                                                                               (In millions)
Unpaid principal balance................................................................ $      209  $        344
Difference between estimated fair value and unpaid principal balance....................        (21)          (45)
                                                                                         ----------  ------------
Carrying value at estimated fair value.................................................. $      188  $        299
                                                                                         ==========  ============
Loans in nonaccrual status.............................................................. $       47  $         89
Loans more than 90 days past due........................................................ $       18  $         41
Loans in nonaccrual status or more than 90 days past due, or both -- difference between
 aggregate estimated fair value and unpaid principal balance............................ $      (19) $        (36)

Nonrecurring Fair Value Measurements

  The following table presents information for assets measured at estimated
fair value on a nonrecurring basis during the periods and still held at the
reporting dates (for example, when there is evidence of impairment). The
estimated fair values for these assets were determined using significant
unobservable inputs (Level 3).

                         At December 31,                   Years Ended December 31,
                     ----------------------------     -----------------------------------
                        2019             2018            2019        2018        2017
                       -------          -------       -------     -------     -----------
                     Carrying Value After Measurement           Gains (Losses)
                     ----------------------------     -----------------------------------
                                            (In millions)
Other limited
 partnership
 interests (1)......     N/A (2)          N/A (2)         N/A (2)     N/A (2) $      (65)
Other assets........ $    --          $    --         $    --     $    --     $         4
--------

(1)Estimated fair value is determined from information provided on the
   financial statements of the underlying entities including NAV data. These
   investments include private equity and debt funds that typically invest
   primarily in various strategies including leveraged buyout funds; power,
   energy, timber and infrastructure development funds; venture capital funds;
   and below investment grade debt and mezzanine debt funds. In the future,
   distributions will be generated from investment gains, from operating income
   from the underlying investments of the funds and from liquidation of the
   underlying assets of the funds, the exact timing of which is uncertain.

(2)In connection with the 2018 adoption of guidance related to the recognition
   and measurement of financial instruments, other limited partnership
   interests for which the Company has virtually no influence over the
   investee's operations are measured at estimated fair value on a recurring
   basis effective January 1, 2018.

Fair Value of Financial Instruments Carried at Other Than Fair Value

   The following tables provide fair value information for financial
instruments that are carried on the balance sheet at amounts other than fair
value. These tables exclude the following financial instruments: cash and cash
equivalents, accrued investment income, payables for collateral under
securities loaned and other transactions, short-term debt and those short-term
investments that are not securities, such as time deposits, and therefore are
not included in the three-level hierarchy table disclosed in the "-- Recurring
Fair Value Measurements" section. The estimated fair value of the excluded
financial

                                    MLIC-97

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

9. Fair Value (continued)

instruments, which are primarily classified in Level 2, approximates carrying
value as they are short-term in nature such that the Company believes there is
minimal risk of material changes in interest rates or credit quality. All
remaining balance sheet amounts excluded from the tables below are not
considered financial instruments subject to this disclosure.

   The carrying values and estimated fair values for such financial
instruments, and their corresponding placement in the fair value hierarchy, are
summarized as follows at:

                                                   December 31, 2019
                                    ------------------------------------------------
                                                 Fair Value Hierarchy
                                              ---------------------------
                                                                            Total
                                    Carrying                              Estimated
                                     Value    Level 1  Level 2   Level 3  Fair Value
                                    --------- ------- --------- --------- ----------
                                                     (In millions)
Assets
Mortgage loans..................... $  65,361 $    -- $      -- $  67,680 $  67,680
Policy loans....................... $   6,100 $    -- $     263 $   6,935 $   7,198
Other invested assets.............. $   2,964 $    -- $   2,708 $     158 $   2,866
Premiums, reinsurance and other
 receivables....................... $  14,042 $    -- $     367 $  14,488 $  14,855
Liabilities
Policyholder account balances...... $  73,693 $    -- $      -- $  75,885 $  75,885
Long-term debt..................... $   1,543 $    -- $   1,888 $      -- $   1,888
Other liabilities.................. $  12,789 $    -- $     113 $  12,819 $  12,932
Separate account liabilities....... $  52,830 $    -- $  52,830 $      -- $  52,830

                                                   December 31, 2018
                                    ------------------------------------------------
                                                 Fair Value Hierarchy
                                              ---------------------------
                                                                            Total
                                    Carrying                              Estimated
                                     Value    Level 1  Level 2   Level 3  Fair Value
                                    --------- ------- --------- --------- ----------
                                                     (In millions)
Assets
Mortgage loans..................... $  63,388 $    -- $      -- $  64,409 $  64,409
Policy loans....................... $   6,061 $    -- $     269 $   6,712 $   6,981
Other invested assets.............. $   2,940 $    -- $   2,673 $     146 $   2,819
Premiums, reinsurance and other
 receivables....................... $  14,228 $    -- $     113 $  14,673 $  14,786
Liabilities
Policyholder account balances...... $  72,194 $    -- $      -- $  72,689 $  72,689
Long-term debt..................... $   1,562 $    -- $   1,746 $      -- $   1,746
Other liabilities.................. $  13,593 $    -- $     448 $  13,189 $  13,637
Separate account liabilities....... $  50,578 $    -- $  50,578 $      -- $  50,578


                                    MLIC-98

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

10. Leases

  The Company, as lessee, has entered into various lease and sublease
agreements primarily for office space. The Company has operating leases with
remaining lease terms of less than one year to 11 years. The remaining lease
terms for the subleases are less than one year to 9 years.

ROU Asset and Lease Liability

  ROU assets and lease liabilities for operating leases were:

                                               December 31, 2019
                                               -----------------
                                                 (In millions)
                ROU asset (1).................   $          819
                Lease liability (1)...........   $          895
--------

(1) Assets and liabilities include amounts recognized upon adoption of ASU
    2016-02. See Note 1.

Lease Costs

   The components of operating lease costs were as follows:

                                              For the Year Ended
                                                 December 31,
                                              ------------------
                                                     2019
                                              ------------------
                                                (In millions)
               Operating lease cost..........   $           109
               Variable lease cost...........                20
               Sublease income...............              (80)
                                               ----------------
                Net lease cost...............   $            49
                                               ================

  Operating lease expense was $116 million and $187 million for the years ended
December 31, 2018 and 2017, respectively. Non-cancelable sublease income was
$66 million and $40 million for the years ended December 31, 2018 and 2017,
respectively.

Other Information

  Supplemental other information related to operating leases was as follows:

                                                 December 31, 2019
                                               ---------------------
                                               (Dollars in millions)
           Cash paid for amounts included in
            the measurement of lease
            liability - operating cash flows..     $          110
           ROU assets obtained in exchange
            for new lease liabilities.........     $          152
           Weighted-average remaining lease
            term..............................            9 years
           Weighted-average discount rate.....               3.9%

Maturities of Lease Liabilities

   Maturities of operating lease liabilities were as follows:

                                               December 31, 2019
                                               -----------------
                                                 (In millions)
                2020..........................    $        126
                2021..........................             132
                2022..........................             128
                2023..........................             116
                2024..........................             107
                Thereafter....................             458
                                                 -------------
                 Total undiscounted cash flows           1,067
                Less: interest................             172
                                                 -------------
                 Present value of lease
                   liability..................    $        895
                                                 =============


                                    MLIC-99

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

10. Leases (continued)

   Future minimum gross rental payments relating to lease arrangements in
effect as determined prior to the adoption of ASU 2016-02 were as follows:

                                          December 31, 2018
                                          -----------------
                                            (In millions)
                     2019................   $          125
                     2020................              137
                     2021................              136
                     2022................              134
                     2023................              122
                     Thereafter..........              567
                                           ---------------
                      Total..............   $        1,221
                                           ===============

   See Note 7 for information about the Company's investments in leased real
estate and leveraged and direct financing leases.

11. Long-term and Short-term Debt

   Long-term and short-term debt outstanding, excluding debt relating to
consolidated securitization entities, was as follows:

                                                                                     December 31,
                                                           -----------------------------------------------------------------

                      Interest Rates (1)                                 2019                             2018
                    ----------------------                 -------------------------------- --------------------------------

                                                                     Unamortized                      Unamortized
                                    Weighted                Face     Discount and  Carrying  Face     Discount and  Carrying
                        Range       Average   Maturity      Value   Issuance Costs  Value    Value   Issuance Costs  Value
                    -------------   -------- -----------   -------- -------------- -------- -------- -------------- --------
                                                                                     (In millions)
Surplus notes -
 affiliated........ 7.38% -   7.38%  7.38%      2037       $    700    $   (9)     $    691 $    700    $   (9)     $    691
Surplus notes...... 7.80% -   7.88%  7.83%   2024 -   2025      400        (2)          398      400        (2)          398
Other notes........ 1.76% -   6.50%  4.62%   2020 -   2058      457        (3)          454      477        (4)          473
                                                           --------    -------     -------- --------    -------     --------
 Total long-term
  debt.............                                           1,557       (14)        1,543    1,577       (15)        1,562
                                                           --------    -------     -------- --------    -------     --------
Total short-term
 debt..............                                             128         --          128      129         --          129
                                                           --------    -------     -------- --------    -------     --------
  Total............                                        $  1,685    $  (14)     $  1,671 $  1,706    $  (15)     $  1,691
                                                           ========    =======     ======== ========    =======     ========
--------

(1) Range of interest rates and weighted average interest rates are for the
    year ended December 31, 2019.

   The aggregate maturities of long-term debt at December 31, 2019 for the next
five years and thereafter are $11 million in 2020, $0 in 2021, $0 in 2022, $0
in 2023, $445 million in 2024 and $1.1 billion thereafter.

   Unsecured senior debt which consists of senior notes and other notes rank
highest in priority. Payments of interest and principal on Metropolitan Life
Insurance Company's surplus notes are subordinate to all other obligations and
may be made only with the prior approval of the New York State Department of
Financial Services ("NYDFS").

Term Loans

   MetLife Private Equity Holdings, LLC ("MPEH"), a wholly-owned indirect
investment subsidiary, borrowed $350 million in December 2015 under a five-year
credit agreement included within other notes in the table above. MPEH has
pledged invested assets to secure the loans; however, these loans are
non-recourse to Metropolitan Life Insurance Company. In November 2017, this
agreement was amended to extend the maturity to November 2022, change the
amount MPEH may borrow on a revolving basis to $75 million from $100 million,
and change the interest rate to a variable rate of three-month London Interbank
Offered Rate ("LIBOR") plus 3.25%, payable quarterly, from a variable rate of
three-month LIBOR plus 3.70%. In December 2018, this agreement was further
amended to change the interest rate to a variable rate of three-month LIBOR
plus 3.10%. In December 2018, MPEH repaid $50 million of the initial borrowing.
In November 2019, this agreement was further amended to extend the maturity to
November 2024 and change the interest rate to a variable rate of three-month
LIBOR plus 2.75%.

                                   MLIC-100

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

11. Long-term and Short-term Debt (continued)


Short-term Debt

   Short-term debt with maturities of one year or less was as follows:

                                                 December 31,
                                             ---------------------
                                                2019       2018
                                             ---------- ----------
                                             (Dollars in millions)
              Commercial paper.............. $       99 $       99
              Short-term borrowings (1).....         29         30
                                             ---------- ----------
              Total short-term debt......... $      128 $      129
                                             ========== ==========
              Average daily balance......... $      128 $      213
              Average days outstanding......    43 days    42 days
--------

(1) Represents short-term debt related to repurchase agreements, secured by
    assets of a subsidiary.

   For the years ended December 31, 2019, 2018 and 2017, the weighted average
interest rate on short-term debt was 2.74%, 3.03% and 1.63%, respectively.

Interest Expense

     Interest expense included in other expenses was $105 million, $108 million
  and $106 million for the years ended December 31, 2019, 2018 and 2017,
  respectively. These amounts include $52 million of interest expense related
  to affiliated debt for each of the three years ended December 31, 2019, 2018
  and 2017.

Credit Facility

     At December 31, 2019, MetLife, Inc. and MetLife Funding, Inc., a
  wholly-owned subsidiary of Metropolitan Life Insurance Company ("MetLife
  Funding"), maintained a $3.0 billion unsecured revolving credit facility (the
  "Credit Facility"). When drawn upon, this facility bears interest at varying
  rates in accordance with the agreement.

     The Company's Credit Facility is used for general corporate purposes, to
  support the borrowers' commercial paper programs and for the issuance of
  letters of credit. Total fees associated with the Credit Facility were
  $7 million, $6 million and $5 million for the years ended December 31, 2019,
  2018 and 2017, respectively, and were included in other expenses.

     Information on the Credit Facility at December 31, 2019 was as follows:

                                                         Letters of Credit
                                            Maximum         Used by the      Letters of Credit                Unused
Borrower(s)             Expiration          Capacity        Company (1)    Used by Affiliates (1) Drawdowns Commitments
-------------------  ------------------ ---------------- ----------------- ---------------------- --------- -----------
                                                                         (In millions)
MetLife, Inc. and
 MetLife Funding,
 Inc................ December 2021 (2)  $      3,000 (2)    $      412           $      334        $    --  $    2,254
--------

(1) MetLife, Inc. and MetLife Funding are severally liable for their respective
    obligations under the Credit Facility. MetLife Funding was not an applicant
    under letters of credit outstanding as of December 31, 2019 and is not
    responsible for any reimbursement obligations under such letters of credit.

(2) All borrowings under the Credit Facility must be repaid by December 20,
    2021, except that letters of credit outstanding upon termination may remain
    outstanding until December 20, 2022.

Debt and Facility Covenants

   Certain of the Company's debt instruments and the Credit Facility contain
various administrative, reporting, legal and financial covenants. The Company
believes it was in compliance with all applicable financial covenants at
December 31, 2019.


                                   MLIC-101

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

12. Equity

Stock-Based Compensation Plans

  The Company does not issue any awards payable in its common stock or options
to purchase its common stock.

  An affiliate employs the personnel who conduct most of the Company's
business. In accordance with a services agreement with that affiliate, the
Company bears a proportionate share of stock-based compensation expense for
those employees. Stock-based compensation expense principally relates to Stock
Options, Performance Shares and Restricted Stock Units under the MetLife, Inc.
2005 Stock and Incentive Compensation Plan and the MetLife, Inc. 2015 Stock and
Incentive Compensation Plan, most of which MetLife, Inc. granted in the first
quarter of each year.

  The Company's expense related to stock-based compensation included in other
expenses was $57 million, $35 million and $74 million for the years ended
December 31, 2019, 2018 and 2017, respectively.

Statutory Equity and Income

  Metropolitan Life Insurance Company prepares statutory-basis financial
statements in accordance with statutory accounting practices prescribed or
permitted by the NYDFS. The NAIC has adopted the Codification of Statutory
Accounting Principles ("Statutory Codification"). Statutory Codification is
intended to standardize regulatory accounting and reporting to state insurance
departments. However, statutory accounting principles continue to be
established by individual state laws and permitted practices. Modifications by
the state insurance department may impact the effect of Statutory Codification
on the statutory capital and surplus of Metropolitan Life Insurance Company.

  The state of domicile of Metropolitan Life Insurance Company imposes
risk-based capital ("RBC") requirements that were developed by the National
Association of Insurance Commissioners ("NAIC"). Regulatory compliance is
determined by a ratio of a company's total adjusted capital, calculated in the
manner prescribed by the NAIC ("TAC"), with modifications by the state
insurance department, to its authorized control level RBC, calculated in the
manner prescribed by the NAIC ("ACL RBC"), based on the statutory-based filed
financial statements. Companies below specific trigger levels or ratios are
classified by their respective levels, each of which requires specified
corrective action. The minimum level of TAC before corrective action commences
is twice ACL RBC ("CAL RBC"). The CAL RBC ratios for Metropolitan Life
Insurance Company were in excess of 350% at both December 31, 2019 and 2018.

  Metropolitan Life Insurance Company's foreign insurance operations are
regulated by applicable authorities of the jurisdictions in which each entity
operates and are subject to minimum capital and solvency requirements in those
jurisdictions before corrective action commences. The aggregate required
capital and surplus of Metropolitan Life Insurance Company's foreign insurance
operations was $370 million and the aggregate actual regulatory capital and
surplus of such operations was $580 million as of the date of the most recent
required capital adequacy calculation for each jurisdiction. The Company's
foreign insurance operations exceeded the minimum capital and solvency
requirements as of the date of the most recent fiscal year-end capital adequacy
calculation for each jurisdiction.

  Statutory accounting principles differ from GAAP primarily by charging policy
acquisition costs to expense as incurred, establishing future policy benefit
liabilities using different actuarial assumptions, reporting surplus notes as
surplus instead of debt and valuing securities on a different basis.

  In addition, certain assets are not admitted under statutory accounting
principles and are charged directly to surplus. The most significant assets not
admitted by Metropolitan Life Insurance Company are net deferred income tax
assets resulting from temporary differences between statutory accounting
principles basis and tax basis not expected to reverse and become recoverable
within three years. Further, statutory accounting principles do not give
recognition to purchase accounting adjustments.

  New York has adopted certain prescribed accounting practices, primarily
consisting of the continuous Commissioners' Annuity Reserve Valuation Method,
which impacts deferred annuities, and the New York Special Consideration
Letter, which mandates certain assumptions in asset adequacy testing. The
collective impact of these prescribed accounting practices decreased the
statutory capital and surplus of Metropolitan Life Insurance Company by
$1.2 billion at both December 31, 2019 and 2018, compared to what capital and
surplus would have been had it been measured under NAIC guidance.

                                   MLIC-102

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

12. Equity (continued)


  The tables below present amounts from Metropolitan Life Insurance Company,
which are derived from the statutory-basis financial statements as filed with
the NYDFS.

  Statutory net income (loss) was as follows:

                                                      Years Ended December 31,
                                                 -----------------------------------
Company                        State of Domicile    2019        2018        2017
-----------------------------  ----------------- ----------- ----------- -----------
                                                            (In millions)
Metropolitan Life Insurance
 Company......................     New York       $    3,859  $    3,656  $    1,982

  Statutory capital and surplus was as follows at:

                                                 December 31,
                                        ------------------------------
         Company                             2019           2018
         -----------------------------  -------------- ---------------
                                                (In millions)
         Metropolitan Life Insurance
          Company......................  $      10,915  $       11,098

Dividend Restrictions

   Under the New York State Insurance Law, Metropolitan Life Insurance Company
is permitted, without prior insurance regulatory clearance, to pay stockholder
dividends to MetLife, Inc. in any calendar year based on either of two
standards. Under one standard, Metropolitan Life Insurance Company is
permitted, without prior insurance regulatory clearance, to pay dividends out
of earned surplus (defined as positive unassigned funds (surplus), excluding
85% of the change in net unrealized capital gains or losses (less capital gains
tax), for the immediately preceding calendar year), in an amount up to the
greater of: (i) 10% of its surplus to policyholders as of the end of the
immediately preceding calendar year, or (ii) its statutory net gain from
operations for the immediately preceding calendar year (excluding realized
capital gains), not to exceed 30% of surplus to policyholders as of the end of
the immediately preceding calendar year. In addition, under this standard,
Metropolitan Life Insurance Company may not, without prior insurance regulatory
clearance, pay any dividends in any calendar year immediately following a
calendar year for which its net gain from operations, excluding realized
capital gains, was negative. Under the second standard, if dividends are paid
out of other than earned surplus, Metropolitan Life Insurance Company may,
without prior insurance regulatory clearance, pay an amount up to the lesser
of: (i) 10% of its surplus to policyholders as of the end of the immediately
preceding calendar year, or (ii) its statutory net gain from operations for the
immediately preceding calendar year (excluding realized capital gains). In
addition, Metropolitan Life Insurance Company will be permitted to pay a
dividend to MetLife, Inc. in excess of the amounts allowed under both standards
only if it files notice of its intention to declare such a dividend and the
amount thereof with the New York Superintendent of Financial Services (the
"Superintendent") and the Superintendent either approves the distribution of
the dividend or does not disapprove the dividend within 30 days of its filing.
Under the New York State Insurance Law, the Superintendent has broad discretion
in determining whether the financial condition of a stock life insurance
company would support the payment of such dividends to its stockholder.

   Metropolitan Life Insurance Company paid $3.1 billion and $3.7 billion in
dividends to MetLife, Inc. for the years ended December 31, 2019 and 2018,
respectively, including amounts where regulatory approval was obtained as
required. Under New York State Insurance Law, Metropolitan Life Insurance
Company has calculated that it may pay approximately $3.2 billion to MetLife,
Inc. without prior regulatory approval by the end of 2020.

                                   MLIC-103

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

12. Equity (continued)


Accumulated Other Comprehensive Income (Loss)

   Information regarding changes in the balances of each component of AOCI
attributable to Metropolitan Life Insurance Company was as follows:

                                         Unrealized                        Foreign      Defined
                                      Investment Gains     Unrealized     Currency      Benefit
                                      (Losses), Net of   Gains (Losses)  Translation     Plans
                                     Related Offsets (1) on Derivatives   Adjustments  Adjustment        Total
                                    -------------------- -------------- ------------- ------------  --------------
                                                                     (In millions)
Balance at December 31, 2016.......     $      3,592      $      1,459    $      (67)  $    (1,865)  $       3,119
OCI before reclassifications.......            3,977               122            26           (30)          4,095
Deferred income tax benefit
 (expense).........................           (1,287)              (43)           (6)           11          (1,325)
                                       -------------     -------------   -----------  ------------  --------------
 AOCI before reclassifications,
   net of income tax...............            6,282             1,538           (47)       (1,884)          5,889
Amounts reclassified from AOCI.....              102              (970)           --           159            (709)
Deferred income tax benefit
 (expense).........................              (33)              338            --           (57)            248
                                       -------------     -------------   -----------  ------------  --------------
 Amounts reclassified from AOCI,
   net of income tax...............               69              (632)           --           102            (461)
                                       -------------     -------------   -----------  ------------  --------------
Balance at December 31, 2017.......            6,351               906           (47)       (1,782)          5,428
OCI before reclassifications.......           (6,326)              (82)          (20)           67          (6,361)
Deferred income tax benefit
 (expense).........................            1,381                19            --           (45)          1,355
                                       -------------     -------------   -----------  ------------  --------------
 AOCI before reclassifications,
   net of income tax...............            1,406               843           (67)       (1,760)            422
Amounts reclassified from AOCI.....                8               428            --            34             470
Deferred income tax benefit
 (expense).........................               (2)              (96)           --           (13)           (111)
                                       -------------     -------------   -----------  ------------  --------------
 Amounts reclassified from AOCI,
   net of income tax...............                6               332            --            21             359
                                       -------------     -------------   -----------  ------------  --------------
Cumulative effects of changes in
 accounting principles.............             (119)               --            --            --            (119)
Deferred income tax benefit
 (expense), cumulative effects of
 changes in accounting principles..            1,222               207            (7)         (379)          1,043
                                       -------------     -------------   -----------  ------------  --------------
Cumulative effects of changes in
 accounting principles, net of
 income tax........................            1,103               207            (7)         (379)            924
                                       -------------     -------------   -----------  ------------  --------------
Transfer to affiliate, net of
 tax (2)...........................               --                --            --         1,857           1,857
                                       -------------     -------------   -----------  ------------  --------------
Balance at December 31, 2018.......            2,515             1,382           (74)         (261)          3,562
OCI before reclassifications.......            7,993               516           (32)         (167)          8,310
Deferred income tax benefit
 (expense).........................           (1,678)             (109)            9            35          (1,743)
                                       -------------     -------------   -----------  ------------  --------------
 AOCI before reclassifications,
   net of income tax...............            8,830             1,789           (97)         (393)         10,129
Amounts reclassified from AOCI.....               60              (237)           --            24            (153)
Deferred income tax benefit
 (expense).........................              (13)               50            --            (5)             32
                                       -------------     -------------   -----------  ------------  --------------
 Amounts reclassified from AOCI,
   net of income tax...............               47              (187)           --            19            (121)
                                       -------------     -------------   -----------  ------------  --------------
Cumulative effects of changes in
 accounting principles.............               (1)               22            --            --              21
Deferred income tax benefit
 (expense), cumulative effects of
 changes in accounting principles..               --                (4)           --            --              (4)
                                       -------------     -------------   -----------  ------------  --------------
 Cumulative effects of changes in
   accounting principles, net of
   income tax (3)..................               (1)               18            --            --              17
                                       -------------     -------------   -----------  ------------  --------------
Balance at December 31, 2019.......     $      8,876      $      1,620    $      (97)  $      (374)  $      10,025
                                       =============     =============   ===========  ============  ==============
-------------

(1) See Note 7 for information on offsets to investments related to future
    policy benefits, DAC, VOBA and DSI, and the policyholder dividend
    obligation.

                                   MLIC-104

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

12. Equity (continued)


(2) See Note 14.

(3) See Note 1 for further information on adoption of new accounting
    pronouncements.

   Information regarding amounts reclassified out of each component of AOCI was
as follows:

                                       Years Ended December 31,
                               ---------------------------------------
                                   2019          2018           2017
                               -----------   ------------   ------------
                                                                             Consolidated Statements of
AOCI Components                     Amounts Reclassified from AOCI             Operations Locations
-----------------------------  ---------------------------------------     ------------------------------
                                            (In millions)
Net unrealized investment
 gains (losses):
Net unrealized investment
 gains (losses)...............  $       17    $        89    $        12   Net investment gains (losses)
Net unrealized investment
 gains (losses)...............         (16)            18              3   Net investment income
Net unrealized investment
 gains (losses)...............         (61)          (115)          (117)  Net derivative gains (losses)
                               -----------   ------------   ------------
 Net unrealized investment
   gains (losses), before
   income tax.................         (60)            (8)          (102)
Income tax (expense) benefit..          13              2             33
                               -----------   ------------   ------------
 Net unrealized investment
   gains (losses), net of
   income tax.................         (47)            (6)           (69)
                               -----------   ------------   ------------
Unrealized gains (losses) on
 derivatives -- cash flow
 hedges:
Interest rate derivatives.....          23             20             18   Net investment income
Interest rate derivatives.....           4             --             --   Net investment gains (losses)
Interest rate derivatives.....          --             22             13   Net derivative gains (losses)
Foreign currency exchange
 rate derivatives.............          (3)            (3)            (1)  Net investment income
Foreign currency exchange
 rate derivatives.............         212             --             --   Net investment gains (losses)
Foreign currency exchange
 rate derivatives.............          --           (469)           938   Net derivative gains (losses)
Credit derivatives............           1              1              1   Net investment income
Credit derivatives............          --              1              1   Net derivative gains (losses)
                               -----------   ------------   ------------
 Gains (losses) on cash flow
   hedges, before income tax..         237           (428)           970
Income tax (expense) benefit..         (50)            96           (338)
                               -----------   ------------   ------------
 Gains (losses) on cash flow
   hedges, net of income tax..         187           (332)           632
                               -----------   ------------   ------------
Defined benefit plans
 adjustment: (1)
Amortization of net actuarial
 gains (losses)...............         (27)           (35)          (179)
Amortization of prior service
 (costs) credit...............           3              1             20
                               -----------   ------------   ------------
 Amortization of defined
   benefit plan items, before
   income tax.................         (24)           (34)          (159)
Income tax (expense) benefit..           5             13             57
                               -----------   ------------   ------------
 Amortization of defined
   benefit plan items, net of
   income tax.................         (19)           (21)          (102)
                               -----------   ------------   ------------
 Total reclassifications, net
   of income tax..............  $      121    $      (359)   $       461
                               ===========   ============   ============
-------------

(1)These AOCI components are included in the computation of net periodic
   benefit costs. See Note 14.

                                   MLIC-105

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)


13. Other Revenues and Other Expenses

Other Revenues

   Information on other revenues, which primarily includes fees related to
service contracts from customers, was as follows:

                                           Years Ended December 31,
                                          ---------------------------
                                              2019          2018
                                          ------------- -------------
                                                 (In millions)
           Prepaid legal plans...........  $        329  $        286
           Recordkeeping and
            administrative services (1)..           204           220
           Administrative services-only
            contracts....................           210           205
           Other revenue from service
            contracts from customers.....            39            38
                                          ------------- -------------
            Total revenues from service
              contracts from customers...  $        782  $        749
           Other (2).....................           791           837
                                          ------------- -------------
            Total other revenues.........  $      1,573  $      1,586
                                          ============= =============
--------

(1)Related to products and businesses no longer actively marketed by the
   Company.

(2)Other primarily includes reinsurance ceded. See Note 5.

Other Expenses

   Information on other expenses was as follows:

                                              Years Ended December 31,
                                              ----------------------
                                               2019     2018    2017
                                              ------   ------  ------
                                                   (In millions)
          General and administrative
           expenses (1)...................... $2,480   $2,458  $2,608
          Pension, postretirement and
           postemployment benefit costs......    107       66     167
          Premium taxes, other taxes, and
           licenses & fees...................    274      366     273
          Commissions and other variable
           expenses..........................  1,814    1,757   1,801
          Capitalization of DAC..............    (43)     (34)    (61)
          Amortization of DAC and VOBA.......    239      470     241
          Interest expense on debt...........    105      108     106
                                              ------   ------  ------
           Total other expenses.............. $4,976   $5,191  $5,135
                                              ======   ======  ======
--------

(1)Includes ($165) million, ($6) million and ($104) million for the years ended
   December 31, 2019, 2018 and 2017, respectively, for the net change in cash
   surrender value of investments in certain life insurance policies, net of
   premiums paid.

Capitalization of DAC and Amortization of DAC and VOBA

   See Note 4 for additional information on DAC and VOBA including impacts of
capitalization and amortization. See also Note 6 for a description of the DAC
amortization impact associated with the closed block.

Expenses related to Debt

  See Note 11 for additional information on interest expense on debt.

Affiliated Expenses

  Commissions and other variable expenses, capitalization of DAC and
amortization of DAC and VOBA include the impact of affiliated reinsurance
transactions. See Notes 5, 11 and 18 for a discussion of affiliated expenses
included in the table above.

                                   MLIC-106

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)


14. Employee Benefit Plans

Pension and Other Postretirement Benefit Plans

   Through September 30, 2018, the Company sponsored various qualified and
nonqualified defined benefit pension plans covering employees who meet
specified eligibility requirements. Pension benefits are provided utilizing
either a traditional formula or cash balance formula. The traditional formula
provides benefits that are primarily based upon years of credited service and
final average earnings. The cash balance formula utilizes hypothetical or
notional accounts which credit participants with benefits equal to a percentage
of eligible pay, as well as interest credits, determined annually based upon
the annual rate of interest on 30-year U.S. Treasury securities, for each
account balance. In September 2018, the qualified and nonqualified defined
benefit pension plans were amended, effective January 1, 2023, to provide
benefits accruals for all active participants under the cash balance formula
and to cease future accruals under the traditional formula. The nonqualified
pension plans provide supplemental benefits in excess of limits applicable to a
qualified plan. Participating affiliates are allocated an equitable share of
net expense related to the plans, proportionate to other expenses being
allocated to these affiliates.

   Through September 30, 2018, the Company also provided certain postemployment
benefits and certain postretirement medical and life insurance benefits for
retired employees. Employees of MetLife who were hired prior to 2003 (or, in
certain cases, rehired during or after 2003) and meet age and service criteria
while working for the Company may become eligible for these other
postretirement benefits, at various levels, in accordance with the applicable
plans. Virtually all retirees, or their beneficiaries, contribute a portion of
the total costs of postretirement medical benefits. Employees of MetLife hired
after 2003 are not eligible for any employer subsidy for postretirement medical
benefits. Participating affiliates are allocated a proportionate share of net
expense and contributions related to the postemployment and other
postretirement plans. In September 2018, the postretirement medical and life
insurance benefit plans were amended, effective January 1, 2023, to discontinue
the accrual of the employer subsidy credits for eligible employees.

   As of October 1, 2018, except for the nonqualified defined benefit pension
plan, the plan sponsor was changed from the Company to an affiliate (the
"Transferred Plans"). The Company transferred the net benefit obligation and
plan assets at book value as of September 30, 2018 as an additional
paid-in-capital transaction, including the related unrecognized AOCI. The
Company remains a participating affiliate of the Transferred Plans.

                                   MLIC-107

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

14. Employee Benefit Plans (continued)


  Obligations and Funded Status

                                                          December 31,
                               -----------------------------------------------------------------
                                             2019                              2018
                               --------------------------------  -------------------------------
                                                     Other                            Other
                                   Pension        Postretirement    Pension        Postretirement
                                   Benefits (1)     Benefits      Benefits (1)       Benefits
                               ---------------- ---------------- --------------  ----------------
                                                         (In millions)
Change in benefit obligations:
Benefit obligations at
 January 1,...................    $      1,080      $      19     $      10,479    $      1,656
Transfer to affiliate (2).....              --             --            (9,316)         (1,648)
Service costs.................              17             --                18              --
Interest costs................              46              1                42               1
Plan participants'
 contributions................              --             --                --              --
Plan amendments...............               3             --               (20)             --
Net actuarial (gains) losses
 (3)..........................             162              2               (40)             (2)
Divestitures, settlements and
 curtailments.................              --             --                --              15
Benefits paid.................             (98)            (2)              (83)             (1)
Effect of foreign currency
 translation..................              --             --                --              (2)
                                --------------     ----------    --------------   -------------
 Benefit obligations at
   December 31,...............           1,210             20             1,080              19
                                --------------     ----------    --------------   -------------
Change in plan assets:
Estimated fair value of plan
 assets at January 1,.........              --             18             9,371           1,426
Transfer to affiliate (2).....              --             --            (9,371)         (1,426)
Actual return on plan assets..              --             --                --               2
Divestitures, settlements and
 curtailments.................              --             --                --              18
Plan participants'
 contributions................              --             --                --              --
Employer contributions........              98             --                83              --
Benefits paid.................             (98)            (2)              (83)             (1)
Foreign exchange impact.......              --              1                --              (1)
                                --------------     ----------    --------------   -------------
 Estimated fair value of plan
   assets at December 31,.....              --             17                --              18
                                --------------     ----------    --------------   -------------
 Over (under) funded status
   at December 31,............    $     (1,210)     $      (3)    $      (1,080)   $         (1)
                                ==============     ==========    ==============   =============
Amounts recognized on the
 consolidated balance sheets:
Other assets..................    $         --      $       3     $          --    $          5
Other liabilities.............          (1,210)            (6)           (1,080)             (6)
                                --------------     ----------    --------------   -------------
 Net amount recognized........    $     (1,210)     $      (3)    $      (1,080)   $         (1)
                                ==============     ==========    ==============   =============
AOCI:
Net actuarial (gains) losses..    $        494      $      (3)    $         360    $         (5)
Prior service costs (credit)..             (16)            --               (22)              1
                                --------------     ----------    --------------   -------------
 AOCI, before income tax......    $        478      $      (3)    $         338    $         (4)
                                ==============     ==========    ==============   =============
 Accumulated benefit
   obligation.................    $      1,143            N/A     $       1,040             N/A
                                ==============                   ==============
--------

(1) Includes nonqualified unfunded plans, for which the aggregate PBO was
    $1.2 billion and $1.1 billion at December 31, 2019 and 2018, respectively.

(2) Transfer to affiliate represents the Transferred Plans' book value as of
    September 30, 2018, net of the related 2018 net periodic benefit costs. See
    "-- Net Periodic Benefit Costs."

                                   MLIC-108

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

14. Employee Benefit Plans (continued)


(3) Significant sources of actuarial (gains) losses for pension and other
    postretirement benefits during 2019 include the impact of changes to the
    financial assumptions of $137 million and $2 million, respectively, and
    plan experience of $25 million and $0, respectively. Significant sources of
    actuarial (gains) losses for pension and other postretirement benefits
    during 2018 include the impact of changes to the financial assumptions of
    ($87) million and ($2) million, respectively, and plan experience of
    $47 million and $0, respectively.

   Information for pension plans and other postretirement benefit plans with
PBOs and/or accumulated benefit obligations ("ABO") or APBO in excess of plan
assets was as follows at:

                                                                December 31,
                                         ------------------------------------------------------------------
                                             2019       2018       2019       2018      2019        2018
                                         ---------- ---------- ---------- ---------- -------     -------
                                         PBO Exceeds Estimated ABO Exceeds Estimated APBO Exceeds Estimated
                                              Fair Value            Fair Value         Fair Value
                                            of Plan Assets        of Plan Assets     of Plan Assets
                                         --------------------- --------------------- ----------------------
                                                                (In millions)
Projected benefit obligations........... $    1,210 $    1,080 $    1,210 $    1,080    N/A         N/A
Accumulated benefit obligations......... $    1,143 $    1,040 $    1,143 $    1,040    N/A         N/A
Accumulated postretirement benefit
 obligations............................        N/A        N/A        N/A        N/A $    6      $    6
Estimated fair value of plan assets.....        N/A        N/A        N/A        N/A $   --      $   --

  Net Periodic Benefit Costs

      The components of net periodic benefit costs and other changes in plan
   assets and benefit obligations recognized in OCI were as follows:

                                                                         Years Ended December 31,
                                          -------------------------------------------------------------------------------------
                                                     2019                          2018                         2017
                                          --------------------------  -----------------------------  --------------------------
                                                          Other                          Other                       Other
                                           Pension     Postretirement   Pension       Postretirement  Pension     Postretirement
                                           Benefits      Benefits       Benefits        Benefits      Benefits      Benefits
                                          ---------  ---------------- ------------  ---------------- ---------  ----------------
                                                                              (In millions)
Net periodic benefit costs:
Service costs............................  $     17      $     --      $       123      $       4     $    169     $         6
Interest costs...........................        46             1              290             41          415              75
Settlement and curtailment costs.........        --            --               --             --            3               2
Expected return on plan assets...........        --            (1)            (394)           (54)        (509)            (72)
Amortization of net actuarial (gains)
 losses..................................        27            --              142            (26)         189              --
Amortization of prior service costs
 (credit)................................        (3)           --               (1)           (14)          (1)            (22)
Allocated to affiliates..................       (22)           --              (66)            19          (48)              1
                                          ---------     ---------     ------------     ----------    ---------    ------------
  Total net periodic benefit costs
   (credit) (1)..........................        65            --               94            (30)         218             (10)
                                          ---------     ---------     ------------     ----------    ---------    ------------
Other changes in plan assets and benefit
 obligations recognized in OCI:
Net actuarial (gains) losses.............       161             3              (40)            (4)         181            (148)
Prior service costs (credit).............         3            --              (20)            --           --              --
Amortization of net actuarial (gains)
 losses..................................       (27)           --              (35)            --         (189)             --
Amortization of prior service (costs)
 credit..................................         3            --                1             --            1              22
Transfer to affiliate (2)................        --            --           (2,389)            81           --              --
                                          ---------     ---------     ------------     ----------    ---------    ------------
  Total recognized in OCI................       140             3           (2,483)            77           (7)           (126)
                                          ---------     ---------     ------------     ----------    ---------    ------------
  Total recognized in net periodic
   benefit costs and OCI.................  $    205      $      3      $    (2,389)     $      47     $    211     $      (136)
                                          =========     =========     ============     ==========    =========    ============
--------

                                   MLIC-109

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

14. Employee Benefit Plans (continued)


(1) Includes costs (credit) related to Transferred Plans of $65 million and
    ($49) million for pension benefits and other postretirement benefits,
    respectively, for the year ended December 31, 2018.

(2) Transfer to affiliate represents the Transferred Plans' book value as of
    September 30, 2018, net of the related 2018 other changes in plan assets
    and benefit obligations recognized in OCI.

  Assumptions

     Assumptions used in determining benefit obligations were as follows:

                                        Pension Benefits   Other Postretirement Benefits
                                    -------------------- -------------------------------
December 31, 2019
Weighted average discount rate.....        3.30%                      3.00%
Weighted average interest
 crediting rate....................        3.99%                       N/A
Rate of compensation increase......   2.25%  -  8.50%                  N/A
December 31, 2018
Weighted average discount rate.....        4.35%                      3.75%
Weighted average interest
 crediting rate....................        4.09%                       N/A
Rate of compensation increase......   2.25%  -  8.50%                  N/A

     Assumptions used in determining net periodic benefit costs for the
  U.S. plans were as follows:

                                        Pension Benefits   Other Postretirement Benefits
                                    -------------------- -------------------------------
Year Ended December 31, 2019
Weighted average discount rate.....        4.35%                      3.75%
Weighted average interest
 crediting rate....................        4.01%                       N/A
Weighted average expected rate of
 return on plan assets.............         N/A                       4.00%
Rate of compensation increase......   2.25%  -  8.50%                  N/A
Year Ended December 31, 2018
Weighted average discount rate.....        3.65%                      3.70%
Weighted average interest
 crediting rate....................        4.13%                       N/A
Weighted average expected rate of
 return on plan assets.............        5.75%                      5.11%
Rate of compensation increase......   2.25%  -  8.50%                  N/A
Year Ended December 31, 2017
Weighted average discount rate.....        4.30%                      4.45%
Weighted average interest
 crediting rate....................        5.46%                       N/A
Weighted average expected rate of
 return on plan assets.............        6.00%                      5.36%
Rate of compensation increase......   2.25%  -  8.50%                  N/A

     The weighted average discount rate is determined annually based on the
  yield, measured on a yield to worst basis, of a hypothetical portfolio
  constructed of high quality debt instruments available on the measurement
  date, which would provide the necessary future cash flows to pay the
  aggregate PBO when due.

     The weighted average expected rate of return on plan assets is based on
  anticipated performance of the various asset sectors in which the plan
  invests, weighted by target allocation percentages. Anticipated future
  performance is based on long-term historical returns of the plan assets by
  sector, adjusted for the Company's long-term expectations on the performance
  of the markets. While the precise expected rate of return derived using this
  approach will fluctuate from year to year, the Company's policy is to hold
  this long-term assumption constant as long as it remains within reasonable
  tolerance from the derived rate.

     The weighted average expected rate of return on plan assets for use in the
  plan valuation in 2020 is currently anticipated to be 3.00% for other
  postretirement benefits.

     The weighted average interest crediting rate is determined annually based
  on the plan selected rate, long-term financial forecasts of that rate and the
  demographics of the plan participants.

                                   MLIC-110

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

14. Employee Benefit Plans (continued)


     The assumed healthcare costs trend rates used in measuring the APBO and
  net periodic benefit costs were as follows:

                                                                   December 31,
                                                   ---------------------------------------------
                                                            2019                   2018
                                                   ---------------------- ----------------------
                                                      Before   Age 65 and    Before   Age 65 and
                                                    Age 65      older      Age 65      older
                                                   --------- ------------ --------- ------------
Following year....................................   6.5%        6.5%       6.6%        6.6%
Ultimate rate to which cost increase is assumed
 to decline.......................................   4.0%        4.0%       4.0%        4.0%
Year in which the ultimate trend rate is reached..   2040        2040       2040        2040

  Plan Assets

     Through September 30, 2018, the Company provided MetLife employees with
  benefits under various Employee Retirement Income Security Act of
  1974 ("ERISA") benefit plans. These include qualified pension plans,
  postretirement medical plans and certain retiree life insurance coverage. The
  assets of the Company's qualified pension plans are held in an insurance
  group annuity contract, and the vast majority of the assets of the
  postretirement medical plan are held in a trust which largely utilizes
  insurance contracts to hold the assets. All of these contracts are issued by
  the Company, and the assets under the contracts are held in insurance
  separate accounts that have been established by the Company. The underlying
  assets of the separate accounts are principally comprised of cash and cash
  equivalents, short-term investments, fixed maturity securities AFS, equity
  securities, derivatives, real estate and private equity investments. The
  assets backing the retiree life coverage also utilize insurance contracts
  issued by the Company's insurance affiliate and are held in a general account
  Life Insurance Funding Agreement.

     The insurance contract provider engages investment management
  firms ("Managers") to serve as sub-advisors for the separate accounts based
  on the specific investment needs and requests identified by the plan
  fiduciary. These Managers have portfolio management discretion over the
  purchasing and selling of securities and other investment assets pursuant to
  the respective investment management agreements and guidelines established
  for each insurance separate account. The assets of the qualified pension
  plans and postretirement medical plans (the "Invested Plans") are well
  diversified across multiple asset categories and across a number of different
  Managers, with the intent of minimizing risk concentrations within any given
  asset category or with any of the given Managers.

     The Invested Plans, other than those held in participant directed
  investment accounts, are managed in accordance with investment policies
  consistent with the longer-term nature of related benefit obligations and
  within prudent risk parameters. Specifically, investment policies are
  oriented toward (i) maximizing the Invested Plan's funded status;
  (ii) minimizing the volatility of the Invested Plan's funded status;
  (iii) generating asset returns that exceed liability increases; and
  (iv) targeting rates of return in excess of a custom benchmark and industry
  standards over appropriate reference time periods. These goals are expected
  to be met through identifying appropriate and diversified asset classes and
  allocations, ensuring adequate liquidity to pay benefits and expenses when
  due and controlling the costs of administering and managing the Invested
  Plan's investments. Independent investment consultants are periodically used
  to evaluate the investment risk of the Invested Plan's assets relative to
  liabilities, analyze the economic and portfolio impact of various asset
  allocations and management strategies and recommend asset allocations.

     Derivative contracts may be used to reduce investment risk, to manage
  duration and to replicate the risk/return profile of an asset or asset class.
  Derivatives may not be used to leverage a portfolio in any manner, such as to
  magnify exposure to an asset, asset class, interest rates or any other
  financial variable. Derivatives are also prohibited for use in creating
  exposures to securities, currencies, indices or any other financial variable
  that is otherwise restricted.

  Estimated Fair Value

     The pension and other postretirement benefit plan assets are categorized
  into a three-level fair value hierarchy, as described in Note 9, based upon
  the significant input with the lowest level in its valuation. The Level 2
  asset category includes certain separate accounts that are primarily invested
  in liquid and readily marketable securities. The estimated fair value of such
  separate accounts is based upon reported NAV provided by fund managers and
  this value represents the

                                   MLIC-111

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

14. Employee Benefit Plans (continued)

  amount at which transfers into and out of the respective separate account are
  effected. These separate accounts provide reasonable levels of price
  transparency and can be corroborated through observable market data. Directly
  held investments are primarily invested in U.S. and foreign government and
  corporate securities. The Level 3 asset category includes separate accounts
  that are invested in assets that provide little or no price transparency due
  to the infrequency with which the underlying assets trade and generally
  require additional time to liquidate in an orderly manner. Accordingly, the
  values for separate accounts invested in these alternative asset classes are
  based on inputs that cannot be readily derived from or corroborated by
  observable market data.

     At December 31, 2019 and 2018, other postretirement plan assets measured
  at estimated fair value on a recurring basis were $17 million and
  $18 million, respectively, and were classified as short-term investments
  Level 2.

     A rollforward of all pension assets measured at estimated fair value on a
  recurring basis using significant unobservable (Level 3) inputs was as
  follows:

                               Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
                               ----------------------------------------------------------------------
                                                    Pension Benefits
                               ----------------------------------------------------------------------
                               Fixed Maturity Securities
                                       AFS:
                               --------------------------
                                                             Equity          Other        Derivative
                                Corporate     Other (1)     Securities     Investments     Assets
                               ----------    ----------    -----------    ------------   -----------
                                                     (In millions)
Balance, January 1, 2018......  $     1        $    9        $    3         $    622       $    1
Realized gains (losses).......       --            --            --               --           --
Unrealized gains (losses).....       --            --            --               --           --
Purchases, sales, issuances
 and settlements, net.........       --            --            --               --           --
Transfers into and/or out of
 Level 3......................       --            --            --               --           --
Transfer to affiliate.........       (1)           (9)           (3)            (622)          (1)
                               ----------    ----------    -----------    ------------   -----------
Balance, December 31, 2018....  $    --        $   --        $   --         $     --       $   --
                               ==========    ==========    ===========    ============   ===========
--------

(1) Other includes ABS and collateralized mortgage obligations.

     For the year ended December 31, 2019, there were no pension benefits
  measured at estimated fair value on a recurring basis using significant
  unobservable (Level 3) inputs. For the years ended December 31, 2019 and
  2018, there were no other postretirement benefit plan assets measured at
  estimated fair value on a recurring basis using significant
  unobservable (Level 3) inputs.

  Expected Future Contributions and Benefit Payments

     Benefit payments due under the nonqualified pension plans are primarily
  funded from the Company's general assets as they become due under the
  provisions of the plans, and therefore benefit payments equal employer
  contributions. The Company expects to make contributions of $70 million to
  fund the benefit payments in 2020.

     Postretirement benefits are either: (i) not vested under law; (ii) a
  non-funded obligation of the Company; or (iii) both. Current regulations do
  not require funding for these benefits. The Company uses its general assets,
  net of participant's contributions, to pay postretirement medical claims as
  they come due. As permitted under the terms of the governing trust document,
  the Company may be reimbursed from plan assets for postretirement medical
  claims paid from their general assets.

                                   MLIC-112

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

14. Employee Benefit Plans (continued)


     Gross benefit payments for the next 10 years, which reflect expected
  future service where appropriate, are expected to be as follows:

                               Pension Benefits   Other Postretirement Benefits
                           -------------------- -------------------------------
                                              (In millions)
 2020.....................       $           74                    $          2
 2021.....................       $           71                    $          1
 2022.....................       $           70                    $          1
 2023.....................       $           73                    $          1
 2024.....................       $           77                    $          1
 2025-2029................       $          403                    $          6

Defined Contribution Plans

     Through September 30, 2018, the Company sponsored defined contribution
  plans for substantially all MetLife employees under which a portion of
  employee contributions are matched. As of October 1, 2018, except for the
  nonqualified defined contribution plan, the plan sponsor was changed from the
  Company to an affiliate. The Company contributed $26 million, $42 million and
  $65 million for the years ended December 31, 2019, 2018 and 2017,
  respectively.

15. Income Tax

   The provision for income tax was as follows:

                                           Years Ended December 31,
                                           -----------------------
                                             2019    2018     2017
                                           ------  ------  -------
                                                (In millions)
            Current:
            U.S. federal..................  $ 280   $ 217  $ 1,511
            U.S. state and local..........      1       9        4
            Non-U.S.......................     26      91       14
                                           ------  ------  -------
              Subtotal....................    307     317    1,529
                                           ------  ------  -------
            Deferred:
            U.S. federal..................   (148)    (88)  (2,099)
            Non-U.S.......................    (11)    (56)       9
                                           ------  ------  -------
              Subtotal....................   (159)   (144)  (2,090)
                                           ------  ------  -------
              Provision for income tax
               expense (benefit)..........  $ 148   $ 173  $  (561)
                                           ======  ======  =======

  The Company's income (loss) before income tax expense (benefit) was as
follows:

                                   Years Ended December 31,
                                   ------------------------
                                    2019    2018     2017
                                   ------- ------- --------
                                         (In millions)
                   Income (loss):
                   U.S............  $3,454  $1,202  $ 4,045
                   Non-U.S........     106   3,107   (1,079)
                                   ------- ------- --------
                    Total.........  $3,560  $4,309  $ 2,966
                                   ======= ======= ========

                                   MLIC-113

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

15. Income Tax (continued)


  The reconciliation of the income tax provision at the U.S. statutory rate
(21% in 2019 and 2018; 35% in 2017) to the provision for income tax as reported
was as follows:

                                                        Years Ended December 31,
                                                        ------------------------
                                                         2019    2018     2017
                                                        ------  ------  --------
                                                              (In millions)
Tax provision at U.S. statutory rate...................  $ 748   $ 905   $ 1,039
Tax effect of:
Dividend received deduction............................    (36)    (34)      (65)
Tax-exempt income......................................    (40)    (13)      (49)
Prior year tax (1).....................................   (173)   (175)      (29)
Low income housing tax credits.........................   (254)   (284)     (278)
Other tax credits......................................    (43)    (77)     (101)
Foreign tax rate differential..........................     (7)     (8)       --
Change in valuation allowance..........................     (7)      1        --
U.S. Tax Reform impact (2) (3) (4).....................     (6)   (139)   (1,089)
Other, net.............................................    (34)     (3)       11
                                                        ------  ------  --------
  Provision for income tax expense (benefit)...........  $ 148   $ 173   $  (561)
                                                        ======  ======  ========
--------

(1) As discussed further below, prior year tax includes a non-cash benefit
    related to an uncertain tax position of $158 million and $168 million for
    the years ended December 31, 2019 and 2018, respectively.

(2) For the year ended December 31, 2019, U.S. Tax Reform impact includes a
    $6 million tax benefit related to the effect of sequestration on the
    alternative minimum tax credit.

(3) For the year ended December 31, 2018, U.S. Tax Reform impact includes a
    $139 million tax benefit related to the adjustment of deferred taxes due to
    the U.S. tax rate change. This excludes $12 million of tax provision at the
    U.S. statutory rate for a total tax reform benefit of $151 million.

(4) For the year ended December 31, 2017, U.S. Tax Reform impact of ($1.1)
    billion excludes ($23) million of tax provision at the U.S. statutory rate
    for a total tax reform benefit of ($1.1) billion.

  On December 22, 2017, President Trump signed into law U.S. Tax Reform. U.S.
Tax Reform includes numerous changes in tax law, including a permanent
reduction in the U.S. federal corporate income tax rate from 35% to 21%, which
took effect for taxable years beginning on or after January 1, 2018. U.S. Tax
Reform moves the United States from a worldwide tax system to a participation
exemption system by providing corporations a 100% dividends received deduction
for dividends distributed by a controlled foreign corporation. To transition to
that new system, U.S. Tax Reform imposed a one-time deemed repatriation tax on
unremitted earnings and profits at a rate of 8.0% for illiquid assets and 15.5%
for cash and cash equivalents.

  The Company recorded estimates of the impacts of U.S. Tax Reform in the
period of enactment, the fourth quarter of 2017. In 2018, these estimates were
updated in accordance with SAB 118. However, the impact of certain provisions
of U.S. Tax Reform remains uncertain. For instance, many regulations under the
new law have not been finalized or have only recently been finalized, including
certain rules on international taxation. As a result, the Company continued to
report additional revisions resulting from U.S. Tax Reform in 2019.

                                   MLIC-114

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

15. Income Tax (continued)


   The incremental financial statement impact related to U.S. Tax Reform was as
follows:

                                                                            Years Ended December 31,
                                                                      ------------------------------------
                                                                          2019        2018         2017
                                                                      -----------  ----------  -----------
                                                                           (In millions)
Income (loss) before provision for income tax........................  $       --   $     (58)  $      (66)
Provision for income tax expense (benefit):
Deferred tax revaluation.............................................          (6)       (151)      (1,112)
                                                                      -----------  ----------  -----------
 Total provision for income tax expense (benefit)....................          (6)       (151)      (1,112)
                                                                      -----------  ----------  -----------
Income (loss), net of income tax.....................................           6          93        1,046
Income tax (expense) benefit related to items of other comprehensive
  income (loss)......................................................          --          --          133
                                                                      -----------  ----------  -----------
Increase to net equity from U.S. Tax Reform..........................  $        6   $      93   $    1,179
                                                                      ===========  ==========  ===========

  In accordance with SAB 118 issued by the U.S. Securities and Exchange
Commission ("SEC") in December 2017, the Company recorded provisional amounts
for certain items for which the income tax accounting was not complete. For
these items, the Company recorded a reasonable estimate of the tax effects of
U.S. Tax Reform. The estimates were reported as provisional amounts during the
measurement period, which did not exceed one year from the date of enactment of
U.S. Tax Reform. In 2018, the Company reflected adjustments to its provisional
amounts upon obtaining, preparing, or analyzing additional information about
facts and circumstances that existed as of the enactment date that, if known,
would have affected the income tax effects initially reported as provisional
amounts. While the SAB 118 provisional measurement period ended December 31,
2018, the Company continued to revise certain U.S. Tax Reform amounts in 2019.

   As of December 31, 2017, the following items were considered provisional
estimates due to complexities and ambiguities in U.S. Tax Reform which resulted
in incomplete accounting for the tax effects of these provisions. Further
guidance, either legislative or interpretive, and analysis were completed and
updates were made to complete the accounting for these items during the
measurement period as of December 31, 2018 and subsequent to the measurement
period as of December 31, 2019:

   .  Deemed Repatriation Transition Tax - The Company recorded a $1 million
      charge for this item for the year ended December 31, 2017. For the years
      ended December 31, 2019 and 2018, the Company did not record an
      additional tax charge.

   .  Global Intangible Low-Tax Income ("GILTI") - U.S. Tax Reform imposes a
      minimum tax on GILTI, which is generally the excess income of foreign
      subsidiaries over a 10% rate of routine return on tangible business
      assets. For the year ended December 31, 2017, the Company did not record
      a tax charge for this item. In 2018, the Company established an
      accounting policy in which it treats taxes due on GILTI as a
      current-period expense when incurred. The Company did not record a tax
      charge for the years ended December 31, 2019 and 2018.

   .  Compensation and Fringe Benefits - U.S. Tax Reform limits certain
      employer deductions for fringe benefit and related expenses and also
      repeals the exception allowing the deduction of certain performance-based
      compensation paid to certain senior executives. The Company recorded an
      $8 million tax charge, included within the deferred tax revaluation as of
      December 31, 2017. The Company determined that no additional adjustment
      was required for the years ended December 31, 2019 and 2018.

   .  Alternative Minimum Tax Credits - U.S. Tax Reform eliminates the
      corporate alternative minimum tax and allows for minimum tax credit
      carryforwards to be used to offset future regular tax or to be refunded
      50% each tax year beginning in 2018, with any remaining balance fully
      refunded in 2021. However, pursuant to the requirements of the Balanced
      Budget and Emergency Deficit Control Act of 1985, as amended, refund
      payments issued for corporations claiming refundable prior year
      alternative minimum tax credits are subject to a sequestration rate of
      6.2%. The application of this fee to refunds in future years is subject
      to further guidance. Additionally, the sequestration reduction rate in
      effect at the time is subject to uncertainty. For the year ended
      December 31, 2017, the Company

                                   MLIC-115

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

15. Income Tax (continued)

      recorded a $7 million tax charge, included within the deferred tax
      revaluation. For the year ended December 31, 2018, the Company determined
      that no additional adjustment was required. In early 2019, the Internal
      Revenue Service ("IRS") issued guidance indicating that for years
      beginning after December 31, 2017, refund payments and credit elect and
      refund offset transactions due to refundable alternative minimum tax
      credits will not be subject to the sequestration fee. Accordingly, to
      reflect this guidance the Company recorded a $6 million tax benefit in
      2019.

   .  Tax Credit Partnerships - The reduction in the federal corporate income
      tax rate due to U.S. Tax Reform required adjustments for multiple
      investment portfolios, including tax credit partnerships and
      tax-advantaged leveraged leases. Certain tax credit partnership
      investments derive returns in part from income tax credits. The Company
      recognizes changes in tax attributes at the partnership level when
      reported by the investee in its financial information. The Company did
      not receive the necessary investee financial information to determine the
      impact of U.S. Tax Reform on the tax attributes of its tax credit
      partnership investments until the third quarter of 2018. Accordingly,
      prior to the third quarter of 2018, the Company applied prior law to
      these equity method investments in accordance with SAB 118. For the year
      ended December 31, 2018, after receiving additional investee information,
      a reduction in tax credit partnerships' equity method income of
      $46 million, net of income tax, was included in net investment income.
      The tax-advantaged leveraged lease portfolio is valued on an after-tax
      yield basis. In 2018, the Company received third party data that was used
      to complete a comprehensive review of its portfolio to determine the full
      and complete impact of U.S. Tax Reform on these investments. As a result
      of this review, a tax benefit of $126 million was recorded for the year
      ended December 31, 2018. No additional adjustment was required for the
      year ended December 31, 2019.

  Deferred income tax represents the tax effect of the differences between the
book and tax bases of assets and liabilities. Net deferred income tax assets
and liabilities consisted of the following at:

                                                        December 31,
                                                       ---------------
                                                         2019    2018
                                                       -------  ------
                                                        (In millions)
         Deferred income tax assets:
         Policyholder liabilities and receivables..... $ 1,305  $1,182
         Net operating loss carryforwards (1).........      82      94
         Employee benefits............................     486     518
         Tax credit carryforwards (2).................   1,161   1,038
         Litigation-related and government mandated...     119     131
         Other........................................     407     347
                                                       -------  ------
           Total gross deferred income tax assets.....   3,560   3,310
         Less: Valuation allowance....................      80      93
                                                       -------  ------
           Total net deferred income tax assets.......   3,480   3,217
                                                       -------  ------
         Deferred income tax liabilities:
         Investments, including derivatives...........   1,796   1,597
         Intangibles..................................      33      32
         DAC..........................................     500     558
         Net unrealized investment gains..............   2,719     987
                                                       -------  ------
           Total deferred income tax liabilities......   5,048   3,174
                                                       -------  ------
           Net deferred income tax asset (liability).. $(1,568) $   43
                                                       =======  ======
--------

(1) The Company has recorded a deferred tax asset of $82 million primarily
    related to U.S. state net operating loss carryforwards and an offsetting
    valuation allowance for the year ended December 31, 2019. U.S. state net
    operating loss carryforwards will expire between 2020 and 2039, whereas
    others have an unlimited carryforward period. The valuation

                                   MLIC-116

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

15. Income Tax (continued)

    allowance reflects management's assessment, based on available information,
    that it is more likely than not that the deferred income tax asset for
    certain U.S. state net operating loss carryforwards will not be realized.
    The tax benefit will be recognized when management believes that it is more
    likely than not that these deferred income tax assets are realizable.

(2) Tax credit carryforwards for the year ended December 31, 2019 primarily
    reflect general business credits expiring between 2036 and 2039 and are
    reduced by $194 million related to unrecognized tax benefits.

  Certain deferred income tax amounts at December 31, 2018 have been
reclassified to conform to the 2019 presentation. The reclassification did not
result in a change to the prior year net deferred income tax asset (liability)
balance. The significant impacts related to deferred income tax assets were a
$309 million decrease to Policyholder liabilities and receivables and a
$347 million increase to Other. The significant impacts related to deferred
income tax liabilities were a $81 million increase to Investments, including
derivatives, and a $43 million decrease to Other. Additionally, the deferred
income tax asset for Net operating loss carryforwards and offsetting Valuation
allowance both increased by $72 million. The reclassifications resulted from a
comprehensive review in 2019 of the tax effects between the book and tax bases
of assets and liabilities, primarily with respect to the Company's U.S.
businesses.

  The Company participates in a tax sharing agreement with MetLife, Inc., as
described in Note 1. Pursuant to this tax sharing agreement, the amounts due
from affiliates included $43 million and $27 million for the years ended
December 31, 2019 and 2018, respectively.

   The Company files income tax returns with the U.S. federal government and
various U.S. state and local jurisdictions, as well as non-U.S. jurisdictions.
The Company is under continuous examination by the IRS and other tax
authorities in jurisdictions in which the Company has significant business
operations. The income tax years under examination vary by jurisdiction and
subsidiary. The Company is no longer subject to U.S. federal, state, or local
income tax examinations for years prior to 2007, except for refund claims filed
in 2017 with the IRS for 2000 through 2002 to recover tax and interest
predominantly related to the disallowance of certain foreign tax credits for
which the Company received a statutory notice of deficiency in 2015 and paid
the tax thereon. The disallowed foreign tax credits relate to certain non-U.S.
investments held by Metropolitan Life Insurance Company in support of its life
insurance business through a United Kingdom investment subsidiary that was
structured as a joint venture until early 2009.

   For tax years 2000 through 2002 and tax years 2007 through 2009, the Company
entered into binding agreements with the IRS in 2019 under which all remaining
issues regarding the foreign tax credit matter noted above were resolved.
Accordingly, in 2019, the Company recorded a non-cash benefit to net income of
$226 million, net of tax, comprised of a $158 million tax benefit recorded in
provision for income tax expense (benefit) and a $86 million interest benefit
($68 million, net of tax) included in other expenses. For tax years 2003
through 2006, the Company entered into binding agreements with the IRS in 2018
under which all remaining issues, including the foreign tax credit matter noted
above, were resolved. Accordingly, in 2018, the Company recorded a non-cash
benefit to net income of $349 million, net of tax, comprised of a $168 million
tax benefit recorded in provision for income tax expense (benefit) and a
$229 million interest benefit ($181 million, net of tax) included in other
expenses. For tax years 2007 through 2009 (which are the subject of the current
IRS examination), the Company has established adequate reserves for tax
liabilities.

   The Company's overall liability for unrecognized tax benefits may increase
or decrease in the next 12 months. For example, U.S. federal tax legislation
and regulation could impact unrecognized tax benefits. A reasonable estimate of
the increase or decrease cannot be made at this time. However, the Company
continues to believe that the ultimate resolution of the pending issues will
not result in a material change to its consolidated financial statements,
although the resolution of income tax matters could impact the Company's
effective tax rate for a particular future period.

                                   MLIC-117

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

15. Income Tax (continued)


   A reconciliation of the beginning and ending amount of unrecognized tax
benefits was as follows:

                                                         Years Ended December 31,
                                                         ---------------------
                                                          2019      2018    2017
                                                         ------    ------  -----
                                                             (In millions)
 Balance at January 1,..................................  $ 442     $ 890   $931
 Additions for tax positions of prior years.............     --         3     --
 Reductions for tax positions of prior years (1)........   (158)     (169)   (38)
 Additions for tax positions of current year............      3         3      4
 Reductions for tax positions of current year...........     --        --    (1)
 Settlements with tax authorities (2)...................   (254)     (285)    (6)
                                                         ------    ------  -----
 Balance at December 31,................................  $  33     $ 442   $890
                                                         ======    ======  =====
 Unrecognized tax benefits that, if recognized, would
  impact the effective rate.............................  $  33     $ 442   $890
                                                         ======    ======  =====
--------

(1) The decreases are primarily related to non-cash benefits from tax audit
    settlements.

(2) The decreases in 2019 and 2018 are primarily related to the tax audit
    settlement, of which $251 million and $284 million, respectively, was
    reclassified to the current income tax payable account.

   The Company classifies interest accrued related to unrecognized tax benefits
in interest expense, included within other expenses.

   Interest was as follows:

                                                           Years Ended December 31,
                                                           ------------------------
                                                            2019     2018    2017
                                                           ------   -----    ----
                                                             (In millions)
   Interest expense (benefit) recognized on the
     consolidated statements of operations (1)............ $(187)   $(457)   $ 47

                                                                    December 31,
                                                                    ---------------
                                                                     2019    2018
                                                                    -----    ----
                                                                    (In millions)
   Interest included in other liabilities on the
     consolidated balance sheets..........................          $   9    $196
--------

(1) The decreases in 2019 and 2018 are primarily related to the tax audit
    settlement, of which $68 million and $184 million, respectively, was
    recorded in other expenses and $119 million and $273 million, respectively,
    was reclassified to the current income tax payable account.

16. Contingencies, Commitments and Guarantees

Contingencies

  Litigation

     The Company is a defendant in a large number of litigation matters.
  Putative or certified class action litigation and other litigation and claims
  and assessments against the Company, in addition to those discussed below and
  those otherwise provided for in the Company's consolidated financial
  statements, have arisen in the course of the Company's business, including,
  but not limited to, in connection with its activities as an insurer, mortgage
  lending bank, employer, investor, investment advisor, broker-dealer, and
  taxpayer.

                                   MLIC-118

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

16. Contingencies, Commitments and Guarantees (continued)


     The Company also receives and responds to subpoenas or other inquiries
  seeking a broad range of information from state regulators, including state
  insurance commissioners; state attorneys general or other state governmental
  authorities; federal regulators, including the SEC; federal governmental
  authorities, including congressional committees; and the Financial Industry
  Regulatory Authority, as well as from local and national regulators and
  government authorities in jurisdictions outside the United States where the
  Company conducts business. The issues involved in information requests and
  regulatory matters vary widely, but can include inquiries or investigations
  concerning the Company's compliance with applicable insurance and other laws
  and regulations. The Company cooperates in these inquiries.

     In some of the matters, very large and/or indeterminate amounts, including
  punitive and treble damages, are sought. Modern pleading practice in the U.S.
  permits considerable variation in the assertion of monetary damages or other
  relief. Jurisdictions may permit claimants not to specify the monetary
  damages sought or may permit claimants to state only that the amount sought
  is sufficient to invoke the jurisdiction of the trial court. In addition,
  jurisdictions may permit plaintiffs to allege monetary damages in amounts
  well exceeding reasonably possible verdicts in the jurisdiction for similar
  matters. This variability in pleadings, together with the actual experience
  of the Company in litigating or resolving through settlement numerous claims
  over an extended period of time, demonstrates to management that the monetary
  relief which may be specified in a lawsuit or claim bears little relevance to
  its merits or disposition value.

     It is not possible to predict the ultimate outcome of all pending
  investigations and legal proceedings. The Company establishes liabilities for
  litigation and regulatory loss contingencies when it is probable that a loss
  has been incurred and the amount of the loss can be reasonably estimated.
  Liabilities have been established for a number of the matters noted below. It
  is possible that some of the matters could require the Company to pay damages
  or make other expenditures or establish accruals in amounts that could not be
  reasonably estimated at December 31, 2019. While the potential future charges
  could be material in the particular quarterly or annual periods in which they
  are recorded, based on information currently known to management, management
  does not believe any such charges are likely to have a material effect on the
  Company's financial position. Given the large and/or indeterminate amounts
  sought in certain of these matters and the inherent unpredictability of
  litigation, it is possible that an adverse outcome in certain matters could,
  from time to time, have a material effect on the Company's consolidated net
  income or cash flows in particular quarterly or annual periods.

  Matters as to Which an Estimate Can Be Made

     For some of the matters disclosed below, the Company is able to estimate a
  reasonably possible range of loss. For matters where a loss is believed to be
  reasonably possible, but not probable, the Company has not made an accrual.
  As of December 31, 2019, the Company estimates the aggregate range of
  reasonably possible losses in excess of amounts accrued for these matters to
  be $0 to $175 million.

  Matters as to Which an Estimate Cannot Be Made

     For other matters disclosed below, the Company is not currently able to
  estimate the reasonably possible loss or range of loss. The Company is often
  unable to estimate the possible loss or range of loss until developments in
  such matters have provided sufficient information to support an assessment of
  the range of possible loss, such as quantification of a damage demand from
  plaintiffs, discovery from other parties and investigation of factual
  allegations, rulings by the court on motions or appeals, analysis by experts,
  and the progress of settlement negotiations. On a quarterly and annual basis,
  the Company reviews relevant information with respect to litigation
  contingencies and updates its accruals, disclosures and estimates of
  reasonably possible losses or ranges of loss based on such reviews.

  Asbestos-Related Claims

     Metropolitan Life Insurance Company is and has been a defendant in a large
  number of asbestos-related suits filed primarily in state courts. These suits
  principally allege that the plaintiff or plaintiffs suffered personal injury
  resulting from exposure to asbestos and seek both actual and punitive
  damages. Metropolitan Life Insurance Company has never engaged in the
  business of manufacturing, producing, distributing or selling asbestos or
  asbestos-containing products nor has Metropolitan Life Insurance Company
  issued liability or workers' compensation insurance to companies in the
  business of manufacturing, producing, distributing or selling asbestos or
  asbestos-containing products. The lawsuits principally have focused on
  allegations with respect to certain research, publication and other
  activities of one or more of Metropolitan Life

                                   MLIC-119

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

16. Contingencies, Commitments and Guarantees (continued)

  Insurance Company's employees during the period from the 1920's through
  approximately the 1950's and allege that Metropolitan Life Insurance Company
  learned or should have learned of certain health risks posed by asbestos and,
  among other things, improperly publicized or failed to disclose those health
  risks. Metropolitan Life Insurance Company believes that it should not have
  legal liability in these cases. The outcome of most asbestos litigation
  matters, however, is uncertain and can be impacted by numerous variables,
  including differences in legal rulings in various jurisdictions, the nature
  of the alleged injury and factors unrelated to the ultimate legal merit of
  the claims asserted against Metropolitan Life Insurance Company. Metropolitan
  Life Insurance Company employs a number of resolution strategies to manage
  its asbestos loss exposure, including seeking resolution of pending
  litigation by judicial rulings and settling individual or groups of claims or
  lawsuits under appropriate circumstances.

      Claims asserted against Metropolitan Life Insurance Company have included
   negligence, intentional tort and conspiracy concerning the health risks
   associated with asbestos. Metropolitan Life Insurance Company's defenses
   (beyond denial of certain factual allegations) include that:
   (i) Metropolitan Life Insurance Company owed no duty to the plaintiffs -- it
   had no special relationship with the plaintiffs and did not manufacture,
   produce, distribute or sell the asbestos products that allegedly injured
   plaintiffs; (ii) plaintiffs did not rely on any actions of Metropolitan Life
   Insurance Company; (iii) Metropolitan Life Insurance Company's conduct was
   not the cause of the plaintiffs' injuries; (iv) plaintiffs' exposure
   occurred after the dangers of asbestos were known; and (v) the applicable
   time with respect to filing suit has expired. During the course of the
   litigation, certain trial courts have granted motions dismissing claims
   against Metropolitan Life Insurance Company, while other trial courts have
   denied Metropolitan Life Insurance Company's motions. There can be no
   assurance that Metropolitan Life Insurance Company will receive favorable
   decisions on motions in the future. While most cases brought to date have
   settled, Metropolitan Life Insurance Company intends to continue to defend
   aggressively against claims based on asbestos exposure, including defending
   claims at trials.

      The approximate total number of asbestos personal injury claims pending
   against Metropolitan Life Insurance Company as of the dates indicated, the
   approximate number of new claims during the years ended on those dates and
   the approximate total settlement payments made to resolve asbestos personal
   injury claims at or during those years are set forth in the following table:

                                                 December 31,
                                    --------------------------------------
                                        2019         2018         2017
                                    ------------ ------------ ------------
                                    (In millions, except number of claims)
     Asbestos personal injury
      claims at year end...........       61,134       62,522       62,930
     Number of new claims during
      the year.....................        3,187        3,359        3,514
     Settlement payments during
      the year (1)................. $       49.4 $       51.4 $       48.6
-------------

(1) Settlement payments represent payments made by Metropolitan Life Insurance
    Company during the year in connection with settlements made in that year
    and in prior years. Amounts do not include Metropolitan Life Insurance
    Company's attorneys' fees and expenses.

      The number of asbestos cases that may be brought, the aggregate amount of
   any liability that Metropolitan Life Insurance Company may incur, and the
   total amount paid in settlements in any given year are uncertain and may
   vary significantly from year to year.

      The ability of Metropolitan Life Insurance Company to estimate its
   ultimate asbestos exposure is subject to considerable uncertainty, and the
   conditions impacting its liability can be dynamic and subject to change. The
   availability of reliable data is limited and it is difficult to predict the
   numerous variables that can affect liability estimates, including the number
   of future claims, the cost to resolve claims, the disease mix and severity
   of disease in pending and future claims, the impact of the number of new
   claims filed in a particular jurisdiction and variations in the law in the
   jurisdictions in which claims are filed, the possible impact of tort reform
   efforts, the willingness of courts to allow plaintiffs to pursue claims
   against Metropolitan Life Insurance Company when exposure to asbestos took
   place after the dangers of asbestos exposure were well known, and the impact
   of any possible future adverse verdicts and their amounts.

                                   MLIC-120

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

16. Contingencies, Commitments and Guarantees (continued)


      The ability to make estimates regarding ultimate asbestos exposure
   declines significantly as the estimates relate to years further in the
   future. In the Company's judgment, there is a future point after which
   losses cease to be probable and reasonably estimable. It is reasonably
   possible that the Company's total exposure to asbestos claims may be
   materially greater than the asbestos liability currently accrued and that
   future charges to income may be necessary. While the potential future
   charges could be material in the particular quarterly or annual periods in
   which they are recorded, based on information currently known by management,
   management does not believe any such charges are likely to have a material
   effect on the Company's financial position.

      The Company believes adequate provision has been made in its consolidated
   financial statements for all probable and reasonably estimable losses for
   asbestos-related claims. Metropolitan Life Insurance Company's recorded
   asbestos liability is based on its estimation of the following elements, as
   informed by the facts presently known to it, its understanding of current
   law and its past experiences: (i) the probable and reasonably estimable
   liability for asbestos claims already asserted against Metropolitan Life
   Insurance Company, including claims settled but not yet paid; (ii) the
   probable and reasonably estimable liability for asbestos claims not yet
   asserted against Metropolitan Life Insurance Company, but which Metropolitan
   Life Insurance Company believes are reasonably probable of assertion; and
   (iii) the legal defense costs associated with the foregoing claims.
   Significant assumptions underlying Metropolitan Life Insurance Company's
   analysis of the adequacy of its recorded liability with respect to asbestos
   litigation include: (i) the number of future claims; (ii) the cost to
   resolve claims; and (iii) the cost to defend claims.

      Metropolitan Life Insurance Company reevaluates on a quarterly and annual
   basis its exposure from asbestos litigation, including studying its claims
   experience, reviewing external literature regarding asbestos claims
   experience in the United States, assessing relevant trends impacting
   asbestos liability and considering numerous variables that can affect its
   asbestos liability exposure on an overall or per claim basis. These
   variables include bankruptcies of other companies involved in asbestos
   litigation, legislative and judicial developments, the number of pending
   claims involving serious disease, the number of new claims filed against it
   and other defendants and the jurisdictions in which claims are pending.
   Based upon its regular reevaluation of its exposure from asbestos
   litigation, Metropolitan Life Insurance Company has updated its recorded
   liability for asbestos-related claims to $457 million at December 31, 2019.

   Sun Life Assurance Company of Canada Indemnity Claim

      In 2006, Sun Life Assurance Company of Canada ("Sun Life"), as successor
   to the purchaser of Metropolitan Life Insurance Company's Canadian
   operations, filed a lawsuit in Toronto, seeking a declaration that
   Metropolitan Life Insurance Company remains liable for "market conduct
   claims" related to certain individual life insurance policies sold by
   Metropolitan Life Insurance Company that were subsequently transferred to
   Sun Life. In January 2010, the court found that Sun Life had given timely
   notice of its claim for indemnification but, because it found that Sun Life
   had not yet incurred an indemnifiable loss, granted Metropolitan Life
   Insurance Company's motion for summary judgment. In September 2010, Sun Life
   notified Metropolitan Life Insurance Company that a purported class action
   lawsuit was filed against Sun Life in Toronto alleging sales practices
   claims regarding the policies sold by Metropolitan Life Insurance Company
   and transferred to Sun Life (the "Ontario Litigation"). On August 30, 2011,
   Sun Life notified Metropolitan Life Insurance Company that another purported
   class action lawsuit was filed against Sun Life in Vancouver, BC alleging
   sales practices claims regarding certain of the same policies sold by
   Metropolitan Life Insurance Company and transferred to Sun Life. Sun Life
   contends that Metropolitan Life Insurance Company is obligated to indemnify
   Sun Life for some or all of the claims in these lawsuits. In September 2018,
   the Court of Appeal for Ontario affirmed the lower court's decision to not
   certify the sales practices claims in the Ontario Litigation. These sales
   practices cases against Sun Life are ongoing, and the Company is unable to
   estimate the reasonably possible loss or range of loss arising from this
   litigation.

   Owens v. Metropolitan Life Insurance Company (N.D. Ga., filed April 17, 2014)

      Plaintiff filed this class action lawsuit on behalf of persons for whom
   Metropolitan Life Insurance Company established a Total Control Account
   ("TCA") to pay death benefits under an ERISA plan. The action alleged that
   Metropolitan Life Insurance Company's use of the TCA as the settlement
   option for life insurance benefits under some group life insurance policies
   violated Metropolitan Life Insurance Company's fiduciary duties under ERISA.
   On September 27, 2016, the court denied Metropolitan Life Insurance
   Company's summary judgment motion in full and granted plaintiff's partial
   summary judgment motion. On September 29, 2017, the court certified a
   nationwide class. On

                                   MLIC-121

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

16. Contingencies, Commitments and Guarantees (continued)

   November 19, 2019, the court approved a settlement in which Metropolitan
   Life Insurance Company agreed to pay $80 million to resolve the claims of
   all class members. The settlement does not include or constitute an
   admission, concession, or finding of any fault, liability, or wrongdoing by
   Metropolitan Life Insurance Company. The Company accrued the full amount of
   the settlement payment in prior periods and the payment was made.

   Martin v. Metropolitan Life Insurance Company (Superior Court of the State
   of California, County of Contra Costa, filed December 17, 2015)

      Plaintiffs filed this putative class action lawsuit on behalf of
   themselves and all California persons who have been charged compound
   interest by Metropolitan Life Insurance Company in life insurance policy
   and/or premium loan balances within the last four years. Plaintiffs allege
   that Metropolitan Life Insurance Company has engaged in a pattern and
   practice of charging compound interest on life insurance policy and premium
   loans without the borrower authorizing such compounding, and that this
   constitutes an unlawful business practice under California law. Plaintiffs
   assert causes of action for declaratory relief, violation of California's
   Unfair Competition Law and Usury Law, and unjust enrichment. Plaintiffs seek
   declaratory and injunctive relief, restitution of interest, and damages in
   an unspecified amount. On April 12, 2016, the court granted Metropolitan
   Life Insurance Company's motion to dismiss. Plaintiffs appealed this ruling
   to the United States Court of Appeals for the Ninth Circuit. The Ninth
   Circuit dismissed the appeal on December 2, 2019.

   Newman v. Metropolitan Life Insurance Company (N.D. Ill., filed March 23,
   2016)

      Plaintiff filed this putative class action alleging causes of action for
   breach of contract, fraud, and violations of the Illinois Consumer Fraud and
   Deceptive Business Practices Act, on behalf of herself and all persons over
   age 65 who selected a Reduced Pay at Age 65 payment feature on their
   long-term care insurance policies and whose premium rates were increased
   after age 65. Plaintiff seeks unspecified compensatory, statutory and
   punitive damages, as well as recessionary and injunctive relief. On
   April 12, 2017, the court granted Metropolitan Life Insurance Company's
   motion to dismiss the action. Plaintiff appealed this ruling and the United
   States Court of Appeals for the Seventh Circuit reversed and remanded the
   case to the district court for further proceedings. On February 20, 2020,
   the district court approved a nationwide class settlement of the case. The
   Company accrued the full amount of the expected settlement payment in prior
   periods.

   Julian & McKinney v. Metropolitan Life Insurance Company (S.D.N.Y., filed
   February 9, 2017)

      Plaintiffs filed this putative class and collective action on behalf of
   themselves and all current and former long-term disability ("LTD") claims
   specialists between February 2011 and the present for alleged wage and hour
   violations under the Fair Labor Standards Act, the New York Labor Law, and
   the Connecticut Minimum Wage Act. The suit alleges that Metropolitan Life
   Insurance Company improperly reclassified the plaintiffs and similarly
   situated LTD claims specialists from non-exempt to exempt from overtime pay
   in November 2013. As a result, they and members of the putative class were
   no longer eligible for overtime pay even though they allege they continued
   to work more than 40 hours per week. Plaintiffs seek unspecified
   compensatory and punitive damages, as well as other relief. On March 22,
   2018, the Court conditionally certified the case as a collective action,
   requiring that notice be mailed to LTD claims specialists who worked for the
   Company from February 8, 2014 to the present. The Company intends to defend
   this action vigorously.

   Total Asset Recovery Services, LLC. v. MetLife, Inc., et al. (Supreme Court
   of the State of New York, County of New York, filed December 27, 2017)

      Total Asset Recovery Services ("The Relator") brought an action under the
   qui tam provision of the New York False Claims Act (the "Act") on behalf of
   itself and the State of New York. The Relator originally filed this action
   under seal in 2010, and the complaint was unsealed on December 19, 2017. The
   Relator alleges that MetLife, Inc., Metropolitan Life Insurance Company, and
   several other insurance companies violated the Act by filing false unclaimed
   property reports with the State of New York from 1986 to 2017, to avoid
   having to escheat the proceeds of more than 25,000 life insurance policies,
   including policies for which the defendants escheated funds as part of their
   demutualizations in the late 1990s. The Relator seeks treble damages and
   other relief. On April 3, 2019, the court granted MetLife, Inc.'s and
   Metropolitan Life Insurance Company's motion to dismiss and dismissed the
   complaint in its entirety. The Relator filed an appeal with the Appellate
   Division of the New York State Supreme Court, First Division.

                                   MLIC-122

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

16. Contingencies, Commitments and Guarantees (continued)


   Miller, et al. v. Metropolitan Life Insurance Company (S.D.N.Y., filed
   January 4, 2019)

      Plaintiffs filed a second amended complaint in this putative class
   action, purporting to assert claims on behalf of all persons who replaced
   their MetLife Optional Term Life or Group Universal Life policy with a Group
   Variable Universal Life policy wherein Metropolitan Life Insurance Company
   allegedly charged smoker rates for certain non-smokers. Plaintiffs seek
   unspecified compensatory and punitive damages, as well as other relief. On
   September 17, 2019, the Court granted the Company's motion to dismiss
   plaintiffs' second amended complaint and dismissed the case in its entirety.
   Plaintiffs filed an appeal with the United States Court of Appeals for the
   Second Circuit.

   Regulatory and Litigation Matters Related to Group Annuity Benefits

      In 2018, the Company announced that it identified a material weakness in
   its internal control over financial reporting related to the practices and
   procedures for estimating reserves for certain group annuity benefits.
   Several regulators have made inquiries into this issue and it is possible
   that other jurisdictions may pursue similar investigations or inquiries. The
   Company is also exposed to lawsuits and could be exposed to additional legal
   actions relating to this issue. These may result in payments, including
   damages, fines, penalties, interest and other amounts assessed or awarded by
   courts or regulatory authorities under applicable escheat, tax, securities,
   ERISA, or other laws or regulations. The Company could incur significant
   costs in connection with these actions.

   Litigation Matters

     Atkins et. al. v. MetLife, Inc., et. al. (D.Nev., filed November 18, 2019)

        Plaintiffs filed this putative class action on behalf of all persons
     due benefits under group annuity contracts but who did not receive the
     entire amount to which they were entitled. Plaintiffs assert claims for
     breach of contract, breach of fiduciary duty, breach of implied covenant
     of good faith and fair dealing, unjust enrichment, and conversion based on
     allegations that the defendants failed to timely pay annuity benefits to
     certain group annuitants. Plaintiffs seek declaratory and injunctive
     relief, as well as unspecified compensatory and punitive damages, and
     other relief. Defendants intend to defend this action vigorously.

  Insolvency Assessments

     Many jurisdictions in which the Company is admitted to transact business
  require insurers doing business within the jurisdiction to participate in
  guaranty associations, which are organized to pay contractual benefits owed
  pursuant to insurance policies issued by impaired, insolvent or failed
  insurers or those that may become impaired, insolvent or fail. These
  associations levy assessments, up to prescribed limits, on all member
  insurers in a particular jurisdiction on the basis of the proportionate share
  of the premiums written by member insurers in the lines of business in which
  the impaired, insolvent or failed insurer engaged. In addition, certain
  jurisdictions have government owned or controlled organizations providing
  life, health and property and casualty insurance to their citizens, whose
  activities could place additional stress on the adequacy of guaranty fund
  assessments. Many of these organizations have the power to levy assessments
  similar to those of the guaranty associations. Some jurisdictions permit
  member insurers to recover assessments paid through full or partial premium
  tax offsets.

     Assets and liabilities held for insolvency assessments were as follows:

                                                        December 31,
                                                  -------------------------
                                                      2019         2018
                                                  ------------ ------------
                                                        (In millions)
    Other Assets:
    Premium tax offset for future discounted and
     undiscounted assessments....................  $        38  $        42
    Premium tax offset currently available for
     paid assessments............................           39           43
                                                  ------------ ------------
     Total.......................................  $        77  $        85
                                                  ============ ============
    Other Liabilities:
    Insolvency assessments.......................  $        53  $        57
                                                  ============ ============


                                   MLIC-123

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)

16. Contingencies, Commitments and Guarantees (continued)

  Mortgage Loan Commitments

     The Company commits to lend funds under mortgage loan commitments. The
  amounts of these mortgage loan commitments were $3.7 billion and $3.6 billion
  at December 31, 2019 and 2018, respectively.

  Commitments to Fund Partnership Investments, Bank Credit Facilities, Bridge
  Loans and Private Corporate Bond Investments

     The Company commits to fund partnership investments and to lend funds
  under bank credit facilities, bridge loans and private corporate bond
  investments. The amounts of these unfunded commitments were $4.6 billion at
  both December 31, 2019 and 2018.

Guarantees

   In the normal course of its business, the Company has provided certain
indemnities, guarantees and commitments to third parties such that it may be
required to make payments now or in the future. In the context of acquisition,
disposition, investment and other transactions, the Company has provided
indemnities and guarantees, including those related to tax, environmental and
other specific liabilities and other indemnities and guarantees that are
triggered by, among other things, breaches of representations, warranties or
covenants provided by the Company. In addition, in the normal course of
business, the Company provides indemnifications to counterparties in contracts
with triggers similar to the foregoing, as well as for certain other
liabilities, such as third-party lawsuits. These obligations are often subject
to time limitations that vary in duration, including contractual limitations
and those that arise by operation of law, such as applicable statutes of
limitation. In some cases, the maximum potential obligation under the
indemnities and guarantees is subject to a contractual limitation ranging from
less than $1 million to $392 million, with a cumulative maximum of
$534 million, while in other cases such limitations are not specified or
applicable. Since certain of these obligations are not subject to limitations,
the Company does not believe that it is possible to determine the maximum
potential amount that could become due under these guarantees in the future.
Management believes that it is unlikely the Company will have to make any
material payments under these indemnities, guarantees, or commitments.

   In addition, the Company indemnifies its directors and officers as provided
in its charters and by-laws. Also, the Company indemnifies its agents for
liabilities incurred as a result of their representation of the Company's
interests. Since these indemnities are generally not subject to limitation with
respect to duration or amount, the Company does not believe that it is possible
to determine the maximum potential amount that could become due under these
indemnities in the future.

   The Company's recorded liabilities were $3 million and $5 million at
December 31, 2019 and 2018, respectively, for indemnities, guarantees and
commitments.

17. Quarterly Results of Operations (Unaudited)

   The unaudited quarterly results of operations for 2019 and 2018 are
summarized in the table below:

                                              Three Months Ended
                                 --------------------------------------------
                                 March 31, June 30, September 30, December 31,
                                 --------- -------- ------------- ------------
                                                 (In millions)
  2019
  Total revenues................ $  8,237  $  9,146   $  10,810     $  8,056
  Total expenses................ $  7,729  $  7,923   $   9,238     $  7,799
  Net income (loss)............. $    508  $  1,067   $   1,339     $    498
  Less: Net income (loss)
   attributable to
   noncontrolling interests..... $      1  $     --   $       1     $     (8)
  Net income (loss)
   attributable to Metropolitan
   Life Insurance Company....... $    507  $  1,067   $   1,338     $    506
  2018
  Total revenues................ $  8,446  $ 14,809   $   9,751     $  9,155
  Total expenses................ $  7,711  $ 13,709   $   8,847     $  7,585
  Net income (loss)............. $    672  $  1,007   $     816     $  1,641
  Less: Net income (loss)
   attributable to
   noncontrolling interests..... $      3  $      5   $       2     $     (4)
  Net income (loss)
   attributable to Metropolitan
   Life Insurance Company....... $    669  $  1,002   $     814     $  1,645

                                   MLIC-124

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

         Notes to the Consolidated Financial Statements -- (continued)


18. Related Party Transactions

Service Agreements

   The Company has entered into various agreements with affiliates for services
necessary to conduct its activities. Typical services provided under these
agreements include personnel, policy administrative functions and distribution
services. The bases for such charges are modified and adjusted by management
when necessary or appropriate to reflect fairly and equitably the actual cost
incurred by the Company and/or its affiliate. Expenses and fees incurred with
affiliates related to these agreements, recorded in other expenses, were
$2.9 billion, $2.1 billion and $2.2 billion for the years ended December 31,
2019, 2018 and 2017, respectively. Total revenues received from affiliates
related to these agreements were $29 million, $135 million and $234 million for
the years ended December 31, 2019, 2018 and 2017, respectively.

   Prior to 2019, the Company also entered into agreements with affiliates to
provide additional services necessary to conduct the affiliates' activities.
Typical services provided under these agreements included management, policy
administrative functions, investment advice and distribution services. Expenses
incurred by the Company related to these agreements, included in other
expenses, were $1.1 billion and $1.4 billion for the years ended December 31,
2018 and 2017, respectively, and were reimbursed to the Company by these
affiliates.

   In 2018, the Company and the MetLife enterprise updated their shared
facilities and services structure to more efficiently share enterprise assets
and services. Effective as of October 1, 2018, the Company entered into new
service agreements with its affiliates, which replaced existing agreements.
Under the new agreements, the Company will no longer be the primary provider of
services to affiliates and will receive further services from affiliates to
conduct its activities.

   The Company had net payables to affiliates, related to the items discussed
above, of $250 million and $181 million at December 31, 2019 and 2018,
respectively.

   See Notes 1, 5, 7, 11, 12 and 14 for additional information on related party
transactions. Also, see Note 5 for information related to the separation of
Brighthouse.

                                   MLIC-125

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

                                  Schedule I

                    Consolidated Summary of Investments --
                   Other Than Investments in Related Parties
                               December 31, 2019

                                 (In millions)

                                                          Estimated       Amount at
                                      Cost or             Fair            Which Shown on
                                   Amortized Cost (1)     Value         Balance Sheet
Types of Investments           ---------------------- ------------- ----------------------
Fixed maturity securities AFS:
Bonds:
U.S. government and agency.... $               25,568      $ 29,248 $               29,248
Public utilities..............                  6,497         7,517                  7,517
Municipals....................                  6,419         7,856                  7,856
Foreign government............                  4,329         5,006                  5,006
All other corporate bonds.....                 73,628        80,409                 80,409
                               ---------------------- ------------- ----------------------
 Total bonds..................                116,441       130,036                130,036
Mortgage-backed and
 asset-backed securities......                 37,214        38,694                 38,694
Redeemable preferred stock....                    742           834                    834
                               ---------------------- ------------- ----------------------
 Total fixed maturity
   securities AFS.............                154,397       169,564                169,564
                               ---------------------- ------------- ----------------------
Mortgage loans................                 65,549                               65,549
Policy loans..................                  6,100                                6,100
Real estate and real estate
 joint ventures...............                  6,624                                6,624
Real estate acquired in
 satisfaction of debt.........                     35                                   35
Other limited partnership
 interests....................                  4,954                                4,954
Short-term investments........                  1,883                                1,883
Other invested assets.........                 16,979                               16,979
                               ----------------------               ----------------------
 Total investments............ $              256,521               $              271,688
                               ======================               ======================
--------

(1) Amortized cost for fixed maturity securities AFS and mortgage loans
    represents original cost reduced by repayments, valuation allowances and
    impairments from other-than-temporary declines in estimated fair value that
    are charged to earnings and adjusted for amortization of premium or
    accretion of discount; for real estate, cost represents original cost
    reduced by impairments and depreciation; for real estate joint ventures and
    other limited partnership interests, cost represents original cost reduced
    for impairments or original cost adjusted for equity in earnings and
    distributions.

                                   MLIC-126

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

                                 Schedule III
               Consolidated Supplementary Insurance Information
                          December 31, 2019 and 2018

                                 (In millions)

                                        Future Policy Benefits,
                                         Other Policy-Related
                                 DAC         Balances and       Policyholder  Policyholder
                                 and     Policyholder Dividend    Account      Dividends       Unearned        Unearned
Segment                          VOBA         Obligation          Balances      Payable    Premiums (1), (2)  Revenue (1)
-----------------------------  -------- ----------------------- ------------  ------------ ----------------- ------------
2019
U.S........................... $    405        $         69,687   $   69,394      $     --      $        216     $     24
MetLife Holdings..............    3,048                  68,125       22,346           495               160          163
Corporate & Other.............       --                     244          (32)           --                --           --
                               -------- ----------------------- ------------  ------------ ----------------- ------------
 Total........................ $  3,453        $        138,056   $   91,708      $    495      $        376     $    187
                               ======== ======================= ============  ============ ================= ============
2018
U.S........................... $    403        $         67,770   $   67,233      $     --      $        137     $     26
MetLife Holdings..............    3,709                  65,730       23,423           494               159          167
Corporate & Other.............        5                     291           --            --                --           --
                               -------- ----------------------- ------------  ------------ ----------------- ------------
 Total........................ $  4,117        $        133,791   $   90,656      $    494      $        296     $    193
                               ======== ======================= ============  ============ ================= ============
--------
(1) Amounts are included within the future policy benefits, other
    policy-related balances and policyholder dividend obligation column.

(2) Includes premiums received in advance.

                                   MLIC-127

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

                                 Schedule III
        Consolidated Supplementary Insurance Information -- (continued)
             For the Years Ended December 31, 2019, 2018 and 2017

                                 (In millions)

                                                                  Policyholder    Amortization of
                                                                  Benefits and        DAC and
                                  Premiums and                     Claims and          VOBA
                                 Universal Life        Net      Interest Credited   Charged to
                               and Investment-Type  Investment   to Policyholder       Other          Other
Segment                        Product Policy Fees    Income     Account Balances    Expenses      Expenses (1)
-----------------------------  ------------------- -----------  ----------------- --------------- -------------
2019
U.S...........................  $          19,547  $     6,481   $       20,906    $         55    $    2,904
MetLife Holdings..............              4,097        4,579            5,769             184         1,900
Corporate & Other.............                  1          (87)              --              --           971
                               ------------------- -----------  ----------------- --------------- -------------
 Total........................  $          23,645  $    10,973   $       26,675    $        239    $    5,775
                               =================== ===========  ================= =============== =============
2018
U.S...........................  $          24,411  $     6,429   $       25,922    $         75    $    2,810
MetLife Holdings..............              4,306        4,653            5,649             395         2,079
Corporate & Other.............                 20         (163)               5              --           917
                               ------------------- -----------  ----------------- --------------- -------------
 Total........................  $          28,737  $    10,919   $       31,576    $        470    $    5,806
                               =================== ===========  ================= =============== =============
2017
U.S...........................  $          20,500  $     6,012   $       22,019    $         56    $    2,680
MetLife Holdings..............              4,643        4,758            6,004             185         2,293
Corporate & Other.............                  9         (257)               4              --         1,018
                               ------------------- -----------  ----------------- --------------- -------------
 Total........................  $          25,152  $    10,513   $       28,027    $        241    $    5,991
                               =================== ===========  ================= =============== =============
--------
(1) Includes other expenses and policyholder dividends, excluding amortization
    of DAC and VOBA charged to other expenses.

                                   MLIC-128

                      Metropolitan Life Insurance Company
                 (A Wholly-Owned Subsidiary of MetLife, Inc.)

                                  Schedule IV

                           Consolidated Reinsurance
                       December 31, 2019, 2018 and 2017

                             (Dollars in millions)

                                                                                        % Amount
                                                                                       Assumed
                                Gross Amount    Ceded        Assumed     Net Amount     to Net
                               ------------- ------------ ------------ ------------- -----------
2019
Life insurance in-force....... $   3,810,612 $    257,882 $    525,190 $   4,077,920        12.9%
                               ============= ============ ============ =============
Insurance premium
Life insurance (1)............ $      14,114 $        879 $        785 $      14,020         5.6%
Accident & health insurance...         7,690          128           26         7,588         0.3%
                               ------------- ------------ ------------ -------------
  Total insurance premium..... $      21,804 $      1,007 $        811 $      21,608         3.8%
                               ============= ============ ============ =============
2018
Life insurance in-force....... $   3,736,612 $    260,086 $    453,560 $   3,930,086        11.5%
                               ============= ============ ============ =============
Insurance premium
Life insurance (1)............ $      19,673 $        894 $        725 $      19,504         3.7%
Accident & health insurance...         7,210          128           27         7,109         0.4%
                               ------------- ------------ ------------ -------------
  Total insurance premium..... $      26,883 $      1,022 $        752 $      26,613         2.8%
                               ============= ============ ============ =============
2017
Life insurance in-force....... $   3,377,964 $    266,895 $    490,033 $   3,601,102        13.6%
                               ============= ============ ============ =============
Insurance premium
Life insurance (1)............ $      16,022 $      1,132 $      1,097 $      15,987         6.9%
Accident & health insurance...         7,040          121           19         6,938         0.3%
                               ------------- ------------ ------------ -------------
  Total insurance premium..... $      23,062 $      1,253 $      1,116 $      22,925         4.9%
                               ============= ============ ============ =============
--------
(1) Includes annuities with life contingencies.

   For the year ended December 31, 2019, reinsurance ceded and assumed included
affiliated transactions for life insurance in-force of $14.2 billion and
$1.3 billion, respectively, and life insurance premiums of $115 million and
$9 million, respectively. For the year ended December 31, 2018, reinsurance
ceded and assumed included affiliated transactions for life insurance in-force
of $14.7 billion and $1.2 billion, respectively, and life insurance premiums of
$117 million and $9 million, respectively. For the year ended December 31,
2017, reinsurance ceded and assumed included affiliated transactions for life
insurance in-force of $16.2 billion and $1.3 billion, respectively, and life
insurance premiums of $132 million and $122 million, respectively.

                                   MLIC-129

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Part C.

Other Information

Item 24. Financial Statements and Exhibits

(a)Financial Statements

The financial statements and financial highlights comprising each of the Divisions of the Variable Account are included in Part B hereof and include:

1. Report of Independent Registered Public Accounting Firm.

2. Statements of Assets and Liabilities as of December 31, 2019.

3. Statements of Operations for the year ended December 31, 2019.

4. Statements of Changes in Net Assets for the years ended December 31, 2019 and 2018.

5. Notes to the Financial Statements.

The consolidated financial statements of Metropolitan Life Insurance Company and subsidiaries are included in Part B hereof and include:

1. Report of Independent Registered Public Accounting Firm.

2. Consolidated Balance Sheets as of December 31, 2019 and 2018.

3. Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017.

4. Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2019, 2018 and 2017.

5. Consolidated Statements of Equity for the years ended December 31, 2019, 2018 and 2017.

6. Consolidated Statements of Cash Flows for the years ended December 31, 2019, 2018 and 2017.

7. Notes to the Consolidated Financial Statements.

8. Financial Statement Schedules.

(b) Exhibits

(1) (i) Resolutions of the Board of Directors of New England Mutual Life Insurance Company establishing a new separate account (approved July 15, 1987 and dated on August 31, 1987) for The New England Variable Account are incorporated herein by reference to the Registration Statement on Form N-4 (File Nos. 333-11131/811-05338) filed on August 30, 1996.

(ii)	Resolutions of the Depositor adopting a Plan and Agreement of Merger between Metropolitan Life Insurance Company and New England Mutual Life Insurance Company (approved May 28, 1996; and dated July 15, 1987) for The New England Variable Account are incorporated herein by reference to the Registration Statement on Form N-4 (File Nos. 333-11131/811-05338) filed on August 30, 1996.
(iii)	Resolutions of the Board of Directors of Metropolitan Life Insurance Company establishing Metropolitan Life Separate Account E on September 27, 1983 is incorporated herein by reference to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 002-90380/811-04001) filed on February 27, 1996.

(2)	None
(3) (i)	Distribution Agreement between New England Securities Corporation, Metropolitan Life Insurance Company and New England Variable Life Insurance Company is incorporated herein by reference to the Registration Statement on Form N-4 (File Nos. 333-11131/811-05338) filed on August 30, 1996.

(ii) Letter Supplement dated November 2, 2009 to the Distribution Agreement (dated August 19, 1996) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration

Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on November 2, 2009.

(iii) Form of Selling Agreement with other broker-dealers is incorporated herein by reference to Post-Effective Amendment No. 2 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on May 1, 1998.

(iv) Letter Supplement dated April 1, 2010 to the Distribution Agreement (dated August 19, 1996) is incorporated herein by reference to Post- Effective No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on April 20, 2010.

(v) Distribution Agreement between MetLife Investors Distribution Company and Metropolitan Life Insurance Company (effective May 1, 2007) is incorporated herein by reference to Post-Effective Amendment No. 3 to the Registration Statement on Form N-6 for Paragon Separate Account B (File Nos. 333-133675/811-07534) filed on February 6, 2008.

(vi) Form of Enterprise Selling Agreement 09-12 (MetLife Investors Distribution Company Sales Agreement) is incorporated herein by reference to Post-Effective Amendment No. 17 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-83716/811-04001) filed on April 11, 2013.

(vii) Amended and Restated Bylaws of Metropolitan Life Insurance Company is incorporated herein by reference to Post-Effective Amendment No. 19 to the Registrant’s Registration Statement on Form N-4 (File No. 333-176654) filed April 12, 2017.

(ix) Amended and Restated Principal Underwriting Agreement between Metropolitan Life Insurance Company and MetLife Investors Distribution Company incorporated herein by reference to Post-Effective Amendment No.10 to this Registrant’s filed on April 23, 2019.

(4) (i) Form of New England Mutual Life Insurance Company Variable Annuity Contract is incorporated herein by reference to Post-Effective Amendment No. 2 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on May 1, 1998.

(ii) Form of New England Mutual Life Insurance Company Contract Loan Endorsement is incorporated herein by reference to Post-Effective Amendment No. 2 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on May 1, 1998.

(iii) Forms of New England Mutual Life Insurance Company Endorsements, (Death of Owner, Individual Retirement Annuity, and Sample of Benefits for Disability of Annuitant) are incorporated herein by reference to Post- Effective Amendment No. 2 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on May 1, 1998.

(iv) Forms of Metropolitan Life Insurance Company Endorsements (New Contract Loan, Spousal/Beneficiary Continuation) are incorporated herein by reference to Post-Effective Amendment No. 2 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/ 811-05338) filed on May 1, 1998.

(v) Form of Metropolitan Life Insurance Company Endorsement to New England Mutual Life Insurance Company Variable Annuity Contract (See (4)(i) above) is incorporated herein by reference to the Registration Statement on Form N-4 for The New England Variable Account (File

Nos. 333-11131/811-05338) filed on August 30, 1996.

(vi) Forms of Metropolitan Life Insurance Company Variable Annuity Contract and Application are incorporated herein by reference to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on August 30, 1996.

(vii) Forms of Metropolitan Life Insurance Company Endorsements (Fixed Account, Contract Loans, Tax-Sheltered Annuity, Periodic Reports and Postponement of Surrender) are incorporated herein by reference to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on August 30, 1996.

(viii) Forms of New England Mutual Life Insurance Company Endorsements (Contract Loans, Fixed Account, Tax-Sheltered Annuity and Rider Benefits of Disability of Annuitant and Modification of Variable Life Income Section and New York Endorsement) are incorporated by reference to Post-Effective Amendment No. 3 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on February 26, 1999.

(ix) Form of Metropolitan Life Insurance Company Endorsement (Roth Individual Retirement Annuity) is incorporated herein by reference to Post- III-2 Effective Amendment No. 3 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on February 26, 1999.

(x) Forms of Endorsements (Fixed Account and Postponement of Fixed Account Values) are incorporated herein by reference to Post-Effective Amendment No. 4 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on April 26, 1999.

(xi) Forms of Endorsements (TSA) for Metropolitan Life Insurance Company and New England Life Insurance Company are incorporated herein by reference to Post-Effective Amendment No. 5 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on April 27, 2000.

(xii) Form of Endorsement (VE-AMF-3 (05/01) Mortality and Expense Charge) is incorporated herein by reference to Post-Effective Amendment No. 7 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on February 27, 2001.

(xiii) Forms of Endorsements: Tax Sheltered Annuity Endorsement NEL-398.2 (09/02); 401 Plan Endorsement NEL-401.2 (09/02); Simple Individual Retirement Annuity Endorsement (NEL-439.1) (09/02); and Roth Individual Retirement Annuity Endorsement NEL-446.2 (09/02) are incorporated herein by reference to Post-Effective Amendment No. 10 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/ 811-05338) filed on April 25, 2003.

(xiv) Form of Endorsement: Individual Retirement Annuity Endorsement ML 408.2 (9/02) is incorporated herein by reference to Post-Effective Amendment No. 11 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on April 29, 2004.

(xv) Form of 401(a)/403(a) Plan Endorsement ML-401-3 (5/11) incorporated herein by reference to Post-Effective Amendment No. 16 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-83716/811-04001) filed on April 12, 2012.

(xvi) Form of 457(b) Endorsement (Governmental and Tax-Exempt) ML-457-2 (5/11) incorporated herein by reference to Post-Effective Amendment No. 16 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-83716/811-04001) filed on

April 12, 2012.

(5) (i) New England Mutual Life Insurance Company Application is incorporated herein by reference to Post-Effective Amendment No. 3 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos.333-11131/811-05338) filed on February 26, 1999.

(ii) For Metropolitan Life Insurance Company Application see (4)(vi) above.

(6) (i) Amended and Restated Charter of Metropolitan Life Insurance Company, dated October 31, 2001 (effective November 27, 2001) is incorporated herein by reference to the initial Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-83716/811-04001) filed on March 5, 2002.

(ii) Amended and Restated By-Laws of Metropolitan Life Insurance Company, effective July 3, 2007, are incorporated herein by reference to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-52366/811-04001) filed on January 17, 2008.

(7)	None.
(8) (i)(a)	Participation Agreement Among Variable Insurance Products Fund, Fidelity Distributors Corporation and Metropolitan Life Insurance Company effective July 2, 1991 is incorporated herein by reference to Post Effective Amendment No. 22 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 002-90380/811-04001) filed on April 30, 1997.

(i)(b) Amendment No. 1 to Participation Agreement (effective July 2, 1991) among Metropolitan Life Insurance Company, Variable Insurance Products Fund and Fidelity Distributors Corporation effective November 1, 1991 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on November 2, 2009.

(i)(c) Amendment No. 2 to Participation Agreement (effective July 2, 1991) among Metropolitan Life Insurance Company, Variable Insurance Products Fund and Fidelity Distributors Corporation effective December 15, 1994 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on November 2, 2009.

(i)(d) Notice under Participation Agreements (effective July 2, 1991), as amended, between Variable Insurance Products Fund, Variable Insurance Products Fund II, Fidelity Distributors Corporation and Metropolitan Life Insurance Company dated June 29, 2000 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on November 2, 2009.

(i)(e) Amendment No. 3 to Participation Agreement (effective July 2, 1991) among Metropolitan Life Insurance Company, Variable Insurance Products Fund and Fidelity Distributors Corporation effective September 5, 2000 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on November 2, 2009 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on November 2, 2009.

(i)(f) Fourth Amendment to Amended and Restated Participation Agreement (effective July 2, 1991) among Metropolitan Life Insurance Company, Variable Insurance Products Fund I and Fidelity Distributors Corporation effective May 1, 2004 is incorporated herein by reference to Pre-

Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on November 2, 2009.

(i)(g) Letter of Amendment and Assignment of Participation Agreements (dated July 1, 1991, as amended) between Variable Insurance Products Fund, Fidelity Distributors Corporation and Metropolitan Life Insurance Company and between Variable Insurance Products Fund II, Fidelity Distributors Corporation and Metropolitan Life Insurance Company consented June 18, 2007 is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on November 2, 2009.

(i)(h) Amendment No. 5 Dated April 28, 2008 to the Participation Agreements among Metropolitan Life Insurance Company, Variable Insurance Products Fund I and Variable Insurance Products Fund II (effective July 2, 1991, as amended), Variable Insurance Products Fund III (effective September 1, 2000, as amended), and Fidelity Variable Insurance Products V (effective May 16, 2007) is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811 -04001) filed on November 2, 2009.

(i)(i) Amended and Restated Participation Agreement Among Variable Insurance Products Funds, Fidelity Distribution Corporation and Metropolitan Life Insurance Company effective as of April 28, 2008 and First Amendment effective as of April 28, 2008 incorporated herein by reference to Post-Effective Amendment No. 20 to the Registration Statement on Form N-6 for Metropolitan Life Separate Account UL (File Nos. 033- 57320/811-06025) filed on April 18, 2008.

(i)(j) Summary Prospectus Agreement (effective April 30, 2010) among Fidelity Distributors Corporation and Metropolitan Life Insurance Company, et al. is incorporated herein by reference to Post-Effective Amendment No. 24 to the Registration Statement on Form N-6 for Metropolitan Life Separate Account UL (File Nos. 033-57320/811-06025) filed on April 14, 2011.

(i)(k) Amendment dated June 1, 2015 to the Participation Agreement dated November 25, 2002 between Metropoitan Life Insurance Company and Fidelity Distributors Corporation is incorporated herein by reference to Post-Effective Amendment No. 3 to the Registrant’s Registration Statement on Form N-4 (File No. 333-198314) filed April 12, 2017.

(ii)(a) Participation Agreement among Met Investors Series Trust, Met Investors Advisory Corp., Met Investors Distribution Company and Metropolitan Life Insurance Company dated April 30, 2001, is incorporated herein by reference to the initial Registration Statement for Metropolitan Life Separate Account E on Form N-4 (File Nos. 333-837161/04001) filed on March 5, 2002.

(ii)(b) First Amendment to Participation Agreement (effective April 30, 2001) among Met Investors Series Trust, Met Investors Advisory LLC, MetLife Investors Distribution Company and Metropolitan Life Insurance Company effective April 30, 2007; and Second Amendment to the Participation Agreement (effective April 30, 2001) among Met Investors Series Trust, MetLife Advisory LLC, MetLife Investors Distribution Company and Metropolitan Life Insurance Company effective May 1, 2009 is incorporated herein by reference to Post-Effective Amendment No. 17 to the Registration Statement on Form N-4 for The New England Variable Account (File Nos. 333-11131/811-05338) filed on April 20, 2009.

(ii)(c) Amendment to Participation Agreement in effect Among Met Investors Series Trust, Met Investors Advisory Corp., MetLife Investors Distribution Company and Metropolitan Life Insurance Company, et al. (effective April 30, 2010) incorporated herein by reference to Post-Effective Amendment No. 16 to the Registration Statement on Form N-4 for Metropolitan Life Separate

Account E (File Nos. 333-83716/811-04001) filed on April 12, 2012.

(ii)(d) Participation Agreement dated March 6, 2017 by and among Brighthouse Funds Trust I, Metropolitan Life Insurance Company, Brighthouse Investement Advisers, LLC and Brighthouse Securities, LLC is incorporated herein by reference to Post-Effective Amendment No. 19 to the Registrant’s Registration Statement on Form N-4 (File No. 333-176654) filed April 12, 2017.

(iii)(a) Fund Participation Agreement among Metropolitan Life Insurance Company, American Funds Insurance Series, and Capital Research and Management Company dated April 30, 2001, is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-52366/811-04001) filed on August 3, 2001.

(iii)(b) Amendment No. 1 Dated May 1, 2006 to the Participation Agreement dated April 30, 2001 among Metropolitan Life Insurance Company, American Funds Insurance Series, and Capital Research and Management Company; Amendment No. 2 Dated as April 28, 2008 to the Participation Agreement dated April 30, 2001, as Previously Amended among Metropolitan Life Insurance Company, American Funds Insurance Series, and Capital Research and Management Company; and Amendment No. 3 dated as of November 10, 2008 to the Participation Agreement dated April 30, 2001, as Previously Amended among Metropolitan Life Insurance Company, American Funds Insurance Series, and Capital Research and Management Company is incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on November 2, 2009.

(iii)(c) Amendment to Participation Agreement (effective April 30, 2010) among American Funds Insurance Series, Capital Research and Management Company and Metropolitan Life Insurance Company, et al. is incorporated herein by reference to Post-Effective Amendment No. 15 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333- 83716/811-04001) filed on April 12, 2011.

(iii)(d) Amendment No. 4 Participation Agreement between Metropolitan Life Insurance Company, American Funds Insurance Series and Capital Research and Management Company dated November 19, 2014 is incorporated herein by reference to Post- Effective Amendment No. 18 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-176654/811-04001) filed on April 13, 2016.

(iii)(e) Amendment No. 3 dated May 1, 2016 to the Participation Agreement dated May 16, 1998 among Metropolitan Life Insurance Company, American Funds Insurance Series and Capital Research and Management Company is incorporated herein by reference to Post-Effective Amendment No. 19 to the Registrant’s Registration Statement on Form N-4 (File No. 333-176654) filed April 12, 2017.

(iv)(a) Participation Agreement among Metropolitan Series Fund, Inc., MetLife Advisers, LLC, MetLife Investors Distribution Company and Metropolitan Life Insurance Company dated August 31, 2007 is incorporated herein by reference to Post-Effective Amendment No. 15 to the Registration Statement on Form N-4 (File Nos. 333-11131/811-05338) filed on April 18, 2008.

(iv)(b) Amendment to Participation Agreement in effect Among Metropolitan Series Fund, Inc., MetLife Advisers, LLC, MetLife Investors Distribution Company and Metropolitan Life Insurance Company, et al. (effective April 30, 2010) incorporated herein by reference to Post-Effective Amendment No. 16 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-83716/811-04001) filed on April 12, 2012.

(iv)(c) Participation Agreement dated March 6, 2017 by and among Brighthouse Funds Trust II, Metropolitan Life Insurance Company, Brighthouse Investement Advisers, LLC and Brighthouse Securities, LLC is incorporated herein by reference to Post-Effective Amendment No. 19 to the Registrant’s Registration Statement on Form N-4 (File No. 333-176654) filed April 12, 2017.

(9)	Opinion and Consent of Counsel is incorporated herein by reference to Pre- Effective Amendment No. 1 to the Registration Statement on Form N-4 for Metropolitan Life Separate Account E (File Nos. 333-160722/811-04001) filed on November 2, 2009.
(10)	Consent of Independent Registered Public Accounting Firm (Deloitte & Touche LLP). (Filed herewith)
(11)	None
(12)	None
(13)	Powers of Attorney for Metropolitan Life Insurance Company and its designated Separate Accounts (Incorporated herein by reference to the Registration Statement on form S-3 (File No.333-234816) filed on November 22, 2019.)

Item 25. Directors and Officers of the Depositor

Name and Principal Business Address	Positions and Offices With Depositor
R. Glenn Hubbard Chairman of the Board, MetLife, Inc. Emeritus and Russell L. Carson Professor ofEconomics and Finance, Graduate School ofBusiness, and Professor of Economics, Facultyof Arts and Sciences, Columbia University 200 Park Avenue New York, NY 10166	Chairman of the Board and Director

Michel A. Khalaf
President and Chief Executive Officer, MetLife, Inc.
200 Park Avenue
New York, NY 10166 President and Chief Executive Officer and Director

Cheryl W. Grise
Former Executive Vice President, Northeast Utilities
200 Park Avenue
New York, NY 10166 Director

Carlos M. Gutierrez
Co-Chair, The Albright Stonebridge Group
200 Park Avenue
New York, NY 10166 Director

Gerald L Hassell
Former Chairman of the Board and ChiefExecutive Officer, The Bank of New YorkMellon Corporation
200 Park Avenue
New York, NY 10166 Director

David L. Herzog
Former Chief Financial Officer and ExecutiveVice President of American InternationalGroup
200 Park Avenue
New York, NY 10166 Director

Edward J. Kelly, III
Former Chairman, Institutional Clients Group,
Citigroup, Inc.
200 Park Avenue
New York, NY 10166 Director

William E. Kennard
Former U.S. Ambassador to the European Union
200 Park Avenue
New York, NY 10166 Director

James M. Kilts
Founding Partner, Centerview Capital
200 Park Avenue
New York, NY 10166 Director

Catherine R. Kinney
Former President and Co-Chief Operating Officer,
New York Stock Exchange, Inc.
200 Park Avenue
New York, NY 10166 Director

Diana McKenzie
Former Chief Information Officer Workday, Inc.
200 Park Avenue
New York, NY 10166 Director

Denise M. Morrison Former President and Chief Executive Officer, Campbell Soup Company 200 Park Avenue New York, NY 10166	Director
Mark Weinberger Former Global Chairman and Chief Executive Officer of EY Company 200 Park Avenue New York, NY 10166	Director

Set forth below is a list of certain principal officers of Metropolitan Life Insurance Company. The principal business address of each principal officer is 200 Park Avenue, New York, NY 10166.

Name	Positions with Depositor
Michel A. Khalaf	President and Chief Executive Officer

Marlene Debel Executive Vice President and Chief Risk Officer

Karl R. Erhardt Executive Vice President and Chief Auditor

Stephen W. Gauster Executive Vice President and General Counsel

Esther Lee Executive Vice President and Global Chief Marketing Officer

John Dennis McCallion Executive Vice President and Chief Financial Officer and Treasurer

William Pappas Executive Vice President, Global Technology & Operations

Susan Podlogar Executive Vice President and Chief Human Resources Officer

Tamara Schock Executive Vice President and Chief Accounting Officer

Rebecca Tadikonda Executive Vice President and Chief Strategy Officer

Ramy Tadros Executive Vice President

Michael Zarcone Executive Vice President

Item 26. Persons Controlled by or Under Common Control with the Insurance Company or Registrant.

The Registrant is a separate account of Metropolitan Life Insurance Company under the New York Insurance law. Under said law the assets allocated to the separate account are the property of Metropolitan Life Insurance Company. Metropolitan Life Insurance Company is a wholly-owned subsidiary of MetLife, Inc. a publicly traded company. The following outline indicates those persons who are controlled by or under common control with Metropolitan Life Insurance Company. No person is controlled by the Registrant.

ORGANIZATIONAL STRUCTURE OF METLIFE, INC. AND SUBSIDIARIES

AS OF December 31, 2019

The following is a list of subsidiaries of MetLife, Inc. updated as of December 31, 2018. Those entities which are listed at the left margin (labeled with capital letters) are direct subsidiaries of MetLife, Inc. Unless otherwise indicated, each entity which is indented under another entity is a subsidiary of that other entity and, therefore, an indirect subsidiary of MetLife, Inc. Certain inactive subsidiaries have been omitted from the MetLife, Inc. organizational listing. The voting securities (excluding directors’ qualifying shares, if any) of the subsidiaries listed are 100% owned by their respective parent corporations, unless otherwise indicated. The jurisdiction of domicile of each subsidiary listed is set forth in the parenthetical following such subsidiary.

A. MetLife Group, Inc. (NY)

1. MetLife Services and Solutions, LLC (DE)

a) MetLife Solutions Pte. Ltd. (Singapore)

i) MetLife Services East Private Limited (India) - 99.99% is owned by MetLife Solutions Pte. Ltd. and .01% by Natiloportem Holdings, LLC

ii) MetLife Global Operations Support Center Private Limited (India) - 99.99999% is owned by MetLife Solutions Pte. Ltd. and 0.00001% is owned by Natiloportem Holdings, LLC.

B. MetLife Home Loans, LLC (DE)

C. Metropolitan Tower Life Insurance Company (NE)

1. EntreCap Real Estate II LLC (DE)

a) PREFCO Dix-Huit LLC (CT)

b) PREFCO X Holdings LLC (CT)

c) PREFCO Ten Limited Partnership (CT) - a 99.9% limited partnership interest of PREFCO Ten Limited Partnership is held by EntreCap Real Estate II LLC and 0.1% general partnership is held by PREFCO X Holdings LLC.

d) PREFCO Vingt LLC (CT)

e) PREFCO Twenty Limited Partnership (CT) - a 99% limited partnership interest of PREFCO Twenty Limited Partnership is held by EntreCap Real Estate II LLC and 1% general partnership is held by PREFCO Vingt LLC.

2. Plaza Drive Properties LLC (DE)

3. MTL Leasing, LLC (DE)

a) PREFCO IX Realty LLC (CT)

b) PREFCO XIV Holdings LLC (CT)

c) PREFCO Fourteen Limited Partnership (CT) - a 99.9% limited partnership interest of PREFCO Fourteen Limited Partnership is held by MTL Leasing, LLC and 0.1% general partnership is held by PREFCO XIV Holdings LLC.

d) 1320 Venture LLC (DE)

i) 1320 Owner LP (DE) - a 99.9% limited partnership of 1320 Owner LP is held by 1320 Venture LLC and 0.1% general partnership is held by 1320 GP LLC.

e) 1320 GP LLC (DE)

4. MetLife Assignment Company, Inc. (DE)

PLAZA DRIVE PROPERTIES SUBLANDLORD, LLC (DE)

D. MetLife Chile Inversiones Limitada (Chile) - 72.35109659% is owned by MetLife, Inc., 24.8823628% by American Life Insurance Company (“ALICO”), 2.76654057% is owned by Inversiones MetLife Holdco Dos Limitada and 0.00000004% is owned by Natiloportem Holdings, LLC.

1. MetLife Chile Seguros de Vida S.A. (Chile) - 99.996% of MetLife Chile Seguros de Vida S.A. is held by MetLife Chile Inversiones Limitada and 0.003% by International Technical and Advisory Services Limited (“ITAS”) and the rest by third parties.

a) MetLife Chile Administradora de Mutuos Hipotecarios S.A. (Chile) - 99.9% of MetLife Chile Administradora de Mutuos Hipotecarios S.A. is held by MetLife Chile Seguros de Vida S.A. and 0.1% is held by MetLife Chile Inversiones Limitada.

2. Inversiones MetLife Holdco Tres Limitada (Chile) - 97.13% of Inversiones MetLife Holdco Tres Limitada is owned by MetLife Chile Inversiones Limitada and 2.87% is owned by Inversiones MetLife Holdco Dos Limitada.

a) AFP Provida S.A. (Chile) - 42.3815% of AFP Provida S.A. is owned by Inversiones MetLife Holdco Dos Limitada, 42.3815% is owned by Inversiones MetLife Holdco Tres Limitada, 10.9224% is owned by MetLife Chile Inversiones Limitada and the remainder is owned by the public.

i) Provida Internacional S.A. (Chile) - 99.99% of Provida Internacional S.A. is owned by AFP Provida S.A and 0.01% is owned by MetLife Chile Inversiones Limitada.

1) AFP Genesis Administradora de Fondos y Fidecomisos S.A. (Ecuador) - 99.9% of AFP Genesis Administradora de Fondos y Fidecomisos S.A. is owned by Provida Internacional S.A. and 0.1% by AFP Provida S.A.

3. MetLife Chile Seguros Generales S.A. (Chile) - 99.98% of MetLife Chile Seguros Generales S.A. is owned by MetLife Chile Inversiones Limitada and 0.02% is owned by Inversiones MetLife Holdco Dos Limitada.

E. MetLife Digital Ventures, Inc. (DE)

F. Metropolitan Property and Casualty Insurance Company (RI)

1. Metropolitan General Insurance Company (RI)

2. Metropolitan Casualty Insurance Company (RI)

3. Metropolitan Direct Property and Casualty Insurance Company (RI)

4. MetLife Auto & Home Insurance Agency, Inc. (RI)

5. Metropolitan Group Property and Casualty Insurance Company (RI)

6. Metropolitan Lloyds, Inc. (TX)

a) Metropolitan Lloyds Insurance Company of Texas (TX)- Metropolitan Lloyds Insurance Company of Texas, an affiliated association, provides automobile, homeowner and related insurance for the Texas market. It is an association of individuals designated as underwriters. Metropolitan Lloyds, Inc., a subsidiary of Metropolitan Property and Casualty Insurance Company, serves as the attorney-in-fact and manages the association.

7. Economy Fire & Casualty Company (IL)

a) Economy Preferred Insurance Company (IL)

b) Economy Premier Assurance Company (IL)

G. Newbury Insurance Company, Limited (DE)

H. MetLife Investors Group, LLC (DE)

1. MetLife Investors Distribution Company (MO)

2. MetLife Investments Securities, LLC (DE)

1

I. Metropolitan Life Insurance Company (“MLIC”) (NY)

1. ML Sloan’s Lake Member, LLC (DE) - Metropolitan Life Insurance Company owns 55% and 45% by Metropolitan Tower Life Insurance Company.

2. St. James Fleet Investments Two Limited (Cayman Islands)

a) Park Twenty Three Investments Company (United Kingdom)

i) Convent Station Euro Investments Four Company (United Kingdom)

b) OMI MLIC Investments Limited (Cayman Islands)

3. Sandpiper Cove Associates II, LLC (DE)

4. MLIC Asset Holdings II LLC (DE)

MCJV, LLC (DE)

a) El Conquistador MAH II LLC (DE)

5. CC Holdco Manager, LLC (DE)

6. Alternative Fuels I, LLC (DE)

7. Transmountain Land & Livestock Company (MT)

8. HPZ Assets LLC (DE)

9. Missouri Reinsurance, Inc. (Cayman Islands)

10. Metropolitan Tower Realty Company, Inc. (DE)

a) Midtown Heights, LLC (DE)

11. ML New River Village III, LLC (DE)

12. MetLife RC SF Member, LLC (DE)

• METLIFE ASHTON AUSTIN OWNER, LLC (DE)

• METLIFE ACOMA OWNER, LLC (DE)

13. 23rd Street Investments, Inc. (DE)

a) MetLife Capital Credit L.P. (DE)- 1% General Partnership interest is held by 23rd Street Investments, Inc. and 99% Limited Partnership interest is held by Metropolitan Life Insurance Company.

b) MetLife Capital, Limited Partnership (DE)- 1% General Partnership interest is held by 23rd Street Investments, Inc. and 99% Limited Partnership interest is held by Metropolitan Life Insurance Company.

i) Long Island Solar Farm LLC (“LISF”)(DE) - 9.61% membership interest is held by a third party and 90.39% membership interest is held by LISF Solar Trust in which MetLife Capital, Limited Partnership has 100% beneficial interest.

ii) Met Canada Solar ULC (Canada)

14. MetLife Holdings, Inc. (DE)

a) MetLife Credit Corp. (DE)

b) MetLife Funding, Inc. (DE)

15. Met II Office Mezzanine, LLC (FL) - 10.4167% of the membership interest is owned by Metropolitan Tower Life Insurance Company and 89.5833% is owned by Metropolitan Life Insurance Company.

a) Met II Office, LLC (FL)

16. ML Southlands Member, LLC (DE) - Metropolitan Life Insurance Company owns 60% and 40% by Metropolitan Tower Life Insurance Company.

ML PORT CHESTER SC MEMBER, LLC (DE) - Metropolitan Life Insurance Company owns 60% and 40% is owned by Metropolitan Tower Life Insurance Company.

17. Corporate Real Estate Holdings, LLC (DE)

18. MetLife Tower Resources Group, Inc. (DE)

19. ML Sentinel Square Member, LLC (DE)

20. MetLife Securitization Depositor, LLC (DE)

21. WFP 1000 Holding Company GP, LLC (DE)

22. White Oak Royalty Company (OK)

23. 500 Grant Street GP LLC (DE)

24. 500 Grant Street Associates Limited Partnership (CT) - 99% of 500 Grant Street Associates Limited Partnership is held by Metropolitan Life Insurance Company and 1% by 500 Grant Street GP LLC.

25. MetLife Mall Ventures Limited Partnership (DE) - 99% LP interest of MetLife Mall Ventures Limited Partnership is owned by MLIC and 1% GP interest is owned by Metropolitan Tower Realty Company, Inc.

26. MetLife Retirement Services LLC (NJ)

27. Euro CL Investments, LLC (DE)

28. MEX DF Properties, LLC (DE)

a) MPLife, S. de R.L. de C.V. (Mexico) - 99.99% of MPLife, S. de R.L. de C.V. is owned by MEX DF Properties, LLC and 0.01% is owned by Euro CL Investments LLC.

MET 1065 HOTEL, LLC (DE)

29. MSV Irvine Property, LLC (DE) - 4% of MSV Irvine Property, LLC is owned by Metropolitan Tower Realty Company, Inc. and 96% is owned by Metropolitan Life Insurance Company.

30. MetLife Properties Ventures, LLC (DE)

31. Housing Fund Manager, LLC (DE)

a) MTC Fund I, LLC (DE) - 0.01% of MTC Fund I, LLC is held by Housing Fund Manager, LLC. - Housing Fund Manager, LLC is the managing member LLC and the remaining interests are held by a third party member.

b) MTC Fund II, LLC (DE) - 0.01% of MTC Fund II, LLC is held by Housing Fund Manager, LLC. - Housing Fund Manager, LLC is the managing member LLC and the remaining interests are held by a third party member.

c) MTC Fund III, LLC (DE) - 0.01% of MTC Fund III, LLC is held by Housing Fund Manager, LLC. - Housing Fund Manager, LLC is the managing member LLC and the remaining interests are held by a third party member.

32. MLIC Asset Holdings LLC (DE)

33. 85 Broad Street Mezzanine LLC (DE)

34. The Building at 575 Fifth Avenue Mezzanine LLC (DE)

a) The Building at 575 Fifth Retail Holding LLC (DE)

i) The Building at 575 Fifth Retail Owner LLC (DE)

35. ML Bridgeside Apartments LLC (DE)

36. MetLife Chino Member, LLC (DE)

37. MLIC CB Holdings LLC (DE)

38. MetLife CC Member, LLC (DE) - 95.122% of MetLife CC Member, LLC is owned by Metropolitan Life Insurance Company and 4.878% is owned by Metropolitan Tower Life Insurance Company.

ML MATSON MILLS MEMBER LLC (DE)

39. Oconee Hotel Company, LLC (DE)

ML 300 THIRD MEMBER LLC (DE)

40. Oconee Land Company, LLC (DE)

a) Oconee Land Development Company, LLC (DE)

b) Oconee Golf Company, LLC (DE)

c) Oconee Marina Company, LLC (DE)

2

41. 1201 TAB Manager, LLC (DE)

42. MetLife 1201 TAB Member, LLC (DE) - 96.9% of MetLife 1201 TAB Member, LLC is owned by Metropolitan Life Insurance Company and 3.1% is owned by Metropolitan Property and Casualty Insurance Company.

43. MetLife LHH Member, LLC (DE) - 99% of MetLife LHH Member, LLC is owned by Metropolitan Life Insurance Company, and 1% is owned by Metropolitan Tower Life Insurance Company.

44. 1001 Properties, LLC (DE)

45. 6104 Hollywood, LLC (DE)

46. Boulevard Residential, LLC (DE)

47. ML-AI MetLife Member 3, LLC (DE)

• WHITE TRACT II, LLC (DE)

• METLIFE JAPAN US EQUITY FUND LP (DE)

• METLIFE JAPAN US EQUITY OWNERS LLC (DE)

48. Sandpiper Cove Associates, LLC (DE) - 90.59% membership interest of Sandpiper Cove Associates, LLC is owned by MLIC and 9.41% is owned by Metropolitan Tower Realty Company, Inc.

49. Marketplace Residences, LLC (DE)

50. ML Swan Mezz, LLC (DE)

a) ML Swan GP, LLC (DE)

51. ML Dolphin Mezz, LLC (DE)

a) ML Dolphin GP, LLC (DE)

52. Haskell East Village, LLC (DE)

53. MetLife Cabo Hilton Member, LLC (DE) - 83.1% of MetLife Cabo Hilton Member, LLC is owned by MLIC, 16.9% by Metropolitan Tower Life Insurance Company.

54. 150 North Riverside PE Member, LLC (DE) - MLIC owns an 81.45% membership interest and Metropolitan Tower Life Insurance Company owns a 18.55% membership interest

55. ML Terraces, LLC (DE)

56. Chestnut Flats Wind, LLC (DE)

57. MetLife 425 MKT Member, LLC (DE)

58. MetLife OFC Member, LLC (DE)

59. MetLife THR Investor, LLC (DE)

60. ML Southmore, LLC (DE) - 99% of ML Southmore, LLC is owned by MLIC and 1% by Metropolitan Tower Life Insurance Company.

61. ML - AI MetLife Member 1, LLC (DE) - 95.199% of the membership interest is owned by MLIC and 4.801% by Metropolitan Property and Casualty Insurance Company.

62. MetLife CB W/A, LLC (DE)

63. MetLife Camino Ramon Member, LLC (DE) - 99% of MetLife Camino Ramon Member, LLC is owned by MLIC and 1% by Metropolitan Tower Life Insurance Company.

ML BLOCK 40, LLC (DE)

64. 10700 Wilshire, LLC (DE)

65. Viridian Miracle Mile, LLC (DE)

66. MetLife 555 12th Member, LLC (DE) - 94.6% is owned by MLIC and 5.4% by Metropolitan Tower Life Insurance Company.

67. MetLife OBS Member, LLC (DE)

68. MetLife 1007 Stewart, LLC (DE)

69. ML-AI MetLife Member 2, LLC (DE) - 98.97% of ML-AI MetLife Member 2, LLC’s ownership interest is owned by MLIC and 1.03% by Metropolitan Tower Life Insurance Company.

70. MetLife Treat Towers Member, LLC (DE)

71. MetLife FM Hotel Member, LLC (DE)

a) LHCW Holdings (U.S.) LLC (DE)

i) LHC Holdings (U.S.) LLC (DE)

1) LHCW Hotel Holding LLC (DE)

aa) LHCW Hotel Holding (2002) LLC (DE)

bb) LHCW Hotel Operating Company (2002) LLC (DE)

72. ML Mililani Member, LLC (DE)- is owned at 95% by MLIC and 5% by Metropolitan Tower Life Insurance Company.

73. MetLife SP Holdings, LLC (DE)

a) MetLife Private Equity Holdings, LLC (DE)

74. Buford Logistics Center, LLC (DE)

75. MetLife Park Tower Member, LLC (DE)

a) Park Tower REIT, Inc. (DE)

i) Park Tower JV Member, LLC (DE)

76. MCPP Owners, LLC (DE) - 87.34% is owned by MLIC, 1.81% by Metropolitan Tower Life Insurance Company, and 10.85% by MTL Leasing, LLC.

77. MetLife HCMJV 1 GP, LLC (DE)

METLIFE HCMJV 1 LP, LLC (DE)

78. MetLife ConSquare Member, LLC (DE)

79. MetLife Ontario Street Member, LLC (DE)

80. 1925 WJC Owner, LLC (DE)

ML BELLEVUE MEMBER, LLC (DE)

81. MetLife Member Solaire, LLC (DE)

82. Sino-US United MetLife Insurance Company, Ltd. - 50% of Sino-US United MetLife Insurance Company, Ltd. Is owned by MLIC and 50% is owned by a third party.

83. MetLife Property Ventures Canada ULC (Canada)

84. MetLife Canadian Property Ventures, LLC (NY)

METLIFE LEGAL PLANS, INC. (DE)

a) HYATT LEGAL PLANS OF FLORIDA, INC. (FL)

b) BEQUEST, INC. (DE)

1. WILLWISER LLC (FL)

2. THE INHERITANCE COMPANY (DE)

85. ML Cerritos TC Member, LLC (DE) - Metropolitan Life Insurance Company owns 60% and 40% by Metropolitan Tower Life Insurance Company.

86. MetLife Boro Station Member, LLC (DE)

87. MetLife 8280 Member, LLC (DE)

88. Southcreek Industrial Holdings, LLC (DE)

89. MMP Owners, LLC (DE) - 98.82% is owned by MLIC and 1.18% is owned by Metropolitan Property and Casualty Insurance Company.

ML Armature Member, LLC (DE)

90. ML-AI MetLife Member 4, LLC (DE) - 60% owned by MLIC and 40% owned by Metropolitan Tower Life Insurance Company.

MMP OWNERS III, LLC (DE)

a) METLIFE MULTI-FAMILY PARTNERS III, LLC (DE)

b) MMP HOLDINGS III, LLC (DE)

1. MMP CEDAR STREET REIT, LLC (DE)

a. MMP CEDAR STREET OWNER, LLC (DE)

2. MMP SOUTH PARK REIT, LLC (DE)

a. MMP SOUTH PARK OWNER, LLC (DE)

3. MMP OLIVIAN REIT, LLC (DE)

a. MMP OLIVIAN OWNER, LLC (DE)

MC PORTFOLIO JV MEMBER, LLC (DE)

J. MetLife Capital Trust IV (DE)

3

K. MetLife Investment Advisors, LLC (DE)

1. MetLife Alternatives GP, LLC (DE)

a) MetLife International PE Fund I, LP (Cayman Islands) - 92.593% of the Limited Partnership interests of this entity is owned by MetLife Insurance K.K., 4.115% is owned by MetLife Mexico S.A., 2.716% is owned by MetLife Limited (Hong Kong) and the remaining 0.576% is owned by Metropolitan Life Insurance Company of Hong Kong Limited.

b) MetLife International PE Fund II, LP (Cayman Islands) - 94.54% of the limited partnership interests of MetLife International PE Fund II, LP is owned by MetLife Insurance K.K., 2.77% is owned by MetLife Limited (Hong Kong), 2.1% by MetLife Mexico, S.A. and 0.59% is owned by Metropolitan Life Insurance Company of Hong Kong Limited.

c) MetLife International HF Partners, LP (Cayman Islands) - 88.22% of the Limited partnership interests of this entity is owned by MetLife Insurance K.K. and 9.47% is owned by MetLife Insurance Company of Korea Limited, 2.29% is owned by MetLife Limited (Hong Kong) and 0.02% is owned by MetLife Alternatives, GP

d) MetLife International PE Fund III, LP (Cayman Islands) - 88.93% of the limited partnership interests of MetLife International PE Fund III, LP is owned by MetLife Insurance K.K., 7.91% is owned by MetLife Insurance Company of Korea Limited, 2.61% is owned by MetLife Limited (Hong Kong), and 0.55% is owned by Metropolitan Life Insurance Company of Hong Kong Limited.

e) MetLife International PE Fund IV, LP (Cayman Islands) - 94.70% of the limited partnership interests of MetLife International PE Fund IV, LP is owned by MetLife Insurance K.K., 3.79% is owned by MetLife Insurance Company of Korea Limited, 1.51% is owned by Metlife Limited (Hong Kong).

f) MetLife International PE Fund V, LP (Cayman Islands) - 81.699% of the Limited partnership interests of this entity is owned by MetLife Insurance K.K., 15.033% is owned by MetLife Limited (Hong Kong) and the remaining 3.268% is owned by MetLife Insurance Company of Korea.

g) MetLife International PE Fund VI, LP (Cayman Islands) - 76.323% of the Limited partnership interests of this entity is owned by MetLife Insurance K.K., 20.208% is owned by MetLife Limited and the remaining 3.469% is owned by MetLife Insurance Company of Korea.

2. MetLife Loan Asset Management LLC (DE)

3. MLIA SBAF COLONY MANAGER LLC (DE), METLIFE JAPAN US EQUITY FUND GP LLC (DE)

4. MetLife Core Property Fund GP, LLC (DE)

a) MetLife Core Property Fund, LP (DE) - MetLife Core Property Fund GP, LLC is the general partner of MetLife Core Property Fund, LP (the “Fund”). A substantial majority of the limited partnership interests in the Fund are held by third parties. The following affiliates hold limited partnership interests in the Fund: Metropolitan Life Insurance Company owns 15.60%, Metropolitan Life Insurance Company (on behalf of Separate Account 746) owns 2.52%, MetLife Insurance Company of Korea Limited owns 2.04%, MetLife Insurance K.K. owns 6.94%, Metropolitan Property and Casualty Insurance Company owns 1.76% and Metropolitan Tower Life Insurance Company owns 0.05%.

i) MetLife Core Property REIT, LLC (DE)

1) MetLife Core Property Holdings, LLC (DE) - MetLife Core Property Holdings, LLC also holds, directly or indirectly, the following limited liability companies (indirect ownership indicated in parenthesis): MCP Alley24 East, LLC; MCP Property Management, LLC; MCP One Westside, LLC; MCP 7 Riverway, LLC; MCPF Acquisition, LLC; MCP SoCal Industrial - Springdale, LLC; MCP SoCal Industrial - Concourse, LLC; MCP SoCal Industrial - Kellwood, LLC; MCP SoCal Industrial - Redondo, LLC; MCP SoCal Industrial - Fullerton, LLC; MCP SoCal Industrial - Loker, LLC; MCP Paragon Point, LLC; MCP 4600 South Syracuse, LLC; MCP The Palms at Doral, LLC; MCP Waterford Atrium, LLC; MCP EnV Chicago, LLC; MCP 1900 McKinney, LLC; MCP 550 West Washington, LLC; MCP 3040 Post Oak, LLC; MCP Plaza at Legacy, LLC; MetLife Core Property TRS, LLC; MCP SoCal Industrial - LAX, LLC; MCP SoCal Industrial - Anaheim, LLC; MCP SoCal Industrial - Canyon, LLC; MCP SoCal Industrial - Bernardo, LLC; MCP Ashton South End, LLC; MCP Lodge At Lakecrest, LLC; MCP Main Street Village, LLC; MCP Trimble Campus, LLC; MCP Highland Park Lender, LLC; MCP Buford Logistics Center Bldg B, LLC; MCP 22745 & 22755 Relocation Drive, LLC; MCP 9020 Murphy Road, LLC; MCP Atlanta Gateway, LLC; MCP Northyards Holdco, LLC; MCP Northyards Owner, LLC (100%); MCP Northyards Master Lessee, LLC (100%); MCP VOA Holdings, LLC; MCP VOA I & III, LLC (100%); MCP VOA II, LLC (100%); MCP West Broad Marketplace, LLC; MCP Union Row, LLC; MCP Fife Enterprise Center, LLC; MCP 2 Ames, LLC; MCP 2 Ames Two, LLC (100%); MCP 2 Ames One, LLC (100%); MCP 2 Ames Owner, LLC (89%); MCP 350 Rohlwing, LLC; MCP - Wellington, LLC; MCP Onyx, LLC; MCP Valley Forge, LLC; MCP Valley Forge Two, LLC (100%); MCP Valley Forge One, LLC (100%); MCP Valley Forge Owner, LLC (89%); MCP MA Property REIT, LLC; MCPF - Needham, LLC (100%); MCP 60 11th Street Member, LLC; 60 11th Street, LLC (100%); MCP Fife Enterprise Member, LLC; Fife Enterprise Center Venture, LLC (100%); MCP-English Village, LLC; MCP 100 Congress Member, LLC; 100 Congress Venture, LLC (55%); 100 Congress REIT, LLC (55%); 100 Congress Owner, LLC (55%); MCP DMCBP Phase II Member, LLC; DMCBP Phase II Venture, LLC (95%); Des Moines Creek Business Park Phase II, LLC (95%); MCP Magnolia Park Member, LLC; Magnolia Park Greenville Venture, LLC (90%); Magnolia Park Greenville, LLC (90%); MCP Denver Pavilions Member, LLC; Denver Pavilions Venture, LLC (80%); Denver Pavilions OwnerCo, LLC (80%); MCP Buford Logistics Center 2 Member, LLC; Buford Logistics Center 2 Venture, LLC (95%); Buford Logistics Center Bldg A Venture, LLC (95%); MCP Seattle Gateway I Member, LLC; Seattle Gateway I Venture, LLC (95%); Seattle Gateway Industrial I, LLC (95%); MCP 249 Industrial Business Park Member, LLC; 249 Industrial Business Park Venture, LLC (95%); 249 Industrial Business Park, LLC (95%); MCP Seattle Gateway II Member, LLC; Seattle Gateway II Venture, LLC (95%); Seattle Gateway Industrial II, LLC (95%); MCP Seventh and Osborn Retail Member, LLC; Seventh and Osborn Retail Venture, LLC (92.5%); Seventh and Osborn Retail, LLC (92.5%); MCP Seventh and Osborn MF Member, LLC; Seventh and Osborn MF Venture, LLC (92.5%); High Street Seventh and Osborn Apartments, LLC (92.5%); MCP Block 23 Member, LLC; Block 23 Residential Investors, LLC (90%); SLR Block 23 Residential Owner, LLC (90%); MCP Burnside Member, LLC; Alta Burnside Venture, LLC (92.5%); Alta Burnside, LLC (92.5%); MCP Mountain Technology Center Member TRS, LLC; Mountain Technology Center Venture, LLC (95%); Mountain Technology Center Venture Sub A, LLC (95%); Mountain Technology Center Venture Sub B, LLC (95%); Mountain Technology Center Venture Sub C, LLC (95%); Mountain Technology Center Venture Sub D, LLC (95%); Mountain Technology Center Venture Sub E, LLC (95%).

aa) MCP Property Management, LLC (DE)

bb) MCP Core Property TRS, LLC (DE)

MCP COMMON DESK TRS, LLC (DE)

5. MIM I LLC (PA), MIM EMD GP, LLC (DE)

6. MIM Property Management, LLC (DE)

a) MIM Property Management of Georgia 1, LLC (DE)

7. MetLife Commercial Mortgage Income Fund GP, LLC (DE)

a) MetLife Commercial Mortgage Income Fund, LP (DE) - MetLife Commercial Mortgage Income Fund GP, LLC is the general partner of MetLife Commercial Mortgage Income Fund, LP (the “Fund”). A majority of the limited partnership interests in the Fund are held by third parties. The following affiliates hold limited partnership interests in the Fund: Metropolitan Life Insurance Company owns 26.6%, MetLife Insurance Company of Korea Limited owns 2.1%, MetLife Limited owns 2.7%, Metropolitan Life Insurance Company of Hong Kong Limited owns 0.03% and Metropolitan Tower Life Insurance Company owns 2.7% (the remainder is held by third party investors).

i) MetLife Commercial Mortgage REIT, LLC (DE)

1) MetLife Commercial Mortgage Originator, LLC (DE)

aa) MCMIF Holdco I, LLC (DE)

bb) MCMIF Holdco II, LLC (DE)

8. MLIA SBAF Manager, LLC (DE)

9. MLIA Manager I, LLC (DE)

10. ML - URS PORT CHESTER SC MANAGER, LLC (DE), ML BELLEVUE MANAGER, LLC (DE) and MLIA Park Tower Manager, LLC (DE)

11. MetLife Middle Market Private Debt GP, LLC (DE)

a. MetLife Middle Market Private Debt Fund, LP (DE) - MetLife Middle Market Private Debt GP, LLC is the general partner of MetLife Middle Market Private Debt Fund, LP (the “Fund”). The following affiliates hold limited partnership interests in the Fund: MetLife Private Equity Holdings, LLC (31.15%) and Metropolitan Life Insurance Company (31.15%). The remainder is held by third party investors.

12. MetLife Middle Market Private Debt Parallel GP, LLC (DE)

a. MetLife Middle Market Private Debt Parallel Fund, LP (Cayman Islands) - MetLife Middle Market Private Debt Parallel GP, LLC is the general partner of MetLife Middle Market Private Debt Parallel Fund, LP. The following affiliate holds a limited partnership interest in the Fund: MetLife Insurance K.K. (100%).

L. SafeGuard Health Enterprises, Inc. (DE)

1. MetLife Health Plans, Inc. (DE)

2. SafeGuard Health Plans, Inc. (CA)

3. SafeHealth Life Insurance Company (CA)

4. SafeGuard Health Plans, Inc. (FL)

5. SafeGuard Health Plans, Inc. (TX)

M. Cova Life Management Company (DE)

N. MetLife Reinsurance Company of Charleston (SC)

O. MetLife Reinsurance Company of Vermont (VT)

P. Delaware American Life Insurance Company (DE)

Q. Federal Flood Certification LLC (TX)

R. MetLife Global Benefits, Ltd. (Cayman Islands)

S. Inversiones Metlife Holdco Dos Limitada (Chile) - 99.99946% of Inversiones MetLife Holdco Dos Limitada is owned by MetLife, Inc., 0.000535% is owned by MetLife International Holdings, LLC and 0.0000054% is owned by Natiloportem Holdings, LLC.

T. MetLife Consumer Services, Inc. (DE)

U. MetLife Global, Inc. (DE)

V. MetLife Insurance Brokerage, Inc. (NY)

4

W. American Life Insurance Company (ALICO) (DE)

1. MetLife Insurance K.K. (Japan)

a) Communication One Kabushiki Kaisha (Japan)

b) FORTISSIMO CO., LTD (Japan)

c) METLIFE JAPAN US EQUITY OWNERS (BLOCKER) LLC (DE)

2. MetLife Global Holding Company I GmbH (SWISS I) (Switzerland)

a) MetLife, Life Insurance Company (Egypt) - 84.125% of MetLife, Life Insurance Company is owned by MetLife Global Holding Company I GmbH and the remaining interests are owned by third parties.

b) MetLife Global Holding Company II GmbH (Swiss II) (Switzerland)

i) MetLife Emeklilik ve Hayat A.S. (Turkey) - 99.98% of MetLife Emeklilik ve Hayat A.S. is owned by Metlife Global Holding Company II GmbH (Swiss II) and the remainder by third parties.

ii) ALICO European Holdings Limited (Ireland)

1) Closed Joint-stock Company Master-D (Russia)

aa) Joint-Stock Company MetLife Insurance Company (Russia) - 51% of Joint Stock Company MetLife Insurance Company is owned by Closed Joint-stock Company Master-D and 49% is owned by MetLife Global Holding Company II GmbH.

iii) MetLife Asia Holding Company Pte. Ltd. (Singapore)

1) MetLife Innovation Centre Pte. Ltd. (Singapore)

2) LumenLab Malaysia Sdn. Bhd. (Malaysia)

iv) MetLife Reinsurance Company of Bermuda Ltd. (Bermuda)

v) MetLife Investment Management Limited (United Kingdom)

vi) MM Global Operations Support Center, S.A. de C.V. (Mexico) - 99.999509% of MM Global Operations Support Center, S.A. de C.V. is held by MetLife Global Holding Company II GmbH (Swiss) and 0.00049095% is held by MetLife Global Holding Company I GmbH (Swiss).

1. Fundacion MetLife Mexico, A.C. (Mexico)

vii) MetLife Colombia Seguros de Vida S.A. (Colombia) - 89.999965713458300000% of MetLife Colombia Seguros de Vida S.A. is owned by MetLife Global Holding Company II GmbH , 10.000031593881300000000% is owned by MetLife Global Holding Company I GmbH, 0.000000897553447019009% is owned by International Technical and Advisory Services Limited, 0.000000897553447019009% is owned by Borderland Investments Limited and 0.000000897553447019009% by Natiloportem Holdings, LLC.

viii) PJSC MetLife (Ukraine) - 99.9988% of PJSC MetLife is owned by MetLife Global Holding Company II GmbH, .0006% is owned by ITAS and the remaining .0006% is owned by Borderland Investments Limited.

ix) MetLife Innovation Centre Limited (Ireland)

x) MetLife EU Holding Company Limited (Ireland)

1) MetLife Europe d.a.c (Ireland)

1. MetLife Pension Trustees Limited (United Kingdom)

2) Agenvita S.r.l. (Italy)

3) MetLife Europe Insurance d.a.c (Ireland)

4) MetLife Europe Services Limited (Ireland)

5) MetLife Services, Sociedad Limitada (Spain)

6) MetLife Slovakia S.r.o. (Slovakia) - 99.956% of MetLife Slovakia S.r.o. is owned by MetLife EU Holding Company Limited and 0.044% is owned by ITAS.

7) MetLife Solutions S.A.S. (France)

8) Metropolitan Life Societate de Administrare a unui Fond de Pensii Administrat Privat S.A. (Romania) - 99.9836% of Metropolitan Life Societate de Administrare a unui Fond de Pensii Administrat Privat S.A. is owned by MetLife EU Holding Company Limited and 0.0164% is owned by MetLife Services Sp z.o.o.

9) MetLife Towarzystwo Ubiezpieczen na Zycie I Reasekuracji S.A. (Poland)

aa) MetLife Services Sp z.o.o. (Poland)

bb) MetLife Towarzystwo Funduszy Inwestycyjnych, S.A. (Poland)

cc) MetLife Powszechne Towarzystwo Emerytalne S.A. (Poland)

10) MetLife Services Cyprus Limited (Cyprus)

aa) Hellenic Alico Life Insurance Company, Ltd. (Cyprus) - 27.5% of Hellenic Alico Life Insurance Company, Ltd. Is owned by MetLife Services Cyprus Limited and the remaining is owned by a third party.

11) MetLife Services EOOD (Bulgaria)

12) MetLife Life Insurance S.A. (Greece)

aa) MetLife Mutual Fund Company (Greece) - 90% of MetLife Mutual Fund Company is owned by MetLife Life Insurance S.A. (Greece) and the remaining by a third party.

13) First American-Hungarian Insurance Agency Limited (Hungary)

xi) MetLife Investment Management Holdings (Ireland)Limited (Ireland)

1) MetLife Investments Asia Limited (Hong Kong)

2) MetLife Syndicated Bank Loan Lux GP, S.a.r.l. (Luxembourg)

aa) MetLife BL Feeder (Cayman), LP (Cayman Islands) - MetLife BL (Cayman), LP is an investors in the Fund. The following affiliates hold limited partnership interest in the feeder: MetLife Limited (3.14%), MetLife Insurance K.K. (93.72%) and MetLife Insurance Company of Korea Limited (3.14%).

bb) MetLife BL Feeder, LP (DE) - MetLife BL Feeder, LP is an investor in the Fund. The following affiliate holds a limited partnership interest in the feeder: Metropolitan Life Insurance Company (49.26%). In addition, there is one third party investor (50.74%).

cc) MetLife Syndicated Bank Loan Fund, SCSp (Luxembourg) - MetLife Syndicated Bank Loan Lux GP, Sarl is the general partner of MetLife Syndicated Bank Loan Fund, SCSp (the “Fund”). The only investors in the Fund are MetLife BL Feeder (Cayman), LP and MetLife BL Feeder, LP.

3) MetLife Investments Limited (United Kingdom) - 99.9% of MetLife Investments Limited (UK) is MetLife Investment Management Holdings (Ireland) Limited and .01% by MetLife Global Holding Company II GmbH.

4) MetLife Latin America Asesorias e Inversiones Limitada (Chile) - 99.99% of MetLife Latin American Asesorias e Inversiones Limitada is owned by MetLife Investment Management Holdings (Ireland) Limited and .01% is owned by MetLife Global Holding Company II GmbH (Swiss).

5) MetLife Global Infrastructure LUX GP, S.a.r.l. (Luxembourg)

xii) MetLife Asia Services Sdn. Bhd (Malasya)

1) ALICO OPERATIONS, LLC (DE)

2) MetLife Asset Management Corp. (Japan) - The official entity name is “MetLife Asset Management Corp. (Japan)” and it is domiciled in Japan.

3) MetLife Seguros S.A. (Uruguay)

xiii) MetLife International Holdings, LLC (DE)

1) Natiloportem Holdings, LLC (DE)

aa) Excelencia Operativa y Tecnologica, S.A. de C.V. (Mexico) - 99% of Excelencia Operativa y Tecnologica, S.A. de C.V. is held by Natiloportem Holdings, LLC and 1% by MetLife Mexico Servicios, S.A. de C.V.

i) MLA Comercial, S.A. de C.V. (Mexico) 99% is owned by Excelencia Operativa y Tecnologica, S.A. de C.V. and 1% is owned by MetLife Mexico Servicios, S.A. de C.V.

ii) MLA Servicios, S.A. de C.V. (Mexico) 99% is owned by Excelencia Operativa y Tecnologica, S.A. de C.V. and 1% is owned by MetLife Mexico Servicios, S.A. de C.V.

2) PNB MetLife India Insurance Company Limited (India)- 32.05% is owned by MetLife International Holdings, LLC and the remainder is owned by third parties.

3) Metropolitan Life Insurance Company of Hong Kong Limited (Hong Kong)- 99.99935% is owned by MetLife International Holdings, LLC and 0.00065% is owned by Natiloporterm Holdings, LLC.

4) MetLife Seguros S.A. (Argentina)- 95.5242% is owned by MetLife International Holdings, LLC, 2.6753% is owned by Natiloportem Holdings, LLC and 1.8005% by ITAS.

5) Metropolitan Life Seguros e Previdencia Privada S.A. (Brazil)-66.662% is owned by MetLife International Holdings, LLC, 33.337% is owned by MetLife Worldwide Holdings, LLC and 0.001% is owned by Natiloportem Holdings, LLC.

6) MetLife Administradora de Fundos Multipatrocinados Ltda. (Brazil) - 99.99998% of MetLife Administradora de Fundos Multipatrocinados Ltda. is owned by MetLife International Holdings, LLC and 0.00002% by Natiloportem Holdings, LLC.

7) MetLife Seguros de Retiro S.A. (Argentina) - 96.8897% is owned by MetLife International Holdings, LLC, 3.1102% is owned by Natiloportem Holdings, LLC and 0.0001% by ITAS

8) Best Market S.A. (Argentina) - 5% of the shares are held by Natiloportem Holdings, LLC and 95% is owned by MetLife International Holdings, LLC.

9) Compania Inversora MetLife S.A. (Argentina) - 95.46% is owned by MetLife International Holdings, LLC and 4.54% is owned by Natiloportem Holdings, LLC.

aa) MetLife Servicios S.A. (Argentina) - 18.87% of the shares of MetLife Servicios S.A. is held by Compania Inversora MetLife S.A., 79.88% is owned by MetLife Seguros S.A., 0.99% is held by Natiloportem Holdings, LLC and 0.26% is held by MetLife Seguros de Retiro S.A.

10) MetLife Worldwide Holdings, LLC (DE)

aa) MetLife Limited (Hong Kong)

i) BIDV MetLife Life Insurance Limited Liability Company (Vietnam) - 60% of BIDV MetLife Life Insurance Limited Liability Company is held by MetLife Limited (Hong Kong) and the remainder by third parties

11) MetLife International Limited, LLC (DE)

12) MetLife Planos Odontologicos Ltda. (Brazil) - 99.999% is owned by MetLife International Holdings, LLC and 0.001% is owned by Natiloportem Holdings, LLC.

13) MetLife Asia Limited (Hong Kong)

14) AmMetLife Insurance Berhad (Malaysia) - 50.000002% of AmMetLife Insurance Berhad is owned by MetLife International Holdings, LLC and the remainder is owned by a third party.

15) AmMetLife Takaful Berhad (Malaysia) - 49.999997% of AmMetLife Takaful Berhad is owned by MetLife International Holdings, LLC and the remainder is owned by a third party.

16) MAXIS GBN S.A.S. (France) - 50% of MAXIS GBN S.A.S. is held by MetLife International Holdings, LLC and the remainder by third parties.

17) MetLife Mas, S.A. de C.V. (Mexico) - 99.99964399% MetLife Mas, SA de CV is owned by MetLife International Holdings, LLC and .00035601% is owned by International Technical and Advisory Services Limited.

5

18) MetLife Ireland Holdings One Limited (Ireland)

aa) MetLife Global Holdings Corporation S.A. de C.V. (Mexico/Ireland) - 98.9% is owned by MetLife Ireland Holdings One Limited and 1.1% is owned by MetLife International Limited, LLC.

i) MetLife Ireland Treasury d.a.c (Ireland)

1) MetLife General Insurance Limited (Australia)

2) MetLife Insurance Limited (Australia) - 91.16468% of MetLife Insurance Limited (Australia) is owned by MetLife Ireland Treasury d.a.c and 8.83532% is owned by MetLife Global Holdings Corp. S.A. de C.V.

aaa) The Direct Call Centre PTY Limited (Australia)

bbb) MetLife Investments PTY Limited (Australia)

i) MetLife Insurance and Investment Trust (Australia) - MetLife Insurance and Investment Trust is a trust vehicle, the trustee of which is MetLife Investments PTY Limited (“MIPL”). MIPL is a wholly owned subsidiary of MetLife Insurance Limited.

ii) Metropolitan Global Management, LLC (DE/Ireland) - 99.7% is owned by MetLife Global Holdings Corporation S.A. de C.V. and 0.3% is owned by MetLife International Holdings, LLC.

1) MetLife Mexico Holdings, S. de R.L. de C.V. (Mexico) - 99.99995% is owned by Metropolitan Global Management, LLC, and .00005% is owned by Excelencia Operativa y Tecnologica,S.A. de C.V.

aaa) MetLife Pensiones Mexico S.A. (Mexico)- 97.5125% is owned by MetLife Mexico Holdings, S. de R.L. de C.V. and 2.4875% is owned by MetLife International Holdings, LLC.

bbb) MetLife Mexico Servicios, S.A. de C.V. (Mexico) - 98% is owned by MetLife Mexico Holdings, S. de R.L. de C.V. and 2% is owned by MetLife International Holdings, LLC.

ccc) MetLife Mexico S.A. (Mexico)- 99.050271% is owned by MetLife Mexico Holdings, S. de R.L. de C.V. and 0.949729% is owned by MetLife International Holdings, LLC.

i) ML Capacitacion Comercial S.A. de C.V.(Mexico) - 99% is owned by MetLife Mexico S.A. and 1% is owned by MetLife Mexico Servicios, S.A. de C.V.

2) MetLife Insurance Company of Korea Limited (South Korea)- 14.64% is owned by MetLife Mexico S.A. and 85.36% is owned by Metropolitan Global Management, LLC.

aaa) MetLife Financial Services, Co., Ltd. (South Korea)

3. International Investment Holding Company Limited (Russia)

4. Borderland Investments Limited (DE)

a) ALICO Hellas Single Member Limited Liability Company (Greece)

5. International Technical and Advisory Services Limited (“ITAS”) (DE)

6. ALICO Properties, Inc. (DE) - 51% of ALICO Properties, Inc. is owned by ALICO and the remaining interests are owned by third parties.

a) Global Properties, Inc. (DE)

7. MetLife American International Group and Arab National Bank Cooperative Insurance Company (Saudi Arabia) - 30% of MetLife American International Group and Arab National Bank Cooperative Insurance Company is owned by ALICO and the remaining interest by third parties. The Delaware Department of Insurance approved a disclaimer of affiliation and therefore, this company is not considered an affiliate under Delaware Law.

X. MetLife European Holdings, LLC (DE)

Y. MetLife Investment Management Holdings, LLC (DE)

1) Logan Circle Partners GP, LLC (PA)

2) Logan Circle Partners, L.P. (PA)

a) Logan Circle Partners I LLC (PA)

b) Logan Circle Partners Investment Management, LLC (DE)

3) MetLife Real Estate Lending Manager LLC (DE)

4) MetLife Real Estate Lending LLC (DE)

5) ML Venture 1 Manager, S. de R.L. de C.V. (Mexico) - 99.9% is owned by MetLife Investment Management Holdings, LLC and 0.1% is owned by MetLife Investment Management Holdings (Ireland) Limited.

1) The voting securities (excluding directors’ qualifying shares, if any) of each subsidiary shown on the organizational chart are 100% owned by their respective parent corporation, unless otherwise indicated.

2) The Metropolitan Money Market Pool and MetLife Intermediate Income Pool are pass-through investment pools, of which Metropolitan Life Insurance Company and/or its subsidiaries and/or affiliates are general partners.

3) The MetLife, Inc. organizational chart does not include real estate joint ventures and partnerships of which MetLife, Inc. and/or its subsidiaries is an investment partner. In addition, certain inactive subsidiaries have also been omitted.

4) MetLife Services EEIG is a cost-sharing mechanism used in the EU for EU-affiliated members.

6

Item 27. Number of Contractholders

As of December 31, 2019, there were 2,948 owners of qualified contracts and 1,118 owners of non-qualified contracts.

Item 28. Indemnification

As described in their respective governing documents, MetLife, Inc. (the ultimate parent of the Depositor and MetLife Investors Distribution Company, the Registrant’s principal underwriter (the "Underwriter")), which is incorporated in the state of Delaware, and the Depositor, which is incorporated in the state of New York, shall indemnify any person who is made or is threatened to be made a party to any civil or criminal suit, or any administrative or investigative proceeding, by reason of the fact that such person is or was a director or officer of the respective company, under certain circumstances, against liabilities and expenses incurred by such person.

MetLife, Inc. also has adopted a policy to indemnify employees ("MetLife Employees") of MetLife, Inc. or its affiliates ("MetLife"), including any MetLife Employees serving as directors or officers of the Depositor or the Underwriter. Under the policy, MetLife, Inc. will, under certain circumstances, indemnify MetLife Employees for losses and expenses incurred in connection with legal actions threatened or brought against them as a result of their service to MetLife. The policy excludes MetLife directors and others who are not MetLife Employees, whose rights to indemnification, if any, are as described in the charter, bylaws or other arrangement of the relevant company.

MetLife, Inc. also maintains a Directors and Officers Liability and Corporate Reimbursement Insurance Policy under which the Depositor and the Underwriter, as well as certain other subsidiaries of MetLife, are covered. MetLife, Inc. also has secured a Financial Institutions Bond.

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Company, pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

Item 29. Principal Underwriters

(a) MetLife Investors Distribution Company
1095 Avenue of the Americas
New York, NY 10036

MetLife Investors Distribution Company also serves as principal underwriter and distributor for the following investment companies (including the Registrant):

General American Separate Account Eleven

General American Separate Account Twenty-Eight

General American Separate Account Twenty-Nine

General American Separate Account Two

Metropolitan Life Separate Account E

Metropolitan Life Separate Account UL

Metropolitan Life Variable Annuity Separate Account II

Metropolitan Tower Life Separate Account One

Metropolitan Tower Life Separate Account Two

New England Life Retirement Investment Account

New England Variable Annuity Fund I

Paragon Separate Account A

Paragon Separate Account B

Paragon Separate Account C

Paragon Separate Account D

Security Equity Separate Account Twenty-Six

Security Equity Separate Account Twenty-Seven

Separate Account No. 13S

(b) MetLife Investors Distribution Company is the principal underwriter for the Contracts. The following persons are officers and directors of MetLife Investors Distribution Company. The principal business address for MetLife Investors Distribution Company is 200 Park Avenue, New York, NY 10166.

Name And Principal
Business Address Positions And Offices
With Underwriter

Derrick Kelson
200 Park Avenue
New York, NY 10166 Director, Chairman of the Board, President and Chief Executive Officer

Elisabeth Bedore 1 MetLife Way Whippany, NJ 07981	Vice President , Chief Compliance Officer
Buford, Kelli 200 Park Avenue New York, NY 10166	Secretary
Frank Cassandra 501 Route 22 Bridgwater, NJ 08807	Director, Senior Vice President

Bradd Chignoli
501 Route 22
Bridgwater, NJ 08807 Director, Senior Vice President

Charles Connery
1 MetLife Way
Whippany, NJ 07981 Vice President and Treasurer

Dina Lumerman
501 Route 22
Bridgwater, NJ 08807 Director, Vice President

Justin Saudo
200 Park Avenue
New York, NY 10166 Vice President and Chief Information Security Officer

Thomas Schuster
200 Park Avenue
New York, NY 10166 Director, Senior Vice President

Stuart Turetsky
18210 Crane Nest Dr
Tampa FL, 33647 Chief Financial Officer

Robin Wagner
200 Park Avenue
New York, NY 10166 Legal Officer

(c) Compensation to the Distributor. The following aggregate amount of commissions and other compensation was received by the Distributor, directly or indirectly, from the Registrant and the other separate accounts of the Depositor, which also issue variable annuity contracts, during their last fiscal year.

(1) Name of Principal Underwriter	(2) Net Underwriting Discounts and Commissions	(3) Compensation On Redemption	(4) Brokerage Commissions	(5) Other Compensation
MetLife Investors Distribution Company	$44,403,101.29	$0	$0	$0

Commissions are paid by the Company directly to agents who are registered representatives of the Principal Underwriter or to broker-dealers that have entered into a selling agreement with the principal underwriter with respect to sales of the Contracts.

Item 30. Location of Accounts and Records

The following companies will maintain possession of the documents required by Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder:

(a)	MetLife, 101 Arch Street, 8th Floor, Boston, MA 02110
(b)	Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166
(c)	MetLife, 18210 Crane Nest Drive, Tampa, FL 33647
(d)	MetLife Investors Distribution Company, 200 Park Avenue, New York, NY 10166

Item 31. Management Services

Not applicable

Item 32. Undertakings

Registrant hereby makes the following undertakings:

(1)	To file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements contained in the registration statement are never more than 16 months old for so long as payments under the variable annuity contracts may be accepted;
(2)	To include either (a) as part of any application to purchase a contract offered by the prospectus, a space that an applicant can check to request a Statement of Additional Information or (b) a postcard or similar written communication affixed to or included in the prospectus that the applicant can remove to send for a Statement of Additional Information;
(3)	To deliver a Statement of Additional Information and any financial statements required to be made available under this Form N-4 promptly upon written or oral request;
(4)	To offer Contracts to participants in the Texas Optional Retirement Program in reliance upon Rule 6c-7 of the Investment Company Act of 1940 and to comply with paragraphs (a)-(d) of that Rule; and
(5)	To comply with and rely upon the Securities and Exchange Commission No-Action Letter to the American Council of Life Insurance, dated November 28, 1988, regarding Sections 22(e), 27(c)(1) and 27(d) of the Investment Company Act of 1940.

Representations

Depositor hereby makes the following representation:

Metropolitan Life Insurance Company represents that the fees and charges deducted under the Contracts described in this Registration Statement, in the aggregate, are reasonable in relation to the services rendered, the expenses to be incurred, and the risks assumed by Metropolitan Life Insurance Company under the Contracts.

SIGNATURES

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of this Registration Statement and has caused this Registration Statement to be signed on its behalf, in the township of Bergenfield, and the state of New Jersey, on this 23 day of April 2020.

METROPOLITAN LIFE SEPARATE ACCOUNT E
(Registrant)

BY: METROPOLITAN LIFE INSURANCE COMPANY
(Depositor)

BY: /s/ Dina Lumerman

Dina Lumerman

Senior Vice President

BY: METROPOLITAN LIFE INSURANCE COMPANY
(Depositor)

BY: /s/ Dina Lumerman

Dina Lumerman

Senior Vice President

SIGNATURES

As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on April 23, 2020.

Signature	Title
* R. Glenn Hubbard	Chairman of the Board and Director
* Michel A. Khalaf	President and Chief Executive Officer and Director
* John D. McCallion	Executive Vice President and Chief Financial Officerand Treasurer
* Tamara Schock	Executive Vice President and Chief Accounting Officer
* Cheryl W. Grise	Director
* Carlos M. Gutierrez	Director
* Gerald L. Hassell	Director
* David L. Herzog	Director
* Edward J. Kelly, III	Director
* William E. Kennard	Director
* James M. Kilts	Director
* Catherine R. Kinney	Director
* Diana McKenzie	Director
* Denise M. Morrison	Director
* Mark A. Weinberger	Director

* By:

/s/ Robin Wagner

Robin Wagner

Attorney-In-Fact

April 23, 2020

* Metropolitan Life Insurance Company. Executed by Robin Wagner, on behalf of those indicated pursuant to powers of attorney.

Exhibit Index

(10) Consent of Independent Registered Public Accounting Firm (Deloitte & Touche LLP)