1. P R E S E N T A T I O N B Y B R E N D A J A N S E N

2. History
 In 1863, a group of New York City businessmen got
together to form National Union Life and Limb
Insurance Company
 Started insuring Civil War sailors and soldiers who suffered
from war related disabilities.
 After a rough 5 years, they decided to drop the
casualty business and focus on life insurance
 On March 24, 1868 Metropolitan Life Insurance
Company (MetLife for short) was formed
 1909, MetLife became the nation's largest life insurer
in terms of insurance in force

3. History, cont.
 Completed the mutualization process on January 6, 1915
 Changed from a stock life insurance company to a mutual company
 Financed the construction of the Empire State
Building in 1929
 Provided capital to build Rockefeller Center in 1931
 IPO in April of 2000 at $14.25/share
 9M shareholders
 Was the most widely held stock in North America
 Today, MetLife holds leading market positions in the
United States, Japan, Latin America, Asia’s Pacific
region, Europe, and the Middle East

4. Products
 Life Insurance*
 Term Life Insurance
 Final Expense Whole Life
Insurance
 Whole Life Insurance
 Universal Life Insurance
 Disability Income Insurance
 Individual Disability Insurance
 Auto Insurance
 Individual Auto Insurance
 Group Auto Insurance
 Home Insurance
 Homeowners
 Condo
 Renters
 Insurance for Landlord
 Mobile Home Insurance
 Employee Benefits
 Life
 Dental
 Disability
 Vision
 Accident & Health
 Investment
 Annuities
 IRAs
 Mutual Funds and Brokerage
(MetLife Securities Inc.)
*Life Insurance is MetLife’s biggest area of business. Life is in their name!

5. Risk Assessment
 Underwriting
 Focused on disciplined underwriting
 Don’t’ foresee any significant changes to underlying trends
 Catastrophic events like Hurricane Sandy create high volume
of claims
 Reinsurance
 Based on assumptions and estimations
 Used to limit losses, minimize exposer to significant risk, and
provide additional capacity for future growth
 MetLife reviews the actual and anticipated experience
compared to the assumptions

6. Financial Analysis
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
2011 2012 2013
Gross Profit Margin
MET
AIG
PRU

7. Financial Analysis, cont.
-5.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
2011 2012 2013
Return on Equity
MET
AIG
PRU

8. Financial Analysis, cont.
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
2011 2012 2013
Debt to Equity
MET
AIG
PRU

9. Financial Analysis, cont.
-250.00%
-200.00%
-150.00%
-100.00%
-50.00%
0.00%
50.00%
100.00%
150.00%
200.00%
2011 2012 2013
Profit Growth
MET
AIG
PRU
All companies negative in 2012 because of Hurricane Sandy

10. Financial Analysis, cont.
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
2011 2012 2013
Investment Yield
MET
AIG
PRU

11. Financial Analysis, cont.
-100.00%
-50.00%
0.00%
50.00%
100.00%
150.00%
200.00%
2011 2012 2013
Premuim Growth
MET
AIG
PRU

12. Credit Rating
A.M. Best Company Fitch Ratings
Moody's Investors
Service Standard & Poor's
American Life Insurance
Company
Not Rated Not Rated A1 AA-
First MetLife Investors
Insurance Company
A+ Not Rated Not Rated AA-
General American Life
Insurance Company
A+ AA- Aa3 AA-
MetLife Insurance
Company USA*
A+ AA- Aa3 AA-
Metropolitan Life
Insurance Company
A+ AA- Aa3 AA-
MetLife Insurance K.K.
(MetLife Japan)**
Not Rated Not Rated Not Rated AA-
New England Life
Insurance Company
A+ AA- Aa3 AA-
A.M. Best: A+ = Superior
Fitch: AA- = Very Strong
Moody’s: Aa3 = High Quality; A1 = Upper Medium
Standard & Poor’s: AA- = Very Strong

13. Regulations
 Insurance companies are regulated by the State
 Laws change based on the office location
 Locations in 16 states including CA, CN, FL, GA, IL, IA, MA,
MO, NJ, NY, NC, OH, OK, PN, RI, and TX.
 National Association of Insurance Commissioners
(NAIC) is the U.S. standard-setting and regulatory
support organization
 Through the NAIC, state insurance regulators:
 Establish standards and best practices
 Conduct peer review
 Coordinate their regulatory oversight

14. Future/Recommendations
 Continue to expand locations in the US and
worldwide
 Grow other parts of their business other than life
 Buy!