Video Ipo 1 Sez C Sas

Video ipo 1 sez c sas

Video ipo 1 sez c sas

Exhibit 99.2

MetLife, Inc.

GAAP Interim Condensed Consolidated Statements of Operations

(Unaudited)

 

   For the Three Months Ended
June 30,
  For the Six Months Ended
June 30,
 
   2016  2015  2016  2015 
   (In millions)  (In millions) 

Revenues

     

Premiums

  $9,417   $9,312   $19,110   $18,565  

Universal life and investment-type product policy fees

   2,286    2,434    4,630    4,828  

Net investment income

   4,887    4,947    9,446    10,408  

Other revenues

   487    518    974    1,013  

Net investment gains (losses)

   266    (133  281    153  

Net derivative gains (losses)

   (2,099  (912  (764  (91
  

 

 

  

 

 

  

 

 

  

 

 

 

Total revenues

   15,244    16,166    33,677    34,876  
  

 

 

  

 

 

  

 

 

  

 

 

 

Expenses

     

Policyholder benefits and claims

   10,274    9,352    19,952    18,609  

Interest credited to policyholder account balances

   1,500    1,298    2,826    3,293  

Policyholder dividends

   324    331    639    670  

Other expenses

   3,246    4,072    7,438    8,132  
  

 

 

  

 

 

  

 

 

  

 

 

 

Total expenses

   15,344    15,053    30,855    30,704  
  

 

 

  

 

 

  

 

 

  

 

 

 

Income (loss) from continuing operations before provision for income tax

   (100  1,113    2,822    4,172  

Provision for income tax expense (benefit)

   (214  (6  505    890  
  

 

 

  

 

 

  

 

 

  

 

 

 

Net income (loss)

   114    1,119    2,317    3,282  

Less: Net income (loss) attributable to noncontrolling interests

   4    4    6    9  
  

 

 

  

 

 

  

 

 

  

 

 

 

Net income (loss) attributable to MetLife, Inc.

   110    1,115    2,311    3,273  

Less: Preferred stock dividends

   46    31    52    61  

Preferred stock repurchase premium

   —      42    —      42  
  

 

 

  

 

 

  

 

 

  

 

 

 

Net income (loss) available to MetLife, Inc.’s common shareholders

  $64   $1,042   $2,259   $3,170  
  

 

 

  

 

 

  

 

 

  

 

 

 

See footnotes on last page.


MetLife, Inc.

Video ipo 1 sez c sas

Consolidated Statements of Operating Earnings Available to Common Shareholders

(Unaudited)

 

   For the Three Months Ended
June 30,
  For the Six Months Ended
June 30,
 
   2016  2015  2016  2015 
   (In millions)  (In millions) 

Operating revenues

     

Premiums

  $9,417   $9,313   $18,684   $18,566  

Universal life and investment-type product policy fees

   2,173    2,335    4,324    4,629  

Net investment income

   4,881    5,185    9,587    10,167  

Other revenues

   484    527    971    1,030  
  

 

 

  

 

 

  

 

 

  

 

 

 

Total operating revenues

   16,955    17,360    33,566    34,392  
  

 

 

  

 

 

  

 

 

  

 

 

 

Operating expenses

     

Policyholder benefits and claims and policyholder dividends

   10,385    9,503    19,978    18,950  

Interest credited to policyholder account balances

   1,314    1,342    2,615    2,673  

Capitalization of DAC

   (915  (927  (1,791  (1,895

Amortization of DAC and VOBA

   1,015    1,001    1,896    1,954  

Amortization of negative VOBA

   (61  (83  (128  (173

Interest expense on debt

   303    307    615    604  

Other operating expenses

   3,659    3,882    7,369    7,682  
  

 

 

  

 

 

  

 

 

  

 

 

 

Total operating expenses

   15,700    15,025    30,554    29,795  
  

 

 

  

 

 

  

 

 

  

 

 

 

Operating earnings before provision for income tax

   1,255    2,335    3,012    4,597  

Provision for income tax expense (benefit)

   285    539    707    1,133  
  

 

 

  

 

 

  

 

 

  

 

 

 

Operating earnings

   970    1,796    2,305    3,464  

Preferred stock dividends

   46    31    52    61  
  

 

 

  

 

 

  

 

 

  

 

 

 

Operating earnings available to common shareholders

  $924   $1,765   $2,253   $3,403  
  

 

 

  

 

 

  

 

 

  

 

 

 

Reconciliation to Income (Loss) from Continuing Operations, Net of Income Tax

     

Operating earnings

  $970   $1,796   $2,305   $3,464  

Adjustments from operating earnings to income (loss) from continuing operations, net of income tax:

     

Net investment gains (losses) (1)

   266    (133  281    153  

Net derivative gains (losses) (1)

   (2,099  (912  (764  (91

Premiums

   —      (1  426    (1

Universal life and investment-type product policy fees

   113    99    306    199  

Net investment income

   6    (238  (141  241  

Other revenues

   3    (9  3    (17

Policyholder benefits and claims and policyholder dividends (1)

   (213  (180  (613  (329

Interest credited to policyholder account balances

   (186  44    (211  (620

Capitalization of DAC

   —      —      105    —    

Amortization of DAC and VOBA (1)

   894    104    780    32  

Amortization of negative VOBA

   6    9    38    19  

Interest expense on debt

   (3  (1  (3  (2

Other operating expenses

   (142  (4  (397  (9

Goodwill impairment

   —      —      —      —    

Provision for income tax (expense) benefit (1)

   499    545    202    243  
  

 

 

  

 

 

  

 

 

  

 

 

 

Income (loss) from continuing operations, net of income tax

   114    1,119    2,317    3,282  

Income (loss) from discontinued operations, net of income tax

   —      —      —      —    
  

 

 

  

 

 

  

 

 

  

 

 

 

Net income (loss)

   114    1,119    2,317    3,282  

Less: Net income (loss) attributable to noncontrolling interests

   4    4    6    9  
  

 

 

  

 

 

  

 

 

  

 

 

 

Net income (loss) attributable to MetLife, Inc.

   110    1,115    2,311    3,273  

Less: Preferred stock dividends

   46    31    52    61  

Preferred stock repurchase premium

   —      42    —      42  
  

 

 

  

 

 

  

 

 

  

 

 

 

Net income (loss) available to MetLife, Inc.’s common shareholders

  $64   $1,042   $2,259   $3,170  
  

 

 

  

 

 

  

 

 

  

 

 

 

See footnotes on last page.


MetLife, Inc.

Boogie con Albe Massimo, il miglior attacco del 60° Campionato Sociale di addestramento SAS 2016

(Unaudited)

 

  For the Three Months Ended
June 30,
  For the Six Months Ended
June 30,
 
  2016  2015  2016  2015 
     Earnings Per
Weighted Average
Common Shares
Diluted (2)
     Earnings Per
Weighted Average
Common Shares
Diluted (2)
     Earnings Per
Weighted Average
Common Shares
Diluted (2)
     Earnings Per
Weighted Average
Common Shares
Diluted (2)
 
  (In millions, except per share data)  (In millions, except per share data) 

Reconciliation to Net Income (Loss) Available to MetLife, Inc.’s Common Shareholders

        

Operating earnings available to common shareholders, adjusted for total notable items

 $1,410   $1.27   $1,704   $1.51   $2,860   $2.58   $3,358   $2.97  

Add: Total notable items

  (486  (0.44  61    0.05    (607  (0.55  45    0.04  
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Operating earnings available to common shareholders

 $924   $0.83   $1,765   $1.56   $2,253   $2.03   $3,403   $3.01  

Adjustments from operating earnings available to common shareholders to net income (loss) available to MetLife, Inc.’s common shareholders: