1. 08 © UFS
C. Robert Henrikson
Chairman, President &
Chief Executive Officer

2. We are Big, Strong, and Trusted
2

3. Protecting Our Strength
• Reduced our securities lending program
3

4. Protecting Our Strength
• Reduced our securities lending program
• Raised capital of $2.3 billion
4

5. Protecting Our Strength
• Reduced our securities lending program
• Raised capital of $2.3 billion
• Continued to hedge our guarantees
5

6. Protecting Our Strength
• Reduced our securities lending program
• Raised capital of $2.3 billion
• Continued to hedge our guarantees
• Affirmed rating agency strength and outlook
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7. Well Positioned Balance Sheet
• High quality investment portfolio
– Defensively structured
– Carefully underwritten
• Substantial capital
– To deliver on our promises
– A platform for growth
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8. Growing Our Franchise through a Flight to Quality
Total Company Revenue1
($ Billions)
$35
2
AGR
8.9% C
$30
$25
$20
$15
$10
$5
$0
2003 2004 2005 2006 2007 2008E
1Premiums,Fees & Other Revenues.
2Calculated
using 2008E mid-point.
See Appendix for non-GAAP financial information definitions and/or reconciliations.
8

9. Institutional: Unique Franchise with
Strong Relationships
2007 In-force Premiums & Equivalents
($ Billions)
• 60,000 companies
$15
• Over 90 of Fortune 100
$12
• Reach 40 million employees
$9
$6
$3
$0
MetLife A B C D E F G H I
Life Dental Disability LTC A&H
Source: Life excluding COLI & BOLI (LIMRA), Disability (LIMRA), Dental (MetLife Research), Long-Term Care (MetLife Research), Auto & Home
(MetLife Research).
See Appendix for non-GAAP financial information definitions and/or reconciliations.
9

10. U.S. Variable Annuities – A Market Leader
3Q08 YTD Sales
($ Billions)
$15
$10
$5
$0
A MetLife B C D E F G H I J
Source: VARDS.
See Appendix for non-GAAP financial information definitions and/or reconciliations.
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11. International – Growing into a Global Company
Revenue1
($ Billions)
$5
2
R
CAG
$4
%
22.5
$3
$2
$1
$0
2003 2004 2005 2006 2007 2008E
1Premiums, Fees & Other Revenues.
2Calculated using 2008E mid-point.
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12. Operational Excellence
• Building a better and more profitable MetLife
• At least $400 million of run-rate expense savings
expected by 2010
– $150 million already captured as of 4Q08
– Additional savings driven by:
• Business initiatives
• Technology initiatives
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13. Operational Excellence
• Improving effectiveness and efficiency of
technology portfolio
– Sharing expertise and systems across MetLife
– Using new technology to reduce infrastructure costs
– Working with strategic vendors to leverage
competencies while reducing costs
• Substantially reducing costs, while investing
more in application development to further drive
customer value
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14. Summary
• Our capital position is strong
• Our investment portfolio is defensively positioned
• We have tremendous growth opportunities
• We continue to benefit from the flight to quality
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