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MetLife Announces Third Quarter 2012 Results

INVESTMENTS

Net investment income was $5.0 billion, up 2%. Variable investment income was above the plan range at $260 million ($165 million, after tax and DAC) compared with $260 million ($169 million, after tax) in the third quarter of 2011.

For the third quarter of 2012, investment portfolio net gains were $43 million, after tax, compared with investment portfolio net gains of $9 million, after tax in the third quarter of 2011. The impact of MetLife’s credit spreads and increases in interest rates during the quarter drove derivative net losses of $543 million, after tax and other adjustments, compared with derivative net gains of $2.8 billion, after tax and other adjustments, in the third quarter of 2011. Derivative gains or losses related to MetLife’s credit spreads do not have an economic impact on the company.

CORPORATE & OTHER

Corporate & Other had an operating loss of $134 million, compared with an operating loss of $102 million. Results in the third quarter of 2012 reflect certain reorganization costs of $35 million, or $0.03 per share, after tax.

Third Quarter Conference Call

MetLife will hold its third quarter 2012 earnings conference call and audio Webcast on Thursday, November 1, 2012, from 8:00 to 9:00 a.m. (ET). The conference call will be available live via telephone and the Internet. To listen over the telephone, dial (612) 326-1027. To listen to the conference call over the Internet, visit www.metlife.com (through a link on the Investor Relations page). Those who want to listen to the call on the telephone or via the Internet should dial in or go to the Web site at least fifteen minutes prior to the call to register, and/or download and install any necessary audio software.

The conference call will be available for replay via telephone and the Internet beginning at 10:00 a.m. (ET) on Thursday, November 1, 2012, until Thursday, November 8, 2012 at 11:59 p.m. (ET). To listen to a replay of the conference call over the telephone, dial (320) 365-3844. The access code for the replay is 226303. To access the replay of the conference call over the Internet, visit the above-mentioned Web site.

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