Slide 1: 4Q16 Supplemental Slides
Exhibit 99.3 4Q16 Supplemental Slides John C. R. Hele Chief Financial Officer
Slide 2: Table of Contents
Table of Contents Page Effect of Derivative Losses…………………………..…………. 3 Net Derivative Gains (Losses)…………………………………. 4 2016 Effective Tax Rate………………………………………… 5 Explanatory Note on Non-GAAP Financial Information……… 6 2
Slide 3: Effect of Derivative Losses
Effect of Derivative Losses ($ in millions) – Post tax 4Q16 FY16 Net Income (Loss) $ (2,133) $ 697 Less: Net Investment Gains(Losses) (239) 111 Less: Net Derivative Gains (Losses) (3,214) (4,394) Less: Investment Hedge Adjustments (157) (571) Less: Other 62 462 Operating Earnings $ 1,415 $ 5,089 See
Slide 4: Net Derivative Gains (Losses)
Net Derivative Gains (Losses) ($ in millions) – Post tax 4Q16 FY16 Asymmetrical and Asymmetrical and Reported Non-Economic Reported Non-Economic Non-VA Program $ (2,151) $ (2,285) Interest Rate $ (1,123) $ (1,612) (272) (287) Foreign Currency Exchange Rate 281 263 63 14 Other (55) (43) $ (2,360) $ (
Slide 5: 2016 Effective Tax Rate
2016 Effective Tax Rate 4Q16 FY2016 Effective tax rate as reported 17.3% 21.0% U.S. tax on Japan dividend 1.5% 0.0% Tax credits 1.2% 0.3% Lower run-rate in 4Q - “catchup” for 1Q-3Q 1.0% 0.0% Settlements and other 0.7% 0.4% Effective tax run-rate 21.7% 21.7% 5
Slide 6: Explanatory Note on Non-GAAP Financial Information
Explanatory Note on Non-GAAP Financial Information Any references in this presentation (except in this Explanatory Note on Non- GAAP Financial Information) to: should be read as, respectively: (i) (loss); and (i) net income (loss) available to MetLife, Inc.’s common shareholders; and (ii) (ii) opera
Slide 7: Explanatory Note on Non-GAAP Financial Information (Continued)
Explanatory Note on Non-GAAP Financial Information (Continued) Operating earnings and related measures • operating earnings available to common shareholders These measures are used by management to evaluate performance and allocate resources. Consistent with GAAP guidance for segment reporting, oper
Slide 8: Explanatory Note on Non-GAAP Financial Information (Continued)
Explanatory Note on Non-GAAP Financial Information (Continued) The following additional adjustments are made to expenses, in the line items indicated, in calculating operating expenses: • Policyholder benefits and claims and policyholder dividends excludes: (i) changes in the policyholder dividend o
Slide 9: Explanatory Note on Non-GAAP Financial Information (Continued)
Explanatory Note on Non-GAAP Financial Information (Continued) Reconciliation of Net income (loss) available to common shareholders to operating earnings available to common shareholders For the Three Months Ended For the Year Ended December 31, 2016 December 31, 2016 ($ in millions) Net Income (los
Slide 10: MetLife - Navigating life together
iy’ MetLife Navigating life together