Metlife, Inc. · NYSE:MET
Metlife — Wachovia Mid-Year Equity Conference 2009
14 slides from Metlife's conference presentation, Jun 23, 2009
Slide 1: Wachovia Mid-Year Equity Conference – MetLife Institutional Business
Anthony J. Nugent Executive Vice President, Employee Benefits Sales MetLife Institutional Business Wachovia Mid-Year Equity Conference June 23, 2009
Slide 2: Safe Harbor Statement
Safe Harbor Statement These materials may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events.
Slide 3: Explanatory Note on Non-GAAP Financial Information
Explanatory Note on Non-GAAP Financial Information All references in this presentation to net income (loss), net income (loss) per share, operating earnings and operating earnings per share should be read as net income (loss) available to MetLife, Inc.'s common shareholders, net income (loss) availa
Slide 4: MetLife's Diverse & Complementary Businesses
MetLife's Diverse & Complementary Businesses Premiums, Fees & Other (2008) 2008 Group Life 7604 Non-Medical & Other 6073 Retirement & Savings 2948 Individual Life 5657 Individual Annuities 2169 Auto & Home 3009 International 4583 Other 820 Auto & Home 9% Group Life 24% Non-Medical & Other 18% Retire
Slide 5: Institutional Business: The premier product and service provider
Institutional Business The premier product and service provider Life & Non-Medical Health (Dental, Disability, LTC ...) Voluntary Benefits Retirement & Savings Focus on Employer Groups Ranging in size from 2 lives up to and including the Federal Government Broad distribution across markets Retiremen
Slide 6: MetLife Group Insurance: A Unique Franchise with Strong Relationships
MetLife A B C D E F G H I Life 5.5 1.1 1 1.1 2.7 1.3 0.7 0.4 0.3 - Dental 5.6 3.9 3.2 - - - - - - - Disability 2.6 1.1 1.1 2.9 0.8 2.1 1.2 0.3 0.2 - LTC 0.2 - - 0.2 0.039 - - - - 0.2 A&H 1.1 0.024 0.095 2007 In-force Premiums & Equivalents 60,000 companies Over 90 of Fortune 100 Reach 40 million emp
Slide 7: Retirement & Savings
Retirement & Savings Total assets of $125.6 B1 #1 market share in Institutional Income Annuities1 Pension Closeout market share of 34% in U.S.2 #1 in General Account GIC sales with market share of 21%2 30 Year track record in Stable Value 1 As of March 31, 2009 and market share data source: LIMRA. 2
Slide 8: Institutional Business - Top-Line Growth
Institutional Business - Top-Line Growth 2000 2001 2002 2003 2004 2005 2006 2007 2008 Revenue 0.7 0.9 1.1 10.3 11.4 12.8 13.3 13.9 16.6 9.7% CAGR 1Premiums, Fees & Other Revenues. Revenue1 ($ Billions)
Slide 9: Underwriting Margins - Loss Ratios
2003 2004 2005 2006 2007 2008 Q108 Q109 Group Term Life Mortality 0.908 0.917 0.924 0.915 0.916 0.923 0.938 0.929 2009 Plan Target = 91.0%-95.0% 2003 2004 2005 2006 2007 2008 Q108 Q109 Disability Morbidity Ratio 0.954 0.916 0.898 0.898 0.899 0.897 0.806 0.86 2009 Plan Target = 89.0%-94.0% Underwriti
Slide 10: Operating Expense Ratio - Group Insurance
Operating Expense Ratio - Group Insurance 2002 2003 2004 2005 2006 2007 2008 Q108 Q109 Operating Expense Ratio 0.154 0.161 0.16 0.166 0.161 0.1685 0.15 0.144 0.145 Operating expense ratio for our group insurance products is defined as expenses divided by premiums, fees and other revenues. 15.4% 16.0
Slide 11: Market Forces and Solutions
Market Forces and Solutions Strategic Partner Partial Risk Transfer "Trigger ready" Relationship management Flight to quality Respond with value Position Statement Rising Unemployment Stock Market Drop Low Interest Rates Importance of Financial Strength Irrational Pricing Health Insurance Reform
Slide 12: Our Strategic Goals to Continue to Grow Faster than the Market
Position ourselves as benefits and retirement experts Deepen, extend and leverage our Large Market franchise (3,000 Lives +) Use existing competencies to expand into selected new or under-penetrated markets Grow, develop and acquire talent Leverage our scale to take advantage of opportunities in the
Slide 13: 2009 and Beyond
MetLife is a leading player It's hard to stay #1 We are strong and focused on winning 2009 and Beyond
Slide 14: MetLife
MetLife